Learn To Be A Fix & Flip Investor

Saturday, November 3, 2018

What Are Arizona Hard Money Lenders?

Arizona Hard Money Lenders are private lenders who fund loans without the use of a bank or mortgage company. Unlike traditional loans hard money is secured by an asset rather than the borrower’s personal credit.

Arizona Hard Money Lenders are either private individuals or private business groups who loan borrowers funds for short-term loans. The biggest benefit of these private lenders is that the loan approval is based on the value of the property being used as collateral for the loan rather than the creditworthiness of the borrower. This opens up a great opportunity for borrowers who cannot meet the stringent loan qualifications of traditional banks and mortgage companies.

The term of most Arizona Hard Money Loans is less than five years, making these loans perfect for real estate investors. The recent craze with property flipping has primarily been funded by Arizona Hard Money Lenders as they offer a simple application process and a fast turnaround on the approval and finding. Many banks can take up to several months to approve a loan application but Arizona Hard Money Lenders can approve and fund many loans in just about a week.

In addition to the fast funding, borrowers who have less than perfect credit look to hard money as a viable option for their funding needs. Being asset-based rather than credit based, many more borrowers can qualify for hard money. And because of their limited options for borrowing, they are willing to pay the higher rates charged for the hard money. In the end, it works out well for both parties involved as the lenders are being paid a higher interest rate for the increased risk of a borrower with a low credit score and the borrower has a resource that is less demanding than a bank.

Uses Of Arizona Hard Money Loans

The first real estate deal that most consumers think of when hard money is mentioned is a fix and flip. These are very popular but there are other used for hard money as well. Homeowners who are facing a foreclosure but have strong equity in their home can use hard money to pay off the original mortgage and avoid losing their home. This allows the homeowner the choice of remaining in the home and finding a traditional mortgage to pay off the hard money loan or selling the home at a fair price and paying off the loan. The second option is far better than the foreclosure as the homeowner will keep any profit rather than turning it over to the mortgage company in the foreclosure.

Pros and Cons of Arizona Hard Money Lenders

There are pros and cons to every type of loan and even to every lender. Before selecting a hard money loan, it is important to do your research and find the lender who offers the terms and services that you need at the best rate. Easy applications, fast funding and lower credit requirements are all great but realize that these benefits come at a price that you must be willing to pay to use a lenders money.

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

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.

Fees for Texas Hard Money Loans

Everyone expects to pay a fee to use someone else’s money. But before you decide to use Texas Hard Money Loans, you need to understand that there can be more than just interest and points.

Texas Hard Money Loans are provided to borrowers from private lenders who are not required to follow the same rules, guidelines or processes as traditional lenders. For this reason, borrowers need to familiarize themselves with the common fee structure that is associated with most Texas Hard Money Loans. In most cases, the fees are not unreasonable but they are higher than traditional loans because hard money offers benefits over traditional lenders and because they are an option for those who cannot qualify for a traditional loan.

The most noticeable increase in the cost of Texas Hard Money Loans is the higher interest rate. In some cases, the lender will charge 10% to 15% for an average loan. And if there is a great deal of risk involved in the loan, the rates can go even higher. In addition, there are normally points just as you would pay on a traditional loan. A single point is equal to one percent of the loan amount. This is a way to calculate fees in a simple manner and provide the lenders with a flat rate payment for his or her services.

Other lenders will choose to break the fees out by service or feature. This could be shown as underwriting fees, processing fees and document preparation fees. Other lenders will group these items together and call it administrative fees. If the lender was referred to you by a broker, then there could also be fees involved to pay the broker for his or her services. If the lender uses a service to collect payments and keep the records for the loan, you will also see a PML service fee. In most cases, the lender will select one method or the other to charge borrowers but because there are few guidelines on Texas Hard Money Loans and lenders, some lenders could choose to use a combination of both flat fees and additional itemized fees.

Texas Hard Money Loans Ask For An Accounting

Because the fee structure is up to the discretion of the lender, it is imperative that you request a complete accounting of all fees and expenses associated with your loan. This will allow you to compare the total cost of each loan that you are considering. In addition, you should ask for details in writing about any penalties or other payment fees that could be imposed during the life of your loan. This can include late payment fees as well as early repayment penalties.

Be Diligent

Even though hard money is a private loan, the contract for the loan is still a legally binding document. For that reason, it is very important for you to read and clearly understand all of the terms of your loan before you sign the paperwork. Once you sign the document, you are legally bound to follow all of the items in the agreement and failure can result in the forfeiture of your property.

