Most real estate experts will tell you that Colorado Buy and Hold Loans are a great investment strategy that can transform your portfolio. But what exactly is "buy and hold" and is it a good idea for you?
Buy and hold real estate is pretty straightforward. In fact, it's exactly what the name implies — you buy a property and then hold on to it for a period of time. Most investors choose to rent the property out while they're holding it and then sell it once it's appreciated to a certain point. For the right piece of property, it's a win-win; you get a steady income for a few years, then a nice chunk when it sells. You can then roll that profit into another buy and hold.
To find a workable buy and hold property, you'll want something you can add value to. Turnkey buy and hold properties are few and far between and will usually go really close to asking price. Instead, look for a property that needs some cosmetic work or some basic updates. You don't have to completely rehab it. Usually, a new coat of paint, new floors and sprucing up the kitchen and bathrooms will suffice.
Getting Financing for Buy and Hold Real Estate
Once you've found the perfect property — whether it's a rehab or something that's almost ready to rent — you'll need to secure financing. If you've got nearly perfect credit and the financial past of a saint, you may be able to go through the bank. If not, you'll want to look into other options, like FHA financing, private money, or hard money. In fact, hard money Colorado Buy and Hold Loans are a great way to break into the game because they are flexible and can be tailored to your situation.
Want to hold on to the property for up to four years? That can be done. Need up to 90 percent loan-to-value ratio? That's doable, too. Want to convert into a longer-term loan? Easy as pie. Need to move lightning fast on a hot property? Hard money can be in your account with a couple weeks.
Go with Hard Money for Your Next Buy and Hold
Whether you're ready to take the plunge for your first buy and hold real estate investment or you're an old pro, we've got Colorado Buy and Hold Loans that will work for you. Give us a call today and we can discuss the details!
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 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.
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