Tag Archive for: rental property

Why You Can Be Thankful as a Private Lender

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Why You Can Be Thankful as a Private Lender

Why You Can Be Thankful as a Private Lender

If you’re thinking about becoming a private lender, then there are a few things you can look forward to being thankful for.

https://youtu.be/n–wIaxOQt8

Make Money

First, the most obvious, can make money in an easy, secured way. You don’t have to pick up hammer, worry about contractors, or stress out about getting a big project done in a short amount of time. All you have to do is find people who like fixing and flipping and lend them the money to do all of that hard work.

Boost Retirement Savings

Second, you can take the money you make and boost your retirement savings. You don’t have to worry about unpredictable fluctuations in the stock market or depend on low interest rates at the bank. You can make consistent, solid income with a safe and secured investment.

Positive Impact

Third, and the least thought about, you can make an extremely positive impact on your community.

Without your ability to lend money to fix and flippers, rental owners, and other real estate investors, communities would slowly deteriorate and eventually fall into disarray.

Think about the HGTV show, Good Bones. A mother and daughter team up to fix homes that have aged and withered throughout their neighborhood. But, home by home, they’ve revitalized and given their community new life. They given it value, once again.

That’s what all fix and flippers do.

They find neighborhoods, towns, and cities that have fallen into disrepair, and breath fresh life into them. By doing this, they revive the economy because people want to live there again. Schools, safety, and quality of life rise drastically.

But the only way this all can happen is if fix and flippers can find money to do their work. And many of them can’t walk into a bank and get a loan, either because they can’t meet the bank’s strict requirements, or because they need to buy a property FAST. We’re talking about closing homes within days, not months. Banks can’t do that.

So, they need private funding from people like you. People who have money they want to invest.

So, why not invest it in your local community…or a community of your choosing? Say, the hometown you grew up in? Perhaps it’s seen better days and needs some new life before it fades and falls off the map completely?

Private lending is something you can truly be thankful for. So why not give it a try if you’re looking to invest in real estate the easy way?

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How to Retire: Retirement Scares Me

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How to Retire: Retirement Scares Me

How to Retire: Retirement Scares Me

Retirement is just around the corner. It’s tiptoeing closer and closer…But, you’re not ready.

And that TERRIFIES you.

Because the stock market is constantly up and down, banks aren’t paying much if anything, and retirement accounts like PERA are questionable.

So, what can you do to prepare for retirement? Because whether you like it or not, it’s creeping towards you.

Well, one of the best and most secure strategies is private lending.

There are thousands of fix and flippers, landlords, and other real estate investors who can’t get a traditional loan through a bank. So, they turn to private lenders.

Someone like you. Someone who has a chunk of money they’d like to safely invest so they can boost their income…and their retirement savings.

So, how exactly do you make money in private lending? Well, it’s pretty easy, actually.

Step 1

Find a trustworthy real estate investor who needs cash to buy a fixer upper.

Step 2

Create a private note that includes the interest rate for your loan. Rates vary in private lending, so it’s your decision on how much you charge.  And how much you charge depends on how much you trust your borrower.

Step 3

Collect interest payments and boost your retirement savings.

That’s the basic gist. And if you’d rather have someone else find trustworthy real estate investors, create your note, and oversee the life of the loan, then you can use a licensed and experienced company like ours to help you handle it.

Here’s the thing. Since the beginning of time, people have needed money. And they’ve always needed to borrow it from someone. Why not you?

Don’t let retirement scare you. Take control now and start investing your money in a way that will help you face retirement…and face it with confidence.

Ready to talk about investing your money in real estate? Great! Our team is always here to chat.

Happy investing!

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Next Money Chat: How to Find Cash Flowing Properties

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How to Find Cash Flowing Properties

Next Money Chat: How to Find Cash Flowing Properties

During our next Money Chat, lending expert Mike Bonn will discuss how to find cash flowing properties.

Because it’s important to understand how to invest in good, money-making properties before putting your hard earned cash into real estate deals.

Don’t miss your chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to Find Cash Flowing Properties

Want to join Mike’s Money Chat? Then register for FREE here.

Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Mark your calendar!

When: Thursday, September 23rd, 11 AM MST

Where: Virtual nationwide.

