What is Hard Money and How Do You Qualify?
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- เผยแพร่เมื่อ 9 พ.ย. 2024
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What makes owning multi-unit rental properties the best financial freedom strategy in the world that enabled 7 of our students to quit their day job last year? There is really no magic about it--it is merely the ability to use an IDEAL strategy. Here are five reasons why multi-unit investing is as ideal as it gets…
“I” is for Income:
Multi-unit properties produce passive income - this is income received on a consistent basis with little to no work required. Yes, owning properties requires some work when buying it, but not 40 hours a week like your typical day job. For instance, you may be a tenant of someone else’s multi-unit (or have rented in the past) and I’m sure you never called your landlord for 40 hours a week. Your only reasons for contacting property management was in the unlikely event that there’s an issue. However, if you buy the right property, in the right market, with the right tenants, while implementing the right blueprint, then this can be a sweet passive income situation for you. Personally, I worked about 10 hours a week on average on my 72 unit portfolio - it was more like having a “part”-part-time job. Passive income produces financially free real estate investors as well as purposefully-filled human beings. I doubt I would have been able to pursue my passions or discover my purpose in life if I was still strapped to a cubicle.
“D” is for Depreciation:
When you purchase and improve properties, you’re able to make a deduction on your taxes called depreciation. It’s a phantom expense. Rather than taking one large deduction in the year you buy (or improve) the property, depreciation distributes the deduction across the useful life of the property. This helps offset the taxes you have to pay on the passive income you generate and if you have a savvy tax professional, you can save big money on your taxes.
“E” is for Equity:
I typically buy properties with financing. Therefore, each year I hold a multi-unit rental in my portfolio, my tenants (God bless their soul) are paying down the debt owed on the property and increasing my net worth as a result. Plus, if I buy the property for less than what it’s worth, I have created instant equity which further adds to my net worth.
“A” is for Appreciation:
In addition to buying multi-unit properties (right using the right blueprint), you must also buy them in the right market to capitalize on the market’s natural appreciation rate. So, by owning properties in positive appreciating markets, your net worth is growing bigger and bigger as a result. Plus, if you buy multi-units less than what it’s worth (every investor and their mama should do this), in addition to managing it right, you’ll force the appreciation of the property to add more to your net worth.
“L” is for Leverage:
You can leverage a multi-unit property in many ways (which I share in the blueprint), but I’ll share two ways here. 1) You can use creative financing - even if you don’t have a 700 score or deep pockets - to acquire a multi-unit rental. 2) Then, after you acquire it, you can increase the value of the property (using E and A above) and then tap into that value to buy another property. That’s how the pros do it and end up buying property after property - on repeat.
In the past 7 years, I have helped thousands of people buy multi-unit rentals on repeat so they can start the journey of financial freedom where their passive income exceeds their monthly living expenses.
Collectively, they’ve raised their passive income to a half a million and removed close to a hundred thousand negative items from their reports.
Are you ready to join the financial freedom revolution so you can quit your day job?
If so, you have to start with getting your first multi-unit rental.
Learn how you can get your first multi-unit rental so you can quit your day job using this simple but IDEAL blueprint here:
Here's The Link Again: app.100pfacade...
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I started English classes just to continue watching your videos, I'm starting in the real estate field in Houston and you're an inspiration to me.
Hard Money information starts at --> 4:27 (Just to go straight to the meat of the matter...)
Thank you.
thank you
appreciate it
Hero.
Thank you! Lol
Bro, you're the number one dude I'm really feeling out here dropping this knowledge. Just wholesale my first deal and I'm ready to go deep. I'm studying all your stuff relative to me
Congrats Louis! We greatly appreciate the feedback and will continue to provide real estate investing knowledge that fits your model.
I really enjoy your videos sir. I am I local investor in the Atlanta area and I have been seeking mentor ship. If videos have been delivering on all accounts. The best thing I Love about it videos is your optimism. And how you simplify everything. Keep up the great work. Hopefully we can do a future deal together in time. Best wishes
Video Editing has greatly improved. Glad to see you well Juan. 🙏
Thank you! We greatly appreciate your feedback.
