Texas Hard Money Lender

Friday, December 4, 2015

Real Estate Red Flags? Not According to Texas Hard Money Lenders!

Many "conventional" ideas about what is a make or break for a home purchase simply do not apply to buying investment properties. Some "issues" can actually be money makers with a loan from Texas hard money lenders.

I recently read an article about "real estate red flags." While reading this article, I could not help but chuckle at some of the things the author thought were deal breakers. When it comes to real estate investments, Texas hard money lenders know that often times, a house with some issues can be the golden ticket.

3 Common Issues That Should Not Deter You From a Property if You Are Working With Texas Hard Money Lenders

The article about red flags had a few issues that they thought should scare all buyers away. However, if you are getting a hard money loan from Texas hard money Lenders, these issues can actually help you get a better deal and make a significant profit. That is because hard money loans Texas are designed to purchase fix and flip properties. The more that is "wrong" with the home, the lower the price and the more room for improvement. Here are three things that should never scare you away if you are investing with hard money loans Texas.

1. Property is being sold "as is." For many picky buyers, this suggests that there is something wrong with the home. There may be but if you are purchasing with a Texas hard money loan, you can use the loan to fix the problem and sell the home for a profit. You can also usually get a good deal if there are cosmetic issues. And, not asking for any repairs from the seller means you have a much stronger bargaining position.

2. The home is listed as needing a little TLC. The article said that this meant the home was a shack. If you want turnkey, obviously this would not be for you, but hard money lenders Texas know that TLC can translate into big bucks.

3. Cash only offers. Buyers with traditional financing will not be able to swing this, but with hard money loans from Texas hard money lenders, you can come to the table with cash in hand to buy the house. And, as a bonus, cash in hand offers can usually be accepted at much less than the listing price.

So, regardless of what the real estate "experts" tell you, hard money lenders Texas know that many of these "problems" should not be deal breakers and can even be ways to earn more on your
investment.

If you are looking to purchase a home with Texas hard money lenders, don't let a little work scare you! A diamond in the rough may be just what you need!

When you are ready to purchase your investment property, call our expert team at Level 4 Funding to get your hard money loan started 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

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 Risk Less with Texas Hard Money Lenders

If you need a hard money loan, Texas hard money lenders can be your best friend. From less paper work to faster closing times, there are many benefits to using a Texas hard money loan compared to a bank loan. However, since a hard money loan is more investment driven, it is important that you take all necessary steps to minimize your financial risks and maximize your rewards.

If you are in the market for hard money loans Texas investors use and trust, then you need Texas hard money lenders. A Texas hard money loan is a specialized type of financing that uses real estate to back the loan. Hard money loans are primarily used as investment loans or short term financing until a regular loan can be obtained. They are used for fix and flip investments as well as bridge financing. Hard money loans can also be used as a short term loan when cash is needed for something like an auction purchase that is then refinanced to a traditional loan at a lower rate. The primary reason that hard money loans are used as short term investments is their higher interest rates.

There are several benefits to hard money loans for borrowers. Firstly, hard money loans from Texas hard money lenders have quick closing times. This helps Texas investors get cash fast to be able to make strong offers, financing in hand. Secondly, hard money loans are not contingent on the borrower's finances so investors with bad credit or a high debt to income ratio can still get the money they need. Finally, hard money loans are flexible with the option to cross-collateralize and borrower more or even extend the terms of the loan if necessary.

Texas Hard Money Lenders Want YOU to Know, 3 Ways to Minimize Risk with Hard Money Loans

While there are many benefits to hard money loans, there are still risks involved. In order to help protect yourself and your investment, here are three ways to risk less.

1. Have the property purchase you are making appraised. The number one way investors lose money with hard money loans is by a home not selling for as much as they thought it would. Have the property accurately appraised before you buy it. This will help you risk less.

2. Make smart renovation choices. If you are renovating an investment property, Texas hard money lenders recommend that you choose your renovations carefully. Spend your money where it really matters and remodel the home in ways that will get you the most bang for your buck.

3. Pay the loan off quickly. The truth about hard money loans Texas investors rely on is, they have higher than average interest rates. The faster you can pay the loan off, the less the interest rate will matter.

Once you have decided that a hard money loan is the right choice for your investment, find Texas hard money lenders to lend a helping hand.

Here are Level 4 Funding we have loan officers who specialize in Texas hard money loans. Call our office today to get your questions answered and get started 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.

Monday, November 30, 2015

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

If you want to purchase an investment property, you will probably find that banks can be frustrating and seem to want to close you out of the market. When you can't get help from a traditional lender, Texas hard money lenders will be there for you.

The housing crash of the mid-2000s led to banks tightening down and strengthening lending requirements. These included debt to income ratios as well as FICO scores and income verification requirements. While in theory many of these regulations sounded fine, in practice they are leaving many Americans effectively shut out of the housing market. In fact, according to recent estimates, as many as 43% of Americans will find themselves denied for a home loan.

If you are one of these Americans who can't seem to get a home loan from a bank, you have other options. Texas hard money lenders can help you get a specialized, investment based loan with much less strict lending requirements and a much higher approval rate.

3 Ways Texas Hard Money Lenders Can Help Americans Get a Home Loan

If you can't get a loan from a bank, Texas hard money lenders are here to help. Here are 3 ways that hard money lenders are there to help when banks fail.

