Month: September 2019

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

About: 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

How to Make Money with Spec Home Financing

When it comes to investment property loans, you may not know where to look—or how best to make a profit. Read more below to learn the differences between public and private money lenders when it comes to spec home financing.

First things first: the loan. Who do you go to? When seeking out a proper money lender, you will get to choose between public and private lender. Public lenders are the most common, traditional option. They are composed of banks and credit unions, making it easy for you to discuss your options with your local neighborhood lender. However, they have steep requirements and expectations which can easily exclude borrowers from signing with them. That’s why borrowers may turn to private hard money lenders.

Private Arizona Hard Money Lenders are made up of individual companies and investors. These are people who can work with you on a more individualized basis, and will look for more than just your financial history to determine if you are a reliable money borrower. This untraditional option benefits many because there are fewer regulations to maintain, and can be an alternative borrowing option for people interested in spec home financing.

How Private Hard Money Lending Works

Immediately, there are pretty obvious benefits to working with a private lender on your project. They can get you the money while others can’t, and they can get it fast. This is advantageous on an especially competitive real estate market. However, there are a few things you need to know: it all comes with a cost. Hidden fees and high interest rates are something to watch out for. Your private hard money lender can offer you a personalized and flexible money borrowing experience, but it comes with a price—and a quick repayment period. If you move forward with them, you need to be sure you put in the time, energy and research into ensuring you have a solid project that is both reasonable and marketable.

How to Become a Successful Money Borrower

No project should ever be rushed—especially if it is your first one. Take time to ensure that your project has potential. Don’t just take the first property that is available to you, or the cheapest one. One major tip is to seek an improved property. This means a property that already has key features on the property—like water and power lines, curbs and sewers—that won’t be a cause of worry later. Additionally, your improved property should be in an attractive location, in distance to local businesses, restaurants and entertainment. When your project is finally on the market, it will be more appealing to buyers than a property, even a nice one, in a wildly remote location. Lastly, remember that your private lender is going to want to invest in a property in their geographic location. So, if you are seeking out Arizona investment property loans in Arizona, call the reputable lenders at Level 4 Funding. We will work with you so that you can make the most of your explorations in the housing industry.

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

Can You Make Money with Investment Property Loans?

You have been watching HGTV for one too many hours, and the urge to fix and flip is large—but is it reasonable? How do buyers successfully sell fixer uppers? Read more below to learn how to make a profit with investment property loans.

Finding the right property to invest in is key. You need something manageable, with a reliable team and a solid set of plans. When seeking out a property, you should highly consider choosing one that is already improved. An improved property will already have major key features, like sewers and water lines, that you won’t have to worry about investing in later. Additionally, your property should be in an appealing location. It should not be too remote, and close enough to popular entertainment districts, restaurants and businesses, making it marketable in the future.

So, you’ve found the perfect property! What now? You’ll need to consider how exactly you’re going to invest—this involves researching public and private lenders, and determining who can best help you. Truly understanding the differences can make or break you, especially when you are working on making a profit!

Types of Investment Property Loans

When it comes to loans, you have both traditional and untraditional options. Your local bank or credit union is a common option if you are seeking out a public lender. They will be able to help you, but will have strict loan requirements and regulations. Depending on your current and past state of finances, it may be difficult proving yourself to be a reliable lender. If this is the case for you, research a local hard money lender. They are untraditional options, however, they offer speed and flexibility that is unmatched by banks. If you don’t get approved by a bank, there is still a chance you can be approved by a private lender. You will have to prove yourself as a reliable borrower, but not all of it comes from your financial history. Your property and plans will play a large part in whether or not you gain approval. Generally, there are higher interest rates and fees associated with private lenders—in addition to a short loan repayment period. Some borrowers consider the speed and flexibility of a private lender significant enough to outweigh the cons—it just depends on you! Additionally, the short repayment period lends itself to investment properties, especially on ones that come with success and a quick profit.

