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Sunday, April 14, 2019

Who are Private Money Lenders and How Can They You?

Private money lenders are a godsent for many individuals in need of loans, individuals unable to size up to institutional mandates—sometimes intimidating or even momentarily impossible.

Private money lenders are individual investors who are separate from federal institutions. Aside from conventional lenders who receive institutional money, rates, and regulations in order to lend money, private lenders loan out their own money to the individuals they see fit to loan to. They are small entities with their own interests and their own agendas, not an extension of the bureaucratic arm of federal lending.

Private money lenders pool together large sums of money, multi-million-dollar sums or greater. Some private investors have access to personal wealth and invest individually, other private investors are part of an investment group who together pool sufficient funds in order to lend. Whether an individual or a group, the concept is the same: a non-institutional source of money to be invested in monetary ventures.

Private money lenders are a godsent for many individuals in need of loans, individuals unable to size up to institutional mandates—sometimes intimidating or even momentarily impossible. This is why private money lenders serve a twofold purpose: First, they invest in individual or commercial ventures in order to secure monetary returns in the form of interest. Second, they offer a line of credit in a variety of situations for those who need it. Where the proverbial door of conventional banking closes, the door of private lending stays open. This is quid-quo pro. Private money lenders get a good return on roughly 7%-14% of their investments and are covered by the LTV they wish to set. By charging more than conventional lenders they are rewarded more and offer more options to others. Real estate investors win by finding a funding niche.

Private Money Lenders Are Your Lending Advocates

Instead of calling an obscure entity from a “1-800” number that is directed through a myriad of phone lines and codes just to hopefully get a bank representative, private money lenders are accessible, personable, and available. By building local investment ventures, they indirectly build communities, small businesses, local infrastructures, and community jobs. Though finding private money lenders is not as easy as other lending outlets, it is a comfortable and a less regulated lending form that continues to help many small business and individuals get their start.

If the banks have turned you down and you need a helping hand, talk to your broker at level 4 funding. Level 4 Funding has access to a variety of private money lenders and is able to get you the funding that you need.

If the banks have turned you down and you need a helping hand, talk to your broker at level 4 funding. Level 4 Funding has access to a variety of private money lenders and is able to get you the funding that you need. Level 4 Funding has a long history of helping individuals interested in real estate investment, home acquisition, home refurbishment, bridge loans, and commercial lending. Get in touch today. Interest rates start as low as 5.99% APR.

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.

Are Conventional Fix and Flip Loans Possible?

Conventional or hard money fix and flip loans? That is the question. Find out how to weight the decision that affects your business.

There are two main options for fix and flip loans. Conventional or hard money. Though difficult to acquire for many flippers, conventional loans present great opportunity to individuals possessing the right credentials. For conventional lending, first off, high credit scores are needed. The banks want to see who well the borrower has payed his or her debts in the past. Have payments been made on time? Are there any delinquencies? Have there been any foreclosures or repossessions? Essentially, to the banks, credit history indicates the risk of loaning. If there is a favorable credit score GREAT. However, that is not the end of the story. Debt to income is another indicator.

What is debt to income? Debt to income is the total debt figure divided by income. Banks use this ratio to calculate if a potential borrower is able to make payments, especially after adding any requested loans. Max debt-to-income ratio for conventional banks tends to hover between 40%-50%. Thus, borrowers must show favorable debt to income in order to indicate that they can pay off debt with the amount within the constraints of a given income.

Collateral or significant assets to back loans is another indicator conventional lenders look for when loaning out money. It is another crucial factor for receiving a conventional loan. What types of assets, general property or equity in property, does the borrower possess? Is the proposed collateral enough to buffer the lender in the unforeseen event of foreclosure? These are escape plans for the bank. The leveraged assets of a borrower form the shield of lending agencies. Finally, conventional lenders look for a history of profit, repayment, and success as good omens. What is the borrower’s track record? Has the borrower been able to repay previous flipping debts? Will the borrower continue to repay debts and remain a profitable business entity in the future?

Ditch Conventional Lenders and Get Hard Money Fix and Flip Loans

If the borrower is able to prove that he or she has a positive record in these areas, it may be likely that he or she can receive a fix and flip loans from a conventional lender. The benefit to receiving conventional money is that the borrower is able to then access some of the most competitive rates available, much lower than that of hard and private money lenders. However, the draw-back to conventional lending is the fact that the funding process takes so long. Conventional lenders take months to fund on average. There are other complications that arise with conventional lenders. Mainly, how does one obtain distressed, short sale, or foreclosed property. This is a challenge because conventional lenders are primarily interested in properties that can be lived in.

Don’t let the conventional restriction get you down. Get funded today. Level 4 Funding is here to meet your needs regarding fix and flip loans.

