Setabay Private Hard Money Lender

Wednesday, January 16, 2019

Start Generating the Side Income that You Need with Arizona Hard Money Loans

The milk and honey of real estate investment is yours for the taking. Find an appropriate investment niche, draw out the plans, secure financing through hard money loans, and reap the benefits.

You have a good job. You grind out a living, pay the bills, keep your family going, and establish a trickle of savings flowing. Sure, for some time, things seem to have moved along quite well, and you may not have any complaints about the way things are going. Your savings account has been growing alright. It is looking pretty solid. However, you see others in the community, other friends, family, and neighbors, investing in side ventures and securing a decent return. Securing more money. More money sounds great to you, but where to start?

The more research you do, the more you see that real estate as a viable option for side income. Taking note of the prior, you make a list of possible real estate investments and the opportunities that each investment offers in the given market. First, you consider flipping a house, that is taking a distressed home and restoring it to proper condition and market value. Though the flipping market may be a bit down on returns from what it once was, and may have a bit of competition, it still offers up to a 40k average return on investment. Not bad, not to mention that flipping homes is a business that has been known to help starters with limited credentials, education, or formal training enter into real estate investing.

Next, after some more study, you find rental properties to be another favorable avenue to secure side money. Though you do not own a second property to lease, you come to understand that there are ways to acquire and rent property. You read on the various ways of acquiring property and find renovating and renting to be a favorable way to reduce startup costs. Renovating to rent, similar to flipping, would entail acquiring and repairing a distressed home at wholesale value: Find it, fix it, rent it. Lastly, you consider the idea of purchasing, building upon, and selling property. All three of these investment strategies, and whichever of these to be decided upon, will require financing to set into motion. Typically, in these instances of investment, particular types of loans are used, called Arizona hard money loans.

As a Helping Hand, Arizona Hard Money Loans Fulfill Real Estate Investment Needs

You come to understand that hard money loans allow individuals to secure funding when conventional lenders say “no,” and when it comes to real estate investments, you realize that there are many areas where conventional lenders are unwilling to provide funding.

Arizona Hard money loans are easy to apply for and quick to secure.

Finally, you see that Arizona hard money loans are easy to apply for, quick to secure, and power a tremendous portion of the real estate industry. You see this as a means of securing the return on investment that you need.

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

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.

Tuesday, January 15, 2019

Danger the Fed’s Raising Interest Rates While Arizona Hard Money Lenders Stay Consistent

With the coming and going, the going and coming of interest—find stability. Find the loan and the rate you can trust. Find the personability conventional lending lacks by consulting Arizona hard money lenders.

The federal reserve intends to increase interest rates. There have been eight interest rate hikes since 2015 not to mention a quarterly raise in interest over the past two years. Furthermore, the aftermath of recent hikes has been suggested as the cause of the Dow Jones plummeting. These trends, including further projected increases for interest rates, have become a concern for many who use loans as a means of building a business, owning a home, or investing in a future.

Yes. Higher interest rates do offer pleasant outcomes for an obscure and federal entity looking for its cut of interest. However, descending from the pantheon of bureaucratic decision making, domain of “poets, priests, and politicians,” ground-level Americans are bearing the brunt of the fed’s blow. An increase in rates means a decrease in those willing to acquire a mortgage, a car, an investment capable of generating revenue. A decline in the previous areas, furthermore, culminates into a decrease in the total amount of goods purchased. A pox on business, a decrease in economic activity.

While conventional lending is subject to the federal lending policies, interest rates, and shifts in economic ideologies that may occur, hard money lenders are on the opposing end of the spectrum. The end of the spectrum that is independent, subject to minimal restriction, and consistent in its lending policies and rates, which are graciously offered to the public.

Arizona Hard Money Lenders Consistently Provide Rates that Clients Need.

Up. Down. Forward. Backward. China lends this or that rate to America. Such and such political advent dictates the numerical or statistical result of x, y, and z. China raises its lending rates again. Wow—Step back. Look at hard money. Look to the micro not the macrocosm, so convoluted in world events. Find the rate that you need with Arizona hard money lenders. Start your business one step at a time, with the individual attention that you need. Get the financial backing to build or buy.

Talk to your Arizona hard money broker to find hard money lenders that are right for you

Find the lending niche that is right for you. The lending source that is not tied up in the mandates of the Fed but rather is pooled by private investors or groups of investors for the purpose of financing promising ventures and real estate investments. For more information on Arizona hard money lenders, rates, and terms contact Level 4 Funding.

Start a Successful and Legal Cannabis Business with Commercial Hard Money Loans

Does conventional lending have you down? Bypass the red tape and get commercial hard money loans to start your cannabis business today.

