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Tuesday, July 19, 2016

Know Before you Borrow California Hard Money

It can be tempting to jump right into an California Hard Money Loan if you’re in a desperate situation to get some money for your home. However, as with any other investment dealing with a large amount of money, there are a few things you need to know before pursuing the loan. California Hard Money Loans are indeed a great way to get quick money for a short term, and they can even be quite profitable for those borrowing the money. Usually, Hard Money Loans are for residential or commercial properties, but can also be used for fix and flip projects and other real estate investments. Here are a few things to keep in mind before you pursue Hard Money:

Five Things to Think about with California Hard Money

1. Be ready to negotiate. Understand every dollar, every penny, of the loan before you sign the agreement. There is a reason Hard Money Lenders don’t post flat interest rates on their site—these loans are negotiable and no two loans are alike! Negotiate in a reasonable manner so that you can get the best deal for you and they can get the best deal for them.

2. Before you borrow, shop around. You definitely need to do your research before borrowing California Hard Money, and I wouldn’t suggest just going forward with the first lending institution you run on to. Explain your financial situation to a few Lenders and see what they are willing to do for you. Find a lender with a good reputation!

3. Consult with professionals. While you can often feel at ease in the hands of an California Hard Money lender alone, I would suggest consulting with more experts than that. Remember, Lenders are in this business to make a profit, so seek out someone who is objective and eager to help you plead your case. An attorney or real estate agent can help you find lower interest rates.

4. Only borrow what you need! It can be tempting to ask for more than what you need to help you with some of your other bills, but don’t do it. You will always regret it in the long fun. More money results in more spending and more debt. Calculate the numbers, know what you need, and stick with it.

5. Be honest with the loan officer. But, also remember that they are making a profit from you, so protect yourself. However, if you lie your way into a loan, you could find yourself in a whole world of hurt. Most California Hard Money Lenders are willing to work with you, so share your financial information with them and try to get the lowest rates.

Hard Money is a great way to get money for property and real estate quickly, easily, and efficiently.

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.

Technorati Tags: califronia hard money loans,california hard money

Getting reasonable rates from Hard Money Lenders in California

If you know anything at all about Hard Money Loans, you know that their interest rates are high. This may have turned you off to them in the past, but don’t let it deter you from pursuing one if the time is right for you. However, you need to keep in mind that getting a loan from Hard Money Lenders in California is entirely different than getting a loan from a conventional lending institution. You simply will not see those low interest rates you are hoping for, and we are going to do a bit more exploring as to why.

Hard Money Lenders in California do want to lend to you, but you have to keep in mind that they are taking a significant risk in doing so because they do not base their decision on your credit or ability to pay. You can have embarrassingly terrible credit and still end up with a Hard Money Loan. However, you will never get a Hard Money Loan with a 3% interest rate. That is said without hesitation. Hard Money Loans are mainly short term and contain higher interest rates. The typical loan is anywhere from three to nine months—never the 30 year traditional mortgage.

Don’t Get Discouraged by Hard Money Lenders in California

The entire loan process can be an exhausting and frustrating one. However, if you see it through until the end, the results are usually very rewarding. Don’t let the higher interest rates deter you from pursuing a loan, but do keep in mind that you don’t pay all that much in interest because the length of the loan is so incredibly short. While I am not suggesting that a Hard Money Loan is any better or worse than a traditional loan, you will not be spending tens of thousands of dollars on interest with Hard Money. Comparing the two types of loans is like comparing apples and oranges—just plain different.

For the most part, Hard Money Lenders in California will likely not be offering you single digit interest rates. That can be a harsh reality to face, but it’s good to know. Hard Money Lenders in California tend to lower the interest rates for experienced investors, so if you’re new to the game, you may just want to hang in there for a while and feel it out.

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

Are Hard Money Lenders in California Turning You Down?

If you have done your research and have decided to pursue a Hard Money Loan, getting approved should be no problem. However, sometimes it is; and that can be truly disheartening. But, don’t give up! There are ways for you to adjust your approach and get the money you need.

First, you need to keep your deals at our below 65% LTV. That means that you are not asking for an amount that is more than 65% of the property’s value. But, that’s not all there is to it. So much more goes into Hard Money Lenders in California decision than you even know.

Often, it is not just the dollar amount that matters. While it is important to keep that LTV at a reasonable amount, keep in mind that many lending institutions send out evaluators and appraisers to inspect properties on their own terms. It’s not that they don’t trust you or your appraiser’s judgment, they often just need to see it for themselves before making their decisions.

Reasons Hard Money Lenders in California Might be Rejecting You+

Like I mentioned before, it’s a tough situation to be in when you feel that your Hard Money lender is being harsh on you and unforgiving to your circumstances. However, they are trying their best to work with you, but are taking such a significant risk in loaning to you, that they have to protect their assets as well.

