All posts by bigdaddydennis

The Real Deal on Airbnb Loans

Airbnb hosting is a tempting opportunity for homeowners—make money off the property you own as a vacation rental.

Hosting an Airbnb can be quite a nice chunk of added revenue stream. Currently, close to 3 million people have listed their homes as Airbnbs. Location will depend on the profit homeowners make with their rental. However, the average homeowner brings in close to $20,000 per year in additional income.

Don’t expect to make much profit if you live in a small middle of nowhere town. However, a beach city such as San Diego or a city like Phoenix, who hosts MLB Spring Ball, are the types of cities that can get rental property owners a lot of money.

Time is another factor in the equation of Airbnb. How much time will you have? Will you clean after your guests depart or will you hire a service? What if the dishwasher floods the kitchen—is it you running across town to fix it or do you have a handy man? Each time you hire someone that will affect your profit.

Location and time are important when factoring in the idea of owning an Airbnb. However, the big question is—how will you finance a vacation home that you can legally rent out?

Taking out a hard money loan for your rental property investment can really help you get the ball rolling. Hard money lenders base their loans in equity rather than on your financial history, allowing borrowers with even the worst of credit to get approved.

Check out some hard money lenders near you to learn more about the process and see if it’s right for you.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Conventional Versus Hard Money Rental Property Loans in Arizona

Which of these rental property loans do you qualify for?

You are getting into the rental property business. Maybe you have done the research and have looked at various neighborhoods in a particular city, area, or neighborhood that are able to give a good return on long term housing rentals. Great. You have the idea, the research, and the iron will to push forward, but you are left with a crucial question: where is the money to do this? The answer for many investing into the renting business is found in locating a comfortable financing situation.

First, what type of loan are you looking into, hard money or conventional? If conventional, do you have a strong credit score, a record of financing and renting out homes, a comfortable amount of cash down (20%-30%), and a favorable debt-to-income (DTI) ratio? Also, is the real estate you are looking to buy in good shape—not distressed or in need of a solid renovations?

If not, Hard Money Rental Property Loans in Arizona are your next option. Hard Money Rental Property Loans in Arizona have less stipulations than conventional lenders. To receive such a loan as this, a borrower must have enough cash down, 20% to 60%, to create a favorable loan-to-value situation for his or her lender. Otherwise, he or she will need to leverage current real estate assets owned to mitigate the lender’s risk. By leveraging property, especially with excellent positive equity or with no debt owed, up to 100% LTV is possible.

Benefits of Hard Money Rental Property Loans in Arizona

On top of this, previous credit issues such as bankruptcy, foreclosure, and delinquency can be overlooked in favor of an optimistic equity situation. Don’t worry about the past, it is time to live in the glory of the entrepreneurial present.

Talk to your hard money broker today at Level 4 Funding to get the rental property loans you need.

Another benefit of using Hard Money Rental Property Loans in Arizona, is that you are able to buy distressed property. This is a benefit if you are interested in renovating to rent a house since purchasing a house is cheaper than purchasing other refurbished units in an area. Though this may take honing a few more skills and becoming one with your inner weekend warrior, many are able to get more returns by paying less in these instances. If hard money lending seems right for you, talk a hard money broker at Level 4 Funding.

                                           
                                                      

                                                                                                                                         Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Yurts Make Money: Airbnb Loans for Glamping

Get an Airbnb loan in Arizona to reap the benefits of the glamping industry.

Outdoor, short-term rentals are on the rise according to a recent article in the New York Times: “Now known as glamping—short for glamorous camping—the hybrid of camp and resort has exploded, bringing a wave of new glamping destinations this year in a variety of price ranges.” In an age of office jobs and commutes, individuals are eager to set aside the grind of the city and enjoy the bliss of nature. The glamping market offers an escape with many of the luxuries of home: heated shower, king-size bed, running water, in-door pluming, and cozy stove, even accessible Wi-Fi included.

Much of the rise in glamping is due to millennials. Recent studies quoted by Fast Company state “that  72% of millennials (currently the U.S.’s largest generation) would prefer to spend money on experiences than on material objects.” This means that there is a growing market for those who value experiencing a unique moment instead of a monotonous stay at a hotel, and glamping satisfies the civilized needs of a client while bolstering an iconic, photo-worthy moment.

