Work at Home? Using Hard Money Loans, Texas’ Self-Employed Can Become Homeowners

It’s kind of odd the way people who follow the American dream and choose to start their own business get penalized. In many cases, it disqualifies them from becoming homeowners with traditional mortgages, but with hard money loans, Texas’ self-employed people can own a home, too.

“Good Luck Getting a Mortgage.” That was CNBC’s message to the self-employed when they covered just how difficult it is to buy a home when you’re your own employer. It’s hard enough to get a mortgage as it is, but those who work from home or freelance have an even more difficult time. A study from Zillow discovered that self-employed individuals only get six loan offers for every ten that traditional employees do.

Difficulty obtaining an offer is just the start of it, though. CNBC reported that some banks are demanding several years of tax returns, corporate tax returns, and even Googling their applicants. One unlucky would-be borrower was quizzed about the names of clients who were using her freelance writing services, which she aptly summed up as “intrusive.”

Data shows that self-employed people make about 81% more than those who work for traditional employers, but that doesn’t seem to matter to banks. Entrepreneurs wind up having to fork over an average down payment of 15.3% percent, while their salaried counterparts generate a mere 14.6%. Using hard money loans, Texas’ self-employed can get around some of the issues, but very few people are familiar with the method, even though it’s been around for seemingly forever.

When Considering Hard Money Loans, Texas Borrowers Don’t Have to Worry About Eligibility

When doling out hard money loans, Texas lenders tend to focus more on the value of the property being purchased, rather than the financial background of the individual applying. This makes it much easier to get approved, and far less “intrusive.” Because the self-employed have so much more paperwork to manage with a traditional mortgage, the length of time it takes to seal a deal can be months, if it ever happens at all. With this method, the timeline is much shorter, even compared to what a salaried employee might endure. Loans are often funded within days, rather than the weeks or months a traditional path might take.

To get advice on hard money loans, Texas borrowers should always consult a pro.

There are many varieties of hard money loans Texas lenders specialize in, and there are solutions for just about every circumstance. While some options are geared more towards people who purchase with the intent to rent or flip, certain packages are put together especially for people who are self-employed. For this reason, it’s always a good idea to speak with someone who handles several types of loans, so you can be sure you’re getting the right one for your needs. CNBC’s succinct quip was sadly true about the traditional mortgage industry. Thankfully, there are other means available that put homeownership within reach, even for those who write their own paychecks.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

  

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Eager to Move? Using Hard Money Lenders, Texas Homeowners Can Buy Before Selling

There are many reasons why a homeowner might want to move before his house is sold, but it’s difficult to do when the funds are tied up in a property. With help from hard money lenders, Texas homeowners can receive what’s known as a “bridge loan,” so they can move when it’s best for them.

For most people, their home is the single biggest investment they will make in their lifetime. Although they may trade it out a few times over the years, the majority of their income is poured into the property. That money gets locked down tight, and banks aren’t keen on releasing any of it back to the homeowner.

However, we also live in a world where moving for the sake of employment is often necessary. There are a myriad of other issues that might come up, forcing a family to have to pick up stakes and move quickly and unexpectedly as well. Unfortunately, with the money tied up in a house, homeowners are stuck.

Occasionally, a home equity line of credit can be issued. This is where the bank will give you some of the money you’ve paid, so you can use it on whatever you need to. However, this option is routinely stripped away once the bank finds out that your house is on the market. Using hard money lenders, Texas homeowners can have access to the equity in their home, even if they plan to move right away.

Working with the Best Hard Money Lenders, Texas Bridge Loans Can Be Right for You

The concept is called a “bridge loan,” simply because it’s designed to be short-term, to help bridge the gap between your move to a new home, and the time your old home is sold. The short span isn’t generally a problem though, because most homeowners only need a couple of months to get their old home sold. With help from hard money lenders, Texas homeowners can obtain a bridge loan, and use it to cover the down payment on their new home. The loan is generally based on the equity you have in your existing home, so even people with poor credit or other issues can qualify for this valuable service. So, not only are they easy to obtain, but they’re perfectly designed to fill the gap and make your housing transition incredibly simple.

When working with hard money lenders, Texas borrowers have access to expert advice.

Traditional wisdom says that you should always sell your home before you purchase a new one, but in the real world, that isn’t always possible or practical. Using bridge loans from hard money lenders, Texas homeowners have another tool in their arsenal when trying to navigate the changes of life. Additionally, the people who provide them are experts in the industry, and are familiar with numerous types of financing options, so you can get all the information you need to be sure that you’re choosing the best option for you.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

  

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Quit Your Day Job With Hard Money Loans Texas

If you are tired of the daily grind, it may be time to get out of the rat race for good. With hard money loans Texas you can make full time money as a real estate investor. You get to set your own hours, be your own boss, and have more control over your work life. 

