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

Tuesday, January 8, 2019

How to Use Arizona Airbnb Loans to Create the Most Popular Rental in Your Area

Airbnb is growing in popularity among tourists, as it can be a great alternative to traditional overnight accommodations like hotels. If you’re looking to start a rental business with Airbnb, keep reading to learn how Arizona Airbnb Loans can help you hit the ground running.

Creating a rental business from scratch can be tough. It takes hard work, determination, and some starter money to set your enterprise up the way you want it. Before you open for business, there are a few steps you should take to get your short-term rental ready for guests.

First, you’ll need a space to rent, whether that be an extra room in your home, the beach house you inherited, or a condo you plan to purchase. Once you have your space, it needs to be made livable, so your guests will not only enjoy their stay, but leave you positive reviews. All that preparation for an upcoming Airbnb can be costly, especially when you think about paint, repairs, furnishings, décor, and appliances.

The key to running a successful Airbnb is to provide your guests with an experience they wouldn’t get at a hotel or another short-term rental. Hotels can have great interior design and even nice perks, but the experience is very similar at whichever hotel you choose. Airbnb’s can be the same way if not designed with a marketing standpoint. To place your rental space above the rest, you’ll want to create a space for your guests with unique amenities and benefits that show you care. Wine in the fridge, personalized notes, custom murals, and guides to nearby attractions add a touch of humanity that guests just won’t get in standard hotels. Even the small things can make your short-term rental worth choosing over both hotels and your competition because they show your guests that you care.

These tactics work wonders, but where do you start? The interior design you need to make your business flourish can cost thousands of dollars depending on the size and makeup of your rental space. Even higher in cost than the decorating is space itself if you’re going to buy one to rent out. That’s where Arizona Airbnb Loans come in.

Where should I go for my Airbnb loan?

Arizona Airbnb Loans from private Arizona Hard Money Lenders can be extremely helpful in starting your rental business. Banks can be hesitant about lending loans for rental properties, as putting them in the right loan category can be difficult. Mortgages on rental properties can be risky for banks as well, making them even less likely to issue loans in some cases. Due to the complications associated with banks, it’s best to look to private Arizona Hard Money Lenders for Airbnb loans.

Before you decide on a loan provider that’s best for you, work out the financial details of your future Airbnb.

When applying for a loan, it’s important to know the costs of exactly what you’ll want to do. Are you going to buy the place you want to rent out, or do you already have it? What repairs need to be done to the space? What amenities will you have? How much furniture will you need? Think about your answers to these questions and talk to a hard money lender for more information about loans for your future rental space.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

How to Make the Most of Your Arizona Fix and Flip Loans

If you have your loan and don’t know where to start, look no further. We’ve collected the best methods to transform your space using Arizona Fix and Flip Loans.

When flipping a property, there are several steps you must complete before it’s ready for the market. Thankfully, Arizona Fix and Flip Loans can help you finance your renovations, but it’s important to know how to best use them. For first-time flippers, this ordered list can help you prioritize your renovations to get the most out of your fix and flip loan.

Purchase your property. Before you can renovate a property, you must buy one. Your Arizona Fix and Flip Loans are there to help you purchase a great property without the need to have the money upfront.

Put safety first. When you start work on your property, it’s important to verify that the most important aspects of the house are intact, including plumbing, structure, and roofing. It’s also helpful to ensure that there are no infestations, or any damage caused by mold or mildew. Any complex issues like these are excellent ways to use your loan, as a luxurious kitchen won’t matter to a buyer if there is extreme internal home damage. You need a solid foundation before continuing with other renovations, literally and figuratively.

Create an open concept living space. Open-concept homes are very popular, and don’t seem to be going anywhere anytime soon. If you can eliminate any non-load bearing walls in the common areas of the house, it can be a huge selling point.

Deal with the kitchen and bathrooms first. These are typically the most expensive parts of the house when it comes to design, and they are often at the top of buyers’ lists. Choose décor wisely and make use of what you have. Are the cupboards in good shape? If so, save some cash and refresh them with a coat of paint and a new set of handles.

Revive your flooring. Flooring is a great way to update your property’s look, and it doesn’t have to cost an arm and a leg. The right choice in linoleum or laminate flooring can give rooms a new look without breaking the bank.

Add some fresh paint. With chips, scratches, and abrasion, walls get beat up, and these signs of damage can make a buyer think twice about your property. Giving your walls a fresh coat of paint removes these marks and can make a lived-in home look brand new without spending too much money.

Splurge on some new light fixtures. Adding new fixtures is an inexpensive way to modernize a space and they’re relatively simple to install. You’ll be amazed at how new light fixtures can transform a space.

