Want to Be a Landlord? You NEED Texas Hard Money Lenders!

Being a landlord can be a very lucrative business if you are driven, have some handyman skills, and like working with people. With Texas hard money lenders you can qualify for a loan on a rental property, even if you have rotten credit, a high debt to income ratio, or other financial issues.

If you want to own rental properties, you are in good company. Rental income can be a great supplement to your finances and in some cases, be enough to quit your other job. If you want to be a landlord, you need to look into Texas hard money lenders.

Hard money lenders give out specialized, hard money loans. A hard money loan is an asset based, cash loan that can help you purchase investment properties. You can use hard money loans for a number of situations including cash for a down payment or even to finance the entire purchase. Loans from Texas hard money lenders are especially useful if you need cash quickly like in the case of an auction property or foreclosure. Often you can get a great deal by having cash in hand compared to the promise of traditional financing.

3 Ways Texas Hard Money Lenders Can Lend A Helping Hand

If becoming a landlord using loans from Texas hard money lenders sounds like a good option, make sure you do your research before you commit. Here are 3 situations where hard money loans can make your dreams come true. 

1. You have bad credit or other financial issues. Hard money loans are based on the merit of your investment and its ability to generate income for you and your hard money lender. This means that Texas hard money lenders don't care too much about your credit score or debt to income ratio. 

2. You need cash quickly. If you need to move fast on a deal, hard money lenders can get you approved and get money in your pocket much more quickly than a traditional bank. 

3. You anticipate a windfall or making above average rent on the property. Hard money loans do carry a higher interest rate so they are not good long term solutions. But, if you anticipate a large windfall they can be a great bridge loan to buy the property now and pay later. If the property is a great deal in a high rent area hard money loans may also be a great option if you can make money above and beyond the interest rates. 

If you want to learn more about how hard money loans can help you become a landlord, contact Texas hard money lenders today!

Don't wait any longer to make your dreams come true. Call a hard money lender today and discuss your loan options. 

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
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Buyer Beware! Ways to Risk Less and Gain More With Hard Money Lenders Texas!

Hard money loans Texas are private money loans funded by hard money lenders Texas. The loans are given primarily to real estate investors to purchase properties they intend to use as a way to make money. The lender makes interest and earns their principal back and the borrower makes a profit on a smart investment. There are less regulations and a lot less paperwork than traditional loans and you personal finances don't matter nearly as much as they would at the bank. Sounds great, right? Well, hard money loans Texas are a great way to make money and are a relatively safe investment. But, any investment has some risk. Here are 3 ways to risk less on your Texas hard money loan.

1. Choose hard money lenders Texas wisely. Not all investment firms or mortgage brokers are created equal. There are people out there who just want to scam you out of interest. Look for a licensed broker or equity firm to fund your investment. Make sure your loan officer is knowledgeable about alternative funding and specifically hard money loans Texas. 
2. Ask lots of questions. Ask about interest rates, loan to value ratios, time frames, and any other concerns that you may have. Your hard money lenders Texas should be able to answer all of your questions in detail and give you the peace of mind you need to go forward with the investment. If you feel unsure, keep asking or shopping around for a new lender until you are confident. 
3. Do your homework. Before purchasing any property make sure that you have a plan. Get the home inspected and appraised. Remember that location matters and try not to overspend on repairs. Have a budget and timeline worked out before you begin your project. Not only will this make sure that you make a smart investment, but it will also impress your hard money lenders Texas that you have a solid game plan in place. This will make it more likely that you will get the hard money loans Texas that you need. 

Once you have your loan in place, there is still one major risk with Texas hard money loans. They are addicting! Once you have a taste of fixing and flipping a property, there is a huge risk you won't be able to get enough and will keep doing it. But rest assured whether your real estate investment is a one time thing, or a way to make steady income, hard money lenders Texas will be there when you need them!

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
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Choose a Fix and Flip Before Calling Texas Hard Money Lenders

The media has sensationalized the rehab and flip business, making it seem like it’s easy cash for anyone who jumps in. The truth is, you have to have a keen eye for investing, and know how to evaluate the home before you get started, especially when you’re using Texas hard moneylenders.

