Setabay Private Hard Money Lender

Sunday, April 7, 2019

Find Colorado Private Money Lenders for Flips

Colorado Private Money Lenders are here to help you eke out a living through profitable investment. Talk to your private money broker at Level 4 Funding for more information.

John Meredith was a car salesman. He worked 10 to 12 hours a day talking to the interested customers in his small town. Every morning, he woke up to the Arizona sun gently entering his window. Every morning, he ate the same breakfast comprised of three eggs. With his shoes covered in a fresh coat of polish and his shirt ironed, every morning he’d make the same 20-minute drive to work.

Opposed to the shady salesman archetype, John had a very calm, open, and helpful demeanor. His method of salesmanship was showing people the facts, the book values, the information… Transparency. Negotiation. Closure. Trust. The sale. Return customers, asking for him. With 4 years in the business, he had started to see many return customers. He’d watch them stroll onto the lot from the sales building’s window. The problem with the building was that it faced the east causing the mid-morning sun to glare his view. With a customer on the lot, he would stroll out, greet, question, and calmly guide. Calmly address concerns, objections, anger, bliss. Selling was chaos. It was an infinite cycle of addressing objection and responding with fact. Responding with reason. Coming out of the void of uncertainty with answers, assurance, and mutual benefit.

John sold cars by calming the horde of frustrated clients. After closing a deal, he would slowly move to the window and watch for another customer. Watch the sun cook the concrete and the blacktop. John had a friend who wanted to flip a house. His name was Jimmy Anderson. Knowing a few Colorado Private Money Lenders in the area, Jimmy was interested in taking out a loan to flip a house. The problem was that the Colorado Private Money Lenders would only fund based on a 60% of the loan-to-value amount. Meaning, to flip he needed John to match his investment amount.

Earn More Money Today Using Colorado Private Money Lenders

Jimmy had experience flipping, John had seen his success in flipping homes and was interested in investing. Within a week, they had received funds from local Colorado Private Money Lenders and had acquired a promising piece of property. What followed was not the easiest project. It required many hours after work and weekends. Many parts of the flip went well. Other parts were difficult: lackluster contractors, unexpected property damage, city laws, bureaucratic appeasement, marketing, sales, commissions, interest rates.

Find Colorado Private Money Lenders for your ventures. Talk to your private money broker today at level for funding to find the loan type, interest rate, and terms that are right for you.

However, with everything said and done, their side hustle earned an extra dollar and the effort in the end seemed worthwhile, a means to a monetary end. All of this was possible thanks to John’s friend’s insight and the funds from Colorado Private Money Lenders. Thanks to John and Jimmie’s private money broker at Level 4 Funding this opportunity was made possible.

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

Buy a New Home Before Selling - Get a Colorado Bridge Loan

2018 has brought with it an accelerated real estate industry: an upward trend in the market and a multitude of eager buyers at hand. The result has been a shortage of available homes across the board, a pressing demand for available homes, an increased value of rental properties, and a burgeoning demand for construction. Even despite the slowing growth in housing prices and the difficulties of mounting federal interest rates, the housing market remains strong and home equity has risen substantially. These elements are enticing many home owners to sell their current properties.

Of the many individuals who are eager to sell there home, there exists a subcategory of sellers who are interested in acquiring a new home before their old home sells, otherwise known as bridging or applying for a Colorado Bridge Loan. There are many reasons why a Colorado Bridge Loan may be useful. Selling a home in order to relocate for work purposes is a common cause. New job opportunities await, and the hypothetically ideal property is found in a new area. Why wait? Perhaps, while in the prosses of selling, an individual encounters a home at auction. Perhaps, they encounter a home near work, school, the grocery store, the yoga studio, etc. The perfect home in the perfect place, at the right price, and at possibly at the right time.

A Colorado Bridge Loan can help you capitalize on opportunity. It lets you establish financing to acquire a new home without selling the older home in a matter of days, possibly less. This is great news, for many who would not be able to acquire the right property—should they be left to conventional lending institutions and their stringent underwriting processes. The heart of the matter is this: conventional lenders are regulated by the mandates of the Fed. They take months to finance and are difficult to appease. A Colorado Bridge Loan is fast and is used to acquire property in the immediate future until conventional lenders come along in the future at lower rates.

