Beretta Only: Arizona hard money loans

Showing posts with label Arizona hard money loans. Show all posts

Sunday, December 2, 2018

The Best Place to get loans for Airbnb businesses in Arizona?

Short-term vacation rentals are now a viable source of income thanks to platforms like Airbnb. You may want to take advantage of this opportunity, but what's the best source of loans for AirBnB businesses?
In the past, it was challenging to secure consistent short-term rental income.
Vacation rentals were advertised through newspapers and other forms of advertising with limited reach. How could Joe and Sally from Minnesota find out about a beachfront property available to rent on the coast of California? Well, they really couldn't. In the 21st century, things are different. Finding a regular stream Joe's and Sally's to lay do wn several thousand dollars a week to stay in a beachfront home is now possible thanks to platforms like Airbnb. Depending on your locale, owning a vacation rental property could pay for half or more of your outstanding mortgage.
However, you may not have the funds on hand to purchase a vacation property outright, and unfortunately, traditional bank bureaucracy hasn't quite come into the 21st century.
Getting an Arizona Airbnb loans can be difficult, bank regulations and FHA guidelines hamstring conventional lenders
A beachfront condo has just come onto the market. You know for a fact the best strategy here would be to rent it out on a short-term basis. So you go to your friendly neighborhood bank. It's all smiles until the loan officer asks " how do you intend to pay for the second mortgage?"
You explain that you intend to make money by renting out the property during tourist season. The loan officer reviews his checklist, " short-term rental hmmm, I’m sorry, we can account for that type of income."
Essentially brick-and-mortar lenders haven't caught up to the opportunity offered by platforms like Airbnb. Traditional lenders are for the most part unwilling to underwrite loans based on short-term rental income, which means the vacation property you intend to finance will be grossly undervalued. In most cases usually only the best borrowers can qualify.
Say you've found a dilapidated beachfront property, in a popular hip location. Prices in the area are prohibitive, and this busted up cabin is your only way to get in on the action. You know once the property is up to a livable standard, you could charge 500 bucks a night to rent it out. But, don’t even bother with a regular bank if a property is anything less than livable. Your deal will not close due to FHA guidelines.
If a distressed, but steeply discounted property, comes onto the market in an extremely lucrative area, conventional lenders, unable to resell your loan to Fannie and Freddie, are going to reject your application out of hand.
Private money can be the help you need to get an Arizona Airbnb loan.
In such situations, a private money provider is your best bet. This type of lender can consider the short-term income potential of the property you want to finance because private lenders set their own rules when it comes to underwriting. Private lenders are also not beholden to FHA guidelines.
With a private lender on board, that condo is yours, even if you have an outstanding mortgage or less than perfect credit. With a private lender, you can transform that run down cabin into a gem. Airbnb will then be sending you a stream of Joe’s and Sallies who will pay you thousands of dollars a week for the privilege of staying in your refurbished vacation home.
So when it comes to vacation rentals, skip the bank and approach a private money provider first.

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.

