Texas Hard Money Lender

Tuesday, November 24, 2015

How to Find Hard Money Loans Texas Investors Trust

Not all loans are the same and not all lenders offer the same terms. This is especially true for the hard money loans Texas investors rely on to buy and sell real estate. With varying loan to value ratios, interest rates, and loan terms, it is important to find the best hard money loan from a lender you can trust.

Many Texas real estate investors rely on hard money loans to finance their investment purchases. The hard money loans Texas investors use are asset based financing opportunities that are backed by real collateral, in most cases the property being purchased. Hard money loans are obtained through private hard money lenders rather than traditional banks.

There are several reasons that hard money loans are a go to loan for many investors. First and most importantly, hard money lenders can get you cash, fast. This is key if you are bidding at a property at an auction or purchasing a foreclosure, both of which are common for real estate investors. Secondly, the hard money loans Texas experts recommend are asset based, rather than based on your finances. Many investors own several properties that are in various stages of being purchased, renovated, and sold. While a property may ultimately represent a lucrative investment, owning too many at once can throw off your debt to income ratio. This makes getting a bank loan nearly impossible. However, hard money loans are still there when you need them.

Finding a Lender for Hard Money Loans Texas Experts Trust

If you have decided that a hard money loan is the loan for you, it is important to find the right lender and the right loan. Here are a few questions to ask and investigate before you sign on the dotted line.

1. What is the maximum loan to value ratio this lender will loan? For most reputable lenders, the hard money loans Texas investors count on will lend about 60 to 80 percent of the property value. If a lender offers a 100% loan, this may be a sign that they are counting on you to default. It does not automatically disqualify a lender, but it should make you leery and make you do some extra research.

2. What is the interest rate for the loan? Rates will vary from 7% to the double digits, so make sure you know exactly what you are paying.

3. What are the fees for the loan? Fees add up so make sure you know what to expect.

4. How long is the loan for and can it be renegotiated if I need it to? Real estate is unpredictable. Make sure you know the length of your loan and that you can extend the loan if you need to. A loan with a strict pay back date may put you in an uncomfortable position if you can't sell your investment quickly enough.

Once you've found a lender, it is time to getting started using the funds from your hard money loans Texas experts trust to make your real estate dreams come true!

Don't be afraid to ask for help if you need it, and remember, even though real estate investing is technically a job, it should also be fun!

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.

3 Ways Texas Hard Money Lenders Are Helping Investors Avoid Financial Pitfalls

The real estate investment market is a great way to make money and gain financial independence and freedom. But, it also has numerous pitfalls that can cause investors to lose everything. Learn how Texas hard money lenders can help you avoid financial ruin with good financial advice and quick hard money loans.

Real estate investors can gain financial freedom and get to be their own boss. However, HGTV, DIY Network, and numerous other "fix and flip" channels and shows have made people think that anyone can get involved in real estate investing. While it is true that real estate investing can be a great way to earn your income, it is not for everyone.

It is possible to make a great deal of money in the real estate market, but it is also important to keep in mind that it will fluctuate daily, sometimes even hourly. A slow market or bad investment can cause you to lose everything. It is impossible to get rid of this risk entirely, but with Texas hard money lenders, it is possible to risk less in the real estate investment game.

How to Avoid Real Estate Pitfalls With Texas Hard Money Lenders

If you are interested in learning more about real estate investing, the first thing you need to do is to look into Texas hard money lenders. Texas hard money lenders are specialized private money lenders who give asset based, cash loans for real estate investments. You can use hard money loans for a variety of purposes including rehab properties, rentals, and other real estate investments.

Perhaps what is most important about Texas hard money lenders is that they can help make real estate investing less risky. Here are three ways that Texas hard money lenders can help you risk less and gain more.

1. Fast loan approval. If you find yourself in a situation where you need cash fast, hard money lenders in Texas can help. You can get approval in a few hours and have your money in a few days to help make a mortgage payment or do a quick, necessary repair.

