Learn To Be A Fix & Flip Investor

Saturday, August 6, 2016

Even if you have no good, rotten credit, you can flip homes!

Most properties that an investor buys with the intention of flipping for profit do not meet FHA guidelines. Well, why does that matter? You see, in order to qualify for "traditional" financing to buy a property, a home must meet these guidelines. Otherwise a lender can't write a loan through Fannie Mae or Freddy Mac. Which means that you can't walk down to your local bank or call up Wells Fargo to have them fund your deals.

That explains why the majority of fix and flip loans are financed by private money or hard money lenders California. What the hell are those, you ask? Listen up and you might learn something.

These lenders will loan money based on an asset. In this case, the asset is a piece of real estate. The good ones are people who are (or have been) real estate investors themselves, so they really understand what it takes to fix a property and sell it for a profit. What hard and private money lenders California will do is look at the property you want to invest in. They'll ask you for your purchase price and what repairs you want to do as well. If they can see by the data that an investor can buy a house, do the repair work and quickly sell the home for a profit, they will fund the deal. It’s that freaking simple! The lending decision is based entirely off of the aspects of the property - NOT the borrower. This means that you can get financed if you have bad credit or no credit. You don't have to show job history or prove you have any income or assets.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 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.

So What's The Big Difference Between Private And Hard Money Lenders?

These two terms are often interchanged and it's really done incorrectly. So you should know what separates these two terms is the source through which you are obtaining financing. If you are using private money lenders California, it means you have direct access to a special kind of investor who will put up the capital to fund your deals. Usually it's someone that you know such as a relative or friend. But even if it's not, you have to find this person and convince them you and the property you want to buy are worth investing in! Otherwise, why would they be interested?

That's not the easiest thing to do for most people, but learn to be comfortable with rejection and things will turn around. Hard money lenders California are essentially a conduit between private investors who want to fund real estate investment deals and people who need financing, but don't have direct access to a private investor.

Knowing these two essential differences is key to how you’re going to get your loan approved. You can walk into the office of an investor and feel proud knowing damn certain that you can explain what you want and how you will get it. It’s part of the job and part of the risk – knowing what you’re getting into, having a plan and overcoming obstacles, just like Lance Armstrong. Maybe you’ll even feel like a hero. Maybe you’ll be setting a good example for future generations. Most of all, maybe you’ll make a profit.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

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.

California Hard Money lenders as a help to the economy

Not a soul in America would be surprised to hear about the troubled economy. In fact, our nation’s financial burdens are so abundant that almost nothing surprises us--we have become desensitized to this kind of material. We all know the government is in trouble, we know our neighbor is in trouble, our distant relatives maybe--but what happens when YOU are the one in a financial hardship?

Between home repairs, medical bills, children and family needs, grocery bills, cell phone, tv, internet, and unexpected costs, there never seems to be enough money to go around. An unexpected job loss or pay cut can devastate a family that is just barely getting by. If this situation sounds anything like yours, it might be time to consider finding an California Hard Money lender.

How California Hard Money lenders solve these problems

Unfortunately, banks don’t take a personal interest in their clients. If you can’t pay, you don’t get a loan. It’s as simple as that. Your ability to pay is based on your credit, income, employment history, and the like--not on your integrity or how hard you are working. All this denial by bank has created a ripe market for California Hard Money lenders.

How on earth would people who are in the business of debt stimulate the economy? Crazy, right? Here’s how: California Hard Money lenders stimulate the economy by lending to individuals when other lending institutions and banks won’t. Obviously, the lending process alone does not directly stimulate the economy. It must go one step further than that. When borrowers receive Hard Money, they normally spend the funds on the goods and services required for fixing up their new home purchase. These goods and services are often bought in their hometown and provide business for small companies. This creates commerce for all parties and manufacturers involved in the process, whether directly or indirectly. Make sense?

If you have the funds to become an California Hard Money lender, contact a Hard Money institution today. Then, you can loan your money to borrowers who need it and sit back and watch your money grow...you don’t even have to move a finger! If you are on the other end of the table and are looking to be approved by an California Hard Money lender, look no further. With no proof of income required, no application fees or closing costs, and little wait time, you could be approved for a Hard Money loan in no time. Basically, Hard Money loans are a win-win situation for all involved.

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

Labels: commercial hard money lender commercial real estate loan

Friday, August 5, 2016

In this economy, consider all your options financially

Indeed, tight lending these days creates opportunities for hard-money lenders like Jesus Cortez, a Phoeniz lawyer who has funded 19 mortgages for up to $112,000. The mortgages carry interest rates of 14%. For lenders, the profit potential is much greater than with traditional lending, an unofficial industry spokesman. If you lend on a piece of real estate, you can brag about it, drive by it, smell it, take pictures of it.

That’s why private money lenders Arizona is such a popular tool these days – even people who have lost it all in the recent real estate bubble bursting can stand proud and say, “My credit is terrible, but my ethics are not!”

