ARCHIVED BLOG POSTS

2012 

Hard money is one of the leading forms of alternative financing, other than the black market, which is illegal, so don’t go there. When loans need to happen quickly, or when traditional lenders will not approve a loan, Arizona hard money may be the only option. Let's review how these loans work, ...
05/03/2012
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost...
05/03/2012
Budgets can balloon quickly on fixer-uppers. If you decide to invest in one, you need a high tolerance for risk, an exit strategy, and an Arizona Hard Money loan to help you cover costs. This is the consensus from most home remodeling experts; You can make more money on a really cheap house that ...
05/03/2012
A huge aspect to consider when flipping a home is curb appeal -- the outside of the house. You might need to paint, landscape and fix up the driveway, which adds to the budget. If you've bought in a pricey neighborhood, mowing the lawn and repairing the fence may not be enough -- there could be h...
05/03/2012
If you're working on a fixer-upper, the budget starts to grow when you consider the renovations you'll need to make. According to most experts, you should add 20 percent to your estimate for the final cost. If you overestimate, you get a surprise windfall -- but if you underestimate, you get stuc...
05/03/2012
The first piece of advice that most flipping experts give: Make a budget. While finding the perfect place and knowing your skill set (or having friends with skill sets) is important, budgeting is where new flippers most often fail. So where to start? First, get financing.  This step was fairly ea...
05/03/2012
Fixer-uppers and foreclosures are what most people think of when flipping comes to mind. But it is possible to flip a house without doing any work on it at all. During the real-estate boom of the early to mid-2000s, flippers could buy new construction homes, hold on to them for a few months, then...
05/03/2012
You’ve heard of “analysis paralysis?” It’s a disease for many would-be investors. While you don’t want to dive in blindly, if you have done your homework and have found a good deal, at some point you have to just go for it. If you can’t seem to take the plunge, ask financial advisors, like the on...
05/03/2012
Steps to Get Approved For an Investment Property 1. Gather your paperwork. Be prepared to provide copies of: two month’s worth of your bank statements, investment account, and retirement account statements (all pages; not Internet statements); the last two pay stubs if you have a regular paycheck...
05/03/2012
Sellers may also offer to help out by agreeing to accept part of the purchase price in the form of a note (I.O.U.) that you can pay off in the future. Certain loan programs allow sellers to contribute toward the closing costs to help minimize your out-of-pocket expenses. You also may be able to b...
05/03/2012
Rainmaker
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Dennis Dahlberg Broker/RI 623-582-4444

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