Dennis Dahlberg - It Can't Get Better Than This!: texas hard money lenders

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Wednesday, March 28, 2018

How You Can Solve Your Commercial Loan Woes with the Help of Hard Money Lenders

If you can get a loan, you can catapult your business into the next echelon, so why not shoot for the stars? When you are having trouble getting your commercial loan approved, it might be time to seek the assistance of hard money lenders to get you the cash you need.

Whether you are a first time investor looking at purchasing a property or a new business owner that needs cash fast to get your business off the ground, commercial loans can be a godsend. However, sometimes as a first time borrower, traditional lenders might be a little skeptical of loaning funds. That’s when hard money lenders come in handy. Just when you think you might not be able to get a loan at all, you’ll see that they can help you make your business and investment dreams come true.

Just as with any loan situation, there will be challenges that arise along the road. You will need to be prepared to handle any situation by working closely with your hard money lenders to find a win-win solution. Sometimes it's a matter of finding the right lender for the type of investment or business you have. Sometimes it’s a document or statement you’ll need to provide. Be flexible and patient, while the process can at times be frustrating, it’s important to have a lender you can trust to guide you through it all.

For investors and new business owners looking to purchase property, there are many types that these lenders specialize in like foreclosure properties, “fix and flips”, short sales, construction loans and land loans. These loans are also beneficial for business relocation that needs to happen fast as well as for borrowers that do not have the best credit score or history.

These lenders are very different than conventional bank lenders.

It’s important to know that dealing with conventional lenders are a totally different story – their application process is very detailed and often quite lengthy. There is a lot of bureaucracy and “red tape” that can be avoided with hard money lenders. If you’ve applied for this type of loan in the past, you know the road can be long and arduous. Luckily, that’s not the case with non-traditional lenders and alternative lenders offer many benefits – including an easier application process and quicker turn around time.

It starts with the right lender.

The lender is just as important as the loan itself. It becomes something of a partnership, so finding a lender you can rely on is very important. You will want to ensure they can guide you through the process but also won’t take advantage of you either. Ask around to see if business associates or friends can refer a great lender they’ve worked with in the past. Look for a local lender and don’t be shy about meeting with them and asking questions prior to agreeing to move forward. Once you find the right lender, the road to getting your loan will be much smoother!

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

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Tuesday, March 20, 2018

Process for Obtaining Commercial Loans

There is really no shortcut when you are seeking commercial loans. But following a tried and true process can help to expedite the response to your application.

Most borrowers fail to understand that a great deal of the success or failure of their commercial loan application rests on their amount of effort in preparation. There is a huge amount of research and due diligence that a borrower must invest in the process in order to be successful when applying for commercial loans. Understanding the loan application process, the desires of specific lenders and their loan approval criteria are all very important and should be researched long before you begin to search for a commercial property to purchase.

Many borrowers are in awe of commercial lenders and fail to see them as a business partner or vendor. They get too caught up in the “bank” aspect and feel as if they are being judged. The lender is making a judgement but only from the perspective that they want to verify that you can afford the loan. They are just making smart business decisions. In that vein, you should also be making smart decisions about who you are interested in borrowing from. There are many options for commercial loans which you should explore including large national banks, medium sized regional banks, a small local bank, a private lender or a mortgage company just to name a few. If you are not familiar with any major lenders or to gain information about your options, begin with a meeting at your current bank to learn about their commercial loan products.

Each lender is going to have a slightly different set of criteria for approving a loan. Learning these requirements can help you to determine which lenders you will actually apply to. Set up a few appointments to speak to loan officers to learn about the lenders and what they have to offer you. Be prepared to discuss your business, the reason you are requesting a loan and how you plan to meet the financial responsibility of repaying the loan. These conversations can glean some very helpful free advice for you from seasoned lending professionals.

Select Lenders Who Best Meet Your Needs

Not all lenders are going to be a great fit for you or even a fit at all. If you are looking for a small loan then a national bank might not be interested in your application. Likewise, if you are seeking a very large loan, then a small local bank might not be your best choice. Try to determine which lenders specialize in the type of commercial loans that you are seeking and then apply only to those lenders. There are costs involved in commercial loan applications as well as a commitment of time. Don’t waste either by applying to a lender who will not be interested in your business.

Make a Great First Impression

Other than a brief introductory meeting, your loan application will be your first contact with many lenders. This is your only opportunity to create a positive and professional first impression. Invest all of the time that you need to research your options and the criteria that each lender uses to evaluate loan applications. Only then should you begin to compile your documentation and complete the loan application. This dedication to completing a high quality loan application and documentation packet will pay great dividends when you learn that you have multiple loan offers at very competitive rates.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Monday, March 27, 2017

Top 6 Reasons to Purchase and Invest in Apartment Buildings

When people hear about the millions and billions of dollars investors make buying and selling properties, most of them think about duplexes and homes. A good number of people do not know much about buying apartment buildings.