Cannabis, the final frontier. The commercial voyage to explore a new world of potential revenue, to seek out profitability amid the unknown and new customers, to boldly go where no other business has gone before.

That’s right. The legal sale of legal cannabis in the United states is on the rise. North American spending on cannabis has passed the nine-billion-dollar mark. Estimates predict that soon, less than a decade, the legal sale of marijuana in the Americas will be a multi-billion-dollar industry. Yep, imagine Mike Myer’s Doctor Evil mouthing “one hundred billion dollars!” into his pinkie finger. It’s going there, and fast.

Due to these revelations predicting the rapid growth of the legal cannabis industry, many have taken aim, setting their sights upon a market ripe for potential returns. But like any business, it takes cash to set things in motion, many times it even takes lenders who are willing to finance the acquisition of real estate, infrastructure, agriculture, and storage. So, who loans this kind of money out? Well, to start, not conventional lenders. Obtaining a loan on a legal marijuana business from a conventional lender is not an easy process due to constant changes in federal and state laws, recent birth of the industry, and unpredictability inherent in the business. Alright, if conventional lenders are out of the picture and if individual savings are not sufficient on their own, what other options are there? Answer: Arizona commercial hard money loans. Where conventional lenders are fickle with stipulations, governed by scores of federal regulations, and characterized as the archetypal red-tape administration, commercial hard money lenders are predictable, upfront, client-oriented, and easy to deal with. Since commercial hard money looks at equity in real estate and loan-to-value positioning, borrowers’ personal lives are not subject to the microscope of scrutiny.

Benefit from the Growing Legal Cannabis Industry by Applying for Commercial Hard Money Loans

So, what types of cannabis financing are available? Commercial hard money loans are available to those seeking to acquire real estate to store, process, and retail cannabis. Also, commercial hard money loans are available for those who are looking to cultivate marijuana agriculturally. Since conventional lenders tend to frown upon lending money out for land-acquisition, finding land to grow on is a challenge that can be resolved by hard money.

Get the commercial hard money loans that your cannabis business needs through Level 4 Funding.

If the medicinal cannabis business seems to be a good fit, go for it. With a proper business plan in mind and after having researched favorable real estate scenarios in a given area, talk to a hard money broker to find a hard money loan that is right for you. Establish a foothold and press forward with Level 4 Funding, here to help meet your business’ finance needs just as it has helped so many others.

Things to Consider Before Taking Out a Rental Property Loan

Purchasing n Arizona rental property is a smart way to add passive income to your portfolio. But, how do you finance it?

If you are a home owner you may believe that purchasing a rental home will be as simple as getting a mortgage for your home. Unfortunately, it’s not always that easy. Walking away from your home, in times of a financial hardship, would be difficult for most. However, lenders are aware that in those same financial troubles, walking away from an Arizona investment property would be much easier. For this reason, it is more difficult to secure a loan on an Arizona rental property.

WHAT YOU NEED TO KNOW ABOUT FINANCING A ARIZONA RENTAL PROPERTY

Borrowers are able to get FHA loans with credit as low as 500 when buying for their principal residence. However, when purchasing a rental property in Arizona be prepared to have a minimum of 620; and to get lower interest rates a borrower needs to be closer to 660. You will also face higher interest rates on a rental property; usually, rental property in Arizona loans will come in at about 1 percent to 1.5 higher than an owner-occupied property.

A large down payment will usually be necessary on a rental property in Arizona. Most lenders require at least 20% down. All conventional loans use the Freddie Mac or Fannie Mae seller guidelines. These seller guidelines are what establish underwriting guidelines; however, loan services will usually add on their own overlays.

Higher cash reserves are liquid assets; they can be checking and savings accounts, retirement account assets and investments in mutual funds to name a few. Cash reserves are assets that can become available for your mortgage in cases of financial hardship. Lenders will want to see a potential buyer have higher cash reserves than that of a principal residence.

How to determine which type of lender is best for you will depend on many factors. Below are options.

1. Community Banks/ Credit Unions: A smaller bank will typically be more willing to work with you than a larger broker. They will keep the loan in-house versus sell it off to an investor. However, they may only approve you for the geographic area they are located and this can limit you.

2. Conventional Bank Loan: These are the loans that must conform to strict guidelines established by Freddie Mac and Fannie Mae. A higher down payment will be required. However, equity will build faster. That large down payment may make it difficult for a first time investor. Conventional bank loans may be a better option for experienced investors who have the money to put down.

3. Hard Money Loans: This is a loan that is issued by a private investor or investment company. Hard money lenders are less concerned in a borrowers credit and more interested in their assets. This type of loan will always be backed by property. Approval times are much faster and some lenders will lend 100 percent of the purchase price.

