Setabay Private Hard Money Lender

Wednesday, January 9, 2019

Vacation Rentals Bring in Big Bucks and Rental Property Loans Make It Possible to Invest

I always want to have rental property in a vacation spot to make some money. I didn’t know if I ever would be able to until I learned about rental property loans.

My dream was to purchase a home on Ocracoke Island, NC so I would have a place to go with my family as they grew up. I didn’t have enough money to buy a vacation home. Even when I considered that I could rent it out during the summer to make up some of the mortgage, I still didn’t think I could afford it.

One day, I was doing some work for a client, and I learned about rental property loans. As I was reading about it, I wondered if this would be something that could help me make my dream a reality.

Some of the perks of the rental property loan is that you don’t have to have great credit. If you do, that’s good, but if not, it doesn’t stand in your way. The other thing is that you don’t have to supply or complete a ton of paperwork. If you’ve ever took out a loan from a bank, you know how cumbersome that can be... With these private hard money loans, you don’t have to deal with all of that. You also don’t have to wait what seems like an eternity to get it approved. There’s no approval committee. You work with either one investor or a small company that manually reviews it. The time it takes to get the money is short too. Most people can get the funding they need for a rental property within a week.

This all really sounds great to me, so I decided to do it.

How I Used Rental Property Loans

When I was approved and received the rental property loan in my bank account, I started looking for the perfect vacation home. I found a couple that were in the area I wanted close to the coffee shop and restaurants and within the amount I was loaned about 70% of the value of my home.

After looking at the couple of places, I decided on the first one. Since I had cash, I was able to close in a couple of weeks. I was so excited to get started on my new investment property.

I had a little bit of money left over from the loan, so I spent it on painting and decorating. I was able to buy some furniture too. It was perfect.

After spending a week at our vacation home, we went back to our primary residence. At that time, I started to promote the home to people who wanted to vacation on Ocracoke Island. It didn’t take long before I started receiving calls to book a week or more. It was great! I was able to set the rental amount higher than what I owed on my loan each month. This made it possible for me to pay off the loan quickly.

Rental property loans made it possible for me to create memories and a real estate investment income.

If you have a similar dream as mine, I recommend rental property loans. They made it possible for me to buy a vacation home and turn it into a lucrative real estate investment.

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.

How to Become a Millionaire with Rental Property Loans

Real estate is an extremely lucrative industry. Learn how taking out Arizona rental property loans can get you on the path to real estate success.

Ready to get into the rental property business? If you need some funds to start you off, Arizona rental property loans with SetaBay could be just what you’re looking for. Rental properties can make you a great deal of money, so taking out a rental loan to start your business is a step in the right direction. Here’s how rental properties can add thousands to your bank account.

Monthly Rent

The most obvious benefit of rental properties: the rent! Depending on the size, location, and quality of your rental property, you could make a pretty penny on the rent alone. If you price it right, you can use the rent to pay utilities for your property and be able to keep some nice change for yourself.

Flipping

While it’s less work to buy a property that’s already great, it can be worth your while to buy a less expensive home and renovate it. Investing in a property that needs some work can have a major pay off, as the décor and renovation costs are all up to your discretion. You can do as much or as little renovation as you would like, and you can choose interior design elements that work for your budget. By flipping wisely, you can greatly raise the value of your property.

Appreciation

Selling your rental property at a strategic time can give you a lot of money due to appreciation. As time passes, your property can grow in value, allowing you to sell it for more money in the future. This works especially well if you’ve flipped it. If you watch the real estate market, you can strategize and sell your property at a time when you will get the most for it. Then, if you’re not ready to leave the rental property business, you can invest the money into another property.

The Financial Benefits of Taking Out Arizona Rental Property Loans

Some might be worried about taking out a loan, but rental properties will pay for themselves in time. Getting a loan to begin your business and purchase a property can be extremely helpful if you don’t have as much money as you need to buy it yourself. As your business grows, your real estate revenue will help you pay back your loan in no time.

Apply for a rental property loan and start your journey toward real estate success

The lenders at SetaBay are there to address your questions and concerns and help you on your professional journey. Arizona rental property loans with SetaBay could be the way to achieve your rental property dreams. Apply now and see if a rental loan is right for you.

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.
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How to Get the Loan You Want Using Arizona Private Money Lenders

Struggling to get a loan from a bank? Arizona Private Money Lenders can be much more flexible in their loan process, meaning less stress for you.

Private Arizona Hard Money Lenders can take away the hassle traditionally associated with loans. Banks can make you jump through hoops with their complicated application processes and have you prepare heaps of financial information, while private lenders make the process much simpler. With that being said, it’s still important to make some preparations before applying for a loan with a private lender.

