Setabay Private Hard Money Lender: callifornia hard money loans

Showing posts with label callifornia hard money loans. Show all posts

Monday, September 19, 2016

California Private Money – Rehab Loans

If you know a thing or two about California private money then you probably know that there are several different types of loans that you can get with this particular kind of financing. For instance, if you are looking for a rehab loan then your best bet in securing that loan is either via a private lender or a lender that offers hard money financing.

Rehab loans are essentially loans that allow you to modify an existing commercial property in order to increase the overall value or worth of the property. These particular kinds of loans are typically not so easy to come by even when dealing with private niche lenders that thoroughly understand your goal and business vision. But, just because it is more challenging to secure rehab loans with California private money does not mean it is impossible.

In fact, if you do your research you can find a few reputable private niche lenders that are willing to lend a helping hand. Generally, one of the best ways to find these kinds of lenders or any lenders for that matter is to first do an extensive search via your state’s lender directory or you can start small even by doing a cursory online search of private rehab lenders. With the online lender directory, you will be able to narrow down your list of potential lenders based on the loan amount desired, the type of project i.e. industrial, commercial, land or multi-family, etc. If on the other hand, you choose to do a cursory search via a search engine such as Bing or Google, you will find a variety of local niche lenders that may be of use to you. Moreover, you can also find your future private lender by referral if you are looking for options closer to home or without the hard money middle man i.e. obtaining financing from a business associate or family member, etc.

Regardless, of where or how you find your potential niche lenders, it is important to know what each specific lender expects. In other words, you may have found a few good California private money lending options that will ultimately result in you securing a rehab loan, so make sure you know what is required of you so your business remodel is quickly funded.

Rehab Lender Expectations

Of course, it’s important to note that private money, in general, is more flexible. Consequently, what one rehab lender will require or need from you another rehab lender more than likely will not. With that being said, it is still in your best interest to learn up front what each potential lender does or doesn’t need from you.

Things to Consider with Rehab Lenders

Lastly, when dealing with your private lender remember that they generally want to some protections in place just in case you do not make the agreed-to improvements. You should also consider the extent of the project, the upside to the remodel, your personal financials and the possible prepay penalties that your private lender has a right to impose if they so choose.

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.

Friday, September 16, 2016

California Hard Money Loans—How They Differ from Bank Loans

So you are exploring your financing options for your commercial business venture and maybe you haven’t even begun to see if you meet the necessary requirements for a bank loan since you’ve got your eye on a California hard money loan. Obviously, you need to choose the financing option that will work best for you, but it doesn’t hurt to know the difference between these types of loans.

If you are in the California area or are looking at commercial real estate in California, you are probably hearing a lot about California hard money loans these days. Moreover, with “harder to find financing for” projects in your near business future California hard money loans can sound like just the thing you need. But, have you compared and contrasted the differences between these particular kinds of loans and more traditionally-funded loans i.e. good old bank loans?

Maybe you have done thorough research on bank loans and maybe you haven’t—no one is judging you. But, with state lending laws changing practically every couple of years, you definitely should stay up-to-date on what your actual lending options are. With that being said, let’s go over some of the current bank loan basics.

OF course that’s not to say there aren’t a few bank loan basics that are forever. For starters, as you may already know, bank loans are either funded via bank money or through bank-approved third party institutions. Bank loan approvals are heavily based on your credit scores and bank loans are now more difficult to secure due their specific guidelines, many of which have been put in place by state lending laws. Other major difference between hard money financing and bank loans include the how much the borrower’s income factors into being approved, interest rates, closing costs and the underwriting process ---just to name a few.

Hard Money Expectations

So what can you expect with hard money financing? Well, obviously they are generally easier to get than bank loans as hard money is less regulated by state laws. Of course, hard money is often the financing of choice when you need your business venture funded sooner rather than later. Moreover, you can expect your income to not be as big a factor for approval as it is with a bank loan. However, what does matter more with lenders who offer hard money financing options is the value of your proposed collateral. In addition to the importance of collateral, interest rates tend to be much higher with hard money in order to compensate for the fact that they are sometimes approved almost instantly with loan terms ranging from weeks to several months. With bank loan terms you will typically see terms ranging from three to five years.