So, what are the costs? By searching Airbnb, yurts and elaborate canvas tents can charge up to $500 per night in touristic destinations. A glamping kit for building a yurt costs $2,000 to $5,000. Larger, elaborate, and completed yurts go from $10,000 to $20,000 dollars and can be as large as 30’ in diameter! Add to the this a set of furniture, a septic tank and toilet, an accessible energy source, a propane shower, and a kitchenette. These comforts allow for the possibility of a summer retreat or a cozy winter getaway.

Airbnb Loans for Glamping Investments

Hard money Airbnb loans are a consideration for getting a glamping business up and running. First off, property, generally at least half an acre, is needed in a wilderness environment that entices tourists: a mountainside, lakeshore, or Zion-esque desert. Research Airbnb and other real estate sources to find a location that is suitable to glamping and that can sustain an occupancy rate that will make for decent returns.

Use Airbnb loans to invest in glamping property and equipment.

Get your business up and running in no time at all.

If property is already available, then using Airbnb loans in Arizona for investing in glamping equipment may be a factor. How many glamping units are needed per each portion of land? What is the cost of the needed glamping accessories and property development? Should receiving Airbnb loans in Arizona for glamping interest you, talk to your talk to your hard money broker for more information are Level 4 Funding.

                                       
                                                      

                                                                                                                                         Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Arizona Fix and Flip Loans: Hard Money v. Conventional Loans

Looking for money? Are you eligible to receive a conventional Arizona fix and flip loan?

Though difficult to acquire for many flippers, mortgage loans present opportunity for borrowers possessing the following:

· High credit scores: Creditworthiness is a big indicator for conventional banks. They will want to see a borrower’s track record in regard to Arizona fix and flip loans. Has the borrower payed bills well in the past? Has the borrower had any delinquencies such as missed payments? Have there been any foreclosures or repossessions? Essentially, to the banks, credit history indicates the risk of loaning.

· Favorable debt-to-income ratios: This is the total debt figure divided by income. Banks use this ratio to calculate if a potential borrower is able to make payments, especially after adding any requested loans. Max debt-to-income ratio for conventional banks tends to hover between 40%-50%.

· Considerable or significant assets: Collateral is another crucial factor for receiving a conventional loan. What types of assets, general property or equity in property, does the borrower possess? Is the proposed collateral enough to buffer the lender in the unforeseen event of foreclosure?

· Completed jobs: Conventional lenders look for a history of profit, repayment, and success as good omens. What is the borrower’s track record? Has the borrower been able to repay previous flipping debts?

If the borrower has a favorable history in many of these areas, he or she is more likely to receive funding for Arizona fix and flip loans. The upside to receiving a traditional home loan is, for one, a very low interest rate, some of the lowest. On top of this, the loan-to-value (LTV) can reach up to 80%. On the downside, conventional Arizona fix and flip loans may not be a great choice for individuals who are new to the fix and flip market and thus have a limited amount of completed flips.

Do to the drawn-out nature of submitting and reviewing credit applications, typically taking months to complete, conventional lending presents complications for those looking to bid on wholesale, foreclosed, or short-sell property, which may need a quicker source of financing to acquire. Finally, the challenge of acquiring distressed or hazardous property—conventional lenders are typically interested in property that can be lived in. If there is neglect, structural issues, or other issues that prevent this, the bank is likely to withhold funding.

Rotten Credit? Hard Money Arizona fix and flip loans May Be an Alternative

Though many potential borrowers do not fit the rigorous credit archetype delineated by conventional lenders, there are still other options. Arizona Hard Money Lenders have formed a safe haven for entrepreneurs possessing a rocky credit history, limited experience, or limited assets. They have also provided opportune funding for those looking to purchase property quickly.

Bad credit, limited experience, or few assets?

Hard money Arizona fix and flip loans may be right for you.

Need help flipping a home? To receive more information regarding hard money lending, talk to a hard money broker today at Level 4 Funding.