Register for FREE at https://my.demio.com/ref/lw8s3Krd8n4vKXqo

Mike and the rest of the Cash Flow Mortgage Company/Hard Money Mike team looks forward to seeing you on Thursday.

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

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Don’t Miss Out! How to Find and Value Properties

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How to Find and Value Properties

Don’t Miss Out! How to Find and Value Properties

Do you know how to find and value properties? If not, here’s your second chance to participate in this week’s Money Chat with Mike Bonn.

Mike will be hosting a second Money Chat tomorrow, Thursday, September 16th at 11 a.m. MST. During the chat, Mike will answer all of your questions on how to find and value a property.

Because it’s important to understand how to invest in good, cash flowing properties before putting your hard earned money into real estate deals.

So don’t miss out! This is your second chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to Find and Value Properties

If you’d like to join Mike’s Money Chat tomorrow, then you can register for FREE here.

During the virtual call, Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Can’t make it to tomorrow’s chat? No problem. Let us know and we’ll set up more Money Chats on how to find and value a property. Or you can reach out to our team and schedule a time for a one-on-one call. That way you have an opportunity to ask all of your questions on how to find and value properties.

But, if you’d like to tune in LIVE tomorrow to listen and participate with other real estate investors, then here’s your chance.

When?

Tomorrow at 11 AM MST

Where?

Virtual nationwide.

Register for free at https://my.demio.com/ref/lw8s3Krd8n4vKXqo

Mike and the rest of the Cash Flow Mortgage Company/Hard Money Mike team looks forward to seeing you tomorrow!

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

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Next Money Chat: How to Find and Value Properties

Categories:

How to find and value a property

Next Money Chat: How to Find and Value Properties

During our next Money Chat, lending expert Mike Bonn will discuss how to find and value a property.

Because it’s important to understand how to invest in good, cash flowing properties before putting your hard earned money into real estate deals.

Don’t miss your chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to Find and Value a Property

Want to join Mike’s Money Chat? Then register for FREE here.

Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Can’t make it? No problem. We’re running a second Money Chat next week to make sure you have an opportunity to listen, learn, and ask all of your questions on how to find and value property. And if you miss next week’s chat, no sweat. We’ll be hosting many more in the future.

So, mark your calendar!

When?

Tuesday, September 14th, 6 PM MST

OR

Thursday, September 16th, 11 AM MST

Where?

Virtual nationwide.

Register for free at https://my.demio.com/ref/lw8s3Krd8n4vKXqo

Mike and the rest of the Cash Flow Mortgage Company/Hard Money Mike team looks forward to seeing you on Tuesday or Thursday. Or both!

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

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Second Chance Money Chat: How to Find and Value Properties

Categories:

How to Find and Value Property

Second Chance Money Chat: How to Find and Value Properties

Do you know how to find and value properties? If not, here’s your second chance to participate in this week’s Money Chat with Mike Bonn.

Mike will be hosting a second Money Chat tomorrow, Thursday, September 9th at 11 a.m. MST. During the chat, Mike will answer all of your questions on how to find and value a property.

Because it’s important to understand how to invest in good, cash flowing properties before putting your hard earned money into real estate deals.

So don’t miss out! This is your second chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to find and value a property

If you’d like to join Mike’s Money Chat tomorrow, then you can register for FREE here.

During the virtual call, Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Can’t make it to tomorrow’s chat? No problem. Let us know and we’ll set up more Money Chats on how to find and value a property. Or you can reach out to our team and schedule a time for a one-on-one call. That way you have an opportunity to ask all of your questions on how to find and value properties.

But, if you’d like to tune in LIVE tomorrow to listen and participate with other real estate investors, then here’s your chance.

When?

Tomorrow at 11 AM MST

Where?

Virtual nationwide.

Register for free at https://my.demio.com/ref/lw8s3Krd8n4vKXqo

Mike and the rest of the Cash Flow Mortgage Company/Hard Money Mike team looks forward to seeing you tomorrow!

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

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Private Lender: How to Invest in Real Estate without Flipping or Renting

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Private Lender: How to Invest in Real Estate without Flipping or Renting

Private Lender: How to Invest in Real Estate without Flipping or Renting

Did you know you can be a private lender?

That’s right. And today we’re going to show you how to invest in real estate without resorting to fixing and flipping or fixing and renting.

