Setabay Private Hard Money Lender

Sunday, March 3, 2019

Benefits of Tiny Homes, the Next Trend in Rental Properties

Traditional rental properties have met their tiny match. Finance a tiny rental home of your own with Arizona rental property loans.

Rental homes like Airbnb’s and VBROs can be excellent hobbies that double as investments. Setting up your rental home with Arizona rental property loans can be enjoyable and add to your yearly income. One of the biggest trends in rental properties right now are tiny homes.

More and more people are choosing tiny homes to rent out and even to live in. And no, tiny homes aren’t merely small homes. They are categorized as homes so small that they can be towed if need be, though some are put in permanent locations.

Tiny homes are all about maximizing use of space, eliminating wasted areas and giving you just what you need in a living environment. They’re usually similar in size to hotel rooms but give you the amenities of a full-size home, making them cozy and comfortable. Tiny homes are perfect for short or long-term stays and can make excellent getaways for couples.

Compared to traditional homes bought with Arizona rental property loans, tiny homes have a few advantages. First, they’re much less expensive. Less square footage equals less cost. Secondly, they take less effort to renovate, clean, and upkeep. Think lower costs and less reno time. A smaller space means less fixtures to buy, smaller appliances, and fewer decorations.

Not to mention that they’re adorable. Honeymooners looking for a weekend away don’t need that much space. Tiny homes give guests the best parts of a home in a compact size that wastes no space. Every space in a tiny home is used to its full potential.

Tiny homes also tend to leave less of an environmental footprint since they are so small, making them ideal if you like to stay green.

Where to Find Your Tiny Home

With their rise in popularity, tiny homes can be found many places nowadays. Just some of the celebrated tiny home builders in the U.S. are Custom Container Living, Al Tiny Homes, and Mini Mansions Tiny Home Builders.

Really, there are so many tiny home builders out there that there’s more than one option for every price point. Because of their small size and general low cost, tiny homes also offer the chance to go as extravagant or simple as you want based on your taste and budget. Just search for tiny home builders online and you’ll come across some of the most beautiful tiny homes in the nation for great prices. If you’re feeling ambitious, you can even build a tiny home yourself.

Finance your tiny home purchase with Arizona rental property loans.

If you’re looking for tiny home financing, Arizona rental property loans could be just what you need. They’re offered at hard money lenders nationwide and will help you fund your tiny dreams.

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.

Saturday, March 2, 2019

Benefits of Private Money Lenders

Life can be expensive, but Arizona private money lenders can help. Private lenders can finance your next real estate purchase and get you the home of your dreams.

Know that banks are not your only option for loans. Hard money lenders and Arizona private money lenders can give you the loans you need without some of the hassle you’d get from a bank. Where banks fail, Arizona private money lenders succeed. Here are the top benefits of choosing private lender for your next loan.

1. They’re fast. A bank’s loan process can take a long time. Bank loan applications can be extensive, and bankers need to comb through your financial history in great detail to make sure you qualify. Private lenders do not have such long application and approval processes because they are not as concerned with your financial history as banks are. Private lenders like hard money lenders have streamlined application processes that are meant to get you your loan fast.

2. They make it easy. Banks make your jump through hoops, revealing each and every detail of your credit and loan histories. Private lenders, on the other hand, place less emphasis on your financial history, making the process a whole lot easier.

3. They don’t require great credit. Private lenders are less focused on your credit because they care more about your collateral. Banks dive into your financial history because it is their way of ensuring you will pay back your loan, but Arizona private money lenders ensure their payment with collateral. You can have poor credit, but if you have good collateral, you could still get a loan from a private lender.

4. They’re flexible. If flexibility in payment options is important to you, private loans could be the way to go. Arizona private money lenders are able to work with you on an individual basis to come up with a loan strategy and payment plan that works for you, allowing you to build a personal relationship with your lender.

5. They offer a variety of loans. Arizona private money lenders tend to focus on real estate loans, but there are many different types of real estate loans that can be offered. Level 4 Funding, for example, offers fix and flip loans, bridge loans, investment loans, and commercial real estate loans, just to name a few. Just by surfing the web, you can find a loan that works for your specific situation

Choosing Your Private Money Lender

To find the money lender that is best for you, make sure you do research. Find a company that is legitimate and trustworthy and that fits your personal needs. Everyone is different, so the private lender that works for someone else might not work for you. However, company reviews can be very helpful in determining the legitimacy of a lender and be a deciding factor in your lender choice.

Find a lender that cares for your individual needs.

You’ll be working closely with your private money lender throughout the duration of your loan, so it’s important that you find one that fits you well. Level 4 Funding of Phoenix has qualified, helpful lenders that will guide you every step of the way and ensure a rewarding lending experience.

