Private Hard Money Lender in California, Texas and Arizona: June 2013

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Friday, June 28, 2013

Simplifying Hard Money Loans in Arizona

Money lending is a difficult business to really understand. Have you been trying desperately to understand all the jargon being used around you when you try to figure out money lending? We are here to help. We understand that money talk is difficult and it can be hard to understand and that can leave you feeling not only confused but upset and overwrought. Here’s what hard money lenders in Arizona are all about.
Hard money lending is a unique process because it is real estate backed instead of being
Hard Money Loan
Hard Money Loans Arizona
based on your income or financial past, so it doesn't matter what your credit looks like to a hard money lender in Arizona, that makes no difference. Usually, these loans are short term and tend to range anywhere from six to thirty-six months. A majority of the loans end up being even less time than that.
Usually, hard money lenders in Arizona is a loan only for property or real estate investments. That might sound a little limiting to you, but it actually is not. Hard money loans can be used for the purchase of your dream home, for an investment in a “fix and flip” project, or for a residential property investment. These are funded relatively easily and quickly as well. That means that you can get your money and get on with life in a timely manner.

How to snag that Hard Money Lenders in Arizona

The hard money lenders in Arizona want you to succeed. Just know that with any money lending institution, you need to be careful. You can’t trust anyone so you need to make sure you do all your research and have all your finances in order. You can’t trust just anyone. Know what you are getting yourself into by knowing the estimated value of the purchase you want to make and come up with a ball park figure of what amount of money you think will be lent to you. Do not ask for more money than you actually need. That would be a huge mistake.

Also remember that hard money lenders in Arizona are going to charge you a bit more interest than a regular loan, but keep in mind that a hard money loan is a significant risk on their part because they are lending to you without pay stubs, tax information, or any knowledge of your financial past.

If you feel that you may not be able to qualify for a traditional mortgage loan, maybe it is time to look into hard money loans.

Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Is Arizona Hard Money Really “Hard”?

You might be new to the term “hard money” and it might sound a little intimidating. Don’t let this scare you. It really isn’t, even though ‘hard money’ sounds a lot harsher than ‘soft money.’
In the world of loans, you may have figured out already that there is soft money and hard
hard money lenders Arizona
hard money lenders Arizona
money. Without going into extensive detail, let’s just say the two are very different. One thing that is different is that Arizona hard money is based upon hard assets and not credit score or credit history. In all aspects, hard money is essentially the easiest loan for you to get approved for.
Remember that Arizona hard money loans are equity-based, not credit based, so it’s about the assets, not your credit, income, or financial history. It doesn’t matter how bad your credit is. Usually. However, some hard money lenders are going to want more information about you, just to make sure you can repay the loan, however, for the most part, they are more interested in the property you are looking to buy, not your history.
What Kind of Arizona Hard Money Loan is Right For Me?
There are a few different types of Arizona hard money loans. Of course, the first is a commercial hard money loans. This is for, as you might have guessed, commercial properties, not personal properties.
The second type of loan is a business hard money loan. This is where the loan is based upon the hard assets of a business such as accounts receivables or cash flows. Again, not about credit.
The other (and perhaps most common) is a residential hard money loan. These Arizona hard money loans are usually for individuals or families looking to fix up a property or purchase their dream home.
Please remember that an Arizona hard money loan is not a signature loan, or rather, it is not a loan without any assets whatsoever that’s based on credit score, work history, income, etc. If you’re looking for a signature loan, talk to your bank about that because that is not what hard money loans are. The whole purpose of a hard money loan is asking for a loan based on the property you are looking to invest in and getting that loan in a timely manner.

Talk to your nearest Arizona hard money representative to see if you qualify for this type of real estate loan today!

Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Do you want a reasonable rate from a hard money lender in Arizona?