Friday, November 30, 2018

No Money Down Arizona Fix and Flip Loans: Advice for New Investors

If you are new to be flipping business, you may have heard the prospect of no money down Arizona Fix and Flip Loans. You may be thinking "hmmm, I can get into the flipping business without spending any of my own money, well sign me up!"
You can use three methods to pay nothing out of pocket for your next flipping project, wholesaling, private money and hard money.
Let's talk about wholesaling first. The Easiest way to explain the process is you sell the option to purchase the house to another investor. You don't spend any money; you secure a purchase contract with a buyer and before the date on the purchase contract comes around you sell off the option to purchase the home to another investor.
Wholesaling is not a good option for someone who is new to the rehab business. A good wholesaler knows how to find the most attractive houses to flip, can compete with full cash offers to secure a bid and above all, they are in contact with a network of other real estate investors who are willing and eager to purchase their contracts.
As a new investor, it is doubtful you have any of these qualities. So what are your other no-money-down financing options?
Few new house flippers can qualify for no-money-down Arizona Fix and Flip Loans from private investors.
The situation with private money involves you seeking out a cash buyer to finance the full cost of your flipping project upfront. In this situation, you have to prove your value to an investor, and have an answer for him when he asks "why should I pay for the full cost of your project?” The investor needs believe that you can carry out the work, and all he has to do is sit back and let the money roll in.
However, if you're new to the flipping business, you don't have the requisite demonstrable proven track record when it comes to rehabbing distressed properties. Given this lack of experience, you probably wont get an investor on board. What are your options when it comes to getting no money down financing, for your first flip?
Hard money can be a route for new investors to get no money down Arizona Fix and Flip Loans but carefully consider the risks.
If you have enough collateral on offer, even if you're new to the flipping business you can still get a zero down hard money deal.
A hard money provider is a lender who offers you a loan based on the value of your collateral. You need to find a hard money provider who is "creative," when it comes to collateral. If you pledge enough of your assets, some hard money providers might not require you to make a down payment. To truly pay nothing out of pocket, you also need to find a lender who is willing to defer the payment of fees until your project resells. But, are you willing to pledge your primary residence, 401(k) or any other assets to avoid out of pocket expenses?
You need to consider this question carefully. If you are new to the flipping business, it might be better to make a steep down payment than to risk losing your house. The more experience you get with house flips, the more financing options you'll have. You can get into wholesaling, partner with other investors and you'll have a bit more confidence to get a no-money-down hard money loan.

Monday, November 26, 2018

Hard Money Arizona business loans: A Tale of Two Businesses

When it comes to Arizona hard money loans you take out for your business, consider carefully, whatever your pledging.
Sally Jones lives in a beautiful picturesque tourist town, where she owns and operates a restaurant. Then the especially ponderous local city council demands Sally make some extensive cosmetic changes to the exterior of her restaurant, “to preserve the historic character” of the neighborhood they say. If she doesn't make these changes, she will have to shutter her business right in the midst of peak tourist season.
She needs money yesterday. She's heard about hard money does a quick cursory search online, to find a "hard money provider," and the one she finds offers her a merchant cash advance instead. She doesn't think much of it, applies, and the money quickly comes in. She makes the necessary cosmetic changes. Business goes well extremely well during tourist season.
However, the loan she took out was paid back with 40% of all her profits. She breathes a sigh of relief ‘at least the loan is paid off,’ she tells herself. But her margins are razor thin, and she has absolutely nothing in savings.
Should be okay right? Well, then the city council demands that the siding on her restaurant isn't the right color and she'll have to change it. With absolutely nothing in savings, Sally has to take out another MCA loan to resolve the issue.
When it comes to hard money Arizona business loans, real hard money providers don’t use your income to secure their loans.
Across the street, Ralph was under similar threat from the city council. He too needs fast money, he goes online and finds a hard money provider. His lender asks him to pledge his restaurant as collateral for the loan, and he's a bit nervous about the interest payments. Nevertheless, he goes ahead and makes the necessary changes. All the extra income he earns throughout tourist season, allows him to pay back the loan he took out and also enables him to save up the additional revenue.
So when the Birkenstock wearing, tofu munching city council demands that he also needs to change the color of the siding on his building he has some extra money on hand and he doesn't need to take out another loan.
Risk less by seeking out real Arizona Hard Money Lenders.
The moral of this story is don't put your businesses long-term income on the line to fix a short-term problem. A real hard money deal allows you to leverage the equity you have your business' real property as collateral. Yes, there's some risk and you'll want to carefully consider whether or not you can pay back the loan. However, if the prospect of quickly paying back the loan is in sight than this type of deal offers little to no danger.
However some there are hard money providers online, that are merchant cash advance lenders. These loans are especially dangerous as seen in the story above because they hamper your business's ability to save income. Your business's cash flow is eroded, and slowly but surely another short-term problem comes up. Because of your MCA, you have little to no savings on hand, and you have to take out another loan.
So when it comes to alternative financing, know precisely what you're pledging. Be sure your hard money provider is the real deal.

