Learn To Be A Fix & Flip Investor: california hard money loans

Showing posts with label california hard money loans. Show all posts

Monday, August 29, 2016

Budgeting is Key

The first piece of advice that most flipping experts give: Make a budget. While finding the perfect place and knowing your skill set (or having friends with skill sets) is important, budgeting is where new flippers most often fail. So where to start? First, get financing. This step was fairly easy when subprime mortgages like the ones at California Hard Money lenders were hot. These mortgages allowed buyers to pay little or no down payment. In exchange, they were socked with higher interest rates -- but when you're planning on owning the house for only a few months, that's a minor issue, and California Hard Money lenders can be a quick fix. When the market is flat, however, obtaining a mortgage for an investment property is more difficult, and sky-high interest rates empty investors' wallets when a property sits on the market. As a result, cash plays a much bigger role in getting that flip started. The bigger the down payment you can afford, the lower the interest rate. And, of course, it helps to have cash around for fixing up the flip. If you're planning to buy a new-construction home, budgeting can be simple. It's just like buying a home you actually plan to live in -- you need to cover the mortgage, insurance, taxes, real-estate agent and lawyer's fees, and that's about it. However, in a softening market, the supply of houses is much greater than demand, so you may own that property for longer than you plan to.

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Budgeting is Key

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Fixer Uppers and Foreclosures

Fixer-uppers and foreclosures are what most people think of when flipping comes to mind. But it is possible to flip a house without doing any work on it at all. During the real-estate boom of the early to mid-2000s, flippers could buy new construction homes, hold on to them for a few months, then sell them at a profit. Now there's a trend toward trying to flip houses in new, high-end developments in outlying suburbs. If commercial and retail development. like big-box superstores, spring up, it could bring in droves of residents. But if the situation isn't perfect -- if gas prices rise, for example, causing home buyers to shy away from big commutes -- this kind of flipping becomes pretty risky.

So why do people flip houses? And what does the average buyer -- and seller -- need to know about flipping before investing? How much money can be made by flipping a house? And what kind of moral line do you walk by paying bottom dollar to people who have lost their homes? We'll address all of these issues as we investigate the art of house flipping.

If you watch home-and-garden cable channels, it looks like everyone is flipping houses, especially in California. "Flip This House" and "Flipping Out" are just a couple of the many cable offerings that sing the praises of buying a house and quickly selling it at a substantially higher price. With this many California Hard Money lenders have been popping up as well, but house-flipping is more like a basic investing lesson: Buy low, sell high regardless of what California Hard Money lender you go with. You want to find a property that is undervalued or in just bad enough shape that you can invest minimal time and money in it before selling it. There are people who have made careers out of buying distressed properties and quickly turning them around for a profit. However, in a real-estate bust, things aren't quite so easy.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Sunday, August 28, 2016

How to choose a Home

You’ve heard of “analysis paralysis?” It’s a disease for many would-be investors. While you don’t want to dive in blindly, if you have done your homework and have found a good deal, at some point you have to just go for it. If you can’t seem to take the plunge, ask financial advisors, like the ones at Hard Money Lenders California to help you make progress. Get involved with your local real estate investment club, or find an investor who can act as a sounding board. House flipping is, essentially, buying a house or property with the intent to sell it for a profit. These are the kinds of deals California Hard Money lenders are here for. But the logistics can get pretty complicated. There are a lot of decisions to make from the beginning. Where should you buy? If you purchase a house in an up-and-coming neighborhood, you're banking on the neighborhood increasing in value. If you decide to buy in a new development, you'll want to attract higher-end home buyers who want the luxury features and space offered in the suburbs. If all goes well, you could make a nice profit. But if something goes wrong -- faulty budgeting, timing issues, a crime spike in that up-and-coming neighborhood -- you could be stuck with a house you can't get rid of. So much in house-flipping depends on the real-estate market, which we all know is cyclical. During a boom, flippers have the upper hand and can almost name their price in some areas. But during a slow period, many of these fixed-up homes can sit on the market for months. Once you know where you want to buy, the next step is deciding what type of property you want to purchase. If you go for a fixer-upper, you're committing to improving the home, which takes time and money. If you buy a foreclosed property in an auction or from a bank, you could get a bargain on a vastly underpriced house. But remember that if the previous owners couldn't pay the mortgage, they probably couldn't pay for the upkeep, either -- so you might have to deal with a rodent infestation or a leaky roof.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Steps to Get Approved For an Investment Property

1. Gather your paperwork. Be prepared to provide copies of: two month’s worth of your bank statements, investment account, and retirement account statements (all pages; not Internet statements); the last two pay stubs if you have a regular paycheck job; driver’s license and Social Security card; and bankruptcy, divorce or separation papers, if applicable. If you are self-employed, you may be asked for some or all of the following: business license or occupational license, letter from your CPA establishing two years’ self-employment, last two year’s tax returns, business bank statements, and/or business financial statements.

