Texas Hard Money Lender: December 2015

Tuesday, December 29, 2015

5 Ways to Know If Hard Money Lenders Texas Are the Real Deal

If you are a real estate investor or interested in getting started in real estate investing, you need to know about hard money lenders Texas. A Texas hard money lender is a group of investors that put up capital to help savvy real estate entrepreneurs like yourself purchase fix and flip properties and other real estate investments. Hard money lenders Texas give you the capital to make your dreams come true and you pay them interest. It is a win-win situation because they make money, and you make money.

Once you have decided that it is time to start seriously thinking about hard money lenders Texas for your next project, there are a couple things you need to keep in mind.

1. When you borrow from hard money lenders Texas, make sure that you are working with a reputable group or investment firm. A mortgage broker or firm specializing in hard money loans should be your first stop.

2. Make sure you vet your Texas hard money lender the same way you would a mortgage broker or other investment firm. Come prepared with questions. Make sure you know the terms of your loan, including length and interest rate.

3. Have a realistic business plan. Your hard money lenders Texas are more likely to take you seriously if you have a property in mind as well as a timeline for fixing it up, a budget, and a projected profit.

4. Be Honest. If you know the project will take 6 months, tell your hard money lenders Texas so. Don't say you'll be done in 3.

5. Ask for an extension. If you have a hard time finishing the project or unexpected hurdles come up, don't be afraid to go back to your Texas hard money lender and ask for more time. Most likely it will not be a problem.

And, most importantly, remember that hard money loans Texas are meant to be short term loans. Don't take one out if you won't be able to sell or refinance the property because you will end up paying a lot of interest. But, if you complete your project on time, everyone will make money and leave the deal happy.

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.

Want to Be a Landlord? You NEED Texas Hard Money Lenders!

Being a landlord can be a very lucrative business if you are driven, have some handyman skills, and like working with people. With Texas hard money lenders you can qualify for a loan on a rental property, even if you have rotten credit, a high debt to income ratio, or other financial issues.

If you want to own rental properties, you are in good company. Rental income can be a great supplement to your finances and in some cases, be enough to quit your other job. If you want to be a landlord, you need to look into Texas hard money lenders.

Hard money lenders give out specialized, hard money loans. A hard money loan is an asset based, cash loan that can help you purchase investment properties. You can use hard money loans for a number of situations including cash for a down payment or even to finance the entire purchase. Loans from Texas hard money lenders are especially useful if you need cash quickly like in the case of an auction property or foreclosure. Often you can get a great deal by having cash in hand compared to the promise of traditional financing.

3 Ways Texas Hard Money Lenders Can Lend A Helping Hand

If becoming a landlord using loans from Texas hard money lenders sounds like a good option, make sure you do your research before you commit. Here are 3 situations where hard money loans can make your dreams come true.

1. You have bad credit or other financial issues. Hard money loans are based on the merit of your investment and its ability to generate income for you and your hard money lender. This means that Texas hard money lenders don't care too much about your credit score or debt to income ratio.

2. You need cash quickly. If you need to move fast on a deal, hard money lenders can get you approved and get money in your pocket much more quickly than a traditional bank.

3. You anticipate a windfall or making above average rent on the property. Hard money loans do carry a higher interest rate so they are not good long term solutions. But, if you anticipate a large windfall they can be a great bridge loan to buy the property now and pay later. If the property is a great deal in a high rent area hard money loans may also be a great option if you can make money above and beyond the interest rates.

If you want to learn more about how hard money loans can help you become a landlord, contact Texas hard money lenders today!

Don't wait any longer to make your dreams come true. Call a hard money lender today and discuss your loan options.

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.

Buyer Beware! Ways to Risk Less and Gain More With Hard Money Lenders Texas!

Hard money loans Texas are private money loans funded by hard money lenders Texas. The loans are given primarily to real estate investors to purchase properties they intend to use as a way to make money. The lender makes interest and earns their principal back and the borrower makes a profit on a smart investment. There are less regulations and a lot less paperwork than traditional loans and you personal finances don't matter nearly as much as they would at the bank. Sounds great, right? Well, hard money loans Texas are a great way to make money and are a relatively safe investment. But, any investment has some risk. Here are 3 ways to risk less on your Texas hard money loan.

