These two terms are often interchanged and it’s really done incorrectly. So you should know what separates these two terms is the source through which you are obtaining financing. If you are using private money lenders California, it means you have direct access to a special kind of investor who will put up the capital to fund your deals. Usually it’s someone that you know such as a relative or friend. But even if it’s not, you have to find this person and convince them you and the property you want to buy are worth investing in! Otherwise, why would they be interested?
That’s not the easiest thing to do for most people, but learn to be comfortable with rejection and things will turn around. Hard money lenders California are essentially a conduit between private investors who want to fund real estate investment deals and people who need financing, but don’t have direct access to a private investor.
Knowing these two essential differences is key to how you’re going to get your loan approved. You can walk into the office of an investor and feel proud knowing damn certain that you can explain what you want and how you will get it. It’s part of the job and part of the risk – knowing what you’re getting into, having a plan and overcoming obstacles, just like Lance Armstrong. Maybe you’ll even feel like a hero. Maybe you’ll be setting a good example for future generations. Most of all, maybe you’ll make a profit.
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 | 85027111 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.