Tag Archives: california private hard money lender

Hard Money Lenders—California Investors

October 17, 2016Uncategorizedcalifornia hard money, california hard money loan, california private hard money lender, california private moneybigdaddydennis

(If you are like most people, you want your hard money loans funded as soon as possible and outside of that you don’t have too many questions about where your hard money is coming from. Sure, you are working with hard money lenders; California investors, however, is where your financing is more than likely coming from.)

To get a better idea of trust deed investing, you must first look at your hard money lenders. California investors often invest in hard money loans for their own lucrative reasons. But, nevertheless, most lenders of hard money are individuals or private companies. The key word there, however, is most lenders i.e., not all. So, how do you know if you hard money financing is coming from a trust deed investor? Well, the simple answer to this question is you may not.

The reason you may not know if your financing is coming from trust deed investors is because California law requires that a trust deed investor must be in compliance with usury laws. Thus, the easiest way for this particular kind of investor to do this is by working with a broker. Consequently, you may not deal with your specific investor directly.

With that being said, your trust deed investor, in essence, is the bank. You are the borrower and your potential business venture has the best chance of getting financing via hard money lenders. California investors, in the end, make it all possible. So, now that you know a little more about trust deed investors, you may be wondering just what makes these particular investors different from your regular investors? Ultimately, there are not tons of differences. Nevertheless, it still helps to know those differences.

The Differences

The major difference between regular real estate investors and trust deed investors is really the amount of risk that he or she assumes. As you probably know by now, trust deed investing offers a little more security when it comes to the promises of you, the borrower. This means, if you the borrower do not honor your terms or commitments, a trust deed investor can recoup the majority of their losses. A real estate investor, on the other hand, does not have this additional safety net if you will. This is why you will often see that private real estate investors are more eager to help or rather are more accommodating because your success is ultimately their success. Of course, this is not to say that one type of investor is better than the other type. Remember, you have to choose the right lender for you. Thus, this could be a close family friend or it could be a private lender that works with a trust deed investor.

Your Investor Fuels Cost

If you are not sure about what kind of investor or lender suits your specific business venture that is okay. You can easily solve this problem by asking around and doing a little research. In the end, there are dozens of reputable hard money lenders in California and even more investors—you just have to know where to look.

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.

California Private Hard Money – A Helping Hand for Trust Deed Investing

October 14, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money lender, california private moneybigdaddydennis

California private hard money is currently all the rage and realistically it should be . The truth is that private hard money financing has made a name for itself amongst the big banks and traditional institutions.

California private hard money can be characterized as a helping hand because, despite the larger down payment requirements and the higher interest, this particular kind of financing is all about making the underdogs’ dreams come true. Of course, in this case, the underdog is more than likely a trust deed investor. But, nevertheless, as movie-esque as this all sounds, it is the truth. California private hard money has partnered itself with trust deed investing and the real estate market is much better for it.

If you are new to the wonderful world of trust deed investing, the good news is you are not the only one. As of recent, many investors have realized that they are able to invest in a variety of loans that are secured by real estate or commercial investment property. This means that foreclosures are being bought and flip ( if necessary) at a record rate. Ultimately, this is great news for people that are looking to invest or own a home or office building.

With that being said, the issue with traditional or conventional banks is, of course, a story as old as time. Banks are afraid of the risks that are associated with foreclosure and property that is not turn-key at the time of funding. In response to their fear, private hard money and trust deed investing were born. Moreover, since this particular kind of investing and financing is so attractive, it is more than evident that it is not going away anytime soon.

The Benefits

Trust deed investing is so lucrative or attractive to investors because if done right, the investor usually ends up with a nice annual return. Furthermore, the common risks and fears that keep the traditional institutions at bay do not really apply when it comes to trust deed investing. Due to one of trust deed investing’s top benefits, there is little risk associated with taking a loss and you can thank the built-in margin of safety (as it is often called). The built-in margin of safety, in essence, is the difference between the amount of the loan and the value of the property.

Trust Deed Investing—The Real Difference

Ultimately, at its core, this particular type of investing is better for the investors if you are comparing the benefits of standard, private hard money. It is better because the built-in margin of safety is really a clause. In other words, if the borrower fails to perform, the investor/lender can foreclose on the property or office building almost instantly if they so choose. This means that the investor/lender will essentially recoup their investment and most likely including any past due interest or penalties. Of course, it is still important to note that this particular kind of investing is not without some risk rather that most of the time the investor or lender makes out better in the deal if things do go south.

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.

