Commercial Hard Money Lender: Why They Are The Right Fit For You!

\Ready to move on with business, but your traditional bank loan officer may not be? A Commercial Hard Money Lender may just be the right solution for you. Find out why this is the real deal.

 So, you’re ready to move on with business, but in need of a timely loan? Let’s go as far as to say that you’re ready to make your move and acquire that piece of commercial real estate, and are hard-up for funding? The good news is that you don’t have to be hard-up for hard money. A Commercial Hard Money Lender is a very viable, attainable option for you and here is why.      

• Commercial Hard Money Lenders are able to provide commercial hard money loans in a timely and efficient manner. They have the depth of understanding that the time to act on your piece of potential real estate is now, while others like yourself are competing with dueling bids. You simply may not have time for the traditional bank loan application approval process and funding that can sometimes take up to several weeks.

 

• If you’re concerned about being denied a traditional bank loan or have currently been denied one, Commercial Hard Money Lenders are likely more willing to work with you than other banking institutions. While there are many reasons why you may have been denied a bank loan, a Commercial Hard Money Lender will often let your history of denial be just that, history. They deal with you in the “here and now”–meaning, equity invested and will the loan be repaid.

 

What Are Other Things To Consider When Contemplating Using A Commercial Hard Money Lender?

  

 You understand that the commercial real estate opportunity of a lifetime could be passing you by as you wait and wait for a potential bank loan approval and related funding. In addition, you should know that Commercial Hard Money Lenders aren’t what they used to be. They are on the up-and-up, helping folks like you on a daily basis. Long gone are the days of risky loan practices and extraordinary interest rates. Today’s Commercial Hard Money Lender wants to work with you and see that you succeed! Your success is their success!  

For A Successful Loan And Funding Process,

A Commercial Hard Money Lender Is Something For You To Research And Consider

  At the end of the day, your goal to secure a potential commercial real estate property is a loan. Because Commercial Hard Money Lenders are willing to work with you, focusing on the value of the property and not on your history and credentials, researching and considering this type of lender may be just right for you. You will stand a much better chance of reaching your goal, so get started now!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: How To Build The Right Team For Your Business

When you are first starting out in the commercial real estate business things can be tough. There are different problems that you may run into that need multiple people working on.

We all need help at times. We are all human; there is always room for mistakes. They may notice something that we may not have thought of. In the commercial real estate business, you can get overwhelmed very quickly. Having people in your corner can help alleviate a lot of issues you run into. Having a solid foundation is the best way to combat those issues.

Commercial real estate seminars are your first stop. If you are not working on a project currently that you should be going to every seminar there is. Whether you can find one once a month or you can find one every weekend you need to be visiting them. Make your name known. Network with people, find common interests and use them to your advantage. It is sad to say, but in this day and age, a lot of your worth is determined by what you can do for another person.

 Make sure that you have something that you could potentially use as leverage. That being said you do not want to come off to people as a person that just wants something. Try to make people feel as though they mean more to you than their title. Learn names, find out what how their child’s little league team is doing. One thing that people hate the most is a user. Build an organic relationship, and you should be fine. Eventually, you will meet different people that share the same vision as you, and believe or not, vision can outweigh money.

Some people you can expect at a commercial real estate seminar

Often you can find a lot of people that you may not have thought would attend seminars. For example, on any given visit you could find a commercial real estate attorney or a contractor. The number of people you can run into are endless. While a seminar is that best place to start, you could always go out and find these people.

Cold calling does not have a huge success rate, but if you do it right you can possibly find someone that you could add to your team. It does, however, take a lot of time emailing and calling people. If you are bold enough you could also just show up to their office. There are some things to take into consideration, though. For example, you do not want to just show up to a commercial real estate attorney’s office. Adversely you could potentially walk up to a rehab site and try to find the contractor.

Make sure you do not cut corners when it comes to building your commercial real estate team

Do not go the cheap route when trying to find people that could possibly help you. If you are not good with numbers make sure you find a commercial real estate accountant. Someone whose job revolves around the numbers. Do not hire contractors that use shoddy materials or equipment to complete the projects they have, as well. Make sure there is a mutually symbiotic relationship between you and your team.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: How To Choose The Right Contractor For Your Fix and Flip

When you are about to attempt a new flip you should have a checklist of what you are going to need. Having the best commercial real estate contractor should be at the top, or near it at least. Having a good one can save you a lot of money and headaches in the long run.

Having a good contractor is a major advantage in the commercial real estate business. At the end of every deal, once you finish the only thing that matters the most is your reputation. If you are one of the lazy commercial real estate investors that cut corners eventually no one will want to buy or rent from you. However, if you take the time to thoroughly vet your property to see the extent of rehabbing it needs you will make your money back tenfold.

This is why hiring an experienced contractor is a great investment. If they are a reputable contractor, they will be able to help you throughout the entire process of rehabbing your property. A good contractor can make sure you choose the right materials for your home. Anywhere from tiles to the type of hardwood you put in. A good contractor should be able to take direction well, however, in the event they have a better option for you, they should not hesitate to voice their opinion.