Closing costs and Underwriting

Lastly, closing cost for bank loans tend to range from two to five percent of the overall loan amount whereas hard money financing ranges from 3 to 10 points depending on loan amount. And in regards to closing cost, you will typically see banks using in-house software and lenders of hard money using third party underwriting service of their choosing.

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.

Tuesday, August 30, 2016

Do you need to focus your business on celebrity real estate as a California hard money lender?

California is one of those places that gives you that feeling of fame and fortune. It comes with the territory to be honest; you see that glitz and glam and it gives you an air about yourself that is different from other places. From that movie premier to seeing your favorite actor eating at a local bistro, California is the place that you want to be. However, as a California hard money lender, is celebrity real estate the option for you?

For people that move to places like New York are like crucibles to test your grit and determination. California has the laid back appeal of that everyone loves; especially celebrities of the A-List variety. Obviously there is a market for celebrity real estate and it does not always have to be with actual celebrities. For investors new to the state, should look into this type of real estate if they are looking to making some profit.

As a California hard money lender it could be advantageous to dabble in the celeb realty market. There are so many things can be done that stem from working within this industry as well. Of course you can always go the fix and flip route with lending loans to investors that are trying to buy a home that so and so lived in a few years ago. The market is always open for people that are looking to live in a place that an actor or famous writer has lived in. You have to be on the ball when it comes to looking for investors like this, however. Just like a lot of careers, these types of listings could be on the market quicker than the blink of an eye.

What other forms of real estate can a California hard money lender can benefit from celeb real estate?

The fix and flip market is not the only avenue that you have at your disposal when it comes to the celebrity real estate market. There are hundreds of different ideas that you could possibly invest your money in. For example a lot celebrities are branching out and getting to the franchise business. Depending on location and how much time and effort. For example, say a top chef has decided to open a line of restaurants in the Southern California area. Most likely the business will be moderately successful and you will get your money back within the first couple years of the loan.

When you are focusing on celebrity clients, as a California hard money lender, there may be less issues.

You can never be too sure when you are dealing with a new client, but with a celeb client you may have a better chance of a return on your initial investment. This means that you have to wait less time to go after another possible client. Less hassle, less headaches. Also it could mean more business from top quality clientele through word of mouth. Since you are a California hard money lender most likely you have to do a lot of your own publicity; with celeb clientele there is less you have to worry about.

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.

Monday, August 29, 2016

How can school zones affect your business as a California hard money lender?

There are many things that can influence the real estate market. One of the biggest is often the school zones that are surrounding the area of property that you want to use. As a California hard money lender you should always be looking at the school zones of potential investments. They could have negative or positive affects in the long run.

When trying to find the best places to settle down and live for the next 10 to 15 years there are many things that have to be taken into consideration. Finding the right school district is one of those things. No, it may not matter to those people looking to retire, however, if they plan on selling the home or land down the line it may behoove them to live in a good district. Some people will argue that living in a “good” school district has little to do with education. This can be true, however, even if your child would be getting the same education elsewhere there are more likely better resources.

When you are looking at property based on the school districts you have to look at it on a grand scale. People are not just getting a better education for their children they are essentially getting a better life in the long run. On paper, better schools mean a better area to live in; which in turn means a better life for your family. For a California hard money lender this means more business with more affluent people. Say, for example, you are lending an investor a loan to fix and flip a home in San Clemente and the home is within a fairly decent school district. This could potentially lead to you being able to help more people move into the city.

As a California hard money lender having your business focus on school districts could be beneficial.

Now when you want to build your clientele and business you should always be looking for an advantage over your competition this would be the best place to start. One of the biggest reasons is because of the way that people are. Those 20-year-old young adults will eventually become parents; with the mindset that this area will most likely be their home for a while. Eventually once that time is up they are going to sell that home or store front to another person that wants the same as them. It spawns a revolving door for potential borrowers in the neighborhoods that you want your business in.

