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Saturday, March 2, 2019

How to Evaluate Residential Hard Money Lenders

If you’re new to the world of residential hard money lenders in Arizona, it can be tough to know the good from the bad. Use these tips to weed out the poor lenders and end up with the money lender of your dreams.

When it’s your money and your property, don’t mess around. There are some excellent residential hard money lenders in Arizona out there, but with the good always comes the bad. Do your research before working with a hard money lender to ensure they’re a quality, trustworthy company.

Evaluating Hard Money Lenders

Before you commit to a residential hard money lender in Arizona, read over our best tips to help determine how trustworthy they are as a company.

Review the company website

The first step in vetting a company is to simply look over their website. The more organized and professional-looking it is, generally the more legitimate the company. A highly professional and organized website shows that a company cares about their communication and brand image and that they have enough money for an elaborate website. Typos, broken links, and poor graphics could all be red flags on a company website.

Research the company

After reviewing a company’s website, do some research. Have they won awards? Are they recognized by the BBB? It’s a good sign when a company has awards and support from other businesses. Moreover, check to see if they’re in the news. Some company scams have been outed online or in the news to help protect others who may fall into their trap. If you see a company’s name associated with the word “scam,” it may be wise to steer clear.

Look at company reviews

Reviews can tell you what a company won’t, especially regarding business practices and employee attitudes. If someone has a bad experience with a company, they may write about it online as a warning to others. With that being said, it’s more common for people to write negative reviews about products than positive ones. Psychologically, negative results affect us twice as much as positive ones. Dissatisfaction with a product is more likely to prompt a review than satisfaction. Keep that in mind as you read reviews.

Speak with company employees

If the residential hard money lenders in Arizona in question have passed all your tests so far, it may be time to call them. Take note of how you are treated on the phone and how your questions are answered. This can give you an idea of how they are as a company and help you determine if you’d like to work with them on your loan. If Negative Nancy answers the phone, you’ll know you will want to choose a different lender.

Choose a trustworthy hard money lender like Level 4 Funding.

Making sure your hard money lender is trustworthy is important for your peace of mind. Level 4 Funding is a trusted hard money lender based in Arizona that has funded tens of millions of dollars’ worth of projects. If you’re looking for a residential hard money loan, call Level 4 Funding today or apply for a loan online with their quick and easy application.

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

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.

Simplify Your Move with Owner-Occupied Hard Money Loans

Leave your financial worries at the door. Make your move easier than you ever thought possible with Arizona owner-occupied hard money loans.

Moving is hard enough as it is. You shouldn’t have to worry about how you’re going to pay for your new home on top of the boxes, the bags, and the trucks. Taking advantage of Arizona owner-occupied hard money loans can add ease to your move and really take a weight off your shoulders.

Hard money loans are great for getting money quickly and easily. Bank loans can take a long time to apply for and not to mention get approved for. The timeline on hard money loans is much shorter, with reasonable applications and fast approval processes.

This type of loan specifically will allow you to take out money to pay for a new home, then live in it while paying off the loan. If you’re looking to move quickly, taking out an Arizona owner-occupied hard money loan could be a great option for you.

Not all hard money lenders offer owner-occupied real estate loans because they require extra permits that some lenders may not be willing to obtain. So, make sure you do some research to make sure the hard money lender you’re looking at will be able to give you the loan you need.

Many lenders offer bridge loans, which bridge the gap between buying a new house and selling an old one. Even though bridge loans and owner-occupied loans are similar, the key difference between them is that bridge loans do not account for a resident occupying the property in question during the duration of the loan. Arizona owner-occupied hard money loans are more complex than traditional loans in that residents will be staying in the property used as collateral for the loan.

How Do I Apply for a Hard Money Loan?

Like banks, some hard money lenders offer online loan applications. Level 4 Funding of Phoenix has a very short and simple application on their homepage. If you’re worried about entering personal financial information online, don’t. For Level 4 Funding’s application, you’ll only need your name, phone number, email, the name of the loan you’re seeking, and a description of the property you want. That’s it.

Owner-occupied property loans can make your move as easy as pie.

Proven to be one of the most demanding life experiences, moving should be simplified as much as possible to avoid added stress. By taking out an Arizona owner-occupied hard money loan, you can take some of the financial stress away from your move.

Movers and renovations can cost a lot. You shouldn’t have to run dry when you’re buying a new home. Taking out a hard money loan will allow you to pay your movers, make any repairs you need, and get settled in without worrying about shelling out a huge down payment to get your key.

For your owner-occupied loan, think about Level 4 Funding. Their online application process takes less than five minutes, and you’ll get your application results sooner than you would from a bank. Make a helpful choice for your move and apply for a hard money loan today.

