Phoenix Arizona Hard Money Lender
How many times have you known someone to inherit a large sum of money, talk about investing it, and six months late they are broke wishing they had invested it so the money could have grown? We all would like to see our money grow. The question is how to make it happen.
So you talk to a financial adviser, and he tells you to take commercial bridge loans under consideration. They are short term loans, so you don’t have to wait years to get your money back, and you’ll make a nice little profit in the process.
But like any other investment, there is risk involved. Before deciding to get involved in commercial bridge loans, you may want to take a few things into consideration.
Unlike the initial commercial mortgage, the amount of money involved is a lot less, and you have the benefit of seeing the concept in action. You have a track record to review when considering whether you want to get involved. When you see a business that appears to be on the right track, it may be real tempting to get involved.
But then you start to think—and you end up thinking too much. You go from being excited about being in on the ground floor of something awesome to be nervous you will never see your money again. So rather than give him the amount he requested, you give him a third of it. You tell him that’s it and to make it work.
So he tries. He starts to cut corners. He lets a few people go. He skips an update or two. Before you know it, you’re brave, confident entrepreneur has become afraid of running out of money. Rather than make decisions that help the company progress and succeed he makes ones that doom it to failure.
All because you wanted to believe, but didn’t.
Either Do It Or Don’t
As an investor, you want to see your money grow, but you don’t want to lose it. It can be easy to get caught up in the excitement of the moment, so you mentally force yourself to be pragmatic. You know the business owner is going to be full of optimism and hope because he has to convince you to have it.
So you prepare yourself mentally to remain objective and cautious when deciding what to do. In your mind, giving the business owner some money is better than no money at all. However, in many cases, insufficient funding is the same as dooming a project to failure.
So when you are deciding whether you want to get involved with commercial bridge loans or any other type of commercial lending don’t sit on the fence. Do it or don’t do it. If you are all in, you are more likely to succeed, and if you are all out you can’t lose.
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 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.