Choose hard money lenders Texas wisely. Not all investment firms or mortgage brokers are created equal. There are people out there who just want to scam you out of interest. Look for a licensed broker or equity firm to fund your investment. Make sure your loan officer is knowledgeable about alternative funding and specifically hard money loans Texas.
Ask lots of questions. Ask about interest rates, loan to value ratios, time frames, and any other concerns that you may have. Your hard money lenders Texas should be able to answer all of your questions in detail and give you the peace of mind you need to go forward with the investment. If you feel unsure, keep asking or shopping around for a new lender until you are confident.
Do your homework. Before purchasing any property make sure that you have a plan. Get the home inspected and appraised. Remember that location matters and try not to overspend on repairs. Have a budget and timeline worked out before you begin your project. Not only will this make sure that you make a smart investment, but it will also impress your hard money lenders Texas that you have a solid game plan in place. This will make it more likely that you will get the hard money loans Texas that you need.

Once you have your loan in place, there is still one major risk with Texas hard money loans. They are addicting! Once you have a taste of fixing and flipping a property, there is a huge risk you won't be able to get enough and will keep doing it. But rest assured whether your real estate investment is a one time thing, or a way to make steady income, hard money lenders Texas will be there when you need them!

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, December 27, 2015

With Hard Money Lenders, Texas Investors Prosper

When it comes to hard money lenders, Texas investors know that they are a great option when you need cash for real estate quickly. Whether you need a fast loan for an auction, foreclosure, or other investment opportunity, Texas hard money lenders will be there when you need them.

If you are a real estate investor, you know that many of the best investments require fast cash. You don't have time to sit around and wait weeks or even months for a bank to approve your loan. If you do, you will most likely lose the property you want to purchase along with your golden opportunity to make money.

If you need money quickly, you should consider a hard money loan from a licensed hard money lender. When it comes to hard money lenders, Texas investment pros know that they can be a great option for a variety of investment funding needs.

3 Times That Hard Money Lenders Texas Are There When You Need Them

If you need a loan quickly or need an all cash loan, hard money lenders Texas investors rely on can help. A Texas hard money loan is an asset based loan that offers little paperwork, fast approval, and even faster access to funds. In many cases, you can can get cash in hand the same day. While this may sound too good to be true, hard money lenders, Texas investors, and even most banks know that Texas hard money loans are a viable investment tool. Here are three situations when a Texas hard money loan might be a great option.

1. An auction. If you are bidding on a house at auction, chances are that you will need cash in hand. Most auction properties are sold as cash transactions, meaning no bank financing. A hard money loan gets cash in your pocket so you can make a strong bid and have the finances to back it up.

2. A short sale or foreclosure. To get the best deal on these types of sales you need to be able to make a quick, cash offer. Hard money loans are a great way to get the cash you need to make your best offer and get a great deal.

3. If you own multiple investment properties or have other issues with debt to income or credit scores. Here's a secret that only hard money lenders, Texas investors, and a few financial experts know, hard money loans are not contingent on your FICO score or debt to income ratio. This makes them ideal for many investors who may own multiple real estate investments at one time.

Once you have decided on a hard money loan, it's time to start looking for hard money lenders Texas investors trust today!

You will be glad you found a hard money lender to help make your investment 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.

Thursday, December 10, 2015

Tips to Make Money as a Landlord With Texas Hard Money Lenders

Many people are taking loans from Texas hard money lenders and investing it in a rental property. Being a landlord can be very lucrative, as long as you know the industry and neighborhood well.

Texas hard money lenders can provide you with the upfront funds you need to secure a property that you wish to convert into a rental, but it’s up to you to turn it into a cash-flowing business.

Here are a few tips to make being a landlord lucrative for you!

1. Scout the neighborhood. Some areas can be deceiving. Make sure you find an area with good schools and desirable amenities. Drive around and check out an potential rentals and their surrounding areas to make sure they are a good rental property.

2. Choose a property that needs cosmetic repairs. According to Texas hard money lenders, doing minor repairs will help you get the most bang for you buck. Just don't bite off more than you can chew.

3. Use an appraiser to get a rough idea of property values and potential rental incomes. This will help you decide if the property you are considering is a good investment.

4. Don't shy away from commercial property. Often being a commercial landlord can be less of a hassle and generate more income than being a residential landlord. With Texas hard money lenders, you can get commercial real estate loans.

Is Becoming a Landlord Using Texas Hard Money Lenders Right for You?

The choice to become a landlord shouldn’t be taken lightly. It requires a lot of planning and strategic thinking in order to turn it into a successful venture. However, once you have the initial work done, it’s generally just a matter of keeping up with regular maintenance around the home and troubleshooting any issues your tenants have. Although it isn’t truly residual income because you have to make sure the house remains in proper form, it’s often a very laid-back job that doesn’t require too much attention. Most of this comes down to excellent planning and choosing the best tenants.

Is Getting a Helping Hand from Texas Hard Money Lenders the Best Way to Become a Landlord?