1. Texas hard money lenders have less strict debt to income ratios. If you own other investment properties or have a business or personal loan, it will not interfere with your ability to get a hard money loan.

2. Hard money lenders have lower FICO score guidelines and can sometimes even waive your FICO score altogether. This is especially true if you are using Texas hard money loans to purchase an investment property. A hard money lender will examine the merit of your investment, not your credit score.

3. Texas hard money loans have much less strict income verification guidelines. If you are self-employed this is an especially nice benefit because it increases the likelihood that you will see an "approved" stamp on your application.

If a hard money loan from Texas hard money lenders sounds like what you need, call a lender today.

You lender will be able to further explain the risks and benefits of Texas hard money loans and get you started on the application process. Don't let banks keep you down any longer, find Texas hard money lenders 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.

With Hard Money Lenders, Texas Investors Can Avoid Pitfalls

When you are purchasing an investment property, there are many issues that can pop up during the escrow period and derail your investment. With hard money lenders, Texas real estate investors are able to avoid common pitfalls that can delay or even cancel closing.

If you are looking to purchase an investment property, you may think the hard part is finding the right home to purchase. While finding the right property is important and can be stressful, once your offer is accepted, you are far from done. During the escrow period any number of issues can pop up and delay your closing. In some of the worst cases, you can actually end up having to cancel the purchase altogether.

The most common issues that can interfere with closing on an investment property are issues that pop up during an inspection. According to hard money lenders, Texas investment properties are most commonly sold "as is." To protect themselves most investors still have an appraisal and a home inspection. If major issues are uncovered that you don't have the funds to fix, you will often have to walk away from the property.

Another issue that can make closing difficult is time. Many investment properties are foreclosures, auctions, or short sales. If you come to the table with an offer contingent on bank financing, the time period for acceptance can take a long time. Sometimes even months. If you are looking to find an investment quickly, you may get discouraged and look elsewhere.

A final issues that often comes up during closing is investor financing. As a real estate investor, you often have lines of credit and mortgages on a few different properties at a time. This can throw off your debt to income ratio and you may have trouble getting financing. The worst is when the application goes through underwriting and you end up with an eleventh hour cancellation because something the bank didn't like came up in your finances.

There When You Need Them, 3 Ways Hard Money Lenders Texas Help Investors Avoid Closing Pitfalls

One way to avoid some of the issues on closing on an investment property is to use hard money lenders Texas investors trust. Hard money lenders can give a hard money loan which will help you avoid many of the above mentioned issues that can cause your investment to not close.

Here are 3 ways that with hard money lenders, Texas investors are able to avoid issues during closing:

1. You can cross-collateralize and borrow extra cash. If an issues comes up during the inspection, you can use other property you own to get extra hard money funds to fix it so you aren't short cash for repairs.

2. You can get cash quickly. Most hard money loans close in a matter of days compared to the weeks or months it takes bank loans. This means you can get cash fast to use at an auction or to make a strong offer on a short sale or foreclosure.

3. Texas hard money loans are not based on your personal finances but the merit of your investment. You can rest easy knowing nothing will come up as a red flag during underwriting.

Once you have decided to use hard money lenders Texas investors can count on, don't delay.

Get your loan process started today so you can close on your investment property and start making 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

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.

Sunday, November 29, 2015

Danger, Buyer Beware! Pitfalls Hard Money Lenders in Texas Want You To Know About

If you are considering a hard money loan funded through hard money lenders in Texas, your lender wants you to be aware of any and all risks that might be associated with your investment. Being informed can help save your money and your time.

Texas hard money loans can be an investor's dream come true. Easy approval, little paper work, and fast access to funds make them ideal for many real estate investors. However, if you are working with hard money lenders in Texas, they want you to know that there are also risks associated with Texas hard money loans.

The main risk with Texas hard money loans is that you may lose money. This is actually the primary risk with almost any investment. If you purchase a fix and flip home, it is possible that the real estate market could crash or the home simply may not be worth as much as you anticipated. In addition, unexpected repairs can add up and if the project takes too long, you may end up paying too much interest on your loan.

In addition to losing money due to the real estate market or costly repairs, it is also possible to pick a bad lender that could end up costing you. If you choose an inexperienced lender or, even worse, a dishonest one, your money can be in jeopardy.

Hard money lenders in Texas want you to be aware of these risks not to scare you, but to make sure that you go into the investment informed and protected. Also, there are several steps you can take to minimize your risk and help protect your investment.

Ways to Risk Less With Hard Money Lenders in Texas

One way to risk less with hard money lenders in Texas is to do your research. Before you commit to an investment property, have it appraised and inspected. This will help make sure that you can sell it to recoup your funds and that no unexpected issues pop up during your renovation. You should also shop around for quotes of any job you do, don't take the first plumber if he isn't the best and most cost efficient.

A second way to risk less is to interview and research hard money lenders in Texas. Choose a lender who is honest and has experience with Texas hard money loans. Talk to past clients and look at information other than what is easily found on the lenders website. This will help you make sure you are choosing a lender who is truly on your side.

Once you have decided to take the plunge with hard money lenders in Texas, make sure you protect yourself and your money.

Call our experts at Level 4 Funding to learn more about Texas hard money loans 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.

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

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.