The benefits of investing in apartments are out of this world. Investing in apartment buildings can be one of the best ideas even when the economy is going sideways. Even though there are advantages and disadvantages to every kind of investment, investing in apartments in not a bad idea. As part three of our apartment building blog posts, here are some of the top reasons to invest in apartment buildings.

1. Predictable source of income

The reason many investors prefer buying apartment buildings is because they provide a very steady source of income. When you choose properly, and in a good location and area, apartments will always provide cash flow every month. Most businesses come and go especially in office, retail and warehouse properties. But people are always looking for a place to live.

2. Apartments provide a more affordable housing option

When we get into all economics that explain why apartments provide a cheap housing option, there are so many things to talk about. For example, the difference between the amounts of paying rent and mortgage payments most consumers spend every month is called a gap. Now, if the average rent is $800 per month and the average mortgage is $1200. The gap is 400. When the gap increases, very few people can afford to buy a home. This means they will choose apartments to live in. If mortgages increases the gap becomes bigger, and we experience greater demand for apartments. This is another good reason to purchase an apartment building.

3. Property appreciation

The value of the apartment is based on the Net Operating income the building offers to the investor. The good thing about apartment buildings is that you can escalate the value of the building without investing in new windows, carpet, siding or paint.

When you decide to increase income, reduce expenses or even both, you increase the value of your property. For instance, if the average Cap Rate in the area is 10%, and you increase the Net operating income by $1000 annually, you have definitely added $10,000 to the value of the property. The Cap rate (capitalization rate) helps to measure the ratio between the net operating income and property’s buying price. Cap rate involves three variables that include value, interest rate percentage, and the net operating income.

Hence, the lower the Cap rate percentage, the lower the net operating income will be. If interest rates fall, it is uncommon it see the rates fall, but when interest rate increases, the rates will follow. You can do this by raising rents and reducing expenses. This is one of the most protected secrets of investors.

4. Principal Reduction

Another benefit of apartment building purchase is a principal reduction. Your equity automatically increases each month in apartment building. This is because your tenants are paying the mortgage on your property with their rents. When you receive the monthly rents, you pay out expenses, and then pay the mortgage. With such payments, you are gaining equity and also increasing your wealth.

5. Taxes

Fianlly, another benefit from commercial loans on apartment buildings are that they provide the best tax benefits. In taxes, apartment buildings benefit in two ways: through depreciation expense while you purchase the property, and you can sell the property and re-invest the proceeds into a new property, you will not pay the taxes on the gain. You can never try this with mutual funds or stocks.

6. Numbers do not lie

If you decide to purchase a family home, your expenses consist of taxes and insurance. But that does not mean other expenses do not exist. There will be turnover, resident problems and the like. For example, if you have 10 houses, you have 10 roofs, and probably 10 utility bills, tax statements and remember the time you will be spending from one property to the other.

When you purchase apartment buildings, expenses will include taxes, utilities, insurance, management and much more. But you get to spread out the cost of maintaining the property across all units. It is cheaper to own an apartment building than buying a house.

Technorati Tags: commercial loans,commercial real estate loans

Tuesday, January 19, 2016

How to Make Money With Texas Hard Money Lenders

The key to being successful in real estate investing is to find the right Texas hard money lenders to back your purchases. Without a lender, most investors don't have sufficient cash to purchase, renovate, and sell properties and therefore won't ever get their real estate career off the ground.

Unless you are independently wealthy or have family who is, you most likely don't have the cash collateral necessary to make money by investing in real estate. Sure you could probably finance one property but it is unlikely that you would be able to get a cash loan to get a good deal or make an auction purchase. In addition, you won't be able to borrow more than the mortgage amount to use to fix up the home.

So, you may think, that unless you are a millionaire, it is impossible for you to make money in real estate. This is simply not the case. Using a less commonly known type of financing called hard money loans from Texas hard money lenders, you can break into the real estate game.

How to Make Money With Hard Money Loans from Texas Hard Money Lenders

Once you have decided to stop let finances hold you back from making big bucks with real estate investing, it is time to do a little research to find Texas hard money lenders. Hard money lenders specialize in asset based loans called hard money loans. Hard money loans are backed by the property you are purchasing and are cash loans. This makes them ideal for foreclosure and auction properties. You can also use a cash offer to get a better deal on many properties. If you can talk the asking price down, you may even have enough left over to put towards some renovations.

