3 Things to Consider to Ensure Your Hard Money Arizona Loan is a Smart Move

3 Things to Consider to Ensure Your Hard Money Arizona Loan is a Smart Move

Jenna Jacques,
licensed realtor and experienced home-flipper, allowed us to pick her brain on
how to make smart moves in the industry. In this final installment of a four-part
series, we present the information she gave us on how to be successful with hard money Arizona fix and flips, as
well as how to choose the best partners.

As a highly-experienced real estate agent, Jenna Jacques’ Zillow reviews
now boast that she has sold more than 40 homes in the past 12 months. While
many of these are traditional home sales, a good portion of them are also her
own rehab projects. She’s had the opportunity to work with numerous loan types
over the years, so when it comes down to doing hard money Arizona fix and flips, she’s able to provide a helpful
and unbiased opinion on what works.
1. Educate yourself
on loan structures and payment expectations.
The first bit of advice Ms.
Jacques shared is that “Hard money loans are a great way to be able to fund
your rehab, but make sure you know what you’re getting into.” The terms hard money Arizona lenders offer are
different from traditional loans. Although they’re much easier to obtain,
because approval is largely based on a property’s value, they’re geared more
towards short-term borrowers.
2. Choose a reputable
“It is important to work with someone you trust and someone that
has your best interest at mind,” Ms. Jacques explained. Packages offered by
different lenders will vary greatly. The interest, number of origination
points, length of the loan, and other details will change, so you have to work
with someone who genuinely cares about helping you succeed, so you receive the
best package possible.
3. Be familiar with
the industry as a whole.
When we asked Ms. Jacques how she got her start
with fix and flips, she responded, “I did research, lots and lots of research.”
Having a firm understanding of the industry and process as a whole plays an
integral role in your overall success. Before you get into financing or buying
a home to rehab, you have to know whether the home will pay off.

Successful Rehabbers Using Hard Money Arizona Loans Make Calculated Decisions

Probably the most continuous theme in the interview with Ms.
Jacques is that she’s an advocate for education. Every time she flips a home,
it’s systematic. She evaluates it on several levels, and only goes forward when
the property meets all her criteria. Her behavior is typical among successful
flippers. While newcomers to the trade may rely on gut feelings and hope for
the best with an investment property, the seasoned flipper stacks the deck in
her favor, by only choosing to work with properties that add up. She also plans
every aspect of the rehab, so she knows exactly what will happen and on what
kind of timeline.

By using hard money, Arizona fix and flips can be a successful and
lucrative venture.

Ms. Jacques’ story is very inspiring, and shows how far
self-empowerment can take a person. She’s actually a nurse by trade, though she
always had an interest in home renovations and real estate. She took it upon
herself to learn everything she could before she began- not just about hard money Arizona lenders provide, but
about the industry as a whole. With that said, there might be something more to
the secret of her success. “I love helping people find their dream homes,” she
explained. While it’s clear she has found her calling, and that it has helped
her on the path, she doesn’t dissuade others from following suit either.
Instead, she advocates self-empowerment, and suggests that anyone getting into
the business do as much research as possible before jumping in.

If you’d like to read more about
Jenna Jacques or connect with her, visit her on Facebook or check out her
personal website, JennaJacquesHomes.com.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 

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

111 Congress Ave |Austin | Texas | 78701

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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.