Dennis Dahlberg - It Can't Get Better Than This!: 2016

Tuesday, November 1, 2016

Dreams Can Come True With The Right Loan From A California Hard Money Lender

Getting authorized for a loan from a California Hard Money lender can seem like a dream come true, nonetheless provided that it's the right loan for you.

Sitting in a cubicle in a excessive rise in downtown Los Angeles should be one among many worst job areas an individual might have. Sure, you may be in sunny, lovely Southern California, nonetheless you would possibly’t even see it! Yeah, you may go to work and can’t frequently revenue from the photograph voltaic and surf nevertheless it completely optimistic may be good for a lot of who might at the least see it.

, and get a reminder of why you're employed as hard as you do. Nonetheless till you flip into the boss, likelihood is, it isn’t going to occur. So why not flip into your private boss? Why not go for a loan, open your private institution, and take the workplace with a view?

Or elevated nevertheless—delegate your work to your underlings and catch some waves!

Wait—your credit score rating score isn’t even near being alright to get a loan from the financial institution. So your screwed, right?

Definitely not! You would possibly get a hard money loan from one among many many California Hard Money lenders and get on observe to dwelling the dream. Nonetheless, earlier than you do this, it'd assist to know a bit bit about your loan alternatives.

Loan Selections With California Hard Money Lenders

A hard money loan is a particular form of financing the place a borrower causes funds from a loaner and secures them with some kind of tangible asset, typically exact property. There quite a few totally completely totally different alternatives in relation to what kind of loan you would possibly get from a hard money lender:

Industrial: in relation to hard money commercial loans (which may be for companies; not people), the scale is usually quick time interval; from three months to a 12 months. They aren't normally pursued for essential enchancment initiatives, nonetheless for factors like stock or gear purchases.

Wholesale: this isn’t a loan you would possibly get from Sam’s Membership, nonetheless one the place the lender works with a vendor and certainly not straight with the borrower. They've an inclination to return with decrease prices of curiosity and make life simpler on lenders. Moderately than promote and pursue debtors, they will let the vendor do all the work.

Flip Loans: you don’t must take gymnastics to get a flip loan; what the flip refers to might be going considered one of many fundamental causes folks get one of these loan—flipping properties. Furthermore usually referred to as a rehab loan, this sort is used to cowl restore prices or to spice up a property earlier than promoting it.

Money-Out Refinance Loans: that is the kind of loan you get for a lot of who furthermore want some fast money. For example, in case you are mortgaging a property and take some money out on prime of the loan, you have acquired gotten a cash-out refinance loan.

Which Threat Is The Right One For You?

In case your California Hard Money lender can’t inform you which of them loan various is likely one of the greatest one for you, it might probably be time to name one different explicit particular person. The variations should be clear sufficient to an educated that she or he ought to have the ability to diploma you in among the finest path with out blinking twice.

Regarding the creator: Dennis has been working throughout the true property commerce in some performance for the final word 40 years. He bought his first property when he was merely 18 years outdated. He rapidly discovered regarding the wonderful funding alternate choices outfitted by trust deed investing and hard money loans. His wish to assist others make money in exact property investing led him to focus on completely totally different funding for exact property retailers who may need trouble getting a typical financial institution loan. Dennis is enthusiastic about completely totally different funding sources and sharing his knowledge with others to assist make their needs come true.

Dennis has been married to his good accomplice for 42 years. They've 2 lovely daughters 5 wonderful grandchildren. Dennis has been an Arizona resident for the sooner 40 years.

Wednesday, September 14, 2016

Phoenix Real Estate Is Booming–So is Everywhere Else!

Based on the data provided by S&P Case Shiller, the bottom is over (See Graph Below) and we are moving up again and this time it’s going to be even bigger!

