Texas Hard Money Lender

Monday, November 16, 2015

5 Tips for Investing in Real Estate from Texas Hard Money Lenders

For the novice investor, buying property as an investment can seem overwhelming. However, Texas hard money lenders can make the process quick, simple, and painless.

When you are buying an investment property for the first time, there is an overwhelming amount of information and things to do. Showings, closing, mortgages, fixing the property up, selling it, dealing with taxes, not to mention setbacks that may happen along the way. This can make you want to throw your hands up in the air and give up before you even begin. However, Texas hard money lenders can tell you, even though the process seems impossible, it's not. Breaking it down into a few easy steps with tips from experts along the way can make it seem more manageable and will have you making money in no time!

Here are 5 tips for real estate investing from Texas hard money lenders

Find the right property. For your first investment, you may want to stay close to home or at least choose an area that you know well. This will make choosing a great location and knowing approximate home values easier. Some investors use a realtor for this but keep in mind that you may be able to make a stronger offer if the seller doesn't have to subtract realtor fees from the purchase price.
Find the right lender. Once you have found a property you are interested in, find the right Texas hard money lenders. Your hard money Texas lender will help you finance the property with cash. This makes your offer stronger and can usually get you a better deal.
Go with the flow. There will be set backs and unforeseen issues. Expect the unexpected.
Create a realistic timeline and budget, but know that they will both need to be flexible. If you are rehabbing a property, you will most likely spend more time and money than you anticipated. Knowing this can happen will make it less stressful. If you need an extension on your hard money Texas loan, make sure to ask your lender for you. He wants to see you succeed so he will most likely say yes to a reasonable request.
Price the home to sell quickly. Don't overprice the home because the longer it takes to sell, the more interest you will pay. A good price and great home improvements will make the home sell quickly and make you the most money.

If real estate investing sounds like the right fit you, call Texas hard money lenders today!

They can help you get started on the road to real estate investing and help you maximize your time and 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

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.

How to Quit Your Day Job with Hard Money Loans Texas

If you are tired of the daily grind, it may be time to get out of the rat race for good. With hard money loans Texas you can make full time money as a real estate investor. You get to set your own hours, be your own boss, and have more control over your work life.

If hanging out at the water cooler and discussing the office gossip over coffee while you make less than you're worth is becoming old, it may be time to look into hard money loans Texas. Texas hard money loans are a specific type of collateral based real estate loan that can help almost anyone get started in real estate investing. Real estate investing can help you make money and get you out of the office, for good. If this sounds like the job for you, keep reading to learn more about how hard money loans Texas work and how you can use them to your advantage.

Texas hard money loans are cash loans given by private investors and investor groups. They are based on the potential value of the property you want to buy as an investment. You can usually borrower up to 80% of the property's value and you can use other property you own (like your home or another real estate investment) as collateral to borrow more than 100% of the investment property purchase price. This is great news for you because it means that with hard money loans Texas there is little to no money coming out of your pocket.

You can use hard money loans Texas to buy a fix and flip or other short term investment property. You can also use them as a short term bridge loan to help make up for capital that you are expecting soon. Really, the possibilities are limitless, unlike that cubicle job you have right now.

So, what are you waiting for? Get started with hard money loans Texas today!

Learn the ins and outs of Texas hard money by calling us at Level 4 Funding. We can walk you through the process and help you on your journey to building your real estate empire. Who knows, you may be the next Donald Trump.

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

Tips from Hard Money Lenders Texas: What Makes a Great Real Estate Investment

Hard money lenders Texas know that not all real estate investment properties are created equal. There are some features that make certain properties better investments with a higher potential for earning large profits.

If you are interested in real estate investing, the first thing you need to do is find hard money lenders Texas to help you with your loan. Once you have found a lender you trust, it's time to start searching for a property to invest in. Whether this is your first investment property or your 50th, there are a few things you need to keep in mind as you find the perfect property to invest in.