Choosing a Private Hard Money Lender

Don’t stop searching for a lender after the first one you meet. Choose someone who believes in your project, but who you also believe in! Take the time to truly understand the agreements to their loan and, if necessary, hire a real estate attorney. Nothing is better than moving forward with confidence when making such major decisions, and a real estate attorney is someone who can break down the legal agreements into something more comprehensible. If you are considering a private money lender in Arizona, discuss your options with the lenders at Level 4 Funding. Give us a call today and let us know how we can help you!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

How You Can Make Money with Investment Property Loans

You need some extra cash, and you’ve been watching a little too much HGTV—how can you use this to your advantage? Scripted elements of the show, a dazzling camera crew, and a team of professionals know how to make a profit of the real estate market—but how can you? Read more below to find out how to make Arizona investment property loans work for you!

Investment property loans, or fix and flip loans, will be a great way to make a profit in real estate. What does this mean? Ultimately, you will be doing what the Property Brothers or Chip and Joanna Gaines do—obtain properties off the market with potential, flip them and sell them successfully for a profit. To do this, you’re going to need solid plans, a tight budget, and a reliable team you can trust for quality renovating. First though, you’ll need some extra cash. Who do you go to?

How to Make Money with Arizona Hard Money Loans

Traditionally, public lenders like banks or credit unions are who borrowers go to for all of their loan needs. However, public lenders have strict requirements and have high standards when it comes to your financial history. You need to prove yourself a reliable borrower in the numbers. If you are new to fixing and flipping properties, and your financial history is a little less desirable, you may not know where to go. Fortunately, there are other options: private hard money lenders. Private Arizona Hard Money Lenders are individual companies and investors who offer flexibility and individualization within their loan agreements. They can work with you to meet all your goals and loan needs if you prove yourself a reliable borrower. The important thing to know is that the cost of this is much higher than you will find from traditional loans on the market. The reason why Arizona Hard Money Loans cost more is because there are steep interest rates and, sometimes, extra fees that traditional lenders don’t have.

Moving Forward

If hard money is right for you, you want to choose a property that has potential. Something that is near to local businesses and restaurants will make it appealable to buyers of the housing market. Investing in an “improved property” greatly increases chances of marketability and profits. An improved property is one that already has important key features like water and power lines. If your property has these features, you will have one less thing to worry about and one more advantage to you. Location and amenities aren’t only going to be important to you and your potential buyer, but also your lender. Private lenders generally only invest in properties that are in their geographic area—so consider this before making any big decisions that could impact your ability to work with a private investor who offers hard money. As you move forward, be sure to take your time. There is no rush, and there is always the opportunity to seek out multiple private lenders until you meet the one that is right for you. Call Level 4 Funding today if you are seeking out Arizona Hard Money Loans in Arizona and want to learn about your options as a borrower with us, and the extremely personalized experiences we provide!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

Why Borrowers Are Using Private Money Lenders

Banks are the traditional way to seek out loans—right? Right. However, they are also a pretty common way to be rejected for a loan. Read more below about why people are seeking out Arizona private money lenders for all of their loan needs!

When it comes to banks, loan requirements are no joke. Banks have strict loan regulations that can make it difficult for the ordinary lender to obtain a loan if they’ve had imperfections in their financial history. A generalized view of borrowers is a common way for banks to determine quickly and easily what kind of borrowers are capable of the loan repayment process, as well as predict which loans will yield successful results in profits. Though, what happens if you need cash fast? Are there other options for you to consider?

The short answer: yes!

If you put in the research, it is likely you will be able to obtain a hard money loan from a local, private investor. So, what does that process look like?

How Hard Money Works

Hard money is offered by private companies and investors. Benefits of private investors include speed, flexibility, and an individualized loan experience. Though they can be the Plan B for people who are initially rejected by public lenders, they are also great options for people who need fix and flip loans. The fast approval process ensures a speedy process when it comes to obtaining a piece of property off a competitive market, and the quick repayment process is ideal for people who are gain quick profit off of their fixer upper. Additionally, flexibility within the process can be ideal for projects that may be hard to pass by banks. A private investor will be more likely to see the potential of your project through a lens that isn’t as generalized as bank. If you can prove yourself a reliable lender with a solid team of concrete plans, you may not need to worry as much as gaining their approval “financially.” This is how they are able to offer such an individualized loan borrowing process.