It’s true. Everyone can put their money to work, even if they don’t want to put their muscles to work. If you want, you can skip the hammers, ladders, and paint. No need to groan over dust-covered floors, clothes, and, well, everything. And forget about stressing over contractors and delayed projects.

You can invest in real estate without ever stepping foot inside a property.

How to Invest in Real Estate Without Flipping or Renting

How is this possible?

Well, it’s fairly easy.

Rather than rolling up your sleeves and searching, buying, fixing, and selling/renting properties, you can become a private lender.

What does being a private lender mean?

Simply put, you become a bank for fix and flippers or rental owners. Rather than these real estate investors going to a “real” bank or traditional lender, they come to you for money.

And you get to charge them interest for using your money.

Interest rates vary in private lending, but one thing is for sure. You’ll earn WAY more interest in real estate than in your bank account. Because banks pay far less interest than real estate investors.

Private Lender

Now, there are a couple of ways to become a private lender.

The Easy Way

The easiest way to get started is through companies like our sister company, The Note Shop. We connect private lenders with real estate investors (aka, fix and flippers and rental owners).

When you use a company like ours, you don’t need to:

  • Search for fix and flippers/rental owners that need funding.
  • Interview flippers/rental owners to determine how much you can trust them with your money.
  • Review real estate portfolios. Again, to establish trust. How much experience does this real estate investor have? What’s the quality of their work?
  • Analyze properties to make sure they’re worth the investment.
  • Prepare loan documents, like deeds of trust and mortgages.
  • Handle escrow draws.
  • Oversee the life of the loan, including all payments, extensions, and modifications.

You can skip ALL of that, and let our team do the work for you. That means we handle the entire list above.

Not you.

All you have to do is wait for a call or email from our team to inform you there’s a loan available. If you’re happy with it, then you just have to head to your bank and send a wire to a licensed and trusted title company (First American, Old Republic, Fidelity, etc.).

And then watch the plump interest payments hit your bank account every month.

It’s simple, it’s lucrative, and it’s way easier than fixing or renting a property yourself. Let someone else do the work, right?

Do It Yourself

Now, if you’re experienced and confident in private lending, then you can work directly with real estate investors. This is best known in the business as OPM (Other People’s Money).

We actually encourage our flipper and rental clients to seek out OPM as a funding option because it’s really the cheapest path to buying properties. Because they don’t have to pay a traditional lender multiple fees and points. Instead, they can focus on interest-only loans.

How much interest should you charge? Well, that’s really up to you and your client. When you’re in the driver’s seat, you get decide how big of a risk you’d like to take with your money. And that risk is based trust.

Do you trust them to:

  1. Pay you back?
  2. Buy, fix, and flip a property within your agreed upon timeline? (Or refinance into a traditional loan so you can invest your money elsewhere?)
  3. Sell or rent a property for what they claim it’s worth after they repair it?

In addition to trust, you also need to be willing to tackle the entire to-do list we mentioned above (evaluating investors and deals, preparing documents, overseeing the loan, etc.). This is completely doable! But, again, it comes down to how much risk and work you want to take on.

If you want to make the most money possible while doing the least amount of work, then relying on The Note Shop or a similar company to help you is perfect.

So, there you have it! You can invest in real estate without picking up a hammer or worrying about a bad contractor.

Believe us when we say, private lending is easy, lucrative, and EASY!

Do you want to talk about investing your money in real estate without breaking a sweat? Good! Our team is always here to chat.

Happy investing!

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New Money Chat: How to Find and Value Properties

Categories:

How to Find and Value Property

New Money Chat: How to Find and Value Properties

During our next Money Chat, lending expert Mike Bonn will discuss how to find and value a property.

Because it’s important to understand how to invest in good, cash flowing properties before putting your hard earned money into real estate deals.

Don’t miss your chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to Find and Value a Property

Want to join Mike’s Money Chat? Then register for FREE here.

Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Can’t make it? No problem. We’re running a second Money Chat next week to make sure you have an opportunity to listen, learn, and ask all of your questions on how to find and value property. And if you miss next week’s chat, no sweat. We’ll be hosting many more in the future.

So, mark your calendar!

When?

Tuesday, September 7th, 6 PM MST

OR

Thursday, September 9th, 11 AM MST

Where?

Virtual nationwide.