2. Assemble your team. You will want an accountant who understands investment property tax strategies; a realtor or real estate attorney who can help you make sure you use the properly worded contract and include the right contingencies; a mortgage professional with experience in investment properties; an attorney who understands asset protection to help you form the right structure for holding your investment property (often a limited liability company or LLC); and an experienced insurance agent. I strongly believe all of these professionals should invest in real estate themselves since investment property transactions have special nuances. Advisors with investment property experience can help identify potential problems before they happen. One of the big ones: holding investment property in your own name, warns Rich Dad Advisor Garrett Sutton, an attorney and author of Own Your Own Corporation (Warner) How to Use Limited Liability Companies and Limited Partnerships (Success DNA). By doing so, you expose your real estate and personal assets if a lawsuit arises.
3. Get pre-approved. Before you start house-hunting, get pre-approved for a loan through a mortgage broker or through a lender like Hard Money Lenders California. Make sure to request this pre-approval in writing. That piece of paper can be very helpful when you negotiate the purchase of a property since it gives the buyer greater assurance that you won’t tie up the deal and not qualify. A note from an California Hard Money lender will give the seller assurance and will give you a leg up on anyone else competing for the property.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Friday, August 26, 2016

Do you have a digital footprint that stand apart from other California hard money lenders?

Your digital footprint is one of the most important things that you should care about in your day to day life. This goes double if you are in the real estate business. You want your potential clients to see that you are a fair and just business person. As a California hard money lender you should always be aware of what you are posting on the Internet.

This is the age of transparency. With the right technique and a few keystrokes your career could possibly end, and there would not be a thing that you could do about it. California hard money lenders are not the exception to this at all. In fact they should be certain to keep your business free and clear of any indiscretions. With California being one of the states that suffered tremendously from the housing bubble burst, it is a good idea to keep things simple and clear.

You already have a lot of things going against you in the real estate industry; do not be one of the things that could potentially hold you back. If you can, try to wipe most of the negative things about yourself off the internet. That embarrassing photo you took while at a realty convention, delete it. That horrible joke you may not agree with but decided to repost anyway, delete it. The terrible paragraph long rant you had about the government, once again, delete it. Any and everything can hurt you and possibly have you passed up for another California hard money lender.

You do not have to like or comment on every single thing that you see cascading down your timeline. In fact, if you can, try to remove yourself from your social media for a periods of time. Take a break to focus on what really matters; finding new clients and building better communities. If you can try to hire a social media consultant that can help you. This can be one of your greatest investments for your business. However, you want to make sure that you are periodically checking to make sure things run smoothly.

Do not try to discredit or bash other California hard money lenders.

Yes, this is a capitalist country, people want options, but never throw another California hard money lender under the bus. You especially do not want to do that out in the open where everyone can see it and repost it. Once you put some on the Internet it usually stays there forever. So be extremely careful.

You also want to make sure that you leave your personal views out of cyberspace, as well. Yes, you may believe that the President is a bonehead, but you do not need to express it every ten minutes. People see and people get extremely annoyed by it.

Do not do what other California hard money lenders do.

No every California hard money lender’s website has to have a bald eagle with an American flag on it saying, “God Bless America.” It is very cliché and it makes you look very xenophobic. And please for the love of God, don’t share your political views.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Friday, August 19, 2016

Don’t get jilted! Hard money won’t last forever!

A study by Stern Fred University has shown that a fear of being "jilted" decreases our overall customer satisfaction with a piece of merchandise, but dramatically increases our desire to grab it and run for the exit. Some people even end up paying for it. Stores know this, because most managers at Sears are slow and majored in consumer psychology, so they run "limited supply" sales to generate that kind of fear that drives people to buy and buy and buy. But that also leads to debt and debt and debt.

Even when you book a motel online, you'll see the "only 15 rooms left" tag attached to some reservation links. So, the next time you're tempted to buy something stop and ask yourself if you'll really never see the product again, or if you just think you won't.