Choose your location wisely. You can change most things about a property, but you can't change the location (unless it is a mobile home which I don't recommend as an investment property). If you buy a home in a bad neighborhood, it doesn't matter what you do to make it nice, you will not be able to sell it for as much as a comparable home in a sought after area. Do your research on neighborhoods, schools, and even streets to find a house in a desirable location.
Don't take on too much. If you are planning to do a fix and flip with your Texas hard money loan from your hard money lenders Texas, don't bite off more than you can chew. If you don't have the budget to fix the roof, HVAC system, and replace all the windows, choose a home with less work to do.
Don't offer list price. Always negotiate. With your hard money loan from hard money lenders Texas, you will be able to buy the property with cash. This makes your offer much stronger than a credit offer so you have some room to negotiate price. Use this to your advantage.
Have the home inspected. Chances are you will be buying a foreclosure or auction property and it will be sold as is. However, you should still have the home inspected to make sure that no unforeseen issues come up. This will help you stay within your budget and timeline.

Once you have chosen your property, make sure to complete your renovations in a timely manner and stay as close to budget as possible. Use your Texas hard money loan to fix up the property quickly and sell it for top dollar. Once you have paid back your Texas hard money lenders, the rest of the profit is your to keep.

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

Hard Money Lenders in Texas Can Help You Make Money!

If you are interested in making extra money by investing in real estate or even making real estate investing a full time career, hard money lenders in Texas are here to help. Finding the right lender who will work with you can help you make your dreams come true.

Real estate investing is a great way to earn extra cash and it can even become a full time job if you are motivated and find the right hard money lenders in Texas. If you have an eye for property renovation and a passion for flipping homes, look no further than a hard money loan to help purchase, fix, flip, and profit from investment properties.

A hard money loan is a specialized, asset based loan that is given by hard money lenders in Texas. It is a privately funded loan that is backed by investor capital, whether it be a single investor or an investment team.

There are several advantages to hard money loans. One of the most appeal for property flippers is that there is a relatively short wait time. You hard money lenders in Texas can get your paper work done, approval fast tracked, and money to you in less than two weeks. You can also usually borrow a significant amount of the purchase price and you can use other assets as collateral to borrow up to 100% of the purchase price.

In addition, hard money lenders in Texas don't go over your finances or credit with a fine tooth comb. The loan is based on the merit of the investment, not your personal net worth or FICO score. This means that even if you have had bad luck in the past, you can still get the Texas hard money loan that you need.

Once you have your loan in hand you can start fixing up a home and flip it for a profit. Be careful though, you may find that using Texas hard money to rehab and sell homes is addicting!

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

Thursday, November 12, 2015

Hard Money Texas and You: How to Make Your Dreams Come True in 6 easy steps!

If you have bad credit and want to invest in real estate, hard money Texas might be a good loan option for you. Knowing what to expect from the hard money loans Texas process will make your more prepared and give you the tools you need to get money in your pocket!

Hard money loans Texas are loans that are based on the value of real estate that you want to purchase, not personal finances or credit scores. This makes them ideal for borrowers who may not have perfect credit or have a high debt to income ratio due to owning a business or other properties. Hard money loans are usually given to borrowers to finance investment opportunities and are funding by private lenders, rather than banks. If you have less than perfect credit or are looking for cash fast, hard money Texas may be the perfect option for you.

If you want to qualify for a hard money Texas loan, here are 6 steps to help make the process less overwhelming and easier to navigate.

1. Find hard money lenders in Texas. Make sure to research your lender to ensure that they have a good reputation with investors and will be honest. Ask lots of questions to make sure that you feel completely comfortable with your hard money lender.

2. Find a property. Find a property that you want to use hard money Texas to invest in. Make sure to do your due diligence as far as having the property inspected and appraised.

3. Come up with a timeline. Make a timeline for repairs and selling the property.

4. Create a budget. You need to know exactly how much the property will cost compared to what you expect to earn on it. Make a detailed budget and give yourself a little wiggle room. Make sure to budget for interest on your loan and about 10% extra for unexpected repairs.

5. Stay in contact with your lender. Make sure to update your lender about the repairs and any delays. Communication is key.

6. Pay back the loan. Once you sell the property, pay your hard money Texas loan back to your lender. Any extra is your profit.

BONUS STEP: Have fun deciding how to best spend your hard earned cash. A new investment? Maybe a treat for yourself? The possibilities are endless.