If hanging out at the water cooler and discussing the office gossip over coffee while you make less than you're worth is becoming old, it may be time to look into hard money loans Texas. Texas hard money loans are a specific type of collateral based real estate loan that can help almost anyone get started in real estate investing. Real estate investing can help you make money and get you out of the office, for good. If this sounds like the job for you, keep reading to learn more about how hard money loans Texas work and how you can use them to your advantage.

Texas hard money  loans are cash loans given by private investors and investor groups. They are based on the potential value of the property you want to buy as an investment. You can usually borrower up to 80% of the property's value and you can use other property you own (like your home or another real estate investment) as collateral to borrow more than 100% of the investment property purchase price. This is great news for you because it means that with hard money loans Texas there is little to no money coming out of your pocket.

You can use hard money loans Texas to buy a fix and flip or other short term investment property. You can also use them as a short term bridge loan to help make up for capital that you are expecting soon. Really, the possibilities are limitless, unlike that cubicle job you have right now.

So, what are you waiting for? Get started with hard money loans Texas today!

Learn the ins and outs of Texas hard money by calling us at Level 4 Funding. We can walk you through the process and help you on your journey to building your real estate empire. Who knows, you may be the next Donald Trump.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Tips from Hard Money Lenders Texas: What Makes a Great Real Estate Investment

Hard money lenders Texas know that not all real estate investment properties are created equal. There are some features that make certain properties better investments with a higher potential for earning large profits.

If you are interested in real estate investing, the first thing you need to do is find hard money lenders Texas to help you with your loan. Once you have found a lender you trust, it's time to start searching for a property to invest in. Whether this is your first investment property or your 50th, there are a few things you need to keep in mind as you find the perfect property to invest in.

1. Choose your location wisely. You can change most things about a property, but you can't change the location (unless it is a mobile home which I don't recommend as an investment property). If you buy a home in a bad neighborhood, it doesn't matter what you do to make it nice, you will not be able to sell it for as much as a comparable home in a sought after area. Do your research on neighborhoods, schools, and even streets to find a house in a desirable location. 
2. Don't take on too much. If you are planning to do a fix and flip with your Texas hard money loan from your hard money lenders Texas, don't bite off more than you can chew. If you don't have the budget to fix the roof, HVAC system, and replace all the windows, choose a home with less work to do. 
3. Don't offer list price. Always negotiate. With your hard money loan from hard money lenders Texas, you will be able to buy the property with cash. This makes your offer much stronger than a credit offer so you have some room to negotiate price. Use this to your advantage. 
4. Have the home inspected. Chances are you will be buying a foreclosure or auction property and it will be sold as is. However, you should still have the home inspected to make sure that no unforeseen issues come up. This will help you stay within your budget and timeline. 

Once you have chosen your property, make sure to complete your renovations in a timely manner and stay as close to budget as possible. Use your Texas hard money loan to fix up the property quickly and sell it for top dollar. Once you have paid back your Texas hard money lenders, the rest of the profit is your to keep. 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

How to Make Your Retirement Dreams Come True With Hard Money Loans Texas!

When it comes to retirement savings, most people know the basics, 401ks, 457s, 403s, stocks, bonds, and many more options. But, did you know there are several disadvantages to these traditional options. Namely, they are dependent on the stock market, which we all know can be fickle, to say the least.

With ups and downs in the market, many folks are finding that they are losing their retirement savings. Take the story of one of my employees, for example. Her husband is a fire fighter with the majority of his retirement savings in a 457 fund. This quarter, they LOST $20,000. Now luckily, they are young and have time to make that money back, but all I could think when she was telling me this was how much better off they would have been investing in hard money loans Texas. 

You are probably thinking why, what makes hard money loans Texas a better retirement option than many traditional plans? Well, the answer is simple, hard money loans Texas are not dependent on the stock market and don't fluctuate from day to day as drastically. This is because hard money loans Texas are a real estate investment which is generally more stable since it is not affected by an earthquake in Brazil or the quality of the air in China (seriously, these things can and do tank the stock market). 

If my employee and her husband had used that twenty grand as a down payment for a Texas hard

money loan, they could have worked with Texas hard money lenders to fund the rest of the capital for a real estate purchase. They could have purchased a fix and flip property, vacation rental, or even a long term rental property. These would have made them money as either a fix and flip or long term monthly income. Either way, I guarantee they would have made well more than $20,000 and lost nothing if they made a smart investment. Much better than waiting and hoping there isn't a nuclear power plant meltdown in Japan. 

