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Tuesday, January 8, 2019

Skyrocket Investment Returns with Airbnb Loans

Most people don’t know that they can take out an Airbnb loan to purchase a vacation rental property. I’m so glad I did because it’s been a lucrative investment.

Did you know that a rental property in the Hamptons of New York can go for $10,000 to $30,000 a week. Yes, you read that correctly. During the summer months, NYC dwellers want to run away to the beach area of the Hamptons for some R&R and you can catch in on it like I did.

My Investment with Airbnb Loans

My friend told me about this, and when he told me how much money he was making, I couldn’t ignore it. He bought a small home in the Hamptons for $700,000 and has rented it out to vacationers ever since. He makes between $100,000 and $200,000 a year on it.

When I heard about it, I was skeptical but I figured I might as well try it since he was so successful. I was able to get an Airbnb loan for $600,000. After browsing the available homes at that price in the Hamptons, I realized that I wanted to invest in something a bit nicer so I put in $200,000 of my own money.

This price gave me a small bungalow in walking distance to the beach. I looked over records and did some asking around, and comparable rentals were bringing in about $20,000 a week, so I thought it was worth it.

After closing on the home, I immediately started to promote it. Almost instantly, I had it booked. People continued to call to book time at the rental throughout the summer into the fall. When things started to slow down, I wasn’t sure this was the right investment. That was until the spring hit, and I started getting more weeks booked, and the money was just pouring in again.

It took about a year and a half to pay off the Airbnb loan and my cash investment. After that, it was all profit. Amazing!

You don’t have to go to the most expensive area in the country to make a lot of money from Airbnb loans.

I chose the Hamptons because that’s where my friend did it. There are many other places where you can make smaller investments and still turn a decent profit, such as Florida, Georgia, South Carolina, and North Carolina.

If you’re sick of looking at meager returns on your investments, consider Airbnb loans. It’s the best way to get into rental properties without having the cash to do it.

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.

The Secret to Successful Investing – Fix and Flip Loans

Have you ever wondered how real estate investors make a lot of money? Many of them do it with fix and flip loans.

Flipping houses isn’t new. People have been doing it for decades. What is new is using loans to do it. People figured out they don’t need to have the cash to flip homes. Instead, they can borrow the money and sell the renovated home at a higher amount to pay it back and then pocket the rest.

Making Fix and Flip Loans Work

When you use these types of loans for investing in real estate, you are basically using borrowed money to produce a profit. After going through the loan process, you will take the amount you were able to become approved for and buy a home.

It’s important to research how much work the house needs, the housing market in the area, and the comps in the neighborhood. This way you will know how much you could potentially sell the house for after it’s been fixed.

For example, if you have a loan of $100,000 and purchase a home for $80,000. You could put about $20,000 worth of repairs in it. If you are able to sell it for $150,000 afterwards, you would make $50,000 profit.

Some people will take that $50,000 and roll it into another investment. They may borrow just $50,000 the second time, purchase a similar home for $80,000, put $20,000 worth of repairs into it, and then sell it for $150,000. In total, that would turn a profit of $100,000.

The investor could then either just use the profit to generate more profit or combine it with another loan to buy a more expensive house to hopefully turn a higher profit. This is how people make a lot of money.

All you have to do is sell one home with a profit of $50,000 a year to have that as your annual income. If you sold two homes with a $50,000 profit, you would have a $100,000 profit. Pretty nice way to make a hundred grand in a year, right?

All you need to do is use fix and flip loans to get started.

It’s true! You don’t need the cash. You just need the seed money from a fix and flip loan. Some of these loans do not require good credit or high income from employment. They can be secured with collateral. To see if you may be eligible to use fix and flip loans, contact us.

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.

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.
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