Setabay Private Hard Money Lender

Tuesday, January 8, 2019

Making Money Using Loans to Flip Houses

You don’t need money to start flipping house. You can use loans to flip houses. Find out how that works here.

Just about everyone has heard the adage, “It takes money to make money”. What many people don’t realize is that you don’t have to have that money in your bank account. Instead, you can simply borrow the money.

When you borrow money to get into a new business, such as flipping houses, you can pay back the loaned amount and make a profit. How does that work? Read on.

Using Loans to Flip Houses

As long as you can be approved for a loan, you can get into the business of flipping houses. Even if the loan amount is not high, you can get started.

This is case study of a person who used loans to flip houses and is now a millionaire.

Jared Betty was approved for a $85,000 loan. With that loan, he worked with a Realtor to find a property that was $53,000. This property was a foreclosure that needed a little work. After purchasing the home, he put $25,000 into the home to bring it up to code and beautify it.

As soon it was ready, he had the Realtor that helped him find it put it on the market. It sold within a week, and he sold it for $95,000. He took the remaining money from the loan he received to pay the Realtor and pay back the loan. He then took out another loan, and since he had a previous loan that was paid for quickly, he was able to get approved for $100,000 the second time.

He used that money to purchase another fixer-upper, and used the remaining to renovate it. This time, he was able to double his investment walking away with $100,000 after paying his Realtor and the loan back.

With $100,000 in profit, he purchased a home that was about $80,000, put in $15,000 for renovations, and sold it for $135,000. His profit was $40,000.

Jared now rolls over his profits into bigger homes for more profit. He makes hundreds of thousands of dollars from each sale instead of tens of thousands.

You can do this too if you decide to use loans to flip houses.

The business of flipping homes is not difficult. With so many loans available, you can find ones that fit your current financial situation. No matter if you have no credit or bad credit. You can get out from being stuck in a financial pit. Use loans to flip houses to make money for a secure financial future.

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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Monday, January 7, 2019

Becoming a Successful Flipper with Loans to Flip Houses in Arizona

Want to flip homes but can’t find the money? Loans to Flip Houses in Arizona could be just what you need to finance your renovation dreams.

Flipping houses in Arizona can be a great source of extra income, but it can be an expensive ordeal. With the cost of the space you plan to flip and the renovations, you could be looking at a big budget. Loans to Flip Houses in Arizona can help you purchase and flip the homes you want, meaning less money coming out of your pocket to start off.

Because homes and the renovations that go with them are so pricy, it can be tough to save enough to pay for it all without assistance. First, you have the home itself. Then, your renovations can get to be thousands upon thousands of dollars if you have a lot of work to do on the home, and you should always save room in your renovation budget for unanticipated repairs.

Even if you’ve never done reno, you know that you always come across surprises in the reno process that lead to extra costs. Just watch an hour of HGTV and you’ll see that renovators always run into kinks and must ask the homeowners for a more money in their reno budget. Having that extra money in a loan can be essential in that way. When you’re faced with unexpected repairs and their costs, your loan will have your back.

What is covered by house-flipping loans?

Loans to Flip Houses in Arizona can cover everything from the cost of the living space to the renovations, leaving you with little to cover yourself at the get-go and allowing you to anticipate unforeseen costs. Keep in mind that renovations can mean new home appliances, flooring, paint, layout changes, and fixing damage, which can all rack up costs. The more work you need to get done, the more money you’ll need, and you can’t forget about the likelihood of unexpected repairs.

If you’re eager to flip but are hesitant to take out a loan, fear not. You can produce tens of thousands of dollars in profit from flipping depending on the size and property type of your listing, and there are many private Arizona Hard Money Lenders that can work with you to fit your individual loan needs. Plus, the large profit margin associated with home flipping will help you pay back your loan when it comes time to do so.

Consider choosing a hard money lender for your loan needs.

Arizona Hard Money Lenders can offer great rates on Loans to Flip Houses in Arizona and make it worthwhile for you to get one if you’re looking to flip. Depending on the lender you choose for your loan, you can get anywhere from a couple thousand dollars to millions for your flipping project loan. Look into getting your loan from a hard money lender, who offer equity-based loans at competitive rates.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Are Arizona Hard Money Loans Right for You?

