Texas Hard Money Lender

Thursday, January 14, 2016

How to Avoid Foreclosure with Texas Hard Money Lenders

If you find yourself in the position of being foreclosed on by the bank, you may feel the situation is hopeless. However, with alternative funding solutions provided by Texas hard money lenders, you may be able to delay foreclosure long enough to sell your property and keep your credit score intact.

While not the death sentence that it used to be, a foreclosure is still a major red mark on your credit history. Having a foreclosure can make it difficult to purchase a new home and cause lots of other credit related problems. Foreclosure can happen for a number of reasons. The loss of a job, divorce, or simply needing to move for work or family obligations. In many cases, the borrowers being foreclosed on are otherwise credit worthy and pay back their financial obligations.

If you find yourself getting behind on your mortgage payments for any reason, it is possible to delay or avoid foreclosure altogether with Texas hard money lenders and hard money loans. Hard money loans are cash loans that would be backed by the value in your home. You can use the money to make mortgage payments while you buy yourself extra time to sell your house, rather than have the bank foreclose on it.

In order to get a hard money loan, you need to first contact Texas hard money lenders. A lender will look over the value of your home compared to what you owe and help you get a cash loan based on this number. The great news here is that Texas hard money lenders don't evaluate your credit score, so a few late payments won't make a difference. Once you have the cash in hand, you can use it to help delay the foreclosure process and put your home on the market. You can also opt for an interest only loan, meaning that you only pay interest on the loan for a set term which gives you more money in your pocket instead of it all going out in monthly payments.

Keep in mind that your hard money loan will have a higher interest rate than most home loans. However, if you price your home to sell and use some of the funds to fix and major issues, your home should sell quickly, allowing you to pay back your loan to the bank as well as to your Texas hard money lenders. The faster you can pay the loan back, the less interest you will pay in the long run.

While taking out an additional loan is not always ideal, it may be your only option if you want to avoid the bank foreclosing on your property. Contact a hard money lender to determine if a hard money bridge loan is a good option for you.

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.

Hard Money Lenders in Texas are There When You Need Them

When you are a real estate investors, whether novice or experienced or something in between, a lot can go wrong. In an uncertain business, hard money lenders in Texas are there to lend a helping hand when you need them most.

If you invest in real estate, you know that nothing is a sure thing. If you purchase a fix and flip, no matter how great of shape it appears to be in, you are guaranteed to find something that you did not budget for. Renovation projects can have hidden costs and your budget and timeline can quickly get out of control. However, you don't need to despair or lose everything if this situation should arise. Simply look to hard money lenders in Texas to help with your financial woes and help you turn a money pit into a lucrative investment.

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

Hard money lenders in Texas can be your greatest asset as a real estate investor in Texas. Here are a few ways that hard money lenders can help you when you need them most.

1. Getting an initial loan. Most financial experts and hard money lenders in Texas will agree, a hard money loan is one of the best option for real estate investors, especially when you are looking to purchase a fix and flip home. Hard money loans can be used to purchase a variety of property types and they are cash loans with quick approval and funding times. In addition, the terms are often flexible and you can re-negotiate with your lender as you go.

2. Contact your lender if things go wrong. Your hard money lender can help you if your timeline goes off track. Hard money loans have flexible terms that can be extended if you need them to be. This is a great feature if you find that a major repair comes up that will require a longer timeline to fix. Talk to your lender about extending your loan so you can get the project done right.

3. Flexible repayment options. With a high loan to value ratio and flexible repayment options including interest only, hard money loans can help your budget flex to accommodate unexpected expenses. You can also use other properties to cross collateralize and get extra funds if you get into a really tight spot.

There are many ways that hard money lenders in Texas are there when you need them, contact a broker today to get started with hard money lending.

Hard money lending is one of the best ways to invest in real estate and is a great option for novice investors as well as experienced real estate moguls, and everyone in between. Once you have decided that you need a hard money loan, contact hard money lenders in Texas today to get your loan 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

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.

Hard Money Lenders, Texas Investors: They go Hand in Hand

If you are looking to flip a house for profit or invest in real estate, you need to know that hard money lenders, Texas investors go together like peanut butter and jelly. With the right hard lender by your side, you can get the loan you need to start making money flipping houses.

According to many investment and financial experts, real estate investing is a relatively safe and easy way to make money. Whether you want to invest in real estate as a side job, or you want to eventually be able to quit your day job and become a full time investor, hard money lenders, Texas real estate experts, and other professionals are there for you.

