Sunday, July 31, 2016

Quick Answers to Quick California Hard Money Questions

Anytime your money is involved you need to know the answers to ALL of your questions. This is especially true with California Hard Money. If you’re thinking about an California Hard Money loan, you need to gather as much information as possible. Listed below are a few FAQs to California Hard Money loans.

California Hard Money FAQs

1. How do I get approval for an California Hard Money loan?

Getting approved is easy! Lenders don’t base your eligibility on credit score, employment history, or current income. In fact, you don’t even have to provide any financial information. All your lender needs to know are the logistics of your property. Hard Money loans are strictly equity-based, so you have quite a bit of leeway when it comes to eligibility.

2. What LTV (Loan to Value) ratio can I expect?

This number will be based on quite a few factors and determined on a case-by-case basis. However, as a general rule, most LTVS will be anywhere from 65% to 80% of the value of the home. This number can fluctuate greatly, but this is a good base to go off of.

3. What are the costs of California Hard Money loans?

All Hard Money loans are going to require a Title policy, insurance, and appraisal. These services do cost money--even up to a couple thousand dollars. Often times though, this will only cost a few hundred dollars. Most Hard Money lenders will not charge application fees or closing costs, so, by the time you even find the lender you want to use, most of the expenses have already been taken care of.

4. Do I have to put money down?

Most of the time, you do. Lenders need to feel confident in their investment, so they need to see that you have enough resources to cover the costs of the loan. Expect to pay a little bit out of pocket until the project is completed, but nothing that will break the deal.

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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Labels: commercial hard money lender commercial real estate loan

How California Hard Money can be borrowed and used

The first and most common example of California Hard Money loans is a residential investment loan. This is for an individual person seeking a loan and the property purchased with the money is then used as collateral. Fortunately for the buyer, this eligibility for this loan is determined on the property, not on the borrower’s ability to pay.

Next, we have California Hard Money for commercial investments. This is for companies (small or large) looking to invest in property or in a “fix-and-flip” project. (This can also be done as an individual, but is a little less common.) In the residential case, your company might not have ownership of other property to use as collateral, so instead, they may accept interest in your company. Basically, the California Hard Money lender would be a part-owner of the business, at least until the project is completed and the money has been paid back to the lender.

Most California Hard Money loans are a bit shorter loans--about 6-36 months. When done correctly, both the lender and the borrower can actually profit. After you have revamped the property you purchased, you can turn around and sell the property for more than what you paid for it. Then, you pay off your loan, make the homebuyer happy, and you have a little extra cash in your pocket. If you play your cards right, you can actually turn this into a profitable income for yourself.

The possibilities are endless with California Hard Money!

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Labels: commercial hard money lender commercial real estate loan

Friday, July 29, 2016

Hard money – the truth and the fiction

Hard money is one of the leading forms of alternative financing, other than the black market, which is illegal, so don’t go there. When loans need to happen quickly, or when traditional lenders will not approve a loan, California hard money may be the only option. Let's review how these loans work, just in case you need a refresher. What Is Hard Money? Most loans require proof that you can repay them. I know, right? They don’t want some cracked out kids coming in, getting approved and then walking out the door. I mean, they were certainly doing this before the bubble crashed, but now they want to get all moral on your case.

Usually, lenders are most interested in your credit and income. If you have a solid history of borrowing responsibly and the ability to repay loans, you'll probably have no problem borrowing money.

If you can't qualify for traditional loans, hard money may be an option. Hard money lenders California give out a type of loan that uses an asset (or collateral) to secure the loan. Instead of evaluating a loan's risk based on your financial position, the lender makes sure that they can get their money back by selling your asset if you don't repay as agreed. This could be a nice car, a boat or even your own house. Don’t put your family at risk when considering one of these projects – it just isn’t worth it. Put up the summer home instead.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Thursday, July 28, 2016

Making your dreams a reality through California Hard Money

You know when you’ve found it. It is the perfect size, shape, and color. It meets all the needs of your family, it is comfortable, inviting, and needs to be YOURS. When you find the home of your dreams, the last thing on your mind is playing the waiting game with your lender. And, sometimes when you do choose to play the game, you don’t get approved for the loan and the home has been bought out from underneath you. Believe it or not, there is a solution to this situation so many Americans find themselves in.

This is where California Hard Money comes in. California Hard Money loans are loans that are equity-based and processed and approved in as little as 24 hours. For the most part, Hard Money loans are funding for foreclosed homes and short sales, but can also be used for fix-and-flip projects or property/land purchases. Since the item you wish to purchase ultimately becomes the collateral for your lender, it is at their discretion as to whether or not they will approve your loan.

Most LTVs (Loan to Value Ratio) are anywhere from 60% to 80% of the home purchase. That means if you wish to buy a home for $100,000, you will be loaned anywhere from $60,000 to $80,000 worth of the investment. California Hard Money is a good way to put a lot of money down on a home and then pay it back rather quickly. This helps you avoid all the mess with banks having to check your credit, employment history, and pay stubs.