Stop making excuses and call a hard money lender in Texas 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

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

How To Use Hard Money Loans Texas for Commercial Real Estate

Hard money loans Texas can be very beneficial for investors who are purchasing residential real estate properties like fix and flips or vacation rentals. However, hard money loans are also a great tool for commercial real estate investors. Read more to learn how you can use hard money loans Texas for your next commercial transaction.

If you are a real estate investor, you have probably heard of hard money loans. Hard money loans are asset based loans that are secured by real property, the investment property you are purchasing. They are short term loans and are given by an investment company or private mortgage firm.

When you get a hard money loans through Texas hard money lenders, there are a few things you need to be aware of. Firstly, the loan process will be quick and have less paperwork than a bank loan. You can usually get your money in about two weeks, sometimes less depending on the lender. Secondly, the Loan to Value or LTV ratio will differ by lender as will interest rates so make sure you shop around to choose the best Texas hard money lender. Finally, you will be charged a higher interest rate on this short term loan because it is riskier for the lender. If you can sell the property quickly enough this won't matter and both you and your Texas hard money lender can make quite a bit of money.

You hear a lot about hard money loans Texas with regards to residential loans and auction purchases. You may not even know that they are also an option for commercial real estate investments. I am here to tell you, they are.

Hard Money Loans Texas are Here for You!

If you want to invest in a commercial property, you can still get a hard money loan funded by Texas hard money lenders. A commercial hard money loan is very similar to other hard money loans Texas in the way that they are financed and based on assets versus credit scores. The major differences have to do with federal regulations. There are less regulations for commercial loans so you want to make sure you find a Texas hard money lender who has done commercial loans before and is trustworthy. A mortgage broker is may be a better choice than an investor in this case because a broker at least has some verifiable qualifications.

When you are getting commercial hard money loans Texas, be aware that you may be paying a higher interest rate, so treat it like a short term loan, similar to a bridge loan. Paying off the loan quickly will help maximize your profit and keep you from overspending on interest payments.

If commercial hard money loans sound like what you need, get started today!

Don't delay. Call our office today to get started on your commercial hard money loan!

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

Let's Get Technical: How to Cross Collateralize with Hard Money Lenders Texas!

Most hard money loans will only lend a percentage of the value of an investment property. Some investors may need more, if you find this to be you, ask your hard money lenders Texas about how you can cross collateralize with other assets to maximize your borrowing potential.

When you get a hard money loans through hard money lenders Texas, there are a few things you need to be aware of. Firstly, the loan process will be quick and have less paperwork than a bank loan. You can usually get your money in about two weeks, sometimes less depending on the lender. Secondly, the Loan to Value or LTV ratio will differ by lender as will interest rates so make sure you shop around to choose the best Texas hard money lender. Finally, you will be charged a higher interest rate on this short term loan because it is riskier for the lender. If you can sell the property quickly enough this won't matter and both you and your Texas hard money lender can make quite a bit of money.

If you are looking to purchase an investment property like a fix and flip, or rental property and have been denied a loan from a bank, don't give up hope just yet. With hard money lenders Texas you can probably still get the loan you need with less hassle and paperwork than a traditional mortgage. Texas hard money lenders base your loans on your assets and investment potential, rather than many traditional qualifiers like debt to income ratio or credit score.

However, while getting loan is usually easy, you need to keep in mind that most lenders will only loan a percentage of the property's value. The loan to value ratio, or LTV, is usually between 65 to 75 percent of the purchase price. So, if you want to buy a property for $200,000 you can expect to get a hard money loan for between $130,000 and $150,000. This means that you will need to have anywhere between 50 and 70 grand of liquid cash to invest in the property.

But, What if I Don't Have That Kind of Cash in The Bank?

You may be asking yourself if it is still even possible to purchase a fix and flip or investment property without having a big chunk of cash saved up. Well, with hard money lenders Texas, it is. If you need to borrow more than the LTV of the property, ask your Texas hard money lender about cross collateralizing the loan.

Basically, this means that you would use other assets or properties you own to make up for the difference in the LTV and what you need to borrow. So if your lender would give you $170,000 in a hard money loan, you could use another investment property or even your personal home to secure the remaining $30,000 that you need. This is most common in commercial hard money loans, but many hard money lenders Texas will also consider it for residential investments as well, for the right borrower.

Don't let a LTV ratio stand in your way!

Call hard money lenders Texas today to make all of 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

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