Setabay Private Hard Money Lender

Friday, April 12, 2019

Personable and Face-to-Face Service from Private Money Lenders

Escape the digital and return to the age of face-to-face conversation. Deal with an individual on a personal level without having to go through bureaucracy, lines, or screens. Face-to-face. Don’t wait in line at the bank or call into an organization who has outsourced its phone-answering services to India. Talk to private money lenders. Get an answer in days, not months!

Analog is dead. Congratulations, you live in the digital age. You live within arm’s length of a computer and a cellphone. Dial-up internet, wall phones, and CDs are dead. To interact with the world around you, you have to look into tiny little screens, answer phone calls at all hours of the day, and no longer have to have face to face conversations. Texting, email, social media, telemarketers calling at midnight. Amid the utopia or dystopia of all things digital, you even have a credit score.

That’s right. Within minutes, banks and many other large institutions can peek into your financial information and judge you. Good debtor or bad debtor? Divorce, foreclosure in the downturn, short sell? Too bad. You’re credit score got wrecked. On top of that, your chances of getting a loan are slim. The banks may run from or shrug you off.

So, what do you do? Are you an analog cowboy in a digital world? Do you long for the simplicity of the past? Good. Many people do. You’re in luck too. There are lenders who don’t look too deeply into your credit score—private money lenders. These are the guys who can get you out of a bind by extending the means of financing you need. Private money lenders are private investors. They are not tied to the Fed and its ups and downs. They are less confined by government restrictions.

Why Do People Prefer to Deal with Private Money Lenders?

Many people confuse private money lenders with hard money lenders. However, hard money lenders compile large sums of money from groups of individual investors in order to lend out money. Private money lenders, on the other hand, go at it lone cowboy raking in substantial, personal stores to lend out to debtors. Many people favor private money investors because there is usually one face who deals with the clients and loans out the money. This differs from waiting in line at the bank or calling into an organization who has outsourced its phone answering services to India. Deal with an individual on a personal level without having to go through bureaucracy, lines, or screens. Face-to-face interaction. Old-fashioned.

Talk to your broker today at Level 4 Funding to locate private money lenders that are right for you.

Don’t deal with automated call-in structures that leave you waiting hours to be attended. Talk to a human being, face to face, and get the lending you need from an individual you can trust. Private money lenders offer old-fashioned service that is quick and reliable. Talk to your broker today at Level 4 Funding to locate private money lenders that are right for you.

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.

What Is An Owner-Occupied Property And How Can An Arizona Hard Money Lender Help?

An owner-occupied property is the primary residence one lives. A property with up to four units, as long as the owner lives in one, is also considered an owner-occupied property. A vacation home that is outside of the county a person lives is also identified as an owner-occupied property.

What exactly is an owner-occupied loan? These are loans where the borrower lives in the property for which the loan is being obtained. There are tighter regulations involved and longer waiting periods for mortgage loan approval when working with a traditional bank. Banks also focus solely on a borrower’s credit worthiness and income when determining loan approval. Most people are familiar with the immensely long process and never-ending paperwork when trying to obtain a conventional mortgage. If the borrower has had a recent loan modification, is self-employed or has less than two years at their current place of employment a bank will likely deny their application.

For these many reasons many borrowers choose to work with a hard money, or private, lender. Not only do borrowers use Arizona Hard Money Lenders because of deficits or marks in their financial history—many times it is for the speed of the process. Arizona Hard Money Loans can also help assure the buyer they will not miss out on an opportunity due to losing the property to a cash buyer.

Terms Of Owner-Occupied Arizona Hard Money Loans

Owner-occupied Arizona Hard Money Loans are intended for short-term use—usually three to five years maximum. The rates on an owner-occupied Arizona Hard Money Loan can vary. Typically, they run between 9.99% to 14.99% with 2-6 points on the loan origination fee.

There are some standard requirements for Owner-occupied Arizona Hard Money Loans. Income must be verified by a 3rd party and hazard insurance and property taxes must be impounded for the first year. Depending on the lender they may be a prepayment penalty and there are disclosure laws that give the borrower awareness of the loan terms before documents can be signed. Most lenders require at least a 20% down payment—however, each lender is different in their terms.

If you are in need of financing for your owner-occupied property and either don’t qualify for conventional lending or you need the financing quickly make an appointment to speak to a local Arizona Hard Money Lender.

There are several reasons a conventional mortgage may not work for you. However, that shouldn’t hinder you from buying if the time is right. Arizona Hard Money Lenders can give you many options and will help you determine which one is best for you. Don’t give up on what you want because the bank said, ‘no.’ Banks are not the only options and many times they aren’t the best option.

