Setabay Private Hard Money Lender

Friday, February 1, 2019

Why More People are Working with Arizona Hard Money Lenders

More and more people are choosing to start making money in the real estate market with the financial assistance of a hard money lending opportunity. Learn how to start making money with Arizona Hard Money Lenders and why they are becoming such a popular choice for people looking to invest in real estate.

Let's face it. Sometimes our personal lives and unexpected occurrences can get in the way of achieving our goals and aspirations. For some people, their low credit score can seemingly get in the way of their higher aspirations and dreams. However, this doesn't have to be the case. Arizona Hard Money Lenders are transforming lives and finally giving people the financial freedom that they require to achieve their goals.

If you have always wanted to invest in the real estate market, you may have felt that in the past your lower than average credit score would prevent you from being able to make purchases or acquire a loan. When you first get into real estate investing, you're going to need to spend money on purchasing initial properties and making these vital initial investments. On your own, these large purchases may not be achievable. If you try to get the funding from a broker at a bank, a low credit score or lack of experience with real estate investing might get in the way.

This is why more and more people are ditching the banking scene and instead are moving towards Arizona Hard Money Lenders to make their investment goals a reality. Unlike a traditional broker in a bank, Arizona Hard Money Lenders are not interested in running your credit score or analyzing your personal financial portfolio. Instead, Arizona Hard Money Lenders look at the overall value of the property that you are investing in. If a potential Arizona Hard Money Lender sees values in the property you are interested in investing in, you will be well on your way to achieving a hard money loan. Finally, with the help of the right Arizona Hard Money Lender, anyone with the right level of determination can get started with investing in real estate and no longer have a history of poor credit preventing them from achieving their financial goals. More and more people are taking advantage of these types of lending opportunities, so it is important to act quickly and take part in these options while they are still available.

Don’t Let a Bank Turn You Down Again – Choose Arizona Hard Money Lenders

Never feel embarrassment or sadness again when a broker at a bank turns you down for a loan. Opt to use hard money loans instead to increase your probability of becoming eligible for a loan.

With the right level of determination and passion to achieve better things in life, you can start making real money with real estate investing.

Arizona Hard Money Lenders are ready to help you finally take charge of your financial goals and never feel tied to a history of bad credit.

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.

Quick Money: Arizona Hard Money Loans Helps Investors Secure the Property That They Need, Fast!

Get your real estate investment up and running with Arizona Hard Money Loans.

For many individuals who find themselves in the real estate business, money is needed and fast. Consequently, many real estate investors deal with wholesale purchases. This involves finding property from individuals at wholesale value. This property can come from individuals who solely sell wholesale property to other real estate investors. Wholesale property also can be found by local flippers who find local individuals who are looking to get out of property quickly for cash. The premise is finding a property that is valued under the average retail price and then being able to sell that property for a profit.

There is a trick to this though. To find the right wholesale property, an individual has to act fast. In many cases, real estate investors buy property from auctions. Others find great deals on foreclosed or short-sold properties. And yet, others have connections with local real estate agents or friends who are looking to sell a favorably-priced property. Time is a factor when buying property. Time and money. How quickly can an individual purchase a property in the midst of others who are chomping at the bit for the same prize.

The wholesale value of a property is key to grinding out a great profit. If an investor pays too much for a wholesale property, he or she receives less of a return. If an investor is too slow in deciding on whether or not to purchase a property, someone else will be quicker. If an investor secures a bid or a purchase of a property, the funds for the property must be furnished within a short amount of time. This is why many individuals use Arizona Hard Money Loans when purchasing real estate—it is very, very quick.

Arizona Hard Money Loans Are Quicker than Conventional Loans

Where conventional lenders can take months just to secure financing, Arizona Hard Money Lenders are a favorite for real estate investors because they can secure loans within a week’s time. By securing quicker loans with Arizona Hard Money Loans, real estate investors can acquire the property they need within a time frame that is suitable.

Arizona Hard Money Loans are the means to starting the real estate investment that is right for you.

But what happens if the lending rate for Arizona Hard Money Loans is too high? Not a problem. Though hard money lending can have a higher interest rate than conventional lenders, this is not a concern for individuals who are able to acquire conventional loans. Many recipients of Arizona Hard Money Loans use the hard money as a bridge loan until they are able to secure a conventional loan for less interest than a typical hard money loan would have. By using a bridge loan, a real estate investor, especially those concerned with renting property, can acquire wholesale property quickly and then later acquire the interest rate that is right for them by refinancing.

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.

How Arizona Bridge Loans Literally “Bridge the Gap”

Moving into a new home is a very exciting prospect, and sometimes the ability to do it before selling your current home is an attractive option. Fortunately, there is an option available for folks who want to do just that.