Hard money loans are great, but if you are doing your research, you know that their interest rates are high. This could be a definite turn off for you, but don’t let this deter you if you struggling and need the money. Just remember that getting a loan from a hard money lenders in Arizona is entirely different than getting a loan from a conventional lending institution.

There are no low interest rates in an Arizona hard money loan unfortunately. You may as why, so let us tell you; while Hard money lenders in Arizona do want to lend to you, you do have to keep in mind that they are taking a significant risk in doing so because they do not base their decision on your credit or ability to pay. It’s true, you can have absolutely terrible credit and still get a hard money loan. However, you will never see yourself get a hard money loan with a 3% interest rate. Ever. That is said without hesitation. Hard money loans are mainly short term and contain higher interest rates. The typical loan is anywhere from three to nine months—never the 30 year traditional mortgage. 
Don’t Let This Discourage You! You can still get a loan from a Hard Money Lender in Arizona!
It is true that the entire loan process is entirely exhausting and frustrating process. However, if you do everything correctly and see it to the end, you can be rewarded with a loan so you can keep your house or your property and your peace of mind. You don’t have to let the higher interest rates deter you from pursuing a loan, but do keep in mind that you don’t pay all that much in interest because the length of the loan is so incredibly short. This doesn't make a hard money loan any better than a soft money loan or vice/versa. You just won’t be spending tens of thousands of dollars on interest with hard money. Comparing the two types of loans is like comparing apples and oranges—just plain different. For the most part, hard money lenders in Arizona will likely not be offering you single digit interest rates. That can be a harsh reality to face, but it’s good to know.

Hard money lenders in Arizona tend to lower the interest rates for experienced investors, so if you’re new to the game, you may just want to hang in there for a while and feel it out and do your research!

Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Never Get turned down by Hard Money Lenders in Arizona

Do your research so that you never have to be turned down by a hard money lender in Arizona again.

While getting approved should not be a problem with a hard money loan since loans are based off of equity and not by your credit or credit history as it is with a bank loan, there could be some trouble getting approved. This can be very upsetting, but please don’t give up. There are ways for you to adjust your approach and get the money you need.
Make sure you do a few things that could help you get approved the next time you look into a hard money loan in Arizona. First, you need to keep your deals at our below 65% LTV. That means that you are not asking for an amount that is more than 65% of your property’s value. But, that’s just the start. There is a lot that goes into hard money lenders in Arizona and their decision to help you out.
So, while it is important to keep that LTV at a reasonable amount, keep in mind that many lending institutions send out evaluators and appraisers to inspect properties on their own terms. They can do that because it is a private lender and not a bank. Don’t take it too personally. It’s not that they don’t trust you or your appraiser’s judgment, they often just need to see it for themselves before making their decisions.

Are you still getting rejected by Arizona hard money lenders in Arizona? Here are some reasons why that might be:

It can be upsetting to be turned down by a harsh money lender when you’re in a circumstance that seems terrible and never ending. However, they are doing their best to try to work with you. These hard money lenders in Arizona want to help you! It is just that they have to protect themselves as well.
It could be that you want money for a property in a shady or sketchy neighborhood. This is one thing hard money lenders in Arizona tend to shy away from and you will sometimes see this when you want money to fix and flip houses.
Remember that several factors are taken into account when assessing a neighborhood: crime rates, cleanliness, the real estate market in that area, percentage of ownership vs. rental, etc. This means you shouldn't plan on getting a large loan to fix up a mansion in the ghetto. It just won’t work.
Why not? Well, because Hard money lenders in Arizona want to see a return on their investment. That’s why they’re in the business in the first place; makes sense, doesn't it? The funds available for these loans come from private investors looking to make a profit on the money they aren't needing at the time. They need to know you can pay; if you can’t, you may not get approved.

Hard money lenders in Arizona are there to help you out, so understand their risk, do your research, and keep pursuing your loan until it works out.