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.

Why Use an Arizona Hard Money Lender?

Arizona Hard Money Lenders are individuals that have money to lend to projects. They will finance a borrower’s who bring projects to the table that an Arizona Hard Money Lender can anticipate will have a large return.

Why would anyone need an Arizona Hard Money Lender when they have a bank? Great question! There are many reasons to use hard money. A huge advantage to working with an Arizona Hard Money Lender is they do not focus on your credit report or your monthly generated income. Their focus is on your assets. Why? Because banks and individuals want to know they will have their money returned to them—while banks focus on “if” a borrower can pay the loan back, an Arizona Hard Money Lender focuses on “knowing” the money can be paid back. In plain language—your assets are their insurance. If a borrower defaults the lender can repossess the property and sell said property.

Arizona Hard Money Loans are short-term loans and, although there are situations where people in need of long-term financing use these loans temporarily, make the most sense for fix-and-flip investors. Fix-and-flip investors buy a property, quickly rehab it and sell it for much more than they purchased. These investors usually are in need of financing for only a very short period. Typically, Arizona Hard Money Loans are interest only loans with a balloon payment due at the end of the loan term. Most Arizona Hard Money Lenders do not impose an early payment penalty—meaning as soon as the property is sold the borrower is able to pay back the loan which decreases the pay back amount.

Benefits Of Using an Arizona Hard Money Lender

Arizona Hard Money Lenders can be more flexible in their loan terms than traditional banks can. These lenders do not have a standardized underwriting process. Each deal is appraised individually. Because of this flexibility lenders are able to adjust repayment schedules. An Arizona Hard Money Lender is one individual the borrower will work with— versus a team of people the borrower never sees at a traditional lending institution.

Arizona Hard Money Loans are closed quicker than conventional mortgages. Because their underwriting is much more lenient than a bank’s they don’t spend as much time on the loan application. They are focused on the collateral.

Arizona Hard Money Lenders work using a loan-to-value ratio. They keep this ratio anywhere between 50%-75% usually. However, in certain situations it can be up to 100%. If the borrower is buying an investment property, the lender will lend as much as the property is worth. Using this formula ensures the lender that in case of default the property can be sold back for the loan amount.

To find an Arizona Hard Money Lender you can do a simple google search of your geographic area.

If you are a real estate investor or plan on becoming one it will benefit your business to find a Arizona Hard Money Lender you work well with. Being connected to an Arizona Hard Money Lender will prove priceless, especially during times where fast cash is needed.

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.

Start Earning Now: Get the Spec Home Financing Today!

Don’t let the big bad banking system get you down. Get the speck home financing you need to build on property. Level 4 Funding is here to help you get a return on investment in a market that is heavily demanding new homes to be built. Time and time again Level 4 Funding has acquired spec home financing for its numerous clients. With professionalism, experience, and a favorable track record, Level 4 Funding is here to help you earn more today.

Wow! The bank frowns upon financing property without any sound buildings upon it. That’s a problem, because right now, it’s a builder’s market. There are not enough homes in the industry to satiate the needs of the buyers! Whatever are speck home builders going to do? Well, they are going to go to hard money lenders like the usually do to get the financing that they really need.

Banks and credit unions are bound by more rigorous restrictions than hard money lenders. Banks especially have one hand tied behind their back regarding the deals that they can accept and the rates they can give. Hard money lenders save the day when it comes to real estate investing. These lenders can offer financing where none can be found. They can also offer financing until conventional financing can be obtained.

This is especially beneficial for spec home investors who need to buy property in order to build commercial or residential buildings. Hard money lenders are not afraid of land. Some may require that utilities be connected before hand or that the land be locating in a favorable retail area should they need to liquidate. Nonetheless, they lend frequently and help spec home builders earn a profit.

Get Spec Home Financing Today!

Look no further—Level 4 Funding, your hard money broker, has lent millions of dollars in financing to real estate investors throughout the nation. Time and time again it has acquired spec home financing for its numerous clients. With professionalism, experience, and a favorable track record, Level 4 Funding is here to help you tackle the favorable spec home market.

Earn now. Call your broker at Level 4 Funding today to find out the spec home financing terms and rates that you qualify for.

Call your broker at Level 4 Funding today to find out the spec home financing terms and rates that you qualify for. Speck home financing is here to provide the financing in order to acquire the earnings that need.

How an Arizona Bridge Loan Can Alleviate Stress

An Arizona Bridge Loan is money that is lent by a bank or investor to cover the interval between two transactions. A typical example is when a person is buying and selling a house.