Typically, individual hard-money lenders are matched with borrowers through loan brokers who make a commission on each deal. As with traditional mortgage brokers, they charge points and fees, which can be several thousand dollars per transaction. Some loans are set up with low monthly payments and a balloon payment due at the end of the loan term — a feature they share with some of the mortgages that contributed to the financial bust.

But even if the economy does recover, it’s not likely that Arizona hard money will go away over night. Some of the benefits that will always be there include fast funding within 24 hours, loan values up to 80%, investors or flippers are treated fairly and accepted and interest only payments are encouraged. Markets always crash and recover – trends like this tend to stay on track, even when times are good.

A quick and easy guide to finding the correct hard money loan

Hard money loans can be a great way to finance a specific or fun real estate investment but the loan application process can be quite different from traditional bank loans. Many potential hard money lenders Arizona aren't prepared to apply for a loan. Don't be one of the unprepared borrowers and you can do that by following these easy, simple steps.

Find the right project. Arizona 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 suitable neighborhood. Remember, rule number one is avoid the ghetto – even if you flip a mansion, no one wants to live next to a crackhouse. 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 term and usually are 1-2 years in length. The lender always wants to know that the borrower has a solid plan for either selling or refinancing the property long 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.

Finally, 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 assets. Like a boy scout, be prepared.

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

Labels: commercial hard money lender commercial real estate loan

How hard money lending will benefit Arizona

So many houses across the beautiful Grand Canyon State lay dormant and empty, slowly whittling away in the immense heat. So if you’re into real estate and want to sell some of these properties, you’re going to need a lot more than just a regular loan. TA-DA! That’s why there’s hard money lenders Arizona!

If you’re like the many millions of people living in Arizona and you want to be able to sell and resell a house, then perhaps familiar, tired banking isn’t for you. Perhaps consider hard money lending Arizona because that’s a unique and often beneficial alternative. Most Arizona hard money lenders provide coverage for the entire state, from Prescott to Flagstaff to Tucson to Scottsdale to Tempe to Phoenix and everywhere in between.

If more and more people took pride in their work and actually helped out around neighborhoods (without the aid of home owner’s associations, by the way – those organizations are completely worthless) then the real estate market might just pick up in Arizona. If that happens, and more people move here (including but not limited to immigrants of all kinds) then the rest of the economy would also improve. And then, we could all go back to the days before the 2000’s and relax with our economic surpluses. This would serve as a welcome model for the rest of the United States, who would hopefully follow suit and then, unemployment would go way, way down and production would go way, way up. So do your part!

Hard money lenders work in mysterious ways

As the economy struggles to stay afoot and banks continue tightening their wallet folds, hard-money lenders are pouncing on the opportunity to lend to shunned borrowers and it’s often unexpected sources you’ll find, that is, not the major financial firms you’d expect.

So how does it work? Through people called brokers, hard money lenders Arizona offer high-interest, short-term loans to borrowers who can’t get traditional bank financing, including those kinds of investors and people with badly spotty credit, like an apple that’s been in your lunchbox way too long. The interest rate can be in the high teens — compared with less than 5% for bank mortgages — while the length can be as short as a few months. Private money lenders Arizona tend to not focus much on a borrower’s credit scores. They care more about asset valuations and loan-to-value ratios. Many lenders won’t lend more than 50% to 70% of the home’s value, while banks will lend as much as 80% and government-backed loans can go as high as 96.5%.

Because there is little bureaucracy when compared with big banks, deals can be approved and closed in just a few days. Does that sound like an opportunity you’d be interested in? Most people would be.

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

Labels: commercial hard money lender commercial real estate loan

Fixer upper project for the whole family!

Part of the reason people had so many kids years and years ago was so they could help on the farms when they became of age. This is also why summers were off from school, when farm work was most crucial. Today, people still have many kids either because of religious reasons (i.e. they’re Mormon or Catholic) or because they don’t really understand birth control as much as they love children.

But how do you keep your kids motivated and off the street and away from drugs? Well, back before child labor laws, you made them work. Nowadays, kids are so lazy, always watching TV, it’s no wonder they never move out or get decent jobs, even after attending a university for four years. One way to circumvent this is to put them to work on your house. In fact, why not make it you’re entire business? You could acquire broken down, beat up, old properties and renovate them, selling them for a profit. They call this “flipping” in the market.

Unfortunately, projects like this aren’t usually smiled upon by the banks – not because you’re involving your kids, but because only getting a loan for a few months or a few years doesn’t really help the bank out at all. You might want to consider something like a private money lenders Arizona. These kinds of loans have a high approval rate and get your foot in the door with little or no money down. You’re mostly just paying off interest anyway. That’s why these things called Arizona hard money build character – a great thing to role model for your kids!

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

Labels: commercial hard money lender commercial real estate loan

A different and quick type of loan

One of the easiest and quickest loans available to you today is a hard money loan Arizona. While everyone is aware the housing market is rougher than rough, even rougher than sandpaper toilet paper, there’s still a niche market where buyers are obtaining property, fixing it up and selling it for a profit. The only problem with this plan is that most banks and mortgage companies are wary of approving such loans. First of all, they want more long-term buyers out there and not some business-like entrepreneur that bends over backwards “experimenting” with tiling and painting and roofing. Second, most banks and mortgage companies are wary of approving anyone period. The market is so beaten and trodden down, there’s hardly any chance worth taking a risk for, because they’ll just get further and further in debt.