Homes that have fallen into disrepair can be an investor's dream. A seasoned pro can size up a home fairly quickly, and make an educated assessment as to whether it will provide a solid return on investment after all the work is complete. This evaluation is often the largest determining factor in whether someone is successful in the fix-and-flip business, so it literally pays to do the research ahead of time.

•  Include any contract fees and the loan costs from your Texas hard money lenders in your total expense estimates.

•               Consider what the repairs should cost. Some investors swear by a $20 per square-foot rule when it comes to cosmetic renovations. While this may be a good estimate, finding the right contractor and vendors can save you a lot of money. Also, think about things you may be able to do yourself or have a contact in the field already that can help you save money. 

•          Calculate what the home will be worth after repairs. To do this, you’ll need to research what comparable homes in the area have sold for over the past 90 to 120 days. They should be in a similar neighborhood, have the same number of bedrooms, bathrooms, and square footage, and also be about the same age. You can use apps like Zillow or check out a real estate website to find comparable homes. 

How to Tell if a Flip Using Texas Hard Money Lenders will Be Successful

There are no guarantees when it comes to real estate investing and flipping houses. Even experts in the industry get burned from time to time, so you have to leave yourself wiggle room. The amount you offer for the home should be enough that after you pay fees, repay your Texas hard money lenders, and cover repairs, that there’s enough money left to reimburse you for your efforts. You should try to build in a cushion when make an offer. Have fast access to cash through your Texas hard money lenders can give you room to negotiate. 

You should only borrow from Texas hard money lenders if you’ve done the research and you’re familiar with potential rehab pitfalls.

There’s a big difference between making a calculated decision based on knowledge of the housing market, and in making repairs with the hope to turn a profit. Not every rebab is worthwhile. If you’re just starting out, choose the simplest projects, and include professional contractors in your budget. You can test your knowledge in rehabs by scouring a neighborhood, and making your own predictions of what houses will sell for once they’ve undergone renovations. Fix-and-flips aren’t for everyone, and getting started in the industry requires real estate knowledge, as well as a solid background in home repair and estimates. Texas hard money lenders can provide the short-term cash you need to make a deal, but you’ll need to have the knowledge to ensure you’re making a wise investment. If you have these things in your own mental toolbox, fix-and-flips can be incredibly lucrative.

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
23335 N 18th Drive Suite 120
Phoenix AZ 85027

  

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Flip a House: With Hard Money Lenders, Texas Investors Prosper

If you want to become a real estate investor, there is plenty of advice in the media and from family and friends. However, take it from hard money lenders, Texas  real estate investing can be a tricky endeavor. But, if you make smart choices and invest wisely, you can make big bucks. 

If you turn on HGTV or DIY Network, it seems that every other show is about flipping real estate. While purchasing a fix and flip home can be very lucrative, it is far from easy. These shows do a major disservice in that they don't show you how to minimize risks or maximize rewards. Instead, there are moments of high drama but usually everything works out in the end. This is not always the case in real estate investing.

With hard money lenders, Texas investors can be prepared for the ups and downs of the investment market. Although fix and flips are not for the faint of heart, they can be a great way to make a significant profit, if you have the right team on your side.

Lending a Helping Hand: 3 Ways to Make Money on a Fix and Flip, According to Hard Money Lenders Texas Investors Trust 

If you have decided to use hard money lenders Texas home flippers rely on, there are a few things you should know about purchasing a fix and flip. 

1. Carefully evaluate the neighborhood. Hard money lender, Texas realtors, and seasoned investors know that the location of a home matters more than any expensive finishes you could add into it. Do your research to find desirable locations and up and coming areas of town. A good rule to follow is to try to buy the worst house on the best street because it has the most potential. 

2. Don't over-invest. Don't spend too much on high end finishes if they won't earn you a decent return on your investment. 

3. Use the right hard money loan product for your needs. Whether it is a residential loan, interest only loan, or even a commercial loan, Texas hard money lenders have the loan product that will be the best for you.

Once you have decided to use hard money lenders Texas, find the right lender for your needs.

