Monthly Archives: December 2019

Risks of Arizona Hard Money Lenders

Private Lending companies and investors seem like great options when your credit history won’t allow you to receive an unconventional loan. However, there are a few caveats you should be aware of so you know if you are making the choice that’s best for you.

Arizona Hard Money Lenders are untraditional financing options. Usually people are referred to these types of investors after a rejection from the bank. They can usually offer these three things: a flexible relationship, proposal acceptance, and speed.

A flexible relationship and proposal is almost guaranteed. Because they can accept people based on value of the property, they are less concerned with your personal financial history. Banks typically have high standards regarding credit score and income, and they like someone experienced with a strong portfolio if they money is for something like a fixer upper. If you can’t get approved for a loan by the bank, you will likely be approved by an alternative lender. In addition to flexibility, alternative lenders can also provide transparency within the relationship.

Speed is something else Arizona Hard Money Lenders can offer that banks do not. While banks may take as long as a month or more to begin the process, private investors can usually begin the process within the week—if not the same day. This is an attractive advantage for people who are competing for property or need to prevent a foreclosure fast. Sometimes, the difference between success can boil down to the timeline.

Things to Consider about Arizona Hard Money Loans

Arizona Hard Money Loans are unlike other loans because of their high interest rates and quick repayment period. These types of loans usually do not work well for somebody who will need more time to repay the loan. Fixer uppers typically find Arizona Hard Money Loans affordable, and are able to utilize the money from the sale to repay the loan fast. If you need the loan for a long-term rental property, Arizona Hard Money Loans are probably not ideal for you. The short repayment period owed to the lender is immediately contrasted with the money you would be collecting from rent, long-term. Considering where you are relying on the money for repayment is really important, especially if there’s a process involved with the purchase of your land—something as small as even finding a renter can factor into this decision.

Evaluating Personal Circumstances

On first glance, Arizona Hard Money Lenders seem like great options. With individualization and flexibility, they offer what a lot of banks can’t and more. However, when pursuing a hard money loan, it is important to put in the research. What kind of plans are you making and how does repayment fit into it? What are your goals for the property and what kind of timeframe does it operate on? With Arizona Hard Money Loans, it’s also important to consider the legitimacy of the source—are they reputable? What kind of terms and fees are within their list of agreements? If you need help analyzing your personal financial situation, real estate attorneys can provide a helping hand to determine if this is the right choice 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:  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 Use Arizona Airbnb Loans to Create the Most Popular Rental in Your Area

Airbnb is growing in popularity among tourists, as it can be a great alternative to traditional overnight accommodations like hotels. If you’re looking to start a rental business with Airbnb, keep reading to learn how Arizona Airbnb Loans can help you hit the ground running.

Creating a rental business from scratch can be tough. It takes hard work, determination, and some starter money to set your enterprise up the way you want it. Before you open for business, there are a few steps you should take to get your short-term rental ready for guests.

First, you’ll need a space to rent, whether that be an extra room in your home, the beach house you inherited, or a condo you plan to purchase. Once you have your space, it needs to be made livable, so your guests will not only enjoy their stay, but leave you positive reviews. All that preparation for an upcoming Airbnb can be costly, especially when you think about paint, repairs, furnishings, décor, and appliances.

The key to running a successful Airbnb is to provide your guests with an experience they wouldn’t get at a hotel or another short-term rental. Hotels can have great interior design and even nice perks, but the experience is very similar at whichever hotel you choose. Airbnb’s can be the same way if not designed with a marketing standpoint. To place your rental space above the rest, you’ll want to create a space for your guests with unique amenities and benefits that show you care. Wine in the fridge, personalized notes, custom murals, and guides to nearby attractions add a touch of humanity that guests just won’t get in standard hotels. Even the small things can make your short-term rental worth choosing over both hotels and your competition because they show your guests that you care.

These tactics work wonders, but where do you start? The interior design you need to make your business flourish can cost thousands of dollars depending on the size and makeup of your rental space. Even higher in cost than the decorating is space itself if you’re going to buy one to rent out. That’s where Arizona Airbnb Loans come in.

Where should I go for my Airbnb loan?

Arizona Airbnb Loans from private Arizona Hard Money Lenders can be extremely helpful in starting your rental business. Banks can be hesitant about lending loans for rental properties, as putting them in the right loan category can be difficult. Mortgages on rental properties can be risky for banks as well, making them even less likely to issue loans in some cases. Due to the complications associated with banks, it’s best to look to private Arizona Hard Money Lenders for Airbnb loans.

Before you decide on a loan provider that’s best for you, work out the financial details of your future Airbnb.

When applying for a loan, it’s important to know the costs of exactly what you’ll want to do. Are you going to buy the place you want to rent out, or do you already have it? What repairs need to be done to the space? What amenities will you have? How much furniture will you need? Think about your answers to these questions and talk to a hard money lender for more information about loans for your future rental space.

                                     

                                                                                                                                         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 Get Approved for 100 LTV Commercial Real Estate Financing

100 LTV commercial real estate financing from banks is not easy to come by. Look to Arizona Hard Money Lenders to fund your commercial real estate needs.

