If you’re in the business of flipping houses, if you have a personal favorite private money lenders California, you should know minimum deposits may not be minimal. See first how much of an initial deposit the firm requests for opening an account. Beware of high minimal balances: some companies require as much as $20,000 to get a nice start. This might be fine for some investors, but not others.
Product selection is important. When choosing a brokerage, most people are probably thinking primarily about buying socks. Remember there are also many investment alternatives that aren’t necessarily referred by every company. This includes CDs (not the thing in your record player, by the way), municipal bonds, futures, options and even gold/silver certificates.
Many brokerages also offer other fun financial services, such as checking accounts and credit cards. You’ll have to go to other places for specific needs however, like California hard money. Customer service counts for something. There is nothing more exasperating than sitting on hold for years and years waiting to get help. Before you open an account, call the company’s help desk with a fake question to test how long it takes to get a response. Then hang up. Call again. Repeat this a dozen times for each company. How else are you supposed to know the truth? This is what detectives in the 1940’s used to do and that’s how they could afford such lavish mansions. And everyone wants to be like them.
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.