Can a bad school zones affect California hard money lenders?

To keep it short, yes, bad school districts can affect California hard money lenders. There has to be a negative with every positive and bad school districts can have adverse effects if not handled properly. Property near a lower quality school district could potentially mean that less people will be moving in and less structures are being built. In the long run it could mean less people in the community and less revenue.

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.

Tuesday, July 26, 2016

California Hard Money Makes Investing Easy

The other day, I found an amazing investment property. I recently started investing in real estate, and so far have been very successful. I’ve found it quite easy to find California hard money which I’ve used in order to invest in the properties that I’ve bought so far. I have found a great hard money lender California that I work with. I never knew it could be this easy! So when I found this awesome investment property, I immediately called my hard money lender California and let his office know what was going on. I filled out some very basic preliminary paperwork, and they assured me the money would be available when it was needed. That is why using California hard money to purchase my properties has been so great. I never knew that getting a loan to buy a property could be so easy. When my wife and I purchased a home a few years back, there was all kinds of red tape to go through with the banks. That’s not at all how it is with my hard money lender California.

Fortunately, and unfortunately, the investment property is bank owned. That means that unlike a hard money lender California who gets things done fast, the bank takes its time. So I put in my offer and now I’m just waiting. Hopefully things go faster than expected, but sometimes it can take months and months for a bank to approve an offer, or come back with a counter offer. I should be getting a great deal on the property, so the profit will be worth the wait, but I’m not a very patient person, so it’s a little difficult for me. That’s another reason why I like using California hard money—it’s so much faster. I am able to get my properties, flip them, sell them, and make my profit very quickly. It has been an excellent career move for me—but I would not be able to do this if it weren’t for a hard money lender California.

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

California Hard Money Lenders Get You the “Cold Hard Cash”

Some people ask the difference between hard money lenders California and private money lenders California. The answer to that question is simple—there is no difference. This money normally comes from private people who have access to a substantial amount of cash—they are extremely wealthy, and they are looking for a way to invest that wealth. So they lend money to real estate investors in order to receive a piece of their profit. So it’s obvious where the term “private money” comes from because private money lenders California are private people, but what about the term “hard money”? Well, have you ever heard the saying “cold hard cash”?

The phrase “cold hard cash” was coined (no pun intended) by merchants and traders who often handled coins. Since coins used to have a high gold and silver content, they were warm and soft and did not wear very well. When more durable metals came into use, they took note that they were cold and hard, which was in contrast to the coins previously used. Eventually, the phrase “cold hard cash” meant coins or bills that are readily and immediately available as a form of payment, verses a check or credit. Therefore, Hard Money Lenders California, are given that name, because the money is readily available to fund your real estate investment. There is no waiting period—you can almost immediately have access to your “cold hard cash” from one of the hard money lenders California. So whether you call them hard money lenders California or private money lenders California, you know that you’re dealing with a person who is going to get you the cash and fast!

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

Monday, July 25, 2016

Successful Real Estate Investing Using California Private Money Lenders

I have worked with quite a few hard money lenders California. I have been investing in real estate for years, and this is the way to go. Hard money lenders California, also called private money lenders California, will lend you money based on the property you want to invest in, instead of your credit score or history. At this point, I have pretty good credit score—and this does actually help me to get a lower interest rate from private money lenders California, which is nice. However, my credit score was pretty low when I started out, but that didn’t stop me from getting a loan from hard money lenders California. These private money lenders California do not have the same standards as banks where you would get a conventional loan. They are usually individual people who just want in on a piece of the profit you are going to make on your investment.

I have over twenty real estate investment transactions under my belt—which means that I have bought, flipped and sold that many properties since I started out. I have used hard money lenders California for every transaction. Besides the fact that the private money lenders California don’t care about my credit score, they are also a lot faster with getting the money that I need quickly so that I can get the property and start working on flipping it right away. At first, the hard money lenders California provided all the money I needed, with no out-of-pocked expenses for me, whatsoever. This was great—because I had no money at the beginning. Now, I am able to borrow less from the private money lenders California. I am very grateful for how successful I have been in real estate investing, and I don’t think I could have done any of it if there weren’t hard money lenders California.