                                     
                                                      

                                                                                                                                         Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

How to Risk Less with Texas Hard Money Lenders

 

Should you want a hard money loan, Texas hard money lenders may be your greatest buddy. From much less paper work to quicker closing instances, there are lots of advantages to utilizing a Texas hard money loan in contrast to a financial institution loan. Nevertheless, since a hard money loan is extra funding pushed, it will be important that you just take all obligatory steps to reduce your monetary dangers and maximize your rewards. 



In case you are out there for hard money loans Texas traders use and trust, you then want Texas hard money lenders. A Texas hard money loan is a specialised kind of financing that makes use of actual property to again the loan. Hard money loans are primarily used as funding loans or quick time period financing till a daily loan may be obtained. They’re used for repair and flip investments in addition to bridge financing. Hard money loans can be used as a brief time period loan when money is required for one thing like an public sale buy that’s then refinanced to a conventional loan at a decrease fee. The first cause that hard money loans are used as quick time period investments is their greater rates of interest.

There are a number of advantages to hard money loans for debtors. Firstly, hard money loans from Texas hard money lenders have fast closing instances. This helps Texas traders get money quick to find a way to make robust gives, financing in hand. Secondly, hard money loans aren’t contingent on the borrower’s funds so traders with low credit score or a excessive debt to revenue ratio can nonetheless get the money they want. Lastly, hard money loans are versatile with the choice to cross-collateralize and borrower extra and even lengthen the phrases of the loan if obligatory.

Texas Hard Money Lenders Need YOU to Know, three Methods to Reduce Risk with Hard Money Loans

Whereas there are lots of advantages to hard money loans, there are nonetheless dangers concerned. So as to assist shield your self and your funding, listed below are 3 ways to danger much less.
1. Have the property buy you’re making appraised. The primary means traders lose money with hard money loans is by a house not promoting for as a lot as they thought it could. Have the property precisely appraised before you purchase it. This may make it easier to danger much less.
2. Make good renovation selections. In case you are renovating an funding property, Texas hard money lenders advocate that you just select your renovations rigorously. Spend your money the place it actually issues and transform the house in methods that can get you essentially the most bang in your buck.
three. Pay  the loan off rapidly. The reality about hard money loans Texas traders depend on is, they’ve greater than common rates of interest. The quicker you possibly can pay the loan off, the much less the rate of interest will matter.

Upon getting determined hard money loan is the suitable selection in your funding, discover Texas hard money lenders to lend a serving to hand.

Listed here are Stage four Funding we’ve got loan officers who specialise in Texas hard money loans. Name our workplace at present to get your questions answered and get began at present! 

 

Dennis Dahlberg Dealer/RI/CEO/MLO

Stage four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701






 
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In regards to the writer: Dennis has been working in the actual property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years outdated. He rapidly discovered concerning the superb funding alternatives supplied by trust deed investing and hard money loans. His need to assist others make money in actual property investing led him to specialise in various funding for actual property traders who could have hassle getting a conventional financial institution loan. Dennis is enthusiastic about various funding sources and sharing his data with others to assist make their goals come true.

Dennis has been married to his fantastic spouse for 38 years. They’ve 2 lovely daughters four superb grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

5 Tips for Becoming a Successful Landlord Using Texas Hard Money Lenders

 

Many individuals are taking
loans from Texas hard money lenders
and investing it in a rental property. It may be a profitable enterprise, however you
should know the business nicely.


 

Texas hard money
lenders
can give you the upfront funds it’s good to safe a
property that you simply want to convert into a rental, nevertheless it’s as much as you to show it
into a cash-flowing enterprise.

1  1.
Select the neighborhood fastidiously. You’ll want
to scout out which neighborhoods have excessive rental charges, so your emptiness will get
stuffed and stays full.
   2.
Choose a house that wants beauty repairs.
Unpleasant defects are simple to repair, however they will significantly scale back the value you
should pay for the house. Have it checked out by a contractor earlier than you signal,
so that you aren’t stunned by expensive repairs later.
three.
Analysis rental charges and examine your complete
bills and maintenance with what you may count on the house to lease for. Don’t
improve the home a lot that your rental payment exceeds comparable houses within the
neighborhood.
four.
Display screen your tenants fastidiously. You’ll have to
run background checks and presumably credit score checks as nicely. Arrange your rental
contracts to guard you within the occasion your tenant isn’t the whole lot you hope
for.
5.
Have a plan for refinancing or paying off the
house when the loan out of your Texas hard money lenders concludes. Though the sort of funding may also help get your
foot within the door, it isn’t a everlasting resolution.