Good information, I'm a Owner operator in trucking, wife has 7 years in apartment management. Thinking of buying units to fend me and her retirement. Awesome videos. Macon ga is were I think I will start, thank you for your info again.
Omar Anderson hey that's great congrats to you guys. I specialize in business and real estate financing myself. If you're looking to buy more trucks or equipment, or acquire property, please contact me at john@jdbkfunding.com. Thanks.
No Capital Gains tax if you do a 1031 Exchange..👍
Same thing I was thinking
Can you explain the 1031 tax strategy?
You have to have a new property in mind to purchase with the sale proceeds of another property.
They give you 45 days to find another property which shouldn’t be hard if you are always shopping for deals.
WHAT IS HARD MONEY?
Question is Answered at 4:27
You're welcome 😊
Tashyra Steed thx
Tashyra Steed.. Thx
Hard money is a private lender lending you money to acquire and fix up a distressed property. We offer a product called RELOC which is similar to hard money but better. I wish you much success and check out our website for additional resources www.100percentfinanced.com/.
Cut. Dry. To. The. Point.
Speaking real knowledge.
Not trying to sell crap. Just an OG spreading info.
Cool Anthony, thanks for your comments. Gotta spread info. Check our our website www.100percentfinanced.com/ for additional information and resources. Thanks again for viewing. If you haven't done so already, please subscribe.
Hi Juan, I'm new to hard money. Can't wait to learn more!
Hi Molly,Glad it was helpful! Being that you commented, here's some info on hard money: www.100pfacademy.com/mortgage-hard-money-app/
finally met Juan in person today thanks for all your videos
Great video! I’m still learning the ins and outs of REI. Buy and hold is my avenue for investing. Thank you for sharing your knowledge.
Glad it was helpful! Being that you commented, here's a bonus webinar on real estate investing so you can get passive income in your portfolio: www.multiunitincometraining.com/
"Inspect what you Expect"...yes!!!
I Speak affirmation all the time. I spoke out into the universe For a Mentor before I start investing and you pop up👃👃👃👃👃👃 I will be contacting your company soon. I greatly appreciate you my brother greatly appreciate your expertise.
I've been self-employed since 2008 owner operator in the trucking industry. I've been Trucking since 1997 self-employed since 2008 I'm burnt out with Trucking. Real estate investing something I've always wanted to do
Great; I'm glad I popped up. I say get started now. Hi, you can check out our funding options here: 100percentfinanced.com.
Great Video! You gave me nothing but 100 percent value!
Great Cindra! I'm glad you received value and thanks for watching!
Bro your right i like the blurrr method better. Good shit!
Thanks!
Good knowledge glad I ran into you. 🤩
Hi Everett,
Glad this video about Hard Money has helped you!
Ify you need further knowledge about this you can try these videos:
th-cam.com/video/btJENsXNsA0/w-d-xo.html
Also, if you interested in real estate investing, we would like to encourage you to watch our free real estate training webinar:
app.100pfacademy.com/free-webinar-1/
If you want to apply for business credit, kindly click on the link below:
app.100pfacademy.com/business-credit/
Hope these help!
Very helpful and informative. I'm impressed!
Thanks John, I'm glad you received value about HM. Did you check out our other funding? Hi, you can check out our funding options here: 100percentfinanced.com.
I always find the best TH-camrs for the topics I'm interested in and you sir are one of the best
Juan what if I am unable to find a buying after the hard money lender has given me money to fix and flip? Is there a chance that the lender could place a negative mark on my credit report or worse could he possibly take me to court and take my personal assets... bank account or home? What could possibly be the repercussions it I am unable to fullfil my end of the agreement? I also live in the Atlanta area. So how would the laws of hard money apply to me in the different scenarios that I have listed above? Thanks for the GREAT informative videos. Please up the good work. Also thanks in advance for addressing my questions as I am sure other viewers are wondering the same things. Nate...
It would be great if you connected with a member of our team and they would be able to answer any questions. You can click the link below to schedule a free consultation: info.100percentfinanced.com/free-consultation
What's good bro. This is Chris from Wynn bros. Spoke with Rashad & am getting things in order. Lookin to make this happen soon!!!
Hey Chris, glad to hear that! If you have any questions don't hesitate to contact Rashad.
Great information, being a former branch manager of a regional bank, You are a great coach!
