Beretta Only

Tuesday, January 8, 2019

Making Money Using Loans to Flip Houses

You don’t need money to start flipping house. You can use loans to flip houses. Find out how that works here.

Just about everyone has heard the adage, “It takes money to make money”. What many people don’t realize is that you don’t have to have that money in your bank account. Instead, you can simply borrow the money.

When you borrow money to get into a new business, such as flipping houses, you can pay back the loaned amount and make a profit. How does that work? Read on.

Using Loans to Flip Houses

As long as you can be approved for a loan, you can get into the business of flipping houses. Even if the loan amount is not high, you can get started.

This is case study of a person who used loans to flip houses and is now a millionaire.

Jared Betty was approved for a $85,000 loan. With that loan, he worked with a Realtor to find a property that was $53,000. This property was a foreclosure that needed a little work. After purchasing the home, he put $25,000 into the home to bring it up to code and beautify it.

As soon it was ready, he had the Realtor that helped him find it put it on the market. It sold within a week, and he sold it for $95,000. He took the remaining money from the loan he received to pay the Realtor and pay back the loan. He then took out another loan, and since he had a previous loan that was paid for quickly, he was able to get approved for $100,000 the second time.

He used that money to purchase another fixer-upper, and used the remaining to renovate it. This time, he was able to double his investment walking away with $100,000 after paying his Realtor and the loan back.

With $100,000 in profit, he purchased a home that was about $80,000, put in $15,000 for renovations, and sold it for $135,000. His profit was $40,000.

Jared now rolls over his profits into bigger homes for more profit. He makes hundreds of thousands of dollars from each sale instead of tens of thousands.

You can do this too if you decide to use loans to flip houses.

The business of flipping homes is not difficult. With so many loans available, you can find ones that fit your current financial situation. No matter if you have no credit or bad credit. You can get out from being stuck in a financial pit. Use loans to flip houses to make money for a secure financial future.

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.

Monday, January 7, 2019

Getting a Business Going with a Commercial Hard Money Loan

When you have a dream of owning a business and you don’t want to wait months for financing, commercial Arizona Hard Money Loans may be the best choice just like it was for me. Read my story to understand.

Working in corporate America is not anyone’s idea of a dream come true. Grinding each day making money for someone else who just sits back and collects makes anyone bitter. That’s why when I had a vision and plan to create my own business, I knew I had to run with it to make it a reality.

The only problem was that I didn’t have the funds to start my business. Like people always say, “It takes money to make money”. I went to my local bank and they said that I would have to wait two to three months to get a business loan and that was after I was approved for it...if I was approved for it.

I couldn’t wait that long. I had to do something quickly.

The Way a Commercial Hard Money Loan Helped Me

As I was doing some research online, I learned about commercial hard money loans. They seemed perfect for what I needed.

Not only do they give you the loan amount within 10 days of approval, they don’t have any upfront fees and the paperwork is minimal. I also didn’t have the best credit, so that was a plus too.

The only limitation for me was that they based it on real estate assets. Since I did have a second home that I rented out during the summers, I decided to use that as my asset. They use it to determine how much they will be able to loan you. Usually, it’s 60-75% of the value of the asset.

I called the hard money lender and started the process. It only took a few minutes to give him all of the information. The lender let me know that there was no loan committee to review the application, so the decision would be made in a matter of a day or two.

The very next day I received the call I was hoping for – I was approved!

Without the commercial hard money loan, I would have never been able to make my dream of owning a business a reality.

To this day, I still can’t believe I made it happen. I’m a proud business owner with several employees who work for me. I love being able to make money while I’m at home spending time with my family. It’s all because of the money I was able to receive from the hard money loan.

If you have the same dreams as I did, go ahead and turn them into a reality. You can get started with a loan from commercial hard money lender.

Top Five Reasons to Use Hard Money Loans

Are you curious about hard money loans? Find out five reasons people use these loans to help you decide if they are right for you.

Arizona Hard Money Loans are provided by private investors and companies and are secured by real property. People turn to these loans for a number of reasons, but after working with so many clients over the years, we’ve seen the same types of situations come through. We wanted to identify those reasons here in case others find themselves in similar scenarios.