It appears from the graph of the Phoenix House Values below, that the real estate market in the Phoenix area is heading up. Is it time to buy real estate again? How long will it take to come back to normal? Should I get out of the market and wait? These are hard questions to answer but Dennis makes these recommendations:

The upturn in values are due to LACK OF INVENTORY AND RECORD LOW INTEREST RATES.

Keep your home if possible. Do whatever it takes to keep the current home.

Do a Mortgage modification? HAPR 2. Its possible but there are very few who are successful.

If you ‘bail out’ and let the bank foreclose, you will not be able to purchase a home for 5-7 years, maybe even never again!

Inflation will it come back and will the value of the dollar drop dramatically? (This could change if the USA will cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%. I don’t think this will happen.)

The amount of debt in the USA will continue to grow. The amount is very frightening.

At this rate, in 5-7 years, it will cost $10 to buy a loaf of bread. Gasoline will cost $25/gallon. And the average starter home price will be $600,000.

Get out of debt; get rid of the credit cards and pay them off. Purchase only if you have the cash. Do not get into any debt. (I sound like your mother here, but she was correct.)

Start a side business. It’s too difficult to explain why here, but the best reason is the potential tax advantage and the possible income. Your own side business is the LAST area the government has yet to attack. Make it simple and get going. An extra $400 per month really helps.

If you are able, purchase quality single family homes in a good area and turn them into rental units. (Your side business?)

I’ve talked to a lot of people who feel that they can ‘let their home go and rent for awhile’. Rental rates are lower than their mortgage rates. Yes, they are! ‘We can save a lot of money by renting vs. paying the mortgage, and in 2 years we can purchase again and have a good down payment.’ Well, it’s actually going to be 5-7 years before your credit report looks good enough to purchase a home again. And can you really save the money? Most people will spend the money on toys. If hyper-inflation hits, like some economists predict, then you’ll be priced out of the market. Do you want to take the chance? Keep your home, do a HARP 2 Mortgage modification, and hang on — the next 5-7 years are going to be enjoyable.

Dennis Dahlberg is Broker/RI/CEO of Level 4 Funding, with many years of experience in lending, flipping and fixing. UPDATED 9/13/16

For Phoenix the bottom was officially September 2011.

For a PDF of this Graph Click Here

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.

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Monday, September 12, 2016

How to Fix & Flip Homes - 8 Things You Must Do To Be A Successful Home Flipper

1. Calculate your profit before you purchase the home.

The old saying is “you make your profit when you purchase the home not when you sell it”. This means calculating a profit and lost analysis on the Fix & Flip project before you purchase. Determine the profit before you purchase – work backwards. Don’t do a project unless there is a clear profit potential. Calculate your profit/Loss. Sales price less costs is your profit.

1. Costs for Fix & Flip

Acquisition
Purchase Price

Back Taxes and other liens

HOA Fees

Keys

Bid or Real Estate Fees

Closing Costs

Repairs

Contractor or do it yourself

Appliances + much more

Holding

Cost of capital to hold

Payments on hard money loan

Utilities
Insurance

Maintenance

Selling

Real Estate Commissions

Staging

Title closing costs

Marketing Plans

Administration

Bookkeeping accounting

Other non-related expenses

2. Have a good team of Contractors/others to do the work.

Suppliers

Real Estate Agent (hopefully it will be you)

Hard Money Lenders (give me a call)

Insurance agents

3. Get educated.

Don’t start buying homes without knowing the process. The best way to get started is to get your Real Estate license. Yes, it’s work, but it will give you the knowledge you need to understand how homes are transferred and the laws associated with real estate. Also, you will have access to the multiple listing service, which is invaluable for your research. Plus you can avoid the partial cost of the seller commission since you will be the listing agent. Every successful flipper I’ve ever meet had their real estate license.

4. Be patient.

There used to be a lot of homes being sold on the court room steps, sometimes a 1,000 homes per day. Today there are a lot less homes to purchase. You need to look at other ways of purchasing and finding deals. It’s going to take time to find, fix and sell. You can do it, but it’s going to take time. In the real estate investment world, timing is everything.