Know Before you Borrow Arizona Hard Money

Try not to jump directly into an Arizona hard money loan even if it does sound tempting. We know that you might be in a desperate situation and in dire need to get some money for your home. However, as with any other investment dealing with a large amount of money, there are a few things you need to know before pursuing the loan.
An Arizona hard money loans is a great way to get quick money for a short term, and they can even be quite profitable for those borrowing the money. You may not know that usually, hard money loans are for residential or commercial properties, but can also be used for fix and flip projects and other real estate investments. Here are a few things to keep in mind before you pursue hard money:

Five Things to Think about with Arizona Hard Money

1. Be ready to negotiate. Research and understand what you are getting into. Then research every dollar, every penny, of the loan before you sign the agreement. There is a reason hard money lenders don’t post flat interest rates on their site—these loans are negotiable and no two loans are alike! Make sure to have all your papers in order and negotiate in a reasonable manner so that you can get the best deal for you and they can get the best deal for them.
2.  Before you borrow, shop around. Like buying a new pair of shoes, remember that you need to shop around. You definitely need to do your research before borrowing Arizona hard money. Don’t just push forward with the first lending institution you call. They may not be right for you. Explain your financial situation to a few lenders and see what they are willing to do for you. Find a lender with a good reputation!
3. Consult with professionals. While you can often feel at ease in the hands of an Arizona hard money lender, I would suggest consulting with more experts and people than that. Remember, lenders are in this business to make a profit, you need to know what kind of person you are dealing with, so make sure to seek out someone who is objective and eager to help you plead your case. An attorney or real estate agent can help you find lower interest rates.
4. Only borrow what you need! It can be tempting to ask for more than what you need to help you with some of your other bills. This can be a bad idea! You will always regret it in the long run if you have to struggle to pay bac the loan. More money results in more spending and more debt. Calculate the numbers, know what you need, and stick with it.
5.  Be honest with the loan officer. But, also remember that they are making a profit from you, so protect yourself. Don’t lie your way into a loan, however, that could lead to big, big problems for you down the line. Most Arizona hard money lenders are willing to work with you, so share your financial information with them and try to get the lowest rates.

Hard money is a great way to get money for property and real estate quickly, easily, and efficiently.

Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Financial Worries in these hard times might mean you should talk to an Arizona hard money lender

You can get your big money with hard money lenders in Arizona.

There are thousands of Americans who are struggling to make payments on their mortgages. This can cause a lot of stress and heartache for people who already work hard and try their best. Remember it is not your fault. These are difficult times.  However, there is good news for you. You can attain a loan of money to help you get back on your feet with hard money lenders in Arizona. Even as you read this, there are many lenders in Arizona just waiting to hear from you and help you get your feet back on the ground! They understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.
Hard money or “private money” is much different than soft money. Unlike soft money, this
Arizona Hard Money
Arizona Hard Money
type of loan is comes from private sources such as a private investor's personal funds, pension plans, and other non-traditional sources. Possibly the best thing about hard money lenders in Arizona, however, is that they don’t base your qualifications of getting a loan by your credit score or credit history, but instead by the value of your equity.

You should definitely take advantage of hard money lenders in Arizona and apply today for a loan.

Don’t wait around. If you are currently having financial difficulties, then you should call immediately and get your head out of this water. Hard money lenders in Arizona wants to help you. The process of being approved for a loan is rather simple. Just make sure to have your financial records handy. All you have to do is the following:
1-      Call a hard money lender in your local area and explain to them your intentions.
2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.
3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.
4-      After you have that taken care of, you will have your loan within a time period of 24 hours.
See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.
Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

How to get money for your new home through hard money lenders in Arizona.

