Tag Archives: private hard money

Trumps Economy Is Going To Take Off! Get Ready Now!

Thing are going to happen..

2page_img1Something is going on out there. Recently I’ve opened a new checking account at BofA for a small business venture, but I had one major problem to overcome. Something that I would have never expected. When I got to the bank they said “you will have to stand in line to open an account. “ I asked my personal banker ‘what’s going on’? She said “ did not understand what was happening, but since this morning there has been a steady stream of new customers coming into the bank and opening business checking accounts. I have never seen this much activity before”. Brandon Abney Arizona Home Mortgage FHA Specialists

Based on a recent Bloomberg report, Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

Being in business for 40 Plus years I hear this from my personal business associates. The consensus is that their feeling is ‘2017 is going to be a good year’. The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to the NFIB’s data. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump’s plans of spurring the economy through deregulation, tax reform and infrastructure spending.

Fifty percent of respondents, the biggest share since March 2002, said they expect better business conditions in the next six months. That was 38 percentage points higher than in November. The net share of firms projecting higher sales jumped by 20 points to 31 percent. Some 29 percent say they will boost capital outlays within six months.

The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said. “

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Rising confidence adds to the economy’s upward momentum,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York, said in a note. At the same time, the “NFIB membership appears to be disproportionately Republican, so it is possible that the data will start overstating strength, opposite the pattern during the Obama administration.”

The NFIB report was based on a survey of 619 small-business owners through Dec. 28. Small companies represent more than 99 percent of all U.S employers, according to the U.S. Small Business Administration. A small business is defined as an independent enterprise with no more than 500 employees.

“We haven’t seen numbers like this in a long time,” Juanita Duggan, president and chief executive of the NFIB, said in a statement. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

So now what do you do? What is your plan for the next 1-2 years? Should you invest in the stock market, hold cash, purchase real estate? Personally, I’m jumping back into the real estate rental market. But I’m being very cautious on what and where I purchase. I’m still licking my wounds from 2008.

Dodd-Frank will be changed. Only 3 new banks have been started since the 2008 crash. I remember when it would have been hundreds! Lending has been stagnant as local and regional banks are handcuffed to lend. What we have is constipation of the money pipeline due in large part to Dodd-Frank. 

 

 

 

 

 

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC 
Private Hard Money Lender

Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper







          

Does Our Government Really Hate US? Really?

What’s wrong with our economy?

One of the technical terms used when evaluating a healthy economy is a term called velocity of capital.  What this means is how fast  money is moving around from one person to another,  or defined as “The velocity of money is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time. Velocity of money is usually measured as a ratio of GNP to a country’s total supply of money.

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As you can see from the above graph the Velocity is on a steady decline.  So what causes the drop? My opinion is that there are two main reasons:

  1. People (consumers) have stopped spending money.   They are sitting on a boat load of cash and they are in a wait and see mode. 
  2. The second reason why there is a decline is that the government has put up road blocks to keep spending money.  One of the biggest road blocks enacted are the Dodd-Frank Regulations  that are making it extremely difficult for individuals to purchase homes. 

When someone purchases a home it’s not just the seller and buyer who are happy.  There are those downstream of this  closing  that are going to be happy when the home closes.  Typically the listing and selling agents are happy, but there are others who also benefit from this happiness and make a living off of the sale.  Sure the buyer is happy, they have their dream home they always wanted, and the seller is happy since the can move to their next home,  or maybe get rid of the current home.  It’s going to be a Happy, Happy, Happy fest.  The agents who listed/sold the home can’t wait till they receive the final HUD 1 is completed and the title company sends out the checks to the brokers.  Most agents keep a list of the transactions in their pipeline and like most agents, their spouse is quizzing them on the transactions.  My wife usually says, ‘got anything closing this week’?  She says this specially during the holiday season.  I’m happy to say that yes!.  This is going to be a good Christmas.  However there are many others who will benefit from this transaction and will have a happy Christmas.

