Beretta Only

Wednesday, October 10, 2018

Investors; Why Real Estate Lines Of Credit ?

“Scoring” a Real Estate Lines Of Credit can be a great way to use your current equity in your properties to build your investor portfolio. Find out how easy it can be to draw capital on what you already own.
Are you an pansy Real Estate Investor? Do you find that there are more deals slipping through your fingers than you can fund at any given time? Do you feel like you are on the verge of becoming one of the “bigger fish” but are just falling short due to lack of available cash? Obtaining a single or multiple Real Estate Lines Of Credit is one of the best ways to use your current equity to help fund new and exciting real estate ventures.
But how does one secure Real Estate Lines Of Credit? Well it is easier than you may think. Sometimes called “Acquisition Credit Lines”, Real Estate Lines Of Credit can be obtained at most financial institutions. Though all financial Institutions are different and have different rules and processes, a line of credit to and investor with current real estate equity can happen as quickly as 30 days. Once you are approved, your accounts are funded very quickly in most cases.
How does it work? Well once you have secured your Real Estate Lines Of Credit, it could be used much like a credit card. No need to wait around for funding and underwriters to close that deal. You can get your deals done fast, beating others to the punch, who have, in the past, perhaps got there before you. The playing field is evened because you now have the cash on hand.
Other benefits of having real estate credit lines include small or no upfront fees, no appraisals, no secondary collateral, and absolutely no restrictions on use! Absolutely none! One of the greatest assets of securing Real Estate Lines of Credit is that it gives the investor the ability to do any type of real estate deal! Commercial, house rentals, Multi units, flips; with this kind of credit line, the investor is now on a level playing field as the “Tycoon” and is not limited to one kind of real estate deal.
Having ready “cash On Hand” available for an investment in real estate is a huge asset in an overall investment strategy. It may be just one part of your overall strategy but in most cases, it will be one of the most important ones.
As mentioned earlier, financial institutions differ greatly, so you should consult with multiple lenders to see what they offer. It is also a pretty good idea to consult your attorney and independent financial advisor to assess your personal situation before you dive head first into Real Estate Credit Lines.

So don’t be left behind or limit yourself as an investor. Real Estate Lines Of Credit are both easy and quickly secured. But more importantly, they give the investor the flexibility to make many kinds of deals and the agility to do it quickly.

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.

How to Make the Most Out of Your Arizona Business Loans

Getting approved for a Arizona business loan can be an exciting opportunity for you and your business. Learn how to spend your loan wisely to grow your business and increase your profit.

Great news! You have just been approved for your business loan! If your business has finally been approved for a loan, it’s time to spend your new funds carefully to best help your business grow and increase earnings. When used properly, Arizona Business Loans can be a valuable tool to help expand your business. These helpful tips will help you make the most out of your loan so that your business can thrive.

· Keep your loan separate from the rest of your funds. Keeping Arizona Business Loans separate from the rest of the expenses in your other accounts can help you make sure that you do not overspend your loan or waste your loan on unnecessary purchases. Having to gradually transfer your loan through your accounts will help you keep track of your spending habits over time.

· Make the payments on your loan automatic. Paying off Arizona Business Loans over time can actually be a good way to increase your credit score as long as you are sure to make your payments on time, every time. Setting up automatic payments on your loan can prevent you from making the mistake of forgetting a payment.

· Spend on worthwhile expenses. Don’t waste your loan on costs that won’t broaden the horizons of your business or help grow your company. Instead, spend on worthwhile investments that can lead to exciting opportunities for your business. This could mean spending more money or marketing ventures or increasing the inventory of a product.

Forgetting to pay off your business loan on time or making payments too late can damage your credit score. Keep track of your spending habits and budget accordingly so that you will always be able to pay off your loan. Just because you have the added funds of a business loan does not mean that you should forget about your budget or increase your spending habits dramatically.

Common Business Loan Mistakes to Avoid

When used carefully and smartly, Arizona Business Loans are a smart investment for any business or company. A loan can give business owners much more flexibility within their business to achieve certain goals or bring more assets to their company. For example, strategically spend your loan on items such as marketing to draw more traffic towards your business.

Make sure your business loan expenses are valid. Don’t spend on unnecessary expenses just because you can.