In an expensive world, it can be tough to pay for a home, a car, or a property up front. Keep reading to see why Arizona Hard Money Loans can be a great alternative to traditional bank loans and help you in your time of need.

If you’re looking to make a big purchase in the near future, you might be tempted to head to the bank in search of a loan, but you should know that this is not your only option. Arizona Hard Money Lenders use a different loan process than banks which can be quite beneficial.

Arizona Hard Money Loans can be an excellent option for those with poor credit or no loan history because the loans are equity-based, not financially-based Banks review your history of credit and your ability to pay back loans, and then decide whether to grant you your loan. Arizona Hard Money Lenders ask for a piece of collateral in exchange for your loan money. Rather than focusing on your credit and loan histories like banks do, Arizona Hard Money Lenders place emphasis on the collateral. If you have little or no credit or loan history, these loans could be the way to go.

A downfall of traditional bank loans is their rigidity. Private hard money lenders, on the other hand, work with clients individually to find a loan strategy that works for them. Banks can have strict corporate policies and aren’t able to be as flexible as hard money lenders, who can set up plans to meet your individual needs.

The speed at which Arizona Hard Money Loans are processed is another one of their benefits. Banks can take what seems like forever to grant loans, while Arizona Hard Money Lenders can make the process much faster and easier. If you have collateral to offer, lenders will likely be inclined to grant you your loan.

Speed plays a factor in the length of the loan, as well. A hard money loan usually works best as a loan meant to be paid off in about three to five years, so quick approval time can be helpful. Hard money lenders’ simple process can make getting these loans easier, eliminating the stress of dealing with banks.

Types of Hard Money Loans

SetaBay, a hard money lender based in Arizona, offers many different options for loans, including:

- Rental Purchase/Investment Loans

- Fix & Flip Loans

- Buy & Hold Loans

- Construction Loans

- Business Loans

- Bridging Loans

Explore your loan options with SetaBay.

If you think a hard money loan might be right for you, review your options and learn more about the lending process with a private lender like SetaBay. Visit their website SetaBay.com to gain further insight about hard money lending and discover what loan strategy you want to pursue. Banks loans can be complicated, but Arizona Hard Money Loans are simple. Have a stress-free loan experience by using SetaBay for your loan needs.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Getting a Business Going with a Commercial Hard Money Loan

When you have a dream of owning a business and you don’t want to wait months for financing, commercial Arizona Hard Money Loans may be the best choice just like it was for me. Read my story to understand.

Working in corporate America is not anyone’s idea of a dream come true. Grinding each day making money for someone else who just sits back and collects makes anyone bitter. That’s why when I had a vision and plan to create my own business, I knew I had to run with it to make it a reality.

The only problem was that I didn’t have the funds to start my business. Like people always say, “It takes money to make money”. I went to my local bank and they said that I would have to wait two to three months to get a business loan and that was after I was approved for it...if I was approved for it.

I couldn’t wait that long. I had to do something quickly.

The Way a Commercial Hard Money Loan Helped Me

As I was doing some research online, I learned about commercial hard money loans. They seemed perfect for what I needed.

Not only do they give you the loan amount within 10 days of approval, they don’t have any upfront fees and the paperwork is minimal. I also didn’t have the best credit, so that was a plus too.

The only limitation for me was that they based it on real estate assets. Since I did have a second home that I rented out during the summers, I decided to use that as my asset. They use it to determine how much they will be able to loan you. Usually, it’s 60-75% of the value of the asset.

I called the hard money lender and started the process. It only took a few minutes to give him all of the information. The lender let me know that there was no loan committee to review the application, so the decision would be made in a matter of a day or two.

The very next day I received the call I was hoping for – I was approved!

Without the commercial hard money loan, I would have never been able to make my dream of owning a business a reality.

To this day, I still can’t believe I made it happen. I’m a proud business owner with several employees who work for me. I love being able to make money while I’m at home spending time with my family. It’s all because of the money I was able to receive from the hard money loan.

If you have the same dreams as I did, go ahead and turn them into a reality. You can get started with a loan from commercial hard money lender.

Top Five Reasons to Use Hard Money Loans

Are you curious about hard money loans? Find out five reasons people use these loans to help you decide if they are right for you.