Triple Your Income by Utilizing Arizona Private Money Lenders

If you are hoping to get into investing in real estate or properties in Arizona, choosing a private money lender can be the perfect opportunity to open doors for you and your financial goals. Learn how private money loans can help shape your future with investing in real estate and grow your income substantially.

While trying to find a private money loan may sometimes seem like a tricky or difficult process, thankfully you do not have to go through it on your own. A private money lender is an individual that is able to help you get the funds you are hoping to borrow from private investors. These individuals are also sometimes referred to as loan officers.

Private investment opportunities can open doors for you and your financial future that may have been previously held closed. The process of acquiring private investments is much different than what you would undergo if you were seeking an investment opportunity from a broker that works in a traditional bank setting. With the use of money from private investors, you won't have to worry about having a poor credit score or not having a firm credit history. Private investors don't analyze your credit history or take that into account when seeing if you are able to be eligible for a lending opportunity. Instead, private investors will take into account your ability to pay off the loan and are often able to work out a plan for payment that will work with your financial constraints and that is well within your budget. For people that do not have good credit or are not going to be eligible to quickly acquire a loan at a bank, private money is the perfect solution to begin investing in property as soon as possible.

Grow Your Income Today with Private Money Lenders in Arizona

Join the ranks of the thousands of people nationwide that are taking advantage of the doors private investors can open for them. Private money lenders are a great way to expand your financial horizons, reach your financial goals and network with experienced business professionals. The use of private money investors to jumpstart your investments is a worthwhile risk to quickly expand your income and secure a more positive financial future.

With any new investment opportunity or real state venture, it is extremely important to weigh every single factor of the loan or lender you choose before making your final decision.

Can you imagine how many opportunities you could pursue if your credit history or poor credit score never came into consideration? If you currently suffer from a credit score that is limiting you from reaching your dreams, private investors are the perfect solution to begin achieving your financial aspirations and making big changes to your life. Don't delay in reaching out to a private money lender that can help connect you with real private investors that are eager to help individuals reach their dreams and secure a larger income. Realizing your dream of a better financial future is closer than you think.

Can You Really Get RHow to Become Successful Residential Arizona Hard Money Lenders for Beneficiaries or Heirsich With Arizona Construction Loans?

Residential Arizona Hard Money Lenders or loan opportunities are the best choices for pursuing your real estate investment goals and is an especially unique option for beneficiaries. Learn how to expand your financial future and general financial welfare with the help of residential hard money loans.

The real estate market is buzzing and is the perfect investment opportunity for any entrepreneur hoping to secure a brighter financial future. Are you looking to begin to make big investments but don't have the credit score needed to get a loan? Arizona Hard Money Lenders are here to help. With residential hard money loans, the property you are investing in is held as collateral for your loan and you are connected to a network of private investors rather than brokers that work in traditional bank settings. This is great news for people who have large financial aspirations and are hoping to get into investing but do not have the credit score or credit history needed to pursue a more traditional investment opportunity.

There are many different types of Arizona Hard Money Loans related to residential investments. In fact, the process of financing inherited property is unique to other types of investments. For example, estate loans, probate loans, trust loans, and inheritance loans are all different types of short-term lending opportunities that are held against real estate assets within an illiquid estate. This particular type of hard money loan is sometimes called an inheritance advance or a probate advance. With this lending opportunity, ownership of a property within an estate can be divided quickly so that the asset can be quickly made available. With this type of financing option, it is possible to divide an asset as soon as possible so big changes can begin to be made to your financial future and financial goals.

Hard money lending opportunities in real estate are not exclusive to beneficiaries. Similar principles can be applied to many different types of real estate Arizona Hard Money Loans so it is important to consider all of your options as you begin to think about making various investments.

Achieve Your Financial Goals with Residential Hard Money Lenders

It is time to kickstart your financial future and utilize pre-existing assets to your advantage. Hard money lending opportunities are the perfect option for individuals who are looking to begin investing in real estate as quickly as possible and can be used for people who do not have a good credit history but are still hoping to begin investing.

If you are hoping to start investing in real estate quickly or do not have the credit history to pursue a loan from a traditional bank, there is no better option for you to reach your financial goals than a hard money opportunity.

