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Saturday, September 14, 2019

WHAT YOU NEED TO KNOW TO FIND A HARD MONEY LENDER

Hard money lenders are private investors who will lend money and use the property as collateral. Typically, these loans are approved for real estate investors.

Real estate investors are constantly looking for a great real estate investment. While they are searching for these investments they are also looking for financing. Real estate investors usually have more than one project going; and often they have multiple loans out. Where are they getting all this financing? Certainly not from a traditional lender. Banks and credit unions are not comfortable with a lender whom already has more than a couple of loans out at a time regardless of their credit score and income. Unless these investors have money on the side they must find financing to stay in business. Hard money lenders are typically where real estate investors go for financing. Hard money loans can be used to buy rental properties, fix and flips and commercial real estate.

Hard money loans are short-term loans—typically two to five years—that are secured 100% by the real estate. Instead of the loans being backed by the credit of the borrower they are backed by the value of the investment property. There are a few situations that having a hard money lender on hand will be beneficial. Turnaround situations—this is when a property is purchased and needs to be turned around for a profit in a very short amount of time. Often a real estate investor only needs financing for a short period of time. For example, an investor purchasing a fix and flip only needs financing while the house is being rehabbed. Once, the house is sold the investor no longer needs any financing. Instead, they take the money from the sale, repay the hard money lender and the rest is their profit. Another popular reason to seek hard money is borrowers who have poor credit. The substantial equity in the property will make up for the poor credit rating.

How can a borrower find a hard money lender?

It is very easy to find a hard money lender. They aren’t hiding in dark alleys or on a “I know a guy who knows a guy” situation. It couldn’t be easier to find a lender. Take your typing fingers to the internet and search your city and hard money lender. There are several other ways to find a lender such as attending certain real estate functions and asking around. If you are looking for more information on local hard money lenders and how they can help, contact us at level4funding.com.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

THE BASICS OF HARD MONEY LOANS

In simplest terms a hard money loan is a way to borrow money without using a traditional lender.

If you have ever gone through the approval process of a traditional lender then you are already aware it is a painfully slow process. This is even the case when it comes to borrowers with platinum credit scores and plenty of income. And, if you have any negative marks on your credit or not enough income to please your lender then you are in for an even worse ride.

Hard money loans  are loans that come from private investors. These investors lend their money based on the property you want to purchase as collateral. Hard money loans  happen quickly; typically only taking 24-48 hours for approval. Many borrowers turn toward hard money lenders when traditional lenders don’t approve them.

All lenders require proof that the loan can be repaid. Traditional lenders are interested in your credit score, your income and your job security.They look at your debt-to-income ratio; and if all that looks great then you’ll be approved for a loan. You’ll receive your money anywhere from 45 days up to 90 days. Although, you will get the best interest rate using a traditional lender, it will not happen instantly. Hard money lenders work differently than traditional lenders. They lend based on collateral securing the loan. If anything goes wrong and you are unable to pay they simply take the property. To a hard money lender your collateral is more important than your finances and credit. Hard money loans are typically more flexible than traditional loans. Hard money lenders do not use a traditional underwriting process. They look at each deal individually; this allows the terms to be much more flexible than a loan from a bank or credit union.

There are countless benefits to using a hard money lender versus a traditional lender.

Most people who have gone through bankruptcy or foreclosure, even have a low credit score, feel like they are stuck. A hard money lender can work with you regardless of your situation. Hard money lenders are real people; people you can speak to on the phone and stop by the office—unlike traditional lenders where you are dealing with different teams of people. A hard money lender wants to know your story and can work with you to make your dreams become reality; whether it’s to fix-and-flip a home or you need commercial real estate help. These are typically short-term loans that run from two to five years. If you have bad marks on your credit, have run into any financial problems or you just need money quickly a hard money loan could be the answer for you.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Wednesday, September 11, 2019

Commercial Private Loans: Reputation is Everything

Reputation is extremely important when it comes to a commercial private lender. Reviews can give you the insight you need to make an informed choice.

Choosing who to use for your Arizona commercial private loan is a difficult decision, but when it comes to reputation you want the best of the best with a proven track record of successfully funded loans.

You will be faced with many options and not all lenders are the same. Just like you’d read reviews before choosing a restaurant to see other people’s experiences, you want to know if other investors have had their Arizona commercial private loans funded quickly and professionally.

Here are some key terms you want to see in reviews about your potential lender:

· Quick

· Responsive

· Helpful

· Honest

· Professional

· Communicative

· Impressed

· Recommend

Another way to learn more about lenders of commercial private loans is to attend networking events where you can speak to other investors to hear their personal experiences with local or national lenders.

Not only will you get great lender information, but you’ll also get some pointers if you’re just starting your investment portfolio.

Arizona Commercial private loans can be difficult to fund, but the right lender will make it happen, ensuring your investment can get started off on the right foot. Level 4 Funding is able to complete your loan and have you beginning your rehab in as little as a week.

