Learn To Be A Fix & Flip Investor

Thursday, September 1, 2016

You can be approved for California Hard Money

What are the typical items banks consider when lending money to a borrower? Any person who has tried to get a loan and has been denied knows the answer to this question. Credit, income, job history, and assets are usually how banks make their determination. What they don’t take the time to consider is that a few small mishaps can destroy credit, that not everyone’s income is consistent, and hte some people just don’t have much to show pertaining to their assets.

This is where the difference comes in between typical money lending institutions and California Hard Money. When dealing with California Hard Money, you are talking to private money lenders who understand these situations and are willing to help. This kind of money is loaned mainly for home purchases or renovations and is strictly equity-based.

How to get approved for California Hard Money

Sure, good credit can help you in almost any financial situation. When it comes to California Hard Money, good credit can help you get a lower interest rate, but it does not determine your eligibility whatsoever. Still, the interest rate is mostly determined based on the length of the loan.

Believe it or not, you can get your California Hard Money loan approved in and walk away, cash in hand, in as little as 24 hours. You do not have to pay for application fees, closing costs, appraisals, or loan forms...you just find the Hard Money lender and let them do the rest! It just doesn’t get any simpler than this.

You do need an evaluation of the property, signed documentation, and a few other miscellaneous documents before the loan can be completed, but nothing too out of the ordinary. California Hard Money is a great solution for those looking to buy a home, renovate a property, or purchase a piece of land. What are you waiting for? Isn’t it time you considered California Hard Money?

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

California Hard Money lenders go where banks won’t

There are few things more disheartening than financial troubles. Worst case scenario is when you find yourself in a hole you know you can’t get out of. You may have had a difficult financial past, but that doesn’t necessarily predict your financial future. If you need a quick loan for a home or project and your bank or other money lending companies will not approve you, you can almost always count on an California Hard Money lender.

California Hard Money lenders take a significant risk in loaning their money out to borrowers. Not only do they loan the money to a complete stranger, they do not base the loan on your credit, income, employment history, or ability to pay. Hard Money loans are strictly equity-based and they use the home you are purchasing as collateral in order to ensure repayment. California Hard Money lenders will loan to YOU, and they can get you your money in a matter of 24 hours.

California Hard Money lenders are on your side

Like stated previously, California Hard Money lenders will go where banks wouldn’t even consider. Obviously, they are you, the borrower’s, side. They want to help you out and will be willing to do so if they can see that your investment or project would be profitable in some home. Most California Hard Money lenders loan money for buying a foreclosed or short saled home, fix-and-flip projects, and other types of property or real estate investments. Needless to say, you can’t exactly go buy a new ferrari with Hard Money, but you can certainly put the money toward the home of your dreams.

Most Hard Money loans have a little higher interest rates than traditional loans. This is because, as mentioned before, California Hard Money lenders are taking a bit bigger risk by loaning to you without first checking your credit or other components of your financial history. However, these loans are typically shorter than other loans (around 3-36 months) so that higher interest rate does not add up quite as quickly. Remember that California Hard Money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

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

What is Hard Money?

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. Hard money is essentially an asset-based loan with a high interest rate. The credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Many hard money mortgages are made by private investors, generally in their local areas. Typically, the biggest loan one can expect would be between 65% and 70% of the property value. That is, if the property is worth $100,000, the lender would advance $65,000–70,000 against it. This low LTV (loan to value) provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property. California Hard Money loans are collateralized against the property for which the loan is made. Our private lenders fund in the first lien position, meaning that in the event of a default, they are the first creditor to receive remuneration. Many California Hard Money loans are based on a percentage of the “quick-sale value” or “purchase price at auction” of the subject property depending on the specific lender. This is called the loan-to-value or LTV ratio and typically hovers between 60 and 70% depending on which of our lenders you choose to use for your purchase. For the purpose of determining an LTV, the word "value" is defined as "today's purchase price" for some of our lenders and “current market value” for others. Your final purchase price at auction would dictate which of our private hard money lenders we would recommend to finance your purchase and finalize the transaction. Private hard money lenders fund the transaction in 24 hours in accordance with ARS statutes associated with purchase of homes at trustee sales.

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

Wednesday, August 31, 2016

What types of marketing strategies should you use as a California hard money lender?

Marketing is one of the biggest tools in a California hard money lender’s arsenal. With so many people trying to start their careers in this business you need to make sure you always have your next three moves planned out before you make your first move. Never take any victory or setback for granted.

