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Friday, April 12, 2019

Start Earning Now: Get the Spec Home Financing Today!

Don’t let the big bad banking system get you down. Get the speck home financing you need to build on property. Level 4 Funding is here to help you get a return on investment in a market that is heavily demanding new homes to be built. Time and time again Level 4 Funding has acquired spec home financing for its numerous clients. With professionalism, experience, and a favorable track record, Level 4 Funding is here to help you earn more today.

Wow! The bank frowns upon financing property without any sound buildings upon it. That’s a problem, because right now, it’s a builder’s market. There are not enough homes in the industry to satiate the needs of the buyers! Whatever are speck home builders going to do? Well, they are going to go to hard money lenders like the usually do to get the financing that they really need.

Banks and credit unions are bound by more rigorous restrictions than hard money lenders. Banks especially have one hand tied behind their back regarding the deals that they can accept and the rates they can give. Hard money lenders save the day when it comes to real estate investing. These lenders can offer financing where none can be found. They can also offer financing until conventional financing can be obtained.

This is especially beneficial for spec home investors who need to buy property in order to build commercial or residential buildings. Hard money lenders are not afraid of land. Some may require that utilities be connected before hand or that the land be locating in a favorable retail area should they need to liquidate. Nonetheless, they lend frequently and help spec home builders earn a profit.

Get Spec Home Financing Today!

Look no further—Level 4 Funding, your hard money broker, has lent millions of dollars in financing to real estate investors throughout the nation. Time and time again it has acquired spec home financing for its numerous clients. With professionalism, experience, and a favorable track record, Level 4 Funding is here to help you tackle the favorable spec home market.

Earn now. Call your broker at Level 4 Funding today to find out the spec home financing terms and rates that you qualify for.

Call your broker at Level 4 Funding today to find out the spec home financing terms and rates that you qualify for. Speck home financing is here to provide the financing in order to acquire the earnings that need.

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.

7 Tips to Find Wholesale Properties to Acquire Funds to Invest with Hard Money Lenders

Finding wholesale properties is a doorway for many into real estate investing. Though it is a trade that takes some time to learn and get used to, it is a great segway into learning the basics of a trade and establishing a basis of networking. Wholesaling helps many acquire the funds to secure financing from hard money lenders.

Call real estate advertisements on billboards or posters and ask for deals that they are not willing to take. Should they accept, these individuals will forward sales opportunities to you in large quantities. Though they may not be the cream of the crop, they offer a potential sell. Mill through enough bad ones, and you just might find the diamond in the rough, meaning a possible couple grand in your pocket.

Craig’s List ads. Check out the site. Though it may be lacking in digital opulence, it is still a hotspot for modern commerce in many industries. Look through the ads, and find properties that look distressed or in need of a fix up. Who knows, you may be able to make a low-ball offer and score a deal that can wholesale to other investors. Rent ads. Who is renting out property in your area? Maybe they are tired of dealing with difficult tenets, finding new tenets, repairing, or driving long hours to repair or manage. Sometimes you might just be the saving right hand of God, full of cash and brokering a deal with investors willing to pay money to renovate.

Pre-Foreclosures. Sometimes, people may be destined to an ill-fated end. However, setting them up with real estate investors eager to purchase their property, may just save the day for them and fill your pocket with some jingle-jangle.

Wholesale to Later Invest with Hard Money Lenders

Owners behind on utility bills. Maybe these individuals are in over their heads. Difficulties in life may make them more favorable to a cash offer on a promising bit of flip property. The only way to find out is to research those who are behind and to make an offer. Vacant and/or boarded up houses. If no one is in the house, someone is paying property tax. Help others out of a property bind by offering cash for uninhabited houses. This may be an opportune way to get a great deal.

Hard money lenders like Level 4 Funding are here to help you get into the real estate business.

Networking and driving for dollars. Keep talking to your network and driving around town looking for any of the prior property types. Eventually, the right deal with appear offering you a way to acquire a profit. With increased profit and increased sales, finding loans form hard money lenders. Becomes a greater possibility. Hard money lenders like Level 4 Funding are here to help you get into the real estate business. Start small, raise money to invest, and find the hard money lenders that are right for you.

Thursday, April 11, 2019

Wholesale for Money, Invest with Hard Money Lenders Afterwards

Find wholesale properties until you can earn enough money to invest in real estate with the help of hard money lenders. Make extra money each month and build up a base upon which you can begin to invest and make more money today.

