Learn To Be A Fix & Flip Investor

Sunday, July 24, 2016

Getting your family business started with hard money lending

One of the main reasons folks had so many kids generations ago was so they could help on the plantations when they became old enough. Fun fact: this is also why summers were taken off from school, when farm work was at its most demanding. Today, folks still have many kids either because of religious backgrounds (i.e. they are from a Mormon or Catholic church) or because they don’t really understand birth control, as simple as that sounds to normal people.

But how do you keep your kids motivated in school and off drugs and away from skid row? Well, back before child labor laws were made up, you made them work. Nowadays, kids are such slackers, always watching internet videos, it’s no wonder they never move out or get decent jobs, even after attending a college for four or five years. One way to circumvent this is to put them to work on your house. In fact, why not make it your entire livelihood? You could acquire broken down, beat up, old properties and renovate them, selling them for a profit. They call this “flipping” in the market.

Unfortunately, flipping projects like this aren’t usually approved by the banks – not because you’re involving your kids, but because only getting a loan for such a short period of time doesn’t really help the bank out at all. You might want to consider some kind of thing like a private money lenders California. These kinds of loans have a higher approval rate and get your foot in the door with little or no credit or background checks. You’re mostly just paying off the inflated interest. That’s why these things called California hard money are known to build character– a great thing to role model for your kids!

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Thinking hard about hard money lending

The particular ragged edges of the housing market hasn’t eradicated the sales of houses, but it’s true that it’s not easy these days. People still buy houses, of course, but nowadays flipping properties is far more popular.

That’s why private money lenders California are such a popular tool these days – even people who have lost it all in the recent real estate bubble bursting can stand proud and say, “My credit is terrible, but there’s no reason why I can’t make a profit!”

Typically, individualized hard-money lenders are paired with borrowers through loan brokers who then receive a commission on each deal. As with traditional mortgage brokers, everyone charges points and fees, which can be several thousand dollars per transaction, so make sure you have that kind of cash on hand.

Some loans are made up with light monthly payments and a ballooning payment due at the end of the loan term — a feature they share with some of the mortgages that contributed to the financial bust.

But even if the economy does recover, it’s not likely that California hard money will go away – after all it existed before the economy got bumpy. Some of the benefits that will always be there include faster funding, loan values up to 80%, so therefore investors or flippers are treated fairly and interest only payments are encouraged. Markets always crash and recover – trends like this tend to stay on track, even when times are good. Like with everything, it’s best to get in on something when the going is good and not when it’s too late.

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Flipping hard money loans the right way

One of the largest challenges in the real estate “flipping” business (you know, when you buy properties only to fix ‘em up and resell ‘em for a nice profit) is getting approval for a loan. Most banks or mortgage companies will turn their nose up at you because this is all to familiar to them. They know this is a short term project and although probably a labor of love, not the kind of long term investment they desire. You’ll probably already consider finding a hard money lender Californiahard money lender California, but even that route has it’s bumps in the road. Even if you can get approval really quick, sometimes as little as 48 hours without much of a credit check or background check, you’ll want to do your homework.

Always, always have the proper documents ready. Hard money loans are primarily secured within the property but also knowing about the borrower is very important. You may be asked about credit, income and everything in between. Like a girl scout, be prepared.

Make sure you understand the history of the property. Whatever freak accident happened to it that got it into it’s decayed state and why. For example, if a Walgreen’s closed, it may be because property taxes were too damn high or the neighborhood was too dangerous or poor to afford visiting the place. You’ll want to be sure that the decay is more artificial than complete and utter destruction of the property.

Also, chat with contractors. Get a few estimates on what it will cost to paint, refinish, tile and otherwise repair the property. If you head into the private money lenders California office with information on restorations needed, a little history and an estimate of the costs involved, you’ll be that much more likely to get approved. Good luck!

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

The quickest and easiest guide to finding the right hard money loan

Most of the time, depending on your situation, hard money loans can be a great way to finance a specific real estate investment but the loan application process can be quite different from traditional bank loans. There are some different tricks and tips for you to learn.

Many potential hard money lenders California are prepared to offer you a loan if you’ve got the moxie for one, but you have to be prepared. Don't be one of the unprepared borrowers and you can do that by following these easy, simple steps.

