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Thursday, July 21, 2016

Commercial Hard Money Lenders: What You Need To Ask

You’ve done the unthinkable and narrowed down your potential options for commercial hard money lenders. But, do you know just what to ask your future lender to make sure they are the right lender for you?

This may not be your first time looking for commercial hard money lenders and it may not even be your first time using these particular kinds of lenders. But, that doesn’t mean you can’t hone your hard money skills. In other words, you could very well be missing out on great commercial financing simply because you haven’t asked the right questions or even asked the top questions. With that being said, let’s go over what to say to these commercial hard money lenders once you get your foot in the door.

Of course, you always what to figure out what the process is for hard money loans and what your potential interest rate will be as well as what loan-to-value your potential lenders are looking for. But, these three specific things you really need to know before even meeting face-to-face with your potentials. Nevertheless, if these things are not on your list of questions they should definitely be in the top 5.

Other useful things to inquire about when dealing with hard money lenders include finding out what the actual term or timeframe for the loans, the costs for additional loan related matters (title policy, appraisal, insurance and so on), if a draw request is applicable i.e. can you receive money pay for repairs, if putting any money down is require, how much of impact your credit have and if you have the option to deferred interest after the term of the loan. Ultimately, these particular questions allow you and your lender to be on the same page regarding your commercial loan.

How to Evaluate Your Hard Money Lender?

Once you’ve gotten to the bottom of all the terms and requirements of your loan, it is important to evaluate your actual lender. Yes, some of the above-mentioned questions will give you a good sense of who you are about to do business with. But, you should also make sure that your lender is the right lender. This means finding out about your potential lender’s funds availability, getting good references from other borrowers as well as confirming that your lender is licensed, bonded and insured. These few steps will make sure that your lender is not only the right lender for you but also the best lender for your investment.

Commercial Hard Money Lenders who are there when you need them

Lastly, consistency matters i.e. you want a hard money lender that you can truly count on. Consequently, your potential hard money lender, in no shape or form, should be afraid to answer your questions or be unclear on any of the details regarding your loan. Remember, at the end of the day, you need a lender that will be there when you need them and not just financially. So, take your time in reviewing their responses. Moreover, take note your potential lender’s overall openness and/or willingness to help you succeed with your future investment.

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

Wednesday, July 20, 2016

Get big money through Hard Money Lenders in California.

If you are one of the thousands of Americans who are struggling to make payments for your mortgage, don’t stress too much. It’s not your fault, tragedies occur unexpectedly and often times at the wrong time. However, there is good news for you. You can attain a loan of money to help you get back on your feet through Hard Money Lenders in California. There are many Lenders in California that are waiting to hear from you! They understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

Allow me to give you a brief definition of what Hard Money or “private money” is. This type of loan is derived from private sources such as investor's personal funds, pension plans, and other non-traditional sources. The best thing about Hard Money Lenders in California is that they don’t base your qualifications of getting a loan by your credit score/history, but by the value of your equity.

Take advantage of Hard Money Lenders in California and apply today for a loan.

Trust me, if you are going through financial difficulties, there is light at the end of the tunnel. You must never give up and Hard Money Lenders in California won’t let you give up. The process of being approved for a loan is rather simple. Just make sure to have your financial records handy. All you have to do is the following:

1- Call a Hard Money lender in your local area and explain to them your intentions.

2- Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3- Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4- After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard Money Lenders in California are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

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

Is California Hard Money Really “Hard”?

If you’re new to the money lending world, the term “Hard Money” might sound a bit intimidating. I can be the first to tell you that it’s really not. There is soft money and Hard Money in the world of loans, but without going into extensive detail, let’s just say the two are different. California Hard Money is based upon hard assets. In all aspects, Hard Money is essentially the easiest to get approved for.

California Hard Money Loans are equity-based—so it’s about the assets, not your credit, income, or financial history. However, some Hard Money Lenders will want more information about you; but, for the most part, they are more interested in the property you are looking to buy.

A Few Types of California Hard Money

There are a few different types of California Hard Money Loans. First, there are commercial Hard Money Loans. This is for commercial properties, not personal properties.