If you are considering investing in real estate, you need to contact hard money lenders Texas investors trust to get the job done. Hard money lenders give out specialized, asset based loans. Hard money loans are cash loans that are based on the merit of the investment property that you want to purchase.

Benefits and Risks of Loans From Hard Money Lenders Texas

If you want to learn more about hard money loans, it is crucial that you begin researching hard money lenders Texas real estate investors and financial professional recommend to get the job done. As you are deciding if a hard money loan is the right choice for you, it is important to know the benefits and risks of hard money loans.

1. One major benefit is that hard money loans are not based on your personal financial situation. This means that you can qualify for a hard money loan even if you have a high debt to income ratio or a bad credit score. This is crucial for real estate investing because most investors own a primary property that they live in and some may own second or third homes either as vacation homes or investments. This can throw off your debt to income ratio and make it impossible to qualify for a traditional loan. Hard money lenders don't care about how much debt you have, all they look at is your potential to make money.

2. Another key benefit of hard money loans is the fast approval time. You can usually get cash the same day you fill out the paperwork. This is great news if you are purchasing a home at an auction or as a foreclosure property. In order to get the best deals you usually need to act fast and have cash in hand. Hard money loans let you do just that.

3. One risk to be aware of is the higher interest rate charged for hard money loans. Since hard money loans are given to investors with bad credit and as short term loans, they represent a higher risk for the lender. As a higher risk, you are charged a higher interest rate. Rates can creep up into the double digits and can eat away at your profit margin if you aren't careful. One way to minimize this risk is to pay the loan off quickly so you pay as little interest as possible.

With hard money loans and hard money lenders, Texas investors dreams can come true!

Find a hard money lender today to get started on your real estate investing journey. Having the right lender on your side can make all the difference.

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, January 13, 2016

What Are Hard Money Loans Texas, and How do I Get One?

If you are a real estate investor, you need hard money loans Texas financial experts use themselves. Hard money loans are a little know but very effective financing strategy that can help you invest in real estate and make your dreams come true.

There is a well kept secret in the investment world, hard money loans Texas financial experts agree are a good option for many real estate investors. A hard money loan is an asset based loan that uses real estate that is intended for purchase as collateral for the loan. The money loaned is based on a variety of factors including the merit of the investment, potential to earn money, and the value of the property you are buying. Other factors like credit score or personal finances don't usually figure into the lender's decision to give out hard money loans Texas investors rely on to finance their real estate purchases.

While there are many, many benefits to hard money loans, Texas investors have often never heard of them. Hard money loans can be a great way to get financing if you need fast cash, or have some blips in your credit history. Approval time is fast and you can usually get your money the same day. This makes them an investors dream come true because you can use them to purchase auction properties and other properties that may require a quick decision or a cash only sale.

Once you have decided that a hard money loan is the best option for you, here are 3 things you need to know before you buy.

1. Hard money loans have a higher interest rate. Since approval times are so fast and the impact of your credit score is so low, hard money loans are a higher risk for the lender which means you pay a higher interest rate. However, it is important to keep in mind that hard money loans should be short term loans, which means the amount of interest you pay is negligible, even if the rate is higher.

2. Make sure you have a plan. While hard money loans are easy to get, they are not given out to anyone who walks through the door. Come to your lender with a property in mind and plan to make money, This will help ensure that you get your loan quickly and without any hassle.

3. Always have an exit strategy. This goes along with having a plan. Make sure you crunch your numbers to figure out exactly what you need to sell a property for to break even and to make a profit. Prepare for the worst case scenario so you don't end up losing it all.

Once you have decided that you need a hard money loan, call our experts at Level 4 Funding. We specialize in alternative financing methods for real estate investors and can help you choose the right loan product to fit your needs.

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 Flip a House: Take the Advice of Hard Money Lenders Texas Investors Trust

If you want to make money buying and selling homes, the best way to do it is to purchase and fix up homes that need a little TLC. However, you need to keep in mind a few tips from hard money lenders, Texas investors, and other financial professionals to ensure that you choose a lucrative project that helps you earn a profit.

If you turn on HGTV, shows like "Flip or Flop," and other home flipping shows make it appear that anyone with a brain and a large hammer can purchase, renovate, and sell a home for a profit. However, when you talk to the experts like hard money lenders, Texas realtors, and other real estate investors, it becomes apparent that there is more to making money on a fix and flip than those shows lead you to believe.

