Want To Create Passive Income? Try AZ Hard Money Loan to Start Airbnb

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Mortgage and Lending with Level 4 Funding NMLS 1018071 AZMB 0923961

It's everyone's not-so-secret desire to generate income that doesn't require clocking in and out at a miserable job. For some, Airbnb can provide that passive income boon and even people with not-so-great credit can do thanks to Arizona Hard Money Loans.

Make no mistake, we are living in the era of the gig economy. Gone are the days of working for one company your entire life and retiring with a gold watch and a goodbye party. People are taking jobs on TaskRabbit, driving for Uber and watching people's dogs on Rover. The undisputed king of the gig economy, though, is Airbnb. People can turn their rental properties into high-end vacation rentals or even transform their basement or mother-in-law suite into a money-making juggernaut.

Travel + Leisure magazine reports that some people are making more than $10,000 a month with Airbnb and, while that's at the high end of the spectrum, the average monthly take for Airbnb hosts is $924. While that's not going to pay all the bills, it's a healthy chunk of change that's fairly simple to make.

Overcoming the Obstacles to Airbnb Hosting

Here's the one caveat — in order to have an Airbnb, most people need to purchase a property, rehab a property and/or do some upgrades to a property to get it ready to rent out. You can use a traditional bank loan, but if you've got bad credit or a questionable financial past, you probably won't get past their stringent gatekeepers.

That's where Arizona Hard Money Loans for Airbnbs come in. These loans use private money and are secured by collateral (usually a property). Because they aren't as heavily regulated, you can usually get one, even if you'd had some issues or your credit score isn't perfect. And, these types of loans typically come in quickly so you can get started with a renovation and start making money as soon as possible.

If you're buying a property to rent out, hard money might be perfect as a bridge loan until you get conventional funding. If you just need to do a rehab, you can use hard money and then pay it back quickly using the Airbnb rental money.

Getting a Hard Money Loan for an Airbnb in Arizona

Ready to start earning relatively passive income on an Airbnb rental here in Arizona? Here at Level 4 Funding, we offer Arizona Hard Money Loanswith highly competitive rates, flexible terms and decades of experience in the business. Let's talk about how we can help you make this extra income a reality — give us a call now!

 

 

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC 
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO


NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701  

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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Rainmaker
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Here in Texas, someone considering purchasing a property for AirBnB rental income should look into local zoning laws. Some require paperwork and hotel taxes in addition to notifying the neighbors.

May 28, 2019 06:12 AM #1
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Rainmaker
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Dennis Dahlberg Broker/RI 623-582-4444

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