There are many paths that can lead to the same outcome- obtaining a rental property. However, banks will look at your credit history, income, and other details to see if you qualify for a loan. Texas hard money lenders mostly focus on the value of a property, and the funds they provide can kick off your entrepreneurial start. If you have a strategy for how to obtain a long-term mortgage after the term ends, or you’ll be able to pay off the debt in its entirety, it could make the whole process much simpler. It’s always advisable to get the opinion of an expert before delving into things, but in the end, you’ll have to weigh the pros and cons for yourself.

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

With Swift Hard Money Loans, Texas Investors Profit

There are many benefits to hard money loans Texas investors take advantage of. With fast approval, swift access to funds, and many repayment options, Texas hard money lenders are there to lend a helping hand when you need them.

If you are a real estate investor, there are many benefits to hard money loans Texas investment pros will vouch for. One main benefit is that Texas hard money loans are asset based loans. What this means for you is that your personal finances don't matter, only the merit of your real estate investment idea. Many investors are self employed, which often means that their credit score is a bit lack luster. Personal loans as well as business loans can also over-extend your debt to income ratio. But, with hard money loans, Texas investors don't have to worry about this. Your hard money loan is based entirely on the property you want to purchase and your FICO score does not matter.

In addition to being independent of your personal finances, Texas hard money loans are fast. The application process does not take long and you can usually have your hard money funds in a couple days, and sometimes even less. This is great news for investors! This benefit of hard money loans, Texas investors rely on can help you purchase homes at auctions or foreclosures. Fast access to cash funds can make your offer more appealing and can give you a better chance of getting a great deal.

Tips and Tricks for Getting Hard Money Loans Texas Investors Swear By

If you want to get a hard money loan, you need to be prepared before you go to your lender. Here are a few tips from seasoned investment veterans to make sure you get the loan you need.

1. Have a plan. Choose a property, do your research, and make sure you explain to your Texas hard money lenders why they should bet on you.

2. Have an exit strategy. Make sure you have a timeline as well as a reasonable target price for selling your investment property. Make sure your Texas hard money lenders know when they'll be getting their investment back.

3. Be realistic. Give yourself some cushion on both your time line and budget.

With these tips and a little hard work, you'll be getting hard money loans Texas investors trust in no time!

Once you have gotten your loan, it's time to get to work with your investment project. Completing the project on time and on budget will help make sure both you and your Texas hard money lenders prosper.

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.

Hard Money Lenders in Texas Sound Off: How to Make Money as a Landlord

If you can, owning an asset like a rental property that has the potential to make money is a better financial strategy than owning an asset like a primary home that only generates expenses. So, being a landlord may sound ideal, but there are a lot of moving parts that you need to make sure you are ready to handle. With these tips and tricks from hard money lenders in Texas, you can use expert advice to help you decide if you are ready to start collecting rent checks.

Being a landlord can be a great job. You can make money by owning and maintaining property. Often, you can generate more income as a landlord than you can make at a traditional, paper pushing 9 to 5 job. However, there are risks involved in being a landlord. Namely, you need to make sure that you are able to make enough money. For example, if you need to generate roughly $50,000 a year in income, that means you need to make over $4,000 a month after expenses. For new landlords and novice investors this can be a lot of pressure. While being a landlord is not for the faint of heart, hard money lenders in Texas urge you to give it some thought and decide if could be a lucrative profession for you.

The Pros Weigh In: How to Make Money as a Landlord According to Hard Money Lenders in Texas

In order to make money as a landlord, you need to have a few tips and tricks up your sleeve. Here are the essentials according to hard money lenders in Texas.

Ask yourself, do you like to "do it yourself?" Repairs can add up so being handy will help you save money rather than needing to contract out each and every maintenance job.
Do you know people who can help? Having a reliable plumber who will give you a discount can mean the difference between sinking or swimming as a landlord.
Do you have the right financial expertise and backing? This is where hard money lenders in Texas can become invaluable assets. With a variety of non-conventional loans they can help you get loans for multiple income properties if that is what you need.
Make sure you keep accurate records. Any money you spend on a rental property can be deducted on your taxes. Whether it is an office expense, maintenance expense, cleaning, or equipment, you can write it off.
Make sure you like dealing with people but aren't afraid to be firm. You will spend a large portion of your day talking to tenants. Make sure you want to interact with people all day and that you won't be duped by their sob stories about why their rent is late.

If you are up to the challenge of being a landlord, hard money lenders in Texas are there when you need them for all of your financing needs.

To learn more about getting your finances in order and securing a loan for income properties, contact hard money lenders in Texas today! You will be on your way to collecting a rent check in no time!

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.