Once you have obtained your hard money loan, you use it to purchase a real estate investment. Whether you choose a fix and flip, short term rental (think a home in a city that is getting a big sporting event or other event that will attract short term vacation rentals), or another real estate investment. Once you sell the investment, you use the money to pay back your Texas hard money lenders. Any amount above and beyond your loan value, is your profit to keep.

There are several benefits to hard money loans. First and foremost, they are not based on your credit score or finances. Secondly, hard money loans are very flexible in their terms. You can often get extensions if you need to and there are even interest only payment options. Finally, hard money loans allow you to cross collateralize to borrow more money if you run into unexpected expenses.

Once you have decided that hard money loans are the right option for you, find Texas hard money lenders to lend a helping hand and make your dreams come true!

A hard money lender can help you get started on the hard money loan process. Your lender can also point you in the direction of other real estate professionals that can help you on your investment journey. Don't put off getting a loan any longer. Make your dreams of becoming a real estate mogul 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

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.

Top 3 Fix and Flip Projects According to Texas Hard Money Lenders

If you are a real estate investor, you know that Texas hard money lenders are a great resources for your hard money loan to purchase and rehab a fix and flip property. In addition to providing hard money loans, Texas hard money lenders also know a thing or two about property renovations.

For many first-time flippers, the process of renovating a home can be overwhelming. If you find yourself not knowing where to start, it can be easy to over-improve a home. While this many not sound like a big deal, it is. If you over spend on renovations, you run the risk of putting more money into the home than you will be able to get when you sell it.

If you are unsure what renovations will help you make money and which to skip, you need to consult the experts. Texas hard money lenders have given a lot of hard money loans on fix and flip houses and seen many success stories, as well as failures. As a result, they know where you should splurge and what projects you may want to skip.

Top 3 Projects That Will Earn Top Dollar, According to Texas Hard Money Lenders

Based on their experience with fix and flip investment projects, here are the top three money making renovations, according to top Texas hard money lenders:

1. Flooring: If you purchase a fix and flip property, chances are that the floors will be in bad shape. Stained carpet, burned or scratched hardwoods, or even carpet that has been completely removed and sold as scrap. Buyers do not want to purchase a home with tattered, worn, or missing flooring. Durable laminate and higher end carpet are great options that are budget friendly. If the home is in a particularly prestigious neighborhood, you may want to look into springing for hardwood or tile.

2. Kitchens. A kitchen will really help sell your home. If the kitchen is dated, spruce it up with new paint, appliances and counter tops. You can look into quartz options to help save money.

3. Major structural issues. If you purchase a home and find that it needs a new roof or has foundation issues, these will make it impossible to sell. Make sure that you budget for any major issues that may come up during your renovation. Texas hard money lenders know that structural improvements are a must if you want your home to sell for top dollar.

Once you have decided to purchase your fist fix and flip, make sure to find Texas hard money lenders that will lend a helping hand.

Call the experts at Level 4 Funding to get your renovation project started and make money 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.

Thursday, December 10, 2015

Tips to Make Money as a Landlord With Texas Hard Money Lenders

Many people are taking loans from Texas hard money lenders and investing it in a rental property. Being a landlord can be very lucrative, as long as you know the industry and neighborhood well.

Texas hard money lenders can provide you with the upfront funds you need to secure a property that you wish to convert into a rental, but it’s up to you to turn it into a cash-flowing business.

Here are a few tips to make being a landlord lucrative for you!

1. Scout the neighborhood. Some areas can be deceiving. Make sure you find an area with good schools and desirable amenities. Drive around and check out an potential rentals and their surrounding areas to make sure they are a good rental property.

2. Choose a property that needs cosmetic repairs. According to Texas hard money lenders, doing minor repairs will help you get the most bang for you buck. Just don't bite off more than you can chew.

3. Use an appraiser to get a rough idea of property values and potential rental incomes. This will help you decide if the property you are considering is a good investment.

4. Don't shy away from commercial property. Often being a commercial landlord can be less of a hassle and generate more income than being a residential landlord. With Texas hard money lenders, you can get commercial real estate loans.

Is Becoming a Landlord Using Texas Hard Money Lenders Right for You?

The choice to become a landlord shouldn’t be taken lightly. It requires a lot of planning and strategic thinking in order to turn it into a successful venture. However, once you have the initial work done, it’s generally just a matter of keeping up with regular maintenance around the home and troubleshooting any issues your tenants have. Although it isn’t truly residual income because you have to make sure the house remains in proper form, it’s often a very laid-back job that doesn’t require too much attention. Most of this comes down to excellent planning and choosing the best tenants.

Is Getting a Helping Hand from Texas Hard Money Lenders the Best Way to Become a Landlord?