While interest rates can be fairly high for Hard Money loans, many are short-term (about 6-36 months) so they can be paid off quickly. When acting on a short sale or purchasing a foreclosed home, the money you save could definitely be the little bit higher interest rate you would pay for the loan.

Becoming eligible for an California Hard Money loan

The best part about applying for a Hard Money loan is that it couldn’t be easier to qualify. You simply contact a Hard Money company or lender, show them your plans and ideas, and you can get your California Hard Money in as little as 24 hours. Eligibility for California Hard Money is not based on credit, income level, or employment. In fact, the main determination in eligibility has nothing to do with you at all! It is all about the property you are looking to purchase. It just doesn’t get much easier than the process of Hard Money.

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Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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California Hard Money lenders are unique.

When you and your spouse decide to purchase a home, you are taking one of the biggest risks of your lives. Of course, if you live within your means and keep a strict budget then this would help you breathe a little easier. But, there are times where money becomes tight even when you are wise with your finances. Sometimes people have to file for bankruptcy and have their house foreclosed due to unlucky conditions whether it comes from losing a job, hard economical times, or got in a bad accident. But thank goodness for California Hard Money lenders. They can help you when you are falling behind on your mortgage by providing you a way to avoid bankruptcy.

They provide short term loans (3-36 months) to those who are in need of help with their finances. Hard Money companies are lenders who offer a specialized type of real-estate loans. Hard Money lenders generally have much higher interest rates than banks because they fund deals that do not conform to bank standards.

The last thing that we would want to do is go into foreclosure, or into big debt that seems overwhelming. One of the hardest things to overcome when faced with an obstacle such as this is to wonder how you are going to become free from the debt. Just because your past has been full of financial troubles, it doesn’t mean that your financial future is in a crisis. There is help. An California Hard Money lender can give you the quick loan you need to avoid bankruptcy and other troubles. Banks will always look at your credit score, credit history, and other components of your finances to give you a loan, but a Hard Money lender will not even look at either of those options.

California Hard Money lenders are with YOU.

As I had mentioned before, California Hard Money lenders will go where no bank would even consider. Rather, they are on your side. They understand your situation and will do everything in their power to see that you are rewarded a loan for a home or project you want. Most California Hard Money lenders loan money for buying a foreclosed or short saled home, home projects, or any other type of property or real estate investments.

The interest rates for most Hard Money lenders are higher than banks because they are taking a higher risk on you. But the good part about California Hard Money lenders is that the loan period is generally a lot shorter than banks. They average anywhere from 3-36 months. Remember that California Hard Money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Tuesday, July 26, 2016

California Hard Money Makes Investing Easy

The other day, I found an amazing investment property. I recently started investing in real estate, and so far have been very successful. I’ve found it quite easy to find California hard money which I’ve used in order to invest in the properties that I’ve bought so far. I have found a great hard money lender California that I work with. I never knew it could be this easy! So when I found this awesome investment property, I immediately called my hard money lender California and let his office know what was going on. I filled out some very basic preliminary paperwork, and they assured me the money would be available when it was needed. That is why using California hard money to purchase my properties has been so great. I never knew that getting a loan to buy a property could be so easy. When my wife and I purchased a home a few years back, there was all kinds of red tape to go through with the banks. That’s not at all how it is with my hard money lender California.

Fortunately, and unfortunately, the investment property is bank owned. That means that unlike a hard money lender California who gets things done fast, the bank takes its time. So I put in my offer and now I’m just waiting. Hopefully things go faster than expected, but sometimes it can take months and months for a bank to approve an offer, or come back with a counter offer. I should be getting a great deal on the property, so the profit will be worth the wait, but I’m not a very patient person, so it’s a little difficult for me. That’s another reason why I like using California hard money—it’s so much faster. I am able to get my properties, flip them, sell them, and make my profit very quickly. It has been an excellent career move for me—but I would not be able to do this if it weren’t for a hard money lender California.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Monday, July 25, 2016

California Hard Money Lenders Get You the “Cold Hard Cash”

Some people ask the difference between hard money lenders California and private money lenders California. The answer to that question is simple—there is no difference. This money normally comes from private people who have access to a substantial amount of cash—they are extremely wealthy, and they are looking for a way to invest that wealth. So they lend money to real estate investors in order to receive a piece of their profit. So it’s obvious where the term “private money” comes from because private money lenders California are private people, but what about the term “hard money”? Well, have you ever heard the saying “cold hard cash”?

