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

  

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.

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

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

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 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

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

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.

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

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

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.

Level 4 Funding is THE Hard Money Lender Texas Investors NEED!

When it comes to a hard money lender Texas real estate investors need to know Level 4 Funding. We specialize in alternative funding for investors including Texas hard money loans and other investment strategies. We can help make your dreams come true today!

If you are looking for a hard money lender Texas investors know and trust, look no further than Level 4 Funding. Here are the top 5 reasons that you need to look into Texas hard money loans with Level 4 Funding if you are a real estate investor in the loan star state.

1. We specialize in alternative funding sources like hard money loans. As a hard money lender Texas investors can count on, our brokers are up to date on all the laws and regulations regarding hard money loans. We can answer all of your questions and explain terms and financing to you in plain English so that you know exactly what you are getting into.

2. We are happy to work for first time investors, seasoned real estate moguls, and everyone in between. Regardless of how experienced you are, we can work for you as your hard money lender Texas investors trust!

3. We have a lot of experience with Texas hard money loans. A lot. And we love to share our knowledge and expertise with you. We also have experience with the Texas real estate market and can help point you in the direction of the best investment for you.

4. We can help you cross-collateralize your loan. if you find that our LTV ratio is not high enough for your needs, we can help you look at other assets and find the money you need.

5. We work with you, not against you. Our goal is to help you make money so we all make money. It is a win-win scenario and we are happy to be on the journey next to you!

When you are ready to get started with Texas hard money loans, call us to get the ball rolling!

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

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 Hard Money Questions Answered by Texas Hard Money Lenders!

When it comes to hard money loans, there are a lot of rumors and misinformation out there. Texas hard money lenders are here to set the record straight and explain the ins and outs of hard money loans Texas and why they may be right for you!

There is a lot of misinformation circulating about hard money loans Texas. Some people have never even heard of them while others may have heard half truths, and still more have heard things that are simply untrue. Texas hard money lenders are here to set the record straight by answer the top three most common hard money questions.




1. What exactly is a hard money loan? Is it hard to get? 

A hard money loan is a specific type of asset backed financing. You get a hard money loan by coming to Texas hard money lenders with a specific real estate investment plan. The lender listens to you plan and bases the loan decision off of the merit of the investment. They are called "hard money" loans because you get hard cash, rather than an offer of credit like you would from a bank. This can be very beneficial in a competitive real estate situation because cash is often more attractive to a seller than financing because it takes less time. And no, a hard money loan is not hard to get. It should actually be called easy money. Hard money loans Texas are not based on your credit or individual financial position. Instead, the loan is based on the merit of your investment.

2. Who can use Texas hard money loans?

Anyone who wants to invest in Texas real estate can take advantage of loans offered by Texas hard money lenders. These loans are designed to be short term loans and are perfect for fix and flips or short term investment properties. They can also be a bridge to get you from purchase to refinance if you have your eye on a property but need a few extra months to get your finances in order.

3. What are interest rates like?

Like any loan, the rates on hard money loans vary depending on the prime rate as well as which lender you choose and how much you borrow. Typically hard money loans Texas have a higher rate than traditional loans but remember, they are designed to be short term loans. If you pay the loan off quickly the interest is practically negligible.

If hard money loans Texas sound like a good option for you or you want to know more, give us a call at Level 4 Funding today! We are more than happy to answer all of your questions and will be there to help 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

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

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.

5 Tips for Investing in Real Estate from Texas Hard Money Lenders

For the novice investor, buying property as an investment can seem overwhelming. However, Texas hard money lenders can make the process quick, simple, and painless. 

When you are buying an investment property for the first time, there is an overwhelming amount of information and things to do. Showings, closing, mortgages, fixing the property up, selling it, dealing with taxes, not to mention setbacks that may happen along the way. This can make you want to throw your hands up in the air and give up before you even begin. However, Texas hard money lenders can tell you, even though the process seems impossible, it's not. Breaking it down into a few easy steps with tips from experts along the way can make it seem more manageable and will have you making money in no time!

Here are 5 tips for real estate investing from Texas hard money lenders

1. Find the right property. For your first investment, you may want to stay close to home or at least choose an area that you know well. This will make choosing a great location and knowing approximate home values easier. Some investors use a realtor for this but keep in mind that you may be able to make a stronger offer if the seller doesn't have to subtract realtor fees from the purchase price. 
2. Find the right lender. Once you have found a property you are interested in, find the right Texas hard money lenders. Your hard money Texas lender will help you finance the property with cash. This makes your offer stronger and can usually get you a better deal. 
3. Go with the flow. There will be set backs and unforeseen issues. Expect the unexpected. 
   
4. Create a realistic timeline and budget, but know that they will both need to be flexible. If you are rehabbing a property, you will most likely spend more time and money than you anticipated. Knowing this can happen will make it less stressful. If you need an extension on your hard money Texas loan, make sure to ask your lender for you. He wants to see you succeed so he will most likely say yes to a reasonable request. 
5. Price the home to sell quickly. Don't overprice the home because the longer it takes to sell, the more interest you will pay. A good price and great home improvements will make the home sell quickly and make you the most money. 

If real estate investing sounds like the right fit you, call Texas hard money lenders today!

They can help you get started on the road to real estate investing and help you maximize your time and money. 

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

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.