Learn To Be A Fix & Flip Investor

Tuesday, March 5, 2019

Get an Arizona Cannabis Business Loan and Break Into the Marijuana Industry

Unless you've been living under a rock for the last decade, you know that the cannabis industry has been exploding in this country. If you're interested in cashing in on this burgeoning business, you'll need to get an Arizona Cannabis Business Loan to do it. Here's how.

Medical and recreational cannabis use is becoming more and more ubiquitous (and legal). In North America, it was a $9.2-billion industry in 2017 and is expected to hit an astronomical $47.3 billion within 10 years. That would put it above McDonald's, Netflix and Oreos. Combined. It's a relatively brand-new business but people with a pioneering spirit who get in on the ground floor may be able to take advantage of that tremendous growth.

And, contrary to popular belief, the cannabis industry isn't all about helping people get high. Some proprietors only sell to medical patients who use it to manage pain or stimulate appetite while they battle disease. CBD, an extract that contains no psychoactive substances (especially THC, the compound that makes marijuana get you high) has shown incredible promise in combating anxiety and preventing epileptic seizures.

So, there's tons of upside here. But since the industry is so new and the legalities are sometimes gray, it can seem like the wild west out there, especially when it comes to getting funding.

Getting Funding for a Cannabis Business

Whether it's recreational, medicinal, or CBD, if you're thinking about opening a cannabis dispensary, you'll need to secure funding to get off the ground. Some lenders are reticent to lend funds because they feel the risk is high. However, there are plenty of firms out there that are willing to take the risk because they believe in the industry. Some traditional financial institutions will do it, but just like home loans, you'll be asked to jump through hoops, open yourself up to scrutiny, and sometimes downright beg to get the money you need. If you'd rather not go through that ordeal, you may want to consider a private money Arizona Cannabis Business Loan.

Direct Hard Money Private Cannabis Lenders

Private Money Lender can get you an Arizona Cannabis Business Loan, and for some people, this may be a better option. A Colorado Hard Money Loan is secured by collateral so there's no long, drawn-out process in which your life is picked apart ad nauseam. And, you can get your funds in a matter of weeks, not months. Why delay your dreams? Call today and find out how much you can get to start your cannabis business!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Monday, March 4, 2019

Become a Successful Flipper Using Colorado Private Money Lenders

What's one of the biggest roadblocks for flippers? Getting the funding you need to jump on a great fixer upper. Here's how to use Colorado Private Money Lender to put that roadblock in your rearview mirror.

What exactly is private money lending? Private money is simply a way to refer to lenders and funding that occur outside of the traditional financial institutions. This could be virtually anyone including friends, family members, your doctor, or a co-worker. There are also lenders who deal solely with private money, connecting people who want to lend their money with people who want to invest in real estate by flipping.

Why would anyone want to lend their private money? Consider the alternatives. They can invest in the stock market. And they could win big, but they could also lose big. They never know what kind of return they'll get on their money. They could keep it in a savings account or a CD, but those options usually don't gain enough interest to even make up for inflation. They could go the old-fashioned way and keep in under their mattress, but that won't make any interest and opens them up to theft.

Conversely, a Colorado Private Money Lender can lend funds and know exactly what kind of return they'll get on their investment. And, in the case of flips, they know they can get their money back in a short period of time, typically under a year.

Why You Would Want to Work with a Colorado private money lender

Now we know why someone would lend their private money, but why would flippers want to go this route? After all, the interest rates are usually higher than the banks' rates. Again, consider the options. With a bank loan, you'll need to jump through all sorts of hoops to prove that you are worthy of the funds. That means having your credit score, bank account, and past history scrutinized to the nth degree. It also means waiting as much as a month or two to get your money, which is an eternity when it comes to closing on an investment property.

With private money, you can get approved in a day or two and have the money in your account in as little as 10 days. Plus, by working outside the system, you can negotiate terms with the lender that works for both of you.

Finding a Colorado Private Money Lender in Colorado

So how do you find a Colorado private money lender? It's not as hard as you think. In fact, you're already in the perfect place. We have decades of experience connecting real estate dreamers with the funds they need to make those dreams come true. Contact us today and we can talk about doing that for you.

The Straight Scoop: How Much Does It Cost to Get a Colorado Hard Money Loan?

Whether it's for a fix-and-flip, a spec home, or a rental property, if you're thinking about getting a Colorado Hard Money Loan, you'll want to know just how much it's going to cost you. To give you a ballpark idea, let's break down the terms, rates, and points on a typical loan.

