Setabay Private Hard Money Lender

Tuesday, March 26, 2019

Use a Hard Money Loan to Ensure Funding for Your Flip

A Arizona Hard Money Loan is a quick and easy way to fund your fix and flip investment, ensuring you don’t run out of money to finish the job.

One of the worst mistakes and fix and flip investor can make is not having the funds to purchase and rehab the home up front. It’s risky to rely on a previous flip to sell for enough to fund your next flip that’s already in progress.

Using a hard money loan can give you peace of mind that you’re not going to run out of money before the job is completed. You most definitely don’t want to be half way through the rehab and realize you can’t afford the rest. That’s the easiest way to stall a flip and lose money, lots of money.

Budget, Budget, Budget!

When you’re planning your flip you want to budget for things to go wrong. You may want to just replace an out-dated sink, but when the plumber begins the installation they may find mold or other plumbing issues that will need to be fixed. It’s rare to rehab a home and not have unexpected expenses. It’s the nature of the beast!

Your Arizona Hard Money Loan should allow for those unforeseen circumstances. The last thing you want to have to do is take out a secondary loan because you can’t cover the rehab with your first round of funding.

If you have proper inspections done you should be able to have a good idea of what you’re in for beyond the typical aesthetic upgrades. It’s an up front cost that will most definitely pay off in the long run.

Don’t Put Yourself at Risk!

Having to sell a partially completed home is worst case scenario. You’re fighting a losing battle trying to find someone willing to take on a partially completed project and that takes out a huge chunk of buyers who will only purchase move in ready homes.

As stated above, trying to secure a secondary loan can be difficult, and sometime impossible. Lenders don’t want to be second in line as that puts their funding at risk.

Speak with a lender about a Arizona Hard Money Loan and discuss having your project funded, with a little wiggle room so you can complete a successful rehab project and grow your investment portfolio!

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.

Monday, March 25, 2019

Residential Arizona Hard Money Lenders Compete for Business

Residential Arizona Hard Money Loans are, in fact, a great way for buyers to lock down funding without the tough qualifications required by traditional lenders.

Shopping for a residential Arizona Hard Money Loan is like shopping for a car. You can get the same vehicle at multiple dealerships, but you want to vet them out and pick the right one for you. Here are the items you should know about your residential Arizona Hard Money Loan servicer before applying for a loan:

Rates

Rates can vary from lender to lender and the rate is going to make a big difference in the amount that you pay.

Loan Length

How long is the life of your loan? How long do you have to pay it back?

Prepayment Penalties

If you are able to pay your loan back quicker you will want to know if there are prepayment penalties that will be levied against you.

Origination Fees

Much like the interest rate, the origination fee can vary from lender to lender. This is cost that needs to be included in your investment budget.

Loan-to-Value Percentage

Depending on the home you want to purchase and the amount that you have to put down for the loan, your LTV percentage will change. You’ll want to check the residential Arizona Hard Money Loan terms to see if your purchase qualifies for their LTV restrictions.

Call a Arizona Hard Money Lender like Level 4 Funding to get this information so that you can be prepared for your investment and apply for your loan with all of the necessary information.

Arizona Bridge Loans: How Can I Tell If This Funding Is Right For Me?

The financial market is filled with numerous types of loans. Take time to learn the advantages and disadvantages of Arizona Bridge Loans before you go any further.

The world of financing is filled with numerous types of funding ventures, conventional bank and mortgage loans, private loans, revolving money accounts and that is just to name a few. Confused? Most people are, but we can lend you a helping hand in understanding this particular kind of funding. Here are the basics involving these particular loans and why you might want to consider this route in your quest for financing.

An Arizona Bridge Loan is normally taken out by an individual who needs funding for the difference between a cost of a new home and the money he/she will receive from the sale of their present home in the event that the closing has not occurred before that time.

Do you wish that you could close while your current property is still on the market? Providing conditions are met, these loans can entitle a seller to go ahead and purchase the desired new property before an existing property is sold.

Sometimes an Arizona Bridge Loan allows a few months that free you up of any payments on the new home, something most buyers find highly desirable.

While a home equity loan is less expensive than these types, some lenders will not make an equity loan if the home is currently on the market.

The contingency to sell (meaning that the buyer’s first home must sell before the second home can be purchased) can be removed. The purchase of the new property can be forwarded if the buyer has made a contingent offer and the seller issues a notice to perform. This avoids a long drawn-out escrow process and the possible discovery that the seller has no intention of completing the sale. California is the only state that legally requires an action like this, but it is used in other states as well.

What should I do in order to know if this type of loan is the one I should make?

Be wary of moving too fast, however, there are other things to consider when taking out an Arizona Bridge Loan. First, they are much more expensive than most standard loans. Secondly, the purchaser must meet the qualifications set by a lender to own both homes and requirements are normally pretty strict for this.

Decide if this particular loan is the best kind for your situation and find a lender that works for you and your needs.

Other than-standard loans are not right for everyone—do your homework and find out what pitfalls there are in this type funding. Working without all the facts in this instance can often be costly and time consuming, two things you are trying to avoid by going this route. Get out there, take in all the things you need to consider and find the best thing for you!

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.

Retire Early with a Real Income from Colorado Rental Property Loans

The right investment in a rental property lending opportunity can open the doors you need to retire early! Learn how to make a real income with Colorado Rental Property Loans and how these amazing lending opportunities are transforming lives.

Imagine having the free time to get back to spending time with your family and doing the activities that truly make you happy. With the right lending opportunity, you can get started with making a large income by collecting a residual income from rental properties. How might this amazing opportunity be possible?

