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

Tuesday, March 26, 2019

Owner Occupied Arizona Hard Money Loans: Do the Advantages Overrule the Requirements for Borrowers?

Thinking of financing your latest project by using your current home as the collateral? Do some research into the area of owner occupied Arizona Hard Money Loans and learn the pros and cons of this route to funding your venture.

While you are wracking your brain in order to find collateral that will satisfy the bank or whatever conventional lender you may have chosen, you may not realize that that you are literally sitting on what might be the best thing for you.

An owner occupied Hard Money Loan in Arizona could be exactly what you need, but these loans have strict specifications set up through the Truth in Lending Act –indeed a lot of people think they are illegal. This is not true, but they are in a class by themselves being stricter than other hard-money related loans.

What kind of requirements do these loans have?

In California, the majority of this type funding must be earmarked for a business investment ranging from increasing your business itself to setting up an office for you to work from in your house. They cannot be for household, personal or family usage. Laws, however, vary from state to state.

Another requirement is that the borrower’s income must be verified through a third-party source.

If the loan ends up being defined as a ‘high-cost loan’, both hazard insurance and property taxes have to be paid in on the first year of the loan. This is termed an ‘impound’ and can only be cancelled by the borrower.

The borrower has to be given a full disclosure statement regarding all of the terms of the loan he/she is taking out. This process is the same as if the customer were dealing with a stand loan through a bank.

Requirements can be strict, but closing can be completed in less than two weeks. Poor credit, a recent foreclosure and/or a loan modification will not automatically keep you from receiving funding. Being self-employed is not the stumbling block it often is with bankers and other traditional lenders either.

These are not the only requirements that owner-occupied Hard Money Loans in Arizona have attached to them, but are a short list of the basics and provide an outline of the structure of this type of funding.

Point: the strict requirements may put some people off, but a point worth noticing is loans that have closed through this process have been approved for customers whose credit score was lower than 600. Another positive area is that proof of income can be shown through methods other than the normal ones demanded. On the average, there are no prepayment fees when a customer pays off the loan before the required time period runs out.

Let your current home work for you in ways you never imagined. Investigate your owner-occupied Hard Money Loan options in Arizona today!

Remember the Devil really is in the details. Do your homework, read the fine print and find out where you stand in regards to the requirements.

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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Are You Eligible For An Arizona Fix and Flip Loan?

This real estate loan is exactly what it sounds like –the buyer purchases a home with the intent to fix it up to sell at a profit as soon as possible. Make certain you know the advantages and disadvantages of these loans before you take one out.

Since an Arizona Fix and Flip Loan is basically a short-term loan, most investors use an Arizona Hard Money Loan letting them buy, repair and sell off a property within a year’s time. Private investors and people you already know are your best bet. They will be evaluating the property value both before and after the renovation is done as well as your ability to complete the project.

This takes much less time that traditional bankers and lenders who go through your background with a very careful eye. If something turns up that is negative, hold up the entire process in order for more proof that you are a good risk according to the rules they have set up for borrowers.

Traditional loans also only look at home’s current value, but they are less expensive than other types of funding. Standard loans also require very strong credit for loans while other types of investor are more interested in past and current projects than your actual numerical credit rating.

When first starting out, finding money may be difficult and borrowing against private assets and setting up an escrow account to use might be required. Interest rates can often range from 10 to 20 percent per year.

So, is this type of loan the way for me to take?

Your traditional lenders—banks, mortgage companies, most finance companies--will not lend money if there is a health or safety issue with the house. Arizona Fix and Flip Loans are not restricted by this concern.

Arizona Hard Money Loans can be closed within a week if you end up with a good professional lender. These lenders are looking at recovery for themselves however—they want to feel assured that you can renovate the house and sell it as quickly as possible in order for them to recover their money. Liens on the property are attached so if a sale falls through they can be assured of getting their money back.

The longer you are in business, the less you’ll pay for a loan—sometimes a borrower may can receive 100 percent and have several projects running at once depending on past performance.

Find out all the details, advantages and disadvantages, beforehand instead of just jumping in over your head first thing.

Be a detective before going down this road—Arizona Fix and Flip Loans are not the answer for everyone. It will pay you to be as certain as possible that you will be able to perform in this area--the adage ‘knowledge is power’ is very true.