The phrase “cold hard cash” was coined (no pun intended) by merchants and traders who often handled coins. Since coins used to have a high gold and silver content, they were warm and soft and did not wear very well. When more durable metals came into use, they took note that they were cold and hard, which was in contrast to the coins previously used. Eventually, the phrase “cold hard cash” meant coins or bills that are readily and immediately available as a form of payment, verses a check or credit. Therefore, Hard Money Lenders California, are given that name, because the money is readily available to fund your real estate investment. There is no waiting period—you can almost immediately have access to your “cold hard cash” from one of the hard money lenders California. So whether you call them hard money lenders California or private money lenders California, you know that you’re dealing with a person who is going to get you the cash and fast!

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Successful Real Estate Investing Using California Private Money Lenders

I have worked with quite a few hard money lenders California. I have been investing in real estate for years, and this is the way to go. Hard money lenders California, also called private money lenders California, will lend you money based on the property you want to invest in, instead of your credit score or history. At this point, I have pretty good credit score—and this does actually help me to get a lower interest rate from private money lenders California, which is nice. However, my credit score was pretty low when I started out, but that didn’t stop me from getting a loan from hard money lenders California. These private money lenders California do not have the same standards as banks where you would get a conventional loan. They are usually individual people who just want in on a piece of the profit you are going to make on your investment.

I have over twenty real estate investment transactions under my belt—which means that I have bought, flipped and sold that many properties since I started out. I have used hard money lenders California for every transaction. Besides the fact that the private money lenders California don’t care about my credit score, they are also a lot faster with getting the money that I need quickly so that I can get the property and start working on flipping it right away. At first, the hard money lenders California provided all the money I needed, with no out-of-pocked expenses for me, whatsoever. This was great—because I had no money at the beginning. Now, I am able to borrow less from the private money lenders California. I am very grateful for how successful I have been in real estate investing, and I don’t think I could have done any of it if there weren’t hard money lenders California.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

California Private Money Lenders Made My First Investment Easy

Recently, I purchased a home, which I plan to flip and re-sell for a pretty high profit margin. It’s in really rough shape, but I can easily see the potential. The first thing I did when I found the home was to research hard money lenders California. I am new to real estate investment—in fact, this is the first home I decided to invest in—but I had been given input to research private money lenders California, also called hard money lenders California. This is how I planned to get the money to initially purchase the investment home that I was planning to fix up. So I researched private money lenders California, and found a really great one. There are quite a few hard money lenders California who want to get in on real estate investing, and they do this by providing the initial capital that is required to purchase and flip the homes.

After researching private money lenders California and finding the right one, there wasn’t much left to do—the house would soon be mine! It only took about two days from the time I found my hard money lenders California to purchase the home. At that point, I owned the home—now all I had left to do was flip it and re-sell it! That should be the easy part! Haha! Actually, this will be the most difficult part—I’ll definitely be getting my hands dirty, but my hope is that it will all be worth it in the end! Researching private money lenders California and finding mine was definitely the easy part, which was nice. I figured that would be the most difficult part. Thankfully, that all fell into place. Now, it’s time to get this home flipped and re-sold!

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

California Hard Money Lenders Want To Lend

Hard money lenders California are usually people who have access to a lot of money and are looking for a way to get a high percentage return on that money. That is why they will lend to you without much red-tape. Hard money lenders California are also known as private money lenders California, since they are individuals and not a bank or credit union where you would normally get a home loan. Most private money lenders California are going to lend to real estate investors who are looking to make a profit by flipping a home and then selling it fairly quickly.

The way that hard money lenders get a good return on their money is because they charge higher interest rates than a conventional loan would. They normally do not lend to someone who plans to live in the residence. Basically, they want to be able to take the home easily if the investor whom they leant money to defaults on the loan. That way, even if they don’t receive the return on their investment in cash, these private money lenders California are still going to get their money back—probably even more than they would have—after they sell the property purchased using their hard money. It’s a win-win situation for them, as long as they have a good lawyer and set themselves up for success. Either they are going to receive back their money with a lot of interest, or in the case of default, the hard money lenders California receive a property that is worth enough for them to still make that money or more.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Posted Yesterday by Dennis Dahlberg

Labels: commercial hard money lender commercial real estate loan

Beretta Only

Sunday, July 31, 2016

Quick Answers to Quick California Hard Money Questions

California Hard Money FAQs

How California Hard Money can be borrowed and used

The possibilities are endless with California Hard Money!

Friday, July 29, 2016

Hard money – the truth and the fiction

Thursday, July 28, 2016

Making your dreams a reality through California Hard Money

Becoming eligible for an California Hard Money loan

.

California Hard Money lenders are unique.

California Hard Money lenders are with YOU.

Tuesday, July 26, 2016

California Hard Money Makes Investing Easy

Monday, July 25, 2016

California Hard Money Lenders Get You the “Cold Hard Cash”

Successful Real Estate Investing Using California Private Money Lenders

California Private Money Lenders Made My First Investment Easy

California Hard Money Lenders Want To Lend

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