Friday, March 1, 2019

Top 10 Easy Renovations for Your Flip

Flipping homes isn’t always a walk in the park. Use loans to flip houses in Arizona to make strategic renovations that will ensure a sale.

Thinking about flipping homes? You’re not alone. It’s becoming a popular pastime and source of income in the United States. With an average profit of $30,000, flippers add huge amounts to their income every year.

If you’re new to the flipping game, it can be tough to know where to start. The best way to begin is to take out one or two loans to flip houses in Arizona, offered at hard money lenders across the country. Loans to flip houses in Arizona can help you purchase your property and complete your renovations. If you’re low on cash, this can be a great way to get the ball rolling.

Once you have loans to flip houses in Arizona and have purchased your property, you can start on your renovations. Beginner renovators may want to seek the help of a contractor to ensure quality, long-lasting renovations. However, it is possible to renew a space without the help of a professional if you have general design knowledge.

Renovations You Can Do on Your Own

Here are the top 10 renovations you can do with your own two hands to make your old property look new again:

1. Update the cupboards.

Cupboards can make or break a kitchen, so it’s important to give them some attention if they’re looking a little worn. A fresh coat of paint can really make old cupboards shine like new. Research cupboard painting techniques to reduce signs of streaks, and then replace old handles with new ones to give cupboards a modern look.

2. Change the light fixtures.

You’d be surprised how much light fixtures can add to a room. Choose new fixtures of the same style to keep aesthetics consistent throughout your home.

3. Add ceiling fans.

While you’re replacing fixtures, include some ceiling fans. A lot of older homes don’t have them, but they can add appeal for potential home owners.

4. Get new appliances.

Buyers love things that are shiny and new. Black or stainless-steel appliances can modernize any kitchen. Depending on the appliances you’re replacing, you may need some help with the heavy lifting.

5. Add some paint.

You can usually see that a home has been lived in based on the interior paint. Cover up scuffs, chips, and scratches with new paint to refresh your whole property.

6. Put in a backsplash.

A stylish backsplash adds a je-ne-sais-quoi to any kitchen. Go for faux tiles, which are prearranged in a square formation and can be easily installed.

7. Bring in some new carpet.

Along with old paint, old carpets can make a home look lived-in. Install new carpeting to add to your flip.

8. Add curb appeal.

Grab your gardening gloves and get to work! Eliminating patchy spots in grass and adding plants to the landscape can go a long way and give your home some serious curb appeal.

9. Switch out the doorknobs.

Doorknobs are likely in every room of your property. If they’re dated, they can add an unappealing “old” feel to a space. Switch out old doorknobs with new, sleek ones that match your property’s updated look.

10. Clean, clean, clean!

No one wants to move into a dirty place. Clean it top to bottom, leaving no stone unturned. Its new sparkle will shine to potential buyers.

Make the most of your loans to flip houses in Arizona with these helpful tips.

Put in the effort and it’s sure to show. Try these easy strategies to revive an old home without using a contractor. Home flipping doesn’t have to be a beast unless you let it. Good luck, flipper!

Thursday, February 28, 2019

Triple Your Income Using Hard Money Loans

Supplement your income with real estate investments using Arizona hard money loans. Hard money lenders can help you get on the path to real estate success by lending you money at competitive rates.

No matter how many figures you make, having multiple business ventures is always a good idea. If one of them fails, you always have another. Not sure where to start? Real estate can be an excellent way to add to your income, especially because the industry offers so many profitable options.

One-time Real Estate Profit Ventures

Building a spec home from scratch allows you to choose strategic design that will ensure a quick sale. Designing a home on the cheap and selling it for more? Great option for some extra money.

Flipped homes are similar, but you can’t really design them from the ground up. You can still choose many aspects of the design in order to make it sell, and once it does, you can make a pretty penny.

Spec homes and flipped homes can be great for earning some cash on a one-time basis. The average profit for a flip is about $30,000. If you’re flipping more than one home a year, you can rack up a lot of money.

To start off, you may want to think about Arizona hard money loans. Fix and flip loans and spec home investment loans are meant to help you start making money from real estate, and they are both offered at the hard money lender Level 4 Funding.

Consistent Income from Real Estate

If you’re looking for a more consistent form of income, rental properties are your best bet. Arizona hard money loans like fix and flip and commercial real estate loans can help you get to the constant stream of income you’re looking for.

Flipped properties don’t have to be sold immediately. Many landlords flip homes and rent them as opposed to selling them outright, giving them consistent income rather than a one-time deal. Monthly rent and utilities can come in handy for payments on your flipped home and give you some pocket money.

Commercial real estate is considered any property that will be used to make a profit, including apartment and condo complexes. Complexes or buildings will be larger investments than flipped homes but rent from several groups of tenants at once can help you pay back any initial investment loans.