Before you apply for your loan, you should identify the specific type of loan you want. Money lenders like SetaBay offer many different loan options like rental or investment property loans, Arizona Fix and Flip Loans, business loans, and construction loans, among others. Research different loan options and find out which one is appropriate for your situation. Approach your hard money lender with the type of loan you want in mind to make the process easier and smoother.

One of the most important elements to private lenders is collateral. Banks make decisions about loans based on financial history, while Arizona Private Money Lenders base their loans on collateral. In exchange for your loan, you offer collateral to your private money lender until your loan is paid off. This allows for a less complicated and restrictive loan process that you can’t get at a bank. For collateral, you could offer a property you already own or the property you want to purchase with your loan.

Once you’ve identified your collateral, you should think about the loan strategy you’d like to aim for. Unlike many banks, you can negotiate the terms of your loan with Arizona Private Money Lenders. Lenders like SetaBay are able to work with you to make the most appropriate plan for your personal situation and your specific loan, as opposed to banks who can treat each customer the same as the last. Strict corporate policies can leave bankers with their hands tied, even if they want to help you. Arizona Private Money Lenders can work with you to give you what you need, so it’s wise to come in with some goals for your loan strategy like desired length and payment plan.

Arizona Private Money Lenders Make Loans Easy

Loan applications with banks can give you headaches, but this is not the case with Arizona Private Money Lenders. Bank loans can take so long to get approved just because of all the information they must go through. On the other hand, Arizona Hard Money Lenders care more about your collateral than your finances. If you have good collateral, it is likely your loan will be approved. Even if your credit is poor, you will still have a chance of getting a loan, which can be unlikely with banks.

Choose SetaBay for your Arizona hard money loan.

If you’ve decided you want to go through a private lender for your loan, consider choosing SetaBay. This private hard money lender offers many types of loans and will be there for you when you need them most. Visit their website SetaBay.com to see if their services are right for you.

Spec Home Investors Versus Flippers: Which Should You Be?

There is money in real estate just waiting to be made, but should you pick the side of flippers or spec home investors? Read on to discover the pros and cons of each and choose the investment that’s right for you.

Looking to make an investment in real estate? Good move. Real estate is an excellent venture that can be a source of income for years. Just two forms of real estate investment are spec home investments and flipping. Spec home investment involves building a home with the intent to put it on the market, and flipping is purchasing and renovating a home to rent or sell. Both can be excellent enterprises, as there is good money in real estate. Each option allows you to customize homes based on current design trends making them likely to sell if they’re priced right, but each also has its advantages and disadvantages. Figure out which investment is right for you based on the pros and cons of spec home investing and flipping.

Spec Home Investments

Pros

· Spec home investors can make great money

· It’s a unique business, so competition is low compared to flipping

· Rather than changing an existing house, building new allows spec home investors to start totally fresh

· New homes may have more appeal to customers who want their exterior and interior design to match, which might not be an option with a flipped home

Cons

· Spec home investors must buy the lot they’re going to build on in addition to building the house, which can be pricy depending on the lot location and size

· You must work with many contractors to build your home to ensure a quality build, which could get complicated

· Before hiring a contractor, you need to review as many as you can to ensure you get the best deal on the best work

Flipping

Pros

· In some cases, flipping an existing home can be less expensive than building a new one

· Flippers are able to show off their creativity and take pride in seeing spaces in new ways

· Flipped homes offer the possibility of making money quickly

Cons

· Unforeseen repairs are almost guaranteed when working with real estate, which can add to your costs

· You must work with what you have, even if what you have is a house in shambles

· Holding costs can be costly and bothersome

So, which is better?

Neither spec home investors or flippers are necessarily better than the other. One group may make more money in a specific region, but it all depends on the local market, cost of living, and a ton of other factors. The one that is better for you is the one that works best for your lifestyle.

You don’t have to choose one or the other.

Both spec home investing and flipping can be lucrative moves in real estate and can be taken advantage of by anyone with the money. If you’re low on funds, you can apply for an investment loan from a private money lender like SetaBay. SetaBay specifically offers rental property/investment loans and Arizona Fix and Flip Loans, which can help you realize your real estate goals and get you on the road to profit.

Why You Should Use Private Money Lenders to Fund a Real Estate Investment

Waiting on a lender to finance a property could cost you the investment. Getting money quickly with private money lenders is the only way to get the best real estate investments.

The housing market has been hot lately. Homes are being sold and bought every single day. Many people are not waiting on loans for houses that are basically a steal. You either have the money to buy it or you don’t, and those who do win.

We’re not talking about regular family homes – we're talking investment properties. Those that people purchase for cheap at auction, and then flip or turn into rental income.

