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applewood funding: Top 10 Tips on Working with Arizona Private Money Lenders
- 01/29/19 10:28 AM
Arizona private money lenders might seem confusing if you’re working with them for the first time. Learn how to navigate the money lending process with these tips. If you’re new to the world of private lending, it can be helpful to know how to work well with Arizona private money lenders. In any industry, there are things that, when done, can help make proceedings go more smoothly. To make the lending process as easy as possible for you and your lender, we’ve put together our top 10 tips for working with Arizona private money lenders.
Our Top 101. Know your private lenders’ … (0 comments)
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applewood funding: Simple Strategies to Risk Less When it Comes to Fix and Flip Loans
- 01/29/19 09:24 AM
More and more are getting into the flipping business. Look at the statistics. In 2017, 207,888 single family homes and condos were flipped, the highest number of homes flipped since the pre-recession heyday of 2006. The average profit made per flip last year was $68,143. That's serious money. The recent rise in flips indicates that many new people are getting into the business and its likely most of them are making use of fix and flip loans to do so. Learn some mistakes you want to avoid when it comes to financing flips.
Financing flips is in no way similar to financing … (0 comments)
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applewood funding: How to Use an Arizona Bridge Loan to Get the Home of Your Dreams
- 01/29/19 07:52 AM
An Arizona bridge loan can help homeowners as they transition between homes. This type of loan is a win-win if you want to move, have a buyer lined up, and your deal runs into unexpected difficulties.
Say you've put in an earnest offer on your dream home. The house is just everything. It has a pool, room enough for the kids, and separate space for an art studio. You made an offer on contingency because you've got a buyer lined up on your current home, but the deal just hasn't closed yet.
As the deadline to close approaches, you find yourself packing … (0 comments)
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applewood funding: Top 3 Niches Arizona Private Money Lenders Love to Fund
- 01/22/19 09:58 AM
Defining a preferred niche when you’re in real estate investing can help you establish yourself as an authority, which leads to better deals and more sales. Being in a preferred niche can also help when you approach private money lenders, provided you’ve chosen your market wisely.
1. Single-Family Fix-and-Flips: Going with traditional fix-and-flips is quite common and these get funded all the time. However, you may want to consider digging a little bit deeper and working a specific region, choosing a specific style of home, or catering to a certain demographic. For example, some like to work only in established neighborhoods, … (0 comments)
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applewood funding: 3 Things to Know Before Approaching Residential Hard Money Lenders
- 01/22/19 09:52 AM
If you’re a newcomer to fix-and-flips, residential Arizona Hard Money Lenders can be your best ally. Learn a bit about what they’re expecting before you apply to ensure you get approved.
1. Credit doesn’t matter, but experience does. One of the reasons why working with residential Arizona Hard Money Lenders is awesome is that your personal credit score doesn’t usually matter. You can have rotten credit and still get a loan to finance your flip. Newcomers can get financing as well, but the terms you’re offered are likely to improve as you gain more experience. If you’re cash poor but idea rich, … (1 comments)
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applewood funding: 4 Things to Consider Before You Take Out an Airbnb Loan
- 01/22/19 09:46 AM
Taking out an Arizona Airbnb Loan and starting a business is a great way to diversify your revenue streams or begin working from home. However, there are a few key things to consider before making a purchase
1. Laws: Home sharing and short-term home rentals soared when the economy slumped. It gave homeowners the opportunity to earn some cash and vacationers a way to pick up a cheap rental. Since then, it has morphed into real businesses, and hotels are not happy about that. The good news is, letting a home is legal in most places, but there are some, such … (2 comments)
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applewood funding: Give Me 30 Days and I'll Get You $1,750 with Loans for Airbnb Business
- 01/22/19 09:40 AM
The average person is now making $21,000 annually by renting out their second home. If you’d like to get in on this cash cow, loans for Airbnb businesses will get you there.
A recent report regarding second home purchases highlights a growing trend. People are purchasing second homes at startling rates, but not necessarily to live in. Whereas about 90% of people planned to live in their second homes just a few decades ago, now fewer than 40% intend to. This, of course, is due to the booming rental industry brought about by home-sharing platforms like Airbnb and HomeAway.
The data from … (0 comments)
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applewood funding: 4 Unspoken Mistakes People Make with Fix and Flip Loans in Arizona
- 01/22/19 09:34 AM
You’ll hear a lot of advice about choosing Fix and Flip Loans in Arizona and ideal rehab properties. However, knowing the things people don’t like to talk about, such as their errors and missteps, will set you apart from the pack.
1. Assuming a property will sell for the same price per square foot as others in the neighborhood. Running an analysis goes a bit more in depth than that. Sometimes newcomers forget to consider features of properties that have recently sold in an area, such as pools or larger lots. Even the overall size of the property can impact the price … (0 comments)
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applewood funding: 5 Secrets of People Who Use Arizona Loans to Flip Houses and Get Rich
- 01/22/19 09:27 AM
Not all people who do rehabs turn it into a profitable enterprise. However, those who do use loans to flip houses and get rich doing it have a few tricks they apply to every project.
1. They work with the same people to get their loans to flip houses in Arizona every time. Once you establish a relationship with a lender, you can eliminate some of the work associated with getting funds down the line. This is particularly true when you’re working with private money and your broker is the one going to bat for you for each round of funding.
2. They … (0 comments)
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applewood funding: 3 Approaches 100 LTV Arizona Hard Money Lenders Use to Get You Cash
- 01/22/19 09:21 AM
Finding true 100 LTV Arizona Hard Money Lenders is tough. However, when you work with experienced pros, they’ll get you all the cash you need to fund a successful venture.
If you’re into real estate investing or just getting started, it’s important to maximize the cash you have on hand in order to make the purchase and cover any necessary repairs. Chances are, you’ll have a look around and find that there aren’t a whole lot of 100 LTV hard money lenders, meaning few offer 100% of the value of the property. Because they genuinely want you to be able to wrap … (0 comments)
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applewood funding: Why Hard Money Loans are Interest-Only and What that Means to You
- 01/22/19 09:16 AM
One of the biggest questions people have is, “Are Arizona Hard Money Loans interest only?” Generally speaking, they are, but you should know the benefits and pitfalls before jumping in.
One of the most misunderstood forms of financing is Arizona Hard Money Loans. Unlike traditional lending options offered by banks, these deals are most often financed by individual people, so you’ll also hear the concept referred to as private money. It’s leveraged quite a bit in the real estate industry. For example, someone in the fix-and-flip business might source funds this way. A real estate investor who intends to hold his property … (0 comments)
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applewood funding: How Credit Scores Impact Loans and Why Hard Money Lenders Don't Care
- 01/22/19 09:11 AM
Few people with rotten credit will get the funding they need through traditional methods. Arizona Hard Money Lenders are less concerned with your credit, so they may be a viable option if you’re getting bank denials.
Insufficient credit and low credit scores are involved in 36% and 26% percent of funding shortfalls, according to a recent Small Business Credit Survey put out by the 12 Federal Reserve Banks. Overall, about 77% of businesses do not get the funding they need, which creates a major gap in lending.
What’s more, 87% of small-business owners are using their personal credit scores to obtain financing, simply … (1 comments)
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Arizona private money lenders might seem confusing if you’re working with them for the first time. Learn how to navigate the money lending process with these tips. If you’re new to the world of private lending, it can be helpful to know how to work well with Arizona private money lenders. In any industry, there are things that, when done, can help make proceedings go more smoothly. To make the lending process as easy as possible for you and your lender, we’ve put together our top 10 tips for working with Arizona private money lenders.
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