With Hard Money Lenders, Texas Homeowners are Avoiding the Pitfalls of Foreclosure

There’s an interesting trend occurring among people in danger of foreclosure. Using funds from hard money lenders, Texas homeowners are converting their primary residence into a rental.

The housing market has rebounded considerably, and many people are shrugging off the after-effects of the recession. However, financial issues can strike any family at any time, and very few of us have had time to set up safety nets yet. Most of the country is living paycheck to paycheck, knowing that the loss of a job or even an illness can mean total financial ruin. Interestingly, it’s hard money lenders Texas financial planners are sending people to, because they can help people transition to a new home in order to rent out their primary residence when these issues occur.

It’s a very simple concept. As people realize they’re in danger financially, moving to a more affordable home becomes essential. Unfortunately, sometimes houses just won’t sell, or the family wants their home back when the financial situation improves. By converting it into a rental, even temporarily, the homeowners become landlords, and can have their tenants cover the monthly mortgage. In some cases, homeowners actually earn income from the deal, while having another party pay down their debts.

Obviously, people who need to move because their house is in danger of foreclosure aren’t going to have a lot of cash to make the transition occur. By obtaining a loan from hard money lenders, Texas homeowners can cover the emergency expenses, and start generating income from their property.

Is Getting Help from Hard Money Lenders Texas Foreclosure Kryptonite for Everyone?

It’s important for homeowners to research their market to ensure that the house will rent out at a fair price, and still cover its mortgage and upkeep. In this day and age, most homes will do this, but it’s imperative to be certain before moving forward with the plan. Landlords will be responsible for the property, and whatever happens on it, so upkeep will be important, and tenants will need to be thoroughly screened. While there is some work involved in being a landlord, this process is saving homes and helping families recover financially after adverse events.

Using Funds from Hard Money Lenders, Texas Homeowners on the Verge of Foreclosure Can Prosper

Renting out a primary home in order to avoid foreclosure can be a family’s saving grace, and it’s a win-win solution for everyone involved. The family keeps their home, sometimes generates income, and another family gets a wonderful temporary home. Using funds from hard money lenders, Texas homeowners are able to get reestablished, but the process might not be right for every situation. It’s important to have a plan in place to ensure that the loan can be paid off swiftly, and that the property qualifies for this type of assistance. It’s generally most helpful when a family has significant equity in the home already, and doesn’t want to lose that nest egg or wants to retain the property for later. If you’re considering becoming a landlord, be sure to talk with a specialist before making a final decision.

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

  

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.

Make Full-Time Money Flipping Houses with Private Money Lenders Texas!

Real estate flipping isn’t just a job – it’s a passion by Private money lenders Texas

Just like with any business, bank or mortgage company, private money lenders Texas want to see that you’re interested in a particular project. Always return calls promptly and get the information they need in a timely manner. Private lenders keep less capital on hand than banks. If you delay in getting back to a hard money lender, they may lend their assets to another borrower.

Private money lenders Texas specialize in hard money, asset based loans. These are short term loans designed to get cash into your hands quickly for a short term fix and flip project.

The first step to being the first in line to get approved for one of these loans is to so a deep, penetrating interest in the project. Let them know you’re not just in it for the money. You don’t want to just renovate an old nursing home, you want to give it a modern feel and make sure the community at large is prepared for such a great benefit to the area.

SHOWING THIS KIND OF ENTHUSIASM SHOWS PRIVATE MONEY LENDERS ARIZONA THAT YOU’RE COMMITTED TO THE PROJECT AND WILL SEE IT ALL THE WAY THROUGH.

And if it appears to be some kind of charitable act that will make the world at large a better place, they’ll be all the more ready to join your team and fund your project. After all, everyone loves to feel like they’re doing some good in the world.

Also, don’t forget to do a little homework. Make sure you know the potential property inside and out, including but not limited to talking to contractors and getting estimates on costs and repairs. You’ll really show them what it’s all about if you’re passionate and knowledgeable.