Sometimes you just don’t have money to break into the real estate industry or even cough up the loan-to-value to tap into money from hard money lenders. Not to worry. Many times, it takes people years of saving or a bit of hustle to get into the real estate industry. Being too short on savings to invest drives many to find wholesale-real-estate units to sell to other real estate investors. Finding homes to wholesale is a great way to break into the real estate industry because it builds an understanding of supply and demand, market value, and networking.

What is a wholesale home? Well, when it comes to real estate investment, wholesale homes are homes that can be bought under average market value, be renovated, and be rented or sold for a profit. Usually a wholesale home is a distressed home that needs some tender loving care. Finding these distressed homes takes work—but offers rewards.

Where to start. One of the ways many people start finding wholesale property is by “driving for dollars.” Driving for dollars means cursing your neighborhood to find homes that have need of repair, have no inhabitants, and have elderly residents tired up upkeeping. Maybe add to the list individuals who rent out properties that are tired of driving long distance to manage. Nice. Sometimes finding these individuals takes looking at property tax records to find the owner, Facebook ads soliciting renters, and more. Nonetheless, the method doesn’t change. Drive, search, locate, and send a friendly message. Say that you are a real estate investor interested in acquiring property, and you are interested in offering a price for said property. Many wholesalers drive and send a personal letter to the owner with a name and number to contact:

Dear John Doe,

You are. You buy real estate locally. You’d like to offer a cash value for the 1111

CAMBRIDGE RD property in Phoenix, AZ. After negotiations, can close as quickly

as 10 days. If you are interested in selling, please call or text us at (XXX) XXX-XXXX.

Wholesale to Secure Investment Funds for Hard Money Lenders

Upon response, the wholesaler has a researched offer to give to the owner. Upon negotiation, if the amount is not accepted, or closely reached, many wholesalers will leave the offer on the table and walk away. Walking away gives the owner time to think about the money presented before them and come to a conclusion. Many times, leaving an offer on the table results in a sell down the road. If you get the approval, make sure you have researched local real estate investors who are willing to purchase the property. Mark the property up several thousands of dollars to compensate your effort, then repeat.

Save money, wholesale, and invest with hard money lenders.

Over time, and with a sufficient number of wholesale clients, you may just have enough money to start to invest in real estate on your own. Enough money to contact hard money lenders who can help you into the real estate industry. And that’s the gist: save money, wholesale, and invest with hard money lenders.

Who are Residential Hard Money Lenders?

Fred wanted to renovate a home and put in the market for profit, but he didn’t know where to go. He was experienced in home renovations and knowledgeable about the housing market, but he had poor credit. Read more below to find out how he was able to get approved by a residential hard money lender to get funding for his project.

Fred did what most people do first: seek out a local bank or credit union. Banks are traditional lenders, but they have high standards when it comes to loans. You have to have a great credit score and debt to income ratio, and really prove yourself as a reliable borrower. Fred, however, could not. So, he began to seek out untraditional options and came across residential hard money lenders.

Fred found that, while technically considered alternative and private options, these lenders were able to offer money fast and approve a wide variety of borrowers. He began to research local lenders near him to find out more.

The Benefits of residential hard money lenders

When Fred met with his local lender, he learned that the collateral of the property he wanted to obtain was considered before his financial history. The plans for the property and the overall investment potential posed greater risks to his lender than his finances. His lender was able to overlook an imperfect finance history for the investment value of Fred’s plans. Fred was relieved to learn he qualified for a loan with his residential hard money lender. Before he sealed the deal, however, he had to consider the risks—even if the possibility of receiving a loan with a 75 percent LTV loan to value ratio seemed like a dream come true.

The Risks residential hard money lenders

Before diving into a deal with your lender, you need to consider their reliability. Lenders and borrowers work on two way streets, and your reliability is just as important as your lenders. Additionally, it is essential to consider the high interest rates. When Fred first saw his lender’s rates, he couldn’t believe they were as high as 5 percent more than others on the market. However, Fred saw potential in his lender. Because he was working on a fixer upper, the short repayment period didn’t scare him. He was experienced in renovations and believed the property would sell when it was on the market, making the short repayment period easy to deal with. Not only that, but Fred found it key to work with his lender to obtain the funds—and therefore his property—fast. Even banks couldn’t offer the speed of his lender. Banks could take more than a month, but Fred’s lender only needed a week to get going. While there were risks associated with private hard money lenders, sometimes the pros outweigh the cons. Fred found it essential to work with his lender on his fixer upper, though he noted they wouldn’t be ideal in every situation. Fortunately, the speed of his lender was able to help him obtain his property, as well as renovate and sell successfully.