Marketing is the top priority of your business. You have to make sure that everything you do sheds a very positive light on what you are trying to do with your brand. Once you decide to take one this business your face becomes the masthead of what you are trying to accomplish. No, you do not have to out your face on sanitary cakes like that guy in, I Love You, Man, but you need and edge over your competition.

Now when we say competition it does not mean that you should be doing certain things to try to undercut other California hard money lenders. Far from that, because in the grand scope of things these people are essentially your colleagues. Use your strengths to make your lane bigger. If you can speak Spanish fluently you should be using that to potentially find more clients.

For example, say you are a small hard money lender and you have one other person as your competition. The city that you are in has a large population of Spanish speaking residents. Simply putting, “Sí, hablamos español,” on your flyers can help you. With such a high percentage of Spanish speaking residents in California you can double or even triple your business instantly. Knowing what you are good at helps you exponentially. It also can put you in the right positions with other assets that you could use.

So how much money are you willing to spend to stand out amongst other California has money lenders?

As the old adage states, “You have to spend money to make money.” If you are not willing to invest in yourself and your brand how do you expect people to trust that you will invest in their plans fully. If it takes hiring someone that is able to stand outside twirling one of those huge arrows to get people to come in then that is what you have to do.

Or if you see a new development that may see a large influx of new buyers on the market you could put up billboards. We have said before that the old method of getting your message are all but dead, however, billboards are still here. Obviously there is a correlation with billboards and profit increase if companies are still willing to use them.

Do not try to plagiarize another California hard money lenders marketing plan.

Be your own person, and try not to copy what other California hard money lenders are doing. You cannot use another person’s success as a litmus test for what you are trying to accomplish with your business. No one likes moochers. Most likely you are in this profession because you are smart and because you know how to think outside of the box. Taking someone else ideas, or even looking as though you have, takes away your credibility to your potential clients.

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.

How to Keep your budget

Budgets can balloon quickly on fixer-uppers. If you decide to invest in one, you need a high tolerance for risk, an exit strategy, and an California Hard Money loan to help you cover costs. This is the consensus from most home remodeling experts; You can make more money on a really cheap house that you turn into a nice house than a nice house that you turn into a premium house. All those expensive upgrades don't offer nearly as much return on your investment as fixing a cracked foundation does. For most people, this means hiring workers, or having a lot of help. The more people you get involved, the more coordination is required. You'll have to keep very close tabs on plumbers, electricians and handymen -- or hire a general contractor (which means a big increase in your budget). Think local. If you're remodeling a house in Massachusetts, use clapboard, not adobe bricks. The closer to home you stick for materials, the more experts you'll be able to find to help you install them. Don't overestimate your work. Sure, that paint job looks nice, but is it really worth a $20,000 markup on the property? Overpricing your property could just leave you with a house that people are wary of because it's been on the market too long and with an California Hard Money loan it is key to sell the property quickly since you don’t want to pay the interest on your high interest loan. Don't get ahead of yourself. First-time flippers may see dollar signs when they think about buying multiple properties, but problems can quickly turn into bankruptcy if you're using one house's equity to pay for another's repairs. Plus, each home requires attention, and unless you're quitting your day job -- which the experts also don't recommend for newbies -- you will probably have plenty to do for one house without thinking about your next flip. However long you think the renovation will take and whatever you estimate it will cost, just understand that it will probably be much costlier and more time-consuming. Nearly every upgrade you skimp on will haunt you, remodelers warn. From cheap carpet to cheap electricians, quality of workmanship is something that flippers cannot fake in a softening market.

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

Should I start my own YouTube channel as a California hard money lender?

In the technologically advanced era that we live in today information is seen, comprehended and store in the blink of an eye. To run a successful business in this day and age you have to have multiple ways to get out information about your services. The same goes for California hard money lenders, especially with the completion that you may face on a day to day basis.

Should you start a YouTube channel for your California hard money lending business? Ultimately it is up to you, however, before you decide you should ask yourself some simple three simple questions. What is the demographic that I am trying to reach? Do I want to more exposure for my business? Finally, do I have the time to commit to running a YouTube channel?

Before you start the first question listed should be the most important. The demographic that you ultimately want to influence or reach needs to be a top priority. Characteristics such as age group, median income, gender, city and county are extremely important. Since these groups of people are going to be watching it would be a good idea to make sure that the content you put out caters to their needs and wants.