The problem with traditional loans from a bank is that it can take weeks before you get any money. Those weeks can mean lost investments that could have made you a lot of money. It’s just not the best way to invest in real estate. You really need to have the cash in hand to act on the best deals as soon as they are available.

This is why we recommend using private money lenders. These lenders will not waste time going through paperwork only to deny you. They will not worry about credit scores. They also won’t make you jump through hoops for every little piece of information. The application process is quick and easy. You receive approval notice in just a day and money could be in your bank within the week. Yes, that means you could start looking for your investment property next week.

How to Use Private Money Lenders

Once you are approved and the funds are available, you are free to purchase the piece of investment real estate you want. This means attending a foreclosure auction or simply look for a distressed home. When you find it, you can pay cash for it. The remaining cash can be used to fix up the place. You can do this simply and quickly because you have CASH.

When your investment is ready, you can either sell it to bring in a large lump sum, or you can rent it out to earn long-term income. The choice is yours, but in either case, you’ll be able to pay off your private money loan and then the rest is just profit.

Getting out of debt and into financial freedom with private money lenders.

It’s possible to get out of the rut of debt. All you have to do is invest in real estate. Private money lenders can help you do that, so go ahead and get started. It only takes a few minutes to apply and within a couple of days you could have the money you need.

Own Your Own Business with Residential Arizona Hard Money Lenders

I’ve always wanted to work for myself. Thanks to residential Arizona Hard Money Lenders, I was able to do that, and make more income than I ever did at my corporate job.

I’m an HGTV addict. My favorite shows are about finding the perfect house, such as in House Hunters, and flipping houses. It’s exciting to see people look for something, find it, and then benefit from it. I always sat in front of the TV dreaming about living a life like that, and I can’t believe I’m living that now.

How Residential Arizona Hard Money Lenders Helped Me Make a Dream a Reality

My corporate job didn’t pay me enough to have a large amount of money in the bank. Due to several financial mistakes, I was in a lot of debt. I knew my credit wasn’t good. Once I asked a bank if they would give me a loan, so I could start investing in real estate and they denied me. I was crushed.

One day, I was talking to one of my co-workers about how much I disliked my job, and he told me about residential Arizona Hard Money Lenders. He told me how easy it was to get a loan even if I had bad credit. He said that it’s quick too – within a week I could have the cash I needed to invest in real estate.

I researched them for a couple of days before deciding to do it. Getting the hard money loan was just as fast as he said. I was approved in two days and had the money in my bank in three days. I was beside myself how easy it was to get.

I immediately started looking for a home to buy, and found it in the upcoming weekend. I was able to close quickly since I had the cash. This meant I was able to start the repairs needed to resell it. It took about 6 months before I was able to put it on the market again, but it was well worth the wait. I made double my investment. This made it possible for me to pay back the loan AND pay off my debt.

Using residential Arizona Hard Money Lenders was the best decision of my life.

It’s been about a year since I sold my first flipped home, and I haven’t looked back. I’ve sold two more homes since then and let’s just say I have more than enough in the bank to do what I please. I’m now working for myself – making money for myself – not someone else.

If you feel like you’re just living a life of constant turn and burn, you should consider doing what I did. Residential Arizona Hard Money Lenders can help you fund your real estate investment quickly, even if you don’t have good credit. It’s quick too, so you don’t have to wait months to get started.

I’m so glad I decided to do something different with my life. It’s made all the difference in the world. I am happy.

Setabay Private Hard Money Lender

Wednesday, January 9, 2019

Vacation Rentals Bring in Big Bucks and Rental Property Loans Make It Possible to Invest

Rental property loans made it possible for me to create memories and a real estate investment income.

How to Become a Millionaire with Rental Property Loans

Real estate is an extremely lucrative industry. Learn how taking out Arizona rental property loans can get you on the path to real estate success.

Monthly Rent

Flipping

Appreciation

Apply for a rental property loan and start your journey toward real estate success

How to Get the Loan You Want Using Arizona Private Money Lenders

Struggling to get a loan from a bank? Arizona Private Money Lenders can be much more flexible in their loan process, meaning less stress for you.

Arizona Private Money Lenders Make Loans Easy

Choose SetaBay for your Arizona hard money loan.

Spec Home Investors Versus Flippers: Which Should You Be?

There is money in real estate just waiting to be made, but should you pick the side of flippers or spec home investors? Read on to discover the pros and cons of each and choose the investment that’s right for you.

Spec Home Investments

Pros

Cons

Flipping

Pros

Cons

You don’t have to choose one or the other.

Why You Should Use Private Money Lenders to Fund a Real Estate Investment

Own Your Own Business with Residential Arizona Hard Money Lenders

About Me

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