Do your research and find a lender who is honest, knowledgeable and who you trust to steer you in the right direction. 

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
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Danger, Buyer Beware! Pitfalls Hard Money Lenders in Texas Want You To Know About

If you are considering a hard money loan funded through hard money lenders in Texas, your lender wants you to be aware of any and all risks that might be associated with your investment. Being informed can help save your money and your time. 

Texas hard money loans can be an investor's dream come true. Easy approval, little paper work, and fast access to funds make them ideal for many real estate investors. However, if you are working with hard money lenders in Texas, they want you to know that there are also risks associated with Texas hard money loans.

The main risk with Texas hard money loans is that you may lose money. This is actually the primary risk with almost any investment. If you purchase a fix and flip home, it is possible that the real estate market could crash or the home simply may not be worth as much as you anticipated. In addition, unexpected repairs can add up and if the project takes too long, you may end up paying too much interest on your loan.

In addition to losing money due to the real estate market or costly repairs, it is also possible to pick a bad lender that could end up costing you. If you choose an inexperienced lender or, even worse, a dishonest one, your money can be in jeopardy.

Hard money lenders in Texas want you to be aware of these risks not to scare you, but to make sure that you go into the investment informed and protected. Also, there are several steps you can take to minimize your risk and help protect your investment.

Ways to Risk Less With Hard Money Lenders in Texas

One way to risk less with hard money lenders in Texas is to do your research. Before you commit to an investment property, have it appraised and inspected. This will help make sure that you can sell it to recoup your funds and that no unexpected issues pop up during your renovation. You should also shop around for quotes of any job you do, don't take the first plumber if he isn't the best and most cost efficient. 

A second way to risk less is to interview and research hard money lenders in Texas. Choose a lender who is honest and has experience with Texas hard money loans. Talk to past clients and look at information other than what is easily found on the lenders website. This will help you make sure you are choosing a lender who is truly on your side. 

Once you have decided to take the plunge with hard money lenders in Texas, make sure you protect yourself and your money. 

Call our experts at Level 4 Funding to learn more about Texas hard money loans today! 

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
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Get a Loan With Bad Credit (Hint, You Need Texas Hard Money Lenders)

If you have bad credit but need cash fast for a real estate investment, Texas hard money lenders have a variety of specialized loan products that may be for you. Learn your options and how hard money loans can help bad credit borrowers.

Bad credit can happen for a number of reasons. Everything from a few mistakes when you were younger, to divorce, or job loss can cause your FICO score to dip down below a prime score. If you have bad credit, you probably assume that you will not be able to get a loan for an investment property. When you are working with Texas hard money lenders, you will find that this is not true. As long as you have a job and source of income, you can get a hard money loan.

A hard money loan is an investment loan from Texas hard money lenders that is secured by real estate. You find a property you want to purchase as a short term investment and sell yourself and your investment to your lender. You need to come up with a solid game plan on how your investment will make money for both yourself and your Texas hard money lenders. If your lender agrees that your investment has merit, they will lend you the cash to purchase the property. The best part? Usually your FICO score has no bearing on whether or not you are approved for a loan, only the merit of your investment.

A Few Things About Hard Money Loans You Texas Hard Money Lenders Want You To Know

If a hard money loan sounds like a great idea, there are a few things you need to know so that you are informed about your loan product. First and foremost, know that you will be charged a higher interest rate. Your Texas hard money lenders are taking a risk on you and because you have bad credit, your loan will cost more. Interest rates vary by lender and can be anywhere from about 8% to 15%. Also, you need to remember that a hard money loan is a short term loan. You should plan your loan timeline in months, not years. This will minimize the amount of interest you pay and help you make more money in the long run. Finally, you also need to know that you will not be able to borrow the full value of the home your are purchasing. Loan to value ratios are anywhere from 70% to 90%, depending on the lender. Keep this in mind so you can save up for a down-payment. 

Once you have decided to move forward with a hard money loan, contact Texas hard money lenders

Your hard money lender will be there to answer all your questions and help you through the loan process. They are there to help make your dreams come true!

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
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.