America is struggling. If you happen to be one of the thousands of Americans who are struggling to make payments for your mortgage, don’t stress! Try not to let your home go. Your financial stress is not your fault. Things happen. That’s part of life. However, if you are struggling, there could be some good news for you. Getting money for your home could be easier with the help of a hard money lenders in Arizona. With this hard money loan, you can get yourself back up, feel better, and keep your house. There are a slew of lenders in Arizona that are waiting to hear from you and help you! These Arizona hard money lenders understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.
hard money lending arizona
hard money lending arizona
You may be confused by what exactly a hard money or “private money” loan is. This is a type of loan is derived from a private source or private investor’s personal funds, pension plans, and other non-traditional sources. The other great thing about  hard money lenders in Arizona is that they don’t base your qualifications of getting a loan by your credit score/history, but by the value of your equity. So you can rest a little easier.

Take advantage of hard money lenders in Arizona and apply today for a loan.

Going through a financial struggle can be scary and upsetting. But believe us when we say that if you are going through a financially difficult time, there is a way out of it. You must never give up! Hard money lenders in Arizona won’t let you! And really, the sooner you call, the sooner you will have a loan. The process for obtaining a loan and being approved is only twenty-four hours total. That’s a lot faster than any bank! All you have to do is make sure you have your financial records handy and follow these steps:
1-      Call a hard money lender in your local area and explain to them your intentions.
2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.
3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.
4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

Private Hard Money Lender in Arizona
Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-444

What should you know about Arizona hard money loans?

What should you know about Arizona hard money loans?

You may already know the difference between soft money and hard money. Soft money is an easier loan to obtain than an Arizona hard money loan because hard money is typically private money and that tends to come from less traditional areas, such as a private investor, whereas soft money is merely the opposite. With Arizona hard money, you are paying for the ability to get a loan based on the property itself, which your lender will come by and inspect before giving you the loan. Arizona hard money lenders are making loans to people based on properties that a bank would never consider lending money to because they believe in you. Additionally, remember that with a hard money loan, you are paying for money in a timely manner. If you need to close a property in any time between a week to two weeks, you will need that money fast. An Arizona hard lender knows that.  Your bank could never lend
Hard money lenders Arizona
Hard money lenders Arizona
that fast- if you were even approved.

What to know about Arizona Hard Money Loans -It isn't cheap!

Arizona Hard Money Lenders generally allow Real Estate Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). But don’t get too excited. Before you consider any particular lender in Arizona, make sure that you become familiar with their terms and rates and conditions. There are some things you will have to contribute money to; closing costs and of course, the ability to pay your debt monthly.  Moreover, a lot of these loans are asset-based loans. However, there are a growing number of Hard Money Lenders looking at your credit score. The main reason being that lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for.  It makes sense now that lenders would want to know up front if paying back the loan would be a problem.

Remember to do some more research on Arizona hard money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.

Private Hard Money Lender in Arizona
Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Thursday, June 27, 2013

Want to get your hard money Arizona loan approved? Read on!

Here’s what you need to know about getting your hard money loan Arizona approved.

Finances can be hard and they can be complicated and above all, really frustrating. Traditional banks don’t understand or care about financial problems that you’ve had when you’re filing for a loan. Or, perhaps we should say, they care too much. That’s where hard money loans come in for when you find the dream house or business property that you really believe in.
We hope you will be more confident with your vocabulary of hard money loans after reading this article. If you are looking to purchase your dream home or property but don’t know how to do it, look no further than a hard money loan Arizona.  Hard money loan Arizona is fair to all those who reside in Arizona and presents opportunities to those who are in search of a hard money loan.
First, you need to find a lender near you. It is imperative you get to know the terms and rates of the hard money loan Arizona lender you are looking at. You have to absolutely make sure that you know what is available to you, how much you will need to put in the deal out of pocket, the maximum loan to values and the cost of the money.
hard money loan Arizona has a lot of potential but you absolutely need to know the process before you begin.
Most hard money lenders are conservative in their values to ensure their money is safe and with the right person who knows what they’re doing with their property. That means, you will want to find a good piece of property and get together a good plan in order to get a good deal from your hard money Arizona lender. All lenders generally do their own property value method to determine the value of the property. Do not try to trick your lender into thinking the property is worth more when you negotiate with them.

