Texas Hard Money Lender

Sunday, November 29, 2015

How to Get a Loan With Bad Credit (Hint, You Need Texas Hard Money Lenders)

If you have bad credit but need cash fast for a real estate investment, Texas hard money lenders have a variety of specialized loan products that may be for you. Learn your options and how hard money loans can help bad credit borrowers.

Bad credit can happen for a number of reasons. Everything from a few mistakes when you were younger, to divorce, or job loss can cause your FICO score to dip down below a prime score. If you have bad credit, you probably assume that you will not be able to get a loan for an investment property. When you are working with Texas hard money lenders, you will find that this is not true. As long as you have a job and source of income, you can get a hard money loan.

A hard money loan is an investment loan from Texas hard money lenders that is secured by real estate. You find a property you want to purchase as a short term investment and sell yourself and your investment to your lender. You need to come up with a solid game plan on how your investment will make money for both yourself and your Texas hard money lenders. If your lender agrees that your investment has merit, they will lend you the cash to purchase the property. The best part? Usually your FICO score has no bearing on whether or not you are approved for a loan, only the merit of your investment.

A Few Things About Hard Money Loans You Texas Hard Money Lenders Want You To Know

If a hard money loan sounds like a great idea, there are a few things you need to know so that you are informed about your loan product. First and foremost, know that you will be charged a higher interest rate. Your Texas hard money lenders are taking a risk on you and because you have bad credit, your loan will cost more. Interest rates vary by lender and can be anywhere from about 8% to 15%. Also, you need to remember that a hard money loan is a short term loan. You should plan your loan timeline in months, not years. This will minimize the amount of interest you pay and help you make more money in the long run. Finally, you also need to know that you will not be able to borrow the full value of the home your are purchasing. Loan to value ratios are anywhere from 70% to 90%, depending on the lender. Keep this in mind so you can save up for a down-payment.

Once you have decided to move forward with a hard money loan, contact Texas hard money lenders

Your hard money lender will be there to answer all your questions and help you through the loan process. They are there to help make 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

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.

How to Make Money With a Fix and Flip: Renovation Tips From Hard Money Lenders Texas Investors Trust!

If you are looking to do a renovation on a fix and flip house and want to make a profit, you need to know that certain renovations will get you more bang for you buck than others. Take it from the experts, hard money lenders Texas rehabbers trust!

Most real estate experts know that Texas hard money lenders are there when investors need to purchase a fix and flip property. With liberal lending practices and little emphasis on FICO scores or personal finances, it is hard money lenders Texas investors turn to to purchase investment properties.

Hard money loans are short term, asset based loans that can be used to purchase investment properties. Most commonly, they are used to buy foreclosure or auction properties at a good price that are then fixed up and sold for a profit. With years of experience in the fix and flip business, hard money lenders know what will help a property sell and what will not.

Top 3 Renovations Recommended by Hard Money Lenders, Texas

If you are looking to get the most bang for you buck, here are the top three ways to spend the cash from your hard money loan to make the most profit on your fix and flip.

1. Fix any major problems. When it comes to buyers looking for a turn key home, take it from hard money lenders Texas experts trust for loans and more, no one wants to see work. If you buy a home and it needs a new roof, make sure to put one on. The same goes for major systems like the HVAC or water heater.

2. Paint. Pick a nice neutral paint color and it will help attract buyers. If you need ideas on color, anything from beige to grey can look great. Don't pick anything too taste specific because, according to the hard money lenders Texas pros turn to, you want to home to appeal to a broad base of buyers.

3. Home staging. Investing a little in staging a home can pay you back big time. Staging makes the house look like a home and helps buyers picture themselves living there.

Take it from the hard money lenders Texas flippers trust, these small improvements go a long way!

When you are ready to take the plunge and buy a fix and flip, make sure you turn to Texas hard money lenders to help you along the way. You will 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.

Lending a Helping Hand: With Hard Money Lenders, Texas' Self-Employed Can Buy a Home!

Tough bank lending regulations and income verification standards have made it nearly impossible for business owners to get a home loan. With hard money lenders, Texas' self-employed borrowers can bypass the bank non-sense and buy their dream home.

Since the housing crash of the mid-2000's, banks have cracked down, a lot. And while some new regulations were necessary to protect both borrowers and lenders, things have gone a bit too far. It is to the point now that many Americans who are self-employed find themselves denied by banks for home mortgages.

The big, red "denied" stamp can happen for a number of reasons. If you're self-employed, you probably take advantage of many legitimate tax breaks to help with your income tax burden. Almost anything you purchase for you business and any interest you pay on loans are tax deductible. However, while this may be great at tax time, it can often hurt your chances of getting a home loan because it makes it look like you make less income than you actually do. Another factor that can hurt small business owners is record keeping. Some businesses may not have records that accurately reflect their earnings and any "holes" will be red flags for banks. Finally, credit scores may affect your ability to get a loan if you have business loans or other personal debts.

It is a double edged sword. On the one hand, being self-employed is many American's dreams, but it can also effectively shut you out of the home loan market. This does not have to be the case though, because with hard money lenders, Texas' self-employed borrowers can get a home loan.

Hard Money Lenders Texas Financial Experts Recommend

With the current lending climate being what it is, it is hard money lenders, Texas financial experts are recommending. With minimal paperwork, less strict income verification guidelines, and almost no concern over credit scores, hard money lenders are making it easy for self-employed Texans to get the home loan they need. Turn around times are quick which means that you can buy an auction house or get a great deal. Keep in mind that you may pay a higher interest rate for the credit but often it ends up being worth it. Just make sure you know exactly what your monthly payment will be, including any interest and fees, and make sure it is within your budget.