Is Becoming a Landlord Using Texas Hard Money Lenders Proper for You?

The selection to grow to be a landlord shouldn’t be taken frivolously.
It requires a lot of planning and strategic considering with a purpose to flip it into a
profitable enterprise. Nonetheless, after getting the preliminary work executed, it’s
usually simply a matter of maintaining with common upkeep across the house
and troubleshooting any points your tenants have. Though it isn’t really
residual revenue as a result of you need to make certain the home stays in correct kind,
it’s typically a very laid-back job that doesn’t require an excessive amount of consideration. Most
of this comes all the way down to glorious planning and selecting the most effective tenants.

Is Getting a Serving to Hand from Texas Hard Money Lenders the Finest Method to
Grow to be a Landlord?

There are various paths that may result in the identical outcome-

acquiring a rental property. Nonetheless, banks will have a look at your credit score historical past,
revenue, and different particulars to see if you happen to qualify for a loan. Texas hard money lenders largely focus
on the worth of a property, and the funds they supply can kick off your
entrepreneurial begin. In case you have a technique for methods to get hold of a long-term
mortgage after the time period ends, otherwise you’ll have the ability to repay the debt in its
entirety, it may make the entire course of a lot less complicated. It’s at all times advisable
to get the opinion of an skilled earlier than delving into issues, however in the long run,
you’ll should weigh the professionals and cons for your self.

Dennis Dahlberg
Dealer/RI/CEO/MLO

Degree four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:     (512) 516-1177 

dennis@level4funding.com

www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

 
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In regards to the writer: Dennis has been working in the actual property business in some capability for the final 40 years. He bought his first property when he was simply 18 years outdated. He rapidly realized concerning the superb funding alternatives supplied by trust deed investing and hard money loans. His want to assist others make money in actual property investing led him to specialise in various funding for actual property buyers who might have hassle getting a conventional financial institution loan. Dennis is obsessed with various funding sources and sharing his information with others to assist make their goals come true.Dennis has been married to his fantastic spouse for 38 years. They’ve 2 lovely daughters four superb grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

 

Secure Returns: Loans to Flip Houses in Arizona Help Flippers Earn More Money

Need cash to get into the flipping game? Hard money loans to flip houses in Arizona may be right for you.

Flipping homes offers many benefits to real estate investors. One of the main appeals to flipping houses is it offers investors a return within a short amount of time. Within a few months to under a year, investors locate, purchase, and renovate a property presenting a return potential. The return on investing in a flip home is large, usually close to 50% and sometimes even higher. Not bad.

But where do flippers start? Typically, investors purchase properties during a booming housing market, a time when real estate prices are on the rise. (Like right now, when flipping is at its highest since the mid-2000s.) The rising cost of homes indicates a rise in equity and an increased possibility of a good return. With this in mind, flippers tend to find distressed property in a neighborhood where renovated homes are selling well. They will do their homework and look at the “comp” or comparable sales. After locating a distressed property, flippers take into account the “perceived” renovation costs, how much will renovation cost to receive a return similar to that of other renovated houses in a given neighborhood. The trick is finding a property that would hypothetically receive a greater return for less work. Renovations could be as simple as reflooring, landscaping, and painting a few rooms. Other times, it might be necessary to delve into more complex renovations to receive a return. Either way, the main questions remain: Do the ends justify the means? Can a decent profit be made for all of the labor? If yes, “you may pass GO.”

So, a flipper has found a house, done the homework, and taken into account all of the perceived costs. Great. The next step is funding. Since many Americans don’t have too much cash to blow, funding is a very important step. To finance their projects, flippers often go to lenders, generally ones that gives loans to flip houses in Arizona.

Arizona Hard Money Lenders Offer Less Restrictions for Those Looking for Loans to Flip Houses

Arizona Hard Money Lenders typically grant loans to flip houses. This is due to the fact that conventional lending is practically restrictive when it comes to loaning to real estate investors new to the business, with low credit scores, and with a history of subprime credit or past delinquencies.