If you don’t fall into these categories, or if you would like another source of lending that is quick and can get the job done in a timely fashion, talk to your broker at Level 4 Funding. Level 4 Funding is here to meet your needs regarding fix and flip loans.

Saturday, April 13, 2019

Get Property Fast—Owner Occupied Hard Money Loans

Owner occupied hard money loans help individuals get the property they want when they need it. They no longer have to wait on the banks. They no longer have to bend to the mandates of immaculate credit. Get yours today through Level 4 Funding!

Owner occupied loans are loans made out to individuals looking to buy or refinance residential property. A primary requirement for receiving an owner-occupied loan is that the buyer/refinancer is going to live on said property. There are a great many reasons why individuals may seek owner occupied had money. Whether to acquire a new home, fix an existing home, or manage debt, many have felt the comfort of being able to find a financing solution and enjoy the home that they deserve.

Acquiring a home. Many times, people get tired of renting and living in a small cubical. The time comes to stretch out one’s metaphorical wings and find a new place to live. Especially now, with property shortage, internet pricing, and more individuals moving to urban areas, the cost of renting is sometimes equal to or higher than a house payment. However, many people are stuck in a renting scenario because the are unable to verify enough time on the job, have unconventional employment, or abysmal credit, maybe even all of the above.

Owner occupied hard money loans help individuals get the property they want when they need it. They no longer have to wait on the banks. They no longer have to bend to the mandates of immaculate credit. Refinancing. Sometimes, debt accumulates. Credit cards, loans, debts, interest rates. Refinancing especially with owner occupied hard money loans can consolidate debt. It can limit the amount of interest paid on a house. Aside from Acquiring and refinancing, owner occupied homes allow many to start building on property.

Owner Occupied Loans Help Real People Get the Right Property

Finally, bridge loans. These loans help owners move into a new home until the old home sells. They usually have a duration lasting between three to twelve months. Opposed to long-term funding agreements which can span years, these types of owner occupied hard money loans are concerned with providing short-term financing for acquiring property. The word bridge indicates an intermediary period between hard money and conventional lending; since bridge loans are expensive, borrowers tend to enter into such financing agreements with the mindset of paying loans off quickly or bridging to a long-term source of financing later.

Level 4 Funding is here to help you qualify for owner occupied hard money loans today. Don’t wait on the bank. Don’t let marred credit stop you from finding the home that is right for you. Owner occupied hard money loans have helped many and can help you too.

Talk to your hard money lender today at Level 4 Funding to apply for owner occupied hard money loans that are right for you. Don’t wait on the bank’s tedious process. Get approved within days.

Forget the Banks—Get Residential Hard Money Lenders

Forget conventional lending and their numerous stipulations. Residential hard money loans are able to fill a wide variety of finance needs for varying ranges of individuals with varying credit scores. Get funded through Level 4 Funding, your hard money broker. Find the residential hard money lenders that are right for you today. Finance in days what normally takes months.

Residential hard money lenders lend money to individuals who offer their homes as collateral. The equity in the borrowers’ homes will be used to back hard money lenders in the advent of failed payments. Residential hard money lenders are a great option for those unable to acquire a conventional loan since, sometimes, conventional residential lenders just won’t finance the needed amount or individuals just don’t meet certain financing requirements.

There are many reasons why people struggle obtaining conventional residential loans. One of the first factors is creditworthiness. Conventional lenders are adamant upon looking at credit history, looking into credit delinquencies, crossing Ts and dotting Is, and making sure that potential borrowers can provide the documentation, paperwork, income, work history, etc. to qualify for the money. While many are able to qualify for these competitive rates and get some of the lowest interest in the country, others are not. Others find themselves in a sort of lending limbo.

For these reasons, many individuals petitioning for residential loans are: those in need of a home and also looking to sell their current home; those who have faced bankruptcy, foreclosure, or short sale; those dealing with a troublesome property; those buying a house for the first time; those looking to refinance; those looking to remodel a personal home; and those looking to consolidate debt.

Residential Hard Money Lenders Create Opportunity

Bridge Loans are another category of residential hard money lending. Sometimes individuals have a mortgage and are looking to buy another home. The time it would take to get approved through conventional residential lenders along with selling the current home would take many months, a time period in which the newly desired property would most likely be sold. In this instance, residential hard money lenders allow individuals to buy anew home while waiting for the old one to sell. Sell an old home from the comfort of the new.

Get funded through Level 4 Funding, your hard money broker. Despite being rejected by the banks and credit unions, you can secure the financial backing you need by using residential hard money lenders.

All in all, residential hard money loans are useful because they fill a wide variety of finance needs for varying ranges of individuals with varying credit scores. Get funded through Level 4 Funding, your hard money broker. Find the residential hard money lenders that are right for you.