Choosing Hard Money Lenders—California

October 13, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money lender, california private moneybigdaddydennis

There are many reasons to choose hard money lenders. California has some of the best hard moneylenders to offer, in fact. Nevertheless, it is still important to understand why these particular kinds of lenders may be the better option for you versus getting financing from conventional lenders.

If you are torn between choosing hard money lenders and conventional lenders, it may help to compare the two. Obviously, there are major differences between the two types of potential financing you could receive. For instance, looking at hard money lenders, California trust deed investors are ripe for the picking. In other words, there is no shortage of hard money borrower thus there is also no shortage of lenders that cater to this particular market.

The reason you see a wealth of hard money lenders is because they ultimately help bridge the lending gap. What is the lending gap? Well, the lending gap is common with conventional lending. In essence, it is the gap between acquisition and refinancing. In other words, with conventional lending, you have to pay a larger down payment, which often cuts into the available capital for expense or renovation. In other words, unless an investor wants to pay out-of-pocket for renovations they are not happening with conventional financing.

Moreover, everyone knows this, especially hard money lenders. California commercial developers and trust deed investors just need better options. This is generally, where bridge loans and construction loans come into play—all of which are hard money loans. Other major differences, of course, include the amount of time it takes to approve and the level of flexibility in regards to loan terms. So, what do all these differences mean when it comes time to evaluate conventional lenders? Well, that is a great question. The truth is conventional financing has its place in the wonderful world of commercial real estate. Therefore, it is up to you ultimately decide which kind of financing and what type of lender are right for you.

How to Evaluate Conventional Lenders

With that being said, there are still a few handy tips that you can use when evaluating conventional lenders. For starters, you should have a good idea of who you want to work with i.e. do want your lender to be a credit union, a private lender or actual banking institution? Next, you want to be clear on the terms of your financing as conventional financing often has terms of 10, 15, 20, 30 years. You will also want to figure out if you want a fixed or adjustable rate. This means deciding who offers the right terms and best rate option.

Avoid the Pitfalls

Lastly, you will need to decide what kind of financing is best for you. In the world of conventional financing, this means nonconforming or conforming loan limits. If you are too sure of any of these terms, then it may be time to sit down with a few lenders to ensure you are making the best decision. Ultimately, both hard money lenders and conventional lenders will take the time to help you figure out your options.

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.

California Private Hard Money Perks—Top Advantages

October 12, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

Deciding that the best financing option is California private hard money is a big step. So, how do you know if it’s the right step? Well, there are several perks or rather advantages to choosing this particular line of financing.

California private hard money means many different things to different lenders. As you may already be aware, your financing options and loan terms are in your private lender’s hands. Of course, this does not mean choosing California private hard money means your will pay an absorbent amount of interest and you will be stuck with terms that you did not choose rather it means you need to choose wisely.

With that being said, overall there are some perks or rather advantage when it comes private hard money. For instance, private hard money often means rapid funding. Rapid funding is possible due to the lack of red tape that you often get with traditional financial institutions. Less red tape means there aren’t dozens of forms to fill out or hard-to-find documentation require. In addition to the lack of hoops, you must jump through, private individuals or companies also make their decision in record time so that you can get started on your venture as soon as possible. Another advantage to this particular kind of financing may come as a little bit of an unexpected surprise—flexible term structure. What is a flexible term structure? That’s a great question.

In its simplest answer is flexible term structure is customizable loan terms for your business. In other words, traditional financial institutions play by the books or rather they offer one-size-fits all terms and who needs that? But, with private hard money lenders, you are able to work with a lender that not only understands your needs but is also willing to take them into account when it comes to your term structure.

A Helping Hand – No Repayment Penalties

Private hard money lenders are also thoroughly invested in the success of your venture, thus you will often find that these non-traditional lenders do not penalize you for your changing circumstances. This means that if you are able to pay off your commercial business loans sooner then everyone wins. Similarly, if you have only partially paid off your loan by its due date, most private hard money lenders are willing to work with you so that you can succeed.

Take Away

Ultimately, this means that choosing private hard money can be extremely beneficial in just the right way. Thus, whether you are choosing a standard hard money financing or considering bridge loans your commercial business venture can be a reality. Moreover, your terms can be easily customized to meet your need and your industry with little to no bureaucracy. Lastly, you are given the opportunity to work with a company, a trust deed investor or an individual who truly does want to see you succeed. Furthermore, this company or private individual will go above and beyond to make sure that you succeed because they invested in your and your business i.e. you are more than just another commercial borrower.

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.

California Private Hard Money Complaints

October 11, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

Unsurprisingly, there are two sides to every story or rather, in scenario, there are advantages and disadvantage when it comes to California private hard money. Therefore, if you are new to the trust deed investing game or financing world, you may want to brush up on some of the complaints and/or disadvantages of private hard money so that you are properly prepared.