Thanks John, we really work hard at bringing you all the best information possible. Be on the lookout for more real estate investing content.
What happened you got fired
Thanks JP. You clearly explained hard money. When you're back in ATL let us know!
RELOC? Is this the same as business credit? I got conditionally approved for business credit, and will be able to move forward with 100PF (very excited :) mid February. I just want to know if I'm applying for the same thing.
Hey awesome video. What were the numbers on the 42 unit? I want to know much I will need to get a similar deal with the MAP program.
So I’m assuming if you cash out refi, the bank you’re doing a refi with will be paying the hard money lender back? 🤔 Just trying to make sure I know what we’re talking about here.
Hi Vurcz, you're right. We have refi options at 100percentfinanced.com, so check it out.
Does a 720 credit score qualify a new investor with no properties for a RELOC ? If not what else is needed?
What’s up man, just wondering on the fix and rent method, would I be able to rent to a family member while I fix and flip to get that extra cash flow?
That sounds like a possibility; however, be careful when renting to a family member, for you'll have to see them at Thanksgiving every year lol.
Your right on that, might just have to put extra rum in the eggnog and bring some boxing gloves
What do you think of buying distressed property from a landbank program for people who are just getting started?
I prefer investors to start with yield plays over value plays. That way, it's a safer investment. Yield plays are properties with tenants already in them yielding cashflow. Value plays are distressed properties in which you have to put in a lot of work. If you're interested in learning more, visit www.100percentfinanced.com/
Great video man. Keep up grat work.. clothes look good. Stitch fix?
Thanks! Suit Supply
Hi Juan
How much equity is in 1 apt being fixed up in a multi family. I know you don't know exactly but is it that much to withdraw from? Do you take questions on a regular basis or can you refer me to someone or something to learn from. Thank you for the info.
Hi Barbara, I do take questions via the comments; however, I don't quite understand this question. Please elaborate and provide specifics.
As a new investor, how do you be precise with knowing exactly what you need to fix before asking hard money lenders for capital? Do you offer a letter of intent to the owner first and get an inspection before going to the hard lender?
Could we do a VIDEO on RELOC???
Hey Kwmane, we're looking to make a video on RELOC soon. For more information on RELOC visit our website. www.100percentfinanced.com/real-estate-line-of-credit
RELOC
build@LinesofCreditforRealEstate.com
Great Vid... Bro... very motivating....
Great; I'm glad you received value from this HM video. Hi, you can check out our funding options here: 100percentfinanced.com.
Would you still have to pay 20% down on the $30,000 purchase price?
Hi MyrealTV,
Thanks for your comment.
I understand that you would like to know if you still have to pay 20% down on the $30,000 purchase price. That's great.
I would love to connect you to one of our experts so they can answer these questions for you.
By the way, if you're interested in a mortgage, hard money loan, Low Documentation Mortgage, refinances, or Real Estate Line of Credit (RELOC) and/or have additional questions, please apply for the service, so we can let you know your options.
www.100pfacademy.com/mortgage-hard-money-app/
dude thank you for the info I very much appreciate it !! 👍🏻
Thanks Hector. If you're interested in business credit or our hard-money type of loan (RELOC), make sure you apply so we can share your options with you: www.100percentfinanced.com/business-credit-1
The hardest working man
Thank you, we really appreciate you tuning in.
So informative and easy to understand! Wow great video brother
Cool, thanks again for commenting Diana. I'm glad you gained understanding. If you'd like more, make sure you apply for our RELOC for the free consultation: www.100percentfinanced.com/real-estate-line-of-credit-1
Ghost really did make it in real estate
Hi Benjamin; you must be from Pittsburgh and know Brandon? I wish you much success and check out our website for additional resources www.100percentfinanced.com/.
Love seeing black brothers doing there thing nice very interested in all of it very informative video
Thanks Wayne! I wish you much success Sir. Check out our share hub for real estate resources: go to 100percentfinanced.com
Just answered my hard money concerns and questions! Great video...thanks man keep it up👍🏽
Thank you sir.
You're welcome. Thank you for tuning in.
we need to talk. I've been paying attention for over a year now.