In thirty minutes, if the property is good, then hard money lenders Arizona will have you up and running with a loan for your dream property in no time.

Private Hard Money Lender in Arizona
Big Daddy Dennis
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

If you have the perfect piece of property to build your dream house on, get yourself a hard money loan.

Have you found the perfect place for a home you’re your family can grow in, but you don’t have the money? Then an hard money Arizona loan might be the best thing that ever happened to you.

If you are looking for a piece of property for the intent of building your own beautiful home, but you don’t have the money, then look to hard money Arizona for the loan that could build your dream home. Remember that there are a lot of different hard money Arizona lenders out there and you should know some basics before you dig into a search for your new loan to build your new house. Know these things so you can take advantage of them.
In order to get the hard money Arizona loan for the property you have found, remember that each hard money lender will have one fo their specialists evaluate that property space with their own methods to determine the value. This loan is not based on credit at all!
You do need to make sure you do your work, too, however. Come prepared with a proof of funds list if you can, financial documents, and spreadsheets that provide details on the property. The more information for the hard money lender Arizona you have, the more likely you will receive the money you need. Hard money Arizona lenders are professionals who know the real estate business really well. That’s why they can give you the best loans that a bank simply cannot.

Make sure, however, to keep in mind just how many this loan will cost you and what profit you will make. Getting a loan is enough of a challenge, so make sure you are totally prepared.

In your spreadsheet, make sure to keep in mind to include all of the following costs: Purchase price, Rehab costs, monthly debt payments, points, title fees, Realtor fees, attorney fees, recording fees, property taxes, and insurance fees. These should be all costs that relate with your deal.

Hard money Arizona has its advantages. As long as you are smart with your choices and decisions, and come prepared, you will be happy with the end result.
Private Hard Money Lender in Arizona
Big Daddy Dennis
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

What every person should know about hard money loans

What do you know about Arizona hard money loans? Not that much? It’s time you learned!

To start, Arizona Hard Money Lenders generally allow Real Estate Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). This is without any credit or credit history checks, so don’t worry if you've been slacking a little, this will not effect your loan.
However, please note that before you consider any particular lender in Arizona, you really should be sure to be familiar with their terms and rates so you don’t have any trouble when you do get that loan you deserve for your dream house or business property. Obviously you will need to contribute by paying the closing costs and the ability to service the debt monthly.
Unlike banks, most of these loans are asset-based loans, not credit. However, while there is a growing trend of Hard Money Lenders looking at your credit score. You may wonder why this works out the way it does. We are here to tell you about the hard money lenders Arizona and that main reason is that lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for. So now lenders want to know if you can’t pay the loan off in this time period.
Please note, however, the difference between soft money and hard money. Soft money,a s the name might hint, is easier to obtain than hard money for several reasons. Hard money is typically private money and this loan comes from less traditional forms, whereas soft money is merely the opposite. With Arizona hard money, you are paying for the ability to get a loan based on the property itself.
Arizona hard money lenders are making loans to people and on properties that bank would never consider lending money to! It’s a really great thing. Moreover, you are also paying for speed! If you have a property you need to close in 7, 10, 14 days – do you think your bank would meet those times for a conventional loan? You are paying for the availability of funds in a short time frame so that you can have the home or property you love.
Remember to do some more research on Arizona hard money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.
Private Hard Money Lender in Arizona
Big Daddy Dennis
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Need a loan? Hard Money Arizona is the way to go!