Rental properties in Arizona have always been looked at as a simple way to achieve wealth. It is important that the borrower considers all the risks of being a landlord. Take your time and find the right lender that can make this dream a reality.

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

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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Arizona Private Money Lenders Are There When You Need Them

Are you eager to buy an investment property, but your credit is less than perfect? Have you been turned down by traditional lenders?

Arizona Private Money Lenders, sometimes called hard money lenders, are non-institutional lenders that issue short-term loans. Typically, these loans are for the purchase of an investment property; however, they may also be used for fix-and-flips, rehab projects and quick funding.

Arizona Private Money Lenders are less bothered with a borrower’s credit and more concerned with their hard assets: which is real estate, cash or land. A hard asset will show up on financial statements. This is opposite of a soft asset which can include: equipment, furniture, software and any other assets with a low intrinsic open market resale value. Usually, a lender wants to see a FICO score of at least 550; however, that is not always the case. The type of private money lender you choose will determine the credit score you need.

DIFFERENT TYPES OF MONEY LENDERS, LOAN QUALIFICATIONS, LOAN TERMS AND APPROVAL TIME

There are three main types of Arizona Private Money Lenders:

1) Primary circle: These are your family and close friends.

2) Secondary circle: This consists of personal friends, colleagues and professional acquaintances.

3) Third-party circle: This includes accredited investors and hard money lenders.

Borrowing money from your primary and secondary circle may be easier to obtain, but in the long run can get uncomfortable and relationships can become strained. Hard money lenders belong to your third-party circle, which is the most distant in terms of relationships. They have proven to be the best private lenders due to their reliability, professionalism, across the board interest rates, fees and loan terms. You will know exactly what you are getting into before accepting the loan. The terms don’t change.

Private money loans have much shorter loan terms than traditional loans. They have terms anywhere from a month to 5 years. Hard money lender terms are typically between 1 and 3 years; with most loan terms closer to one year. Pre-qualification can occur in as little as 10 minutes and funding typically is dispersed within two weeks.

When meeting with a hard money lender you will need to bring the last three months of your bank statements, a credit score of 550, the property location and the purchase price. If you are seeking a hard money rehab loan, lenders will also require contract bids, a renovation scope of work and a portfolio of your experience that includes prior projects.

Is a private money lender right for you?

Are you looking to purchase, renovate and sell your property within a year or less? Do you need quick financing to compete with cash only buyers? Are you looking to purchase and renovate a property before you refinance with a conventional mortgage? Or, have you been turned down for a traditional loan? If any of these scenarios describe you, a private money lender be may your answer!

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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Do You Wish You Could Buy An Investment Property But Your Bank Turned You Down?

You have searched high and low for that perfect Arizona investment property and finally you’ve found it! You get to your bank only to find out the property’s condition is not up to par with your bank’s mortgage conditions and your credit is less than attractive—no loan for you. But, there is a solution—a hard money loan.

Just like all loans, a hard money loan is money borrowed by a lender. The borrower receives the money and, in turn, the lender receives monthly interest on the loan until final payment has been issued. Where traditional loans are based off the borrower’s credit, hard money loans are based off the asset being purchased. If the borrower defaults on the loan, the hard money lender will foreclose on the property.

BENEFITS OF A HARD MONEY LOAN

There are a plethora of reasons to obtain a hard money loan; however, the quick approval and release of funds along with the relationships investors can make seem to be the most popular.

There are fewer hoops to jump through when you are working with a hard money lender. You will work with an individual lender versus a group of lenders at a bank. There is less paperwork and a shorter waiting period because the lender is more concerned with the Arizona investment property, not in your debt and credit scores. The property you are purchasing will be backing the loan. Working with a hard money lender you could easily have your funds available in as little as two days; unlike a traditional mortgage which could take months.

You can build a relationship with your investor. If you show that you are reliable; you pay your debt back on time or early, your investor will want to work with you again. Once your lender trusts you they may be willing to do things such as reduce the origination fee, get your funds to you faster or loan you greater amounts. Building trust with your lender will form a priceless business relationship.

You can get a hard money loan for virtually any type of property: from single family residential to commercial and industrial properties. Typically, borrowers use hard money lenders for fix and flips or to rehab a property. Some hard money lenders will not fund an owner-occupied residential property because of the extra regulations. However, there are plenty that will.

Is a hard money loan the right move for you?

Hard money loans are most ideal for:

* Fix and flips

* Construction loans

* Rehab properties

* A borrower who doesn’t have enough cash or access to private financing

* A borrower with bad credit

* Quick financing for an investor who is competing with a cash only investor

Hard money loans aren’t for every investor in every situation, but of you are just starting out they are an excellent choice. These loans allow you to purchase real estate with little, or none, of your own money.