California is one of those places that gives you that feeling of fame and fortune. It comes with the territory to be honest; you see that glitz and glam and it gives you an air about yourself that is different from other places. From that movie premier to seeing your favorite actor eating at a local bistro, California is the place that you want to be. However, as a California hard money lender, is celebrity real estate the option for you?
For people that move to places like New York are like crucibles to test your grit and determination. California has the laid back appeal of that everyone loves; especially celebrities of the A-List variety. Obviously there is a market for celebrity real estate and it does not always have to be with actual celebrities. For investors new to the state, should look into this type of real estate if they are looking to making some profit.
As a California hard money lender it could be advantageous to dabble in the celeb realty market. There are so many things can be done that stem from working within this industry as well. Of course you can always go the fix and flip route with lending loans to investors that are trying to buy a home that so and so lived in a few years ago. The market is always open for people that are looking to live in a place that an actor or famous writer has lived in. You have to be on the ball when it comes to looking for investors like this, however. Just like a lot of careers, these types of listings could be on the market quicker than the blink of an eye.
What other forms of real estate can a California hard money lender can benefit from celeb real estate?
The fix and flip market is not the only avenue that you have at your disposal when it comes to the celebrity real estate market. There are hundreds of different ideas that you could possibly invest your money in. For example a lot celebrities are branching out and getting to the franchise business. Depending on location and how much time and effort. For example, say a top chef has decided to open a line of restaurants in the Southern California area. Most likely the business will be moderately successful and you will get your money back within the first couple years of the loan.
When you are focusing on celebrity clients, as a California hard money lender, there may be less issues.
You can never be too sure when you are dealing with a new client, but with a celeb client you may have a better chance of a return on your initial investment. This means that you have to wait less time to go after another possible client. Less hassle, less headaches. Also it could mean more business from top quality clientele through word of mouth. Since you are a California hard money lender most likely you have to do a lot of your own publicity; with celeb clientele there is less you have to worry about.
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.