It’s a simple truth that in order to make money, a business has to spend money. A business loan can be an exciting new opportunity for business owners to grow their business and invest in their future. Paying off a business loan over time can even lead to a higher credit score which can broaden a business’s financial future and options. Use a loan the right way to give your business the tools it needs to grow and succeed.

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

Tuesday, October 9, 2018

Arizona Hard Money Lenders: Advice for House Flippers

If you are in the house flipping business, it is in your best interest to steer clear of conventional financing. The poor condition of any property you aim to purchase will likely mean you won't qualify for a traditional loan. Arizona Hard money lenders are perhaps the best financing option for those who are in the flipping business. Learn some things you should look for in your lender and what you can do to maximize the benefits of hard money.
Hard money providers use the value (or potential value) of the property being purchased to underwrite their loans. Therefore, hard money is ideal when it comes to financing flips because this type of lender can look past the current poor condition of your property.
In addition, when it comes to house flipping, hard money offers considerable advantages over other types of financing. In the case of foreclosures (i.e., the properties house flippers most often purchase) banks want buyers who can make full offers right away. Most hard money deals can close in a matter of days. This speed in loan closing makes hard money an ideal way to secure the best investment properties as quickly as possible.
But how do you know which Arizona Hard money lenders are the real deal?
Basically, you want a lender who can understand the potential of your project. Ideally, your lender should have expertise when it comes to renovation projects. If you are in the flipping business, you want a lender who can offer insight into your specific project, who will understand how to value your property after the repairs are carried out and can give you insight into the amount of financing you might need.
You also want to ensure your hard money deal closes as quickly as possible, so you can secure the best investment properties before your competition. So, the ideal lender should be a direct lender, that is someone who has the already funds on hand to fully finance your project.
But when it comes to speed, what are steps you can take to ensure your deal closes as quickly as possible?
What can you do as a borrower to take advantage of the speed offered by Arizona Hard money lenders and increase your eligibility?
In the first place have the numbers and the specific details of your renovation project worked out well in advance before you approach any lender. Know the particular aspects of the property you aim to purchase, the estimated cost of repairs you need to make and have a specific timetable worked out in advance.
Having a sense of the property’s potential gives you a sense of how much it might be worth after repairs, which will give your lender confidence.
Knowing the cost of the repairs you need to make; will also give a sense of how much financing you actually need. Hard money is expensive so have timetable in mind to get perspective on how long you will to carry the loan, as your aim should be to pay the loan off as quickly as possible.
Basically, the better your understanding of your specific project the more confidence your lender will have in you, and the faster your hard money deal can close.

In short, to get a hold of the best houses to flip, hard money is your best option. In the case of hard money, the ideal lender will have insight into your specific project. It is in your best interest to take advantage of the speed offered by this type of financing, so have all the details worked out in advance before approaching any lender.

Evaluating your options when it comes to Arizona Investment Property Financing

If you are just dipping your toes in the water when it comes to investing in real estate, you may be overwhelmed by the multitude of Arizona Investment Property financing options available.
The first option you might consider if you want to invest in real-estate is a conventional investment mortgage. An investment mortgage, is the same thing as a regular mortgage expect that it is used to purchase investment properties.
While an investment mortgage offers the lowest rates, the underwriting process takes a long time. In the worst case scenario, the sale of the property you were considering might go through, as you wait on your conventional lender to review reams of financial documents. So, if a conventional investment mortgage is the only financing option you consider, you could miss out on the best deals.
While conventional financing offers the lowest interest rates, these lenders have exceptionally high standards which many new investors may not be able to meet. The main issue comes down to credit, to get the best conventional investment mortgage possible your credit score should be over 700, the minimum is 620. So if your credit score is lower than 620, there is little to no chance you can qualify for an Arizona investment mortgage.
So if you can't qualify for a conventional Arizona Investment Property financing, can you still finance the purchase of an Arizona Investment Property?
Some investors draw equity from their primary residence to finance the purchase of their first Arizona Investment Property, while others secure loans from crowdfunding websites. Some investors may have friends or family members with deep pockets, who are willing to help and who can finance their first purchase.
Home equity lines of credit, crowdfunding, and personal loans are all options you could consider if you can't qualify for a conventional investment mortgage. However, of course there are drawbacks to consider.
With home equity loans, you put your primary residence at risk if you default. With crowdfunding there are not guarantees your loan will ever be fully funded and borrowing from close friends and family can put a severe strain on your relationships if you run into financial difficulties.
If you can, you should consider hard money which can be an excellent Arizona Investment Property financing option
This type of lender uses the value of the property you aim to purchase as a means to secure the loan. For this reason, hard money providers can look past your financial situation and your personal credit score, making hard money an option if you can't qualify for a conventional investment mortgage.
Unlike home equity loans, with hard money, there is often no need to pledge your primary residence as collateral. Most hard money providers have the funds on hand to fully finance your loan. So with hard money, unlike crowdfunding, there is no need to wait around for your loan to be fully financed. Unlike personal loans, you don’t risk your relationships with hard money.
While hard money is more expensive than other types of financing, it gives you options.
After you purchase your Arizona Investment Property, you can always refinance to a less expensive conventional loan after your financial situation improves.