First, find the right project. California hard money is collateralized with the property in question so finding the right one is very important. A property valued in the right range may not be in a very suited suburb. Remember, rule number one is avoid the crack houses – even if you flip a mansion, no one wants to live deep in the ghetto. Just like you, hard money lenders want to know that the property and the location are a safe investment.

Also, always have an exit strategy. Hard money loans are typically short and usually just a few years in length. The lender will want to be reassured to know that the borrower has a solid plan for either selling or refinancing the property way before the term is up. Knowing how you plan to repay the loan is a key factor in a hard money lender's decision. If you are doing this all wily nily, you’re going to look bad in the eyes of everyone and no one wants that. Don’t jerk your lenders around. You wouldn’t want that done to you.

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Hard money lending – the basics, revisited

So let’s talk about some of the many benefits to a hard money loan. But first, let’s go over the basics. You may recall that a hard money loan is a form of asset-based borrowing that deals with real estate financing. Some borrowers also pursue California hard money loans when their financing needs are more pressing and when more traditional and conventional financing sources cannot respond.

So, in many cases a hard money lender California will offer a smaller loan size based upon a lower Loan To Value Ratio. This only means they may opt to loan no more than 65% of the property value. Therefore it is more common for real estate investors to offer additional real estate as collateral in order to obtain a larger loan amount. This is known as cross-collateralization. Add that to your glossary.

Then, it’s simply a matter of contacting them with your idea or offer of investment. They’ll invite you into their office where they’ll give you free donuts and make you feel at home so when you discuss all the grimy details of this loan type, you don’t feel uncomfortable.

Don’t think too much when dealing with these types of loans. Remember, they are designed to be simple, even when they cost a little more than the average guy down the street. Furthermore, don’t let yourself be worked around by people who use a bunch of fancy words to confuse the snot out of you. You want your hard money lender to be someone you can trust just like your friends, because you’re dealing with some very risky number crunching.

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Saturday, July 23, 2016

Things to know about California Hard Money Loans.

California Hard Money Lenders generally allow Real Estate

Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). Before you consider any particular lender in California, be sure to be familiar with their terms and rates. Obviously you will need to contribute by paying the closing costs and the ability to service the debt monthly. Most of these loans are asset based loans, while there is a growing trend of Hard Money Lenders looking at your credit score. Many investors, including yourself possibly, may think why this is. The 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.

California Hard Money is not cheap.

You might be familiar with the differences of soft money and Hard Money. Soft money is easier to obtain than Hard Money for several reasons. Hard Money is typically private money and come from less traditional forms, whereas soft money is merely the opposite. With California Hard Money, you are paying for the ability to get a loan based on the property itself. California Hard Money Lenders are making loans to people and on properties that bank would never consider lending money to! 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.

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

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Looking for that perfect piece of property to build you dream house on? Rely on Hard Money California to fulfill that dream.

Looking for a piece of property for the intent of building your own home is one of the most exciting moments for you and your family. Hard Money California is a way you can find the means of obtaining that dream. I just want to provide you a few pointers to help you along the way. There are a lot of Hard Money Lenders in California, and you need to find the one that is best for you. Get to know them the best you can so you can build an advantage over them.

If you have already found a piece of property you would like to build your dream on, then remember that each Hard Money lender will have one of their specialists evaluate that property space with their own methods to determine the value. However, make sure to do your homework and you come prepared with a proof of funds list (if you have one), financial documents, and spreadsheets which provide details on the property. The more you have, the more likely you will receive the money you need. Hard Money California Lenders are professionals who know the real estate business really well.

Figure out what the loan will cost you with a lender for Hard Money California.

As I had mentioned before, doing your homework is very important. Hard Money California presents enough challenges of its own, but if you know what you are doing you will find yourself on top. Do all that you can to figure out what the loan will cost you and what profit you will make. In your spreadsheet, 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 California has its advantages. As long as you are smart with your choices and decisions, you will be happy with the end result.

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: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Sunday, July 24, 2016

Getting your family business started with hard money lending

Thinking hard about hard money lending

Flipping hard money loans the right way

The quickest and easiest guide to finding the right hard money loan

Hard money lending – the basics, revisited

Saturday, July 23, 2016

Things to know about California Hard Money Loans.

Looking for that perfect piece of property to build you dream house on? Rely on Hard Money California to fulfill that dream.

Figure out what the loan will cost you with a lender for Hard Money California.

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