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Sunday, December 22, 2019

Why Are Owner-Occupied Arizona Hard Money Lenders So Hard to Come By?

There are many Arizona Hard Money Lenders out there, but only some of them are owner-occupied hard money lenders. Read on to find out why this is and what you can do about it.

You’ve probably seen a ton of Arizona Hard Money Lenders that lend for residential and commercial properties. In research, you might notice that Arizona Hard Money Lenders that lend for owner-occupied properties are few and far between. But, why?

Compared to other types of loans, owner-occupied loans are more difficult for hard money lenders. Residential and commercial real estate loans have fewer restrictions than owner-occupied loans, making them easier for lenders to process and approve. These traditional Arizona Hard Money Loans can be approved very quickly and without the need for good credit or loan histories, giving them clear appeal.

Owner-occupied homes require much more work due to state regulations. When a borrower offers up his home as collateral for a hard money loan, he is giving the lender control over the property until the loan is paid back. If the loan is not paid back in time, the lender has the ability to take the property. Clearly, this poses a conflict if the home owner is occupying the property. In an effort to protect home owners from hard money lenders, states have put rules in place to make this process more secure.

Owner-occupied Arizona Hard Money Lenders must place applications for these types of loans under higher levels of scrutiny. The state and federal governments have rules in place that require lenders get specialized licenses to lend owner-occupied loans. Lenders also must be more detailed in their analysis and approval process than they might for other types of Arizona Hard Money Loans based on governmental regulations. It can be easier for lenders to simply not offer owner-occupied loans than to go through the processes of getting the correct licenses and having to go through borrowers’ information very carefully.

How Can I Get My Owner-Occupied Loan?

The key to getting your owner-occupied loan is to be able to prove you can make your loan payments. It’s important for lenders to be sure you can verify your ability to pay the loan before they will lend to you. Knowing information about your loan going in can make it easier to get just because you won’t have any surprises. For example, knowing your loan amortization is important. With hard money lender Level 4 Funding, your loan will be fully amortized over 30 years, allowing you to pay in smaller amounts over time.

Search for an owner-occupied money lender near you.

Although there aren’t too many owner-occupied Arizona Hard Money Lenders out there, they aren’t impossible to find. Level 4 Funding, for example, is approved to lend owner-occupied real estate loans and they even offer great benefits for borrowers. Low rates are available, there is the potential for 100 LTV financing, and they have no pre-payment penalties on their loans. For anyone looking for an owner-occupied loan, consider Level 4 Funding.

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: 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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Saturday, December 21, 2019

Spec Home Investors Versus Flippers: Which Should You Be?

There is money in real estate just waiting to be made, but should you pick the side of flippers or spec home investors? Read on to discover the pros and cons of each and choose the investment that’s right for you.

Looking to make an investment in real estate? Good move. Real estate is an excellent venture that can be a source of income for years. Just two forms of real estate investment are spec home investments and flipping. Spec home investment involves building a home with the intent to put it on the market, and flipping is purchasing and renovating a home to rent or sell. Both can be excellent enterprises, as there is good money in real estate. Each option allows you to customize homes based on current design trends making them likely to sell if they’re priced right, but each also has its advantages and disadvantages. Figure out which investment is right for you based on the pros and cons of spec home investing and flipping.

Spec Home Investments

Pros

· Spec home investors can make great money

· It’s a unique business, so competition is low compared to flipping

· Rather than changing an existing house, building new allows spec home investors to start totally fresh

· New homes may have more appeal to customers who want their exterior and interior design to match, which might not be an option with a flipped home

Cons

· Spec home investors must buy the lot they’re going to build on in addition to building the house, which can be pricy depending on the lot location and size

· You must work with many contractors to build your home to ensure a quality build, which could get complicated

· Before hiring a contractor, you need to review as many as you can to ensure you get the best deal on the best work

Flipping

Pros

· In some cases, flipping an existing home can be less expensive than building a new one

· Flippers are able to show off their creativity and take pride in seeing spaces in new ways

· Flipped homes offer the possibility of making money quickly

Cons

· Unforeseen repairs are almost guaranteed when working with real estate, which can add to your costs

· You must work with what you have, even if what you have is a house in shambles

· Holding costs can be costly and bothersome

So, which is better?

Neither spec home investors or flippers are necessarily better than the other. One group may make more money in a specific region, but it all depends on the local market, cost of living, and a ton of other factors. The one that is better for you is the one that works best for your lifestyle.

You don’t have to choose one or the other.

Both spec home investing and flipping can be lucrative moves in real estate and can be taken advantage of by anyone with the money. If you’re low on funds, you can apply for an investment loan from a private money lender like Level 4 Funding. Level 4 Funding specifically offers rental property/investment loans and Arizona Fix and Flip Loans, which can help you realize your real estate goals and get you on the road to profit.