Don't wait on pursuing your financial goals or achieving your goal of investing in real estate. With hard money lending opportunities in Arizona, there is no delay in acquiring the funds you need to pursue your real estate investing aspirations.

Can You Really Get Rich With Arizona Construction Loans?

House flipping is not just for TV show hosts or people with big budgets because with Arizona Construction Loans you can join the real estate industry and begin flipping properties today. Learn how to have it all with the help of this informative guide.

Some people look into construction lending opportunities to get to work building their very own dream home. However, you can use these loans to build or remodel beautiful real estate properties to flip and resell fo pave the way for a brighter financial future.

Did you know that Arizona Construction Loans are also sometimes referred to as a self-build loan? Lenders can look at Arizona Construction Loans as riskier projects because the property or remodel of the property has yet to be constructed. Building a property or repairing a pre-existing property can begin to become expensive quickly so a home construction loan allows aspiring builders or remodelers to borrow the extra costs needed to complete any of their renovation or building projects. These loans can cover many of the fees that are related to these types of projects.

These investments are risky but if the success others are having in the real estate market is any indication is definitely a worthwhile risk. You can choose to acquire these loans from a traditional broker or instead seek out a private investment opportunity. With a private lender, you can begin work on these aspirational projects without having to have a strong credit history or good credit score. This is great news for people who have large financial aspirations but do not have the credit history required to seek out a broker at a traditional bank. These types of loans are short-term solutions that can be a catalyst for you to secure a brighter financial future and begin making big investments that can shape your finances for the better. Don't wait to pursue these investment opportunities. Get a jump on growing market with the help of Arizona Hard Money Loans as soon as possible.

Change Your Financial Future with Arizona Construction Loans

The best part about construction lending opportunities is that you can pursue these home improvement projects without ever having to pick up a hammer or a nail yourself. The additional funds that can be made available to you from these types of loan can be used to outsource the labor of your construction projects. This is great for people who are hoping to get into house flipping but do not have the experience in construction required to tackle these larger projects alone.

Many people are enjoying financial prosperity by getting into the real estate market and there is no better time than now to join these entrepreneurs who are happily reaching their financial goals and achieving their dreams.

There is no better time than now to begin pursuing investment opportunities in the real estate market. The right construction lending options can help you grow your finances and achieve your dreams of getting into house flipping as soon as possible.

Why Thousands are Choosing Arizona Fix and Flip Loans and You Should Too!

Join the thousands of individuals that are enjoying financial growth and prosperity with the help of Arizona fix and flip loans. You can join the ranks of some of the nation’s most popular flippers and achieve all of your financial goals by getting into the market of flipping properties for resale.

The economy is strong which means that the real estate market is actually thriving beyond normal levels. House flipping in Arizona is definitely on everyone's radar and you can achieve a similar level of financial prosperity if you get a jump on this trend as well. Do you want to get started with these sorts of investment opportunities but don't have the financial means necessary to get started? There are many different routes that can be followed to get a start on your investment goals.

Even though you may way to get started with investing in real estate and fixing houses, you may not have the available cash on hand to get started with such huge investments. There are many lending opportunities for you to still pursue fix and flip financing. Whether you are well-experienced with fixing and flipping homes or are just starting to get into the market, it is still possible to secure lending opportunities to advance your financial future. Private money lenders can help connect you to the right investors. Even if you do not have a solid credit score or a history with investing, there are still lenders you can be connected with that will help you achieve your goals.

Arizona Fix and Flip Loans are Changing Lives

Did you know that flipping house and pursuing investment opportunities can open up many opportunities for you are your financial future? In fact, numerous real estate investors participate in many different sides of the real estate market. These individuals not only borrow the funds needed for their very own real estate projects but also often invest in the projects of others. This means that the people you meet while pursuing your investments can lead to numerous other opportunities as well for your next real estate project. The real estate market is growing at an unexpected rate so it is crucial to jump on these opportunities as quickly as possible.

Flipping houses in Arizona is a popular trend on the rise that many people are getting rich from and there is no better time than right now to join these other flippers.

If you are seriously considering getting a jump on the real estate market, it is important to take certain thoughts into consideration. Before you begin to approach a lender for and fix and flip lending opportunity, you should go ahead and do some research on the property you are interested in. Be sure to create a short game plan, determine the amount of work required to advance the project, and calculate the values before and after resale of the property. Fixing and flipping properties in Arizona can help you secure your financial future and open up huge investment opportunities for you.