Pros and Cons of Private Hard Money

Immediately, it is easy to see how you can reap the benefits of hard money. While hard money is most suitable for those working on a fixer upper, people who are looking to prevent a foreclosure and gain a property of the market fast can benefit. However, hard money comes with a steep cost: fees, and high interest rates. Fees may vary across lenders, and may not prove to be a major financial burden. However, it is essential to consider how interest rates will fit into your loan repayment plan, especially since the loan repayment period is much quicker than that of a traditional loan. These rates can be as high as 5 percent more than other rates on the market. Since Arizona private money lenders can work on an individual basis, it is possible to extend the loan repayment period if they see your reliability and potential. Repayment periods can range from one to five years, depending on your project. If hard money still seems like the answer for you, call the lenders at Level 4 Funding today to discuss how we can best help all your loan needs!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

3 Reasons to Work with Private Money Lenders

Are you tired of working with banks for all of your loan needs? Are you in search of more individualized loan options? Are you aware of how Arizona Hard Money Loans can benefit you? Read more below to learn about private money lenders who offer them, and much more!

Being rejected by a bank can feel like the end all be all—what next? Fortunately, there are other types of loan options if you just can’t gain the bank’s approval, or if you are looking for a more personalized lending source.

Public lenders like banks or credit unions may seem like the only way to go, because they are in the public eye. However, there are private companies and investors who may offer the solution ton all your financial needs. Private investors offer hard money in an attempt to save the borrower time and offer an alternative loan borrowing experience to borrowers who are having trouble proving their reliability to lenders.

What is Hard Money?

Arizona Hard Money Loans are great options offered by private lenders.

Benefits of Arizona Hard Money Loans include:

· Speed: Arizona Hard Money Lenders offer speed that is unmatched by public money lenders. For example, Arizona Hard Money Lenders can sometimes get the ball rolling within the week, if not 24 hours. Public lenders like banks will need at least a month to process your loan request. In urgent cases, like competitive markets and foreclosures, speed can make all the difference within your project.

· Flexibility: Unlike a traditional lender, untraditional lenders have flexibility within their approval process. If you aren’t approved by a bank, you can still be approved by a private investor. Financial history is not as important to them if you can prove you are a reliable lender with solid plans for your real estate project.

· Individualized loan experience: Private money lenders can work with you for a custom loan borrowing experience. When you work with a private lender, expect to have real conversations with people who are looking out for your best interests. Investors won’t automatically jump on board with your plans, though they will provide custom options for you and work reasonability within your project to ensure a great project with potential succeeds.

Differences Between Private and Public Lenders

There are a few differences between private and public lenders you need to know before committing to this loan decision. Speed, flexibility, and customization come with a price. Literally. Many borrowers are willing to pay it if their financial situation is urgent, but you need to know rates may be as much as 5 percent higher than other interest rates on the market. Additionally, some lenders may also have some added fees. Visit your local private Arizona Hard Money Lenders at Level 4 Funding. Finding Arizona Hard Money Loans in Arizona shouldn’t be difficult, and your experience with your lender doesn’t have to be. Call us today!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

How Arizona Hard Money Loans Work

If you have been rejected by a bank for a loan, fear not! There are other options available to you that can prove beneficial if you’ve been rejected by a traditional loan lender. Read more below to learn about untraditional lenders who offer Arizona Hard Money Loans!

If you are rejected by a bank or credit union, one of the most common and traditional loan lending options, it may seem like it’s over. Your home, project, or competition seems to have succumbed to the rejection—however, it’s not true. When a traditional loan lender cannot provide you with the loan you need, you can pursue private money lenders.

Private money lenders in Arizona are great alternatives to the big guys who have strict requirements when it comes to money borrowing. Consider seeking out Arizona Hard Money Loans from a private lender. Private lenders are usually composed of investors and individuals who offer more flexible and individualized relationships than large, financial institutions can.