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

3 Facts You NEED to Know About Private Money Lenders Texas!

The economy has made traditional lenders a little worried about your credit score. Many real estate investors are finding themselves unable to purchase investment properties due to a bad credit score or unfavorable debt to income ratio. If you find yourself in this situation, you are not alone. That’s why Texas hard money loans made by private money lenders Texas are among the best ways to get started flipping that house today, even when you don’t have the credit you once had. With Texas Hard Money loans, you actually don’t need to have perfect or even good credit. Take a look at this three facts you might not have known about private money lenders Texas. 

1. Like we said above, with private money lenders Texas, don’t worry about your credit score. Your lender sure isn’t! Instead of worrying about your credit score, start worrying about what you’re going to do with the house you want to flip! Really, lenders are more concerned about the property you are borrowing against and whether or not you are going to repay the loan, but they judge that based on character. This loan really has nothing to do with your FICO score, so stop worrying about it.
2. You have to be realistic with private money lenders Texas. Why? Because this is a loan, not a gift. Really be honest about how long you think your home renovation project is going to take and be up front with your lender. For example, do not say you will only take a month if you know it will take three. That would be bad faith and give you a bad reputation. Plus it could end up costing you a lot extra in interest and penalties. Give yourself enough time to pay the loan off. If you find that your project is taking longer than you anticipated, ask for an extension on your hard money loan. 
3. One last tip is that hard money loans really aren’t as expensive as you think they are. This is especially true if you can make your turn around time on your home investment quickly. The loan does carry a higher interest rate, but it is meant to be a short term investment that can help you and your lender make money fast. It is a win-win solution. 

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

Make Your Dreams Come True With Private Money Lenders Texas!

To be honest, your options for loans are more limited now and this goes double for people who don’t have great credit. It means that if you want to rehab the home of your dreams, you have to start thinking about private money lenders Texas.

Private money lenders Texas are for the average investor looking for a property with very little money but a very big dream. If you have the drive to do what it takes to get the job done, then hard money lenders Texas is what you need to start looking into so you can get started sooner rather than later.

Banks have new regulations that make it harder to get the money you need to turn the property that you want. The banks that used to give out the money needed to make your dream a reality aren’t in the business of trusting people anymore, and frankly, who can really blame them? The financial landscape has changed for the worse drastically. That doesn’t mean that people with a solid foundation for hard work don’t exist, however. But their credit scores might not be what they ought. That’s what makes it difficult. That’s why Arizona hard money exists.

Let Texas hard money help you get back the dream. You don’t need a fantastic credit score when you ask to invest with private money lenders Texas. All you need is great character and drive. Texas hard money exists to give you another chance in this market where a lot of people are really struggling to make ends meet. Private money lenders Texas really want to see you succeed. We, additionally, cut out the difficult paper work and the long wait for your money, so you can get started on your dream faster. Texas hard money lets you begin creating your beautiful home almost immediately. Don’t hesitate to look into Texas hard money.

Private money lenders Texas will work with you to purchase your dream investment property. Stop letting banks win. Use your money to make money and 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

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

A Texas Hard Money Loan is the Right Choice for Auctions!

It used to be so easy to get a bank loan whenever you wanted to flip the house you’ve had your eye on or to create the home of your dreams. It’s not like that anymore though. Loans, the traditional kind at least, are difficult to get your hands on depending on the kind of credit you have.

You really don’t have to be frustrated or scared to get a loan different from the traditional loan. Think about getting an Texas hard money loan, an alternative to the traditional bank loan that is easier to receive and that means you get to start working on your project sooner rather than later.

Private money lenders Texas might be the best thing for your project. You can get a jump start on it since the processing time is fast and you don’t have to worry at all about your credit score. That’s not what an Texas hard money loan is looking at- instead, your property is evaluated and the money you get is based off of that number.

We know the economy is a challenging road to travel, that’s why hard money lenders Arizona wants to help you get your Texas hard money loan. We think that you should throw out everything you think about a hard money loan and consider getting what you want and what you need to perfect your home or flip a property.

Remember that this is still a loan, however, so it is important to keep track of your finances and to be fiscally responsible for the money that you take out when getting a loan from hard money lenders Texas. This is an exciting time and a tremendous opportunity. Get on the fast track now! It could change your entire life.

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

How to Get the Most Bang For Your Buck: Texas Hard Money vs. Traditional Loans

hard money lender Texas

If you have noticed lately that traditional bank loans are getting more and more difficult to get when it comes to your real estate needs, then you aren’t alone. In fact, based on paperwork alone, you’re looking at a lot of time wasted. It might be worth your time to look into Texas hard money loans for the real estate investor.

This might seem confusing. Most people don’t even know that you can get a loan without a bank, but with Texas hard money loans, you absolutely can. And the amount of paperwork you don’t have to do will absolutely stun you. Banks made a huge mess out there, giving loans to people who shouldn’t have them and now they are really cracking down and making it really difficult to get a loan if your credit isn’t in tip-top shape and that’s where Texas hard money loans come in.

No longer will you have to jump when the bank says jump, instead you can have the money you need right when you need it. Consider the types of Texas hard money loans that you can get. You have Private money lender Texas or you have hard money lender Texas. Both can help you make the payment you need to get the property that you want. Whether you are looking to fix up a property or you are looking to put some money down before someone else buys the property, Texas hard money can help you get the money that you need. You won’t even have to prove your credit score. Your private money lender Texas or hard money lender Texas doesn’t mind what it is. Your credit score has nothing to do with the property you want the money for. Take the time to think about getting Texas hard money for your next investment.

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

How to Take Advantage of Hard Money Lenders in Texas and Get a Loan Today!

Get big money through hard money lenders in Texas.

If you are one of the thousands of Americans who are struggling to make payments for your mortgage, don’t stress too much. It’s not your fault, tragedies occur unexpectedly and often times at the wrong time. However, there is good news for you. You can attain a loan of money to help you get back on your feet through hard money lenders in Texas. There are many lenders in Texas that are waiting to hear from you! They understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

Allow me to give you a brief definition of what hard money or “private money” is. This type of loan is derived from private sources such as investor's personal funds, pension plans, and other non-traditional sources. The best thing about hard money lenders in Texas is that they don’t base your qualifications of getting a loan by your credit score/history, but by the value of your equity.

Take advantage of hard money lenders in Texas and apply today for a loan.

Trust me, if you are going through financial difficulties, there is light at the end of the tunnel. You must never give up and hard money lenders in Texas won’t let you give up. The process of being approved for a loan is rather simple. Just make sure to have your financial records handy. All you have to do is the following:

1-      Call a hard money lender in your local area and explain to them your intentions.

2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Texas are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

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

Get the Right Help When You Need it With Texas Hard Money

Texas hard money

Everyone knows that the housing market is still only 30 percent of what it was in 2006 and this fact is heavily influenced by the 23 million potential workers being unemployed, a drop in household income, personal net worth, and an uncertain future for even those who are lucky enough to be employed.

These uncertain times can have people worried, but the good news is the housing market is not a boom- it is recovering- slowly- but it is recovering. And because it is recovering slowly, it is recovering well. This means the recovery will be more effective and offer better incentives to encourage a broader ‘credit net’ for borrowers who have good jobs, but have margin credit. The issue isn’t availability of loan programs, there are plenty of those. What it is about is about the availability of loans programs to those who can actually qualify for them. One program that many potential buyers and investors don't even know about is a Texas hard money loan. 

There is some tough credit criteria that people have to live up to, and that’s suppressing home ownership. While this could be fixed with a proper understanding of the mortgage/banking industries, it simply is not happening. For example, a Texas hard money loan is one way for borrowers with less than stellar credit to get liquid cash to purchase or remodel a home. 

Over-regulation or forcing banks to accommodate this is not going to yield the intended results and right now, forty percent of borrowers cannot get loans since the average consumer has a FICO of a 640 while the average FICO of the closed loan in October was 762.

As you can see, this is a significant number disparity between what the market is demanding and what the actual numbers seem to be.  Clearly, home ownership is in the best interest of all consumers at proportionate levels of income, versus what the market will actually offer.

While it is true that the FHA has done an effective job in providing broader opportunities, it can be said that there are still significant fiscal problems at FHA that will require a tax payer bailout to address a $16.3 billion deficit. As one can expect, this will require a federal bailout and rather than a private sector solution, the spiral will unfortunately continue with further Federal oversight and involvement in an already heavily regulated industry. One way around too much federal oversight is to utilize private lending programs like Texas hard money loans and private lenders. If this sounds like a good option for you, call me today to get the process started. 

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