Learn To Be A Fix & Flip Investor

Sunday, July 24, 2016

Flipping hard money loans the right way

One of the largest challenges in the real estate “flipping” business (you know, when you buy properties only to fix ‘em up and resell ‘em for a nice profit) is getting approval for a loan. Most banks or mortgage companies will turn their nose up at you because this is all to familiar to them. They know this is a short term project and although probably a labor of love, not the kind of long term investment they desire. You’ll probably already consider finding a hard money lender Californiahard money lender California, but even that route has it’s bumps in the road. Even if you can get approval really quick, sometimes as little as 48 hours without much of a credit check or background check, you’ll want to do your homework.

Always, always have the proper documents ready. Hard money loans are primarily secured within the property but also knowing about the borrower is very important. You may be asked about credit, income and everything in between. Like a girl scout, be prepared.

Make sure you understand the history of the property. Whatever freak accident happened to it that got it into it’s decayed state and why. For example, if a Walgreen’s closed, it may be because property taxes were too damn high or the neighborhood was too dangerous or poor to afford visiting the place. You’ll want to be sure that the decay is more artificial than complete and utter destruction of the property.

Also, chat with contractors. Get a few estimates on what it will cost to paint, refinish, tile and otherwise repair the property. If you head into the private money lenders California office with information on restorations needed, a little history and an estimate of the costs involved, you’ll be that much more likely to get approved. Good luck!

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

The quickest and easiest guide to finding the right hard money loan

Most of the time, depending on your situation, hard money loans can be a great way to finance a specific real estate investment but the loan application process can be quite different from traditional bank loans. There are some different tricks and tips for you to learn.

Many potential hard money lenders California are prepared to offer you a loan if you’ve got the moxie for one, but you have to be prepared. Don't be one of the unprepared borrowers and you can do that by following these easy, simple steps.

First, find the right project. California hard money is collateralized with the property in question so finding the right one is very important. A property valued in the right range may not be in a very suited suburb. Remember, rule number one is avoid the crack houses – even if you flip a mansion, no one wants to live deep in the ghetto. Just like you, hard money lenders want to know that the property and the location are a safe investment.

Also, always have an exit strategy. Hard money loans are typically short and usually just a few years in length. The lender will want to be reassured to know that the borrower has a solid plan for either selling or refinancing the property way before the term is up. Knowing how you plan to repay the loan is a key factor in a hard money lender's decision. If you are doing this all wily nily, you’re going to look bad in the eyes of everyone and no one wants that. Don’t jerk your lenders around. You wouldn’t want that done to you.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Hard money lending – the basics, revisited

So let’s talk about some of the many benefits to a hard money loan. But first, let’s go over the basics. You may recall that a hard money loan is a form of asset-based borrowing that deals with real estate financing. Some borrowers also pursue California hard money loans when their financing needs are more pressing and when more traditional and conventional financing sources cannot respond.

So, in many cases a hard money lender California will offer a smaller loan size based upon a lower Loan To Value Ratio. This only means they may opt to loan no more than 65% of the property value. Therefore it is more common for real estate investors to offer additional real estate as collateral in order to obtain a larger loan amount. This is known as cross-collateralization. Add that to your glossary.

Then, it’s simply a matter of contacting them with your idea or offer of investment. They’ll invite you into their office where they’ll give you free donuts and make you feel at home so when you discuss all the grimy details of this loan type, you don’t feel uncomfortable.

Don’t think too much when dealing with these types of loans. Remember, they are designed to be simple, even when they cost a little more than the average guy down the street. Furthermore, don’t let yourself be worked around by people who use a bunch of fancy words to confuse the snot out of you. You want your hard money lender to be someone you can trust just like your friends, because you’re dealing with some very risky number crunching.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Saturday, July 23, 2016

Things to know about California Hard Money Loans.

California Hard Money Lenders generally allow Real Estate

Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). Before you consider any particular lender in California, be sure to be familiar with their terms and rates. Obviously you will need to contribute by paying the closing costs and the ability to service the debt monthly. Most of these loans are asset based loans, while there is a growing trend of Hard Money Lenders looking at your credit score. Many investors, including yourself possibly, may think why this is. The main reason is that Lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for. So now Lenders want to know if you can’t pay the loan off in this time period.

California Hard Money is not cheap.

You might be familiar with the differences of soft money and Hard Money. Soft money is easier to obtain than Hard Money for several reasons. Hard Money is typically private money and come from less traditional forms, whereas soft money is merely the opposite. With California Hard Money, you are paying for the ability to get a loan based on the property itself. California Hard Money Lenders are making loans to people and on properties that bank would never consider lending money to! You are also paying for speed! If you have a property you need to close in 7, 10, 14 days – do you think your bank would meet those times for a conventional loan? You are paying for the availability of funds in a short time frame.

Remember to do some more research on California Hard Money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Looking for that perfect piece of property to build you dream house on? Rely on Hard Money California to fulfill that dream.