One thing Hard Money Lenders in California tend to shy away from is sketchy neighborhoods. This is true for fix and flip loans and investment loans. Several factors are taken into account when assessing a neighborhood: crime rates, cleanliness, the real estate market in that area, percentage of ownership vs. rental, etc. Don’t plan on getting a large loan to fix up a mansion in the ghetto. It just won’t work.

Hard Money Lenders in California want to see a return on their investment. That’s why they’re in the business in the first place; makes sense, doesn’t it? The funds available for these loans come from private investors looking to make a profit on the money they aren’t needing at the time. They need to know you can pay; if you can’t, you may not get approved.

Hard Money Lenders in California are there to help you out, so understand their risk, do your research, and keep pursuing your loan until it works out.

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 18, 2016

Common Mistakes for dealing with Hard Money California

If you’re looking to be savvy and make a profit with Hard Money California, look no further. We can supply you with all the information you need and before you know it, you can be making money along with thousands of other Americans working in the real estate market. You can use Hard Money California to invest in real estate, but there are risks and pitfall you need to be wary of. Here are three things to not do when working with Hard Money fix and flip projects in your area.

Three Mistakes to Avoid Making with Hard Money California

Taking too long: After you get the Hard Money California loan, it can be tempting to make your plan and sit on it for a while. However, this is a common mistake and could end up hurting you severely in the long run. Have a plan in place before ever even applying for the Hard Money Loan, and plan on starting your repairs the day you get the money. Your fix and flip repairs should take about two weeks, but definitely no longer than a month. The only way to make a profit is to get things done, so you need to do just that. Get in, get out, get on your way.

Misestimating the time on the market: This can be a tough call to make. Definitely be consulting with local experts such as real estate agents or appraisers that work primary in the area or location you are working out. Get a feel from them about how long you can expect for the average time on the market for a property that is priced properly. If you only have a three month loan and the average time on the market is six months, you could be in quite a situation trying to pay that loan back before your fix and flip project has actually sold.

Overpricing: It’s understandable that you want to get more for your money. The entire reason you invested in the Hard Money California process is to make a profit that makes your home worthwhile. However, some contractors overestimate the value of their time and that can be a harsh reality to face. Don’t set the price of the property higher than other homes that compare to it or you are simply wasting your time. You don’t want to be sitting on a huge loan to pay back and a property you are trying to sell without any resources to take care of either. Keep your prices reasonable and allow the process to work its magic.

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

Need Help? Hard Money California!

It doesn’t matter if you are in a tough financial situation or if you are looking to build or buy your dream home or business, Hard Money California can help!

Very few things are more worrisome than trouble in your financial world. Your financial past shouldn’t determine your financial future! That’s where Hard Money California comes in so darned handy.

While the interest rates may seem a little steep, you have to remember a few things about Hard Money California. First, keep in mind that Hard Money Lenders take a large risk in loaning their money to you. Not only do they loan the money to a complete stranger, they do not base the loan on your credit, income, employment history, or ability to pay. Can you imagine handing your money over to a complete stranger, never knowing if you are going to see it again?

Hard Money California Tried and True

Hard Money California is a tried and true method of receiving money fast. They are on you, the borrower’s, side and they want your property purchase to be successful. So many California citizens are looking to Hard Money Loans to make their lives easier. These money Lenders want to help you out and will be willing to do so if they can see that your investment or project would be profitable in some home.

Even if you have a bad credit score, that won’t stop you from qualifying for this type of loan. In fact, as long as you make your payments on time, it can actually improve your credit in the long run. Simply said, Hard Money Loans can be easily attainable and you can avoid a lot of the trouble and hassle of a bank loan’s paperwork.

Applying for Hard Money California is super easy. You just find a lending institution you feel good about and get on your path to success. You only have to deal with one specialist and you can often have your answer of eligibility within thirty minutes. Then, you can receive your money within 24 hours. This is great for houses and residential buildings that have a lot of bids on them because you can quickly and easily put in your offer and know you won’t be topped.

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

California Hard Money: A (nearly) Guaranteed Way to Get a Loan Fast

How many times have you applied for a loan and got rejected because of poor credit, low income, or a bad financial past? Isn’t it time you left all that behind you and moved on with your life? If you can forget the past, Lenders need to, too. Unfortunately, they don’t. Your financial history can haunt you like a ghost and leave you feeling frustrated and hopeless.

However, with California Hard Money Loans, that doesn’t have to be the case. These loans are different than what you are probably used to and are so easy to apply for. After you have been approved for an California Hard Money Loan, you can have your money in as little as one day. And the best part? You don’t have to wait days to see if you qualify. In fact, some Hard Money Lenders in our state will inform you of your eligibility within thirty minutes.

