Want To Be a Landlord? Texas Hard Money Lenders Can Make Your Dreams Come True!

If you are dreaming of making extra income by investing in rental properties, Texas hard money lenders may be just what you need to make your dreams come true. With fast loans and streamlined paperwork, hard money loans can help Texas investors with all of their goals. 

If you want to invest in rental properties, you probably already know that being a landlord can be very lucrative. While it is not exactly passive income because you do have to maintain, rent, and service your units, it can be a great way to make extra money and build equity in the property. What you may not know, is that Texas hard money lenders can be a great way to start investing in rental properties.

Texas hard money lenders service hard money loans. Hard money loans are cash loans that are asset based. This means they are based on the merit of your investment property, not your individual credit score or debt to income ratio. This is great new for Texas landlords who often have high debt to income ratios due to multiple investment properties. In addition, loan times are fast and there is little paperwork, meaning you get your cash faster to purchase your property.

3 Ways Texas Hard Money Lenders Can Help You With Your Rental Purchase

If becoming a landlord using Texas hard money lenders  sounds like the right choice for you, here are a few ways that your lender can help you achieve your goals. 

1. Residential properties: You can use Texas hard money loans to purchase residential rentals like single family homes, duplexes, and even apartment complexes. With high loan to value ratios and the option to use other assets to cross-collateralize, you can usually borrow most of the purchase price of the property. 

2. Commercial properties: Texas hard money lenders can also give loans on commercial properties. This is ideal if you want to rent space to businesses instead of housing. Commercial rentals can be a great option because there is usually less maintenance and depending on the location, you may be able to charge higher rents per square foot. 

3. Your lender can help you even if you have bad credit. FICO scores don't matter to Texas hard money lenders. Make sure you have an investment plan and a way to pay off the loan but don't worry about previous debts. 

Once you have decided to use Texas hard money lenders to finance your rental purchase, find the right help for you!

Find a lender who specializes in alternative funding sources and is knowledgeable about hard money loans. Don't be afraid to ask questions and shop around for a lender that you feel comfortable with. 

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Real Estate Red Flags? Not According to Texas Hard Money Lenders!

Many "conventional" ideas about what is a make or break for a home purchase simply do not apply to buying investment properties. Some "issues" can actually be money makers with a loan from Texas hard money lenders. 

I recently read an article about "real estate red flags." While reading this article, I could not help but chuckle at some of the things the author thought were deal breakers. When it comes to real estate investments, Texas hard money lenders know that often times, a house with some issues can be the golden ticket.

3 Common Issues That Should Not Deter You From a Property if You Are Working With Texas Hard Money Lenders

The article about red flags had a few issues that they thought should scare all buyers away. However, if you are getting a hard money loan from Texas hard money Lenders, these issues can actually help you get a better deal and make a significant profit. That is because hard money loans Texas are designed to purchase fix and flip properties. The more that is "wrong" with the home, the lower the price and the more room for improvement. Here are three things that should never scare you away if you are investing with hard money loans Texas.

1. Property is being sold "as is." For many picky buyers, this suggests that there is something wrong with the home. There may be but if you are purchasing with a Texas hard money loan, you can use the loan to fix the problem and sell the home for a profit. You can also usually get a good deal if there are cosmetic issues. And, not asking for any repairs from the seller means you have a much stronger bargaining position.

2. The home is listed as needing a little TLC. The article said that this meant the home was a shack. If you want turnkey, obviously this would not be for you, but hard money lenders Texas know that TLC can translate into big bucks.

3. Cash only offers. Buyers with traditional financing will not be able to swing this, but with hard money loans from Texas hard money lenders, you can come to the table with cash in hand to buy the house. And, as a bonus, cash in hand offers can usually be accepted at much less than the listing price.

So, regardless of what the real estate "experts" tell you, hard money lenders Texas know that many of these "problems" should not be deal breakers and can even be ways to earn more on your
investment.

If you are looking to purchase a home with Texas hard money lenders, don't let a little work scare you! A diamond in the rough may be just what you need!

When you are ready to purchase your investment property, call our expert team at Level 4 Funding to get your hard money loan started today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Risk Less with Texas Hard Money Lenders

If you need a hard money loan, Texas hard money lenders can be your best friend. From less paper work to faster closing times, there are many benefits to using a Texas hard money loan compared to a bank loan. However, since a hard money loan is more investment driven, it is important that you take all necessary steps to minimize your financial risks and maximize your rewards. 

If you are in the market for hard money loans Texas investors use and trust, then you need Texas hard money lenders. A Texas hard money loan is a specialized type of financing that uses real estate to back the loan. Hard money loans are primarily used as investment loans or short term financing until a regular loan can be obtained. They are used for fix and flip investments as well as bridge financing. Hard money loans can also be used as a short term loan when cash is needed for something like an auction purchase that is then refinanced to a traditional loan at a lower rate. The primary reason that hard money loans are used as short term investments is their higher interest rates.

There are several benefits to hard money loans for borrowers. Firstly, hard money loans from Texas hard money lenders have quick closing times. This helps Texas investors get cash fast to be able to make strong offers, financing in hand. Secondly, hard money loans are not contingent on the borrower's finances so investors with bad credit or a high debt to income ratio can still get the money they need. Finally, hard money loans are flexible with the option to cross-collateralize and borrower more or even extend the terms of the loan if necessary.

Texas Hard Money Lenders Want YOU to Know, 3 Ways to Minimize Risk with Hard Money Loans

While there are many benefits to hard money loans, there are still risks involved. In order to help protect yourself and your investment, here are three ways to risk less.

1. Have the property purchase you are making appraised. The number one way investors lose money with hard money loans is by a home not selling for as much as they thought it would. Have the property accurately appraised before you buy it. This will help you risk less. 

2. Make smart renovation choices. If you are renovating an investment property, Texas hard money lenders recommend that you choose your renovations carefully. Spend your money where it really matters and remodel the home in ways that will get you the most bang for your buck. 

3. Pay  the loan off quickly. The truth about hard money loans Texas investors rely on is, they have higher than average interest rates. The faster you can pay the loan off, the less the interest rate will matter. 

Once you have decided that a hard money loan is the right choice for your investment, find Texas hard money lenders to lend a helping hand.

Here are Level 4 Funding we have loan officers who specialize in Texas hard money loans. Call our office today to get your questions answered and get started today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.