  • Title company and the title agent are getting something from this transaction, like title insurance & escrow fees.
  • The loan company, Loan Officers, Loan Brokers, Underwriters, support staff, company sales rep also benefit.
  • Home Inspectors, and termite inspectors are getting some of the money.
  • Handyman who will fix the conditional items from the homeb inspection also get a piece of the deal, and don’t forget all the hardware stores will get a piece of this pie when the handyman  buys a new faucet or  other item to be fixed.
  • Tax payers benefit when home taxes are being paid in full with collections of future taxes.
  • Insurance companies are writing a new policy.
  • HOA’s are going to receive a transfer fee and maybe impact fees.
  • Neighbors are going to be happy to see a new neighbor.
  • Disabled Vets are going to receive all of the  stuff the new home owners are going to give away before they move.
  • Utility companies are going to get a change notice and if the account is past due, they are going to get paid.
  • Appraisal companies will get their piece of the pie also.

iStock_000002302749XSmallIt is amazing when you think of all the people who will touch this transaction to complete the deal at all.  BUT what’s really startling is how many people will be able to keep their job, put food on the table and survive. 

With all of this occurring, we should sell homes all the time, but I’m shocked by the road blocks our government has put in place to stop this from occurring.  In an effort to fix the last collapse of the housing industry, the administration has generated a mountain of mind numbing regulations to stop consumers from purchasing a home.  It’s like passing through  gates of hell to get a loan.  We have gone too far in the wrong direction to fix the problem.  The incoming administration has indicated that they are aware of this problem and is promising to fix the regulations ASAP.  Let’s get money flowing again!


Level-4-Funding-Dennis-Dahlberg-Mort[1]Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender

Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper







          

Benefits of an California Bridge Loan


An California bridge loan is a specialised sort of quick time period loan designed to assist debtors get money quick and can be utilized that can assist you buy a house. Figuring out the dangers, advantages, and ins and outs of bridge loans may also help you make a smart move.
 
An California bridge loans is a standard method for house consumers to provide you with a down cost when they’re shopping for a brand new house whereas concurrently promoting their present house. Most consumers depend on the sale of their present house to provide you with the down cost for his or her new house, nonetheless, it isn’t all the time possible or perfect to shut on the present house first. In an ideal world, you shut on your private home at 9:00 a.m., have funds out there by 10:00 and shut in your second house earlier than midday. But it surely very hardly ever works this manner. Extra usually, you shut in your present house and must discover a quick time period rental for a month or two earlier than you shut on a brand new house. This isn’t solely costly, but it surely causes you to have to maneuver twice and you’re actually throwing money away by renting.
 
One resolution to the issue is an Califronia bridge loan. A bridge loan bridges the hole by lending you the down cost for a brand new house that you simply then pay again as soon as your private home sells. The bridge loan is secured to the customer’s current house. The funds from the bridge loan are then used as a down cost on the brand new house. Bridge loans are gaining in reputation as a down cost possibility as a result of they provide versatile phrases and are comparatively straightforward to qualify for. Additionally, many lenders is not going to assist you to take out a house fairness loan on a house that’s listed on the market, so in lots of circumstances a bridge loan is the one choice to provide you with money for a down cost.
 

5 Things to Know About an California Bridge Loan

 
Like several loan, a bridge loan has sure dangers and advantages. Figuring out all of your choices and going into it absolutely knowledgeable will enable you to threat much less and profit extra. Listed below are 5 necessary issues to bear in mind if you’re interested by getting an California bridge loan.
 
  1. Qualification is often an straightforward and painless course of. Most lenders shouldn’t have set FICO scores or debt to earnings ratios for bridge loans. As a substitute, qualification is predicated on an entire image of your funds and whether or not it is smart to buy a house earlier than you promote your present one.
  2. You’ll pay a better rate of interest. Like many quick time period loans, bridge loans have larger rates of interest than 30 12 months loans. You often have a grace interval of 1 to 4 months relying in your loan phrases and should you pay the loan again with proceeds from your private home sale, you’ll be able to often keep away from paying loads of curiosity.
  3. You will have to have the ability to qualify for 2 mortgages. A bridge loan may also help you with a down cost, however you’ll nonetheless have to qualify for 2 mortgages and have the ability to make month-to-month funds on each if push involves shove. Nevertheless, most mortgages don’t require a cost for the primary month so should you promote your private home shortly, you ca
  4. Bridge loans may also help you promote your present house extra shortly. A house that’s lived in is all the time tougher to promote than one that’s vacant and staged. By transferring into your new house, you’ll give your self one of the best likelihood of promoting your current house shortly and for high greenback.
  5. You’ll find your new dream house with out the stress of having to promote your current house first. You don’t have to attend or make unattractive contingency presents. You should purchase your new house instantly which can often get you a greater value and assist be sure to get the house you need.
 