It is not uncommon to hear Arizona Bridge Loan being referred to in any of the following ways: swing loans, wraps, or, more obviously, bridging the gap. All of these things mean the same thing: using a down payment on your current home in an effort to purchase your next. If you want to avoid selling your current home first or any possible contingencies in contracts, this may be an option that’s attractive to you.

The possibility of having freedom of searching, buying and selling your home, with no transition period between, is one reason many consider Arizona Bridge Loans. Renovating or relocating is oftentimes much easier without having to find a temporary living space. Others are attracted to them for their lack of contingencies, while the lenders themselves find the high interest rates and short-term, low-risk repayment valuable.

Evaluating Options That Are Right For You

A great credit score and a low debt to income ratio will be necessary if you want to obtain this type of loan. Not only that, but you must be able to afford a mortgage on two properties, as bridging the gap results in the temporary owning of two properties. The loans will have high interest rates and are expected to be paid back fast. Rates do vary across lenders; however, they happen to average about 2 percent higher than the market. The loan’s LTV, loan to value ratio, will also affect them, in addition to your personal credit history. These are definitely things you want to consider before jumping into the loan. Understanding the housing market and evaluating how your home will fare against the rest is something that will impact your decision. If your home isn’t selling, it’s possible to get a loan extension. Still, you will want to be prepared for all possible outcomes ahead of time and know if you can handle the possible stress of all of these outcomes, and know how to move forward and plan possible solutions.

Making a Successful Decision

If you’ve considered all factors of your situation and believe Arizona Bridge Loan are right for you, it’s possible to find a lender at your local bank or credit union. If you are feeling doubtful, there are still alternatives you can consider including a 401 k and home equity loans. Personal loans are another option that may be suitable for your situation. They do not have high interest rates, like home equity loans, and can be combined with other types of loans. Analyzing all of your options will ensure that you make the decision that is best for you. There are options when it comes to borrowing—it just comes down to knowing what your situation calls for, and where to look.

Thursday, January 31, 2019

Why Borrowers Are Considering Commercial Texas Hard Money Lenders

Borrowers who are having trouble obtaining loans from traditional lenders often have to turn to other sources. Read more below to learn about untraditional lenders, and why borrowers are seeking alternative loan agreements.

Obtaining funding for a loan can be difficult. Factors vary for each individual, and depending on the requirements of the lender, obtaining funding isn’t always a simple process. More often than not, low credit score and a weak financial history makes for rejected loan appeals, causing borrowers to look elsewhere or cease searching.

Fortunately for borrowers serious about obtaining funding and working towards a stronger financial ground, other options are available. After being rejected by a traditional lender like a bank, borrowers often turn to commercial Texas Hard Money Lenders to obtain the funding they need.

Cons of Working with a Private Loan Investor

Private loan investors offer hard money. These lenders may be an alternative loan agency, a company, or a wealthy individual looking to make a profit. One thing to know is that not all private loan agencies are legit—and, if they are, they often have higher interest rates and the possibility of hidden fees within the loan agreement. Doing research into your commercial hard money lender is essential. There are many valid options but turning to an unreliable and predatory lender won’t help your case. Additionally, it is always a good idea to research their project history—what kinds of borrowers they have helped, and their success rate. If you fit into their category of borrowers, they are likely a great option for you. As long as you take into account the short repayment period and higher fees, it is likely you are eligible for a hard money loan and will find success obtaining funds.

Pros of Working with a Private Loan Investor

Though working with a private loan investor will require assurance, there are benefits to working with private investors. Unlike banks, they are able to approve a wider group of people because they consider the property’s collateral before they consider the borrower’s financial history. This does not mean they do not review your past finances. It just means that they are likely to approve someone with an imperfect credit score if they see value and potential profit in the loan investment. Not only are private investors able to approve more people, but they are able to approve them faster. Sometimes, the loan process can begin as soon as the day of—public lenders like banks are not able to do this. Public lenders usually need about a month to get started. The flexibility of private investors is seen in their ability to approve and their speed. Inherently, flexibility often leads to other things, like a transparent relationship and an individual experience. While hard money loans are expected to be paid on a short term time period, there is usually the ability to work with the lender and expand it, if necessary. Working with a commercial hard money lender has many benefits, and if you do your research to find a reliable local investor, it is likely you will find in them an alternative to traditional lenders.

How to Bridge the Gap with Arizona Bridge Loans

Obtaining funding for your next home can be extremely stressful, especially if you are struggling to sell your current home or wishing to move into your next home first. Fortunately, “bridging the gap” is a great option if you are in either of these situations.