Not everyone’s credit is fantastic. Sometimes bills slip through the cracks by accident… sometimes on purpose if you can’t always pay them. Does this sound like you? Is your credit score or history horrendous? That could make getting a loan difficult. However, this is only so if you go through a traditional bank. Instead, put your trust into hard money loans Arizona. With hard money loans Arizona there is absolutely no need to worry.
You are not alone. There are many people, like you, who have the same credit issues. We are going through a tough time!
You may have heard of the term hard money. It may even strike you similar if you have heard of “Private Money” or “Equity Loans.” These types of loans are unlike your typical loan from the more traditional route of a bank. Instead, these loans are loans that spring from private sources such as investor's personal funds, pension plans and other non-traditional sources for your new home, business, or commercial property. Arizona hard money lenders are available to help.
You could qualify for a loan. If you do, then you have the luxury of receiving your money within 24 hours from a hard money loan. This really makes it convenient for you so you can get started on building your home or project you have been planning for ever since you can remember.

Hard money Arizona is in your grasp! Here is how you can get one.

Having bad credit doesn't matter when it comes to your hard money loan. Hard money Arizona  is a fast, twenty-four hour easy turnaround and easy  process for attaining a loan. All you have to do is search for the closest hard money Arizona lender by you. Then begin your process. You will see how easy it is! The lender simply get to know you, ask you some questions, then come out for an evaluation of your property. It’s that simple!

When the lender has all the information they need, they tell you within thirty minutes if the loan is yours. That’s it! Just thirty minutes. No waiting games. No time wasted.
The faster you call, the faster you will have money in your hands.
Private Hard Money Lender in Arizona
Big Daddy Dennis
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

It isn’t too hard to get a great loan at up to 70 percent.

How do you get a great loan at up to 70 percent? That’s easy - get a hard money loan.

Just search for hard money Arizona loans.

Do you qualify for a hard money loan?

Maybe. Hard money lenders usually give our loans for the following reasons:
  • You are building a new home
  • You are in the rehab or fix/flip business
  • You need short term financing
  • Your credit is not so hot
  • You are building a new office
  • You are building commercial property.

But why a hard money loan? Why not a traditional bank loan?

Traditional bank loans are time consuming and a vast majority of the people who apply to one get turned down because bank loans are given out based on credit rating and your history. Hard money loans are not.
Arizona Hard Money
Arizona Hard Money
Hard money loans are from individuals with cash on hand, not banks, and based instead on several factors, none of which are credit based. The justification of lending you a loan is actually based on your equity and still not credit. Hard money loans Arizona is an easy way to attain money fast and quick. No credit required, which is nice in this day and age. With a loan that is based almost entirely on home and property and the project at hand, you can feel a little better and rest a little easier.
Want a hard money loan in Arizona? Just Google it! The rest is easy. Hard money lenders are in your area right now and just waiting to assist you with the loan you need to grow your business. Simply type hard money loans Arizona into an internet search and you will have everything you need to get a hard money loan in Arizona right at your fingertips.
To get the loan, contact the lender and give them your basic information, then the lender will come to the property to evaluate it and have you sign some documentation about your financial records. The hard money lender will go into action quickly. They are fast and will have an answer for you within thirty minutes. If you qualify for the loan, you can usually get it within 24 hours. It is that fast! 

Getting a Hard money loan in Arizona is simple! If you struggle with a bad credit score, don’t worry anymore. You can get a hard money loan and get everything you need to get that home or property you always dreamed of. 


Private Hard Money Lender in Arizona
Big Daddy Dennis
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Wednesday, June 26, 2013

GET OUT OF DEBT NOW! The Inflation is coming!