How to Apply for California Hard Money

Applying for California Hard Money is easy! You simply find a suitable lending institution, talk with a specialist, and you are well on your way to having your loan money in your pockets.

Remember, these loans are equity-based, so that means your income and credit score doesn’t matter quite as much as the property you are buying. The amount of the loan you will receive will depend pretty much on the value of the property or home you are planning to invest in. Which is nice for you, because the more expensive the home, the higher loan you are likely to get. You can even get a loan of up to 80% of your home’s value; although, loans right around 60% are more common.

Your lender will let you know if you qualify for California Hard Money within about thirty minutes of applying, and then you can have your money that same day. Basically, you need to show the lender that you can complete the project and pay back the loan, but you don’t need to provide much by way of documentation. Bring your information with you to the lending institution though because it’s always good to have on hand.

Get in and out and be on your way with California Hard Money today!

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

How To Write Your Business Plan to Impress A Commercial Hard Money Lender

You want to do business? You’ve got to have a plan. There are numerous reasons why you need one and impressing a Commercial Hard Money Lender is one of them. If your business idea is good, get it down on paper! Don’t let lack of a good business plan ruin your eligibility of getting a loan.

First of all, congratulations on your entrepreneurial endeavor! If you’re reading this blog article, you’ve probably got a great business idea, or one “in the works,” and it has occurred to you that you might need a loan, might need to fill out a loan application very soon, and may very well be doing so with a Commercial Hard Money Lenders. Nothing reeks of professionalism, being prepared, genuineness, and strategic-thinking, than having prepared a business plan–a good business plan. Well–what is a good business plan, why do you need one, and how will your investors evaluate it?

You’ve got to get it down on paper. No one wants to talk about ideas with you that are floating around in your head without thoughtful and strategic back-up planning–not potential partners, lenders, vendors, real estate agents–the list goes on and on. A good business plan shows that you are serious, that you know what you are doing, and if you don’t know everything, it shows that you are more than capable of figuring it out. It brands you, explains your products and services, forces you to plan your goals and strategies, spells out agreements, sets values to the business, and is generally a wanted request of a Commercial Hard Money Lender when it gets down to completing a loan application.

If you have no idea as to how to write business plan–how about researching online? There are countless articles and how-to’s about getting started, what you need to know, and why it is important to have a written plan when it comes to requesting a loan or raising funds for your business idea. Most business plans do include the following that Commercial Hard Money Lenders are looking for–a strong executive summary, business and product/service definitions, targeted demographics, marketing/sales plan (online and offline), financials, partners and managers, an overview of yourself and the company, and more–not in that particular order.

Will Your Commercial Hard Money Lender Be Eager To Work With Your Business Plan?

There are many things that a Commercial Hard Money Lender considers when contemplating offering a loan. Your business plan is just one of them. While a Commercial Hard Money Lender is not there to scrutinize every detail of your plan, he/she will, 1) want to see that you indeed have one, 2) see that you have attempted addressing every area of a plan, most pointedly–marketing and financials, and, 3) realize that you are professional, organized, serious, and determined.

A Commercial Hard Money Lender Wants A Win-Win Solution. If Your Problem Is

Getting A Commercial Loan, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

Commercial Hard Money Lenders are wonderful options when and if you may be turned down for a loan from a bank, and/or if you are in a rush in order to compete with other bidders. However, no matter what the circumstance, a business plan is always needed. If you expect investors–private investors–to loan you possibly hundreds of thousands of dollars, they’re going to want to see something in writing. Take it a step further even and create the real differences–not only provide a business plan, provide a good one!

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

Beretta Only

Tuesday, July 19, 2016

Know Before you Borrow California Hard Money

Five Things to Think about with California Hard Money

Getting reasonable rates from Hard Money Lenders in California

Don’t Get Discouraged by Hard Money Lenders in California

Are Hard Money Lenders in California Turning You Down?

Reasons Hard Money Lenders in California Might be Rejecting You+

Monday, July 18, 2016

Common Mistakes for dealing with Hard Money California

Three Mistakes to Avoid Making with Hard Money California

Need Help? Hard Money California!

Hard Money California Tried and True

California Hard Money: A (nearly) Guaranteed Way to Get a Loan Fast

How to Apply for California Hard Money

How To Write Your Business Plan to Impress A Commercial Hard Money Lender

Will Your Commercial Hard Money Lender Be Eager To Work With Your Business Plan?

A Commercial Hard Money Lender Wants A Win-Win Solution. If Your Problem Is

Getting A Commercial Loan, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

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