Friday, December 20, 2019

How to Become a Millionaire with Rental Property Loans

Real estate is an extremely lucrative industry. Learn how taking out Arizona rental property loans can get you on the path to real estate success.

Ready to get into the rental property business? If you need some funds to start you off, Arizona rental property loans with Level 4 Funding could be just what you’re looking for. Rental properties can make you a great deal of money, so taking out a rental loan to start your business is a step in the right direction. Here’s how rental properties can add thousands to your bank account.

Monthly Rent

The most obvious benefit of rental properties: the rent! Depending on the size, location, and quality of your rental property, you could make a pretty penny on the rent alone. If you price it right, you can use the rent to pay utilities for your property and be able to keep some nice change for yourself.

Flipping

While it’s less work to buy a property that’s already great, it can be worth your while to buy a less expensive home and renovate it. Investing in a property that needs some work can have a major pay off, as the décor and renovation costs are all up to your discretion. You can do as much or as little renovation as you would like, and you can choose interior design elements that work for your budget. By flipping wisely, you can greatly raise the value of your property.

Appreciation

Selling your rental property at a strategic time can give you a lot of money due to appreciation. As time passes, your property can grow in value, allowing you to sell it for more money in the future. This works especially well if you’ve flipped it. If you watch the real estate market, you can strategize and sell your property at a time when you will get the most for it. Then, if you’re not ready to leave the rental property business, you can invest the money into another property.

The Financial Benefits of Taking Out Arizona Rental Property Loans

Some might be worried about taking out a loan, but rental properties will pay for themselves in time. Getting a loan to begin your business and purchase a property can be extremely helpful if you don’t have as much money as you need to buy it yourself. As your business grows, your real estate revenue will help you pay back your loan in no time.

Apply for a rental property loan and start your journey toward real estate success

The lenders at Level 4 Funding are there to address your questions and concerns and help you on your professional journey. Arizona rental property loans could be the way to achieve your rental property dreams. Apply now and see if a rental loan is right for you.

Wednesday, December 18, 2019

How to Get the Loan You Want Using Arizona Private Money Lenders

Struggling to get a loan from a bank? Arizona Private Money Lenders can be much more flexible in their loan process, meaning less stress for you.

Private Arizona Hard Money Lenders can take away the hassle traditionally associated with loans. Banks can make you jump through hoops with their complicated application processes and have you prepare heaps of financial information, while private lenders make the process much simpler. With that being said, it’s still important to make some preparations before applying for a loan with a private lender.

Before you apply for your loan, you should identify the specific type of loan you want. Money lenders offer many different loan options like rental or investment property loans, Arizona Fix and Flip Loans, business loans, and construction loans, among others. Research different loan options and find out which one is appropriate for your situation. Approach your hard money lender with the type of loan you want in mind to make the process easier and smoother.

One of the most important elements to private lenders is collateral. Banks make decisions about loans based on financial history, while Arizona Private Money Lenders base their loans on collateral. In exchange for your loan, you offer collateral to your private money lender until your loan is paid off. This allows for a less complicated and restrictive loan process that you can’t get at a bank. For collateral, you could offer a property you already own or the property you want to purchase with your loan.

Once you’ve identified your collateral, you should think about the loan strategy you’d like to aim for. Unlike many banks, you can negotiate the terms of your loan with Arizona Private Money Lenders. Lenders are able to work with you to make the most appropriate plan for your personal situation and your specific loan, as opposed to banks who can treat each customer the same as the last. Strict corporate policies can leave bankers with their hands tied, even if they want to help you. Arizona Private Money Lenders can work with you to give you what you need, so it’s wise to come in with some goals for your loan strategy like desired length and payment plan.

Arizona Private Money Lenders Make Loans Easy

Loan applications with banks can give you headaches, but this is not the case with Arizona Private Money Lenders. Bank loans can take so long to get approved just because of all the information they must go through. On the other hand, Arizona Hard Money Lenders care more about your collateral than your finances. If you have good collateral, it is likely your loan will be approved. Even if your credit is poor, you will still have a chance of getting a loan, which can be unlikely with banks.

Choose Level 4 Funding for your Arizona hard money loan.

If you’ve decided you want to go through a private lender for your loan, consider choosing Level 4 Funding. This private hard money lender offers many types of loans and will be there for you when you need them most. Visit their website Level 4 Funding.com to see if their services are right for you.

6 Things You Can Buy with Loans from Residential Hard Money Lenders

Funding your next real estate investment can be tough to do out of pocket. Luckily, residential Arizona Hard Money Lenders can provide loans to help you finance your dream property.