Put in the time to complete quality renovations

Following these tips and tricks for reno can help you renew your space and make it ready to sell or rent. Skimping on important aspects of renovation like plumbing or new paint can be obvious to potential residents and could make your listing less appealing. Put effort into the most important renovation elements to help secure your future profits.

Your Arizona Fix and Flip Loans can go farther than you think.

Renovating wisely can help you maximize the use of your loan. Choosing the right designs and décor can make a huge impact on your budget and help you extend your loan to complete further renovations.

First Timers Loans To Flip Houses in Arizona

As a first-time flipper, it can be difficult to find the appropriate loan. But there are a few tips which can help you secure your first Loans To Flip Houses in Arizona.

When you are getting into the house flipping business, there are many unique aspects of the business that you will need to learn. One of the first challenges that you will face is securing your first few Loans To Flip Houses in Arizona. The process is not anything like getting a mortgage for the home that you will be living in and as a homeowner, it would be very difficult to qualify to carry two traditional mortgages at the same time. For that reason, most flippers are fond of using hard money to finance the purchase of a property to flip as well as to cover the cost of the renovations and repairs.

Hard money is a short-term loan which is designed to be used by real estate investors. These loans are considered non-traditional because they are funded by a private lender and not a bank or a mortgage company, which is considered a traditional lender. The most common term for a hard money loan is between six months and a year but the term can vary because you are working with a private lender who is much more likely to customize the terms of the loan to meet your needs than any traditional lender would.

Another reason that investors choose Arizona Hard Money Loans To Flip Houses in Arizona is that these loans are asset-based. What this means is that the amount of the loan is determined by the value of the collateral, which is the property that you are buying. So the borrower does not need to be worried about having a great credit score or a very low level of debt. This is what allows a new investor to enter the market without having saved the entire purchase amount of the property.

Hard Money Loan Down Payments

The loan that you are getting to purchase a property must always be for less than the total value of the property so that the lender has some sense of security. If you as the borrower default on the payments of the loan, the borrower will take possession of the property and sell it to recover his or her money. So to ensure that the property value is always greater than the balance of the loan, the lender will require a down payment of 20% to even 25% of the property value.

Understand The Interest on Loans To Flip Houses in Arizona

Being that hard money is both a short-term loan and an asset-based loan makes them perfect for flippers. But this convenience does come at a price. You can expect to pay anywhere from 125 up to 21% or more for a hard money loan. The lender will determine the interest rate based on his or her perception of the risk involved in the loan. The more risky you appear the higher the interest rate. But remember that you will only be paying that high rate for a few months and hard money is a great way to get your foot in the door as a flipper and a real estate investor.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Monday, January 7, 2019

Becoming a Successful Flipper with Loans to Flip Houses in Arizona

Want to flip homes but can’t find the money? Loans to Flip Houses in Arizona could be just what you need to finance your renovation dreams.

Flipping houses in Arizona can be a great source of extra income, but it can be an expensive ordeal. With the cost of the space you plan to flip and the renovations, you could be looking at a big budget. Loans to Flip Houses in Arizona can help you purchase and flip the homes you want, meaning less money coming out of your pocket to start off.

Because homes and the renovations that go with them are so pricy, it can be tough to save enough to pay for it all without assistance. First, you have the home itself. Then, your renovations can get to be thousands upon thousands of dollars if you have a lot of work to do on the home, and you should always save room in your renovation budget for unanticipated repairs.

Even if you’ve never done reno, you know that you always come across surprises in the reno process that lead to extra costs. Just watch an hour of HGTV and you’ll see that renovators always run into kinks and must ask the homeowners for a more money in their reno budget. Having that extra money in a loan can be essential in that way. When you’re faced with unexpected repairs and their costs, your loan will have your back.

What is covered by house-flipping loans?

Loans to Flip Houses in Arizona can cover everything from the cost of the living space to the renovations, leaving you with little to cover yourself at the get-go and allowing you to anticipate unforeseen costs. Keep in mind that renovations can mean new home appliances, flooring, paint, layout changes, and fixing damage, which can all rack up costs. The more work you need to get done, the more money you’ll need, and you can’t forget about the likelihood of unexpected repairs.

If you’re eager to flip but are hesitant to take out a loan, fear not. You can produce tens of thousands of dollars in profit from flipping depending on the size and property type of your listing, and there are many private Arizona Hard Money Lenders that can work with you to fit your individual loan needs. Plus, the large profit margin associated with home flipping will help you pay back your loan when it comes time to do so.

Consider choosing a hard money lender for your loan needs.

Arizona Hard Money Lenders can offer great rates on Loans to Flip Houses in Arizona and make it worthwhile for you to get one if you’re looking to flip. Depending on the lender you choose for your loan, you can get anywhere from a couple thousand dollars to millions for your flipping project loan. Look into getting your loan from a hard money lender, who offer equity-based loans at competitive rates.

