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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.

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.

Sunday, November 25, 2018

The Real Deal: Arizona Private Money Lenders Connect with Clients in an Era of Red Tape

Understanding Arizona Private Money Lenders and their relationship with both lenders and investors
Arizona Private Money Lenders are individuals or investment groups that are not backed by an official financial organization. They are not banks and they usually do not advertise to the public. Instead, on a word-of-mouth basis, Arizona Private Money Lenders lend money to individuals with whom they have a direct or indirect relationship. While some individuals believe that there is inherent risk in receiving loans from a private lender because they are not backed by an institution, others seem to find comfort in a person-to-person relation with a lender with whom they can talk and reason with individually.
Arizona Private Money Lenders are investors of their own money and that of other investors. They pool a significant amount of money, find suitable investments and secure returns in the form of interest, equity, and property. Their goal is to eke out a growing profit stable enough to support them and their investors.
To do business, Arizona Private Money Lenders require a dead of trust and notes to secure loans. The deed to a property is held by a private money lender until the note or loan is payed off by the borrower. Should the borrower fail to pay of the remainder of the note and foreclosure is unavoidable, the deed of trust permits the lender to take back the property and liquidate it.
Advantages of Arizona Private Money Lenders
Arizona Private Money Lenders charge higher interest rates and lend for shorter terms than banks. While this may seem likely to drive away clients, Arizona Private Money Lenders have formed a niche market for those who have credit issues, foreclosures, bankruptcies, or sold and bought real estate. Situated outside of the federal regulations of financial institutions, Arizona Private Money Lenders have more flexibility and patience with lenders. Many times, Arizona Private Money Lenders are able to prolong foreclosure and work through temporary issues with clients to secure money, excising a healthy balance between grace and justice where banks would prefer to cut out the pound of flesh.
Arizona Private Money Lenders provide a personable and understanding relationship with their clients.
If you, like many, have a need for a private loan, research the Arizona Private Money Lenders in your local community. Or find mortgage brokers or individuals who have dealt with or have received loans from these types of lending sources. Locate the lending source that suits you.

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.

Thursday, November 8, 2018

WHERE TO FIND FINANCING FOR AN ARIZONA SPEC HOME

Have you been turned down by banks because you don’t have perfect credit? Do you have collateral? Do you need a loan to invest in property?
Many people are not familiar with the term, “spec loan.” A Spec loan is a term used for a loan on a speculative property; meaning it the end game is unpredictable. A speculative property is one that the developer has not sold. And, because the sale has not been finalized, the loan itself is only speculative. Financing a spec home is a process, and it’s a little different than a conventional home loan.
Traditional banks are not quick to approve financing for an Arizona spec home. It is a risk for a lender because it is essentially a loan for a construction project without a committed buyer; and that flags risk to the banks. You’ll work with a mortgage lender when building an Arizona spec home. However, the builder will need the financing from mortgage lenders to purchase the needed materials and pay the construction crews. To prove to the lenders that your income is sufficient to pay back the construction loan. The borrower is expected to have enough funds to pay for the monthly payments on the loan, holding costs, insurance and taxes.
You will also need to write a marketing plan because this loan is to build something that will make a profit in the future. The point of this plan will describe how high you will price your completed home. Remember, a Arizona spec home is a home that hasn’t been built yet.This marketing plan will show who your target buyers will be and how you will inform potential buyers of this home being on the market. One idea would be to hire a realtor to promote your investment.
Where to find financing for an Arizona spec home?
Traditional lenders usually are not willing to provide a borrower with a loan on an Arizona spec home hard money loan due to unreliable lending practices from the past. Arizona hard money lenders are much more eager to lend on an Arizona spec home than a bank. Arizona hard money lenders can adjust the market conditions and advance their products to match trends in the market. Arizona hard money lenders offer loans that are shorter than bank loans. For example, a loan may be six-months, have 4 points and a 13% interest rate. This is quite different than a traditional bank loan.
Arizona hard money lenders can create a unique loan structure. If you’ve been turned down by a traditional lender because of credit a Arizona hard money lender should be your next step.
Arizona hard money lenders can provide funds for builder’s projects that would be next to impossible to acquire from a bank. In most cases applying for a hard money loan is a simple process. Usually, a borrower only needs to fill out a loan application, have a short conversation with a lender and receive a conditional approval right away. If you have a project and traditional banks are turning you down; Arizona hard money loans may be beneficial to you.

HELPING YOU UNDERSTAND ARIZONA HARD MONEY LENDING

What exactly is an Arizona hard money lender? How are they different from a traditional bank loan? How can they help you?
You have heard the term, “Arizona hard money lender.” But, do you actually know what one is? Arizona hard money loans are asset-based loans. With this type of loan a borrower must have property that will secure the loan. A traditional bank loan can be a grueling, time consuming project; and you may have to wait a long period of time for approval. Also, with traditional bank loans, your credit is of utmost importance. There is no elaborate underwriting when it comes to these loans so developers find them useful for time-sensitive projects.
Arizona hard money loans are primarily used for short duration projects. These types of loans are typically used for purchasing real estate, improvements, renovations and construction. There are a variety of other reasons for these loans. Most reasons involve some type of improvement that will add value to a property.
Hard Money Lenders Approach
Arizona hard money lenders are more concerned with collateral; unlike traditional banks who routinely dig deep into a borrowers credit. The value of your collateral gives the lender security; it is more important than your financial situation. If you are unable to repay the lender they can take your collateral, sell it and get their money back. Lenders will lend the borrower as much as their property is worth based on the loan-to-value (LTV). The lender determines this by the ratio of the loan amount divided by the value of the property. These lenders are able to make much quicker decisions because they don’t have to investigate your entire financial life. The loan will be a much shorter duration than a traditional loan, usually lasting between 6 months and three years. Arizona hard money loans typically charge a higher interest rate than a traditional loan, ranging from 10% to 18%. Arizona hard money lenders are able to help many borrowers who don’t have perfect credit; they can also help borrowers who are having financial issues such as bankruptcy. As long as you have collateral that can be used as security, these lenders can work with you. Also, due to the absence of a complex underwriting, lenders can work with a borrower on repayment schedules. The flexibility of these asset-based loans can save many hungry borrowers.
Things to consider when deciding if a traditional bank loan or finding an Arizona hard money lender will work best for you.
Working with Arizona hard money lenders will benefit borrowers that are working on a short duration project, may not have perfect credit (or have some marks on their credit) or need quick financing and own assets that will cover their obligation in case they are unable to repay on time. These lenders can be found in organizations that specifically offer these loans. If a non-conforming loan will not work for your situation you may find the funding, you require through a Arizona hard money lender.

Tuesday, November 6, 2018

HOW TO UNDERSTAND ARIZONA CONSTRUCTION LOANS

Benefits of Arizona construction loans and how to understand them.
Home development is a pretty complex process. Taking out a loan can be a very complicated part of the process. What exactly is a construction loan? In essence a construction loan is short-term, interim loan for the construction of a house. The terms of a construction loan are usually a maximum repayment period of one year; and the rates on these loans are higher than traditional mortgage loans. They also have variable rates. A variable rate means the monthly payment will slide up and down with the prime lending rate.
There are two types of Arizona construction loans. The first is a construction-only loan. In this scenario the borrower takes out two separate loans. The first is exclusively for the construction of the loan. After you move into the completed home, you will take out a mortgage loan. A construction-only loan will not require a large down payment. If the borrower has limited cash flow, but knows their financial situation will improve after the sale of the home, this is a good choice.
The second type of construction loan is a construction-to-permanent loan. With this type of construction loan you borrow the funds for the construction of the home. Then, once the construction is complete, that loan is turned into a traditional permanent mortgage. When the borrower is approved they will follow a schedule of the construction of the home. During the construction of the home the borrower will typically make interest-only payments.
How to qualify for a Arizona construction loan
Gaining approval for a construction loan can be more difficult that qualifying for a traditional mortgage. When you have a traditional montage your home acts as an asset. In case of default, the bank can take your home for collateral. With a construction loan, the bank has nothing to seize because nothing has been built. So, what will you need to qualify for this type of loan? You will need to be prepared for a down payment up to 20%, a history of stable employment (income), have a low debt-to-income ration and impeccable credit. You will also need to gather pertinent information concerning your building plan. (This will be everything from the house size to what contractors will be employed to build the home). Lenders will want to know everything about the home there is to know. Very often, the lender will send an employee to check on the construction’s progress.
Are you eager to build a new home?
Be aware that Arizona construction loans can be more convoluted than traditional mortgages. It is necessary to look at many lenders to find out their expectations of the borrower; learn their rates and terms. There will be many lenders that do not want to work with this type of loan. Typically, credit unions and smaller banks will be more wiling to work with you. Be sure that before you shop around for a contractor you are pre-approved for a loan. Once you work with a contractor you will pay for blueprints and the design of the home. Wait until you know where your funds are coming from before diving into this project.

Beretta Only

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.

Sunday, November 25, 2018

The Real Deal: Arizona Private Money Lenders Connect with Clients in an Era of Red Tape

Understanding Arizona Private Money Lenders and their relationship with both lenders and investors

Advantages of Arizona Private Money Lenders

Arizona Private Money Lenders provide a personable and understanding relationship with their clients.

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.

Thursday, November 8, 2018

WHERE TO FIND FINANCING FOR AN ARIZONA SPEC HOME

Have you been turned down by banks because you don’t have perfect credit? Do you have collateral? Do you need a loan to invest in property?

Where to find financing for an Arizona spec home?

HELPING YOU UNDERSTAND ARIZONA HARD MONEY LENDING

What exactly is an Arizona hard money lender? How are they different from a traditional bank loan? How can they help you?

Hard Money Lenders Approach

Tuesday, November 6, 2018

HOW TO UNDERSTAND ARIZONA CONSTRUCTION LOANS

Benefits of Arizona construction loans and how to understand them.

How to qualify for a Arizona construction loan

Are you eager to build a new home?

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