Seize Market Opportunity with a Colorado Bridge Loan

A Colorado Bridge Loan is a short-term loan usually ranging anywhere from 3 to 24 months. These types of loans require possessing equity in a home that is for sell. Interest rates on a Colorado Bridge Loan may start as low as 7.99% an have up to 90% loan-to-value.

“Don’t wait! Talk to your broker at Level 4 Funding for a Colorado Bridge Loan today.”

Talk to your hard money broker at Level 4 Funding to find the Colorado Bridge Loan and interest rate that is right for you. Take advantage of the opportunities of purchasing a home in the neighborhood that is right for you. Level 4 Funding has history of helping buyers acquire the assets they need when they need them.

Why Are Owner Occupied Arizona Hard Money Loans So Rare?

If you've ever tried to find an owner occupied Arizona Hard Money Loan in Arizona, you know how rare they are. Don't fret — they do exist, but you might have to get a little creative to make one work.

To explain why these loans are so hard to come by, it's important to understand what they are exactly. Unlike bank loans, where you're essentially just agreeing to pay the money back based on your good financial standing, Arizona Hard Money Loans are based on collateral. In other words, you take a personal asset (like a home or commercial property) and put it up to secure the loan.

Also, hard money typically comes from private investors instead of massive financial institutions, making the terms more flexible. That's why real estate investors and business owners use them the most.

Where we hit a snag is when the borrower intends to live at the property in question. Why? The loan is no longer intended for a commercial property or to bring in income, which puts it into more conventional mortgage territory. Being in that territory makes it subject to stricter regulations, more oversight from the IRS and third-party verification — all things that alternative lenders don't typically have to deal with.

With the extra hoops to jump through and the increased hassle, it's no wonder hard money lenders often don't want to touch them.

How to Get an Owner Occupied Arizona Hard Money Loan

Despite all this, some lenders are still willing to do owner occupied Arizona Hard Money Loans. And, there are often workarounds. For example, if you want to flip a home and live there at the same time, that can be configured as a "business purpose" which make the process infinitely easier. This is where your choice of lender is important.

The Right Lender Can Make All the Difference

These types of loans are rare, yes. But they're not impossible. Choosing the right lender can increase your chances of getting approved. In fact, it can mean the difference between getting an owner occupied Arizona Hard Money Loan to realize your real estate dreams and being left out in the cold. At Level 4 Funding, we have decades of experience and know the Arizona market backward and forward. Put our creativity and experience to work for you — give us a call or chat with us today to get started!

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.

Make More Money with Colorado Rental Property Loans: Rental Trends 2019

Overall, the experts claim that now is a good time to invest in the rental market. For many, investment in rental property requires a lending source. Conventional lenders for many are out of the question or incapable of meeting the demand of real estate investment. Hard money is the favored alternative for real estate investors. Hard money Colorado rental property loans are able to help you take advantage of the rental market.

Trends in rental property investment:

Many people are renting rather than purchasing homes: Millennials are a substantial cause of the rise in renting. Many look back to the Great Recession as the cause. The Great Recession has led to a greater cost of tuition leading to greater debt in order to attend college. These debts along with an economy with less employment opportunities as past generations have delayed millennials from making decisions such as home ownership. With less millennials purchasing homes, the renting rates have seen a gradual rise over the past several years. The younger generation is not the only generation that is renting. Recent trends suggest that the retired and elderly are more likely to rent. Here are some of the reasons for the renting trend. First, downsizing. Many are finding that they no longer need the room like they once did. Aside from this, relocating to be closer to family members as well as selling property to avoid maintenance.

Rent is rising faster than income: With a steady rise in rental demand, the prices of rental properties are rising as well. While, this is not too surprising, it has become a challenge for many, especially since “half of all renters pay more than 30 percent of their income” according to curbed.com.

Shortage of homes on the market: A shortage of homes on the market has led to a rise in the price of housing. Due to this scenario, many households are renting instead of buying a home. The demand for homes along with the demand for rentals are simultaneously on the rise. While this is the general case in the US, it should be noted that in certain areas, newer homes are reducing the cost of rent, despite many years of upward movement. This is because in certain areas homes are being developed at a fast enough pace enticing home ownership over renting.

Increase Earning Potential with Colorado rental property loans

Strong rental market.

“Apply for Colorado rental property loans today.”