Monday, March 25, 2019

Arizona Bridge Loans: How Can I Tell If This Funding Is Right For Me?

The financial market is filled with numerous types of loans. Take time to learn the advantages and disadvantages of Arizona Bridge Loans before you go any further.

The world of financing is filled with numerous types of funding ventures, conventional bank and mortgage loans, private loans, revolving money accounts and that is just to name a few. Confused? Most people are, but we can lend you a helping hand in understanding this particular kind of funding. Here are the basics involving these particular loans and why you might want to consider this route in your quest for financing.

An Arizona Bridge Loan is normally taken out by an individual who needs funding for the difference between a cost of a new home and the money he/she will receive from the sale of their present home in the event that the closing has not occurred before that time.

Do you wish that you could close while your current property is still on the market? Providing conditions are met, these loans can entitle a seller to go ahead and purchase the desired new property before an existing property is sold.

Sometimes an Arizona Bridge Loan allows a few months that free you up of any payments on the new home, something most buyers find highly desirable.

While a home equity loan is less expensive than these types, some lenders will not make an equity loan if the home is currently on the market.

The contingency to sell (meaning that the buyer’s first home must sell before the second home can be purchased) can be removed. The purchase of the new property can be forwarded if the buyer has made a contingent offer and the seller issues a notice to perform. This avoids a long drawn-out escrow process and the possible discovery that the seller has no intention of completing the sale. California is the only state that legally requires an action like this, but it is used in other states as well.

What should I do in order to know if this type of loan is the one I should make?

Be wary of moving too fast, however, there are other things to consider when taking out an Arizona Bridge Loan. First, they are much more expensive than most standard loans. Secondly, the purchaser must meet the qualifications set by a lender to own both homes and requirements are normally pretty strict for this.

Decide if this particular loan is the best kind for your situation and find a lender that works for you and your needs.

Other than-standard loans are not right for everyone—do your homework and find out what pitfalls there are in this type funding. Working without all the facts in this instance can often be costly and time consuming, two things you are trying to avoid by going this route. Get out there, take in all the things you need to consider and find the best thing for you!

Retire Early with a Real Income from Colorado Rental Property Loans

The right investment in a rental property lending opportunity can open the doors you need to retire early! Learn how to make a real income with Colorado Rental Property Loans and how these amazing lending opportunities are transforming lives.

Imagine having the free time to get back to spending time with your family and doing the activities that truly make you happy. With the right lending opportunity, you can get started with making a large income by collecting a residual income from rental properties. How might this amazing opportunity be possible?

When you invest in a rental property, you are investing in a residual income that you can count on. If you were the owner of a rental property, whether it was an apartment complex, condo, or home, you would have the opportunity to collect rent from your tenants every month as the owner of a rental property with the financial assistance of a Colorado Rental Property Loan.

You can even become a rental property owner without having any prior experience as a landlord or even without performing the maintenance on the properties yourself. You can start owning your own one of a kind arrangement of investment properties or rental properties without having any jack of all trades abilities quickly with the financial assistance of Colorado Hard Money Lenders.

Colorado Rental Property Loans are a maturing market that you should be genuinely considering if you are not kidding about accomplishing your money related objectives and achieving the financial freedom of your dreams. What is so incredible about putting resources into rental property ownership? Rental properties, for instance, are fit for holding their incentives as long as you are mindful so as to pick the correct inhabitants, monitor your properties, and are certain to hold the correct protection such as rental property insurance. What's great about investment properties is that they can create some type of income every single month as long as your occupants pay their lease. You can ensure this occurs via cautiously picking your inhabitants and avoiding those that are flighty or are bad about paying rent.

Rental properties that you own can create this residual income without you have to manually complete any intensive renovation projects or maintenance on your own. You can use the finances for you loan to outsource your labor and just watch the cash flow in.

Get a Hold of Your Financial Future with Colorado Rental Property Loans

Don’t miss out on the exciting opportunity of becoming the owner of rental properties by obtaining the financial means to get started with the assistance of Colorado Rental Property Loans.

Don’t delay in finding the right Colorado Hard Money Lenders for helping you achieve your financial goals.

Not only can the right Colorado Hard Money Lenders introduce you to amazing Colorado Rental Property Loans, they might be able to offer you a variety of financing options that can help expand your horizons.

Sunday, March 24, 2019

Why Colorado Private Money Lenders are the Perfect Lending Solution

Tired of being denied for a loan at the bank? Visit a Colorado Private Money Lender today to learn more about private money lending solutions that don’t require you to have a perfect credit score.

A poor credit score can sometimes feel like an overwhelming burden. Has your low credit score kept you from being able to be approved at a loan at a bank? It’s time to stop walking in circles and getting stuck! Choose a hard money lending solution instead of a traditional broker and finally have the financial freedom to get into your dream home or start making big real estate investments.

Colorado Hard Money Lenders don’t function like more traditional money lenders and can be the perfect solution for someone with a poor credit or someone that does not have a lot of experience with lending.

Wondering how to get started searching for the right Colorado Private Money Lenders? A private speculation opportunity can be the ideal solution for you on the off chance that you don't have a decent FICO assessment. How would you locate the correct moneylender for your circumstance? What is the most ideal approach to pick a bank in your general vicinity?

Pick credits from individuals you currently know or are familiar with. When beginning, the best approach might be to find anyone willing to give you the assets you have to begin putting resources into your financial ventures and real estate goals. If you are just starting out, you may not have adequate resources to go at it on your own so finding a business partner of sorts can be an ideal approach. You’ll have more leveraging power when you seek out money lenders.

Attempt to begin engaging with your nearby real estate market contributing network so you can begin to develop the crucial and beneficial associations that may prompt different ventures. During this process, you can meet new individuals and begin to prompt new business ideas or open previously closed doors. Attending as many networking functions as possible will enable more individuals to find the opportunity to know you.

Get the opportunity to start to work your way towards all the harder cash loan specialists that can open more entryways for you. Regularly, these moneylenders are specialists in the sorts of advances that are important for flipping real estate projects and different ventures, and they work quite uniquely in contrast to conventional banks.

Choose the Right Colorado Private Money Lenders for Your Goals

The right hard money lending opportunity can be a gateway for you and your family.

Do your research and get familiar with the various real estate networks in your local area.

Don’t be afraid to ask the hard-hitting questions and to introduce yourself to as many people as possible. Colorado Hard Money Lenders are here to help your dreams come true!

Move into Your Dream Home with Colorado Hard Money Lenders

No credit? No problem! Learn how Colorado Hard Money Lenders are helping transform lives and get people into their dream homes with little to no money down.

You may think that you are many years away from the white picket fence life and dream house that you have always wanted. A poor credit score or other financial burdens may even leave you thinking that you will never be able to get into that dream home! However, Colorado Hard Money Lenders are making it possible for REAL people to move into the dream homes with exciting lending opportunities that require little to no money down.

This process of obtaining a lending opportunity with a Colorado Hard Money Lender is being practiced all throughout the United States and is not only gaining popularity for individuals who are hoping to build a career on the real estate market, people are also using hard money lending opportunities as a way to get into the house of their dreams.

The truth of the matter is that it is critical for your money related objectives and your budgetary arranging that you know and are well are of the advantages and disadvantages that can go with the entire process of flipping a property or buying properties. Buying properties is a hazardous activity with the intention of flipping because there are many inherent risks and things that can go wrong. However, this risk can lead to great rewards when done the right way! With the right financial backing and the assistance of Colorado Hard Money Lenders, you will be equipped with the financial tools that are required to succeed in the world of real estate. These types of exciting financial opportunities could not only be used to flip houses but can also be employed to help you and your family get into your very own dream home!

With Colorado Hard Money Lenders Opportunities are Endless

Hard cash and finding the correct hard cash money lenders to work with gives you an approach to start to obtain cash without experiencing the extensive procedure of utilizing the common practice that at a more conventional bank setting. The advances that you will get from hard cash are advances that originated from people or private financial specialists who can loan cash dependent on the property you're putting resources into as security. This is high hazard and high reward despite the fact that it begins off with a negligible venture in advance and should be possible regardless of whether you don't have a solid FICO score or past record of loan repayment.

Get into your dream home or build a career in real estate with the right Colorado Hard Money Lenders.

Financial assistance does not need to be a headache to obtain. You can achieve your goals and get the financial future you deserve by finding Colorado Hard Money Lenders near you.