So if your just getting started in real-estate investment and you can’t qualify elsewhere consider hard money as a potential financing option.

Rental Property Loans: Things to consider when it comes to Conforming Mortgages.

When it comes to rental property loans, conforming mortgages are the lowest cost financing option available. Learn about the basic providers of this type of financing, what they will expect from you as a borrower and whether or not this is the right financing option for you.
A "conforming mortgage" is essentially the same thing as a standard home loan. The main difference is that you the borrower use the loan to purchase an Arizona Investment Property instead of a primary residence. Because you are using the loan proceeds to buy an Arizona Investment Property, lenders charge more for this type of loan and expect more from you as a borrower. Simply put, you are going to pay your primary mortgage first and foremost before paying the mortgage on your Arizona Investment Property.
This added risk makes this type of loan a bit more expensive than a standard home loan.
When it comes to conforming mortgage providers, lenders fall into three broad categories, online, businesses investment lenders and traditional banks.
Online providers offer convenience when compared with the other two types of lenders because you don't have to go to a physical location to apply. With online lenders, you can complete the entire lending process from the comfort of your home. Business investment lenders are ideal for borrowers who are a, businesses and b, looking for greater flexibility. The other two types of mortgage providers don't usually lend for commercial or multifamily purchases. A traditional brick and mortar bank is best if you are looking for a provider with insight into your local market. In addition, one-on-one meetings with your lender in this situation, give you the opportunity to build a relationship, which you could leverage to secure a better deal.
In the case of Rental Property Loans, and specifically conforming mortgages, your eligibility will come down to a specific set criteria.
No matter which type of mortgage provider you choose there are basic standards borrowers should know before approaching any investment lender.
Basically, you can't have a credit score lower than 620. Don't have your debts take up more than 25 percent of your regular income, this is known as Debt to Income Ratio. If your debt to income ratio, it exceeds the 25 percent standard, expect your application to run into difficulties. If your score is lower than 620, or if you have a lot of outstanding debt you are better off considering alternative forms of financing.
When it comes to rental property loans, a standard conforming mortgage may not always the right help for you.
There are many situations where a "conforming mortgage," might not meet your needs.
Conforming mortgages, conform to the standards set by Fannie Mae and Freddie Mac. Therefore there are specific situations where no matter how great your credit is, you will not qualify for a conforming mortgage.
The property you aim to purchase may be in deplorable condition. No conforming mortgage lender will be able to approve a loan on a property that falls short of FHA guidelines.If the property you want to invest in is in shambles you should look into a rehab loan first.
Another situation is where you have 4 or more outstanding mortgages, the more mortgages you have the great scrutiny a lender will have give to your credit profile until you essentially need perfect credit to qualify. If this is your case, look into a blanket mortgage.

However, conforming mortgages are perhaps the most comfortable option for those just getting into the rental business. Before looking into a conforming mortgage, consider which type of lender can meet your needs, know the basic standards of qualification and whether or not a conforming mortgage is really best type of financing for your specific situation.