There are some major differences between public and private loan lenders. First is the cost. Private lenders require high interest rates in fees in exchange for a quick and flexible approval process. Depending on the needs of your project, this can make or break you. Interest rates can be as much as five percent more than other rates on the market—some borrowers can manage these steep rates, though it may not be for everyone—even there are benefits of private money lenders.

Benefits of Hard Money

A private lender can alleviate a lot of stress associated with your financial project, making it less of a burden and more of a collaboration. Because Arizona private lenders can work with you on an individualized basis, they worry less about your financial history. It will be important that you prove yourself as a reliable borrower with concrete plans and details, however, you won’t be knocked out of the running as easily as you would be with a traditional loan lender. Private lenders can work with you and may offer to make reasonable adjustments within the loan for your project. This includes things like loan repayment extensions through the general loan approval process.

What Loan Option Is Right For You

Committing to a loan agreement can be stressful. Both you and your loan lender need to have faith in each other, and you have to understand the complete terms to your loan agreement. Needs vary across borrowers and projects, so you have to determine what is best for you. Sometimes hiring a real estate attorney can be a helpful resource if you have any major questions about your loan agreement, or if you aren’t feeling good about your lender. Moving forward in confidence will reflect the likely success or fail of your project. Consider what you need, and work with your resources. Don’t stop at just one private money lender. Continue searching until you find a reliable investor committed to you and your project, like the lenders at Level 4 Funding in Arizona!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

How to Get Arizona Hard Money Loans

You need money and you need it fast. Help! What do you do? Read more below to learn if Arizona Hard Money Loans are the alternative loan lending option you need.

Getting a loan is a long process, and it can be an exhausting one, especially when you aren’t reaping the success of your efforts. What do you do? Who do you go to? Banks aren’t able to work with you on an individualized basis, or the speed you need to save your home from foreclosing or from grabbing a great property off a competitive market. What alternative loan options are there?

The answer is private hard money lenders! They are untraditional loan lending options who offer a different type of loan process than those by your local bank or credit union. Their process literally lends themselves to those working on fixer uppers, but their speed and flexibility are also appealing characteristics to those who are unable to gain approval by traditional loan lenders.

Working with Private Hard Money Lenders

So, who are private lenders? Private lenders are individual companies and investors who offer Arizona Hard Money Loans. They differ from traditional lenders in their process and within the loans themselves. They work on individualized bases and process loans fast. If your financial history contains some imperfections, working with a private lender may be just what you need. Private lenders don’t have as many requirements as banks or credit unions do when it comes to borrowing money. Don’t mistake this as free money—it’s not, and you will definitely still have to prove yourself as a reliable borrower. However, these lenders will be able to see you as an individual with a particular history but as an individual—and a reliable one, if you can prove it to them with your goals and plans for the loan.

The reason private lenders work well with those on fixer uppers is because of the fast turnaround. The goal of a fixer upper is to make a profit and make it with a quick sale. Not everyone seeking out hard money will be using it for the same thing, but your private hard money lender will be able to work with you. Usually, the loans are paid off within a year. However, the flexibility of private lenders allows for possible extensions. The most important thing to know about private lenders are the interest rates. They are usually higher than other rates on the market, however, they are made up for in speed and flexibility, depending on your loan needs.

What to do Next

Before moving forward with a loan, you need to feel confident. After all, you want your investment to be successful and you don’t want this to be a sudden venture into further financial debt. Consider working with a private money lender! Don’t stop at just one—meet multiple lenders! Choose someone who believes in you and your plans, and is willing to work with you. Our private Arizona Hard Money Lenders at Level 4 Funding can give you the personalized experience you need as you work on your project in real estate. Give us a call today!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

Who are Arizona Hard Money Lenders?

Getting a loan is a lot of work. It takes planning, research, and a generally strict approval process. So, how do you know what types of loan lenders are best for you?

Read more below to learn more about your alternative loan options, including those offered by Arizona hard money lenders.

You may know of the traditional route for getting a loan. You go to your local bank or credit union and begin what can be a long approval process. Deadlines, financial history, and borrower reliability will play major factors in your acceptance or rejection.

