Setabay Private Hard Money Lender

Tuesday, July 19, 2016

Are Hard Money Lenders in California Turning You Down?

If you have done your research and have decided to pursue a Hard Money Loan, getting approved should be no problem. However, sometimes it is; and that can be truly disheartening. But, don’t give up! There are ways for you to adjust your approach and get the money you need.

First, you need to keep your deals at our below 65% LTV. That means that you are not asking for an amount that is more than 65% of the property’s value. But, that’s not all there is to it. So much more goes into Hard Money Lenders in California decision than you even know.

Often, it is not just the dollar amount that matters. While it is important to keep that LTV at a reasonable amount, keep in mind that many lending institutions send out evaluators and appraisers to inspect properties on their own terms. It’s not that they don’t trust you or your appraiser’s judgment, they often just need to see it for themselves before making their decisions.

Reasons Hard Money Lenders in California Might be Rejecting You+

Like I mentioned before, it’s a tough situation to be in when you feel that your Hard Money lender is being harsh on you and unforgiving to your circumstances. However, they are trying their best to work with you, but are taking such a significant risk in loaning to you, that they have to protect their assets as well.

One thing Hard Money Lenders in California tend to shy away from is sketchy neighborhoods. This is true for fix and flip loans and investment loans. Several factors are taken into account when assessing a neighborhood: crime rates, cleanliness, the real estate market in that area, percentage of ownership vs. rental, etc. Don’t plan on getting a large loan to fix up a mansion in the ghetto. It just won’t work.

Hard Money Lenders in California want to see a return on their investment. That’s why they’re in the business in the first place; makes sense, doesn’t it? The funds available for these loans come from private investors looking to make a profit on the money they aren’t needing at the time. They need to know you can pay; if you can’t, you may not get approved.

Hard Money Lenders in California are there to help you out, so understand their risk, do your research, and keep pursuing your loan until it works out.

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

Monday, July 18, 2016

Common Mistakes for dealing with Hard Money California

If you’re looking to be savvy and make a profit with Hard Money California, look no further. We can supply you with all the information you need and before you know it, you can be making money along with thousands of other Americans working in the real estate market. You can use Hard Money California to invest in real estate, but there are risks and pitfall you need to be wary of. Here are three things to not do when working with Hard Money fix and flip projects in your area.

Three Mistakes to Avoid Making with Hard Money California

Taking too long: After you get the Hard Money California loan, it can be tempting to make your plan and sit on it for a while. However, this is a common mistake and could end up hurting you severely in the long run. Have a plan in place before ever even applying for the Hard Money Loan, and plan on starting your repairs the day you get the money. Your fix and flip repairs should take about two weeks, but definitely no longer than a month. The only way to make a profit is to get things done, so you need to do just that. Get in, get out, get on your way.

Misestimating the time on the market: This can be a tough call to make. Definitely be consulting with local experts such as real estate agents or appraisers that work primary in the area or location you are working out. Get a feel from them about how long you can expect for the average time on the market for a property that is priced properly. If you only have a three month loan and the average time on the market is six months, you could be in quite a situation trying to pay that loan back before your fix and flip project has actually sold.

Overpricing: It’s understandable that you want to get more for your money. The entire reason you invested in the Hard Money California process is to make a profit that makes your home worthwhile. However, some contractors overestimate the value of their time and that can be a harsh reality to face. Don’t set the price of the property higher than other homes that compare to it or you are simply wasting your time. You don’t want to be sitting on a huge loan to pay back and a property you are trying to sell without any resources to take care of either. Keep your prices reasonable and allow the process to work its magic.

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: califronia hard money loans,california hard money

Will you have to make a down payment with your California Hard Money Loan?

This is indeed the question of the hour. Do Hard Money Lenders require a down payment? Unfortunately, this question isn’t answered as easily as yes or no. Most of the time, the answer is “no.” But, that isn’t always the case. Let’s take a closer look.

First, understand that there is a difference between a down payment and needing money to start the deal off from the beginning. You will find that various Lenders will require a certain percentage as a down payment, and as with any other loan, this percentage will be calculated based on your credit score. So, while a low credit score won’t necessarily keep you from getting approved for California Hard Money, it may keep you from getting a low down payment or interest rate.

