Looking for a piece of property for the intent of building your own home is one of the most exciting moments for you and your family. Hard Money California is a way you can find the means of obtaining that dream. I just want to provide you a few pointers to help you along the way. There are a lot of Hard Money Lenders in California, and you need to find the one that is best for you. Get to know them the best you can so you can build an advantage over them.
If you have already found a piece of property you would like to build your dream on, then remember that each Hard Money lender will have one of their specialists evaluate that property space with their own methods to determine the value. However, make sure to do your homework and you come prepared with a proof of funds list (if you have one), financial documents, and spreadsheets which provide details on the property. The more you have, the more likely you will receive the money you need. Hard Money California Lenders are professionals who know the real estate business really well.
Figure out what the loan will cost you with a lender for Hard Money California.
As I had mentioned before, doing your homework is very important. Hard Money California presents enough challenges of its own, but if you know what you are doing you will find yourself on top. Do all that you can to figure out what the loan will cost you and what profit you will make. In your spreadsheet, keep in mind to include all of the following costs: Purchase price, Rehab costs, monthly debt payments, points, title fees, realtor fees, attorney fees, recording fees, property taxes, and insurance fees. These should be all costs that relate with your deal.
Hard Money California has its advantages. As long as you are smart with your choices and decisions, you will be happy with the end result.
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
www.Level4Funding.com
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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