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

Becoming an California Hard Money Lender

My father recently inherited quite a bit of money—enough to where he will never need to work again. Thankfully, he was kind enough to share the wealth, and I would not really need to work, either. However, I don’t know what I would do if I didn’t work. So, instead of sitting around and just enjoying all the money we now have, my dad and I decided to put our money to work. My dad is now a hard money lender California. This means that he lends California hard money to people who want to invest in real estate for a profit. Of course, in order to become a hard money lender California, and to do it right, he had to hire some lawyers to make sure everything is in place. He will now be able to lend California hard money to those real estate investors. He will charge higher interest rates than the banks, but it will be a lot easier and faster for investors to borrow from him.

The reason why my dad decided to become a hard money lender California is because of me. I have been a real estate investor for years, and I have used California hard money because I previously didn’t have the capital to be able to make the initial investments myself. Since the inheritance money came along, I won’t really need to use a hard money lender California, however, I will continue to invest in real estate. But I thought the idea of my father becoming an California hard money lender was just brilliant. They get a piece of profit without having to do the work. There’s also very little risk, as long as your lawyers have set everything up properly. If the investor defaults on the loan, you get to take the home, and then you make the profit yourself. I think becoming a hard money lender California was the best thing my dad could do to put his money to work!

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

Using California Hard Money to Invest in Real Estate

The other day, I saw one of those presentations on television about making a ton of money by investing in real estate. It sounds ridiculously easy—in fact, it sounds too good to be true! My thought is that you must need to have at least some money to start with, and that’s something I don’t have right now. I barely have enough to pay my bills, so having any to invest in real estate is just out of the question. However, after the mentioned California hard money, I decided to do some of my own research. I found out that a hard money lender California would most likely be able to lend me the money I need to become a real estate investor. I couldn’t believe it! Maybe it’s not too good to be true! Still, I have not yet found a hard money lender California, so I am not sure whether this could really work.

What I found from my research, is that California hard money is actually pretty easy to get. Although there is a lot of red tape to go through when you’re dealing with a conventional loan through a bank, a hard money lender California will not put you through all that. They want to invest in your investment, too! As long as the valuation of the property comes in high enough, and they see you’ll make a profit on it, they will lend you the money. So the hard money lender California bases the loan on the property, instead of on you and your credit score. When you invest in real estate, you make your profit after fixing it up, or “flipping” it, as it’s called, and then re-selling it for considerably more than you bought it. The hard money lender California, will be able to lend you all the money that you need, including what you need to flip the property, so you really don’t have to have any money to start. That’s what’s so great about California hard money! Your hard money lender California, is basically getting in on some of your profit, just by giving you the money up front.

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

Setabay Private Hard Money Lender

Monday, September 19, 2016

California Private Money – Rehab Loans

Rehab Lender Expectations

Things to Consider with Rehab Lenders

Friday, September 16, 2016

California Hard Money Loans—How They Differ from Bank Loans

Hard Money Expectations

Closing costs and Underwriting

Tuesday, August 30, 2016

Do you need to focus your business on celebrity real estate as a California hard money lender?

What other forms of real estate can a California hard money lender can benefit from celeb real estate?

When you are focusing on celebrity clients, as a California hard money lender, there may be less issues.

Monday, August 29, 2016

How can school zones affect your business as a California hard money lender?

As a California hard money lender having your business focus on school districts could be beneficial.

Can a bad school zones affect California hard money lenders?

Tuesday, July 26, 2016

California Hard Money Makes Investing Easy

California Hard Money Lenders Get You the “Cold Hard Cash”

Monday, July 25, 2016

Successful Real Estate Investing Using California Private Money Lenders

Becoming an California Hard Money Lender

Using California Hard Money to Invest in Real Estate

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