If an California bridge loan seems like a superb possibility for you, discover a broker or private lender as we speak to get the method began as we speak!
 
At Stage 4 Funding we concentrate on bridge loans and different quick time period loan sorts. Name our workplace as we speak to schedule a session to search out out if a bridge loan is an efficient possibility for you. Don’t wait on a gradual market to purchase your subsequent dream house. Use a bridge loan to get into the house you want as we speak.
 

Dennis Dahlberg
Dealer/RI/CEO/MLO

Stage 4 Funding LLC
Arizona Tel:  (623) 582-4444

Texas Tel:     (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027



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Wild West Phoenix Real Estate is Heading for a New Boom Time–Yeahaw Getty UP

With low stock and too many consumers, the Phoenix Real Estate

Market is on the verge of a new increase in actual property values.

 

With low stock and too many consumers the Phoenix Real Estate Market is on the verge of a new increase in actual property values.

“This increase is going to be completely different,” based on Dennis Dahlberg, Degree 4 Funding Hard Money Lender. “The final increase was fueled on greed of the buyer; this time it may be a provide downside. Over the previous 6 years there was little construction or motion of grime, leaving the Phoenix housing market ravenous for new houses. Moreover, residence values are elevating dramatically, and as soon as the present residence homeowners get above water (have fairness) they will wish to transfer up. We’ll have a trifecta or the right storm-no houses, pent-up demand, and report low rates of interest. And for those who throw a little inflation on prime of the combo – be careful! Bam! its going to be a wild journey – a wild west journey!”

Primarily based on the info offered by S&P Case Shuller, the underside is over and we’re shifting up once more and this time it may be even greater! (For a excessive decision  [click on right here  Real Estate Values])

It seems from the graph of the Phoenix Home Values beneath, that the actual property market within the Phoenix space is heading up. Is it time to purchase actual property once more? How lengthy will it take to return again to regular? Ought to I get out of the market and wait? These are hard inquiries to reply however Dennis makes these suggestions:
— Dwelling values won’t return to the pattern line for one other 1-2 years. Newest pattern exhibits Phoenix again to the highs beginning July 2014!
— The upturn in values are attributable to LACK OF INVENTORY AND RECORD LOW INTEREST RATES.
— Hold your house if potential. Do no matter it takes to maintain the present residence.
— Do a Mortgage modification? HAPR 2. Its potential however there are only a few who’re profitable.
— In the event you ‘bail out’ and let the financial institution foreclose, you will be unable to buy a residence for 5-7 years, perhaps even by no means once more!
— Inflation will it come again and can the worth of the greenback drop dramatically? (This might change if the USA will reduce spending and lift taxes, reduce medical/social safety, and enhance the tax price by 45%. I do not suppose this may occur.)
— The quantity of debt within the USA will proceed to develop. The quantity is very horrifying.
— At this price,in 5-7 years, it should value $10 to purchase a loaf of bread. Gasoline will value $25/gallon. And the common starter residence value will likely be $600,000.
— Get out of debt; do away with the bank cards and pay them off. Buy solely when you have the money. Don’t get into any debt. (I sound like your mom right here, however she was right.)
— Begin a aspect enterprise. It’s too troublesome to elucidate why right here, however the very best cause is the potential tax benefit and the potential revenue. Your individual aspect enterprise is the LAST space the federal government has but to assault. Make it easy and get going. An additional $400 per thirty days actually helps.
— If you’re ready, buy high quality single household houses in a good space and switch them into rental items. (Your aspect enterprise?)

I’ve talked to a lot of people that really feel that they’ll ‘let their residence go and hire for awhile’. Rental charges are decrease than their mortgage charges. Sure, they’re! ‘We will save a lot of money by renting vs. paying the mortgage, and in 2 years we will buy once more and have a good down cost.’ Nicely, it’s truly going to be 5-7 years earlier than your credit score report seems ok to buy a residence once more. And may you actually save the money? Most individuals will spend the money on toys. If hyper-inflation hits, like some economists predict, then you definately’ll be priced out of the market. Do you wish to take the possibility? Hold your house, do a HARP 2 Mortgage modification, and cling on – the subsequent 5-7 years are going to be fulfilling.

Dennis Dahlberg is Common Supervisor of Degree 4 Funding, with a few years of flipping and fixing actual property expertise.