5. Have Money.

Don’t believe those people on the radio that say you can buy homes for no cash down. It’s not true.

You are going to have to have cash, skin in the game to purchase the home. Private hard money will require a down payment of 20-30% of the purchase price. And it’s not going to be cheap when you start. Rates vary from 9-18%. Don’t forget to calculate the cost of Hard Money in your profit and loss in item 1 above. Some hard money lenders market their loans as having the potential to fund an investment at 100% LTC (Loan-To-Cost), meaning a borrower won’t have to put a dime into the project. Although there are some scenarios where this is true, it’s very rare. There are some lenders that will participate in the deal. These lenders will fund the deal and share in the profit when the deal is completed. However, all of the participating lenders put a great deal of their decision on working with you on your response to #3 above and still require 10% of your money in the deal.

6. Don’t buy something you can’t fix or ever sell.

There are a lot of deals out there and they are deals for a reason. Some are in a situation, so bad, no matter how much money and work you put into the home, you will never sell it. For example a home built on top a land fill, or next to a dump, or sewage treatment facility, or the final approach to an major airport. You are not going to be able to fix these problems.

7. Buy your project through your LLC.

There is a lot of tax and liability reasons to do this. Plus, private lenders prefer to lend to LLCs.

8. It’s going to be work.

Don’t believe what you see on those flipping shows. You will have to work at it and it will take time. You need to visit the property and make sure the work is progressing correctly. After the home is completed and on the market, you will need to walk the property daily. So where do you start? I suggest that you start with #3 Get Educated. However, don’t go and pay for those weekend training seminars that cost 1,000s of dollars. Start at your local Real Estate School and get your State License.

About ME.

Hi, my name is Dennis Love.

I’m a business owner like you with over 40 years of business experience helping business owners around the world, including 7-figure businesses, small businesses and startup businesses that now make millions of dollars per year.

But the question is why do I do this? Personally, I had a very special person do something for me in the past to help me in my life. That person help me to grow to be the best that I could possibly be. This person sacrificed everything to help me to the point that in their efforts they died for me. It’s hard to understand this amount of sacrifice. It’s hard to swallow, but I learned from sacrifice of this special person that living is not taking but that in giving to others is when you really achieve true purpose and happiness. That’s why I do this. I want to be of service to you so you can achieve the dreams, success and happiness that you long for in your business.

Servicing others is the true wealth and the path for happiness. When you are successful, I’m successful. So with that let me tell you about my recent struggles.

I have personally helped business owners who were on the verge of going out of business to making a profit in as little as a few weeks.

But you want to know something interesting? Just a few years ago my wife and I were homeless and living in the van and sleeping in the office. That’s true! After 30 years my business was failing and I was laying off 100’s of employees. I was losing $250,000 per month and was going down in flaming colors. The only cash I had remaining was the credit line on my credit card, and after I maxed this out I had nothing but the van and luckily a wife who still had faith in me. Creditors were calling; I was being sued and hauled into court to stand before the judge subject to debtor exams. I had judgments filed against me, and creditors coming to the office and seizing assets. I tried everything but nothing worked. I just kept going losing money, more money and more money --- till it was all gone. I lost my business, cars, airplane, and even the home I was living in.

Everything gone!

No matter how hard I tried flipping homes, even though I worked 14 hours per day, nothing was working. I was so stressed that I ground down my teeth down and cracked every tooth. I had to find another way of making money flipping homes that would not cost me 1000’s of dollars. I could no longer spend thousands of dollars which I no longer had, on the old school approach that that cost 1000’s had returned nothing.

Finally late one night I found myself sitting on the edge of the bed with a gun in my hand and the memories’ of the business past. Than I had an awakening.

I heard a voice that said “what you think and feel is not reality; flipping homes is not brain surgery; it really is easy; you can do it.”

How hard can it be!

