No matter how many figures you make, having multiple business ventures is always a good idea. If one of them fails, you always have another. Not sure where to start? Real estate can be an excellent way to add to your income, especially because the industry offers so many profitable options.
One-time Real Estate Profit Ventures
Building a spec home from scratch allows you to choose strategic design that will ensure a quick sale. Designing a home on the cheap and selling it for more? Great option for some extra money.
Flipped homes are similar, but you can’t really design them from the ground up. You can still choose many aspects of the design in order to make it sell, and once it does, you can make a pretty penny.
Spec homes and flipped homes can be great for earning some cash on a one-time basis. The average profit for a flip is about $30,000. If you’re flipping more than one home a year, you can rack up a lot of money.
To start off, you may want to think about Arizona hard money loans. Fix and flip loans and spec home investment loans are meant to help you start making money from real estate, and they are both offered at the hard money lender Level 4 Funding.
Consistent Income from Real Estate
If you’re looking for a more consistent form of income, rental properties are your best bet. Arizona hard money loans like fix and flip and commercial real estate loans can help you get to the constant stream of income you’re looking for.
Flipped properties don’t have to be sold immediately. Many landlords flip homes and rent them as opposed to selling them outright, giving them consistent income rather than a one-time deal. Monthly rent and utilities can come in handy for payments on your flipped home and give you some pocket money.
Commercial real estate is considered any property that will be used to make a profit, including apartment and condo complexes. Complexes or buildings will be larger investments than flipped homes but rent from several groups of tenants at once can help you pay back any initial investment loans.
Hard Money Lenders and You
Hard money lenders try to work with their borrowers to make the loan process easy. Unlike banks, hard money lenders are all about their clients, featuring streamlined approval processes and even custom payment plans. Research hard money lenders near you to learn more about what they do and how their loans can help you increase your income threefold.
Level 4 Funding is an accountable hard money lender that will help you achieve your real estate dreams.
Based in the American Southwest, Level 4 Funding is a trustworthy money lender that has already lent out $40,000,000 to people just like you. Their loans come at competitive rates and their agents are there to help you with the entire loan process. Start your journey toward real estate success today with Level 4 Funding’s Arizona hard money loans.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.