Sunday, November 25, 2018

The Facts About Arizona Rental Property Loans

Get more returns with Arizona Rental Property Loans.
First off, property investment attracts investors wanting to use funding from a bank, instead pulling an ungodly amount of cash out of pocket. Do you have to be a million or billionaire? No. Not at all. You just need to secure the funding and provide a percentage of cash down to protect a lender should a foreclosure occur. This is great! To start leasing, you do not have to fork out a fortune to buy a $200,000 home along with the added cost of renovations, marketing, and the works. Instead, you rely on a lender: an entity that evaluates value, equity, and risk in order to fund you, the investor.
Alright, you can get money from Arizona Rental Property Loans. So what. What does that get you? Well, “you gotta have money to make money,” and when it comes to property investment, you generally use Arizona Rental Property Loans to purchase real estate to build, fix real estate to sell, or renovate real estate to rent. If you have connections and experience with construction and contractors, building may be a viable option. If you are looking for a quick pop and a good return within a shorter period, flipping may be your niche. However, if you’re in the game for the long haul, if you want to build the next mecca of personal equity, or if you just want a steady trickle of cash from leasing, rental property is where it’s at.
Arizona Rental Property Loans allow for an individual to build equity by using profit from leasing to pay off debt. Equity is what you own: for example, you put down $35,000 to receive a loan of $65,000 at a certain interest rate. $35,000 is your equity in the property. The more you pay and the less you owe the lender, the greater your equity. Aside from paying off debt, renovation may increase the overall value of a property, worth of a debtor’s equity, and the price of rent.
Arizona Rental Property Loans Create Long-Term Security
While constructing and flipping provide relatively quicker returns, investing in rental property may establish income via long-term renters. With a newly renovated property in a desirable area and at a market-conscious price, a landlord with a business knack can rake in consistent returns.
Build equity with Arizona Rental Property Loans.
Over time, investors hope to pay off the property. Owning property free and clear once again increases the returns. Should the market value of property rise, the owner is able to sell the property and reap the benefits of positive equity. If the owner chooses to continue leasing the property, he or she can then use the money to further invest and build more rentals, businesses, or savings.

Earn More Money: Start an Airbnb Business in Arizona

How an Airbnb Business in Arizona may let you tap into rental income.
In the beginning there were normal rental businesses, and normal rental businesses were the way to run things. Then God spoke. Airbnb emerged from the darkness, and its opportunities were good.
Ground control to Major Tom—analog is dead, digital is here to stay. Airbnb has overwhelmed the traditional rental methods. It is now worth roughly 24 billion dollars!! A fancy app, a clean UI, and a myriad of positive ratings have seduced users into booking low-cost, well-placed, and amenity-packed locations. Are you willing to harness its power and tap into the money? Wait? You can make money using another business? You could, say, purchase a conveniently located property and then, you know, rent it out on an app to people who want to stay there? Sure. You can just as many other people have.
So, how do you do it? Well, Arizona Hard Money Loans appear to be the answer to funding your side business because conventional lenders find property loans to be particularly risky. This is partly due to conventional lenders looking at short-term or vacation rentals as intermittent, with high, low, and uncertain cycles as compared to long-term, stable renters, considered a traditional source of income. Adding to the list, conventional lenders seem to fear the uncertainty of a new IT company dealing with property, the consistency of its users, and the duration of its product. A brave new world where banks have limited data, limited knowledge, and many federal restrictions on property loans and second mortgages. However, don’t let this stop you from earning your cut of a multi-billion-dollar industry. Opportunity is often found upon the frontier of a new industry. Hard money Airbnb Business in Arizona loans have helped many individuals into the industry. Renovate to rent and loans have become a profitable way to pay off mortgages, build equity, establish side income, or fund extended travel vacations.
Getting an Airbnb Business in Arizona Started
To start, do your homework. Study the areas that are best suited for an Airbnb Business in Arizona. Is it an urban or a rural area? Is it an area that is close to a lake, a beach, or a river? Research favorable areas, compare values of the properties, and search Airbnb’s app to find average bookings per property. Once you’ve crunched the numbers, read hours of articles, and hopefully talked to a few individuals in the industry, you probably will need a funding to get your idea up and running.
Get your Airbnb Business in Arizona up and going in no time!
Get a hard money loan. Find the hard money broker or lender that is right for you. During this phase, the desired property will need to be appraised. Afterwards, your lender will evaluate the property to determine equity, loan-to-value, interest, and period. With the terms, the lenders stipulations, and your portion of the equity in cash down, funding can be established quickly and efficiently. Start today. Level 4 Funding is here help you build your business.