Friday, March 1, 2019

Uses of Commercial Hard Money Loans

Arizona commercial hard money loans have more uses than you may think. Discover how and why your business could benefit from hard money loans.

Loans can be useful in many aspects of life, from real estate to education. Real estate loans come in many forms, the major categories being residential and commercial. Residential loans are meant for properties that will be occupied by a resident, while Arizona commercial hard money loans are made for business-related properties. Residential properties are mainly homes and condos, but what, then, are commercial properties?

A commercial property is a property that will be used to generate profit for its owner. Restaurants, retail stores, apartment complexes, and office buildings all fall under this category. If you’re looking to start a business and need financing, Arizona commercial hard money loans are where to get it.

Commercial money loans are taken out from hard money lenders like Level 4 Funding and can help you fund your next business venture, whether it be a lot, building, or other form of property. The benefit of taking out a commercial hard money loan is that you will be able to use the money made on the property to pay back your loan. Profits from your restaurant or retail store can be put forth to pay back your loan, letting you pay it off in no time flat.

Why Choose a Hard Money Lender for Your Loan?

You may be wondering where to go for your loan, a bank or a hard money lender. Although banks have their advantages, hard money lenders can offer things banks cannot.

For instance, banks’ application and approval processes can take what seems like forever. If you’re eager to get your business up and running, consider choosing a hard money lender. Hard money lenders are ideal for fast cash, which can work in your favor if you see a commercial property you want that could fly off the shelf. Hard money lenders don’t take your financial history as seriously as banks do, allowing for faster approval and quicker money to purchase your property.

Moreover, hard money lenders tend to work with clients on an individual basis, which banks cannot always offer. As many hard money lenders are private individuals or companies, they can more easily personalize your loan experience. If you need a unique payment plan or special attention, hard money lenders can help you.

Consider Level 4 Funding for your hard money loan.

There are many hard money lenders out there, but for your Arizona commercial hard money loans, think about Level 4 Funding. This private lender offers commercial loans at great rates and is run by experts in the real estate industry that can give you excellent property advice. Their expertise shows in their work. They’ve funded over $40 million dollars and counting. When you think commercial property loans, think Level 4 Funding.

Thursday, February 28, 2019

How Do Hard Money Lenders Stay in Business?

Ever wonder how Arizona hard money lenders make money? It’s not as complex as you might think.

Although Arizona hard money lenders offer more consumer advantages than banks, they have similar inner workings. These two financial entities work to serve consumers, can lend money, and turn a profit in comparable ways.

Banks make money through interest and fees on their accounts and loans. Fees can add up, allowing banks to make great profits and stay afloat.

Arizona hard money lenders also make money through interest, but specifically loan interest. These lenders don’t have accounts, so their profits are mostly made through interest on loans. When a borrower takes out a loan, lenders charge interest on it the same as a bank. The difference is that a hard money loans are backed by collateral, making them equity-based loans.

Equity-based or not, hard money loans and bank loans have the same basis. Money is lent to a borrower and he is charged interest until the money is paid back.

Therefore, money lenders always hope for clients to help them increase their profits. More clients mean more interest and more income.

Despite their hopes for profit, money lenders tend to work well with their clients and develop positive relationships with them. Depending on your situation, they could offer you a good rate on your loan, comparable or even lower than bank rates.

Because money lenders can tend to your personal needs, they are often easier to work with than banks. Banks have complicated loan processes and won’t always give you the rates you want. Money lenders can work with you to develop payment plans that meet your needs and make sure you’re on the right track. That’s personalized service that banks just can’t match.

Where Do They Get the Money?

Arizona hard money lenders are usually financially savvy and know their way around the real estate industry. The money lender Level 4 Funding is run by individuals with years of success in real estate. Those with experience in investment properties, home flipping, and home sales can accumulate a great deal of change, giving them a lot to lend out.

Money lending can be a profitable field for those who have the passion.

Dennis Dahlberg of Level 4 Funding had an idea and he ran with it. His money lending company has lent over $40,000,000 as of 2018 and is still going strong. After buying a home when he was just 18, Dennis earned years of experience in the real estate industry buying, selling, and renting homes. If you’re in the market for a hard money lender, check out Dennis at Level 4 Funding.

Wednesday, February 27, 2019

Running a Successful Apartment Complex: Our Best Tips

If you’re planning to run an apartment complex, there are some things you should know. Keep reading to learn how to be the best landlord you can be with Arizona commercial real estate loans.

A lot goes into running an apartment complex. You have to keep your residents happy by making repairs and maintaining amenities, and somehow also profit. That’s a lot to think about.

Here are some of our best tips for creating the best apartment complex in your area:

Have useful amenities.

