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phoenix: Pitfalls of Traditional Commercial Loans
- 02/01/19 11:18 AM
Traditional commercial loans can be difficult to obtain and take a long time to fund. Arizona Hard Money Commercial Loans can help bridge the gap and get you funded quicker to turn a profit from your commercial real estate.
Retail spaces, office buildings, warehouses…. The list goes on and on. Commercial investment properties are a hot commodity in Phoenix, allowing investors to maximize their income potential. The return from commercial properties can blow residential investments out of the water, but that’s because they come with a big price tag.
In order to afford that commercial investment property you’ll need to have the cash … (0 comments)
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phoenix: Spec Home Financing: Why Private Money is the Real Deal
- 01/29/19 09:15 AM
It's doubtful that any builder has the cash in on hand to construct a spec home out thin air. Most developers need some form of capital to bring their visions into reality, and like any other form of real estate financing, there are a variety of options. When it comes to spec home financing, there are three broad classes, banks, credit lines, equity loans, and private money. When it comes to spec homes, private money is almost always your best bet.
The great recession still haunts conventional banks. Come in with a word like "speculative" attached to your application and expect a … (0 comments)
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phoenix: 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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phoenix: 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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phoenix: Is an Arizona Bridge Loan a Win-Win for Your Business?
- 01/28/19 10:24 AM
You know the adage, “time is money.” Well, time spent waiting for money from the bank will cost you money. You might have heard the term "bridge loan" in reference to residential real estate, but these loans can help everyday business owners as well.
Bridge financing allows business owners to move quickly on time-sensitive deals. You might find a fantastic opportunity to expand your business or buy some inventory at a discount. You might need financing as fast as possible, but a bank won't share your sense of urgency.
Months might go by before you can secure a business loan. While waiting on … (0 comments)
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phoenix: 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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phoenix: 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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phoenix: 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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phoenix: Expectations of Arizona Fix and Flip Loans
- 01/11/19 11:03 AM
Lina was a divorced mother of three living paycheck to paycheck until she started flipping houses. Here is her story.In March of 2009 Lina Jerome’s life felt like it was falling apart. Her husband had left her and their 3 daughters. Not left as in living in separate houses—left as in left the country not to be heard from again.
Lina had worked as a teacher’s assistant and her husband had been the bread winner. After he had left her financial world began to crumble. All three of her girls were in different extra-curricular activities and all three went to different private … (1 comments)
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phoenix: What is an Arizona Fix and Flip Loan?
- 01/11/19 10:37 AM
What exactly is house flipping? Simply put, it is when a real estate investor buys houses, repairs them and sells them for a profit.The definition of house flipping may be simple, but it is not as easy as it may sound. If it is done correctly, it can turn a handsome profit. There are two essentials when flipping: property and money.
To find the rehab property that matches what you’re looking for there are a few options:
1. Search MLS: The Multiple Listing Service (MLS) is a database put together by real estate brokers that lists property according to geographic region. Licensed real … (0 comments)
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phoenix: Things to Consider Before Taking Out a Rental Property Loan
- 01/11/19 10:22 AM
Purchasing an Arizona rental property is a smart way to add passive income to your portfolio. But, how do you finance it?
If you are a home owner you may believe that purchasing a rental home will be as simple as getting a mortgage for your home. Unfortunately, it’s not always that easy. Walking away from your home, in times of a financial hardship, would be difficult for most. However, lenders are aware that in those same financial troubles, walking away from an Arizona investment property would be much easier. For this reason, it is more difficult to secure a loan on … (0 comments)
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phoenix: Arizona Private Money Lenders Are There When You Need Them
- 01/11/19 10:05 AM
Are you eager to buy an investment property, but your credit is less than perfect? Have you been turned down by traditional lenders?
Arizona Private Money Lenders, sometimes called hard money lenders, are non-institutional lenders that issue short-term loans. Typically, these loans are for the purchase of an investment property; however, they may also be used for fix-and-flips, rehab projects and quick funding.
Arizona Private Money Lenders are less bothered with a borrower’s credit and more concerned with their hard assets: which is real estate, cash or land. A hard asset will show up on financial statements. This is opposite of a soft … (0 comments)
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phoenix: Want to Buy An Investment Property But Your Bank Turned You Down?
- 01/11/19 09:55 AM
You have searched high and low for that perfect Arizona investment property and finally you’ve found it! You get to your bank only to find out the property’s condition is not up to par with your bank’s mortgage conditions and your credit is less than attractive—no loan for you. But, there is a solution—a hard money loan.
Just like all loans, a hard money loan is money borrowed by a lender. The borrower receives the money and, in turn, the lender receives monthly interest on the loan until final payment has been issued. Where traditional loans are based off the borrower’s credit, … (0 comments)
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phoenix: How To Qualify for a Business Loan Regardless of Your Credit
- 01/11/19 09:44 AM
You’re tired of working for “the man.” You want to be your own boss. That comes with start up money. You’re going to need a business loan.
The hardest part of starting your own business is finding the financing. It can be problematic, but it is not impossible. There are numerous sources when looking for a business loan. The more prepared you are, the better chance you will find your funding.
HOW TO GET AN ARIZONA BUSINESS LOANCreating and building a business requires two things: a great idea and money. Business lenders can have incredibly strict standards. So, the more you know about … (0 comments)
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phoenix: Requirements For Arizona Hard Money Loans
- 01/11/19 08:04 AM
Arizona Hard Money Loans are not the same as traditional bank loans. And because of that, the requirements for these loans are also quite different.
Arizona Hard Money Loans differ from traditional bank and mortgage company loans in many ways, so it only makes sense that the requirements for these loans would also focus on different criteria. But for many borrowers, it is the different qualifications that make hard money so appealing.
Borrowers who have no credit will have a very difficult time getting a loan from a traditional bank because the approval process is based on the applicant’s credit score. The bank … (0 comments)
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Traditional commercial loans can be difficult to obtain and take a long time to fund. Arizona Hard Money Commercial Loans can help bridge the gap and get you funded quicker to turn a profit from your commercial real estate.
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