Get out of debt and get rid of the credit cards! Pay them off. Dennis Dahlberg is Level 4 Funding’s General Manager Hard Money Lender and he predicts inflation is making a come back. He stresses to make purchases, but only if you have the cash. Do not get into any debt! And if you are in debt, start trying to make your way out.
However, don’t start to think that one way of getting out of debt is to let your house go. Have you considered loan modification such as HAPR 2? It’s possible! Try it out.
If you let the bank foreclose and you do ‘bail out,’ remember that you will not be able to purchase a home for 5-7 years, maybe even never again because inflation will come back.
That means that the value of the dollar will and will drop and it will drop dramatically. This could this change maybe… like maybe if America chooses to cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%? But Dahlberg doesn’t think this will happen. Instead, Dahlberg the amount of debt in the USA will continue to grow. He believes you should hang on to your house if you can. Otherwise, in 5-7 years, you can see the cost of bread rise to $10, Gasoline to $25/gallon, and the average starter home price will be $600,000.
Dahlberg also encourages people to start a side business for the potential tax advantage and the possible income it could provide. He explains that your own side business is the LAST area the government has yet to attack. Make it simple and get going. An extra $400 per month really helps.
Dahlberg says he has spoken to a lot of people who feel that they can ‘let their home go and rent for awhile’. Why not, they say, as rental rates are lower than their mortgage rates. ‘We can save a lot of money by renting vs. paying the mortgage, and in 2 years we can purchase again and have a good down payment.’ You might say.
Maybe. But as we said before, it’s actually going to be 5-7 years before your credit report looks good enough to purchase a home again. And can you really save the money? Most people will spend the money on silly things. If hyper-inflation hits, like some economists predict, then you’ll be priced out of the market. Do you want to take the chance? Keep your home, do a HARP 2 loan modification, and hang on – the next 5-7 years are going to be enjoyable.
Dennis Dahlberg is General Manager of Level 4 Funding, with many years of flipping and fixing real estate experience. He knows what he’s talking about.

Is There Going to be a New Boom in the Phoenix Real Estate Market?

The inventory is too low and there are not enough buyers in the Phoenix Real Estate Market- this means that the Phoenix Real Estate Market is on the verge of a new boom in real estate values.
Dennis Dahlberg is Level 4 Funding’s General Manager Hard Money Lender and he predicts, "This boom is going to be different.” He goes on to say, "The last boom was fueled on greed of the consumer; this time it's going to be a supply problem. Over the past 6 years there was little construction or movement of dirt, leaving the Phoenix housing market starving for new homes. Additionally, home values are raising dramatically, and once the current home owners get above water (have equity) they are going to want to move up. We're going to have a trifecta or the perfect storm-no homes, pent-up demand, and record low interest rates. And if you throw a little inflation on top of the mix - watch out! Bam! its going to be a wild ride - a wild west ride!"
With the low inventory and way too many buyers, the market is lopsided and Dahlberg believes the Phoenix Real Estate Market is on the verge of a new boom in real estate values. Dahlberg has many years of flipping and fixing real estate experience so he has a very good grasp of the Phoenix Real Estate Market.
These findings are based on the data provided by S&P Case Shuller, the bottom is over and we are moving up again and this time it's going to be even bigger! (For a high resolution  [click here  Real Estate Values])
It appears the real estate market in the Phoenix area is heading up. But now some questions rise: Is it time to buy real estate again? How long will it take to come back to normal? Should I get out of the market and wait? These are not the easiest questions to answer but Dennis makes these recommendations:
-- Phoenix home values will not return to the trend line for another 1-2 years. Latest trend shows Phoenix back to the highs starting July 2014!
-- These upturn in values are due not to greed but instead to LACK OF INVENTORY AND RECORD LOW INTEREST RATES.
-- Keep your home if you can. Do whatever it takes to keep the current home. Once inflation hits, it could be difficult to get another.
-- Have you considered loan modification such as HAPR 2? It’s possible! Try it out.
If you do ‘bail out’ and you let the bank foreclose, you will not be able to purchase a home for 5-7 years, maybe even never again because inflation will come back. That means that the value of the dollar will and will drop dramatically. Could this change if America chooses to cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%? Sure, but I don't think this will happen. Instead, the amount of debt in the USA will continue to grow. The amount is very frightening. So hang on to your house if you can. Otherwise, in 5-7 years, you can see the cost of bread rise to $10, Gasoline to $25/gallon, and the average starter home price will be $600,000.