Banks are sticklers on this stuff—and they should be! They need to know their investments will reap success. If it’s your first time borrowing, or your loan will be an act of grace like saving a home from foreclosure, obtaining a loan can be important. The stakes are high! Who do you go to if you are rejected by your bank?

How Private Lenders Can Help You

Private lenders are a great alternative option for people who don’t qualify for traditional loans. They can offer money fast, and are flexible within your needs as a borrower. But how do they do this? What are the differences between private and public loan lenders?

Private lenders offer hard money. They are usually independent companies and investors who can focus on you, your project and your goals. They offer a much more personalized experience than banks because of the unique individual basis they work off of. Traditional lenders take a more generalized set of financial rules and requirements and spread them across their potential borrowers. Untraditional, private lenders may be able to work with you and make small exceptions regarding their approval process. For example, credit scores are usually inapplicable. While you will need to prove yourself a reliable lender with feasible plans and a reasonable project, you don’t need to worry as much if your financial past has a few imperfections, making it easier to get approved within the loan process.

Moving Forward as a Private Borrower

If you get approved by a Arizona hard money lender, there are a few things you need to know. First: they will get the process going—fast! Second: a quite literal cost comes with them. Some borrowers find the cost worth it, extra fees and significantly higher interest rates than others on the market, however, it is definitely something you need to factor into your plans if you are taking advantage of the other traits of private lenders. Additionally, the repayment period is fast—usually one year. This makes Arizona Hard Money Loans great options for those working on fixer uppers or other types of investment properties with a quick turn around and profit margin. Because of the flexibility private lenders offer, you may be able to work out a loan extension. It depends on your lender, you and your project. If you are seeking out Arizona Hard Money Loans in Arizona, give the lenders at Level 4 Funding a call today to discuss how hard money can help you!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

111 Congress Ave | Austin | Texas | 78701

What You Need to Know About Hard Money Lenders

You’re seeking out a loan for your first investment—but how do you know how to go about it, and what option is best for you?

Here’s what you need to know as you research your loan borrowing options, including private Arizona hard money lenders.

You may have heard of private lenders who offer hard money. So, who are they? Private lenders are companies and investors who provide alternative options for borrowers who need money fast, or for borrowers who are having trouble obtaining loans from traditional options, like banks or credit unions. Arizona Hard Money Lenders can offer speed, flexibility and a personal experience.

Some lenders are able to get the ball rolling within 24 hours! This can make all the difference on a competitive real estate market, or for families who need to prevent a foreclosure—fast! Traditional lenders may need as long as a month, or more, to get things going. They also offer flexibility. Unlike traditional lenders, there are no major requirements to obtaining a loan from a private lender. All they need is to believe in you and your project—so make sure you’ve got your plans organized, and the project is reasonable and feasible. Sure, there will be concerns about your projects and investments, and it will be necessary to complete throughout calculations in your plans, but obtaining a loan will be much easier here than the traditional route. Because of this, private lenders are more apt work with you and your project an individualized, personalized basis.

Cons of Private Lenders

If you are interested in using a private lender, there’s a few things you should consider before you sign any loan agreements. Though Arizona hard money allows for a fast process and flexibility within the range of approved individuals, there are literal costs it comes with and they may not be affordable for everyone in every situation.

1. Arizona Hard Money Lenders have high interest rates. High. They can be as much as five percent higher than other rates on the market. Even though it’s more expensive, some people find the rates worth it because of the speed they offer.

2. Fees are likely to be found hidden within the contract of a private loan lender. If you need help reviewing the terms and conditions of your loan agreement, consider hiring a real estate attorney to look over the documents with you. They will catch anything you miss and ensure you have the confidence moving forward in your loan investments and decisions.

What Loan Lenders Are Right for You?

Moving forward with a loan investment is a big decision, and whatever you decide needs to be done with complete confidence. Determine the immediate needs of your project—what deadlines and goals do you need to meet? Consider what lenders will help you do this. If speed, flexibility, and personable experiences are appealing to you, check out your local private money lenders in Arizona at Level 4 Funding today!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177