Looking for a piece of property for the intent of building your own home is one of the most exciting moments for you and your family. Hard Money California is a way you can find the means of obtaining that dream. I just want to provide you a few pointers to help you along the way. There are a lot of Hard Money Lenders in California, and you need to find the one that is best for you. Get to know them the best you can so you can build an advantage over them.

If you have already found a piece of property you would like to build your dream on, then remember that each Hard Money lender will have one of their specialists evaluate that property space with their own methods to determine the value. However, make sure to do your homework and you come prepared with a proof of funds list (if you have one), financial documents, and spreadsheets which provide details on the property. The more you have, the more likely you will receive the money you need. Hard Money California Lenders are professionals who know the real estate business really well.

Figure out what the loan will cost you with a lender for Hard Money California.

As I had mentioned before, doing your homework is very important. Hard Money California presents enough challenges of its own, but if you know what you are doing you will find yourself on top. Do all that you can to figure out what the loan will cost you and what profit you will make. In your spreadsheet, keep in mind to include all of the following costs: Purchase price, Rehab costs, monthly debt payments, points, title fees, realtor fees, attorney fees, recording fees, property taxes, and insurance fees. These should be all costs that relate with your deal.

Hard Money California has its advantages. As long as you are smart with your choices and decisions, you will be happy with the end result.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

What to know about getting your Hard Money Loan California approved.

Financial terms and processes can be complicated and it easy to become frustrating; however, after reading this short excerpt I hope you will be more confident with your vocabulary of Hard Money Loans. I know how exciting it is to look for a piece of property or a house to buy. First, you need the means to purchase that dream and you can do that through a Hard Money Loan. Hard Money Loan California is fair to all those who reside in California and presents opportunities to those who are in search of a Hard Money Loan.

The first task is to find a lender near you. It is imperative you get to know the terms and rates of the Hard Money Loan California lender you are looking at. Make sure you know what is available to you, how much you will need to put in the deal out of pocket, the maximum loan to values and the cost of the money.

Hard Money Loan California has a lot of potential. Just make sure you know the process.

Just as finding the right lender is important in order to obtain a good deal, you must also have a good knowledge of how to pick the piece of property you want to have. Most Hard Money Lenders are conservative in their values to ensure their money is safe. With that being said, you will want to find a good piece of property along with a good plan in order to get a good deal. All Lenders generally do their own property value method to determine the value of the property, so I would advise not to overstate its value when you negotiate with them.

Hard Money Lenders California are here for you and want to give you a good deal. One of the best ways to help yourselves get a good deal is to be prepared. Present them spreadsheets with information you have found about the market and property to show them that you are serious and interested. The more you can do this, the more likely they will help you. Also by doing this, the quicker you will receive the loan.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

What to know about getting your Hard Money Loan California approved.

Hard Money Loan California has a lot of potential. Just make sure you know the process.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

How To Write Your Business Plan to Impress A Commercial Hard Money Lender

You want to do business? You’ve got to have a plan. There are numerous reasons why you need one and impressing a Commercial Hard Money Lender is one of them. If your business idea is good, get it down on paper! Don’t let lack of a good business plan ruin your eligibility of getting a loan.
First of all, congratulations on your entrepreneurial endeavor! If you’re reading this blog article, you’ve probably got a great business idea, or one “in the works,” and it has occurred to you that you might need a loan, might need to fill out a loan application very soon, and may very well be doing so with a Commercial Hard Money Lenders. Nothing reeks of professionalism, being prepared, genuineness, and strategic-thinking, than having prepared a business plan–a good business plan. Well–what is a good business plan, why do you need one, and how will your investors evaluate it?
You’ve got to get it down on paper. No one wants to talk about ideas with you that are floating around in your head without thoughtful and strategic back-up planning–not potential partners, lenders, vendors, real estate agents–the list goes on and on. A good business plan shows that you are serious, that you know what you are doing, and if you don’t know everything, it shows that you are more than capable of figuring it out. It brands you, explains your products and services, forces you to plan your goals and strategies, spells out agreements, sets values to the business, and is generally a wanted request of a Commercial Hard Money Lender when it gets down to completing a loan application.
If you have no idea as to how to write business plan–how about researching online? There are countless articles and how-to’s about getting started, what you need to know, and why it is important to have a written plan when it comes to requesting a loan or raising funds for your business idea. Most business plans do include the following that Commercial Hard Money Lenders are looking for–a strong executive summary, business and product/service definitions, targeted demographics, marketing/sales plan (online and offline), financials, partners and managers, an overview of yourself and the company, and more–not in that particular order.

Will Your Commercial Hard Money Lender Be Eager To Work With Your Business Plan?

There are many things that a Commercial Hard Money Lender considers when contemplating offering a loan. Your business plan is just one of them. While a Commercial Hard Money Lender is not there to scrutinize every detail of your plan, he/she will, 1) want to see that you indeed have one, 2) see that you have attempted addressing every area of a plan, most pointedly–marketing and financials, and, 3) realize that you are professional, organized, serious, and determined.

