How to Know if a Hard Money Lender Texas is Right for Flipping Your Property

Hard money lender Texas

Texas hard money loans are based purely on the value of the house, home, or property that you want to flip or fix up. It’s as simple as that. For every home renovator worried about their credit (so, all of them), know that a hard money Texas loan is definitely the way to go. Private money lenders are definitely the best way to get what you want faster than your traditional bank loans.

Need more convincing? In addition to hard money Texas lenders loaning money based entirely on the value of the home that is being used as collateral, these Texas hard money loans are also insanely easy to qualify for.

Additionally, as you will find out, a hard money lender Texas loan is also the fastest loan you can get. From property appraiser to signing papers to beginning your project, an Arizona hard money loan is the fastest kind of loan you can get, which means that your project gets to start sooner rather than later. Hello, new kitchen! Goodbye loan fears.

Keep in mind, however, that Texas hard money loans are much more expensive than your traditional loan. Meanwhile, as soon as you quickly qualify for your Texas hard money loan, you are basically halfway to starting on your dream home. You can begin paperwork and in far less time than it would take for a traditional loan, you will have a money from a hard money lender Texas.

Texas hard money loans are great when you are flipping a property to create a home property that is worthy of a great owner. That is because when you’re in the property you’ve borrowed against for less time than say, if you were living there, then the added interest rate of 10 to 18 percent from the hard money loan won’t irritate your profit margin that much, so you can still make a fantastic profit.

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

Get the Right Help When You Need it With Texas Hard Money

Texas hard money

Everyone knows that the housing market is still only 30 percent of what it was in 2006 and this fact is heavily influenced by the 23 million potential workers being unemployed, a drop in household income, personal net worth, and an uncertain future for even those who are lucky enough to be employed.

These uncertain times can have people worried, but the good news is the housing market is not a boom- it is recovering- slowly- but it is recovering. And because it is recovering slowly, it is recovering well. This means the recovery will be more effective and offer better incentives to encourage a broader ‘credit net’ for borrowers who have good jobs, but have margin credit. The issue isn’t availability of loan programs, there are plenty of those. What it is about is about the availability of loans programs to those who can actually qualify for them. One program that many potential buyers and investors don't even know about is a Texas hard money loan. 

There is some tough credit criteria that people have to live up to, and that’s suppressing home ownership. While this could be fixed with a proper understanding of the mortgage/banking industries, it simply is not happening. For example, a Texas hard money loan is one way for borrowers with less than stellar credit to get liquid cash to purchase or remodel a home. 

Over-regulation or forcing banks to accommodate this is not going to yield the intended results and right now, forty percent of borrowers cannot get loans since the average consumer has a FICO of a 640 while the average FICO of the closed loan in October was 762.

As you can see, this is a significant number disparity between what the market is demanding and what the actual numbers seem to be.  Clearly, home ownership is in the best interest of all consumers at proportionate levels of income, versus what the market will actually offer.

While it is true that the FHA has done an effective job in providing broader opportunities, it can be said that there are still significant fiscal problems at FHA that will require a tax payer bailout to address a $16.3 billion deficit. As one can expect, this will require a federal bailout and rather than a private sector solution, the spiral will unfortunately continue with further Federal oversight and involvement in an already heavily regulated industry. One way around too much federal oversight is to utilize private lending programs like Texas hard money loans and private lenders. If this sounds like a good option for you, call me today to get the 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

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

Hard Money Lender Texas is the Best Way to Get the Money You Want!

Many people are confused about Texas hard money loans, but they shouldn’t have to be. Texas hard money is a loan where the investor receives their financing merely based on the value of the property they have instead of the traditional kind of bank loan that is dependent upon the kind of credit a person has. This can be a difficult loan to obtain for some kinds of people and that is why Texas hard money can be a truly wonderful thing.

While interest rates can be higher with Texas hard money versus other kinds of traditional bank loans, one must remember that hard money lender Texas and private money lender Texas have very quick turnarounds when it comes to the loans, so the higher interest rate is barely even noticeable. If you are scared of going into bankruptcy or a foreclosure, then the time is not to get into Texas hard money and save the property that belongs to you.

You can save the property or you can revamp the property while using Texas hard money. The time is now to get invested with a private money lender Texas or a hard money lender Texas. 

It is important to remember that if you are having difficulty finding a traditional bank loan to finance your property, there are other ways. You can bypass the paper work and the hassle of a traditional loan and make good again with your Texas hard money loan. These Texas hard money loans will keep your foreclosure at bay or help you flip the house you have been thinking about for years. Don’t let your dreams escape you! Get your hard money lender Texas today and forget about the traditional lending conditions that have you nervous. You can have everything you always wanted with your private money lender Texas right away.

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

What is Texas Hard Money? Benefits of a Hard Money Loan

What kind of Texas Hard Money do I want?

There are two different kinds of Texas hard money that is available to you. Both are exceptionally similar, but they each have different benefits to the borrower. The two types of Texas hard money are Hard money lender Texas and private money lender Texas. It is easy to get confused by the two, they are both practical kinds of loans, but the following will explain how they are different.

It shouldn't surprise you to find out that hard money lender Texas and private money lender Texas are both based on assets and have more to do with the real estate you want to invest in than with your credit score. These are both also loans that are not bank affiliated, so they are easier to obtain than your traditional bank loan.

However, hard money lender Texas and private money lender Texas do have some differences. 

For example, hard money lender Texas happens to be a group of people, while private money lender Texas is just one individual who gives out the loan. Typically, with a private money lender Texas, you know the person loaning you money, but that isn't always the case with the group of investors in a hard money lender Texas.

Both loans have quick turnaround despite their higher interest rate, but because of this quick turnaround, the interest rate makes little to no difference. The loans are also more flexible than your traditional bank loans, especially when you use a private money lender Texas.

