Texas Hard Money Lender: November 2015

Monday, November 30, 2015

3 Ways Texas Hard Money Lenders Are There When You Need Them

If you want to purchase an investment property, you will probably find that banks can be frustrating and seem to want to close you out of the market. When you can't get help from a traditional lender, Texas hard money lenders will be there for you.

The housing crash of the mid-2000s led to banks tightening down and strengthening lending requirements. These included debt to income ratios as well as FICO scores and income verification requirements. While in theory many of these regulations sounded fine, in practice they are leaving many Americans effectively shut out of the housing market. In fact, according to recent estimates, as many as 43% of Americans will find themselves denied for a home loan.

If you are one of these Americans who can't seem to get a home loan from a bank, you have other options. Texas hard money lenders can help you get a specialized, investment based loan with much less strict lending requirements and a much higher approval rate.

3 Ways Texas Hard Money Lenders Can Help Americans Get a Home Loan

If you can't get a loan from a bank, Texas hard money lenders are here to help. Here are 3 ways that hard money lenders are there to help when banks fail.

1. Texas hard money lenders have less strict debt to income ratios. If you own other investment properties or have a business or personal loan, it will not interfere with your ability to get a hard money loan.

2. Hard money lenders have lower FICO score guidelines and can sometimes even waive your FICO score altogether. This is especially true if you are using Texas hard money loans to purchase an investment property. A hard money lender will examine the merit of your investment, not your credit score.

3. Texas hard money loans have much less strict income verification guidelines. If you are self-employed this is an especially nice benefit because it increases the likelihood that you will see an "approved" stamp on your application.

If a hard money loan from Texas hard money lenders sounds like what you need, call a lender today.

You lender will be able to further explain the risks and benefits of Texas hard money loans and get you started on the application process. Don't let banks keep you down any longer, find Texas hard money lenders today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

With Hard Money Lenders, Texas Investors Can Avoid Pitfalls

When you are purchasing an investment property, there are many issues that can pop up during the escrow period and derail your investment. With hard money lenders, Texas real estate investors are able to avoid common pitfalls that can delay or even cancel closing.

If you are looking to purchase an investment property, you may think the hard part is finding the right home to purchase. While finding the right property is important and can be stressful, once your offer is accepted, you are far from done. During the escrow period any number of issues can pop up and delay your closing. In some of the worst cases, you can actually end up having to cancel the purchase altogether.

The most common issues that can interfere with closing on an investment property are issues that pop up during an inspection. According to hard money lenders, Texas investment properties are most commonly sold "as is." To protect themselves most investors still have an appraisal and a home inspection. If major issues are uncovered that you don't have the funds to fix, you will often have to walk away from the property.

Another issue that can make closing difficult is time. Many investment properties are foreclosures, auctions, or short sales. If you come to the table with an offer contingent on bank financing, the time period for acceptance can take a long time. Sometimes even months. If you are looking to find an investment quickly, you may get discouraged and look elsewhere.

A final issues that often comes up during closing is investor financing. As a real estate investor, you often have lines of credit and mortgages on a few different properties at a time. This can throw off your debt to income ratio and you may have trouble getting financing. The worst is when the application goes through underwriting and you end up with an eleventh hour cancellation because something the bank didn't like came up in your finances.

There When You Need Them, 3 Ways Hard Money Lenders Texas Help Investors Avoid Closing Pitfalls

One way to avoid some of the issues on closing on an investment property is to use hard money lenders Texas investors trust. Hard money lenders can give a hard money loan which will help you avoid many of the above mentioned issues that can cause your investment to not close.

Here are 3 ways that with hard money lenders, Texas investors are able to avoid issues during closing:

1. You can cross-collateralize and borrow extra cash. If an issues comes up during the inspection, you can use other property you own to get extra hard money funds to fix it so you aren't short cash for repairs.

2. You can get cash quickly. Most hard money loans close in a matter of days compared to the weeks or months it takes bank loans. This means you can get cash fast to use at an auction or to make a strong offer on a short sale or foreclosure.