A Commercial Hard Money Lender Wants A Win-Win Solution. If Your Problem Is

Getting A Commercial Loan, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

Commercial Hard Money Lenders are wonderful options when and if you may be turned down for a loan from a bank, and/or if you are in a rush in order to compete with other bidders. However, no matter what the circumstance, a business plan is always needed. If you expect investors–private investors–to loan you possibly hundreds of thousands of dollars, they’re going to want to see something in writing. Take it a step further even and create the real differences–not only provide a business plan, provide a good one!

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Friday, July 22, 2016

Hard Money California is the way to get a loan

Is your credit score/history horrendous and are trying to be granted a loan but can’t because of your bad credit? No need to worry, the simple fact of the matter is that there is a solution for you. There are many people, like you, who have the same issue. Perhaps you have heard of Hard Money. You may also find similarities to that word as “Private Money” or “Equity Loans.” These types of loans are unlike your typical loan from the more traditional route of a bank, but they are loans that spring from private sources such as investor's personal funds, pension plans and other non-traditional sources. California Hard Money Lenders are available to help.

If you qualify for a loan, then you have the luxury of receiving your money within 24 hours. This really makes it convenient for you so you can get started on building your home or project you have been planning for.

Hard Money California is in your grasp! Here is how you can get one.

Remember, the fact of having bad credit is irrelevant to the consideration of you receiving a Hard Money Loan. Hard Money California is a fast and easy process to attain a loan. Just use your smart phone or computer and simply perform an internet search for the nearest, most convenient Hard Money California lender near you for your first step of the process. They will like to get to know you and will ask some brief questions. After they get to know you and your situation, they will come out to your place and will evaluate your property to see how much it is worth.

After they have all of the information they need, they guarantee to get back with you in a space of 30 minutes to let you know if you were approved or not. If so, there is some key documentation that you will need to take care of so plan on having your financial records close at hand so you can access it easily. The quicker you can have them filled out, the faster they will be able to lend you out that loan.

Applying for a Hard Money Loan is rather simple, right? There is still hope for you to receiving the loan you ever so deserve. This may also give you a chance to improve your credit at the same time.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Thursday, July 21, 2016

Seek Hard Money Lenders in California for quick, reliable relief.

Hard Money Lenders in California is a simple and quick way of receiving a loan. One of the benefits about a Hard Money Loan is that the lender does not call for you to have a good credit rating; however, the loan is merely based on the condition and potential of the house or property. If you have ever been turned down for a loan from a traditional bank, then you may want to consider talking to Hard Money lender. Look, there are many Hard Money Lenders in California that would like to be able to give you fast, quick money.

Don’t lose hope, there are always solutions to your problems. One of the joys about Hard Money is that they can be released to you fairly quickly with less paperwork to fill out than from traditional loans.

Get a loan up to 70%! How? Hard Money Loans in California.

Hard Money Lenders generally lend out loans to those who desire to build a new home/business office both for residential and commercial property. Listen closely, what makes Hard Money Lenders unique and rather special from traditional banks is that they are usually individuals with a lot of hands on cash and they base the justification of lending you a loan by your equity instead of your credit rating/history. There are several factors that come into play when they base your loan. Hard Money Loans in California is an easy way to attain money fast and quick. You may get up to 70% of the loan value.

So the loan is primarily based on the home/property that the project is to take place. The condition of the property, location of the property, the borrower’s ability to complete the project, and amount of work to fix the property (if applies) are all determinants to how much money you will receive for the loan. The length of the loan is generally around 6 months.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Sunday, July 24, 2016

Flipping hard money loans the right way

The quickest and easiest guide to finding the right hard money loan

Hard money lending – the basics, revisited

Saturday, July 23, 2016

Things to know about California Hard Money Loans.

Looking for that perfect piece of property to build you dream house on? Rely on Hard Money California to fulfill that dream.

Figure out what the loan will cost you with a lender for Hard Money California.

What to know about getting your Hard Money Loan California approved.

Hard Money Loan California has a lot of potential. Just make sure you know the process.

What to know about getting your Hard Money Loan California approved.

Hard Money Loan California has a lot of potential. Just make sure you know the process.

How To Write Your Business Plan to Impress A Commercial Hard Money Lender

Will Your Commercial Hard Money Lender Be Eager To Work With Your Business Plan?

A Commercial Hard Money Lender Wants A Win-Win Solution. If Your Problem Is

Getting A Commercial Loan, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

Friday, July 22, 2016

Hard Money California is the way to get a loan

Hard Money California is in your grasp! Here is how you can get one.

Thursday, July 21, 2016

Seek Hard Money Lenders in California for quick, reliable relief.

Get a loan up to 70%! How? Hard Money Loans in California.

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