Unlike banks, Colorado Hard Money Lenders use funds from private investors. Bank loan rates are often based on market conditions, but private loans typically use a variety of factors, from the value of the collateral property to the borrower's experience in the field. Because of the risk involved, hard money rates are usually higher than bank loans and can range anywhere from seven percent to 15 percent. On top of that, points are assessed, and these can range from 2 to 10 points (1 point equals one percent of the money being borrowed).

The rate and the points will be figured on a case-by-case basis and will be based on the down payment, the collateral, the borrower's experience, and the Loan-to-Value ratio (LTV). That is, the amount of money being borrowed compared to the appraised value of the property.

Let's say, for example, that Bill has a great credit score, a proven track record of completing and turning a profit on his flips, and is asking for an LTV of 60 percent. Bill is really likely to get a Colorado Hard Money Loan with a 7.5 percent interest rate and only two or three points. If he raises his LTV to 85, those numbers will likely increase.

Conversely, Jim has a lower credit score, has only one rehab under his belt, and also needs a 60 LTV. Jim's inexperience makes him a bigger risk for the private lender, so his interest rates will probably be closer to nine percent and he'll probably see three or four points. If Jim uses more leverage and wants to get an 85 LTV, he'll be looking at 10 percent or more on the interest rate and five or more on the points.

What Are the Advantages of Getting a Colorado Hard Money Loan?

While those rates may seem high, there are a number of advantages to going with hard money over a bank loan. Qualifications are much lower — if you don't fit in a bank's box, they will turn you down flat. A hard money lender can work with you to find a middle ground. Hard money also comes through in a matter of 10 to 15 days, while a bank loan can take much, much longer.

Colorado Hard Money Loans in Colorado

Need a Colorado Hard Money Loan in Colorado? We've got you covered. We offer some of the best rates in the business and can get you pre-qualified in a matter of seconds. So, what are you waiting for? Give us a call today to see how we can work together.

Colorado Hard Money Lenders: Scam Artists or Dream Makers?

Let's face it — many people hold a negative view of Colorado Hard Money Lenders. But is that reputation well-earned or unfair? Let's take a look.

First things first. What exactly is hard money? Hard money is money that's lent by private investors operating outside the traditional banking system. Among other things, hard money can be used to fund a fix-and-flip, pay for a renovation, or purchase a rental property. Borrowers put up property as collateral — either a current property or the one they intend to purchase — to secure the loan. If things go south, the investor has the collateral to back up the loan.

Colorado Hard Money Lenders may have gotten a bad reputation over the years because of a few unscrupulous individuals who took advantage of the fact that they work outside the system. In the past, some would offer loans with terms that made it virtually impossible for the borrower to pay the loan back. Thankfully, these predatory practices are very much a thing of the past, especially after the housing debacle of 2008 that launched the recession.

These days, lenders in the hard money business are there to help fund people's real estate dreams. They're here to offer a more personal touch and give people who've been turned down by the banks a chance at redemption.

Advantages and Disadvantages of Colorado Hard Money Loans

Colorado Hard Money Loans offer a range of advantages and disadvantages compared to traditional bank loans. Their interest rates are often much higher and can be anywhere from seven to 15 percent. Their terms are also much shorter; usually around one year. However, they are also much easier to qualify for. Private investors are much more interested in your plans and the property than your credit score and past history. Colorado Hard Money Loans are also much, much faster than bank loans. With a bank loan, there are countless hoops to jump through and tons of red tape to deal with. With hard money, you can get approved in a day or two and have funds in as little as a week or two. That a distinct advantage when it comes to jumping on a real estate opportunity.

Getting a Colorado Hard Money Loan Today

Looking for a hard money lender in Colorado? You're already int he right place. We guarantee the best rates in the area and we offer flexible terms to fit almost any investment opportunity. Give us a call today and let's talk about your dreams!

Saturday, March 2, 2019

How to Evaluate Residential Hard Money Lenders

If you’re new to the world of residential hard money lenders in Arizona, it can be tough to know the good from the bad. Use these tips to weed out the poor lenders and end up with the money lender of your dreams.

When it’s your money and your property, don’t mess around. There are some excellent residential hard money lenders in Arizona out there, but with the good always comes the bad. Do your research before working with a hard money lender to ensure they’re a quality, trustworthy company.

Evaluating Hard Money Lenders

Before you commit to a residential hard money lender in Arizona, read over our best tips to help determine how trustworthy they are as a company.

Review the company website

The first step in vetting a company is to simply look over their website. The more organized and professional-looking it is, generally the more legitimate the company. A highly professional and organized website shows that a company cares about their communication and brand image and that they have enough money for an elaborate website. Typos, broken links, and poor graphics could all be red flags on a company website.

