Time Counts

Pick up the speed. After the first jump comes, the longest set of mogul’s begin. During this time contender’s focus on keeping their knees close together and increasing the speed without losing control. This is a difficult balance of control and lack of control.

When you are in the middle of your rehab you need to pick up the speed. You also need to keep things under control. Time is a Gold medal when it comes to Mogul Free Style skiing just like Time is Money when it comes to a Rehab and Retail Investment. Too many investors act like they have all the time in the world. You should have guys on top of guys in the home working. I can have an entire home completed in 30 days. Our average basic rehab takes 2 weeks. Our more detailed takes 30 days and on some occasions 45 days. Every day costs you money.

We set a completion deadline for all of our repair guys from carpet to paint and everything in-between. I like to give my repair guys a bonus for getting properties done before schedule. So we all agree on the completion deadline. I then look at the cost of my hard money per day. I then give 25% of my per day cost as a bonus if 100% of the property is completed in that time frame. And I mean 100% of my contracts say no leaky faucets, no loose screws, no door handles or cover plates off, 100% complete. In model home ready condition. If they go over the deadline they pay 50% of my per day hard money cost. For example if the per day hard money cost is $100. Then I give them a $25 per day bonus for early completion and a $50 per day penalty for not getting the work done. Why is there a difference? Because we all agreed on what the completion deadline can be. So anything before that is really a gift to the workers. Anything after that is really a cost to you as the investor.

Pick up the speed, time will cost you Gold in your pocket just like the lack of speed can cost a Mogul Freestyle skier a gold medal.

Choose your Trick Wisely

Air only counts for 25% of your score. So if you do too big of a trick and don’t land it then you lose. It is really that simple, and really that harsh. However if you don’t do a decent trick you can lose it as well. Choosing the right trick based upon your situation, the conditions, what the other competitors are doing is essential to being a successful Mogul Free Style Skier.

We see too many real estate investors fixing up homes as if they want to live in the home. Meaning they make changes to the home as if they are the owner. Making things to personalised, doing dark accent walls that some people may like and others may hate. Or doing cabinet and counter top choices that some people will love and others will hate.

You need to pick your tricks wisely. When completing a rehab and retail we frequently see too many people doing too much to the property. When you put a property under contract go look at some of the homes that are currently on the market on the same street. With those homes you will know if Granite counter tops are standard in the area or if you can just use laminate. You will know if you have to get upgraded appliances or if lower end appliances or even used appliances will work and many many more. I recommend that you do what is standard in the area and then I like to throw in a little something extra. For example if every home in the area has vinyl floors I like to do tile in the kitchen, or maybe do nicer carpet than everything else in the area. So for each house I recommend that you do something to bring some sizzle than all the other homes.

The Key is to have your home the nicest. I think this is accomplished by having new carpet, new paint, and everything clean and working and then to add a little sizzle, one thing that you do extra to spice up the home. Choose your tricks wisely; if you over do it you lose, if you don’t do enough you lose. Knowing the other homes for sale will tell you what you are competing with. If you know what tricks your competitors are throwing in you will know what type of tricks you need to do to win the Gold!

Do Hard Money.com compared to other lenders

As Do Hard Money has been expanding into additional states we have been met with some resistance from other Hard Money Lenders. These lenders have criticized Do Hard Money lending practices as “irresponsible lending”, or “not the norm” other have criticized that Do Hard Money is “adding to the problems this country is facing” .

At the end of the day we take all of these criticism as complements. First off not one of the criticisms comes from borrowers; they all come from other hard money lenders. The root of the problem the other Hard Money Lenders have is that we will do financing with no money down from the borrower. Secondly that we do not require any monthly payments. Our company was built by real estate investor’s not retired bankers and people from the financial sector. We realize that equity in a property you are purchasing has value just like cash. We also realize that rehab and retail investors run into problems and challenges along the way so not having to make payments are a major benefit. In addition many rehab and retail investors get so into the project they forget what day of the month it is because they are working round the clock.

We are not aware of any other Hard Money Lender that offers what Do Hard Money.com does for investors. I am sure that is why we are causing such a stir for other Hard Money Lenders. We are different! We are not the Norm and we will never be.

The Truth is that Markets go down and Markets go up. I just want the markets to move, because movement creates opportunity<--->

How Real Estate Investors are Helping the Economy

We want to help our borrowers earn $26,000,000 in profit by December 31, 2012. When we say profit we mean NET not gross. In doing that Do Hard Money.com is providing financing on properties that no one else will finance. There are 11 catagories that are helped by an Investor doing a Rehab and Retail investment. Over the next few days we would like to talk about each one of them

1. The Bank or Pervious Owner

The Bank or owner is in financial distrees. The sell puts much needed capital back into the bank or owner so they can be more solid financially in there company or household.