2. Short term bridge financing. You can use a hard money loan much like you would a bridge loan, to bridge the gap in money needing to go out vs. money coming in at a later date. Often this can be a matter of sink or swim for many real estate investors.

3. FICO scores and debt to income ratios don't matter. That's right, Texas hard money lenders can help you get money for investments, regardless of your personal financial situation.

If hard money loans sound like a good option for you, find Texas hard money lenders to get started today!

The sooner you call, the sooner you can make your investment dreams come true. Find the right lender to get your investment started or to help bail you out. You'll be glad you did.

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.

With Hard Money Lenders, Texas Investors Can Get the Money They Need

If you are a real estate investor, you have probably noticed that many banks are tightening their restrictions on who they will loan money to. This can be frustrating and affect you ability to make money, However, with hard money lenders, Texas real estate investors can still get the money they need, and usually get it pretty quickly.

The housing market is recovering as are most American families from the recent economic hardships that faced our country. However, it seems that no one has informed the banks. With tightened lending restrictions, more stringent credit requirements, and even less room for qualifications for candidates with alternative income sources, about 43% of Americans will find themselves unable to obtain a traditional bank mortgage. For the average family this is upsetting, for an investor it can be devastating as real estate loans can represent a major portion of their income.

But, for some investors there is still home. With hard money lenders, Texas investors can still get the money they need and they can usually get it pretty quickly. Like any loan or investment product there is still some risk involved and it is important that before they get involved with hard money lenders, Texas real estate investors know what kinds of loans they offer, interest rates, and what the risks are.

Types of Loans From Hard Money Lenders Texas Investors Can Take Advantage of

Hard money lenders are private investors or mortgage companies and they offer primarily what are called hard money loans. A hard money loan is a specialized type of asset based loan. The decision on whether to loan money is based on the merit of how the money will be used, not the individual credit score of the person who needs it, or any other personal financial details.

Qualification time for a hard money loan is fast, some investors can be qualified the same day and get their money in a few days, compared to several weeks with a bank. Also, another advantage of hard money lenders Texas investors appreciate is the streamlining of paperwork. There is much less paperwork with hard money loans which makes them more user friendly for investors who may get multiple loans at a time.

If hard money lenders Texas sound like a good option for you, learn more, including ways to risk less and profit more!

One of the main risks of a hard money loan is that the investment will fail. If you are a Texas real estate investor, knowing your area and having accurate appraisals can make this less likely. You will also pay higher interest rates on hard money loans. You can make this less of a financial burden by finishing your investment quickly and selling for a profit, or refinancing to a lower interest rate loan type.

While there are risks, many investors have found that hard money loans are just what they need to stay afloat in this restrictive loan environment. Find a hard money lender today to discuss the pros and cons for your unique situation.

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.

Saturday, November 21, 2015

Is House-Flipping with Hard Money Lenders in Texas a Successful Venture?

House flipping using funds from hard money lenders in Texas is still popular, but many people looking to get into the industry wonder whether it can still provide returns like it did in previous years. Not only is it a lucrative business, but it’s also growing, which means those who know how to do it well are seeing in excess of 50% ROI.

The industry saw a slight decline in the number of flipped homes that were selling earlier this year. However, when Realty Trac released the third quarter results, there was actually an 18% increase over last year. With the economy recovering, buyers are getting pickier about what they’ll accept in a home, and they’re looking for houses that are ready to be moved into. The number of flipped homes has remained relatively constant since the last have of 2009, and aside from a few quarterly blips, hasn’t changed much more than a small fraction of a percent in years.

What has changed, however, is the amount of profit rehabbers are bringing in. Although Realty Trac didn’t cover any Texas real estate markets, several regions throughout the country boasted an average profit of more than $200,000 per sale, and one area even topped $350,000 profit. In some of the more modest markets, house flippers received at least $40,000 per rehab project.

