If you’ve been wondering how to make it big in real estate investing, consider Texas Hard Money Loans. Find out how you can use them effectively.
Time is money when it comes to real estate investing. When a good property hits the MLS, it can be minutes before it’s sold. This is why you need to find a way to have the cash you need quickly.
Texas Hard Money Loans make it possible for you to have this cash as soon as you need it. It only takes a day or two to have it deposited into your bank account, and all you need to secure is property. You can use any property with equity.
This is how to use Texas Hard Money Loans in real estate. Look for a property that you can easily flip for much more money than the purchase price. Foreclosures are a great option, but you can also look for distressed properties that need to be fixed up. Fixer uppers do take more time to see a return on, so if you’re looking for a faster return on your investment, a foreclosure would be a better choice.
Once you know the property you want to buy, put a contract on it while you go through the process of applying for the loan. Since the loan only takes a day in most cases to be approved, you will have it available when you need it for closing.
Once the closing happens, do what you need to do to the house to get it ready for the housing market. It may need to cleaned, minor repairs may need to be made, etc.
It is important to make sure the property is fit to sell because you don’t want to be stuck with it for months. Hire a good real estate agent and do your own marketing of it to boost whatever the realty office does for advertising it.
When the house sells, you can take the money to pay back the loan plus interest and still have a big chunk for profit. It’s a great way to make a few tens of thousands of dollars.
Do your research on Texas Hard Money Lenders before you start researching properties to buy. You need to know who you’ll use when you’re ready. When you find the person, you want to borrow from, ask as many questions as you have, so you understand the process fully. After that, you’re ready to make big money in a fast way!
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.