So one of the primary solutions is to just choose a private money lenders Arizona. These guys hardly do background checks or credit checks because they’re fully aware your plan is just to flip a property quickly. Since you’ll only be paying on the interest, doing nothing to the equity of the property really, it makes sense for everyone involved.

These things are also called asset-based loans or bridge loans. However, asset-based lending is a term more frequently used in conjunction with commercial real estate financing as opposed to simply hard money which is used for residential as well as commercial finance.

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

Labels: commercial hard money lender commercial real estate loan

Despite popular belief, the real estate market isn’t dead

While it’s true the real estate bubble has left a bad taste in everyone’s mouth, the market is still far from completely dead. Oversaturated, perhaps, but dead? Not even close. People will always need to buy houses and live inside them (that’s rather obvious), the only difference is now there are more houses than needed for this market and hardly anyone can afford one. Has it gotten that bad out there? Afraid so. Is it getting better? It certainly seems that way.

Those that garner business by flipping old, unloved and neglected properties have found that a house in mint condition will sell much better against a house that’s laid unoccupied since it was conceived. And the secret to acquiring and fixing up such properties is Arizona hard money.

Getting a loan approved by a hard money lender Arizona is relatively simple. These types of loans are backed by private hands and are usually approved within days, without credit or background checks, unlike more laborious and delayed (not to mention often rejected, especially lately) loans from major banks or mortgage companies. If you aren’t looking to move in but simply want to renovate and resell for a profit, this is the path to consider.

Because of people daring enough to tackle such challenges, many people are finding hard money is the way to go in order to sell a nice looking house. And as the market only seems to improve, there’s a lot more confidence being built in such projects. All it takes is a little research and a little faith in economics. Everything will bounce back in the end.

It’s still possible to make cash in the real estate market

In many of the metropolitan Phoenix area’s suburbs, there are dilapidated and neglected homes that were hastily built in the infamous real estate bubble. We’ve hardly even recovered from the dot com bubble and now there’s this? What next, right? And while suburbs like Surprise, Peoria, Gilbert, Chandler and Avondale are suffering, there’s still a demand for houses, however small it may be.

So if you’re a real estate agent in this day and age, it may be next to impossible to put bread on your family’s table. That’s why many are switching to hard money lenders Arizona to find ways to make ends meet. All they do is approach some kind of private money lenders Arizona and get an nearly instant approval for their loan, then they start on hiring the local painters, landscapers and other fixers and cleaners to help flip the property. This is happening all around you, in neighborhoods across the country, because a decent house that stands out above the rest of the decaying crap is all you can really sell.

And if you do sell it, which is still possible, believe it or not, you can make yourself a very healthy profit. It’s not rocket science – it’s just private mortgage loans. It may be more difficult to do this than it was even five years ago, but it’s not impossible. After all, anything worth doing is worth doing right and hard work usually pays off.

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

Labels: commercial hard money lender commercial real estate loan

A Few Pitfalls To Avoid With Hard Money Lending Institutions

There are really two different kinds of hard money lending companies. The first are direct hard money lenders California who will do all the work. They will underwrite, fund and service your loan. The second are brokers who just shop your loan out to a direct lender. You have to be careful when dealing with companies that only broker hard money loans. Many of them are simply fee collectors that will require you to put up anywhere from a few hundred dollars to a few thousand dollars before they will give you a hard money lending decision. These types of places may or may not have the intention of funding your application, but if they don't, they will keep your money! There is a direct hard money lender that can fund in 13 states. However, they have nosey partnerships with other direct hard money lender California so that they can fund deals in states that are not our primary lending states. That way you get the best of both worlds because if you have a good deal, they will get you funding!

The hard money for funding your real estate investment deals has to come from somewhere. Hard money investors are people who believe in real estate and understand how important it is to driving our economy and building long term sustainable wealth. These people put up their own capital to fund real estate investment deals. Now they don't do this simply out of the kindness of their heart, they are looking to make a profit off the interest they charge on the loan. However, it's a win/win scenario because you make money on buying and selling a property, they make money on the interest from your hard money loan.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

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.

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Saturday, August 6, 2016

Even if you have no good, rotten credit, you can flip homes!

So What's The Big Difference Between Private And Hard Money Lenders?

California Hard Money lenders as a help to the economy

How California Hard Money lenders solve these problems

Friday, August 5, 2016

In this economy, consider all your options financially

A quick and easy guide to finding the correct hard money loan

How hard money lending will benefit Arizona

Hard money lenders work in mysterious ways

Fixer upper project for the whole family!

A different and quick type of loan

Despite popular belief, the real estate market isn’t dead

It’s still possible to make cash in the real estate market

A Few Pitfalls To Avoid With Hard Money Lending Institutions

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