For more information on Colorado rental property loans, talk to your broker at Level 4 Funding. Level 4 Funding has the direct hard money private lending options at competitive rates. Having funded over $40,000,000 Level 4 Funding has the experience and the expertise to meet your real estate lending needs. Apply for Colorado rental property loans today.

How to Turn a Rental Property Loan into a New Source of Income

Have you ever dreamt of pulling down an income without having to punch the clock and toil 9 to 5 at an office? Getting a Arizona rental property loan and buying an investment property might be the solution. Here's how to make it work for you.

It's hard to call an investment property passive income because there is work involved. As a landlord, you'll be on call to make repairs and you'll have to collect rents every month and do cleanings between tenants. However, many people find it preferable to working a 9-to-5 job because you get to work for yourself, the hours you devote to it pay great dividends and the work can be enjoyable.

Here's the problem; it takes a fair amount of capital to get started (the old "you have to have money to make money" axiom is quite true here). There's the upfront cost of buying the investment property, then there's the cost of getting the place ready for renters and there are all sorts of taxes and fees on top of everything else.

So where do you get funding for a rental property? One option is to go through the bank. The banks will offer relatively low interest rates, but their loans can be difficult to qualify for. In fact, they'll dive into your financial history and dig up everything; they'll poke into your bank account and they'll want you to have a great credit score. If you don't meet their standards, you're out of luck. Thankfully, there's an alternative.

Hard Money Rental Property Loans

Hard money Arizona rental property loan work differently. Your property is your collateral, so lenders aren't going to freak out if your funds are low or you've had financial issues in the past. They're also lightning quick — most people can get pre-approved in 24 hours and have funding in a matter of days. The interest rates are typically higher, but many people use hard money to get started before switching to a more conventional, long-term loan.

Rental Property Loans at Level 4 Funding

Looking for a Arizona rental property loans in Arizona? You've come to the right place. We offer super fast approval and funding (in a matter of days) and we have some of the most competitive interest rates in the state (starting at 7.99%). There are no prepayment penalties and you can get loan-to-value loans of up to 90%. We also have flexible loan terms. How flexible? Give us a call today and let's talk about how we can help make your rental property dreams a reality.

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, April 6, 2019

Looking for Fix and Flip Loans in Arizona?

Ready to do a flip in Arizona and need funding? We're here to help. Give us a call and we can answer any questions you have, address your concerns and help get you on the road to profit!

Hard Money Lenders Offer a Wide Range of Loans. Which One is Right for You?

Unlike some banks, Arizona hard money lenders don't just offer a single, one-size-fits-all loan. They offer an array of useful funding options. So which one is right for you?

If you've been turned down by the banks or you just like the flexibility of Arizona Hard Money Loans, you might be ready to try one. Here are some of the types of loans that lenders like Level 4 Funding offer:

Rental property loans. Rental property loans are designed to help you buy a rental property. They're also sometimes called investment loans because they're used to buy investment properties for semi-passive income.
Fix and flip loans. Looking to purchase a home, rehab it and resell it at a profit? Fix and flip loans are perfect for this. They're easier to qualify for, they're fast and they have terms specifically designed for the flipping process.
Bridge loans. Bridge loans are exactly what they sound like — they help you get from one loan to the next. They're most often used for homeowners who want to buy a new home before selling their old one.
Construction loans. Planning to build a spec home or a residence from scratch? Construction loans are the ideal choice; they're tailored to help builders finance everything from the lot of land to the materials and everything in between.
Commercial real estate loans. Commercial real estate is things like offices and retail spaces. In other words, structures that are not meant to be lived in. Buying commercial real estate is a whole different animal than residential real estate and the terms of commercial real estate loans are custom made to meet those unique challenges.
Residential loans. Residential loans help homebuyers purchase a home they intend to live in. This could be a single family home, a condo or a townhome.

Applying for a Loan from a Hard Money Lender

Applying for a loan from a Arizona hard money lender is typically easier than applying for a loan from the bank. Arizona Hard Money Loans use an asset (like a property) as collateral, so there's no begging or jumping through hoops. In fact, you just sit down with a lender, tell them your plans, provide some documentation and the process gets started. Many loans of this type can be approved in a day and some can even show up in your account within a week or so.

Hard Money Lenders in Arizona

If any of those loans sound like a fit for your goals, give us a call here at Level 4 Funding. We're Arizona hard money lenders who have been doing it for decades. We'll listen to your dreams, answer your questions and do everything we can to help you get the funding you need.

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.