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loan: Construction Loans: The Dangers of Going Off-Budget
- 01/29/19 09:08 AM
Construction loans present a risk to both borrowers and lenders. As a borrower, you don't have any assurance that your project will go according to plan and your lender has nothing to fall back on besides a hole in the ground and the sky above it if you default. For these reasons, construction financing is distributed piecemeal in the form of draws as construction proceeds.
The draw process has all sorts of exciting risk factors to building projects, the main one being that you have to have a plan and stick to it.
Because construction financing is given out in stages, you … (0 comments)
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loan: Hard Money Lenders: Finding the Help That's Right for You
- 01/29/19 08:54 AM
Hard money lenders offer real estate investors the flexibility needed to finance deals that other lenders avoid like the plague. Of course, not every lender is cut from the same cloth. Learn some of the traits of the ideal hard money lender so you can find the help that's right for you.
When it comes to hard money, you want to look out for hidden costs. In the case of rehab projects, sometimes the loan is given to the borrower bit by bit in the form of draws. Don't get ripped off by making interest payments on money that you haven't received … (0 comments)
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loan: Bridge Loans: Tactics to Increase Eligibility
- 01/29/19 08:46 AM
If you've had a difficult time securing financing for your next commercial investment property because the property is half-occupied or it is in decrepit condition, you should consider the benefits offered by bridge loans. Learn why this type of financing might be the help that's right for you and some approaches to improve your eligibility.
Conventional lenders don't like deserted or distressed properties. This isn’t the case with bridge lenders. Bridge lenders secure their loans based on a borrower’s experience and the potential of a property.
Bridge financing allows real estate investors to capture the long term and short term income potential of … (0 comments)
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loan: 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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loan: How to Read Search Results for Arizona Hard Money Lenders
- 01/28/19 11:02 AM
When it comes to finding Arizona hard money lenders, maybe you’re overwhelmed by your search results. Learn how to read between the lines of a lender’s web page so you can find the help that's right for you.
The first step in reading a lender is finding one first. Because it is the 21st century, Google "hard money…" and before you know it, you should have plenty of results. Make a list of potential lenders in your area, but before you read the lenders’ websites, read some customer feedback and cross lenders with negative or with little to no customer reviews off … (0 comments)
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loan: Arizona Hard Money Loans: Tactics to Pay Less
- 01/28/19 10:39 AM
Arizona Hard money lenders invest in risky deals that banks won't touch, like house flips. In browsing the terms offered by various hard money providers, the double-digit interest rates might shock you. Take a deep breath, as there are some tactics you can use to lower the cost of your loan.
You ask why the cost of hard money is so high.
• It is short-term: No wants to pay 14% interest on a $250,000 loan for five years. This high rate incentivizes you to pay your loan back as quickly as possible. But why do these lenders want their money back so … (0 comments)
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loan: What to Consider Before Getting Arizona Commercial Real Estate Loans
- 01/28/19 10:32 AM
Before taking out Arizona commercial real estate loans, you need to ask yourself a few questions. "Will income from the property pay my mortgage on a monthly basis?" and "How do I intend to generate a return? With quick profits from resale or do I want to earn a steady income over the long haul?"
Let’s consider the first question, "Will income from the property pay my mortgage on a monthly basis?" Hopefully, the answer is yes, but you aren't buying a property to make mortgage payments. In the end, you want to make money.
Before taking out Arizona commercial real estate loans … (0 comments)
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loan: Can an Arizona Bridge Loan Help You Move?
- 01/28/19 09:17 AM
Ever wondered if it’s possible to buy a new home without selling your old one? Don't let the fact that your home hasn't sold yet stop you from making an offer on the home of your dreams, an Arizona bridge loan might just be the help you need.
What is bridge financing? It is a loan that gets you from one house to another. The process is simple, get bridge financing, buy a new house, sell your old home, and use the proceeds to pay off your initial bridge financing.
But there are a couple of approaches you can take.
With a bridge loan, … (0 comments)
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loan: Arizona Fix and Flip Loans: Make the Most of Your Investment
- 01/28/19 09:03 AM
Arizona Fix and Flip Loans provide the cash, but you have to turn that cash into a quick turnaround by making your property a must have. Here’s how to make your property a must-have amongst buyers.
Arizona Private Money Lenders will provide your Arizona Fix and Flip Loan, but what do you do once you’ve secured your investment property? Now you’ve got to actually perform the fix and the flip. Unless you have experience in home and interior design you may be at a loss for how to make your property stand out amongst the others on the market. Here are some … (0 comments)
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loan: Mi Casa, Su Casa: Rental Property Loans
- 01/28/19 08:55 AM
You can make money purchasing homes that can be used as rental properties, giving you passive income. Arizona Hard Money Lenders give you the cash on an Arizona Rental Property Loan so you can purchase quickly.
Have you ever been a renter? Have you made monthly rental payments that went into the pockets of the home owner or a rental management agency? Being a rental property owner can be a lucrative business, but how do you get your hands on that first rental property if you can’t secure a big bank loan? Big banks aren’t the only way to get investment cash … (0 comments)
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loan: Should You Use a Private Money Lender? Your Questions Answered
- 01/28/19 08:47 AM
Big banks are the go-to for large loans, but is that the right way to go? Arizona Private Money Lenders offer you accessibility, flexibility, and quick access to money.