Five Reasons Business Owners Should Turn to Arizona Hard Money Loans

#1: Need Cash Fast

Arizona Hard Money Lenders understand how important it is to get money quickly. They work fast to ensure their borrowers get the funds they need as quickly as possible. Most clients are business owners with suffering businesses, so time is of the essence. After a quick assessment and value calculation, an application can be approved, and money sent.

#2: Crumbling Business

All businesses have their ups and downs, but that doesn’t mean they should close as soon as something hits. To stay afloat, many businesses decide to turn to Arizona Hard Money Lenders to help them. These lenders provide loans based on the value of their property, and can give up to 75% of the value to the borrower.

#3: Bad Business Credit

Bad credit doesn’t just hurt an individual, it can hurt a business as well. When a business owner needs a loan, it can be extremely difficult to get one unless they turn to a hard money one. Credit is taken into account, but only for interest rate determination. At times, this is not as important when considering the life of a business.

#4: Business Mistakes

Everyone makes mistakes, and it shouldn’t cost you a business. If that happens, loans can be a saving grace from a shutdown. Get out of the consequences of your mistake, and move on knowing what not to do in the future.

#5: Seasonal Slowdowns

Most businesses have slow times of the year. Sometimes, these slowdowns can cause businesses to fold unless they prepare for them. Even when people don’t prepare for them, they can turn to Arizona Hard Money Loans to get through that hard time. When business picks up, they pay back the loan and are highly thankful for the financial help they received.

Arizona Hard Money Loans are highly sought after because they are easy to get and the money is sent quickly.

If you’re business is suffering financially in any way, consider turning to a hard money lender. This person can help you with a loan that could save your business from going under. Once you get your head above financial waters, you’ll have some time to build up your business to pay back the loan and move on towards success.

Banks v. Hard Money Lenders: Which Is Best for You?

When looking for a loan, there are a few places you could go, but how do you know what lender will work best for you? Banks and Arizona Hard Money Lenders have very different loan processes, so it can help to know about each of them to make a wise choice.

With the different loan options out there, it’s easy to feel a little lost. Banks and private lenders are very different, so one may be better than the other for the loan you need. Here are some of the major differences between banks and Arizona Private Money Lenders:

Application process

The bank loan application can be long and complicated, but might work for those who don’t need loans quickly. The process involves bankers going through your information in great detail to determine if you qualify for a loan, which can take some time.

Loan applications with Arizona Hard Money Lenders tend to be shorter and less complex than bank loans, meaning private lenders could be a good choice if you need a loan fast. Because private lenders tend to be more focused on collateral than financial history, the application process here can be much quicker than that of banks.

Approval

Bank loan approval is based on your finances, including your credit score and your past ability to pay back loans. A good financial history is your best way to get a loan from a bank.

If you have poor credit or loan history, Arizona Hard Money Lenders are the best choice for your loan. Arizona Hard Money Lenders base their approvals on collateral rather than your finances. Having collateral will motivate lenders to approve your loan, as they will collect your collateral if you are unable to pay off your borrowings.

Flexibility

Banks can be tied to their company policies. If they require a certain credit score for loan eligibility and you don’t meet that, you could be out of luck. Additionally, their payment plans, rates, and loan lengths might be rigid depending on their policies.

Private Arizona Hard Money Lenders have much more flexibility with loans. Lenders can adjust payment plans and other loan elements to help each client individually, which can be great if you need specific issues addressed.

Choose the lender that best fits your personal needs

Selecting the loan provider that is right for you should be based on your individual loan needs. Arizona Private Money Lenders work well for short-term loans that you need quickly and provide a straightforward, simple loan process. Banks could be better for longer loans, and work well if you have good credit.

Research Arizona Private Money Lenders to get more information about benefits, rates, and types of loans granted.

Although banks have their advantages, Arizona Private Money Lenders can work wonders for you. Research private lenders like SetaBay to learn more about their loan processes.

