Posted almost 5 years ago

How to Make Money with Spec Home Financing

Trust Deed Investing Information | News and Information

When it comes to investment property loans, you may not know where to look—or how best to make a profit. Read more below to learn the differences between public and private money lenders when it comes to .

First things first: the loan. Who do you go to? When seeking out a proper money lender, you will get to choose between public and private lender. Public lenders are the most common, traditional option. They are composed of banks and credit unions, making it easy for you to discuss your options with your local neighborhood lender. However, they have steep requirements and expectations which can easily exclude borrowers from signing with them. That’s why borrowers may turn to private hard money lenders.

Private are made up of individual companies and investors. These are people who can work with you on a more individualized basis, and will look for more than just your financial history to determine if you are a reliable money borrower. This untraditional option benefits many because there are fewer regulations to maintain, and can be an alternative borrowing option for people interested in .

How Private Hard Money Lending Works

Immediately, there are pretty obvious benefits to working with a private lender on your project. They can get you the money while others can’t, and they can get it fast. This is advantageous on an especially competitive real estate market. However, there are a few things you need to know: it all comes with a cost. Hidden fees and high interest rates are something to watch out for. Your private hard money lender can offer you a personalized and flexible money borrowing experience, but it comes with a price—and a quick repayment period. If you move forward with them, you need to be sure you put in the time, energy and research into ensuring you have a solid project that is both reasonable and marketable.

How to Become a Successful Money Borrower

No project should ever be rushed—especially if it is your first one. Take time to ensure that your project has potential. Don’t just take the first property that is available to you, or the cheapest one. One major tip is to seek an improved property. This means a property that already has key features on the property—like water and power lines, curbs and sewers—that won’t be a cause of worry later. Additionally, your improved property should be in an attractive location, in distance to local businesses, restaurants and entertainment. When your project is finally on the market, it will be more appealing to buyers than a property, even a nice one, in a wildly remote location. Lastly, remember that your private lender is going to want to invest in a property in their geographic location. So, if you are seeking out in Arizona, call the reputable lenders at Level 4 Funding. We will work with you so that you can make the most of your explorations in the housing industry.

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
[email protected]
Dennis Dahlberg Broker/RI/CEO

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.