“Bridging the gap” is another way to refer to swing loans or, more commonly, Arizona Bridge Loans. The referral to any references the ability to borrow using the down payment on your current home, with the intention of using it to purchase the next. It is an option that allows people the freedom of contingencies in contracts that require that the current home be sold first. The transitional metaphor of moving from one home to the next as such is seen in the word “bridge.”

Benefits of Arizona Bridge Loan include a lack of major transition period between buying and selling your home, without having to utilize a temporary living space. Freedom is also found in the ability to search for homes with no limitations or pressure when the ideal home is found. These loans are also common solutions for small renovations or relocations. These benefits to the borrowers are contrasted by the benefits to the lenders which include high interest rates and short-term, low-risk repayment.

How to Know What’s the Best Decision for You

Qualifying for these loans means having a great credit score and low debt-to-income ratio. If you meet these requirements, you should also consider these other factors before diving right in. Eligibility is great, but eligibility for the loan doesn’t cover a few other things, which includes the fact that you will have to pay a mortgage for two properties. Not only that, but they are expected to be paid off in 6 to 12 months, which is typical of short-term loan repayments. And, while loan interest rates vary from lender to lender, they are typically 2% higher than most on the market and will be affected by the home’s loan to value ratio LTV and your personal financial history. Doing research on the current real estate market will help you evaluate how your home will fare on it, though it should always be done anyway before making any fast decisions. It’s not unheard of for loan extensions to be offered, should your current home be struggling to be sold on the market.

Being Successful with Alternative Options

A lender for Arizona Bridge Loans can be found at your local bank or credit union. Alternative routes also include seeking out information for a 401 k or a home equity loan. Home equity loans are common solutions, despite the requirement of needing a high credit score and steady income. These loans work by taking a second mortgage on your home that is then used towards new loan funding. If you are seeking something with low interest rates, personal loans are a great option that can be combined with other types of loans if needed. Before making any fast decisions, it is important to thoroughly analyze all of your options and determine what short- and long-term goals you have that would be benefited by each type of loan option. If “bridging the gap” is not the right option for you, there are plenty of alternatives that promise success in various situations so that you can have your dream house.

Find a Lending Niche: Private Money Lenders Arizona Form a Lending Mecca for Real Estate Investors

Private Money Lenders Arizona may be the means to setting estate investments into motion.

According to a recent article by Forbes, private money lenders are changing the lending industry by financing real estate investors rejected by conventional lenders. Supporting this notion, Bobby Montagne from the Forbes Real Estate Council writes: this “reluctance [to fund real estate investors] has created a growing national market for Private Money Lenders Arizona and a lucrative opportunity for investors in private loan investment funds.” In the US, a capitalistic economy were businesses depend on venture investors, this is great news—the possibility of having lenders lending more money at more competitive rates. Supply and demand.

So why all of the fuss about Private Money Lenders Arizona? What is moving so many investors to get funded by them? Well, many real estate investors are shrewd and eager to see a good return. Whether they are a first-time, ma-n’-pa outfit or a seasoned band of weekend warriors, real estate investors typically look to invest in distressed property, renovate, and generate profit. The problem many real estate investors run into is that banks typically do not like lending on undeveloped property or distressed property. This is problematic for contractors wanting to build a spec home from the ground up. Also, this is problematic for flippers and those who rent because buying destressed property at wholesale value and fixing it up offers more profit than buying a property that needs minimal renovation.

The stone cast out by the builders has becoming the corner of the foundation. Setting the banks aside at first is a good strategy for many real estate investors because they can initiate funding: Private Money Lenders Arizona who step up to the plate and fill in a needed lending gap.

Who Benefits from Private Money Lenders Arizona

Filling the gap is no small thing. Montagne goes on the state that “With the median flip priced at $189,000, [it’s] a $56 billion market.” That’s a lot of money, folks, and a lot of money coming from private investors. Where the proverbial door of conventional banking closes, the door of private lending stays open. This is quid-quo pro. Private Money Lenders Arizona get a good return on roughly 7%-14% of their investments and are covered by the LTV they wish to set. By charging more than conventional lenders they are rewarded more. Real estate investors win by finding a funding niche.

Private Money Lenders Arizona are the financing start that allows for a strong and profitable finish.

For real estate investors with poor credit, the advantage is the ability to find sub-prime lending in the wake of Dodd-Frank. For real estate investors with stronger credit scores, the advantage is finding lending to get the job started. Grease the wheel and get it turning, get a loan on barren or destressed property, build or renovate, then acquire conventional funding. Private money can bridge between hard and conventional, it can start the pace and allow the money to trickle in. Though higher at first, it is a start that allows for a strong finish, a profitable finish.

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.