Setabay Private Hard Money Lender: Arizona hard money

Showing posts with label Arizona hard money. Show all posts

Monday, March 20, 2017

Hard Money Loans in California Just One Way To Get Your Pot Business Started

Federally insured financial establishments are not allowed to work with pot dispensaries but if you want to get into the business, you have to get your money from somewhere. Hard Money Loans in California are one option, but there are others.

It probably still sounds strange to some, but depending on how you do it and which state you live in, it can be legal to sell marijuana. If the media has taught us anything, there is some serious cash to be made in legalized pot. However, since the federal government does not recognize it as legal, federally insured financial institutions are not allowed to approve loans for marijuana dispensaries or even take deposits from them.

So—does this mean you have to be already independently wealthy to open a pot dispensary? Of course not! There are ways to find the money. Hard Money Loans in California are a common method, but they are far from the only option available.

Options Other Than Hard Money Loans in California For The Pot Industry

Hard money loans can be obtained to get the capital you need to get started, but what if the terms are not that friendly and you have already hit up every other hard money lender in the area? Are you screwed? Is this guy dictating such terrible terms because he knows you are screwed?

You aren’t, of course. But it will get a little more challenging to find your funding. The following are a few options:

• Friends and family: It can be embarrassing and hard to ask your friends and family to invest. Doing so certainly comes with an element of risk (how do you tell your brother to quit sticking his nose in the business when he put up $50,000?), but your family and friends are less likely to charge you an insane amount of interest.

• Attend industry events: If you want to find someone who is pro-marijuana and could be interested in investing in a dispensary, attend a trade show, conference, or some other kind of gathering. They wouldn’t be there if they were not interested, and if they don’t have the money to invest, they may know someone who does.

• Private equity funds: This will probably not work if you are trying to get started, but if you are established, have a brand, and want to expand, private equity firms are becoming interested in the market and may be willing to strike a deal.

• Foreign investors: According to some cannabis industry insiders, there have been some Chinese investors making waves in Oregon of late. The talk is just being classified as “rumor” for now, but if you are running out of options, it is something to keep in mind.

There Are Always Options…

If you want to get into the business bad enough, but don’t want to sell your soul to get approved for any Hard Money Loans in California, there are options out there. You just have to look for them and be open to the possibility.

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.

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Tuesday, January 10, 2017

Level 4 Funding LLC Arizona Private Hard Money Lender

About 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.

Free Report The 8 Things You Must Do To Be A Successful Home Flipper

Wednesday, September 14, 2016

Phoenix Real Estate Is Booming–So is Everywhere Else!

Based on the data provided by S&P Case Shiller, the bottom is over (See Graph Below) and we are moving up again and this time it’s going to be even bigger!

It appears from the graph of the Phoenix House Values below, that the real estate market in the Phoenix area is heading up. Is it time to buy real estate again? How long will it take to come back to normal? Should I get out of the market and wait? These are hard questions to answer but Dennis makes these recommendations:

The upturn in values are due to LACK OF INVENTORY AND RECORD LOW INTEREST RATES.

Keep your home if possible. Do whatever it takes to keep the current home.

Do a Mortgage modification? HAPR 2. Its possible but there are very few who are successful.

If you ‘bail out’ and let the bank foreclose, you will not be able to purchase a home for 5-7 years, maybe even never again!

Inflation will it come back and will the value of the dollar drop dramatically? (This could change if the USA will cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%. I don’t think this will happen.)

The amount of debt in the USA will continue to grow. The amount is very frightening.

At this rate, in 5-7 years, it will cost $10 to buy a loaf of bread. Gasoline will cost $25/gallon. And the average starter home price will be $600,000.

Get out of debt; get rid of the credit cards and pay them off. Purchase only if you have the cash. Do not get into any debt. (I sound like your mother here, but she was correct.)

Start a side business. It’s too difficult to explain why here, but the best reason is the potential tax advantage and the possible income. Your own side business is the LAST area the government has yet to attack. Make it simple and get going. An extra $400 per month really helps.

If you are able, purchase quality single family homes in a good area and turn them into rental units. (Your side business?)

I’ve talked to a lot of people who feel that they can ‘let their home go and rent for awhile’. Rental rates are lower than their mortgage rates. Yes, they are! ‘We can save a lot of money by renting vs. paying the mortgage, and in 2 years we can purchase again and have a good down payment.’ Well, it’s actually going to be 5-7 years before your credit report looks good enough to purchase a home again. And can you really save the money? Most people will spend the money on toys. If hyper-inflation hits, like some economists predict, then you’ll be priced out of the market. Do you want to take the chance? Keep your home, do a HARP 2 Mortgage modification, and hang on — the next 5-7 years are going to be enjoyable.

Dennis Dahlberg is Broker/RI/CEO of Level 4 Funding, with many years of experience in lending, flipping and fixing. UPDATED 9/13/16

For Phoenix the bottom was officially September 2011.