Hard Money Lenders and You

Hard money lenders try to work with their borrowers to make the loan process easy. Unlike banks, hard money lenders are all about their clients, featuring streamlined approval processes and even custom payment plans. Research hard money lenders near you to learn more about what they do and how their loans can help you increase your income threefold.

Level 4 Funding is an accountable hard money lender that will help you achieve your real estate dreams.

Based in the American Southwest, Level 4 Funding is a trustworthy money lender that has already lent out $40,000,000 to people just like you. Their loans come at competitive rates and their agents are there to help you with the entire loan process. Start your journey toward real estate success today with Level 4 Funding’s Arizona hard money loans.

Wednesday, February 27, 2019

What Arizona Commercial Hard Money Lenders Can Do for You

Arizona commercial hard money lenders can help you invest or even start a business. See what you can buy with their loans and why you should choose them to finance your next property purchase.

There’s a lot of money in real estate, and it can be wise to make some investments. Arizona commercial hard money lenders can help you purchase property up front to start your investment journey. This can be very helpful if you don’t have the money you need to buy a property at a given time, but you know you’ll be able to pay it back later.

Arizona commercial hard money lenders essentially fund the purchase of properties that will be used to make money, and a lot of things fall under that umbrella. Real estate investment properties as well as business office space can be purchased with commercial loans.

Here are just some of the specific property types that you can buy with commercial hard money loans:

Restaurants

If you’re a foodie, starting a restaurant could be a great idea. As businesses, restaurants are meant to make money, making them commercial properties. You can start the next best steakhouse, grill, dive bar, or luxury fine dining establishment in your town by partnering with a commercial hard money lender.

Retail space

Grocery stores, boutiques, and department stores are all considered commercial real estate because they are retail spaces. These spaces have the potential for profit through sales and can therefore be covered by commercial real estate loans.

Apartment/condo complexes

If you’re the owner of an apartment or condo complex, you own a commercial property. These complexes are considered commercial real estate because they are meant to help owners profit through rent.

Office space

Office space is another form of commercial real estate because the company will profit from the work being done inside them. Office buildings or small suites are both considered commercial real estate.

How to Apply for a Commercial Real Estate Loan

Arizona commercial hard money lenders have much faster application and approval processes than banks, which is helpful if you need your money fast. Some lenders like Level 4 Funding even have online applications that you can complete with the click of your mouse.

To apply for a loan with Level 4 Funding, simply visit their website. Their application can be found on the company’s homepage and will only take you a few minutes. Make sure you know the details of the property you’re interested in purchasing, then head to the application.

Level 4 Funding doesn’t ask you for confidential financial information. Instead, they simply ask for your name, contact information, and a description of the property you’re interested in purchasing. They care about their clients and wanted to make their application fast and easy to complete.

Level 4 Funding will give you your results in no time.

Banks may take weeks to get back to you on a loan, but hard money lenders have much less wait time. Be patient and an agent will get back to you quickly with your loan results.

How Do Arizona Cannabis Business Loans Work?

Looking to get into the cannabis industry? Applying for Arizona cannabis business loans can help you get started.

The cannabis industry is growing and growing with no end in sight. After its recreational and/or medical legalization in many states, more and more people want to get a piece of the cannabis pie. The industry is already worth $31.4 billion worldwide and its future looks bright.

You, too, can be a part of this exciting industry with Arizona cannabis business loans. If you want to get into the market for cannabis but aren’t sure where to start, taking out a hard money loan can be a great first step. This will help you get your business going without you having to pay thousands of dollars right off the bat.

So, how do these loans work?

Like other hard money loans, Arizona cannabis business loans can be borrowed from hard money lenders. You can apply for these loans with hard money lenders online.

Before you apply, though, you should have an idea of what you’d like to spend the money on. For example, would you like to start a brand of cannabis products, like CBD oil? Would you rather start your own dispensary? Decide what will work best for your lifestyle and financial situation and make a mental note.

When you’re ready to apply, check out the Level 4 Funding website and fill in your application. It only takes your name, email, and phone number, plus your description of the loan you’d like and what you’re using it for. Explain your cannabis investment plans and give them as much detail as possible.

When you’re approved for your loan, you can use it to pay to start your business in the cannabis industry. If you need a commercial space for your business, your hard money lender can also help you take out a loan for construction or commercial real estate. Depending on your lender, they might be able to give you 100 LTV commercial real estate financing.

One of the best parts of working with hard money lenders is their flexibility. Hard money lenders are known for working with their clients on payment plans, so you can pay when it works for you. This can be very helpful if you’re strapped for cash.

The good news is that your cannabis industry investment should pay for itself in time.

Invest in the cannabis industry by taking out a hard money loan.

The cannabis industry is growing almost non-stop, and it appears that the industry will only continue to grow. Invest now while the industry is still new and see your profits grow dramatically. To invest, consider taking out a hard money loan. You won’t be sorry.