Register for free at https://my.demio.com/ref/lw8s3Krd8n4vKXqo

Mike and the rest of the Cash Flow Mortgage Company/Hard Money Mike team looks forward to seeing you on Tuesday or Thursday. Or both!

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

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How to Buy a Rental Property: 5 Ways To Fund Your Real Estate Deal

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How to Buy a Rental Property: 5 Ways To Fund Your Real Estate Deal

Do you want to know how to buy a rental property? Then check out these 5 ways to fund your real estate deal.

If you’re interested in generating positive cash flow with a rental property, then it’s important you know how to actually BUY a rental property. Like, where does the money come from? Because most real estate investors don’t have hundreds of thousands of dollars sitting around.

Most will need a real estate loan.

So, let’s take a quick look at the various types of real estate lenders you can rely on to fund your rental properties. Just like fix and flips and other value-add properties, you have 5 different options, and each of these options have various pros and cons.

Hard Money.

Hard money is a great option when you need to close a deal fast. We’re talking days instead of weeks or months. Plus, most hard money lenders offer 100% financing.

The downside is hard money can be expensive. Rates tend to be higher than other lenders. But this type of loan is intended to be short-term. If used correctly, you only pay these high rates for 6 months or less.

Non-Traditional Loans

Another option to buy a rental property is using a non-traditional loan. These are excellent for those who don’t have—or don’t want to use their tax returns. Unfortunately, they also come with high rates, so they’re more expensive than some of your other real estate funding options.

Banks

Banks are useful for those who can make the cut. They offer lower rates and allow you to keep your real estate loan in your LLC or business name.

But banks also have the strictest requirements, and if you don’t meet those requirements, you’ll get rejected. Worse, they require 3-5 year terms, so you can’t get in and out of them as fast as hard money and other loan options.

Traditional Loans

Traditional loans are one of your cheaper options because they offer the best rates. But be careful, because these types of loans have stricter requirements. And, unlike banks, you can’t put the loan in your LLC or business name. You have to keep it in your personal name.

OPM (Other People’s Money)

Compared to all the other real estate lenders, OPM offers the lowest cost and highest flexibility. You only pay interest, so there are no points or other random fees. Better yet, you and your lender can set the terms together.

The only downside to OPM is finding those who are willing to lend their money to you. But that’s where gaining experience and knowledge in real estate investing helps. The more you know, the more you can prove you’re worth the investment.

So, there you go. If you’re interested in buying a rental property, one of these 5 options can help you actually BUY it. Which one is the best? Well, there’s no right answer to that, because every real estate investor has a different path. What works for you might not work for someone else.

Ready to find out what YOUR path is? Great! Our team is here to help. We’re excited to set you on a path that helps you make the kind of money you need…to live the life you want.

Happy investing!

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How to Get a Loan for Your Rental Property Investment

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How to Get a Loan for Your Rental Property Investment

How to Get a Loan for Your Rental Property Investment

Are you looking for a lightning fast, easy loan for your rental property investment? Something that comes with affordable, long-term fixed rates?

Then we have your solution.

We call it the Easy Rental Loan, but you might notice that other lenders in the real estate industry call it a DSCR loan (debt service coverage ratio loan).

Yeah, we’ll stick with Easy Rental Loan, because it’s just easier to remember!

 

All you really need to know about this type of loan is that it revolves around 2 key items:

  1. A decent credit score,
  2. And a lease that covers the monthly cost of your property.

What do we mean by “monthly costs”? Well, if you look at most rental property calculators, they have you add up the following to see what you owe on the rental property each month:

  • Mortgage payment
  • Property taxes
  • Insurance
  • HOA fee

If your property positively cash flows (aka, you make more than you spend on the property), then you can qualify for an Easy Rental Loan. Better yet, you can still qualify for good interest rates and a 30-year fixed term.

Better still, you don’t have to worry about submitting tax returns, being in business for 2 or more years, or having too many financed properties.

It really doesn’t get easier than that.

So, if you’re looking for a fast, efficient, and, most importantly, EASY solution to funding your rental and other value-add properties, then look no further. We’ve got an Easy Rental Loan waiting for you.

Ready to chat about your cash flow options? Great, our team is here and eager to set you on a path that helps you make the kind of money you need to live the life you want!

Happy investing!

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