Apple Wood Private Hard Money Lender

If you’re building a new home or business, you’ll be looking for Arizona Construction Loans rather than mortgages. Get to know the basics beforehand, so you can move forward without delays. Contrary to popular belief, getting approved for Arizona Construction Loans isn’t necessarily difficult, but the process is different than going to get a traditional mortgage. People use them all the time when they’re building new structures or doing major renovations, and you don’t need to have perfect credit or be a builder to get one. Before you attempt to get approved, though, you’ll want to make sure you have three key things in place; the plans, a comprehensive budget, and permits. In other words, if you aren’t a builder or a contractor, you’ll need to have one on your team before you get started. All aspects of the build will need to be outlined with estimates from the contractors or subcontractors who will be handling each task. The plans will also be necessary to get permits, and the pe...

Getting Arizona Rental Property Loans as a first-time investor can be a challenge. With a little outside-the-box thinking, you’ll increase your odds of success. We’ve come a long way since the market crash. Home values are climbing virtually everywhere and interest rates are low, making it a great time to purchase investment properties. However, if you’ve started looking into Arizona Rental Property Loans , you’ve probably noticed they’re not easy to get, particularly if this will be your first investment property. The good news is, you can still get financing, but you’ll have to be creative to make it work. 1. Have a sizable down payment. If you’re attempting to get bank financing, 20% is still the norm for owner-occupied homes. Once you get into investing, banks start to look for at least 25% before they start offering favorable terms. Owner-occupied borrowers can also sometimes get a second mortgage to help them cover the 20%, but it’s very difficult to get one for investment pro...

You want to put your best foot forward when approaching Private Money Lenders in Arizona for funding, but research out of Harvard Business School suggests most people are approaching business situations totally wrong. Catering to people and bragging will not help you get ahead, but authenticity just might. Prepare to be mind-blown. A collaborative study including researchers both Harvard and Wharton suggests you’re approaching business deals wrong, but then again, most of us are. The study looked at two distinct areas; how people view humblebragging and how they view catering. Both techniques are routinely used in business as a form of self-presentation. People use them as tools to make a good impression, and most people believe they’re effective at getting others to like them. To test the impact of humblebragging, researchers had more than 100 students answer a fake job question regarding their biggest weakness. Over three-fourths responded with a humblebrag. These are the well-re...

Are you eager to get into the fix-and-flip game, but discovering residential Arizona Hard Money Lenders aren’t exactly jumping to support you? It probably comes down to one of three reasons, and the good news is, they’re totally fixable. 1. You’re inexperienced. People new to real estate investing make more mistakes and don’t have the experience to know how to handle surprise issues that surface during a project. Bear in mind, there will always be unexpected events that try to derail a project. At the very least, lack of experience costs money. At worst, it can leave residential Arizona Hard Money Lenders totally holding the bag. The best fix for this is to work for someone with experience in the industry for a while or to bring on a partner with experience who will make the person financing your deal more comfortable. 2. You want the lender to assume all the risk. Fix-and-flip loans of this nature are asset-based, meaning your loan amount will be based on the value of the property...

Taking out an Arizona Airbnb loan may seem like a risky prospect. However, it doesn’t take much beyond knowing how to post a listing to make money using the platform. In the early days, peer-to-peer marketplaces for home-sharing and rentals were little more than couch-surfing sites. Born out of necessity due to market conditions, these sites thrived because homeowners needed to generate extra income to make ends meet and travelers needed less expensive accommodations. Ergo, most of the rentals listed were either a single room in an occupied home or just a sofa in someone’s Livingroom. These options still exist, but as the market has improved, peer-to-peer rentals developed too. Nowadays, people not only rent out second homes, but purchase properties with the express intent of renting them out. Data from Savilles concludes the average second home brings the owner a cool $21,000 per year in rental income and most people use a mortgage or Arizona Airbnb loan to fund the initial purch...

REO properties make great investments, but financing the purchase can be a challenge . Fix and Flip Loans in Arizona work especially well for REO purchases because they eliminate barriers. As you search through property listings, chances are you’ll see the term “REO” quite a bit. It appears on listings for both investment properties and consumer properties, and references that the home is “real estate owned.” In short, the bank owns it, not a person. Properties become known as REOs when the homeowner defaults on the mortgage and a foreclosure occurs. People wind up in foreclosure for many reasons, and the banks don’t like to take homes away from people, so the homeowner gets a chance to make things right during a pre-foreclosure process. During this phase, the homeowner can either get his mortgage caught back up or sell the property. Banks will even sometimes allow the homeowner to sell the property for less than they owe on their mortgage just to be done with the whole thing. If th...