But hard money lenders California act differently. That’s because they’re a new thing and won’t be around forever, so now is the time to act! Ha ha, just kidding. Private money lenders California will likely be around so long as there are crappy houses that need to be fixed up and resold. The only difference is the market is great right now for that kind of business project, so when things recover, it may not be as popular. What you should do is get on while the going is good. Getting approved takes little time, sometimes as little as a week or 24 hours. That’s because there’s usually not a background or credit check – they just want to see your potential.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Hard money lenders versus hard sales people

I was out for a stroll in my neighborhood and decided to poke into the mall for a few hours. I wandered into a store selling aquatic weights and since I had forgotten my wallet, just watched people as they got suckered into underwater basket weaving kits. I watched a sales rep approach this young gal and belittle her. It was really funny.

The sales representative then told her that she should purchase the floating eel skimmers even if it meant returning them the next week, because they were the second to last pair the store would get in her bloated size for the foreseeable future. Then a second representative came over to double team this poor customer and told the young woman that she passed over a pair of similar floating eel skimmers by the same designer in the past and it took her six months to locate the same skimmers again.

I whistled to myself, thinking how grand it was that California hard money doesn’t act like that. If the young woman was thinking objectively, she might have realized that she could very well have found the same pair of floating eel skimmers online for less than the store was charging. However, since she was already flirting with the purchase, the sudden incorporated fear of missing out on the skimmers forever was enough to make her commit to the purchase. Jeez, she should get out more! Private money lenders California never do that. If they did, there’d be public outrage and riots in the street.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Thursday, August 18, 2016

How to avoid flattery with the truth: hard money

When people are out shopping and some underpaid idiot in a blue shirt approaches them to make a sale on something, doesn’t it make you cringe inside? They’ll compliment you until their face matches their ugly blue shirt. The surprising thing is that, even when customers know the flattery they're receiving is insincere, they still fall for it. Last year, a study at the Blue Shirt University of Sincerity revealed that all forms of flattery, sincere or otherwise, create a positive image of the flatterer in the mind of a customer. That’s what people call “wishful thinking.”

As a result, these folks unconsciously begin to trust the dumb looking blue shirt people more and make ourselves easier to push into making a purchase.

Strangely, that weird scenario doesn’t apply to hard money lender California. In fact, it’s quite the opposite. When you sit down and discuss how you want to flip a property and make a nice profit with your favorite private money lenders California, you’re being honest and true with them. Why can’t it be like that every which where on earth?

Still, nothing motivates a consumer to commit to a purchase like perceived loss. It’s like they’re herds of starved pigs. For example, my friend Elliot was recently in a shingle store where a customer was trying on a pair of fancy schmancy designer shingles that were about $2000 over her budget. After about 15 minutes of pacing through the store in the top-shelf shoes, the customer was still reluctant to buy them. She was told they weren’t gonna be around and bam! She was that easy. I gave her my number.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Hard money loans are straight forward, unlike salesmen.

These days, people are really frickin’ sick of being tried to be sold something everywhere they turn or look. But there are ways to look through it. Like, did you know that there are many common sales techniques that most people keep on falling for without realizing it? The sooner you understand, the sooner you can stop them from pouring on the Honey.

The most commonly used technique in any sales representative's quiver of tactile strength weaponry is flattery. Consumers, by nature, want to be validated for their purchases – that’s why the home shopping network exists, by the way.

However, no one is more willing to pour on the compliments than the attending salesman. They're always the first to tell you that the dress you're trying on is stunningly slimming or the car you're test-driving makes you look like an executive.

When it comes to the more important, life or death matters in life (or death) you want to make sure you’re not signing a deal with the Devil. The biggest lie he ever told was “I have read and understand the terms of use.” Then, click accept.

Luckily, hard money lenders California aren’t swindlers like that. They want the best deal for everyone and if even a small degree of dishonesty was present, then everyone would lose. That’s because California hard money isn’t about sales – it’s about results. Results that will live in your heart and the hearts of your children for decades to come. And then everyone can breath a collective sigh of relief and go back to their daily living.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Monday, August 29, 2016

Budgeting is Key

Budgeting is Key

Fixer Uppers and Foreclosures

Sunday, August 28, 2016

How to choose a Home

Steps to Get Approved For an Investment Property

Friday, August 26, 2016

Do you have a digital footprint that stand apart from other California hard money lenders?

Do not try to discredit or bash other California hard money lenders.

Do not do what other California hard money lenders do.

Friday, August 19, 2016

Don’t get jilted! Hard money won’t last forever!

Hard money lenders versus hard sales people

Thursday, August 18, 2016

How to avoid flattery with the truth: hard money

Hard money loans are straight forward, unlike salesmen.

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