Arizona Hard Money Loans are provided by private investors and companies and are secured by real property. People turn to these loans for a number of reasons, but after working with so many clients over the years, we’ve seen the same types of situations come through. We wanted to identify those reasons here in case others find themselves in similar scenarios.

Five Reasons Business Owners Should Turn to Arizona Hard Money Loans

#1: Need Cash Fast

Arizona Hard Money Lenders understand how important it is to get money quickly. They work fast to ensure their borrowers get the funds they need as quickly as possible. Most clients are business owners with suffering businesses, so time is of the essence. After a quick assessment and value calculation, an application can be approved, and money sent.

#2: Crumbling Business

All businesses have their ups and downs, but that doesn’t mean they should close as soon as something hits. To stay afloat, many businesses decide to turn to Arizona Hard Money Lenders to help them. These lenders provide loans based on the value of their property, and can give up to 75% of the value to the borrower.

#3: Bad Business Credit

Bad credit doesn’t just hurt an individual, it can hurt a business as well. When a business owner needs a loan, it can be extremely difficult to get one unless they turn to a hard money one. Credit is taken into account, but only for interest rate determination. At times, this is not as important when considering the life of a business.

#4: Business Mistakes

Everyone makes mistakes, and it shouldn’t cost you a business. If that happens, loans can be a saving grace from a shutdown. Get out of the consequences of your mistake, and move on knowing what not to do in the future.

#5: Seasonal Slowdowns

Most businesses have slow times of the year. Sometimes, these slowdowns can cause businesses to fold unless they prepare for them. Even when people don’t prepare for them, they can turn to Arizona Hard Money Loans to get through that hard time. When business picks up, they pay back the loan and are highly thankful for the financial help they received.

Arizona Hard Money Loans are highly sought after because they are easy to get and the money is sent quickly.

If you’re business is suffering financially in any way, consider turning to a hard money lender. This person can help you with a loan that could save your business from going under. Once you get your head above financial waters, you’ll have some time to build up your business to pay back the loan and move on towards success.

Banks v. Hard Money Lenders: Which Is Best for You?

When looking for a loan, there are a few places you could go, but how do you know what lender will work best for you? Banks and Arizona Hard Money Lenders have very different loan processes, so it can help to know about each of them to make a wise choice.

With the different loan options out there, it’s easy to feel a little lost. Banks and private lenders are very different, so one may be better than the other for the loan you need. Here are some of the major differences between banks and Arizona Private Money Lenders:

Application process

The bank loan application can be long and complicated, but might work for those who don’t need loans quickly. The process involves bankers going through your information in great detail to determine if you qualify for a loan, which can take some time.

Loan applications with Arizona Hard Money Lenders tend to be shorter and less complex than bank loans, meaning private lenders could be a good choice if you need a loan fast. Because private lenders tend to be more focused on collateral than financial history, the application process here can be much quicker than that of banks.

Approval

Bank loan approval is based on your finances, including your credit score and your past ability to pay back loans. A good financial history is your best way to get a loan from a bank.

If you have poor credit or loan history, Arizona Hard Money Lenders are the best choice for your loan. Arizona Hard Money Lenders base their approvals on collateral rather than your finances. Having collateral will motivate lenders to approve your loan, as they will collect your collateral if you are unable to pay off your borrowings.

Flexibility

Banks can be tied to their company policies. If they require a certain credit score for loan eligibility and you don’t meet that, you could be out of luck. Additionally, their payment plans, rates, and loan lengths might be rigid depending on their policies.

Private Arizona Hard Money Lenders have much more flexibility with loans. Lenders can adjust payment plans and other loan elements to help each client individually, which can be great if you need specific issues addressed.

Choose the lender that best fits your personal needs

Selecting the loan provider that is right for you should be based on your individual loan needs. Arizona Private Money Lenders work well for short-term loans that you need quickly and provide a straightforward, simple loan process. Banks could be better for longer loans, and work well if you have good credit.

Research Arizona Private Money Lenders to get more information about benefits, rates, and types of loans granted.

Although banks have their advantages, Arizona Private Money Lenders can work wonders for you. Research private lenders like SetaBay to learn more about their loan processes.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions