First Timers Loans to Flip Houses in Arizona

As a first-time flipper, it can be difficult to find the appropriate loan. But there are a few tips which can help you secure your first .

When you are getting into the house flipping business, there are many unique aspects of the business that you will need to learn. One of the first challenges that you will face is securing your first few . The process is not anything like getting a mortgage for the home that you will be living in and as a homeowner, it would be very difficult to qualify to carry two traditional mortgages at the same time. For that reason, most flippers are fond of using hard money to finance the purchase of a property to flip as well as to cover the cost of the renovations and repairs.

Hard money is a short-term loan which is designed to be used by real estate investors. These loans are considered non-traditional because they are funded by a private lender and not a bank or a mortgage company, which is considered a traditional lender. The most common term for a hard money loan is between six months and a year but the term can vary because you are working with a private lender who is much more likely to customize the terms of the loan to meet your needs than any traditional lender would.

Another reason that investors choose Arizona Hard Money is that these loans are asset-based. What this means is that the amount of the loan is determined by the value of the collateral, which is the property that you are buying. So the borrower does not need to be worried about having a great credit score or a very low level of debt. This is what allows a new investor to enter the market without having saved the entire purchase amount of the property.

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