There are many paths that can lead to the same outcome- obtaining a rental property. However, banks will look at your credit history, income, and other details to see if you qualify for a loan. Texas hard money lenders mostly focus on the value of a property, and the funds they provide can kick off your entrepreneurial start. If you have a strategy for how to obtain a long-term mortgage after the term ends, or you’ll be able to pay off the debt in its entirety, it could make the whole process much simpler. It’s always advisable to get the opinion of an expert before delving into things, but in the end, you’ll have to weigh the pros and cons for yourself.

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

With Swift Hard Money Loans, Texas Investors Profit

There are many benefits to hard money loans Texas investors take advantage of. With fast approval, swift access to funds, and many repayment options, Texas hard money lenders are there to lend a helping hand when you need them.

If you are a real estate investor, there are many benefits to hard money loans Texas investment pros will vouch for. One main benefit is that Texas hard money loans are asset based loans. What this means for you is that your personal finances don't matter, only the merit of your real estate investment idea. Many investors are self employed, which often means that their credit score is a bit lack luster. Personal loans as well as business loans can also over-extend your debt to income ratio. But, with hard money loans, Texas investors don't have to worry about this. Your hard money loan is based entirely on the property you want to purchase and your FICO score does not matter.

In addition to being independent of your personal finances, Texas hard money loans are fast. The application process does not take long and you can usually have your hard money funds in a couple days, and sometimes even less. This is great news for investors! This benefit of hard money loans, Texas investors rely on can help you purchase homes at auctions or foreclosures. Fast access to cash funds can make your offer more appealing and can give you a better chance of getting a great deal.

Tips and Tricks for Getting Hard Money Loans Texas Investors Swear By

If you want to get a hard money loan, you need to be prepared before you go to your lender. Here are a few tips from seasoned investment veterans to make sure you get the loan you need.

1. Have a plan. Choose a property, do your research, and make sure you explain to your Texas hard money lenders why they should bet on you.

2. Have an exit strategy. Make sure you have a timeline as well as a reasonable target price for selling your investment property. Make sure your Texas hard money lenders know when they'll be getting their investment back.

3. Be realistic. Give yourself some cushion on both your time line and budget.

With these tips and a little hard work, you'll be getting hard money loans Texas investors trust in no time!

Once you have gotten your loan, it's time to get to work with your investment project. Completing the project on time and on budget will help make sure both you and your Texas hard money lenders prosper.

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 in Texas Sound Off: How to Make Money as a Landlord

If you can, owning an asset like a rental property that has the potential to make money is a better financial strategy than owning an asset like a primary home that only generates expenses. So, being a landlord may sound ideal, but there are a lot of moving parts that you need to make sure you are ready to handle. With these tips and tricks from hard money lenders in Texas, you can use expert advice to help you decide if you are ready to start collecting rent checks.

Being a landlord can be a great job. You can make money by owning and maintaining property. Often, you can generate more income as a landlord than you can make at a traditional, paper pushing 9 to 5 job. However, there are risks involved in being a landlord. Namely, you need to make sure that you are able to make enough money. For example, if you need to generate roughly $50,000 a year in income, that means you need to make over $4,000 a month after expenses. For new landlords and novice investors this can be a lot of pressure. While being a landlord is not for the faint of heart, hard money lenders in Texas urge you to give it some thought and decide if could be a lucrative profession for you.

The Pros Weigh In: How to Make Money as a Landlord According to Hard Money Lenders in Texas

In order to make money as a landlord, you need to have a few tips and tricks up your sleeve. Here are the essentials according to hard money lenders in Texas.

Ask yourself, do you like to "do it yourself?" Repairs can add up so being handy will help you save money rather than needing to contract out each and every maintenance job.
Do you know people who can help? Having a reliable plumber who will give you a discount can mean the difference between sinking or swimming as a landlord.
Do you have the right financial expertise and backing? This is where hard money lenders in Texas can become invaluable assets. With a variety of non-conventional loans they can help you get loans for multiple income properties if that is what you need.
Make sure you keep accurate records. Any money you spend on a rental property can be deducted on your taxes. Whether it is an office expense, maintenance expense, cleaning, or equipment, you can write it off.
Make sure you like dealing with people but aren't afraid to be firm. You will spend a large portion of your day talking to tenants. Make sure you want to interact with people all day and that you won't be duped by their sob stories about why their rent is late.

If you are up to the challenge of being a landlord, hard money lenders in Texas are there when you need them for all of your financing needs.

To learn more about getting your finances in order and securing a loan for income properties, contact hard money lenders in Texas today! You will be on your way to collecting a rent check in no time!

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.