For a PDF of this Graph Click Here

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.

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Monday, April 27, 2015

Arizona Home Loans for Bad Credit Borrowers: Hard Money Loans

If you have a low credit score, you may think that investing in real estate is impossible. However, Arizona home loans for bad credit and even qualify for loan programs designed specifically for real estate investors. there are a variety of programs geared towards real estate investing and it is possible to find

If you have bad credit, it probably feels like you will never get ahead. You are stuck in what feels like an endless cycle of work and debt. Working to pay down debts but never making enough to do it completely. You may even be stuck in a dead end job that you hate. With the average American spending nearly 33% of their time at work, it is far too time consuming to be doing something you hate. But if you have bad credit, you may not have time to job hunt as you are too busy trying to make ends meet.

One way many successful Americans have broken out of the daily grind is to work from home doing full time real estate investing. However, if you have bad credit, it may seem like this dream is beyond your reach. It is not. There are different Arizona home loans for bad credit programs that can help you qualify to purchase investment properties.

Arizona Hard Money Loans

For many people with bad credit, they assume that real estate investing is out of their reach because a bank will not lend them money for a mortgage. An Arizona hard money loan is a type of loan that is designed specifically for real estate investments. It is backed by an investor or group of investors instead of a bank. The loan is for a short period of time, usually a few months to about 4 years. The goal of the loan is a true investment, for everyone involved to make money.

Since a hard money loan is backed by investors, they are more likely to give loans to individuals with bad credit. Instead of only looking at numbers, the investors look at the potential for the property to make money and don’t focus solely on the credit score of the borrower. Once the borrower has renovated the property and sells it, the investors make back their money plus a certain amount of interest. The borrower also makes money on the investment so it is a win/win situation. One thing to be aware of is that hard money loans are short term loans. Usually the loan is only for about 24 months but some companies will offer longer terms. In addition, you will pay a higher interest rate because you represent a greater risk to the investors.

In order to obtain a hard money loan, you need to work with a mortgage broker or private investment firm. You would determine a property that you wish to purchase that is a sound investment. Typically these are fix and flip type houses that can build equity quickly. Once you have a property in mind, your broker will connect with a hard money investor or investment team. The investors will examine the merit of the property and the money making potential. They will use this information to determine whether or not they want to invest their capital. With many hard money lending companies, you can get fast approval.

If a hard money loan sounds like a good investment for you, talk with a mortgage broker. A hard money loan is a special type of Arizona home loans with bad credit in that it allows individuals with bad credit to make real estate investments. These investments can have high returns and have great money making potential. If you have bad credit but want to invest in real estate, a hard money loan might be a good option for you. Talk with a mortgage broker today to help you secure your loan and begin your real estate investing journey.

A hard money loan can be the perfect option to help your work from home and make more money.

Once you have chosen a property and secured a hard money loan, you can work on renovations or selling at your own pace. You get to be your own boss. You will also earn money once you sell the property and the sum you make will most likely be more than you make at a low level job. You can use the extra income to help pay off debt and get your credit back on track. In addition, a hard money loan is a great Arizona home loan with bad credit option to help you rebuild your credit history.

A hard money loan is a win-win situation. You get extra money and the potential to start your own business of sorts, making your own schedule and being your own boss. Talk with a broker, investor, or other financial professional to start investing with hard money loans.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Tel: (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Wednesday, January 14, 2015

Why Get A Hard Money Loans?

Why Arizona Hard Money Loans?

Usually, a loan that you get from the bank is based on your financial history and your credit ‘worthiness.’ This can be painstaking to the typical Arizona hard money borrower. To heavily rely on credit for some means that their loan will not be issued by a bank. When that happens, what are they to do? This is where Arizona hard money comes in.

With Arizona hard money it is much easier to obtain a loan because it is not based on the customer’s past credit score or debt. Instead it is based on the value of the property they want to flip or buy. While this could make the loan higher in interest, the quick turnaround means this doesn't make much of a difference and the Arizona hard money loan could be well worth the chance that it costs extra money. Especially since Arizona hard money loans are so easy to acquire than a traditional bank loan what with their paper work and long wait to see if you even qualify- and you might not- so it could be a big waste of time to even try.

Typically, Arizona hard money loans go to investors who need to snag a property fairly quickly for one reason or another and either wish not to do a traditional loan or they can’t get a traditional loan. Those who need money quickly are the perfect candidates for Arizona hard money because the loan comes fast and can instantly turn someone’s financial situation around. This is great if you need to avoid foreclosure or if you want to snatch up a property fast.

With two types of Arizona hard money loans available; private money lender Arizona and hard money lender Arizona, a borrower certainly has their options open. Either type of Arizona hard money will get them back on their feet and their property back into their hands.