How to Get Approved for 100 LTV Commercial Real Estate Financing

100 LTV commercial real estate financing from banks is not easy to come by. Look to Arizona Hard Money Lenders to fund your commercial real estate needs.

Your office just isn’t working anymore. There’s always a line for the copy machine, everyone’s on top of each other while they’re working, and no one has any personal space. Face it. Your office isn’t big enough and it’s time for a change of scenery.

First, you’ll need to search for your company’s new building. Start by looking online for any possible leads on workspaces to find the best option for your employees and your business. The next step is paying for this new workspace, which can get complicated if you don’t know how to go about it.

For 100 LTV commercial real estate financing, you must go to a hard money lender. Banks can loan you money, but it is unlikely that they will give you full financing like Arizona Hard Money Lenders can. Arizona Hard Money Lenders are more focused on your collateral than your company’s financial history, and in this case, your collateral would likely be the building itself. Loan approval from Arizona Hard Money Lenders is mostly based on this collateral. If you have it, chances are, you will get your loan.

Banks use more complicated process based on finances, in which they must painstakingly comb through your information to see if you qualify for a loan, and after all that time, you might not even qualify. The quick approval process of Arizona Hard Money Lenders can be very useful in getting your loan quickly and easily, which is one reason to use them instead of banks.

Flexibility is also a huge issue with banks, as their corporate policies can be strict and unchangeable. Loan approval or lack thereof, payment plans, and loan length can all be permanent when dealing with banks. Hard money lenders, however, have much more flexibility in their loan options. Lenders can work with your business to make a specialized plan for your loan that works for you. Being held back by policies, banks cannot offer this same service.

Choose a hard money lender for your commercial real estate loan

If you need 100 LTV commercial real estate financing, Arizona Hard Money Lenders are the way to go. These private lenders can offer you what banks can’t in LTV, flexibility, application process, and approval time. When it comes down to it, Arizona Hard Money Lenders make the loan process simple and can lend out more money than your bank.

Don’t waste your time with a bank loan if you might not get approved.

In general, it’s easier to get approval from Arizona Hard Money Lenders than from banks because of banks’ emphasis on good financial standing and lengthy application process. Moreover, banks are unlikely to give you 100 LTV commercial real estate financing like lenders can. You could spend hours and hours applying to a bank, preparing your information, and then awaiting their response, just to get less money than you’re looking for. Instead of going through a bank’s complicated loan process just to not get all the money you need, choose a hard money lender for your loan.

Are Arizona Hard Money Loans Right for You?

In an expensive world, it can be tough to pay for a home, a car, or a property up front. Keep reading to see why Arizona Hard Money Loans can be a great alternative to traditional bank loans and help you in your time of need.

If you’re looking to make a big purchase in the near future, you might be tempted to head to the bank in search of a loan, but you should know that this is not your only option. Arizona Hard Money Lenders use a different loan process than banks which can be quite beneficial.

Arizona Hard Money Loans can be an excellent option for those with poor credit or no loan history because the loans are equity-based, not financially-based Banks review your history of credit and your ability to pay back loans, and then decide whether to grant you your loan. Arizona Hard Money Lenders ask for a piece of collateral in exchange for your loan money. Rather than focusing on your credit and loan histories like banks do, Arizona Hard Money Lenders place emphasis on the collateral. If you have little or no credit or loan history, these loans could be the way to go.

A downfall of traditional bank loans is their rigidity. Private hard money lenders, on the other hand, work with clients individually to find a loan strategy that works for them. Banks can have strict corporate policies and aren’t able to be as flexible as hard money lenders, who can set up plans to meet your individual needs.

The speed at which Arizona Hard Money Loans are processed is another one of their benefits. Banks can take what seems like forever to grant loans, while Arizona Hard Money Lenders can make the process much faster and easier. If you have collateral to offer, lenders will likely be inclined to grant you your loan.

Speed plays a factor in the length of the loan, as well. A hard money loan usually works best as a loan meant to be paid off in about three to five years, so quick approval time can be helpful. Hard money lenders’ simple process can make getting these loans easier, eliminating the stress of dealing with banks.

Types of Hard Money Loans

SetaBay, a hard money lender based in Arizona, offers many different options for loans, including:

- Rental Purchase/Investment Loans

- Fix & Flip Loans

- Buy & Hold Loans

- Construction Loans

- Business Loans

- Bridging Loans

Explore your loan options with SetaBay.

If you think a hard money loan might be right for you, review your options and learn more about the lending process with a private lender like SetaBay. Visit their website SetaBay.com to gain further insight about hard money lending and discover what loan strategy you want to pursue. Banks loans can be complicated, but Arizona Hard Money Loans are simple. Have a stress-free loan experience by using SetaBay for your loan needs.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions