Is Arizona hard money good for first time investors?
As a first time investor, Arizona hard money might seem really confusing or you might be really curious about what it entails. Arizona hard money is not a traditional loan; it is not based on a bank’s decision but instead based on the real estate property that you wish to purchase.
Typically with Arizona hard money, you can also get much more money than you would with a traditionalArizona hard money can give you up to one hundred percent of the value of the property you are borrowing against. That is much more than a regular loan issued out by a bank.
bank loan. Sometimes
Since Arizona hard money comes from people instead of a typical lending institution, you have some more leeway. Private money lender Arizona is an individual who issues you money. It can be from someone you know or even someone you just met who wishes to invest in your real estate endeavor. Meanwhile, hard money lender Arizona is a group of individuals, not just one person, who invests in your real estate property.
While the interest rate is much higher than a traditional loan, that isn't something you really have to worry about with an Arizona hard money loan because the turnaround goes by so quickly you won’t even have time to rack up interest.
It is good to know these things before you start looking into an Arizona hard money loan or investment because you want to make sure that you’re getting what you wanted out of the deal. An Arizona hard money loan is great for someone who wants to skip the hardship of the bank loan paperwork and get right into the business of flipping property.
Don’t be shy, first time investor or not, the time to look into Arizona hard money is definitely today.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel: (623) 582-4444 | Fax: (888) 279-6917
www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 850
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