When you begin your search for a new commercial real estate contractor you want to make sure that you find a handful of potential companies. One of the best places to start your search for your nest contractor is a commercial real estate seminar. These are great places not only meet with other investors in your area but also, meet a plethora of contractors. Most of the time if the contractor is in the seminar they are working hard trying to find a new client. These are the companies you should start with first. It shows that they have the initiative to get in with other commercial real estate professionals on the ground level.

If you are not into the stuffy seminar scene get in your car and drive around your city. Find a house that is being rehabbed and speak to the contractor there. You could also go to your local lumber yard or hardware store and find a handful of contractors.

You now have a list of potential commercial real estate contractors, now what?

Now comes the hard word. You now have to sieve and dig through mountains of pictures showing the work of your potential contractor. You want to make sure that the contractor has a portfolio with full photo sets of their work. If they are currently working on a project, ask if you can visit them on site one day. Most of the time they will gladly show off their work without hesitation. If you can, go once or twice to see how long they take on certain projects. Pay attention to how they treat their employees, as well.

This is commercial real estate, make sure everyone can make money once the flip is completed

At this point, you want to compare all the bids and quotes that you have received. Make sure that the bids fit into the project that you want to accomplish. Discuss all the potential costs that you may have before you agree to have the contractor work with you. You want to make sure you make a profit at the end of the flip.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: How Airbnb Can Be Your Ally

There are a lot of different ways to make money in the commercial real estate business. Many often choose to go the fix and flip route; refurbishing old homes and selling them at a higher price can yield a higher profit. However, Airbnb could be the most practical choice when are beginning your career.

If you have not heard of Airbnb, you most likely have been living under a rock for the past couple of years. While most of us can appreciate a nice four-star hotel sometimes you want to have something small and quaint all to yourself. This is where Airbnb comes into the picture. Vacationing like you live there is the mission of the company. Airbnb puts potential clients in contact with homeowners that list their homes for a quick and easy bed and breakfast. Most of the hosts are extremely friendly and are willing to help accommodate their guest in any way

Recently, Airbnb was awarded over $1 billion to help aid in the company’s expansion and debt facilitation. Last year, Airbnb raised over $100 million in revenue. Many people have taken to the enterprise since its inaugural year in 2008. Along with providing people with inexpensive room and board, it also can be used to make a nice profit on a weekly basis. The best part about it is being the hotelier; you can do whatever you want you.

In regard to commercial real estate, depending on where you live, listing your home on Airbnb you have a substantial takeaway at the end of a season. The way it works is Airbnb will cover the cost of insurance and advertisement; at the end, you just have to share a portion of your profit with the company.

What does Airbnb mean for commercial real estate?

Simple. Airbnb means that you can have more than one exit strategy. A lot of people feel as though the only thing they can do once they start investing is fixing and flipping. Now this is a great way to make money. However, recurring payments are much more valuable than a one-time payment. Think of it this way, a home that needs a little TLC, is placed on auction. While it needs a lot of work there is potential. The area you have chosen is ripe for tourism and nightlife. However, you have taken out a loan from a hard money lender. This mean you have a higher interest rate. You could possibly pay the house off quicker if you rent it out every summer or winter.

How to make it work for you on a commercial real estate level

With Airbnb, you can make money to pay off debts you may have and in turn you use the property to make even more money. A lot of the pricing is worked out through the city you have your property listed in. Bigger the city the more tourists want to visit. If you are good at turning around a property quickly you should look into having multiple homes in different places. Having a home near the beach in the summer and having a log cabin near the mountains allow you to have a constant flow of money your commercial real estate investment.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: What You NEED To Know BEFORE You Invest

Before you ink your first commercial real estate deal there some things that you have to do prior. Many real estate beginners often do not the take time out to get everything in place in regard to the deal they are trying to make. This article will give the brief rundown of what you should you be doing before your first buy.

Research is a big part of the commercial real estate business.  As an investor, you should be consistently researching new ideas and tips that other professionals have. You should be researching the market you want to invest in almost every day. The market is consistently changing, and you want to make sure that you are always ahead of the curve.

Cold calling, looking up new properties on the internet and sieving through public records are great ways to start your research. Word of mouth is one the best ways to begin your research before you purchase a new property. Most of the time having someone that is living in the neighborhood that you want possibly invest in will give you an in.

In turn, this allows you to get in on the market on the ground level. You now have a lot of options in the long run. You now have someone that may know someone who is trying to sell their home. This could potentially put you in contact with someone in the neighborhood that is a contractor, and so on. 

Also in regard to researching the property that you want to buy, you also want to make sure that you check the insurance history of the home. Anything you can dig up is great. Previous owners and major repairs are usually at the top of the list of things you want to look at.

