Texas Hard Money Lender

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

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.

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.

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

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.