You just need to get educated and find out how other companies are making money flipping homes.

So after many failures I figured it out. I wrote this basic guide to help you. Servicing others is the true wealth and the path for happiness. When you are successful, I’m successful.

Dennis Love, DennisLove.com are spoke persons or trademarks of Lever 4 Funding LLC an Arizona Limited Liability Company. This is for educational purposes and you should contact competent individuals such as Attorneys, CPA, Real Estate Brokers for expert advice. Information presented is not considered accurate and complete. To the extent this message includes any tax or legal

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Thursday, July 21, 2016

What Are The Differences Between A Commercial Real Estate Loan and Residential Real Estate Loan?

Do you have the home of your dreams and are now ready to have the business of your dreams? Chances are good that you will need a loan. If you think that there are no differences between a Commercial Real Estate Loan and a Residential Real Estate Loan–think again. Here is a helping hand on generally what to expect.

Here is some good news! If you have a home, chances are that you’ve had, or do have, a Residential Real Estate Mortgage for your home–and you’ve had the chance to apply for and acquire a Residential Real Estate Loan. So, you’re not completely unaware of some of the process it takes to get a loan, in general. However, there are indeed key differences when it comes to applying for a Commercial Real Estate Loan for your potential business venture. More good news! Level 4 Funding can assist you with both types of loans with speed and flexibility. Let’s focus on Commercial Real Estate Loans here.

Ultimately, a lender will need key documentation and paperwork for thorough review in application of a Commercial Real Estate Loan and in order to consider approval for a potential loan quote. In some cases, the lender is a financial institution–a bank–and in cases where applicants need faster approval, are competing with others for a bid, or have not been approved by a bank, a Commercial Hard Money Lender like Level 4 Funding is the way to go!

With Commercial Real Estate Loans, the biggest difference is that your personal income is not considered in any way with respect to the application process. So, your personal finances are neither “here nor there,” and a moot point when it comes to business. With your Residential Real Estate Loan application, the information was essential. With your Commercial Real Estate Loan–not at all. The profitability of the commercial property is the focus–not your personal affairs.

What Other Expectations Should You Have About

The Differences With A Commercial Real Estate Loan?

As mentioned, with the application process for a Commercial Real Estate Loan, the consideration of profit on the property is most key. So, when preparing and submitting proper documentation and all back-up paperwork to a broker, etc., be ready to provide financial information on the commercial property itself, that is–income, expenses, rent, etc. These financial disclosures (statements) are essential, in addition to your business plan and more. Ultimately, the lender, even a Commercial Hard Money Lender, is surmising what income will be like for the property at soon as your doors open for business.

The good news is that A Commercial Hard Money Lender Wants A Win-Win Solution.

Collect Your Data, Research A Lender, And Get A Date For A Meeting

In Order To Be Successful With Your Commercial Real Estate Loan.

Commercial Hard Money Lenders are wonderful options when and if you may be turned down for a loan from a bank, and/or if you are in a rush in order to compete with other bidders. Once a lender receives all the proper documentation and paperwork, the assessment will begin and a quote will be made if you’ve been approved. The offer amount–rates, criteria, etc.–for your Commercial Real Estate Loan will depend on all of this information, plus various property evaluations. The focus is on profit,

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 real estate loan,commercial hard money lender,commercial hard money lenders

Wednesday, July 20, 2016

How To Write Your Business Plan to Impress A Commercial Hard Money Lender

You want to do business? You’ve got to have a plan. There are numerous reasons why you need one and impressing a Commercial Hard Money Lender is one of them. If your business idea is good, get it down on paper! Don’t let lack of a good business plan ruin your eligibility of getting a loan.

First of all, congratulations on your entrepreneurial endeavor! If you’re reading this blog article, you’ve probably got a great business idea, or one “in the works,” and it has occurred to you that you might need a loan, might need to fill out a loan application very soon, and may very well be doing so with a Commercial Hard Money Lenders. Nothing reeks of professionalism, being prepared, genuineness, and strategic-thinking, than having prepared a business plan–a good business plan. Well–what is a good business plan, why do you need one, and how will your investors evaluate it?