Research the company

After reviewing a company’s website, do some research. Have they won awards? Are they recognized by the BBB? It’s a good sign when a company has awards and support from other businesses. Moreover, check to see if they’re in the news. Some company scams have been outed online or in the news to help protect others who may fall into their trap. If you see a company’s name associated with the word “scam,” it may be wise to steer clear.

Look at company reviews

Reviews can tell you what a company won’t, especially regarding business practices and employee attitudes. If someone has a bad experience with a company, they may write about it online as a warning to others. With that being said, it’s more common for people to write negative reviews about products than positive ones. Psychologically, negative results affect us twice as much as positive ones. Dissatisfaction with a product is more likely to prompt a review than satisfaction. Keep that in mind as you read reviews.

Speak with company employees

If the residential hard money lenders in Arizona in question have passed all your tests so far, it may be time to call them. Take note of how you are treated on the phone and how your questions are answered. This can give you an idea of how they are as a company and help you determine if you’d like to work with them on your loan. If Negative Nancy answers the phone, you’ll know you will want to choose a different lender.

Choose a trustworthy hard money lender like Level 4 Funding.

Making sure your hard money lender is trustworthy is important for your peace of mind. Level 4 Funding is a trusted hard money lender based in Arizona that has funded tens of millions of dollars’ worth of projects. If you’re looking for a residential hard money loan, call Level 4 Funding today or apply for a loan online with their quick and easy application.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

Friday, March 1, 2019

Top 10 Easy Renovations for Your Flip

Flipping homes isn’t always a walk in the park. Use loans to flip houses in Arizona to make strategic renovations that will ensure a sale.

Thinking about flipping homes? You’re not alone. It’s becoming a popular pastime and source of income in the United States. With an average profit of $30,000, flippers add huge amounts to their income every year.

If you’re new to the flipping game, it can be tough to know where to start. The best way to begin is to take out one or two loans to flip houses in Arizona, offered at hard money lenders across the country. Loans to flip houses in Arizona can help you purchase your property and complete your renovations. If you’re low on cash, this can be a great way to get the ball rolling.

Once you have loans to flip houses in Arizona and have purchased your property, you can start on your renovations. Beginner renovators may want to seek the help of a contractor to ensure quality, long-lasting renovations. However, it is possible to renew a space without the help of a professional if you have general design knowledge.

Renovations You Can Do on Your Own

Here are the top 10 renovations you can do with your own two hands to make your old property look new again:

1. Update the cupboards.

Cupboards can make or break a kitchen, so it’s important to give them some attention if they’re looking a little worn. A fresh coat of paint can really make old cupboards shine like new. Research cupboard painting techniques to reduce signs of streaks, and then replace old handles with new ones to give cupboards a modern look.

2. Change the light fixtures.

You’d be surprised how much light fixtures can add to a room. Choose new fixtures of the same style to keep aesthetics consistent throughout your home.

3. Add ceiling fans.

While you’re replacing fixtures, include some ceiling fans. A lot of older homes don’t have them, but they can add appeal for potential home owners.

4. Get new appliances.

Buyers love things that are shiny and new. Black or stainless-steel appliances can modernize any kitchen. Depending on the appliances you’re replacing, you may need some help with the heavy lifting.

5. Add some paint.

You can usually see that a home has been lived in based on the interior paint. Cover up scuffs, chips, and scratches with new paint to refresh your whole property.

6. Put in a backsplash.

A stylish backsplash adds a je-ne-sais-quoi to any kitchen. Go for faux tiles, which are prearranged in a square formation and can be easily installed.

7. Bring in some new carpet.

Along with old paint, old carpets can make a home look lived-in. Install new carpeting to add to your flip.

8. Add curb appeal.

Grab your gardening gloves and get to work! Eliminating patchy spots in grass and adding plants to the landscape can go a long way and give your home some serious curb appeal.

9. Switch out the doorknobs.

Doorknobs are likely in every room of your property. If they’re dated, they can add an unappealing “old” feel to a space. Switch out old doorknobs with new, sleek ones that match your property’s updated look.

10. Clean, clean, clean!

No one wants to move into a dirty place. Clean it top to bottom, leaving no stone unturned. Its new sparkle will shine to potential buyers.

Make the most of your loans to flip houses in Arizona with these helpful tips.

Put in the effort and it’s sure to show. Try these easy strategies to revive an old home without using a contractor. Home flipping doesn’t have to be a beast unless you let it. Good luck, flipper!