3. Texas hard money loans are not based on your personal finances but the merit of your investment. You can rest easy knowing nothing will come up as a red flag during underwriting.

Once you have decided to use hard money lenders Texas investors can count on, don't delay.

Get your loan process started today so you can close on your investment property and start making money.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Sunday, November 29, 2015

Danger, Buyer Beware! Pitfalls Hard Money Lenders in Texas Want You To Know About

If you are considering a hard money loan funded through hard money lenders in Texas, your lender wants you to be aware of any and all risks that might be associated with your investment. Being informed can help save your money and your time.

Texas hard money loans can be an investor's dream come true. Easy approval, little paper work, and fast access to funds make them ideal for many real estate investors. However, if you are working with hard money lenders in Texas, they want you to know that there are also risks associated with Texas hard money loans.

The main risk with Texas hard money loans is that you may lose money. This is actually the primary risk with almost any investment. If you purchase a fix and flip home, it is possible that the real estate market could crash or the home simply may not be worth as much as you anticipated. In addition, unexpected repairs can add up and if the project takes too long, you may end up paying too much interest on your loan.

In addition to losing money due to the real estate market or costly repairs, it is also possible to pick a bad lender that could end up costing you. If you choose an inexperienced lender or, even worse, a dishonest one, your money can be in jeopardy.

Hard money lenders in Texas want you to be aware of these risks not to scare you, but to make sure that you go into the investment informed and protected. Also, there are several steps you can take to minimize your risk and help protect your investment.

Ways to Risk Less With Hard Money Lenders in Texas

One way to risk less with hard money lenders in Texas is to do your research. Before you commit to an investment property, have it appraised and inspected. This will help make sure that you can sell it to recoup your funds and that no unexpected issues pop up during your renovation. You should also shop around for quotes of any job you do, don't take the first plumber if he isn't the best and most cost efficient.

A second way to risk less is to interview and research hard money lenders in Texas. Choose a lender who is honest and has experience with Texas hard money loans. Talk to past clients and look at information other than what is easily found on the lenders website. This will help you make sure you are choosing a lender who is truly on your side.

Once you have decided to take the plunge with hard money lenders in Texas, make sure you protect yourself and your money.

Call our experts at Level 4 Funding to learn more about Texas hard money loans today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Get a Loan With Bad Credit (Hint, You Need Texas Hard Money Lenders)

If you have bad credit but need cash fast for a real estate investment, Texas hard money lenders have a variety of specialized loan products that may be for you. Learn your options and how hard money loans can help bad credit borrowers.

Bad credit can happen for a number of reasons. Everything from a few mistakes when you were younger, to divorce, or job loss can cause your FICO score to dip down below a prime score. If you have bad credit, you probably assume that you will not be able to get a loan for an investment property. When you are working with Texas hard money lenders, you will find that this is not true. As long as you have a job and source of income, you can get a hard money loan.

A hard money loan is an investment loan from Texas hard money lenders that is secured by real estate. You find a property you want to purchase as a short term investment and sell yourself and your investment to your lender. You need to come up with a solid game plan on how your investment will make money for both yourself and your Texas hard money lenders. If your lender agrees that your investment has merit, they will lend you the cash to purchase the property. The best part? Usually your FICO score has no bearing on whether or not you are approved for a loan, only the merit of your investment.

A Few Things About Hard Money Loans You Texas Hard Money Lenders Want You To Know

If a hard money loan sounds like a great idea, there are a few things you need to know so that you are informed about your loan product. First and foremost, know that you will be charged a higher interest rate. Your Texas hard money lenders are taking a risk on you and because you have bad credit, your loan will cost more. Interest rates vary by lender and can be anywhere from about 8% to 15%. Also, you need to remember that a hard money loan is a short term loan. You should plan your loan timeline in months, not years. This will minimize the amount of interest you pay and help you make more money in the long run. Finally, you also need to know that you will not be able to borrow the full value of the home your are purchasing. Loan to value ratios are anywhere from 70% to 90%, depending on the lender. Keep this in mind so you can save up for a down-payment.