If you are self-employed, don't let the bank stand in your way, find hard money lenders Texas experts trust and get started today!

You will be glad you called hard money lenders Texas self-employed borrowers know and trust. Once you are ready to start your journey to home-ownership, don't let anything stand in your way.

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, November 25, 2015

Credit Problems Are No Problem With Hard Money Loans Texas Investors Recommend

There are a number of reasons that you can end up with bad credit but none of them should stop you from investing in real estate. If you have bad credit but want to purchase a real estate investment, there are hard money loans Texas financial experts recommend to help you make your dreams come true.

Bad credit can make you feel like a failure. Car loans, credit cards, and even some jobs can be out of your reach. You may have bad credit due to your own poor choices or from circumstances outside of your control. Whatever the reason, you are not alone. Nearly one quarter of all credit using Americans have what is considered a "poor" credit score and more than half fall into the "fair" rating.

While there are many Americans in the same bad credit boat, so to speak, banks are so far not loosening their FICO score requirements for home loans. This means that about 43% of Americans are effectively shut out of the housing market for any kind of traditional mortgage product. Home ownership may be the American dream, but it is far from the American reality.

When the Banks Fails, Hard Money Loans Texas Investors Trust Are There to Lend a Helping Hand

If you have bad credit, you probably assume that real estate investing is beyond your means. However, if want to buy an investment property hard money loans Texas investors rely on can be there for you. A hard money loan is an asset based loan that is secured by the collateral in the property you purchase with the money. You get money quickly and can use it to buy an investment property like a fix and flip.

There are several advantages to hard money loans Texas investors take advantage of. Most notably, there are not FICO score requirements or debt to income ratios. The loan is given based on the merit of your investment. This makes them ideal for someone who may have a few credit bumps in the road. Secondly, you can get cash fast so you can purchase auction homes or foreclosures more easily.

Even though there are many benefits to hard money loans, Texas financial experts want you to be aware that there are risks. Namely, the loan carries a higher interest rate and is not meant as a long term financial solution. Hard money loans are short term, investment loans, not traditional mortgages. You represent a higher risk to the lender so you will pay more for the credit. Secondly, many real estate investments can lose money. Make sure you do your research and know what you are getting into before you commit to a loan.

Once you have decided that hard money loans Texas are the right investment for you, find a qualified private lender to get the process started.

Don't waste anymore time letting bad credit get in your way. Call a hard money lender 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.

Benefits of Using Texas Hard Money Lenders For Commercial Real Estate

Texas hard money lenders are in the business of helping investors make money with specialized, asset based loans. If you are a real estate investor, hard money loans can be your best friend for both residential and commercial real estate investments.

A hard money loan is an asset based loan, 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.

Hard money loans are most commonly used for residential investment properties like fix and flips or rentals when fast cash is needed before being able to refinance to a lower interest rate. However, you can also use loans financed through Texas hard money lenders to purchase commercial real estate. For many investors, this can be just as lucrative as rehabbing a home.

Texas Hard Money Lenders Can Lend a Helping Hand in Commercial Real Estate Transactions

Like residential investments, hard money loans are available on commercial properties. Some common uses of commercial hard money loans are when a property needs to be purchased quickly because it is a good deal or if a commercial property is undergoing foreclosure or auction. Many investors prefer commercial investments because there are less strict federal guidelines for commercial real estate transactions. While this can be a good thing, keep in mind that there are also fewer guidelines of Texas hard money lenders when it comes to real estate hard money loans. This makes it extremely important that you work with an experienced lender to keep yourself and your money protected.

If a commercial hard money loan sounds like a great option for you, talk to you Texas hard money lenders today!

Once you have decided to move forward with a commercial real estate purchase funded through a hard money loan, it is vital that you find a Texas hard money lender who will work with you and for you every step of the way.

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.

Tuesday, November 24, 2015

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

Hard Money Lenders in Texas aren't just for investors, they can help all homeowners who may be in a bad spot financially. With many benefits and fast cash, find out if a hard money loan is the solution you need.

It's no secret that hard money lenders in Texas can be an asset for real estate investors. Ok, well maybe it is a little bit of a secret, but if you do any amount of research into alternative investment funding, you know the basics of hard money loans. They are short term finance options for real estate investments. Hard money loans offer quick turn around times, real cash in your pocket, and are asset based instead of credit or debt to income based. All in all, they are a great option for investors.

But, did you know, that according to many hard money lenders in Texas, hard money loans can also be an option for regular homeowners who may be in financial distress or need a helping hand? If you find yourself in a sticky situation, hard money lenders in Texas may be able to help.

3 Ways that Hard Money Lenders in Texas Are There When You Need Them

1. Foreclosure. If you find yourself in danger of foreclosure and don't want to take the hit to your credit, hard money lenders in Texas may be able to help. You can secure a short term loan based on the equity in your home that can help you make a mortgage payment or two. You can also use some of this money to fix up your home to sell it and pay off your mortgage and your hard money loan.

2. You need to move quickly and don't have money for a down payment. Hard money loans can be used like a bridge loan. You can use the money in your existing home to fund a down payment for a new home. Once your old home sells, you can pay back the loan and often pay little interest.

3. There is a fantastic house up for auction that you want. Most auctions are cash only. This is not ideal for traditional financing. You can use a hard money loan to buy the house at auction and then you can refinance to a traditional loan, using the new loan to pay back your hard money lender.

Just remember that although there are many ways that hard money lenders in Texas can help you, it is important to know the risks and benefits of a hard money loan.

Discuss all of your financing options with a hard money lender and financial expert to decide what makes the most sense in your 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.