Texas Hard Money Lender: hard money lenders in texas

Showing posts with label hard money lenders in texas. Show all posts

Friday, January 22, 2016

How to Become a Landlord with Hard Money Lenders in Texas

Being a landlord can be a very lucrative business if you are driven, have some handyman skills, and like working with people. With hard money lenders in Texas 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 hard money lenders in Texas.

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 hard money lenders in Texas 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. This is especially true if you are purchasing an auction or foreclosure property.

Before you take the plunge and become a landlord, you need to make sure that it will be a good fit for your lifestyle and goals. Being a landlord usually means being on-call almost 24-7. Unless you own several properties and can afford managers and maintenance companies, most of the work will fall on your shoulders. It is also helpful if you have some basic home repair skills or have connections to get maintenance for cheap. Once you have decided that being a landlord is the right choice, Texas hard money lenders can help make your dreams come true.

3 Ways Texas Hard Money Lenders Can Lend A Helping Hand

If becoming a landlord using loans from hard money lenders in Texas 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 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.

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 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.

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

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.

Tuesday, January 19, 2016

Top 3 Fix and Flip Projects According to Texas Hard Money Lenders

If you are a real estate investor, you know that Texas hard money lenders are a great resources for your hard money loan to purchase and rehab a fix and flip property. In addition to providing hard money loans, Texas hard money lenders also know a thing or two about property renovations.

For many first-time flippers, the process of renovating a home can be overwhelming. If you find yourself not knowing where to start, it can be easy to over-improve a home. While this many not sound like a big deal, it is. If you over spend on renovations, you run the risk of putting more money into the home than you will be able to get when you sell it.

If you are unsure what renovations will help you make money and which to skip, you need to consult the experts. Texas hard money lenders have given a lot of hard money loans on fix and flip houses and seen many success stories, as well as failures. As a result, they know where you should splurge and what projects you may want to skip.

Top 3 Projects That Will Earn Top Dollar, According to Texas Hard Money Lenders

Based on their experience with fix and flip investment projects, here are the top three money making renovations, according to top Texas hard money lenders:

1. Flooring: If you purchase a fix and flip property, chances are that the floors will be in bad shape. Stained carpet, burned or scratched hardwoods, or even carpet that has been completely removed and sold as scrap. Buyers do not want to purchase a home with tattered, worn, or missing flooring. Durable laminate and higher end carpet are great options that are budget friendly. If the home is in a particularly prestigious neighborhood, you may want to look into springing for hardwood or tile.

2. Kitchens. A kitchen will really help sell your home. If the kitchen is dated, spruce it up with new paint, appliances and counter tops. You can look into quartz options to help save money.

3. Major structural issues. If you purchase a home and find that it needs a new roof or has foundation issues, these will make it impossible to sell. Make sure that you budget for any major issues that may come up during your renovation. Texas hard money lenders know that structural improvements are a must if you want your home to sell for top dollar.

Once you have decided to purchase your fist fix and flip, make sure to find Texas hard money lenders that will lend a helping hand.

Call the experts at Level 4 Funding to get your renovation project started and make money 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.

Thursday, January 14, 2016

How to Avoid Foreclosure with Texas Hard Money Lenders

If you find yourself in the position of being foreclosed on by the bank, you may feel the situation is hopeless. However, with alternative funding solutions provided by Texas hard money lenders, you may be able to delay foreclosure long enough to sell your property and keep your credit score intact.

While not the death sentence that it used to be, a foreclosure is still a major red mark on your credit history. Having a foreclosure can make it difficult to purchase a new home and cause lots of other credit related problems. Foreclosure can happen for a number of reasons. The loss of a job, divorce, or simply needing to move for work or family obligations. In many cases, the borrowers being foreclosed on are otherwise credit worthy and pay back their financial obligations.

If you find yourself getting behind on your mortgage payments for any reason, it is possible to delay or avoid foreclosure altogether with Texas hard money lenders and hard money loans. Hard money loans are cash loans that would be backed by the value in your home. You can use the money to make mortgage payments while you buy yourself extra time to sell your house, rather than have the bank foreclose on it.

In order to get a hard money loan, you need to first contact Texas hard money lenders. A lender will look over the value of your home compared to what you owe and help you get a cash loan based on this number. The great news here is that Texas hard money lenders don't evaluate your credit score, so a few late payments won't make a difference. Once you have the cash in hand, you can use it to help delay the foreclosure process and put your home on the market. You can also opt for an interest only loan, meaning that you only pay interest on the loan for a set term which gives you more money in your pocket instead of it all going out in monthly payments.

Keep in mind that your hard money loan will have a higher interest rate than most home loans. However, if you price your home to sell and use some of the funds to fix and major issues, your home should sell quickly, allowing you to pay back your loan to the bank as well as to your Texas hard money lenders. The faster you can pay the loan back, the less interest you will pay in the long run.

While taking out an additional loan is not always ideal, it may be your only option if you want to avoid the bank foreclosing on your property. Contact a hard money lender to determine if a hard money bridge loan is a good option for you.

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 are There When You Need Them

When you are a real estate investors, whether novice or experienced or something in between, a lot can go wrong. In an uncertain business, hard money lenders in Texas are there to lend a helping hand when you need them most.

If you invest in real estate, you know that nothing is a sure thing. If you purchase a fix and flip, no matter how great of shape it appears to be in, you are guaranteed to find something that you did not budget for. Renovation projects can have hidden costs and your budget and timeline can quickly get out of control. However, you don't need to despair or lose everything if this situation should arise. Simply look to hard money lenders in Texas to help with your financial woes and help you turn a money pit into a lucrative investment.