California private hard money, as briefly suggested, can be a godsend to those who need quick and red tape-free financing. But, of course, nothing good comes without a little bad. So, what are those pesky private hard money complaints already? Well, no worries let’s go over them.

One of the top complaints about California private hard money financing or loans is the interest rate. Think of it this, you have to pay to play thus if you want your financing quickly you have to pay for it. Of course, this doesn’t cause too much of a hardship if you use your hard money financing correctly. For instance, most private hard money loans are obtained for short-term financing needs. This means if you pay your loan back before your abnormally high interest rate doesn’t get too out of control then you will more than likely survive.

Another major complaint when it comes to private hard money we just touched on a bit –short-term use. Many commercial real estate and trust deed investors wish they could use private hard money for more than the standard limit of up to 5 years (3 years in some other places). But, as previously mentioned, extremely high interest rates make that a bad idea. So, why on earth would this be a complaint? Well, as you already know private hard money loans or financing are a lot easier to get than your traditional financing. Remember, red tape-free and quick approvals—who wouldn’t want that to last a little longer.

Managing Your Private Hard Money Expectations

The third common complaint is the down payment requirement. Typically, you will find a larger down payment requirement or equity of 25% or more. The reason you will you see such harsh requirements with private hard money financing is because lending will always be a business. In other words, these particular lenders are taking a chance on your business venture and if by chance things do not go as planned or you are unable to meet your loan terms then your lender needs to be financially alright. So, what does all this really mean? It means you need to manage your expectation when it comes to your lenders as well as when it comes to your future business venture.

Private Hard Money Can Still Make Dreams Come True

Ultimately, these top private hard money complaints are not enough to deter those business-hungry individuals who want to make their dreams come true. In fact, private or hard money lenders, especially in California, are actually in the business of making hard to approve dreams come true. So, if you are still looking for short-term financing, then it would behoove you to also check out the top advantages of private hard money loans.

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.

California Private Hard Money & Trust Deeds

October 10, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

There literally dozens of questions you may have when it comes to California private hard money and trust deeds. The good news is you came to the right place for answers.

The wonderful world of trust deed investing is on the rise. Of course, if you are like most people, you are probably asking yourself, if that is such a good thing? Well, if you are worried that California private hard money is going anywhere, you can stop. Trust deed investing, if anything is more of an add-on to California private hard money.

But, do not take our word for it. Instead, do even a cursory review trust deed investing and you will see that most private or hard money financing is funded via a trust deed investor, at least as of late. So, what does all of this mean for you, the potential borrower? Well, there is more good news and some bad news. Let’s start with the good news, for starters, an influx of trust deed investing means more financing obviously or rather more loan approvals.

The bad news is that even though your future hard-to-finance commercial deals and business ventures are subject to a new kind of bank. In other words, trust deed investors are the new people to please. What this means for your bottom-line is that if you fail to meet your commitments as a borrower, your trust deed investor can, essentially, foreclosure on your property in order to recoup their losses. This may seem like standard business, but the reality is that if you obtained financing through a non-trust deed investor you would incur interest and applicable penalties. So, now that you know what these guys are all about, why not find out who you are actually dealing with?

Trust Deeds—The Real Deal

When it comes to trust deed investing, not just anyone can be an investor. In fact, there are clear guidelines as to who can invest in trust deeds. Nevertheless, it is still important to note that the list is not overly exclusive. Thus, you will quickly learn that private individuals, corporations, foundations, pension plans, LLCs and more can invest. However, those individuals that using retirement funds are often limited in the amount they can offer. Similarly, the law requires that no single trust deed can be more than 10% of that individual’s or entity’s net worth. Of course, this yet another provision that has the investor’s best interest at heart, but it is still important information to know.

Avoid the Pitfalls

Ultimately, this is just a small fraction of the information about there about trust deeds and trust deed investing. Therefore, it is highly recommended that you do your own research and more than just a cursory review of private hard money financing. With that being said, if you need some assistance with finding more information, you can always start with the California Department of Real Estate (DRE). There you will find entire documents covering almost every possible question you can think of when it comes to this particular avenue.

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.

Pitfalls That Will Cause A California Private Hard Money Lender To Reject You

October 7, 2016Uncategorizedcalifornia hard money, california hard money loan, california private hard money lender, california private moneybigdaddydennis

California Private Hard Money Lenders are a preferred form of financing for many because of the relative ease and quickness in which loans are approved. However, just because it is easier, doesn’t mean it’s a sure thing.

