Showing posts with label airbnb business in arizona. Show all posts
Showing posts with label airbnb business in arizona. Show all posts

Sunday, December 2, 2018

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

p1_img2 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Sunday, November 25, 2018

Earn More Money: Start an Airbnb Business in Arizona


825082878How 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. 

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions