Despite popular belief, the real estate market isn’t dead
While it’s true the real estate bubble has left a bad taste in everyone’s mouth, the market is still far from completely dead. Oversaturated, perhaps, but dead? Not even close. People will always need to buy houses and live inside them (that’s rather obvious), the only difference is now there are more houses than needed for this market and hardly anyone can afford one. Has it gotten that bad out there? Afraid so. Is it getting better? It certainly seems that way.
Those that garner business by flipping old, unloved and neglected properties have found that a house in mint condition will sell much better against a house that’s laid unoccupied since it was conceived. And the secret to acquiring and fixing up such properties is Arizona hard money.
Getting a loan approved by a hard money lender Arizona is relatively simple. These types of loans are backed by private hands and are usually approved within days, without credit or background checks, unlike more laborious and delayed (not to mention often rejected, especially lately) loans from major banks or mortgage companies. If you aren’t looking to move in but simply want to renovate and resell for a profit, this is the path to consider.
Because of people daring enough to tackle such challenges, many people are finding hard money is the way to go in order to sell a nice looking house. And as the market only seems to improve, there’s a lot more confidence being built in such projects. All it takes is a little research and a little faith in economics. Everything will bounce back in the end.
In many of the metropolitan Phoenix area’s suburbs, there are dilapidated and neglected homes that were hastily built in the infamous real estate bubble. We’ve hardly even recovered from the dot com bubble and now there’s this? What next, right? And while suburbs like Surprise, Peoria, Gilbert, Chandler and Avondale are suffering, there’s still a demand for houses, however small it may be.
So if you’re a real estate agent in this day and age, it may be next to impossible to put bread on your family’s table. That’s why many are switching to hard money lenders Arizona to find ways to make ends meet. All they do is approach some kind of private money lenders Arizona and get an nearly instant approval for their loan, then they start on hiring the local painters, landscapers and other fixers and cleaners to help flip the property. This is happening all around you, in neighborhoods across the country, because a decent house that stands out above the rest of the decaying crap is all you can really sell.
And if you do sell it, which is still possible, believe it or not, you can make yourself a very healthy profit. It’s not rocket science – it’s just private mortgage loans. It may be more difficult to do this than it was even five years ago, but it’s not impossible. After all, anything worth doing is worth doing right and hard work usually pays off.
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
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.