Once you have decided to move forward with a hard money loan, contact Texas hard money lenders

Your hard money lender will be there to answer all your questions and help you through the loan process. They are there to help make your dreams come true!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Make Money With a Fix and Flip: Renovation Tips From Hard Money Lenders Texas Investors Trust!

If you are looking to do a renovation on a fix and flip house and want to make a profit, you need to know that certain renovations will get you more bang for you buck than others. Take it from the experts, hard money lenders Texas rehabbers trust!

Most real estate experts know that Texas hard money lenders are there when investors need to purchase a fix and flip property. With liberal lending practices and little emphasis on FICO scores or personal finances, it is hard money lenders Texas investors turn to to purchase investment properties.

Hard money loans are short term, asset based loans that can be used to purchase investment properties. Most commonly, they are used to buy foreclosure or auction properties at a good price that are then fixed up and sold for a profit. With years of experience in the fix and flip business, hard money lenders know what will help a property sell and what will not.

Top 3 Renovations Recommended by Hard Money Lenders, Texas

If you are looking to get the most bang for you buck, here are the top three ways to spend the cash from your hard money loan to make the most profit on your fix and flip.

1. Fix any major problems. When it comes to buyers looking for a turn key home, take it from hard money lenders Texas experts trust for loans and more, no one wants to see work. If you buy a home and it needs a new roof, make sure to put one on. The same goes for major systems like the HVAC or water heater.

2. Paint. Pick a nice neutral paint color and it will help attract buyers. If you need ideas on color, anything from beige to grey can look great. Don't pick anything too taste specific because, according to the hard money lenders Texas pros turn to, you want to home to appeal to a broad base of buyers.

3. Home staging. Investing a little in staging a home can pay you back big time. Staging makes the house look like a home and helps buyers picture themselves living there.

Take it from the hard money lenders Texas flippers trust, these small improvements go a long way!

When you are ready to take the plunge and buy a fix and flip, make sure you turn to Texas hard money lenders to help you along the way. You will be glad you did!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Lending a Helping Hand: With Hard Money Lenders, Texas' Self-Employed Can Buy a Home!

Tough bank lending regulations and income verification standards have made it nearly impossible for business owners to get a home loan. With hard money lenders, Texas' self-employed borrowers can bypass the bank non-sense and buy their dream home.

Since the housing crash of the mid-2000's, banks have cracked down, a lot. And while some new regulations were necessary to protect both borrowers and lenders, things have gone a bit too far. It is to the point now that many Americans who are self-employed find themselves denied by banks for home mortgages.

The big, red "denied" stamp can happen for a number of reasons. If you're self-employed, you probably take advantage of many legitimate tax breaks to help with your income tax burden. Almost anything you purchase for you business and any interest you pay on loans are tax deductible. However, while this may be great at tax time, it can often hurt your chances of getting a home loan because it makes it look like you make less income than you actually do. Another factor that can hurt small business owners is record keeping. Some businesses may not have records that accurately reflect their earnings and any "holes" will be red flags for banks. Finally, credit scores may affect your ability to get a loan if you have business loans or other personal debts.

It is a double edged sword. On the one hand, being self-employed is many American's dreams, but it can also effectively shut you out of the home loan market. This does not have to be the case though, because with hard money lenders, Texas' self-employed borrowers can get a home loan.

Hard Money Lenders Texas Financial Experts Recommend

With the current lending climate being what it is, it is hard money lenders, Texas financial experts are recommending. With minimal paperwork, less strict income verification guidelines, and almost no concern over credit scores, hard money lenders are making it easy for self-employed Texans to get the home loan they need. Turn around times are quick which means that you can buy an auction house or get a great deal. Keep in mind that you may pay a higher interest rate for the credit but often it ends up being worth it. Just make sure you know exactly what your monthly payment will be, including any interest and fees, and make sure it is within your budget.

If you are self-employed, don't let the bank stand in your way, find hard money lenders Texas experts trust and get started today!

You will be glad you called hard money lenders Texas self-employed borrowers know and trust. Once you are ready to start your journey to home-ownership, don't let anything stand in your way.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.