A great way of doing that is by taking a poll of who visits your social media accounts and your personal business website. It is as simple as filling out a questionnaire and issuing a test. Once you have the results you should use that as a barometer to see what your audience would like. Do that want facts or tips from a professional California hard money lender? Or does your audience want to see the process of how loan approval works? It makes life easier when you have a full work week and you have to make ten to fifteen minute long videos every other day.

How do I make my videos interesting as a California hard money lender?

Simple, be yourself, you know how to flip money and make a hell of a profit; it does not take much to figure out how to shoot a YouTube video. Of course in the type of business you videos may not be as sexy as the videos that Casey Niestat makes, but you are you. Be authentic and you will steadily build an audience that loves your stuff. Show people a day in the life piece of a typical California hard money lender, and watch as the views, and viewership, grow. Over time you could potential end up with a couple thousand followers.

You are a busy California hard money lender, who is going to be filming all of this?

This is another thing that you have to figure out along the way is how you are going to produce all of this content on your YouTube channel. Should you hire a professional videographer? Or can you just pull it off with the camera on your iPhone? Most people start out shooting one or two videos a week with small cameras and cheap editing software.

Depending on your experience you should decide whether you are comfortable learning new software; or if you want to have someone do the work for you. Of course the latter means more money that you have to shell out to cover expenses. However, depending on the popularity of your content you could end up monetizing your channel and getting that money back.

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.

Tuesday, August 30, 2016

Do you stand out as a California hard money lender after the Recession?

With any profession there is going to be a form of competition. The real estate business it can be an uphill battle as soon as you begin your first investment. With the country still in the wake of the Great Recession, you have to carve out your niche as a California hard money lender. This brief write up will give you a couple of tips to set yourself apart from the rest of your competition.

A few years ago the country was faced with one of the worst recessions in recent history. It was due to a lot of bad investment decisions and too many people buying up property that had less value after the fact. Many people went into debt in the following years after everything went south essentially. Where does that leave us now? Well, we are steadily trying to claw our way back out of the hole that we dug. The country that has also issued a new set of laws within the Dodd-Frank Act that is supposed to help real estate investors and general consumers in the country from something like this happening again.

California was one of the states that was hit pretty hard after the housing market crashed. So what happens to the real estate professionals that are trying to make their way in this industry now? Well, as a California hard money lenders that best thing you could do is get your name out there for people to see. We live in a highly tech driven society; where it takes less than a minute to forget what you just saw. You need to make sure that your presence in the business is long lasting. That being said the old ways of getting your name out will most likely not work.

What technological methods should California hard money lenders use to set themselves apart?

First and foremost you should start, and maintain, a Facebook page for you or your business. There have been dozens of profile based sites that have come and gone over the years, but it seems as though Facebook is here to stay. Keeping an up to date Facebook with all of the conventions or events that you are doing could greatly help you expand your local network of fellow California hard money lenders. There is also a space to meet potential investors or home buyers as well.

Maintaining a blog that showcases different news or topics pertaining to the real estate industry could also help you. It does not have to be some stale WordPress website that has posts far and few with short blurbs of content that do not resonate with people. You could have how to posts for beginners or a forum where you can interact with your viewership. As long as you have a set schedule on how you want to do your posting everything should be fine.

Do you need social media as a California hard money lender?

It is not a tremendous requirement for you to social media as a California hard money lender, but it can help. Simple things like Twitter or and Instagram account could give you that edge over the competition. It may not give you a huge boost, but it cannot hurt you if you do have these accounts.

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.

Thursday, September 1, 2016

You can be approved for California Hard Money

How to get approved for California Hard Money

California Hard Money lenders go where banks won’t

California Hard Money lenders are on your side

What is Hard Money?

Wednesday, August 31, 2016

What types of marketing strategies should you use as a California hard money lender?

So how much money are you willing to spend to stand out amongst other California has money lenders?

Do not try to plagiarize another California hard money lenders marketing plan.

How to Keep your budget

Should I start my own YouTube channel as a California hard money lender?

How do I make my videos interesting as a California hard money lender?

You are a busy California hard money lender, who is going to be filming all of this?

Tuesday, August 30, 2016

Do you stand out as a California hard money lender after the Recession?

What technological methods should California hard money lenders use to set themselves apart?

Do you need social media as a California hard money lender?

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