Remember that all California Hard Money Lenders are taking a significant risk in loaning money to you, and the certainly have to assess that risk to ensure they stay in business. If the lending institution or person decides to take a chance on you, the down payment will probably be calculated on a case-by-case basis. Ultimately, Hard Money Lenders are trying to make a profit, not treat this as a charity case.

Understanding the thinking of California Hard Money Lenders

Again, this is not a charity deal on their part. They want to give you the money, but they do not want to end up losing money in the long run. Many times, California Hard Money Lenders will loan you an amount of about 60-70% of your LTV (loan to value ratio). That is a pretty significant chunk of money considering that they don’t have to give you any at all.

Sometimes customers consider that 30-40% gap between the actual purchase value of the home and the amount you are lent as a down payment. This is not the case. You will be required to come up with some of the money on your own, but it is not generally put toward the amount you owe on the loan.

For fix and flip projects, California Hard Money gets even more complicated. Before you even apply for California Hard Money, you will likely have estimated numbers in mind. You need to know how much the property is worth, how much the repairs will cost, and how much the property will be worth when it’s all said and done. Obviously, you are in this for a profit so that last number needs to be higher than the first two combined. When Hard Money comes into this situation, remember that the Lenders may calculate things differently than you, and what they say goes.

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: califronia hard money loans,california hard money

Need Help? Hard Money California!

It doesn’t matter if you are in a tough financial situation or if you are looking to build or buy your dream home or business, Hard Money California can help!

Very few things are more worrisome than trouble in your financial world. Your financial past shouldn’t determine your financial future! That’s where Hard Money California comes in so darned handy.

While the interest rates may seem a little steep, you have to remember a few things about Hard Money California. First, keep in mind that Hard Money Lenders take a large risk in loaning their money to you. Not only do they loan the money to a complete stranger, they do not base the loan on your credit, income, employment history, or ability to pay. Can you imagine handing your money over to a complete stranger, never knowing if you are going to see it again?

Hard Money California Tried and True

Hard Money California is a tried and true method of receiving money fast. They are on you, the borrower’s, side and they want your property purchase to be successful. So many California citizens are looking to Hard Money Loans to make their lives easier. These money Lenders want to help you out and will be willing to do so if they can see that your investment or project would be profitable in some home.

Even if you have a bad credit score, that won’t stop you from qualifying for this type of loan. In fact, as long as you make your payments on time, it can actually improve your credit in the long run. Simply said, Hard Money Loans can be easily attainable and you can avoid a lot of the trouble and hassle of a bank loan’s paperwork.

Applying for Hard Money California is super easy. You just find a lending institution you feel good about and get on your path to success. You only have to deal with one specialist and you can often have your answer of eligibility within thirty minutes. Then, you can receive your money within 24 hours. This is great for houses and residential buildings that have a lot of bids on them because you can quickly and easily put in your offer and know you won’t be topped.

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: califronia hard money loans,california hard money

Hard Money Lenders in California Simplified

Are you sick of the non-stop impossible to understand jargon of money lending? The talk of the money lending world is tough to understand and can leave you feeling confused, frustrated, and exhausted. It’s time to stop the nonsense and get down to business. Here’s what Hard Money Lenders in California are all about.

These companies offer a unique loan in that it is real estate backed instead of based on your income or financial past. Usually, these loans are short term and tend to range anywhere from six to thirty-six months. A surprising amount of loans end up being even less than that.

Usually, Hard Money Lenders in California loan only for property or real estate investments. However, this is actually not as limiting as it sounds. You can use a Hard Money lender in California for the purchase of your dream home, for an investment in a “fix and flip” project, or for a residential property investment. All of these can be easily funded and quickly too!

Hard Money Lenders in California Working for You

Hard Money Lenders in California want you to succeed. However, as with any money lending institution, you need to be careful. You can’t trust just anyone. Do your research and know what you are getting yourself into. Know the estimated value of the purchase you want to make and come up with a ball park figure of what amount of money you think will be lent to you.