That's great news! You can click the link below to schedule a free consultation with a member of our team. We look forward to connecting soon! info.100percentfinanced.com/free-consultation
You explained it sooo well.
Great information !
To avoid capital gains I believe you can move the money to buy another property or another investment.
Yes, Eugene - you can avoid capital gains via 1031 Exchange. By the way, If you're interested in getting started in real estate, please watch this webinar: How to Get Started in Real Estate Investing: events.genndi.com/register/818720503324746736/57f36ea4cf
What is you have credit of 600 and no money and bought a home cash
Great business 👊🏾💲💲💲investing💲💲💲
Hi Matthew, yes, investing is great! If you're interested in learning more about cashflow, check out our Cashflow Cycle webinar. www.100pfacademy.com/members-only/?_optimizemember_seeking%5Btype%5D=page&_optimizemember_seeking%5Bpage%5D=483&_optimizemember_seeking%5B_uri%5D=L21lbWJlcnNoaXAtaG9tZXBhZ2Uv&_optimizemember_req%5Btype%5D=level&_optimizemember_req%5Blevel%5D=0&_optimizemember_res%5Btype%5D=sys&optimizemember_seeking=page-483&optimizemember_level_req=0
Love this video! Well put together.
Thanks Nadia!
Gm Juan that 41 unit u got your client wat was the purchase price in down payment for that deal
So, from a practical stand point your looking at a distressed property value 50k (before fix up) or less when starting out?
It depends on the ARV. Hi, you can check out our funding options here: 100percentfinanced.com.
I love your content. I've learned so much from your videos.
I want to know more about 100PF.
Can we talk 1 on 1.
For the past year or so I've watched you teach, give and market your brand. We NEED to talk.
Educate me on ReLoc
Hey Cameron, we'd love to connect. Give us a call at 770-742-3949
@@100percentfinanced I will call when I leave work
Juan i'm joining next month 💪
Got to give it to Juan Pablo, he knows his shit! Good looking out bro.
I was just going to say that, if you reinvest then no capitol Gains Correct?
You got it. I wish you much success and check out our website for additional resources www.100percentfinanced.com/.
Super great video my brother.
Do you have any hard money lenders you recommend around Athens Georgia ?
Hi Ruthanne,
Thanks for reaching out.
I understand that you would like to know some hard money lenders around Athens, GA. That’s great.
I would love to connect you to one of our experts so they can answer this question for you.
By the way, if you're interested in a mortgage, hard money loan, Low Documentation Mortgage, refinances, or Real Estate Line of Credit (RELOC) and/or have additional questions, please apply for the service, so we can let you know your options.
Apply for a Mortgage here. www.100pfacademy.com/mortgage-hard-money-app/
By the way, we have a free webinar training we’d like you to attend. Please click on the link below to access the free real estate training.
Free Real Estate Training. bit.ly/37pbXcP
Thanks in advance.
Don't move to atl, move to vegas. I tried atl but like vegas better. Plus the real estate market is on the uptrend here. I am from new york
Before I get a Hard Money Loan is it Smarter to Build Business Credit First ? Or it doesn’t matter
It doesn't matter; in fact, you can do them both simultaneously. If interested, apply for business credit first: www.100percentfinanced.com/business-credit-1 . Afterwards, we can discuss our hard money options.
Skip to 5:00 to get to the meat and potatoes of the video
Awesome
Thanks Tonya for responding! I wish you much success and check out our website for additional resources www.100percentfinanced.com/.
What if you. Become upside down on the loan and the home doesn't sell for what it's worth? Also, do you need to make pay holding cost out of pocket yourself?
Hi, great comment. If you become upside down, you can see if you can extend the hard money loan or refinance into a conventional mortgage and hold it as a rental. Yes, you typically pay holding cost out of pocket. Learn more about our RELOC (similar to hard money) at 100percentfinanced.com.
came across your channel while looking up good credit live to see a black man talking about wealth
Do a reloc vid. What do you need to qualify for that?
Hey Mikey, we're looking to make a video on RELOC soon. To answer your question visit our website for more information on RELOC. www.100percentfinanced.com/real-estate-line-of-credit
id like to get involved with real estate perhaps flipping homes. How do i get a contractor thats not going to stiff me?
You have to screen them just like how you'll do anyone on your team.