Your office just isn’t working anymore. There’s always a line for the copy machine, everyone’s on top of each other while they’re working, and no one has any personal space. Face it. Your office isn’t big enough and it’s time for a change of scenery.

First, you’ll need to search for your company’s new building. Start by looking online for any possible leads on workspaces to find the best option for your employees and your business. The next step is paying for this new workspace, which can get complicated if you don’t know how to go about it.

For 100 LTV commercial real estate financing, you must go to a hard money lender. Banks can loan you money, but it is unlikely that they will give you full financing like Arizona Hard Money Lenders can. Arizona Hard Money Lenders are more focused on your collateral than your company’s financial history, and in this case, your collateral would likely be the building itself. Loan approval from Arizona Hard Money Lenders is mostly based on this collateral. If you have it, chances are, you will get your loan.

Banks use more complicated process based on finances, in which they must painstakingly comb through your information to see if you qualify for a loan, and after all that time, you might not even qualify. The quick approval process of Arizona Hard Money Lenders can be very useful in getting your loan quickly and easily, which is one reason to use them instead of banks.

Flexibility is also a huge issue with banks, as their corporate policies can be strict and unchangeable. Loan approval or lack thereof, payment plans, and loan length can all be permanent when dealing with banks. Hard money lenders, however, have much more flexibility in their loan options. Lenders can work with your business to make a specialized plan for your loan that works for you. Being held back by policies, banks cannot offer this same service.

Choose a hard money lender for your commercial real estate loan

If you need 100 LTV commercial real estate financing, Arizona Hard Money Lenders are the way to go. These private lenders can offer you what banks can’t in LTV, flexibility, application process, and approval time. When it comes down to it, Arizona Hard Money Lenders make the loan process simple and can lend out more money than your bank.

Don’t waste your time with a bank loan if you might not get approved.

In general, it’s easier to get approval from Arizona Hard Money Lenders than from banks because of banks’ emphasis on good financial standing and lengthy application process. Moreover, banks are unlikely to give you 100 LTV commercial real estate financing like lenders can. You could spend hours and hours applying to a bank, preparing your information, and then awaiting their response, just to get less money than you’re looking for. Instead of going through a bank’s complicated loan process just to not get all the money you need, choose a hard money lender for your loan.

                               

                                                                                                                                         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 MAKE MONEY WITH AN ARIZONA AIRBNB

For some time it was difficult to run an Airbnb in the state of Arizona. However, thanks to Governor Doug Ducey, and the Arizona state lawmakers, residents of Arizona have a new possibility for financial growth.

Arizona lawmakers were worried about residents buying up property and turning the “house next door” into a hotel. Fortunately, for real estate investors the new laws were passed early last year and there are no limits to the number of properties that an investor can buy; add to that— there are no days that the home cannot be rented out. This means an investor can buy numerous homes on a street and potentially make the entire street Airbnb.

When it comes to potential income for Phoenix residents—the sky is the limit. Phoenix hosts MLB Spring training, Waste Management Phoenix Open, Barrett Jackson—add to that being the home of four professional sports teams and a division one college. That being said, Phoenix has thousands upon thousands of visitors each year.

HOW TO BECOME AN ARIZONA AIRBNB OWNER

1. Understand Rental Arbitrage— When the potential for profit is significantly higher than what it cost you to obtain that is called opportunity. Rental Arbitrage is when your achievable daily rental rate is obviously much greater than your actual daily rental cost. Every city will have this and it is important you do your homework for your market.

2. Be Realistic About Your Investment In Time—Unfortunately, you don’t just buy a property, list it and the money starts pouring in. This is business that will take some time to build. The key is in your reviews.

3. Find A Property—It is important to find property near places tourists would want to live. In Arizona a superb property would be in Sedona. If you are in Phoenix look towards Westgate— where the Cardinals are located, North Scottsdale, Old Town or Tempe. Make sure you research the annual events that will bring your customers to you.

REGULATIONS OF AIRBNB LOANS

The financing is always the tricky part when it comes to investing in an Airbnb. Although, it can be difficult finding funding for your Arizona Airbnb it is possible. Banks are watching carefully how properties are being used when it comes to approving new mortgages and refinancing existing ones. Mortgages that operate as rentals are riskier investments for banks than primary residence. The bank needs to feel confident that during times of vacancy the owner will be able to pay the mortgage.

An Arizona Hard Money Loan is a loan backed by the borrower’s assets versus their credit and monthly income. Arizona Hard Money Loans are easily approved sometimes within minutes—the borrower will have an approval usually within 24 hours and typically have their funds within two weeks. The borrower must have documents proving the value of their assets and that they are the legal owners. Arizona Hard Money Loans are short term loans usually ranging from one to five years. After the loan terms are up usually, they can be transitioned to a mortgage through a traditional bank.

If an Airbnb is something you have been interested in, find a property and make an appointment with a local hard money lender to get you on your way to financial freedom.

               

                                                                                                                                         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