Your loan application has been rejected by four banks. You are starting to think you might as well hit up the local loan shark, but the thought of having your legs broken for missing a payment doesn’t appeal to you. So instead, you decide to give your local California Private Hard Money Lender a try.

You’ve been told it is much easier to get approved and it will not take anywhere near as long to get a decision on your application as it did with the bank. However, while getting approval from a private hard money lender is easier and faster, there are still ways it can be messed up.

Three Ways To Get Your California Private Hard Money Lender To Reject You

You thought a private hard money lender was supposed to approve anyone, but you forgot about one thing—they are still a business. Like any other business, they want to make money. To do so, they can’t just approve any old application for a loan. They have to draw a line somewhere.

Here are three places many will do just that:

1. Insufficient equity/down payment: A California Private Hard Money Lender is expecting to take on some risk with any loan, but doesn’t want to take all the risk. The borrower will need to have a substantial amount of equity in another property in order to secure the loan. If they don’t, they will need to be able to make a sizable down payment instead. If the borrower can’t do either the lender will probably reject the application.

2. Insufficient income: Private hard money lenders will not be as stringent about what they require, but they still need to believe that the loan is going to be repaid; or at the least, that you can make the monthly payments right now. If you can’t show enough income to make the payment now, chances are you will not have it later and your loan will be denied. No one wants to get on board a sinking ship.

3. Exit strategy: the loan you will get from your California Private Hard Money Lender will be a short term one that will probably have a balloon payment at the end. Most people will not have sufficient cash on hand to pay off the balloon payment so before approving your initial loan, the lender will want to know your exit strategy (how you will handle it). Are you going to sell the property, sell a different one, or refinance with a new hard money loan or maybe even a conventional one? If they don’t see that you’ve thought ahead chances are good you will not get approved.

What To Do After You’ve Been Rejected

One of the many good things about a private hard money lender, is that you will get your rejection notice relatively quick. So once you find out why they said no, you can go about correcting the error.

If you can’t afford a larger down payment or don’t have enough equity in anything, you may have to reconsider your plans. If you already have an operating business that isn’t making enough income, you may need to see where you can cut cost and increase it. As for an exit strategy—be prepared; it’s as simple as that.

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.

How To Evaluate If A California Private Hard Money Lender Is For You

October 6, 2016Uncategorizedcalifornia hard money, california hard money loan, california private hard money lender, california private moneybigdaddydennis

Before you apply for financing through a California Private Hard Money Lender it is important to consider the advantages and disadvantages of doing so.

Back in the old days, when it came to financing options you had the bank down the road, the bank your friend uses, the one your cousin twice removed works at, and the bank that your Mom and Dad have used since you were a kid. Nowadays, those options are still viable, but there are many more open to wannabee investors and entrepreneurs—especially those with bad credit.

So when all you had to do before was decide which bank you wanted to try, now you have several options to consider. For those with a troubled credit history, the banks are no going to be too kind, but private lenders—such as California Private Hard Money Lenders—will be more forgiving.

But before you get the ball rolling it would be a good idea to evaluate the advantages and disadvantages to working with a California Private Hard Money Lender.

Advantages

There are three primary advantages to working with a private hard money lender:

1. Speed: traditional financing options take time and have quite a few hoops to jump through just to be considered. Just because you do successfully navigate the process doesn’t mean you will get approved. Private hard money lenders are more likely to approve your loan and will do so quickly. It is not unheard for the process to begin and money to be in hand within 3-5 days.

2. Fewer requirements: With a traditional loan you will have to provide all sorts of documentation just to be considered for a loan, but when you work with a California Private Hard Money Lender you will not have to jump through nearly as many hoops. Even if you do have some of the issues that would normally cause a bank to reject you, hard money lenders are less likely to do so.

3. Hard money lenders will finance what banks will not: there are some projects that banks will not consider getting behind, no matter what your application looks like. If they perceive there to be too much risk, they will not want to get involved. Private hard money lenders, on the other hand, will finance the projects banks will turn down.

Disadvantages

1. Interest rates: Banks are okay with making a little interest over a long period of time on less-risky opportunities. However, your California Private Hard Money Lender will want to be compensated for taking a chance so they will charge higher interest rates.

2. Shorter terms: As if paying a higher interest rate wasn’t bad enough already, but you will have less time to pay a private hard money loan back than you would a traditional loan. Often times, they will be for anywhere from a few months to a couple years.

3. Down Payments/Equity: While a banks approves a loan according to your credit score and income history (among other things), a private hard money loan is asset secured. While they are willing to take on the risk involved with a loan, they don’t want all the risk. So they will usually require you to put down a substantial down payment or to have sufficient equity in the investment.

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.