When you invest in a rental property, you are investing in a residual income that you can count on. If you were the owner of a rental property, whether it was an apartment complex, condo, or home, you would have the opportunity to collect rent from your tenants every month as the owner of a rental property with the financial assistance of a Colorado Rental Property Loan.

You can even become a rental property owner without having any prior experience as a landlord or even without performing the maintenance on the properties yourself. You can start owning your own one of a kind arrangement of investment properties or rental properties without having any jack of all trades abilities quickly with the financial assistance of Colorado Hard Money Lenders.

Colorado Rental Property Loans are a maturing market that you should be genuinely considering if you are not kidding about accomplishing your money related objectives and achieving the financial freedom of your dreams. What is so incredible about putting resources into rental property ownership? Rental properties, for instance, are fit for holding their incentives as long as you are mindful so as to pick the correct inhabitants, monitor your properties, and are certain to hold the correct protection such as rental property insurance. What's great about investment properties is that they can create some type of income every single month as long as your occupants pay their lease. You can ensure this occurs via cautiously picking your inhabitants and avoiding those that are flighty or are bad about paying rent.

Rental properties that you own can create this residual income without you have to manually complete any intensive renovation projects or maintenance on your own. You can use the finances for you loan to outsource your labor and just watch the cash flow in.

Get a Hold of Your Financial Future with Colorado Rental Property Loans

Don’t miss out on the exciting opportunity of becoming the owner of rental properties by obtaining the financial means to get started with the assistance of Colorado Rental Property Loans.

Don’t delay in finding the right Colorado Hard Money Lenders for helping you achieve your financial goals.

Not only can the right Colorado Hard Money Lenders introduce you to amazing Colorado Rental Property Loans, they might be able to offer you a variety of financing options that can help expand your horizons.

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 Special Home Financing Provides Opportunity for Investors

Arizona Special Home Financing allows investors to purchase homes quickly to fix and flip for a profit.

The term home loan brings to mind the traditional 30-year mortgage that home buyers use to fund the purchase of a house, but that’s not the only way to fund a home loan. Investors are a special breed of home buyer. They have different needs and that’s why Arizona Special Home Financing exists.

In order to obtain Arizona Special Home Financing from a Arizona Hard Money Lender, you’ll need a well thought out business plan. They’ll want to know about the specific home you want to purchase and what your rehab plans are. But to start your fix and flip business there’s a bigger picture plan that needs to be put into place.

Here are some of the things you’ll need to consider when starting your fix and flip business:

Where You Want to Work

There may be certain areas of your city that will work better than others for fixing and flipping. Knowing those areas is important so you can select a property that will bring in a good return on your investment.

Type of Houses You Want to Flip

Do you want to stick to only single family residences? Are townhomes an option? If the home has an HOA are you prepared to work around their restrictions? Consider the different options to narrow down your flip opportunities.

How Many Houses You Can Flip

You’ll also need to take a deep dive into your budget to plan for how many houses you can flip without digging yourself into a financial hole. Be prepared for all expenses beyond the rehab such as HOA dues and taxes.

Once you have your business plan prepared you can tailor it to specific properties that you want to flip, giving you a groundwork for your Arizona Special Home Financing application. To learn more about your funding options, call Level 4 Funding today!

Colorado Hard Money Loans were a Dream Come True for this Aspen Family

A low credit school and an impossible amount of medical bills were keeping the Petersons from buying their dream home until they found the assistance of Colorado Hard Money Loans.

The Peterson family was struggling financially and stuck living in a crowded apartment in a bad neighborhood. They were struggling with substantial debt brought on by medical bills for their youngest son’s diabetes and other health problems. All hope was seemingly lost, and the family was getting discouraged that they would be able to get into a real home. Their two-bedroom apartment felt far too crowded with two adults and four children.

That’s where Colorado Hard Money Lenders came in. With the right Colorado Hard Money Loan, it is possible to purchase a property with little to no money down and a horrible credit score! Sounds crazy, sounds like a miracle, but it is 100% real! Colorado Hard Money Lenders are transforming the lives of everyday people.

Let’s take a look into the exciting business opportunity that was able to help this Aspen family achieve such great success.

Colorado Hard Money Loans don’t function the same way as a loan that you might obtain by going through the strenuous process at your average bank. Instead, most hard cash options only require confirmation that you can inevitably reimburse them, yet this is still exceptionally more convenient than the average procedure of getting a loaning opportunity through a bank setting.

Regularly at a bank, the loan specialists there are considerably more inspired by your record of loan repayment than everything else just as your present accounts. Hard cash lending options adopt a considerably more unique strategy. Along these lines, you can undoubtedly get endorsed just so long as you have evidence (and the property you are investing in shows reasonable proof) of having the capacity to reimburse the advance. This kind of hard money lending opportunity is a unique lending situation that can open doors for you and your family. With the financial aid offered to them through Colorado Hard Money Lenders, the Peterson family was able to take themselves out of difficult times.

Don’t Delay in Searching for Colorado Hard Money Loans

The story of the Peterson family is only one example of the transformative powers of hard money lending opportunities. Achieve your financial goals with the right hard money lending opportunities and finally get out of tough times.

The right Colorado Hard Money Lenders can free you from dark times and give you the financial freedom you deserve.

Stop waiting for a sign! THIS IS IT! Colorado Hard Money Lenders are ready to help you get your life back on track and help you achieve your wildest financial dreams such as paying family medical bills with an income from the real estate market.

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.