Get your real estate investment up and running with Arizona Hard Money Loans.
For many individuals who find themselves in the real estate business, money is needed and fast. Consequently, many real estate investors deal with wholesale purchases. This involves finding property from individuals at wholesale value. This property can come from individuals who solely sell wholesale property to other real estate investors. Wholesale property also can be found by local flippers who find local individuals who are looking to get out of property quickly for cash. The premise is finding a property that is valued under the average retail price and then being able to sell that property for a profit.
There is a trick to this though. To find the right wholesale property, an individual has to act fast. In many cases, real estate investors buy property from auctions. Others find great deals on foreclosed or short-sold properties. And yet, others have connections with local real estate agents or friends who are looking to sell a favorably-priced property. Time is a factor when buying property. Time and money. How quickly can an individual purchase a property in the midst of others who are chomping at the bit for the same prize.
The wholesale value of a property is key to grinding out a great profit. If an investor pays too much for a wholesale property, he or she receives less of a return. If an investor is too slow in deciding on whether or not to purchase a property, someone else will be quicker. If an investor secures a bid or a purchase of a property, the funds for the property must be furnished within a short amount of time. This is why many individuals use Arizona Hard Money Loans when purchasing real estate—it is very, very quick.
Where conventional lenders can take months just to secure financing, Arizona Hard Money Lenders are a favorite for real estate investors because they can secure loans within a week’s time. By securing quicker loans with Arizona Hard Money Loans, real estate investors can acquire the property they need within a time frame that is suitable.
But what happens if the lending rate for Arizona Hard Money Loans is too high? Not a problem. Though hard money lending can have a higher interest rate than conventional lenders, this is not a concern for individuals who are able to acquire conventional loans. Many recipients of Arizona Hard Money Loans use the hard money as a bridge loan until they are able to secure a conventional loan for less interest than a typical hard money loan would have. By using a bridge loan, a real estate investor, especially those concerned with renting property, can acquire wholesale property quickly and then later acquire the interest rate that is right for them by refinancing.
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About: 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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