Four Things To Consider Before Calling Your California Private Money Lender

October 4, 2016Uncategorizedcalifornia hard money, california hard money loan, california private hard money lender, california private moneybigdaddydennis

When you are looking to snatch up a property before someone else comes along, you need to act quickly, but before you call your California Private Money lender, there are four things about the property you may want to consider.

One of the toughest things an investor has to do is keep from getting too excited about a property. It can be real easy to see something, for whatever reason fall in love with it, and then lose all sense of objectivity when evaluating it as an investment. There is nothing worse than revisiting it days or weeks later with fresh eyes and seeing everything you didn’t before.

So before you jump the gun, call your California Private Money lender and commit yourself to expensive loan, there are certain things you may want to consider first.

Before You Call Your California Private Money Lender…

One of the great things about a private money lender is the ability to get a loan fast tracked and the money in hand needed to secure a property. However, before you get the ball rolling, make sure you take four things into consideration:

Property Location: You’ve heard it before—location! Location! Location! A good location can save the worst of properties. People don’t want to buy the city dump, but if the dump has a prime spot in the local mall or a great view of the ocean, that may be enough for an investor. The investor will in turn be more than happy to fix up the property and sell or rent it for a small fortune.

Property Condition: Location has a lot to do with the value of a property, but if it is in deplorable condition, it may still be difficult to sell. At the same time, beware taking on a project that is a clear fixer upper. Once you start working on it, there is no telling what you may find. Be aware of just how bad the condition may be so you don’t find yourself biting off more than you can chew.

Price: Of course you want to take a look at the price! Everyone knows that, but the question is why? If it appears to be too high, do they know something you don’t? There must be a reason why the price is what it is. If it is too low, you have to wonder why they don’t want more. Do they just want to get rid of it? Is there a drainage, electrical, or some other kind of issue brewing? If it will cost a lot to rehab the property, is that factored in to the price tag?

After Rehab Value: This will more than likely be why you call your California Private Money Lender. What can you sell the property for after you fix it up? Will it be worth paying what they are asking for it and the rehab expenses? Or do you need to negotiate a lower price? Can you make enough money off the rehabbed property to make it worth buying?

Your Private Money Checklist

Decisions involving investments are often pretty hard to make. You don’t want to rush into anything, but at the same time, you don’t want to wait too long and lose an opportunity. So if you are an investor or someone looking into it, you should keep a checklist in mind to help you make objective decisions on things.

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.

Things To Consider When Applying For A California Private Money Loan

October 3, 2016Uncategorizedcalifornia hard money, california hard money loan, california private hard money lender, california private moneybigdaddydennis

Whether you are working with a private money lender in Texas or a California Private Money Lender, there will be things that you will want to consider before committing to anything.

Any financing option is going to come with certain clauses, regulations, and/or requirements that a borrower should familiarize themselves with before pursuing the option. For instance, when someone in Los Angeles hunts down a California Private Money Lender so he can get his reality show off the ground, he will need to be prepared for certain things.

Since it is a private money loan, the interest rate will be a lot higher. It is the tradeoff you have to accept to get the money sooner rather than later and because of less than desirable credit. It’s the cost that everyone expects when they apply for a private money loan.

But it isn’t the only cost.

Beware The Cost Of Working With A California Private Money Lender

Like private money lenders everywhere, there will be cost borrowers will have to handle when they apply for a California Private Money loan. Those costs can be categorized as up-front, interim, and renewal:

Up-Front: when you apply for a private money loan you will have to deal with certain costs as part of the application process. Points are basically compensation to the lender for just getting the ball rolling. A borrower may also have to pay a referral fee to whoever pointed them in the right direction. Since the loan documents are typically not cut and dry, the processing, document prep, and other fees may be a little higher as well.

Interim: throughout the life of the loan there will be certain costs a borrower will have to pay along the way like interest, amortization, late fees, and taxes and insurance costs. Should a borrower become delinquent, the lender can advance against the loan to cover the costs of appraisals, unpaid taxes, foreclosure fees or legal fees.

Renewal Costs: it is not unusual for a California Private Money loan to include a massive balloon payment at the end of the loan’s term. If the borrower can’t pay it they may request a renewal. In doing so, they will likely have to give up more points up front as well as cover closing costs and any expenses related to document preparation.

The Truth About Private Money

There is money to be made in financing, which is why so many companies exist for the sole purpose of providing people with the financing option of their dreams. While it all may seem magnanimous at the time, the cold, hard truth is the lender doesn’t care about the borrower or his/her dreams. They know you can’t get a loan elsewhere and have no choice but to turn to them.

So what do they do? They do like any good business person would—they take advantage of the borrower’s necessity and charge accordingly.

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.