Ok where is the music from?????????
lol, I think it's from Epidemic Sound. If you're interested in getting started in real estate, please watch this webinar: How to Get Started in Real Estate Investing: events.genndi.com/register/818720503324746736/57f36ea4cf
Thumbs up!
Thanks Nate!
Thx for the great content, but i have to say....S/o to the Videographer, n all the symmetrical compositions in these videos!!....
what u mean buy it right the arv has to be right?
Hi bufu bufu,
Thanks for reaching out.
I understand that would like a clarity with "buy it right the ARV has to be right. That’s great.
I would love to connect you to one of our experts so they can answer this question for you.
By the way, if you're interested in a mortgage, hard money loan, Low Documentation Mortgage, refinances, or Real Estate Line of Credit (RELOC) and/or have additional questions, please apply for the service, so we can let you know your options.
Apply for Low Doc here. www.100pfacademy.com/mortgage-hard-money-app/
Thanks in advance.
Love your energy
Thanks; I'm passionate about real estate and the People! I want you to get this info! I wish you much success and check out our website for additional resources www.100percentfinanced.com/.
thanks for the info & insights.!
can you do reloc if your a beginner juan in your map program?
Hey Tarquan, thanks for your interest in joining. To answer your question, you can do a RELOC if you have completed a deal in the last 24 months. Visit our website for more information. www.100percentfinanced.com/real-estate-line-of-credit
Awesome content! Might want to reach out to possibly meet in person. Looking for a mentor and just now getting into real estate investment.
Edgar Gonzalez I’m looking for a mentor also have you had any luck?
IS IT POSSIBLE TO GET A HARDMONEY LOAN FOR A DISTRESSED PROPERTY THEN REFI TO LIVE IN THE PROPERTY? AS OPPOSE TO USING A 203K LOAN?
Thank u sir
Is a RELOC the same as a HELOC?
Hi Tony, no they are two different things. If you'd like to learn more about our mortgage products, check us out here: www.100pfacademy.com/mortgage-hard-money-app/
100 Percent Financed thank you. I’ll check it out. Thank you.
Also what are the odds I will get qualified for hard money not doing any previous rehabs although I do have a construction background and business
It would be great if you connected with a member of our team and they would be able to answer any questions. You can click the link below to schedule a free consultation: info.100percentfinanced.com/free-consultation
🔥
You not boarding first class yet?
lovin da Vibes G 👊🎯✊✌✌💰💰💴💴💴💵💰💰 #LetsGo 😀
Cost of your mentor?
Hi Nam, we offer a DIY real estate program or we can do it for you. You can learn more at www.100percentfinanced.com/multi-unitaquisition
I wouldn’t be looking that fancy in that neighborhood
lol, it's cool to look fancy if you own several properties in the neighborhood. :Thanks for watching the video on HM. Hi, you can check out our funding options here: 100percentfinanced.com.
I heard hard money people like you to have some skin in the game though 🤔
That's true; however, that "skin in the game" can come from business credit. Learn more and receive a free consultation on your funding options at www.100percentfinanced.com/
How can we actually talk?
/
I’ve only found hard money lenders who want 20 percent down!
That's why he suggests getting business credit
IM FROM PITTSBURGH WE HAVE SOME JEMS HERE 😎💙🤐
Nice video man but once you click bait people they remember. Like insta click as soon as they see your face.
Thanks for the comment!
Do you offer internships ..
Hi Amy, not at the moment.
42 unit for a client wowwwwww
Yep! Our clients love our Multi-Unit Aquisition Program.
@@100percentfinanced I can't wait. To join
I hope it's more big units like that
If you have bitcoins, you can get a loan against them up to 2 000 000 dollars via Nexo Finance at 5.90% pa. Together with a mortgage this sounds a good deal when it comes to diversifying into real estate.
Good point; yes, real estate is the way to go (of course I'm biased being that I'm a real estate investor). If you're interested in getting started in real estate, please watch this webinar: How to Get Started in Real Estate Investing: events.genndi.com/register/818720503324746736/57f36ea4cf
NEVER USE HARD MONEY 💰 a FOOLPROOF way to go BROKE!!!!!! They will make more than you and you’re DOING the WORK!!!