Keep in mind that Hard Money Lenders in California are going to charge you a bit more interest than a regular loan, but remember that it is a significant risk on their part to lend to you without pay stubs, tax information, or any knowledge of your financial past.

If you feel that you may not be able to qualify for a traditional mortgage loan, maybe it is time to look into Hard Money Loans.

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: califronia hard money loans,california hard money

California Hard Money: A (nearly) Guaranteed Way to Get a Loan Fast

How many times have you applied for a loan and got rejected because of poor credit, low income, or a bad financial past? Isn’t it time you left all that behind you and moved on with your life? If you can forget the past, Lenders need to, too. Unfortunately, they don’t. Your financial history can haunt you like a ghost and leave you feeling frustrated and hopeless.

However, with California Hard Money Loans, that doesn’t have to be the case. These loans are different than what you are probably used to and are so easy to apply for. After you have been approved for an California Hard Money Loan, you can have your money in as little as one day. And the best part? You don’t have to wait days to see if you qualify. In fact, some Hard Money Lenders in our state will inform you of your eligibility within thirty minutes.

How to Apply for California Hard Money

Applying for California Hard Money is easy! You simply find a suitable lending institution, talk with a specialist, and you are well on your way to having your loan money in your pockets.

Remember, these loans are equity-based, so that means your income and credit score doesn’t matter quite as much as the property you are buying. The amount of the loan you will receive will depend pretty much on the value of the property or home you are planning to invest in. Which is nice for you, because the more expensive the home, the higher loan you are likely to get. You can even get a loan of up to 80% of your home’s value; although, loans right around 60% are more common.

Your lender will let you know if you qualify for California Hard Money within about thirty minutes of applying, and then you can have your money that same day. Basically, you need to show the lender that you can complete the project and pay back the loan, but you don’t need to provide much by way of documentation. Bring your information with you to the lending institution though because it’s always good to have on hand.

Get in and out and be on your way with California Hard Money today!

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: califronia hard money loans,california hard money

A Better Way to Get Approved: California Hard Money

All too many Americans are giving up on their dream home or property because they fear that their poor credit or financial circumstances will stand in their way. Granted, money controls a lot of things in our world, but don’t let it stop you from your dream. Have you ever considered California Hard Money to set you on the right financial path? If not, this could be just the fix for you.

Don’t go through with sketchy under-the-table sort of loans when you can’t approved from a traditional lending institution. And, as appealing as it sometimes sounds, do not borrow from friends and family. This can often lead to broken or frustrated relationships and it’s simply not worth it. Instead, try California Hard Money.

California Hard Money can help in a Big Way

While interest rates can run a little higher for California Hard Money Loans (typically 8% for a six month loan) they can actually give you that boost you need. Often times, Hard Money Loans are credited for about 70% of the property value. That is a huge amount of money considering approval is not based on your income or financial past.

The actual approval process for an California Hard Money Loan is super easy. Follow these quick steps to be on your way to success with your property or home:

1. Find and contact a Hard Money lender in your area.

2. Ask questions about the Hard Money Loan you are looking into.

3. Figure out how much you will need and how much your property or potential home is worth.

4. Get approved for your loan and get the money in as little as 24 hours.

5. Start your new home project today!

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: califronia hard money loans,california hard money

Setabay Private Hard Money Lender

Tuesday, July 19, 2016

Are Hard Money Lenders in California Turning You Down?

Reasons Hard Money Lenders in California Might be Rejecting You+

Monday, July 18, 2016

Common Mistakes for dealing with Hard Money California

Three Mistakes to Avoid Making with Hard Money California

Will you have to make a down payment with your California Hard Money Loan?

Understanding the thinking of California Hard Money Lenders

Need Help? Hard Money California!

Hard Money California Tried and True

Hard Money Lenders in California Simplified

Hard Money Lenders in California Working for You

California Hard Money: A (nearly) Guaranteed Way to Get a Loan Fast

How to Apply for California Hard Money

A Better Way to Get Approved: California Hard Money

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