Phoenix Arizona Hard Money Lender
A lot of difficult work and unforeseen challenges can go into flipping a property – that is, acquiring a beaten up, worn down house or business, repairing and upgrading the whole thing and then selling it for a profit.
There’s so much to consider – for one, the amount of time it’ll take, the immigrants you’ll be paying to fix dents, tile floors, fix plumbing and garnish the trims. Then there’s the anxiety over the selling itself with such a property. Even if you completely renovate a McMansion and try to resell it, will anyone be able to buy it in these rough markets? Well, as the economy and the stock market steadily rise, the answer seems to be yes, so long as you’re patient and know what you’re doing.
But the most important thing to consider is costs. If your expenses in flipping this hypothetical property exceed or hardly meet your profits, you’ll be up crap river without a paddle. And so what if the banks don’t even understand your project, as they are wont to do in such an unstable market. One way to avoid this is with shaking hands with a hard money lender California. These folks give you all the funds to give your project life and usually only ask for a teensy percentage and payments on interest, so you can focus on all the electrical, getting cable hooked up, you know, instead of how you’ll pay bills month to month. The key to understanding this growing trend of California hard money is essential to anyone trying to make a dollar in the real estate business, especially since so many people are wary of it lately. Hopefully, you can make a right decision that will benefit everyone in the end.
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
Posted Yesterday by Dennis Dahlberg