Your personal records are also something you need to look at when in the commercial real estate business

If you want to get into the commercial real estate business one thing that you want to make sure that you get in order is your credit score. Having a low credit scot or a credit report with red flags can be devastating when you are trying to buy a new property. If your credit is a little shaky there are some lenders that are willing to help you depending on the nature of your investment. On the other hand, you could try going to a hard money lender if you need a quick loan. Most of the time hard money lenders do not worry about the type of credit you have as long as you have adequate collateral.

Commercial real estate is a game of preparation

Planning your flip or your sale thoroughly is key in the commercial real estate business. Once you figure out what type of property you want to sell; you then want to make sure the neighborhood or heavy traffic area is right for the scope of the business. Comb through different community blog to learn about what people want and need in the area. Make sure you have a backup plan to your backup plan. Having an out when a deal goes south is paramount. After all your planning you have to be able to commit to your investment wholeheartedly.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: Five Common Mistakes New Investors Make

You have to make sure when you are just getting started in the commercial real estate field that you set yourself up properly. You are going to make mistakes in this business, but you have to learn how to think on your feet and bounce back.

Commercial real estate can be a tough area to begin a career in. Anything could go wrong at a moment’s notice. The carpenter that you originally made a deal with may decide that the quote he sent you was not enough to cover the work agreed upon. You could have been misled to believe the family home that looks ready for a quick turnaround now needs thousands of dollars in repairs and refurbishments. Quick thinking and due diligence will become your best friend, however, you will still run into some headaches.

One of the biggest mistakes that novice investors run into is misjudging the market. Three words could make or break your business: supply and demand. The most successful entrepreneurs are people that see a need in the market. Once they figure that out, they figure out multiple ways to fulfill that need for their customers.

For example, if you find that your city is having an increase of entrepreneurs or small business owners you could invest in co-working spaces. Looking for the census records of the city you are in can yield a lot of answers. Things like average household income, the amount of people that are moving to the city or the rate of employment are great indicators of the market conditions.

Most experts will tell you the best way to succeed is to follow the numbers religiously. You always want to make sure that you are able to accurately figure out how much profit you will make off your investment. You do not want to spend a lot of your career just breaking even. Make sure you calculate every expense that you may incur over the entire process. At the end of your deal you do not want to find out that you have another expense that puts you the hole. That being said you do not want to forego certain repairs or enhancements to save money here and there.

Everything in the commercial real estate business ties in together

You have to remember that many mistakes usually have a ripple effect. The contractor you forget to schedule today cannot make the repairs before the inspector checks to see if the house is up to code. Another thing people new to the business may do is overextend their loan. What we mean by that is borrowing too much money from lenders when investing in a piece of property. If the value of the property does not exceed or at least match the price you are asking for you could end up owing a lot of people a lot of money.

When things get a little hectic during commercial real estate business sometimes you have to fold

When in doubt know your way out. There is a thing called scope creep. This is when the general scope of the deal or flip that you want to do gets more complicated, or has much more work than anticipated. Many beginners feel as though they can force a deal to go their way, however, it may be more beneficial cutting your losses and finding a better investment.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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

Commercial Real Estate: How To Choose The Right City

There are a lot of things you must take into consideration before diving in the commercial real estate business. One of the biggest obstacles that many people have to face is location.

There are a lot of shows on many networks showing the attractive version of the commercial real estate business. One of the biggest obstacles that you might run into is finding the right city to begin your career as a commercial real estate investor.

Sometimes you could have the right business plan but living in the wrong city may give you some problems when you are looking for prospective properties. After the real estate bubble burst, there were many cities that fell. Places, where you could possibly be successful, are not the same as they used to be.

In regards to the traditional commercial real estate, like offices and storefront area big cities like New York, Los Angeles, Miami and San Francisco are great places to start from. Tourism is your friend when you are looking in large buildings to possibly invest in. You want to look at the amount of tourist funnel into the city. These type of cities are great for commercial businesses.

You do want to make sure that you check the pricing of the properties thoroughly you do not want to invest too much of your time just in one location. Cities like New York or San Francisco may have some steep prices. This may, in turn, drive possible buyers away from the property you want to flip. Make sure if you are planning on using the space for your personal business will be able to survive in the area or neighborhood it is located.

When it comes to commercial real estate for potential home buyers there is a slight difference

Commercial real estate in regard to house flipping is very different in comparison. New York is one place you may want steer clear of; many people wind up leaving the city because of how high the cost of living has become. Many people are moving to southern states. For example, Atlanta, GA has had a large influx of people moving and buying single family homes. One major thing southern cities like Charlotte, Dallas, Houston and Atlanta have going for them is the vast amount of space. There are plenty of places to build new homes. On top of that, there are a lot of tourist attractions within the metropolitan areas if you want to venture into the city.

Commercial real estate is not confined to the large attractive cities

Sometimes you have to forego flipping the lofts of Manhattan and venture upstate to Nyack. You have to be flexible when it comes to the commercial real estate business. Many investors want to conquer a New York or a Chicago, but sometimes investing in a Greensboro may be more profitable. In bigger cities you also have to deal with much more competition. Go to a city where you can be the big fish.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

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