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

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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

How Hard Money Lenders Help Save Suffering Businesses

Arizona Hard Money Lenders saved my business, and I am so thankful for it. They can help your struggling business too.

As we approach the new year, I’m thankful for a number of things. My health and family are the obvious ones, but I’m also thankful for my Arizona Hard Money Lenders. This may sound cheesy, but once you read my story you’ll understand.

My family has owned a pizza place in our small town in Nebraska for 50 years. Throughout those years, there has been a lot of ups and downs with it. The latest down was in 2017 when we had a small fire and had to pay for repairs. We thought that was it, but then we ended up with plumbing issues, which cost a few thousand more dollars to repair. Business was starting to slow down, so income wasn’t as good as it used to be. People were simply turning to healthier foods due to the recent health craze.

As we scrambled financially to keep the business afloat, we started to fall behind on our building’s payments. We couldn’t keep up, and the lender was threatening to kick us out. We couldn’t have that happen to our family business.

We tried to run some specials to drum up some business. We even had an event to draw people in, but it just wasn’t enough. We were strapped.

How Arizona Hard Money Lenders Helped

One day as I was searching online, I learned about Arizona Hard Money Lenders and how people with commercial properties get out of difficult situations. I called one up to see how they could help me.

The hard money lender told me that they would give me the money to pay for the lease as a loan. The amount they would give me was based on the value of the property, and would end up being 60 to 70% of the total value of it.

This was much more than I needed, and definitely would get me out of the financial rut I was in, so I decided to go ahead with it.

The process was quick and simple. There was minimal paperwork, and it only took a couple of days to hear back on how much they were willing to lend me.

The Arizona Hard Money Loans saved my business and I am forever grateful.

Business owners need to know that Arizona Hard Money Loans are available. They get people out of hard financial situation quickly and easily when there’s nowhere else to turn. Hopefully, if you’re ever in the spot I was in, you’ll consider turning to one of these lenders.

PRIVATE MONEY LENDERS IN ARIZONA HELPING SMALL BUSINESS FINANCING

As a small business owner I can promise you that finding funding from a traditional bank can be extremely difficult.

Banks have always been very reluctant to lend to small businesses. In fact, the small business loan approval rate is less than 25%—that means over 75% of small business owners that apply for small business loans are turned away. When I needed funding and was turned away from my credit union and another national lender I went to see a private lender.

Most small businesses are able to obtain loans through Arizona private money lenders. In fact, the demand for private business lending has skyrocketed so heavily that they are not difficult to find anymore. Private money lenders in Arizona usually specialize in certain financing—others have many niche markets.

ADVANTAGES OF PRIVATE MONEY LENDERS

Unlike a bank, where you are inundated with documents to send, documents to sign and documents to return—and then the documents they send back to you and return once again. This underwriting process can take months, and with only a less than a 25% chance of being approved— is it even worth your valuable time. The application process with private lenders is much quicker—business owners can be approved with a day and receive funds within days. When you are running a business you don’t have time to wait for your money.

Bank terms are solely based off of your credit history. As a small business owner myself, I know that many times owners can run into financial difficulties, especially in the beginning stages, and your credit can be effected. Unlike banks, private lenders are more understanding of market trends and can tailor their loan terms based on their own judgement.

There is a potential for higher interest rates on private loans due to the risk the lender is taking. These are asset-based loans—meaning the amount of the loan is based on the collateral you can offer the lender. Typically, it is not the entire value of the collateral that is considered—instead it is the loan to value ratio that is considered for the loan. The loan to value is simply a percentage of the property’s value. The loan value is the appraised value of the property. Typically, Private money lenders in Arizona loan up to 65% of the value of the property—but it is not unheard of them to finance even higher. This is how the lender assesses their risk in the loan.

If you are looking to open a franchise or your business is not in a position to qualify for a traditional small business loan, private money lending is an avenue you should seriously consider.

Other than the slightly higher interest rate attached to private money loans all other aspects of private money lending are easier and quicker than traditional loans. These loans are based almost completely on the collateral of the small business owner and funds can be released quickly. If your business is in need of funding, and you have found yourself discouraged with the banks, it is time to begin your search for private money lenders.