You’ve got to get it down on paper. No one wants to talk about ideas with you that are floating around in your head without thoughtful and strategic back-up planning–not potential partners, lenders, vendors, real estate agents–the list goes on and on. A good business plan shows that you are serious, that you know what you are doing, and if you don’t know everything, it shows that you are more than capable of figuring it out. It brands you, explains your products and services, forces you to plan your goals and strategies, spells out agreements, sets values to the business, and is generally a wanted request of a Commercial Hard Money Lender when it gets down to completing a loan application.

If you have no idea as to how to write business plan–how about researching online? There are countless articles and how-to’s about getting started, what you need to know, and why it is important to have a written plan when it comes to requesting a loan or raising funds for your business idea. Most business plans do include the following that Commercial Hard Money Lenders are looking for–a strong executive summary, business and product/service definitions, targeted demographics, marketing/sales plan (online and offline), financials, partners and managers, an overview of yourself and the company, and more–not in that particular order.

Will Your Commercial Hard Money Lender Be Eager To Work With Your Business Plan?

There are many things that a Commercial Hard Money Lender considers when contemplating offering a loan. Your business plan is just one of them. While a Commercial Hard Money Lender is not there to scrutinize every detail of your plan, he/she will, 1) want to see that you indeed have one, 2) see that you have attempted addressing every area of a plan, most pointedly–marketing and financials, and, 3) realize that you are professional, organized, serious, and determined.

A Commercial Hard Money Lender Wants A Win-Win Solution. If Your Problem Is

Getting A Commercial Loan, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

Commercial Hard Money Lenders are wonderful options when and if you may be turned down for a loan from a bank, and/or if you are in a rush in order to compete with other bidders. However, no matter what the circumstance, a business plan is always needed. If you expect investors–private investors–to loan you possibly hundreds of thousands of dollars, they’re going to want to see something in writing. Take it a step further even and create the real differences–not only provide a business plan, provide a good one!

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 real estate loan,commercial hard money lender,commercial hard money lenders

Friday, July 15, 2016

Hard Money for the First Time California Fix&Flip Investor

So many first time investors are curious about hard money lenders. Who are they? What is it? How do I get some? Is it beneficial? Well, here some of the basic principals about California Hard Money lenders, in particular, if you are thinking about investing in property in the state of Arizona, but have never done it before. First of all, let’s determine what the term "hard money" means. When money is discussed between investors, it is considered to either be "soft" or "hard". Typically soft money is easier to qualify for and the terms are flexible. Hard money, on the other hand, is just the opposite. It is much more restrictive. Not in that it's more difficult to obtain, but the terms are very specific and much stricter. They have to be, because most hard money comes from private individuals with a great deal of money on hand at the moment. This is why hard money is also referred to as "private money", the two terms are interchangeable. Since the money used for investment purposes comes from individual people, just like you and I, not a typical lending institution, their first priority is to protect their investment capital. This is why the terms have to be so strict. So what are some of the terms of "hard money lenders"? Obviously it varies from lender to lender and from an California Hard Money lender to one in another state. It used to be that hard money lenders would lend solely based upon the deal or property at hand. They would only lend up to a certain percentage of the fair market value of the property, that way in the event of default, the hard money lender would profit handsomely if they had to foreclose or sell to an end buyer. Now, you will find that many hard money lenders, if they want to stay in business, require more than just equity to qualify. This is because the laws now are favorable for consumers instead of the lender. Consumer protection laws, time consuming and expensive court procedures, have forced some hard money lenders to become even harsher when applying for a loan, but don’t get discouraged. Hard money loans are there to create opportunity for the first time investor and should not be looked over without giving them serious thought.

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.

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