Dennis Dahlberg Mortgage Broker[3][2][2][2][2][2] 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

Things to consider about Rental Property Loans

If you are getting into the rental business, rental property loans, can be quite confusing. The following article will endeavor to clear up some confusion and attempt to answer the following questions: Where do you even start? What do you buy and who should you get advice from?
The first step before you even think about applying for an investment loan is to know your credit profile. Why? Because this will give you a sense of the amount of money you can qualify for and this amount will help guide your search for investment properties.
Review your credit score from all three major bureaus, Experian, Trans Union, Equifax, and do your best to dispute mistakes and clear up lingering debts. However, be wary, and consult with experts before you try to improve your credit score. Even the best-laid plans such as paying off old debts and closing old accounts might potentially have a negative impact on your score.
After you know your credit score and take steps to improve it as necessary you'll want to get a sense of how much "house you can" actually afford. That is you want to approach potential lenders and get an estimate about how financing you can actually qualify for, which help narrow your search for investment properties.
In the case of rental property loans, you can increase your eligibility by knowing the numbers before hand.
After you find a property, you might want to purchase you need to have an in-depth sense of the costs associated with your investment.
First, consider the cost of carrying your loan, can you afford to make monthly payments while you wait to secure a tenant? If not you might want to think twice before taking on a new loan. Do you think the property will need repairs in order to make it ‘habitable," if so you need to factor in the cost of repairs into the amount of financing you apply for, (i.e., You may need to borrow more money than you initially thought).
Above all ask the question, do you have enough cash on hand to make the 20 percent down payment needed for Arizona Investment Property loan? If not you might need to look at cheaper homes, or consider alternative steps to raise the necessary down payment.
Once you have a good sense of the numbers, you can start to take the following steps.
To increase your eligibility for rental properties loans, consider taking the following steps:
Your first job is to gather any relevant paperwork before beginning the application process. Typical documents needed include two months of bank statements, investment account or IRA statements, two months of pay stubs and other documents as requested by your lender.
Then you'll want to consult some experts. An accountant can help you avoid paying additional taxes on any rental income you may earn. In addition, you should also consult an attorney who can discuss strategies to protect from legal liability. Do your best to get plugged with other local real estate investors in your area; this will give you a sense of the market, and where to find the best deals.
After gathering the necessary paperwork and consulting with experts its time to get your loan pre-approved. It is always best to have your loan approved in writing before putting in an earnest offer; otherwise, sellers are prone to overlook your bid.
Once your offer is made, and your loan finally has closed, congrats you have just purchased your first rental property.

There are, of course, a lot of other things to consider but this article gives an underlying sense of the process involved with purchasing your first Arizona Investment Property.

Dennis Dahlberg Mortgage Broker[3][2][2][2][2] 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

Beretta Only

Wednesday, October 10, 2018

Investors; Why Real Estate Lines Of Credit ?

How to Make the Most Out of Your Arizona Business Loans

Common Business Loan Mistakes to Avoid

Make sure your business loan expenses are valid. Don’t spend on unnecessary expenses just because you can.

Tuesday, October 9, 2018

Arizona Hard Money Lenders: Advice for House Flippers

But how do you know which Arizona Hard money lenders are the real deal?

Evaluating your options when it comes to Arizona Investment Property Financing

If you are just dipping your toes in the water when it comes to investing in real estate, you may be overwhelmed by the multitude of Arizona Investment Property financing options available.

So if you can't qualify for a conventional Arizona Investment Property financing, can you still finance the purchase of an Arizona Investment Property?

If you can, you should consider hard money which can be an excellent Arizona Investment Property financing option

Rental Property Loans: Things to consider when it comes to Conforming Mortgages.

When it comes to rental property loans, conforming mortgages are the lowest cost financing option available. Learn about the basic providers of this type of financing, what they will expect from you as a borrower and whether or not this is the right financing option for you.

In the case of Rental Property Loans, and specifically conforming mortgages, your eligibility will come down to a specific set criteria.

When it comes to rental property loans, a standard conforming mortgage may not always the right help for you.

Things to consider about Rental Property Loans

If you are getting into the rental business, rental property loans, can be quite confusing. The following article will endeavor to clear up some confusion and attempt to answer the following questions: Where do you even start? What do you buy and who should you get advice from?

In the case of rental property loans, you can increase your eligibility by knowing the numbers before hand.

To increase your eligibility for rental properties loans, consider taking the following steps:

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