Considering Owner Occupied Hard Money Loans

If you have rotten credit, you may have been referred to a hard money lender—but what is hard money, and what situations work best for it? Read more below to find out!

Arizona Hard Money Lenders are private lender. They are alternative options to traditional lenders like banks and credit unions. Traditional lenders have high standards when it comes to the loan approving process. A great credit score and debt to income ratio can make or break you when it comes to qualifying. Arizona Hard Money Lenders are there for you when you cannot meet these high standards or have an imperfect financial history.

The value of the property comes first when it comes to the approval process of hard money. Private investors want to know the plans and potential. Then they will consider your financial history. It’s not as important here, but it will still be considered. When people aren’t turning to Arizona Hard Money Lenders for their ability to approve them, it’s for their ability to be speedy when it comes to starting the loan process.

Borrowing Hard Money

If you are considering owner occupied hard money loans, it is likely because you need to fund some basic home renovations, like repairing the roof. Owner occupied Texas Hard Money Loans refer to the fact that the borrower is funding a lived-in property and working on something that needs an immediate fix. Renovations are the most common reason to use hard money, whether it’s owner occupied or for another reason like a fixer upper. Fixer uppers are actually the most common reason people borrow hard money. The speedy loan process and the short repayment period compliment the timeline of obtaining a competitive property off of the market fast and selling quickly with a hopeful profit. While the short timeline works well for fixer uppers, you really want to consider your options before diving into hard money for your current home.

Risks of Hard Money

Arizona Hard Money Lenders are great solutions to bad credit and short timelines. However, before seeking them out as your alternative lender, there are a few things you should consider. First, most Arizona Hard Money Lenders have high interest rates—much higher than the average lender on the market—and some are known for hiding fees within the terms to their loan agreement. You need to know the lender you are working with is reliable, and you don’t want someone whose only goal is to rack up as many fees as possible. If you want reassurance, you can always go to a real estate attorney who can help you look over the terms of the loan agreement if you have doubt. The other thing you want to consider is the short timeline. Coupled with the interest rates, Arizona Hard Money Lenders may not be a great idea. Extensions can be given to these loans, but owner occupied Texas Hard Money Loans may not be the best if you don’t know how you will begin to approach the repayment period. Some extensions can be given, as Arizona Hard Money Lenders are generally transparent with their borrowers, but you really need to consider what’s best for you in the long run.

Wednesday, April 10, 2019

Should You Be Using a Hard Money Lender for Arizona Rental Property Loans?

In what situations do Arizona Hard Money Lenders work well with rental property owners? And should they be used at all? Read more below to find out!

Most people are referred to Arizona Hard Money Lenders when they do not qualify for traditional loans from banks or credit unions. Arizona Hard Money Lenders are private, untraditional lenders who do not use the same approval process when determining what borrowers qualify for hard money. They focus on the property as an investment. Collateral comes before the borrower’s financial history. In this way, they are able to approve a wide variety of borrowers that traditional lenders cannot approve. However, just because they offer an easy approval, it doesn’t mean they are right for you. When it comes to using a hard money lender for funding for rental property loans, you really need to consider your timeline and budet because, generally, they are only used for short term projects.

Timeline and Budget

Arizona Hard Money Lenders have short repayment periods. This usually means they are great in cases of fixer uppers. They can get you money fast and, if you are able to fix, flip, and sell your property successfully, you are able to start repayment right away. So, when it comes to rental property loans, Arizona Hard Money Lenders are usually not a good idea. The profit you are making off your rental is coming in month by month—this usually is not enough to satisfy their financial requirements. Not only that, but they have high interest rates and fees. This is not a good combination if you are just getting started on a profit from your property. If, however, you need to fix something in the property fast, it may seem a good idea to turn to your local hard money lender. They can get you money usually within the week, if not sooner. That is fast compared to traditional lenders who usually take at least a month, if not more. Speed can be key in determining the outcome of some situations. If you’re between tenants on a property and need funds to fix an issue quick, Arizona Hard Money Lenders could be an option. They are known to offer loan extensions and, depending on the size of the loan and when your next tenant is coming in, the risk could be worth it.

Is Hard Money Right for You?

Generally, the answer, for long term options, is no. A better bet would be to go to your local bank for a traditional option for your rental property loans. Timeline and budget need to align and, with hard money lenders, they are not as flexible. High rates and short repayment periods don’t align themselves well with a long term project where a profit is coming in slowly. Despite a profit that is accumulating, it won’t fare well with the interest rates of your private hard money lender—extension or not. So, before deep dive into the housing maket, make sure you have all the info you need to be successful with your property and loan decisions.