Then, there are business Hard Money Loans. This is where the loan is based upon the hard assets of a business such as accounts receivables or cash flows.

The other (and perhaps most common) is residential Hard Money Loans. These Hard Money Loans are usually for individuals or families looking to fix up a property or purchase their dream home.

Keep in mind that an California Hard Money Loan is not a signature loan. (A loan without any assets whatsoever, but based on credit score, work history, income, etc.). If you’re looking for a signature loan, talk to your bank about that. The whole purpose of a Hard Money Loan is asking for a loan based on the property you are looking to invest in.

That’s something that you should ask your bank to do and your bank is going to look at your credit, job history and all kinds of stuff and they are going to determine based upon you, not based upon your collateral because you don’t have any.

Talk to your nearest California Hard Money representative to see if you qualify for this type of real estate loan 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: 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

GET HELP

Sellers may also offer to help out by agreeing to accept part of the purchase price in the form of a note (I.O.U.) that you can pay off in the future. Certain loan programs allow sellers to contribute toward the closing costs to help minimize your out-of-pocket expenses. You also may be able to borrow against equity in your primary residence to come up with your down payment.

Still another possibility is to secure your down payment with funds you already have in a brokerage account, according to investor and loan expert Deborah A. Ten Brink, president of LLC Loan Network. She describes it this way: Sam wants to purchase an investment property for $100,000.00. Sam has a brokerage account with $50,000.00 in it. He must pledge 143% of the $25,000 down payment required by the lender or $35,750 (143% times $25,000.00 = $35,750.00). The funds are retained in his brokerage account, still accruing interest, but the lender puts a lien on the account to protect its interest, then loans him the full $100,000.00 to buy the property. When the investment property achieves 25% equity (proven by an appraisal), the lien on the account is released and the pledged amount plus accrued interest is once again completely under the borrower’s control.
Even if you have cash for a down payment, you may not want to tie it up in your new property. So, for example, Sam can open a certificate of deposit (CD) with the lender using his down payment funds of $25,000.00, and still borrow 100% of the purchase amount of $100,000.00. When the investment property achieves 25% equity (proven by an appraisal), the lien on the CD is released and the CD, plus accrued interest, is returned to Sam.
In both cases, 100% financing is achieved! These options are also available to investors who want to close and hold title in a business entity, such as a limited liability company, limited partnership, or corporation, California Hard Money Lenders. Either way, California Hard Money Lenders will find a way to get you the money you need to invest.

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

Your First Buy

When it comes to buying a real estate investment property, the first deal is the hardest. Many talk about buying a rental property for several years until they finally take the initiative, by finding a property, and buying it. Many times the houses appreciate substantially…leaving people to wish they had bought ten more! However, financing your first investment property can be daunting, especially in California. This is where the California Hard Money lenders of level 4 funding come in. They can help you with all of your loan needs. So if concerns about financing your first property are stopping you from getting started, here are some other tips to ease your mind. Check your credit early for mistakes and items you may need to address, but don’t let less-than-perfect credit stop you from trying to get pre-approved for a loan from California Hard Money lenders. You may be surprised by what Hard Money Lenders of California will approve these days. Once you review your credit report, do not take any drastic action without first consulting with an expert. In particular, don’t close old accounts or pay off collection accounts right before trying to get a loan. Either action may hurt your credit score rather than help it. Also, don’t procrastinate any longer: lenders are being scrutinized for making risky loans, and standards are likely to get tougher in the near future. If you are not eligible for a loan based on your credit or other qualifications, look for an investor partner to go in on the property with you. There are many others out there wishing they owned more real estate who lack the time and/or expertise to find and buy property. Although hard money lender’s interest rates are high, it can be worth it if you can refinance or sell the property in a relatively short period of time.

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 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.

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

Beretta Only

Thursday, July 21, 2016

Commercial Hard Money Lenders: What You Need To Ask

Wednesday, July 20, 2016

Get big money through Hard Money Lenders in California.

Take advantage of Hard Money Lenders in California and apply today for a loan.

Is California Hard Money Really “Hard”?

A Few Types of California Hard Money

GET HELP

Your First Buy

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

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