There is presently a perfect storm occurring in many markets across the country, which bodes well for rehabbers. Home values are on the rise, and people want turn-key homes. Hard money lenders in Texas have money ready to lend for these projects, though it’s worth noting that the number of homes that are ideal for fix and flip projects is shrinking.

Get Funds from Hard Money Lenders in Texas, Be Successful by Appealing to Your Buyers

Hard money lenders in Texas can give you the funds you need to do a home makeover, but if you want to get the most for the money, you need to identify who the buyers are in your particular market, and design the home for their tastes. This time around, Realty Trac focused on millennials and baby boomers who are buying homes, and noted how each group is looking for something very different in a new home. As you approach a new project, check out the demographics and see who inhabits the neighborhood. For instance, millennials tend to look for open floor plans and low-maintenance features. They’re also not into pricey details, so you can skip things like crown molding. Boomers, on the other hand, still appreciate the fine touches that make a house more elegant, though they’re also budget conscious and don’t want an overwhelming mortgage.

Competition is tough for rehab homes, and working with hard money lenders in Texas can help you gain an edge.

It’s clear that the profit is there, and that people in the business of flipping homes are getting amazing ROI right now. However, the diminished inventory makes it difficult to find the right home to renovate, and experienced rehabbers are jumping on them fast. When you have financing lined up with hard money lenders in Texas, sellers are more-likely to work with you because they know the transaction will be swift and easy for them. Be true to your buyers and make educated decisions- incredible profits are still being seen across the industry.

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

Using Swift Hard Money Loans, Texas House Flippers Reap Benefits

In the real estate industry, being able to act fast is essential to your success. Using hard money loans, Texas house flippers can move swiftly, to generate bigger profits.

It’s always said that “money talks,” and in the real estate industry, this is true now more than ever. Years ago, everybody was in on the house flipping game. Nowadays, it’s usually just seasoned veterans and starry-eyed virgin homeowners that eyeball the properties, but being able to act fast and put money on the table remain absolute essentials for being successful.

Having access to solid funds gives you an edge in negotiations. As any experienced rehabber knows, many original homeowners are eager to unload their “money pits,” because they don’t even know where to begin when it comes to repairs. The idea of correcting defects in the home is so intimidating, that they’d rather grab what cash they can, and exit before the deal falls through. When you have the expertise to make the necessary repairs and improvements, and have exercised diligence, there’s a good chance you can offer the seller far less than they’re asking if you’ve got fast access to cash.

By having access to hard money loans, Texas rehabbers also win more bids. Experienced home sellers and real estate agents know what a hassle it is to go through the process of obtaining a traditional mortgage. Some policies that have recently been enacted can add weeks onto the wait time, and that’s only if the buyer’s mortgage is approved. Because of this, sellers often jump at the chance to work with someone who can streamline the process.

When Providing Hard Money Loans, Texas Lenders Have Minimal Eligibility Requirements

There are a lot of similarities between the people who provide this type of financing and rehabbers. First of all, you’re both investors. Secondly, your goal is to pour yourself into a project, and make a swift departure while securing a profit. That’s exactly what they do, so they don’t worry too much about your personal history. Instead, they evaluate the value of the project you’re working on, and what the market will bear for the home. Using hard money loans, Texas rehab funding can be provided in days, versus the weeks and months that traditional banks take.

There are some things to consider before going for hard money loans, Texas rehabbers should know about.

Having a solid exit strategy is imperative, as the hard money loans Texas lenders provide are generally short-term. This means that you’ll need to be certain you can flip the home within that time period, or have an alternate mode of funding or financing lined up for when the period ends. Most experienced rehabbers are very familiar with this anyway, and have a strategy, timeline, and goals mapped out before an offer is placed on a property. However, if governmental red tape throws a proverbial wrench in building alterations, or other unexpected delays occur, it’s important to have a contingency plan lined up. When this is taken care of, getting the funds needed to flip homes at a rapid pace and making a serious profit is much simpler.

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 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