Consider these types of loans as you decide on rehabbing a property. It could make all the difference to your project and stress you out far less in the interim. Consider the flexible and safe Texas hard money loans. Whether you go private money lender Texas or hard money lender Texas, you will be happy with the outcome.

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

Real Estate Investment Opportunities Using Texas Hard Money

The sole purpose of a Texas hard money lender is to provide people with the fastest and easiest access to private money and hard money loan options secured by real estate. In fact, you may even be able to get funding in as little as 5 business days through one of our Texas hard money loan programs. Hard money lenders Texas are equity based lenders who will give you a loan based on the merits of the property you want to buy, not your own personal merits. 

What exactly does that mean to you? It means these hard money lenders Texas provide you hard money regardless of your credit, job history or income, as long as they can see upon evaluation of the property that you will make a profit doing a fix and flip. So does your credit score matter? Yes, it can help you to get a better interest rate, but it won’t be used to determine whether you qualify for a loan. If you need 100% financing so you can get started with no money out of pocket, you may even be able to find a hard money lender in Texas who can help. Some have developed programs that give you access to additional financing options on top of hard money, that can make it possible for you to break into real estate investing with no money of your own.

Texas hard money loans are a fantastic option for those looking to break into the real estate investment market. With short terms, interest only payments, and a loan that is backed by equity vs. credit, they can be the perfect option for many investors. Contact us at Level 4 Funding today to find out all of your Texas hard money options!

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

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

What Do You Need to Know About Private Money Lenders Texas?

Many first time investors are curious about hard money lenders in Texas. Here I have laid out some of the basic principles about hard money lenders Texas. First of all, you must know what the term "hard money" means. When money is discussed between investors, it is considered to either be "soft" or "hard." Typically, soft money is easier to qualify for and the terms are flexible. Texas hard money, on the other hand, is just the opposite. It is much more restrictive. Not in that it's more difficult to obtain, but the terms are very specific and much stricter. They have to be, because most hard money comes from private individuals with a great deal of money on hand. This is why hard money is also referred to as "private money". The money used for investment purposes comes from people, just like you and I, not a typical lending institution. So their first priority is to protect their investment capital. This is why the terms have to be so strict. If it were your money, you would want the same.

So what are some of the terms of private money lenders Texas ? Obviously it varies from lender to lender. It used to be that private money lenders Texas would lend solely based upon the deal or property at hand. They would only lend up to a certain percentage of the fair market value of the property, that way in the event of default, the hard money lender Texas would profit handsomely if they had to foreclose or sell to an end buyer. Now, you will find that many hard money lenders, if they want to stay in business, require more than just equity to qualify. This is because the laws now are favorable for consumers. Consumer protection laws, time consuming and expensive court procedures, and so on have forced some hard money lenders to become even harsher when applying for a loan.

These regulations can help protect borrowers and lenders to ensure that everyone is happy with the deal. Hard money loans can be a lucrative option for borrowers who want a short term investment property where the goal is to fix and flip for cash, quickly. If a hard money loan sounds like a good option for you, talk with a private lender in Texas today! 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

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

It's Still Possible to Make Cash With Private Money Lenders Texas

It’s still possible to make cash in the real estate market

In many of the metropolitan Austin area’s suburbs, there are dilapidated and neglected homes that were hastily built in the infamous real estate bubble. We’ve hardly even recovered from the dot com bubble and now there’s this? What next, right? And while many Texas suburbs are suffering, there’s still a demand for houses, however small it may be.

So if you’re a real estate agent in this day and age, it may be next to impossible to put bread on your family’s table. That’s why many are switching to hard money lenders Texas to find ways to make ends meet. All they do is approach some kind of private money lenders Texas and get an nearly instant approval for their loan, then they start on hiring the local painters, landscapers and other fixers and cleaners to help flip the property. This is happening all around you, in neighborhoods across the country, because a decent house that stands out above the rest of the decaying crap is all you can really sell.

And if you do sell it, which is still possible, believe it or not, you can make yourself a very healthy profit. It’s not rocket science – it’s just private mortgage loans. It may be more difficult to do this than it was even five years ago, but it’s not impossible. After all, anything worth doing is worth doing right and hard work usually pays off. Keep that in mind when you’re considering how to keep your real estate business afloat.

This can also be a helpful trick for any investor buyer's you may have. Send them to private money lenders Texas to get the hard money loan they need for their fix and flip! Call us today for competitive rates and a trustworthy broker. 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

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

Private Money Lenders in Texas Risk Less

So, what is a Private Loan? It is a loan made, in this case, to a real estate investor and is secured (collateralized) by real estate. Private Money Lenders Texas are typically given a first or second mortgage that secures their legal interest in the property thus securing their investment. We are not talking about high Loan-To-Value (LTV) ratios the banks and savings and loan institutions make on homes. We typically employ low LTV ratios to our Private, also called Hard Money Lenders Texas, to increase security of the loan. Standard LTV ratios are usually under 75% of the value of the property securing the loan and frequently as low as 60%. This means additional security on the investment.

For example, if a property is valued at $100,000, Hard Money Lenders Texas would usually not loan more than $75,000 dollars on the property. That’s a 75% loan-to-value ratio. This approach taken by private money lenders Texas is obviously a much safer approach from that taken by conventional lenders. These banks get into trouble because they make loans at a 90%, 95%, or even 100% loan-to-value ratio leaving them no equity for transfer costs, if they are ever forced into a position where they have to take back the collateral property. It is in the best interest of the hard money lenders Texas to minimize risk and maximize return and this is why private loans should not be made without a 25%+ safety net.

You can get into hard money lending in Texas as both an investor and a borrower. Call Level 4 Funding to find out more about all of your options today!

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
www.Level4Funding.com

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