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Showing posts from February, 2020

Can you Make Money with Fix and Flip Loans?

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If you’ve been a part of the major viewing base of popular HGTV series like Property Brothers, Fixer Upper, and Flip or Flop, you may be interested in the potential profit that comes from home renovating and fixer uppers. But where do you get the best fix and flip loan ? Borrowers can turn to public money lenders or Private Money lenders for any of their loan needs. Public money lenders consist of banks and credit unions, while Private Money lenders are private companies and investors. The major difference between public and private lenders is that private lenders offer hard money. Hard money is an alternative to traditional loans that have flexible requirements compared to the loans offered by traditional lenders. Even though hard money is a great primary option for borrowers struggling to meet major loan requirements, it is a great loan for those renovating homes. Interest rates and fees can be higher than other loans on the market, however, with the right plan, you can X. Benefits

The Pros and Cons of Using a Commercial Hard Money Lender

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If you've never used a commercial hard money lender before, it's good to know some of the pros and cons involved. Here's why it might be a great option for some investors and not the best option for others. Hard money loans are loans that are secured with collateral, not with the borrower's credit score or financial history, as is the case with banks. These lenders operate outside the typical regulations to which big financial institutions must adhere. This offers them several advantages over a traditional commercial bank loan: ● The Approval Process is Much Quicker. While bank loans can take 30 days to several months to come through, a commercial hard money loan can be approved and funded in days or weeks. Private investors can look over the project and make a decision; no need for complicated income verification or lengthy background checks. ● You Don't Need Great Credit. Since the property is put up as collateral, your financial history, credit score and income

Here's Why December is the Best Time to Get a Fix and Flip Loan

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It might sound crazy but getting a fix and flip loan in December or January is a perfect time. Read on to find out why. Most people think about taking on a flip in the so-called "hot" months of the spring and summer. While any time of year can be a good time to do a fix and flip , there are many good reasons why December is the best month to find a project, get your funding secured, and start working. Here are just a few of them. 1. Prices Are Low. Real estate is traditionally a bit cold in the winter months. People don't relocate as much during the winter and this is especially true during the holiday season (November and December). The people who are selling are often desperate — maybe they have to move because of a job or a reassignment, or they're underwater on their loan and have to get out. Whatever the reason, homes that do hit the market during this time period tend to be cheaper. 2. The Timing is Perfect. It's the oldest adage in the book: buy low and s

Will YOU SURVIVE the Corona Virus?

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It's time to be a Boy Scout. Ok, your changes of contracting the virus and dying from the virus is limited.  If you get it, you have a 2% chance ending up dead.  But I don’t think a lot of us are going to get it.  What I’m talking about is surviving the financial loss........  readmore                                                                                                                                                                                                                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 NMLS 1057378 | AZMB 0923961 | MLO 1057378 22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027 111 Congress Ave | Austin | Texas | 78701 About:  Dennis has been working in the real estate industry in some capacity for th

Can you Really Make a Profit with Arizona Land Loans?

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Choosing to invest in Arizona Land Loans can be risky if the location of your investment is in an underdeveloped area. Read more below to find tips on making the most with your investment. Borrowers interested in Arizona Land Loans may be interested for a few profitable reasons. Whether they are looking to build a beautiful home in a city going through major developments to resale later or purchase the land as an investment over time, many people are reaping the benefits of owning land. Some even purchase land to upscale for themselves. However, buying land isn’t as easy as it sounds. The location of your land will be just as important as its ability to function should you or your buyer choose to build on it. Access to power, water lines, sewer, curbs, and sidewalks are extremely important should a home be built on it. Then, there are more technical requirements to consider: restrictions and conditions of the lot. Can you build? Are there environmental hazards? Is the land in a flood

Give Me 30 Minutes and I’ll Change Your Perspective on Hard Money Loans

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Hard money loans are the way to go for some investors who need fast cash and can’t qualify for traditional loans – here’s why. In the world of finance, hard money loans can get the short end of the stick when it comes to reputation. We’re aware! But what I’m here to tell you is why we may be the right choice for you. First and foremost, we offer an opportunity for investors who can’t secure traditional loans – we’re the fairy godmother for those who have poor credit and can’t wait for a loan to fund for weeks on end. Some of what you’ve heard is true. Yes, we do have higher interest rates and yes, we do scrutinize your project plan, but that’s because we’re taking a risk. We’re taking a risk on your project and on you as an investor. We Don’t Avoid Risk, We Welcome It! But that’s a risk we are not only willing, but happy to take! It’s why we’re in the business of hard money loans! We’ve seen investors miss out on opportunities because they can’t get the cash fast enough. We’ve seen