Cut through the red tape! Talk to your hard money broker to get loans to flip houses in Arizona today.

For this reason, many new flippers enjoy the face-to-face, hands-free approach to hard money loans to flip houses. They find it a way to cut through the red tape of bureaucracy and start their new path of securing the returns that they need. If eligible, rates may start as low as 7.99% for terms extending from 3 to 60 months. Applications processes are short. Funding up to 90% LTV is available through certain lending programs for borrowers meeting collateral requirements.

                                   
                                                      

                                                                                                                                         Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Non-traditional Loans to Flip Houses in Arizona

Flipping houses is a unique business and it requires some specific services. Loans To Flip Houses in Arizona offer investors the speed and short-term needed to turn a great profit.

Flipping houses is a process that has become very popular in the last decade. But this newer type of real estate investment deal needs a rather unique type of financing as compared to the traditional mortgages that most homeowners use. Loans To Flip Houses in Arizona need to meet the time frame and other terms that flippers rely on to make their deal profitable. So most flippers elect to use non-traditional finance options.

Hard Money Loans To Flip Houses in Arizona are short-term loans which are funded based on the value of the property and not the creditworthiness of the borrower. These privately funded loans are often called asset-based loans because the property being purchased is the collateral for the loan. Borrowers like that these loans can be approved quickly and that the funding is also much faster than a bank or mortgage company. But all of this convenience comes at a higher interest rate than a traditional loan.

Cash out refinance loans are another option that is available to homeowners who have equity in their personal residence. Most lenders require about 30% to 40% equity in the home and a credit score of about 650. The interest rates are fairly reasonable at up to about 6% but you will need to pay closing cost which will increase your total cost on the loan. In addition, the time frame can be as long as 45 days to get the refi completed and the cash in your hands.

Save The Fees

Another option that many homeowners choose is a home equity line of credit. The beauty of this option is that you can have the application and approval process completed long before you are ready to purchase a property, which allows you to make a fast offer and know that the money is in place to close the deal. In addition, there are no closing fees associated with a line of credit. It is open but costs you nothing until you decide to use the money. Then you begin to pay the interest once you use the money. An added benefit is that the interest you are paying on the HELOC could be tax deductible which will save you even more money in the long run.

Picking The Best Loans To Flip Houses in Arizona

Having many options is always good but it is especially important when you are flipping houses. The most critical factor in a flip is staying on budget to turn a profit. So acquiring a loan affordably allows you to invest more in the renovations to increase your earning potential. A smart flipper will always compare the total cost of all potential loans before selecting the best lender and the best overall loan cost for each deal. Knowing your options, how each loan works and how much it will cost are all factors that will have a huge impact on your success and profitability.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis Dahlberg

Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
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.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

verdana, geneva style=””>Why Construction Loans are Key to Coping with Inventory Shortages

It’s no secret that the country is experiencing a major housing shortage. Construction loans in Arizona will play a pivotal role in relieving it.

CNBC recently reported on the national housing shortage. Supply is way down, thanks to increasing demand and favorable mortgage rates. At present, there are 1.77 million homes on the market, but experts say it would only take 3.9 months for the stock to be depleted entirely. It may sound like a lot, but a balanced market usually equates to about a six-month supply and stock has been dropping steadily over the past five months. Vacancy rates for single-family homes sit at 6.8%, down 7.1% from a year ago.

Challenges are greatest for those trying to purchase homes for the first time, with entry-level properties in the $100,000 to $250,000 range seeing a 6% drop in availability compared to one year ago. Part of this is driven by Millennials who have endured difficult economic times and are just now feeling strong and confident enough to take the plunge.

Inventory reductions are even more significant in certain parts of the country. Phoenix, for example, has 15% less housing available than it did a year ago. Austin and Las Vegas have seen 14% drops as well. Despite the respective high cost of housing overall, the state of California has also taken a major hit, which experts attribute to the increase in tech jobs available.