Call today to discuss your project and how we can help you obtain a Arizona commercial private loan.

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Fix and Flip Vs Buy and Hold

When you come across a property to use as an investment you’ll have to decide whether to fix and flip or buy and hold. Here are some reasons why fixing and flipping using an Arizona hard money lender might be the way to go.

Investors have a decision to make once they’ve rehabbed a property. The main difference is whether you’re going to make income up front or whether you want an income stream to come in long term.

Below you’ll find an explanation of why one may work better for you than the other.

Buy and Hold

A buy and hold property is one that you’ll rehab and use as a rental. You’ll have property management costs if you choose to use a company to manage the property and maintenance costs. The goal of a buy and hold is to keep your costs to a minimum, so you have positive cash flow coming in each month. In this case you can stil use a Arizona hard money lender to finance the purchase and rehab until you can secure long term financing.

Fix and Flip

Unlike a buy and hold, a fix and flip will be sold as soon as the renovations are completed, giving you instant cash flow to put towards your next investment. This can provide less stress with upkeep and monthly costs associated with a buy and hold.

So how do you decide whether to work with a Arizona hard money lender for a fix and flip loan or to focus on a buy and hold property? Here’s where having market knowledge will be helpful because some properties due to their specifications or location won’t bring in a high rental income. That should be a huge determining factor.

Also, if you aren’t able to buy the company with cash or obtain a loan that will give you low monthly costs that can be covered, and then some, by the rental income.

If you’re interested in making income from real estate you’ll want to research your options, get to know your market, and work with a knowledgeable team who can help you complete your renovation and then either sell the property or rent it out for top dollar.

To get more information on Level 4 Funding, a Arizona hard money lender, give us a call to set up an appointment to discuss getting your investment funded today!

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Use Your Arizona hard money loan for a Property That Will Sell

Your investment is only a success if you’re able to sell your property quickly and for top dollar. Using your hard money loan for a property that will be appealing to buyers is key.

If you speak to an experienced investor, they’ll tell you that they haven’t always had successful fix and flips. One pitfall that first-time investors can make is not choosing a house that even after renovation will be one that will attract buyers. Before securing your hard money loan you’ll want to research the property and make sure it will check the boxes for buyers.

Location, location, location!

Most buyers will have a desired area in which they will search for their home. If you’re renovating a home in an area that isn’t attracting buyers, you’re going to have a hard time selling it once your flip is completed. Consulting with a real estate agent will help you focus on areas where homes sell quickly and for top dollar.

Know Your Market

In some cities smaller condominiums will be highly desirable where in other locations a 3-bedroom, 2 bathroom is the most sought after property size. This is also an opportune time to consult with a real estate agent who knows what’s selling easiest in the current market.

Cater to Your Audience

While it may be tempting to use finishes that will “wow” potential buyers, you want to keep the palette neutral. A brightly colored home may catch a lot of attention, but you’re drastically limiting who will actually want to buy your property. Use colors that are universal rather than going for what’s trendy right now. Chances are that the buyer may make changes to match taste so spending extra money on expensive hardware and landscaping won’t be a good return on investment.

Your Arizona hard money loan will help you buy your property, but your property choice is what will help you sell. To discuss your investment idea, give Level 4 Funding a call today!

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

How to Maximize Your Arizona hard money loan ROI

Here are some tips to ensure you’re getting the maximum ROI on your fix and flip using a Arizona hard money loan.

Who doesn’t want to make top dollar on their fix and flip? You’ve invested time and money, blood sweat and tears, and now it’s time to list your property so you can pay off your Arizona hard money loan. Below you’ll find some tips to make sure you’re getting the most money in your pocket once from the sale of your investment property.

Stage the Home

This isn’t always necessary, but a great way to present your property in the best light. Some homes won’t require staging and others won’t show well without it. If you’re in a higher price point you’ll definitely want to invest in staging, enabling potential buyers to really imagine the house as their home. Staging companies will provide the furniture for a fee and bring and remove the items for you.

Use a Professional Photographer

No matter the home or the price point, pictures are worth a thousand words when it comes to listing your investment home. With the technology available today you can have virtually staged photos, drone photos, and high definition videos taken for a reasonable price. Nothing turns off potential buyers like low quality photos.

Hire a Great Agent

Last, but definitely not least, you want to work with an agent who knows the market, the area in which you’re selling, and has a track record of quick, top dollar sales. You want to interview agents to learn their history and also understand their marketing strategy for their listings. You want your home to receive maximum exposure which can come from social media and open houses. They can also be an asset when it comes to choosing new fix and flip properties, helping you analyze the area and potential ARV.

Not only do you want to be able to pay off your hard money loan, you want to put money in your pocket to invest in your next project. Give us a call today to schedule a time to present your investment ideas.

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About:  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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions