Texas Hard Money Loans Are There When YOU Need Them!

Hard Money Loan Texas

If you are trying to renovate your home, but you don’t have the credit you need for a traditional bank loan, you can stop worrying. Texas hard money loans from a reputable private lender are all you need to start working on the home of your dreams right away.

If you’re curious, Texas hard money loans are the best thing out there right now for people hit hard by the economic downfall and who don’t have the credit score of their dreams, but definitely found the property they want to renovate.

Texas hard money loans are funded by Texas hard money lenders and are based on the merit of the property as an investment, not the credit of the borrower. This makes them ideal for anyone who may have bad credit due to the economic downturn or any other factors. 

You no longer need to give out your entire bank history. Now, without any credit, you can have money in your hand and you can start renovations on your home almost immediately.

Your Texas hard money lender believes that just because you had sour luck in the market, it doesn’t mean all your sweet dreams should be completely dashed. With a hard money Texas loan, you will see that you can still have everything that you wanted- and much faster than your traditional bank loan.

A Texas hard money loan is a convenient way to spruce up your house or property without the stress and agonizing that one has to do over a traditional loan from the bank where credit scores are checked and paperwork takes forever.

We know that you’ll be happy that as soon as you qualify for your Texas hard money loan, you are that much closer to becoming the owner of the property you always wanted.

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

Calling ALL Investors: Get a Texas Hard Money Loan Today!

Texas Hard Money

Bank loans can be frustrating and take forever to get your hands on. By this point, we’ve all seen that. Have you considered a Texas Hard money loan? If you are working on a fix and flip investment property, maybe it is time that you do.

Your Texas hard money loan will come to you so much faster than a traditional bank loan; just get the property appraised and sign the papers and you’ll be ready to start your project in no time. You also don’t have to worry about your credit when it comes to a Texas hard money loan. Why? Because hard money loans are actually based on the value of the property you are wanting to flip, renovate, or fix up. Never your credit. In fact, you don’t have to worry about your credit at all with a Texas hard money loan.  

One important fact to keep in mind, is that hard money loans have higher interest rates. They are a greater risk for the lender because they are short term, high risk, high reward loans. However, while an Texas hard money  loan happens to be more expensive than your traditional loan, the flip side of that is that you get your loan really fast. You can start almost as quickly as you begin the paperwork. Also, hard money loans are designed to help you fix up and flip a property quickly so the higher interest is usually negligible because you are paying off the loan quickly. 

Your Texas hard money loan should be able to take some stress off of you. They are definitely better and less stressful than your traditional bank loans, especially since the economy hasn’t really been superb for people’s finances lately. What do banks expect people to do?

Now with your Texas hard money loan, you don’t have to worry about that anymore. Get the loan you need when you need it and start working right away.

No need to give the bank your entire financial history and no need to be embarrassed! You don’t have to be with a Texas hard money loan. Now you can have money in your hand almost instantly and a beautiful new home soon after from Level 4 Funding, a Texas hard money lender.

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 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

Things to Consider When Flipping a Home With Texas Hard Money: Curb Appeal

Texas Hard Money - Curb Appeal is key for home flipping.

A huge aspect to consider when flipping a home is curb appeal — the outside of the house. You might need to paint, landscape and fix up the driveway, which adds to the budget. If you’ve bought in a pricey neighborhood, mowing the lawn and repairing the fence may not be enough — there could be homeowners’ association fees. In up-and-coming neighborhoods, you might have to budget for security measures. once you have your budget, and your Texas Hard Money loan you can choose your spot to buy your home.  Once you’ve decided on what kind of house to flip — new construction, a fixer-upper or a foreclosure — you need to figure out the neighborhood.

Don’t skimp on the research here. Make sure you really investigate the area — drive around during the day and at night, check recent sale prices and find out if any other flippers are sitting on empty houses.  If you’ve decided to flip a new home, your options are somewhat limited to what’s being built in the area — typically in housing developments. Some communities also have restrictions on buyers, requiring them to live in the house so the community doesn’t end up a ghost town. Make sure you do your research because you can bet that the lender giving you your Texas hard money loan will. 

IF YOU’VE OPTED TO BUY A HOME IN FORECLOSURE, YOU’LL BE BUYING FROM A LENDER — FORECLOSED HOMES ARE ALSO KNOWN AS REOS, OR REAL ESTATE OWNED BY THE LENDER. PURCHASING AN REO IS A LENGTHY PROCESS, TYPICALLY SIX TO EIGHT MONTHS. THIS IS BECAUSE FOR A BANK TO FORECLOSE ON A HOME, IT MUST FILE COURT PAPERS AGAINST THE HOMEOWNER, WHICH TAKES AWHILE. IF IT’S AN AUCTION, YOU’RE RULED BY THAT TIMETABLE. AND BECAUSE THE HOME IS SOLD “AS IS,” BANKS MIGHT NOT BE AS WILLING TO HAND OUT A LOAN.  IN THIS CASE DEFINITELY FIND  TEXAS HARD MONEY, BECAUSE THEY WILL HAND OUT A LOAN FOR A PROPERtY THAT NEED RENOVATIONS AND WORK.  

IF YOU’RE DETERMINED TO BUY A HOUSE IN FORECLOSURE, THERE ARE PLENTY OF WEB SITES THAT LIST REO HOUSES, OFTEN FOR A FEE. AND MANY LENDERS, LIKE FANNIE MAE, LIST THE HOMES THEY HAVE IN FORECLOSURE. A WARNING HERE: MANY OF THESE SITES WILL LET YOU SEARCH FOR HOMES ANYWHERE IN THE COUNTRY, BUT EXPERTS AGREE THAT ONE OF THE BIGGEST MISTAKES FLIPPERS MAKE IS BUYING A HOUSE SIGHT-UNSEEN. THE PHOTO OF THE HOUSE MAY BE PRETTY, BUT THERE’S NO WAY TO GUARANTEE ANYTHING ELSE. IT DOESN’T GIVE YOU ANY CLUES ABOUT THE NEIGHBORHOOD, AND THERE’S NO WAY OF KNOWING HOW OLD THE PICTURE IS.

Once you have chosen a home, getting your Texas hard money loan is easy! Call us today to start the process. And once you are approved and ready to begin renovations, make sure to pay attention to curb appeal. Many buyers are sold on a home before they even walk through the door!

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 Stick To Your Reno Budget with Texas Hard Money Loans

How to Keep your budget when flipping homes with Texas hard money

Budgets can balloon quickly on fixer-uppers. If you decide to invest in one, you need a high tolerance for risk, an exit strategy, and an Texas Hard Money loan to help you cover costs. This is the consensus from most home remodeling experts; You can make more money on a really cheap house that you turn into a nice house than a nice house that you turn into a premium house. All those expensive upgrades don’t offer nearly as much return on your investment as fixing a cracked foundation does. For most people, this means hiring workers, or having a lot of help.  The more people you get involved, the more coordination is required. You’ll have to keep very close tabs on plumbers, electricians and handymen — or hire a general contractor (which means a big increase in your budget).  Think local. If you’re remodeling a house in Massachusetts, use clapboard, not adobe bricks. The closer to home you stick for materials, the more experts you’ll be able to find to help you install them.  Don’t overestimate your work. Sure, that paint job looks nice, but is it really worth a $20,000 markup on the property?

OVERPRICING YOUR PROPERTY COULD JUST LEAVE YOU WITH A HOUSE THAT PEOPLE ARE WARY OF BECAUSE IT’S BEEN ON THE MARKET TOO LONG AND WITH A TEXAS HARD MONEY LOAN IT IS KEY TO SELL THE PROPERTY QUICKLY SINCE YOU DON’T WANT TO PAY THE INTEREST ON YOUR HIGH INTEREST LOAN.

Don’t get ahead of yourself. First-time flippers may see dollar signs when they think about buying multiple properties, but problems can quickly turn into bankruptcy if you’re using one house’s equity to pay for another’s repairs. Plus, each home requires attention, and unless you’re quitting your day job — which the experts also don’t recommend for newbies — you will probably have plenty to do for one house without thinking about your next flip.  However long you think the renovation will take and whatever you estimate it will cost, just understand that it will probably be much costlier and more time-consuming.  Nearly every upgrade you skimp on will haunt you, re-modelers warn. From cheap carpet to cheap electricians, quality of workmanship is something that flippers cannot fake in a softening market.

If you do your research and choose your Texas hard money lender wisely, a fix and flip property can be your ticket into real estate investing. Although there are ups and downs in the real estate market, it is has historically been a sound investment and a great way to build your wealth. 

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