No Cash Down: Buy Property Using 100% LTV Arizona Hard Money Lenders

100% LTV Arizona Hard Money Lenders are here to help you get funded without putting any cash down!
“No money, no honey.” If you’ve dealt with financing in the past, you know the drill. Cash down is needed to settle the LTV and secure a loan. But what if there were an alternative to this plot? What if you could get approved with no cash down? Yes, that means securing a 100% LTV loan.
Well, you can. Right now, 100% LTV Arizona Hard Money Lenders are willing fund individuals who own property free and clear or have homes with positive equity worth much more than the amount still owed. For example, say you own a house that is worth $160,0000 free and clear, and you want to purchase a house that is worth $200,0000 dollars without putting cash down. 100% LTV Arizona Hard Money Lenders are able to lend you $200,000 to purchase the house and count the $160,000-dollar house as the collateral securing the loan amount. These types of loans are nice because they allow you to use the value of a property you have acquired in order to fund more property.
But what if you don’t own a property free and clear, what if in the past you bought property that was worth $100,000 dollars? Currently, you owe $50,000 on the original amount, and the property has doubled in value to an amount of $200,000. In this case of favorable, positive equity, 100% LTV Arizona Hard Money Lenders are able to use the current value of the property to calculate and disburse funding.
Benefits offered by 100% LTV Money Lenders in Arizona
Though many individuals lack the types of property that make 100% LTV loans possible, there are still benefits to those who qualify for these kinds of loans. Mainly, 100% LTV Arizona Hard Money Lenders allow you to maintain that sweet cash flow. Don’t tie up your personal or your company’s cash when you can already use the real estate you have acquired. If you feel like it is the right decision, use your property to invest in new property.
100% LTV Arizona Hard Money Lenders allow you to use your property to invest in new property.
Talk to your 100% LTV Hard Money Lender today to determine whether or not your property qualifies for the lending program. If it does, take into account the term of the loan, the interest rate, and the lenders stipulations, and make a decision that suits you.

Beretta Only

Sunday, December 2, 2018

The Best Place to get loans for Airbnb businesses in Arizona?

Short-term vacation rentals are now a viable source of income thanks to platforms like Airbnb. You may want to take advantage of this opportunity, but what's the best source of loans for AirBnB businesses?

Getting an Arizona Airbnb loans can be difficult, bank regulations and FHA guidelines hamstring conventional lenders

Private money can be the help you need to get an Arizona Airbnb loan.

Friday, November 30, 2018

No Money Down Arizona Fix and Flip Loans: Advice for New Investors

If you are new to be flipping business, you may have heard the prospect of no money down Arizona Fix and Flip Loans. You may be thinking "hmmm, I can get into the flipping business without spending any of my own money, well sign me up!"

Few new house flippers can qualify for no-money-down Arizona Fix and Flip Loans from private investors.

Hard money can be a route for new investors to get no money down Arizona Fix and Flip Loans but carefully consider the risks.

Monday, November 26, 2018

Hard Money Arizona business loans: A Tale of Two Businesses

When it comes to Arizona hard money loans you take out for your business, consider carefully, whatever your pledging.

When it comes to hard money Arizona business loans, real hard money providers don’t use your income to secure their loans.

Risk less by seeking out real Arizona Hard Money Lenders.

Sunday, November 25, 2018

The Facts About Arizona Rental Property Loans

Get more returns with Arizona Rental Property Loans.

Arizona Rental Property Loans Create Long-Term Security

Build equity with Arizona Rental Property Loans.

Earn More Money: Start an Airbnb Business in Arizona

How an Airbnb Business in Arizona may let you tap into rental income.

Getting an Airbnb Business in Arizona Started

Get your Airbnb Business in Arizona up and going in no time!

No Cash Down: Buy Property Using 100% LTV Arizona Hard Money Lenders

100% LTV Arizona Hard Money Lenders are here to help you get funded without putting any cash down!

Benefits offered by 100% LTV Money Lenders in Arizona

100% LTV Arizona Hard Money Lenders allow you to use your property to invest in new property.

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