Make More Money with Spec Home Financing

Make money with spec home financing: With a growing housing market and a growing number of individuals selling homes from positive equity positions, there is an influx of individuals looking to move immediately into a new and reliable housing after selling their former properties. Spec homes, are fulfilling this niche. Since spec homes are based off of a generic, reliable, and cost-effective plan, individuals itching to find a new home within a short amount of time tend to find spec homes to be secure, new, and reasonably priced answer to their market demands.

2018-2019 has brought with it an era of economic stability and a growing stock market. Due to the favorable upward movement in the economy, more people are purchasing real estate. Individuals are chomping at the bit to get a hold of reasonable property that is priced much higher than real estate just a few years ago.

Many experts point that this increase in pricing is a sign of increased real estate demand in the presence of limited real estate opportunity. High demand and short supply, otherwise known as a housing shortage has led many to believe that spec homes and other types of building are the answer.

Spec homes come as a surprise to some who remember the Great Recession, a period where cheap foreclosed and short-sold properties were in great abundance. Grabbing a home, adding a coat of paint and a few quick fixes offered a great return margin for either flipping to sell or rent. The glamor of gaining a relatively quick buck made many of the TLC stars famous. However, today in 2019, flipping has become more difficult. Getting distressed homes from conventional post-recession is challenging. Margins have shrunk as a whole. On top of that, the sensationalism of TV’s get-rich-quick mentality has driven many novices to try their hand in the business.

Hard Money Drives Spec Home Financing

Instead of flipping, spec homes offer greater returns for those steeped in construction experience. Those that know haw to organize the whole of the building process. With a growing housing market and a growing number of individuals selling homes from positive equity positions, there is an influx of individuals looking to move immediately into a new and reliable housing after selling their former properties. Spec homes are fulfilling this niche. Since spec homes are based off of a generic, reliable, and cost-effective plan, individuals itching to find a new home within a short amount of time tend to find spec homes to be secure, new, and reasonably priced answer to their market demands.

Talk to your hard money broker today at Level 4 Funding and take advantage of the millions dollars available to you in spec home financing.

Tap into the Bull Market. Get spec home financing. With the help of your hard money broker at Level 4 Funding, you can get spec home financing and develop the properties in your area that are able to secure strong returns. Talk to your hard money broker today at Level 4 Funding and take advantage of the millions of dollars available to you in spec home financing.

Friday, April 12, 2019

Personable and Face-to-Face Service from Private Money Lenders

Escape the digital and return to the age of face-to-face conversation. Deal with an individual on a personal level without having to go through bureaucracy, lines, or screens. Face-to-face. Don’t wait in line at the bank or call into an organization who has outsourced its phone-answering services to India. Talk to private money lenders. Get an answer in days, not months!

Analog is dead. Congratulations, you live in the digital age. You live within arm’s length of a computer and a cellphone. Dial-up internet, wall phones, and CDs are dead. To interact with the world around you, you have to look into tiny little screens, answer phone calls at all hours of the day, and no longer have to have face to face conversations. Texting, email, social media, telemarketers calling at midnight. Amid the utopia or dystopia of all things digital, you even have a credit score.

That’s right. Within minutes, banks and many other large institutions can peek into your financial information and judge you. Good debtor or bad debtor? Divorce, foreclosure in the downturn, short sell? Too bad. You’re credit score got wrecked. On top of that, your chances of getting a loan are slim. The banks may run from or shrug you off.

So, what do you do? Are you an analog cowboy in a digital world? Do you long for the simplicity of the past? Good. Many people do. You’re in luck too. There are lenders who don’t look too deeply into your credit score—private money lenders. These are the guys who can get you out of a bind by extending the means of financing you need. Private money lenders are private investors. They are not tied to the Fed and its ups and downs. They are less confined by government restrictions.

Why Do People Prefer to Deal with Private Money Lenders?

Many people confuse private money lenders with hard money lenders. However, hard money lenders compile large sums of money from groups of individual investors in order to lend out money. Private money lenders, on the other hand, go at it lone cowboy raking in substantial, personal stores to lend out to debtors. Many people favor private money investors because there is usually one face who deals with the clients and loans out the money. This differs from waiting in line at the bank or calling into an organization who has outsourced its phone answering services to India. Deal with an individual on a personal level without having to go through bureaucracy, lines, or screens. Face-to-face interaction. Old-fashioned.

Talk to your broker today at Level 4 Funding to locate private money lenders that are right for you.

Don’t deal with automated call-in structures that leave you waiting hours to be attended. Talk to a human being, face to face, and get the lending you need from an individual you can trust. Private money lenders offer old-fashioned service that is quick and reliable. Talk to your broker today at Level 4 Funding to locate private money lenders that are right for you.