Investors are Being Successful with Both Sell and Hold Strategies

The seller’s market makes it harder for fix-and-flip strategies to work, simply because it’s that much harder to find an ideal property at a good rate that will provide adequate returns. This has more people turning to construction loans for more control over the process and profits. In many cases, investors are grabbing up undeveloped property within high-demand neighborhoods and subdividing plots to get more mileage, but homeowners are increasingly willing to buy in outlying areas just to have a place they can call their own at an affordable price. Ultimately, savvy investors are using their construction loans to build and sell fast, with some concern that the favorable conditions are due for a shift, much like they did last year when a spike in interest rates helped correct the market to some degree. Others are leveraging a hold strategy, converting their financing to a long-term option after the build. Given the steady increases in rent prices, which now sit at a 4% hike year-on-year, the strategy is paying off and may continue even if interest rates put a dent in purchasing.

Alternative lending is giving investors a helping hand.

Despite the fact that market conditions call for more housing and builders can’t keep up, Arizona construction loans through traditional lending sources like banks are in short supply. Although they’re actively courting homebuyers and tempting with great terms, they’re not extending the same options to builders or investors. Alternative lending, hard money in particular, is helping fill the gap. Those interested in taking advantage of the inventory shortage would do well to connect with a hard money broker to explore all the options available.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC

I have a feeling that YOU are going
to have a Richer Life!!
Great things are going to happen to you!!
Get ready!! God has blessed you!

Tel: 623-582-4444
Fax: 888-279-6917
Dennis

NMLS 1057378 | AZMB 0923961
22601 N 19th Ave Suite 112
Phoenix AZ 85027

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.

v1 Why Your Rotten Credit is Killing Your Arizona Land Loan Prospects (And What You Can Do About verdana, geneva style=””>

Getting an Arizona Land Loanis next to impossible if you’ve got rotten credit. However, you can still grab your slice of heaven with the right products and prep.

Whether you’ve just come across a piece of land that looks like it’ll be a great investment or you’re weighing the benefits of purchasing raw land to build your dream home, one of the most pressing matters will be how to pay for it. Those with great credit have challenges as it is, especially if the plot isn’t tapped into the grid. For those with rotten credit, making that purchase is often nothing more than a pipe dream. What gives?

Banks think Arizona Land Loanpackages are too risky. The reality is, if push comes to shove, you’re going to protect the home you live in as your priority. That’s human nature and the banks know it. The exception is when it’s an investment that’s actively generating cash, but that’s rarely the case for unimproved earth. That in mind, lenders try to make sure you’re never going to have to be in a position to choose whether to keep up with your payments or not, and they do that by looking into your history.

They will dig deep. They’ll check your credit score to make sure you’ve got a good history of paying. They’ll examine your existing debts to ensure you’re not stretched too thin. They’ll look into your cashflow to ensure it’s steady and strong enough to cover the balance for the foreseeable future. And, they’ll find out if you have reserves you can tap into in order to keep paying if things go south. It’s a frustrating process, but they have to minimize their risk, or they’d go bust.

Take Steps to Increase Your Future Eligibility

If rotten credit is impacting your ability to get an Arizona Land Loan, you can take steps to minimize their risk, thereby making yourself a more appealing borrower. Make sure you’re paying all your bills on time every time without fail to improve your credit score. Come up with a personal budget that gets your debts paid off quicker. There are two issues that can hurt your credit here; debt-to-income ratio (DTI) and credit utilization. Experts say up to a 43% DTI will still allow you to qualify for a mortgage, but lenders look for a 36% or less. The catch: this isn’t a traditional mortgage. You’ll need to do better. The same is true of credit utilization. While 30% may be standard for other types of loans, you’re going to have to do better to get specialized financing. With debts paid down, you’ll need to work on establishing reserves. All things considered; it can take years to put yourself in a position to qualify.

Get help through alternative lending now.

The good news is, banks aren’t the only ones who can provide you with an Arizona Land Loan, and having rotten credit is not a barrier to getting funding with certain options. Hard money is one such option which relies more on having a good business plan and solid loan-to-value (LTV) than credit. If it sounds like this is the best option for you, touch base with a broker who specializes in hard money lending who can walk you through the process and get you the best possible rates.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC

I have a feeling that YOU are going
to have a Richer Life!!
Great things are going to happen to you!!
Get ready!! God has blessed you!

Tel: 623-582-4444
Fax: 888-279-6917
Dennis

NMLS 1057378 | AZMB 0923961
22601 N 19th Ave Suite 112
Phoenix AZ 85027

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.