Residential Arizona Hard Money Loans can be used for a variety of properties. Whether you’re looking for somewhere to call home or just a place to vacation, residential Arizona Hard Money Loans have you covered. Here are just some properties you could call your own by getting a residential loan:

A welcoming new home

Residential Arizona Hard Money Loans are perfect for purchasing a new home. That cute house for sale on the corner that you pass every day doesn’t have to be just a fantasy.

A rental property

Rentals are great investments because they can make you back the money you put into them and more. Airbnb’s, flippers, or long-term rentals can all be purchased with residential hard money loans. The advantage of these properties is that they can help you pay back your loan easily and quickly, plus give you some major spending money.

A relaxing beach house

Looking for more of a vacation home? Residential Arizona Hard Money Lenders could help you cover that, too. Picture waking up to an ocean sunrise and getting your toes in the sand while you drink your coffee.

A cabin in the woods

Are you the outdoorsy type? Get your very own solid-wood cabin surrounded by the lush, quiet wilderness. Every day could mean hiking, biking, and bonfires in this forest retreat.

A cozy condo

Downtown or in the suburbs, condos can be great spaces to call home for less money than a traditional single-family home. They can offer the feeling of a free-standing house with the amenities and community of an apartment.

A tropical getaway

Get the vacation home you’ve always wanted with residential hard money lenders. Imagine a sunny sky, a light breeze, and a drink in your hand as you watch the ocean on your new patio. Sounds pretty great, right?

Advantages of Residential Hard Money Loans

There are many advantages of taking out a residential hard money loan over a bank loan. Residential Arizona Hard Money Lenders have a fast and easy approval process that is much less complicated than that of banks. The process is able to be so simple because Arizona Hard Money Lenders focus on collateral rather than your financial history. Often, the collateral for residential Arizona Hard Money Loans is conveniently the property being purchased itself. Because of the hassle-free process, Arizona Hard Money Loans can be great for those who want to get loans quickly and easily without being scrutinized by banks.

Own the property you’ve only dreamt about

Taking out a residential hard money loan could be just what you’re looking for to fund your next home, oasis, or rental property. The ease of Arizona Hard Money Loans compared to banks can allow you to get your new home in no time flat. Stop dreaming and start living by taking out a residential hard money loan to fund your next property purchase.

Tuesday, December 17, 2019

How to Use Arizona Airbnb Loans to Create the Most Popular Rental in Your Area

Airbnb is growing in popularity among tourists, as it can be a great alternative to traditional overnight accommodations like hotels. If you’re looking to start a rental business with Airbnb, keep reading to learn how Arizona Airbnb Loans can help you hit the ground running.

Creating a rental business from scratch can be tough. It takes hard work, determination, and some starter money to set your enterprise up the way you want it. Before you open for business, there are a few steps you should take to get your short-term rental ready for guests.

First, you’ll need a space to rent, whether that be an extra room in your home, the beach house you inherited, or a condo you plan to purchase. Once you have your space, it needs to be made livable, so your guests will not only enjoy their stay, but leave you positive reviews. All that preparation for an upcoming Airbnb can be costly, especially when you think about paint, repairs, furnishings, décor, and appliances.

The key to running a successful Airbnb is to provide your guests with an experience they wouldn’t get at a hotel or another short-term rental. Hotels can have great interior design and even nice perks, but the experience is very similar at whichever hotel you choose. Airbnb’s can be the same way if not designed with a marketing standpoint. To place your rental space above the rest, you’ll want to create a space for your guests with unique amenities and benefits that show you care. Wine in the fridge, personalized notes, custom murals, and guides to nearby attractions add a touch of humanity that guests just won’t get in standard hotels. Even the small things can make your short-term rental worth choosing over both hotels and your competition because they show your guests that you care.

These tactics work wonders, but where do you start? The interior design you need to make your business flourish can cost thousands of dollars depending on the size and makeup of your rental space. Even higher in cost than the decorating is space itself if you’re going to buy one to rent out. That’s where Arizona Airbnb Loans come in.

Where should I go for my Airbnb loan?

Arizona Airbnb Loans from private Arizona Hard Money Lenders can be extremely helpful in starting your rental business. Banks can be hesitant about lending loans for rental properties, as putting them in the right loan category can be difficult. Mortgages on rental properties can be risky for banks as well, making them even less likely to issue loans in some cases. Due to the complications associated with banks, it’s best to look to private Arizona Hard Money Lenders for Airbnb loans.

Before you decide on a loan provider that’s best for you, work out the financial details of your future Airbnb.

When applying for a loan, it’s important to know the costs of exactly what you’ll want to do. Are you going to buy the place you want to rent out, or do you already have it? What repairs need to be done to the space? What amenities will you have? How much furniture will you need? Think about your answers to these questions and talk to a hard money lender for more information about loans for your future rental space.