So, you have set your sights set upon the potential lucre of flipping houses. Maybe you’ve watched enumerable hours of HGTV. Maybe you’ve seen your friend low-ball a house at auction, install a granite countertop, and landscape a backyard. A month later, after marketing the property on Facebook, he or she sells the property earning a 45% return. You like money. You covet the profits others have made, but you don’t quite know where to get the money to start. So, first, you use public real estate software to compare the houses in your area. Eventually pinpointing a lucrative area, you find a house that is a little run down but nestled within a good neighborhood. Based upon the photos, the general appearance, and a guided tour of the house, you calculate the expenses for purchase and the needed renovation.
You feel comfortable about the numbers and the possibility to make money. However, you need to find a company that provides Loans to Flip Houses in Arizona. You do some research and find the main sources that fund house flipping:
Traditional banks or credit unions
Friends or family
Out of pocket
Well, you are new to flipping, and have a limited credit history. That nixes traditional banking and its list of requirements. Your friends and family are living their own lives, and you do not dare pester them for money. Your personal savings are not as high as they once were, but high enough to establish a sturdy down payment. After a little more reading, you find that Arizona Hard Money Loans to Flip Houses in Arizona seem to be the best option regarding funding. All you need to do is locate a property that has good enough equity potential to secure a hard money loan.
Upon researching local Arizona Hard Money Lenders and brokers in your area, you locate the funding help you need. As commonly offered to many people in the community, terms, LTV, cash down, interest, and stipulations are all conveniently arranged and explained by a local hard money agent. Boom. The power is yours. You now have the funding to start the business you’ve hoped for.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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.