Selling your home or buying a new home can be two extremely stressful times. Sure, it it exciting. However, it is that in between time that can easily cause anxiety for a buyer and seller. An Arizona Bridge Loan is simply a short-term loan that is used in both residential and commercial real estate.

Borrowers take out Arizona Bridge Loans when they want to buy a new house before selling their old house. Arizona Bridge Loans can ease this process and allow homebuyers to sleep at night. Arizona Bridge Loans can be structured in various ways depending on the situation. However, typically an Arizona Bridge Loan will be used to pay the mortgage off of the borrower’s old home. Usually, an Arizona Bridge Loan is interest only throughout the loan’s life—and a balloon payment is required as the last payment. This gives the homebuyer an opportunity to purchase a new home without paying two mortgages at once. Arizona Bridge Loans generally are only a few months, but some may last up to two years.

How Much Will I Pay Each Month For My Arizona Bridge Loan?

This is a question that has many variables to it. A borrower must factor in their new purchase price, how much cash they have to put down on their new home, how much their first mortgage, loan term and interest rate are, the Arizona Bridge Loan interest and the anticipated Arizona Bridge Loan term.

Let’s assume the following to give you an idea of what a borrower would be paying if they were to take an Arizona Bridge Loan and pay off their first mortgage monthly.

Ken finds a home for a purchase price of $250,000. He has $10,000 available to put down on this new property. His old mortgage was $180,000 for 360 months with an interest rate of 6.5%. His Arizona Hard Money Lender is approving him at 7.99% with a 24 month term. With those numbers Ken would be looking at his Arizona Bridge Loan payment of interest only at $399.50. So, instead of paying both mortgages until the old property sold—he is paying a total of $1,532.22 per month ($1,137.72 on his new mortgage and $399.50 for his Arizona Bridge Loan). Once Ken sells his old property he can take that money and pay the balance on the Arizona Bridge Loan—while he pockets the profit.

There is absolutely no reason to live in financial stress while you wait to sell your old home.

Depending on the market you live in it is highly plausible you may only be paying on your Arizona Bridge Loan for a couple of months. But, in the case that your home takes a little longer to sell, you have peace of mind not having to shell out two mortgages a month. See an Arizona Hard Money Lender and find out how they can take the stress off of you.

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.

7 Tips to Find Wholesale Properties to Acquire Funds to Invest with Hard Money Lenders

Finding wholesale properties is a doorway for many into real estate investing. Though it is a trade that takes some time to learn and get used to, it is a great segway into learning the basics of a trade and establishing a basis of networking. Wholesaling helps many acquire the funds to secure financing from hard money lenders.

Call real estate advertisements on billboards or posters and ask for deals that they are not willing to take. Should they accept, these individuals will forward sales opportunities to you in large quantities. Though they may not be the cream of the crop, they offer a potential sell. Mill through enough bad ones, and you just might find the diamond in the rough, meaning a possible couple grand in your pocket.

Craig’s List ads. Check out the site. Though it may be lacking in digital opulence, it is still a hotspot for modern commerce in many industries. Look through the ads, and find properties that look distressed or in need of a fix up. Who knows, you may be able to make a low-ball offer and score a deal that can wholesale to other investors. Rent ads. Who is renting out property in your area? Maybe they are tired of dealing with difficult tenets, finding new tenets, repairing, or driving long hours to repair or manage. Sometimes you might just be the saving right hand of God, full of cash and brokering a deal with investors willing to pay money to renovate.

Pre-Foreclosures. Sometimes, people may be destined to an ill-fated end. However, setting them up with real estate investors eager to purchase their property, may just save the day for them and fill your pocket with some jingle-jangle.

Wholesale to Later Invest with Hard Money Lenders

Owners behind on utility bills. Maybe these individuals are in over their heads. Difficulties in life may make them more favorable to a cash offer on a promising bit of flip property. The only way to find out is to research those who are behind and to make an offer. Vacant and/or boarded up houses. If no one is in the house, someone is paying property tax. Help others out of a property bind by offering cash for uninhabited houses. This may be an opportune way to get a great deal.

Hard money lenders like Level 4 Funding are here to help you get into the real estate business.

Networking and driving for dollars. Keep talking to your network and driving around town looking for any of the prior property types. Eventually, the right deal with appear offering you a way to acquire a profit. With increased profit and increased sales, finding loans form hard money lenders. Becomes a greater possibility. Hard money lenders like Level 4 Funding are here to help you get into the real estate business. Start small, raise money to invest, and find the hard money lenders that are right for you.