3 Ways Hard Money Lenders in Texas Can Lend a Helping Hand

Hard money lenders in Texas can be your greatest asset as a real estate investor in Texas. Here are a few ways that hard money lenders can help you when you need them most.

1. Getting an initial loan. Most financial experts and hard money lenders in Texas will agree, a hard money loan is one of the best option for real estate investors, especially when you are looking to purchase a fix and flip home. Hard money loans can be used to purchase a variety of property types and they are cash loans with quick approval and funding times. In addition, the terms are often flexible and you can re-negotiate with your lender as you go.

2. Contact your lender if things go wrong. Your hard money lender can help you if your timeline goes off track. Hard money loans have flexible terms that can be extended if you need them to be. This is a great feature if you find that a major repair comes up that will require a longer timeline to fix. Talk to your lender about extending your loan so you can get the project done right.

3. Flexible repayment options. With a high loan to value ratio and flexible repayment options including interest only, hard money loans can help your budget flex to accommodate unexpected expenses. You can also use other properties to cross collateralize and get extra funds if you get into a really tight spot.

There are many ways that hard money lenders in Texas are there when you need them, contact a broker today to get started with hard money lending.

Hard money lending is one of the best ways to invest in real estate and is a great option for novice investors as well as experienced real estate moguls, and everyone in between. Once you have decided that you need a hard money loan, contact hard money lenders in Texas today to get your loan 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

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.

Wednesday, January 13, 2016

What Are Hard Money Loans Texas, and How do I Get One?

If you are a real estate investor, you need hard money loans Texas financial experts use themselves. Hard money loans are a little know but very effective financing strategy that can help you invest in real estate and make your dreams come true.

There is a well kept secret in the investment world, hard money loans Texas financial experts agree are a good option for many real estate investors. A hard money loan is an asset based loan that uses real estate that is intended for purchase as collateral for the loan. The money loaned is based on a variety of factors including the merit of the investment, potential to earn money, and the value of the property you are buying. Other factors like credit score or personal finances don't usually figure into the lender's decision to give out hard money loans Texas investors rely on to finance their real estate purchases.

While there are many, many benefits to hard money loans, Texas investors have often never heard of them. Hard money loans can be a great way to get financing if you need fast cash, or have some blips in your credit history. Approval time is fast and you can usually get your money the same day. This makes them an investors dream come true because you can use them to purchase auction properties and other properties that may require a quick decision or a cash only sale.

Once you have decided that a hard money loan is the best option for you, here are 3 things you need to know before you buy.

1. Hard money loans have a higher interest rate. Since approval times are so fast and the impact of your credit score is so low, hard money loans are a higher risk for the lender which means you pay a higher interest rate. However, it is important to keep in mind that hard money loans should be short term loans, which means the amount of interest you pay is negligible, even if the rate is higher.

2. Make sure you have a plan. While hard money loans are easy to get, they are not given out to anyone who walks through the door. Come to your lender with a property in mind and plan to make money, This will help ensure that you get your loan quickly and without any hassle.

3. Always have an exit strategy. This goes along with having a plan. Make sure you crunch your numbers to figure out exactly what you need to sell a property for to break even and to make a profit. Prepare for the worst case scenario so you don't end up losing it all.

Once you have decided that you need a hard money loan, call our experts at Level 4 Funding. We specialize in alternative financing methods for real estate investors and can help you choose the right loan product to fit your needs.

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 Flip a House: Take the Advice of Hard Money Lenders Texas Investors Trust

If you want to make money buying and selling homes, the best way to do it is to purchase and fix up homes that need a little TLC. However, you need to keep in mind a few tips from hard money lenders, Texas investors, and other financial professionals to ensure that you choose a lucrative project that helps you earn a profit.

If you turn on HGTV, shows like "Flip or Flop," and other home flipping shows make it appear that anyone with a brain and a large hammer can purchase, renovate, and sell a home for a profit. However, when you talk to the experts like hard money lenders, Texas realtors, and other real estate investors, it becomes apparent that there is more to making money on a fix and flip than those shows lead you to believe.

While a fix and flip property can be a great opportunity to make money, hard money lenders, Texas real estate agents, and fellow flippers want you to know the ins and outs of the fix and flip trade so you can maximize your profit and minimize your losses. Here are 3 tried and true tips to help you make money by rehabbing and selling a property.

1. Location, location, location. According to hard money lenders, Texas real estate experts, and other financial professionals, the location of your fix and flip cannot be stressed enough. most other issues can be fixed, but not the location. Choose a desirable area and your home will pretty much sell itself.

2. Don't over-improve. Make sure that you realize that you don't actually have to live in the property so you can make some compromises. Going with the most expensive upgrades usually means you will end up losing money.

3. Try to re-purpose rather than replace. If you can stain or paint the existing cabinets or move that hideous kitchen island to another location to become a built in desk, you will save money. The more you save, the smaller your chance of losing money.

Once you have decided on a fix and flip, it is time to choose a hard money lender, Texas realtor, and other real estate experts to purchase the home

A hard money lenders, Texas realtor, appraiser, and home inspector can work with you to make sure you get financing for a property and that it is a good value. You can also save time and ultimately money by making sure you don't overpay and that no hidden surprises come up during your renovation.

Call our office at Level 4 Funding today to get started on your hard money loan for your Texas fix and flip property. Our experts can help you get the money you need, 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.