If you asked 10 of your closest friends who they would go through to secure a residential loan or car loan, you would most likely the names of some of the biggest banks in the nation and in the world. For most people their first home loan or first car loan were serviced by a big bank and people tend to be creatures of habit. If you don’t know much about Arizona Private … (0 comments)
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loan: How to Choose an Arizona Hard Money Lender
- 01/28/19 08:40 AM
Arizona Hard money lenders are loan companies who help you make the most out of your money. Here’s a step by step guide to choosing your hard money lender.
Your first question might be, “What is an Arizona Hard Money Lender?” Let’s start there. Hard money lenders are, in so many words, banks that help you make more money using your own assets. Do you have property that you can use as collateral? Do you need money quickly? Traditional loans can take weeks or months to be approved and funded, but Arizona Hard Money Lenders know that you need money now so … (0 comments)
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loan: Spending Money to Make Money: Arizona Airbnb Loans
- 01/28/19 08:34 AM
Earn passive income using an Arizona Airbnb loan to secure an investment property that can bring in money each month. Boost your chances of a higher monthly income with the right real estate investment and idyllic upgrades.Gone are the days of staying in seedy roadside motels, trying to score a last minute reservation in an expensive resort, or shacking up on a friend’s couch when you travel. Arizona Airbnb Loans, also known as rental loans, have changed the way we think of travel, and for homeowners it has changed the way we think of making money using property assets which no … (1 comments)
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loan: A Dream Come True - Private Money Lending for Your Small Business
- 01/28/19 08:18 AM
Unfortunately, a small business can’t prosper without funding. Funding can come from many sources—such as family, friends and loans.
If you are fortunate enough your friends and family will have enough cash on reserve to help you grow your business. However, the reality is most of us do not know many people that can just toss us thousands of dollars to invest in our small business.
A business owner can take out a Arizona small business loan from the bank. However, banks require stellar credit and enough monthly income for them to feel secure loaning money to a business— and let’s not … (1 comments)
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loan: What to Expect with Hard Money Loans
- 01/28/19 08:01 AM
Hard money loans are funded by individual investors when traditional lending institutions can not approve a borrower for what they need or a borrower needs quick financing.
A typical hard money loan will run between 7% and 15% in interest rates and cost anywhere from 4 to 7 points. Points are an upfront fee of the loan amount. Hard Money Loans in Arizona are short-term loans that generally run between six months and three years.
If you took out a loan with a bank for $1,000,000 you would be paying back approximately $6,000 per month—that is including interest. With a hard money … (0 comments)
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loan: How to Find a Hard Money Lender in Texas
- 01/28/19 07:55 AM
Read this article to find a hard money lender in Texas and learn how to make sure your loan gets funded.
When it comes to Texas Hard Money Lenders, many people don’t really know what they are. They have been stereotyped as loan sharks trying to take your money, but in reality this couldn’t be more false. Texas Hard Money Lenders are simply private investors that want to work with you and make money with you.
Finding a hard money lender can sometimes be difficult—especially because Texas Hard Money Lenders vary just as much as borrowers vary. Stay away from anyone trying to … (0 comments)
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loan: 5 Reasons to Use a Texas Hard Money Lender
- 01/25/19 09:27 AM
Texas Hard Money Lenders can be a real estate investor’s best friend. They offer speed and flexibility on top of a plethora of other benefits.
1. You Don’t Have To Have Perfect Credit— If you fall into the majority of borrowers you have a ding or two (or several) on your FICO score. When it comes to traditional loans, the most important factor a bank looks at is that three digit score. If your score falls below their required number—no loan for you! Not only your credit score, but your monthly income is of just as much importance to them. If you … (0 comments)
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loan: If You Can Read This Post, You Can Get A Commercial Real Estate Loan
- 01/25/19 09:18 AM
Both buying and renovating commercial real estate is the mark of a giant step for your small business. However, it can be extremely stressful. It is imperative you completely understand the process—this will take a lot of stress off of you.
Very few small business owners have enough cash on hand to support any type of project with their own money—they will have to take out a loan. Fortunately, there are Arizona commercial real estate loans that can help make the project go much smoother.
There are many options when it comes to Arizona commercial real estate loans. The decision you make will … (0 comments)
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loan: Why Would I Need an Arizona Bridge Loan?
- 01/25/19 09:04 AM
So, you’ve put your house up for sale and you’ve begun to look around for your new, upgraded home. In no time at all you have found your dream home but, there is one problem—you haven’t sold your house.
Most people can’t afford to pay two mortgages. This is where a Arizona bridge loan comes into play. When borrowers want to buy a new home before selling their initial investment a Arizona bridge loan can give you the money for a down payment on a new home before the sale of the old home is complete.
Unless, you have stashed away a big … (0 comments)
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loan: How To Determine If Hard Money Will Work For You
- 01/25/19 08:57 AM
Hard money loans are typically used by investors who need funding for an investment property quickly without the strict requirements of traditional mortgage lender financing. However, Hard Money Loans in Arizona can be used efficiently in other scenarios.
Essentially, hard money loans are short-term loans that provide financing to a borrower—these loans are secured by the borrower’s property. Texas Hard Money Lenders are private lenders. Because of this the hard money lender can be more flexible with their terms. Usually, these loans are right around a 12 month loan term. Typically, borrowers pursue Hard Money Loans in Arizona to finance their … (0 comments)
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Construction loans present a risk to both borrowers and lenders. As a borrower, you don't have any assurance that your project will go according to plan and your lender has nothing to fall back on besides a hole in the ground and the sky above it if you default. For these reasons, construction financing is distributed piecemeal in the form of draws as construction proceeds. 
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