Pools, laundry rooms, gyms, and common rooms are all plusses for any apartment complex. Tenants want to know that their rent is going somewhere useful. And, being able to get these amenities within the cost of rent is appealing to potential renters. On this note, make sure you maintain your amenities well so you can show them off to potential tenants.

Use appealing architecture.

Frankly, people don’t want to move into somewhere unappealing. Make your apartments look as good on the outside as they do on the inside by choosing colors that match your complex’s theme. If your complex is targeted toward younger tenants, a modern pop of color on the exterior could bring in new tenants. On the other hand, if you’re aiming for older tenants, a calming color may be more applicable.

Communicate with your tenants.

Communication is key to any successful relationship. If you want to build good relationships with your tenants, make sure you have open lines of communication with them, whether that be giving them your phone number or sending out mass emails with important information. Do you have events at your complex? Send them out so people know about them. Is there the potential for a rent raise? Make sure you let your tenants know with plenty of notice. Respect them and they will be more likely to respect you.

Insist on respect as a business practice.

If you have people working at your complex such as receptionists or cleaning staff, make sure they respect your tenants. One of the most common complaints about apartment complexes is disrespectful staff. Having staff that respects your tenants will help them feel more comfortable and be more likely to leave you positive reviews.

Use digital payment methods.

In the age of the internet, it’s very helpful for tenants to be able to pay online. People are all about convenience, so making paying convenient for them will make them more likely to pay you on time.

Cover more than just water.

It’s appealing to potential renters when their landlords cover several amenities. Covering more amenities than just water will bring in more renters, so you’ll profit more in the long run.

Funding Your Complex with Arizona commercial real estate loans

Arizona commercial real estate loans can help you finance your apartment complex and they are available at many hard money lenders. Private lenders can offer you more LTV and better rates than banks, as well as get you your money faster. Choosing a private lender for your Arizona commercial real estate loans can help you fund your apartment complex without having to pay for it all immediately out of pocket.

Get your hard money loans from Level 4 Funding.

Level 4 Funding is a hard money lender that specializes in real estate and cannabis business financing. They can get you Arizona commercial real estate loans at great rates and work with you to come up with a loan plan that fits your lifestyle. Visit their website and apply for a loan online today to get started on your dreams.

Monday, February 25, 2019

Bridge Loans: The Help That's Right for You?

Bridge loans allow investors and developers the opportunity get their unrealized projects off the drawing board and into reality. These loans allow investors to take advantage of opportunities when funding is unavailable, for reasons of bad credit, speculative projects, or if the investment property is in poor condition or suffering due to low occupancy.

Bridge financing acts as a bridge between a properties initial purchase and its eventual refinancing or resale. If a borrowers financial profile doesn't meet the bank's criteria, they'll face consistent denial. Loan officers might shudder at a project that seems particularly speculative, say demolishing a building to make way for a new development or if a property suffers under low occupancy or poor condition, in these cases conventional lenders are not going to risk getting involved.

The Benefits of Bridge Loans really shine in situations like the following

• Bad Credit: Say a developer took a hit on their last project. Work got stalled, and all at once his lender called his loan, and let us assume he defaulted. Now the site sits vacant, and his financial situation prevents him from getting another loan. He approaches a bridge lender and says "I only have a little work left here I just need a bit more money," after receiving bridge financing work on his development finishes, the banks are well pleased with all the extra income he's earning. Finally, he's able to refinance to a long-term mortgage, which pays off his bridge loan and allows him to enjoy a steady stream of income from his shiny new development.

• Speculation: Our developer sees a derelict factory in a blighted industrial area, where the local university will be building their new campus. Our developer is pretty convinced he can develop low-cost apartments in place of the factory and make a boatload. But the bank considers the area, and says no, as they can't see his vision. With bridge financing, our developer can build his apartments. They quickly reach almost full occupancy after the new campus opens allowing our developer to sell off the new complex, paying off his loan and earning him a tidy profit.

• Neglected property: An unscrupulous landlord has been nickel and diming his tenants for years, disgruntled renters have been steadily moving out, and the landlord seeing the apartments as being more trouble than their worth, puts the property on the market. Our buyer is convinced that with a few improvements and more reasonable management the property can quickly turn to full occupancy. But the bank considers the current state of the property and denies him his loan. With the help of bridge lender, our buyer manages to purchase the property, makes a few small improvements and under his patient care, the complex achieves near 90 percent occupancy. Just a few necessary improvements, and a little competence on his part and our investor can refinance, allowing him to earn a generous income from the once god-forsaken apartment complex.

In short, bridge loans can help your dreams come true

Without the help of bridge financing, none of the developers mentioned above would have ever seen their projects move. Bridge lenders are willing to speculate on a properties potential, looking beyond a borrower's poor financial situation, a projects seemingly speculative nature or a properties derelict condition.