While a fix and flip property can be a great opportunity to make money, hard money lenders, Texas real estate agents, and fellow flippers want you to know the ins and outs of the fix and flip trade so you can maximize your profit and minimize your losses. Here are 3 tried and true tips to help you make money by rehabbing and selling a property.

1. Location, location, location. According to hard money lenders, Texas real estate experts, and other financial professionals, the location of your fix and flip cannot be stressed enough. most other issues can be fixed, but not the location. Choose a desirable area and your home will pretty much sell itself.

2. Don't over-improve. Make sure that you realize that you don't actually have to live in the property so you can make some compromises. Going with the most expensive upgrades usually means you will end up losing money.

3. Try to re-purpose rather than replace. If you can stain or paint the existing cabinets or move that hideous kitchen island to another location to become a built in desk, you will save money. The more you save, the smaller your chance of losing money.

Once you have decided on a fix and flip, it is time to choose a hard money lender, Texas realtor, and other real estate experts to purchase the home

A hard money lenders, Texas realtor, appraiser, and home inspector can work with you to make sure you get financing for a property and that it is a good value. You can also save time and ultimately money by making sure you don't overpay and that no hidden surprises come up during your renovation.

Call our office at Level 4 Funding today to get started on your hard money loan for your Texas fix and flip property. Our experts can help you get the money you need, 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.

Sunday, January 10, 2016

The Benefits of Using Hard Money Lenders Texas for a Self Employment Home Loan

If you are self-employed, it can be tricky to qualify for a home loan due to debt to income ratios and business losses. Using hard money lenders Texas can make the process easier and has many other benefits when it comes to qualifying for a self employment home loan.

For many Americans, owning their own business is a dream come true. If you are self-employed you enjoy many benefits both financial and otherwise. Most likely you are able to set your own schedule and you answer to yourself. You can work from home or whatever environment you may choose. You can set your own dress code and hours and take time off when you need it. You can also take advantage of many tax deductions to write off most of your business expenses. Everything from large equipment purchases to pens for you home office can be tax deductible which can help you save big come April.

While you may enjoy your tax savings most of the time, it can be a double edged sword, especially when it comes to qualifying for a home loan. Many times, people who are self-employed have tax returns that do not accurately reflect their actual income due to deductions. Sometimes it can even make it look like you lost money when you in fact had a good year. Throw in any debt you may have for business or personal purchases and your debt to income ratio can make you look like a huge liability to a bank.

For these reasons, many business owners find it difficult to secure a traditional mortgage from a bank. However, there are many other options to find a self employment home loan that will work for you. One key to finding a loan is to think outside of the traditional bank or mortgage broker and hard money lenders Texas like Level 4 Funding to finance your loan.

Pros and Cons of Using Hard Money Lenders Texas for Your Self Employment Home Loan

For many business owners, a private lender is their best chance of securing a self employment home loan. However, like any major financial decision, there are pros and cons that need to be carefully considered before making a decision.

Pro: A private lender often has a very short approval process. Banks and public lenders can take anywhere from 30 to 45 days (and sometimes more) to approve and fund a loan. If you need a quick loan to buy a property, this can be too long. Also, when it comes to a self employment home loan, traditional banks will likely have issues during underwriting and come back to you several times asking for more paper work, more proof of income, more documentation. Hard money lenders Texas can have you funds in as little as 1-2 weeks with significantly less paperwork.

· Con: Private loans are usually more of a risk for the lender. As such, you can expect to pay a higher interest rate for the loan.

· Pro: Easy to qualify. A private mortgage lender has more flexibility than a bank in terms of who they lend money to. Borrowers who have bad credit, a high debt to income ratio, or are looking for a self employment home loan will have an easier time qualifying with a private lender than with a bank.

Pro: Geared towards investments and investment properties. If you are self employed, you know the benefit of having your money work for you to make more money. Private lenders have short term loans that are geared towards investment properties and fix and flip houses.

Once you evaluate the pros and cons, it is easy to see that in many cases, hard money lenders Texas are the best option for your self employment home loan. Like all brokers, private lenders have to be licensed and they do have guidelines to follow to protect you and your investment. As long as you know that you will be able to make your monthly payments there is relatively low risk and a high reward for the self employed borrower.

Once you are ready to risk less with the best hard money lenders Texas has to offer, call us at Level 4 Funding to start your loan process today.

Stop waiting for a bank to give you the home loan you need. Take matters into your own hands and make your dreams come true 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.