When you are investing in hard money loans Texas, it is important to keep a few things in mind to help minimize your risk and maximize your profit. Always work with professional Texas hard money lenders who have experience with hard money loans Texas. Each state has different regulations so having a lender who knows the laws in Texas is key. Also, make sure to work with a real estate agent who knows his stuff when you buy the property and always do your due diligence as far as appraisals and inspections go. 

If you work hard, you may find that hard money loans Texas are not only a great way to supplement your retirement income, but may also become a full-time job and passion.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Timeshare Scams - Let Me Count The Ways. . .

If we were to count the ways that the timeshare resorts are training and retraining their salespeople to scam you, that would take too long because the ways goes on and on.

Now of course they don’t think it's scamming, they’re just trying to take your “No” and turn it into a “Yes”. (Dave Ramsey Timeshare Exit Team)

If they have to take a 90 minute presentation and turn it into a 6 or 7 hour presentation so be it!

You see, the resort pays a lot of money to have people like you come through their doors.

Those people on the streets and in the malls that initially called you over to their booth get paid some pretty good money to book your tour and to have you show up at the presentation.

No Shows

If you don’t show up, they call that “No Shows” and if the people in the booths get too many of them, it could cost them their jobs.

So they need to tell you anything they have to have you show up at the appointed time that you scheduled with them.

I read once that people were being promised a new boat. (Now who wouldn’t show up for that?) After the presentation, the new boat that was promised, ended up being a new toy boat! Now in all honesty it was probable a very nice toy boat.

But I’m sure the turnover in the gifting department was like a revolving door because the poor employees that had to give over a toy boat most likely got an ear full on an hourly basis.

Anyway you get the picture. You know the old saying, “If it sounds too good to be true… it probable is.”

But the timeshare industry lives and I hate to say thrives on the rule that there is a sucker born every minute.

And if you could hear the timeshare scams stories that I hear, you would probable believe that yourself.

Now it’s not just the people that you might think that maybe a gullible, because this group includes, doctors, lawyers and Indian chiefs.

How About You

But let’s talk about you, so you went ahead and took to plunge. You took the timeshare salespeople at their word and all the promises they gave you.

You took the hook, line and sinker. You signed on the dotted line and now you’re the proud new owner of a timeshare.

You may even use it a time or two. But now it’s not really turning out exactly like you were told that it would at the time you purchased the timeshare.

They did tell you that they were building new units so just because you had a difficult time booking your vacation, you were still able to do it.

And just because the swimming pool was so crowded that you were only able to soak your big toe, they did say they were going to build two more swimming pools, the construction just hasn’t started yet. It will all be done by the time you come back next year.

But it’s not. Now you’re getting a little ticked, okay a lot ticked!

Your Timeshare Contract

You get out your timeshare contract. You’re sure all this stuff would be covered in the contract. The nice salespeople told you it would be... You know they wouldn’t lie to you.

Of course you didn’t have time to read the contract. They told you at the time you signed it that you didn’t have to. It was just a standard timeshare contract. And you took them at their word.

Oh boy. There’s trouble!

Now you learn that the internet is full timeshare resale scams.

How To Cancel Timeshares

It’s at this point that many people began to think about howto cancel a timeshare purchase and they learn it’s NOT easy to get a timeshare cancellation.

Many people that have been a part of one of those timeshare scams send a timeshare cancellation letter. But they learn this is no help.

The biggest question for many timeshare owners is how do I cancel my timeshare? I’ll tell you more about that in a minute.

Now Back To You

You have decided that you want to get out of the timeshare contract.

So, you call the timeshare company because you want to know how to do a timeshare cancellation. You tell the timeshare company that you have been a part of a timeshare scam.

The timeshare resort tells you, “Sorry. You have signed a legal binding contract and there is no way for you to get out of it.”

But you say, “Yes, but what they told me was, they were going to be more building at the resort and that hasn’t come to pass.” This is a timeshare scam!

The customer service person asks, “Is all that in the timeshare contract?”

“No, but I know they told me that. My wife was right there with me and she heard it too.”

“BUT is it in the contract?”

“No… but…”

“I’m sorry there is nothing I can do. It is a legal contract. Enjoy your timeshare. Have a nice day. Goodbye.”

And now, you feel like you have no recourse.

Good News For Timeshare Cancellation

But WAIT . . . I’m here to tell you some good news about wanting a timeshare cancellation.

You are stuck with that timesharecontract only if you want to be.

What the timeshare resort has done to you can be UNDONE.

I know that there are so many people out there that need to hear that. There are so many people filled with anger, fear and hopelessness.

Take back your sleepless nights and know that there are ways that you can take action against the timeshare scams.

The good news is, your timeshare contract can be canceled. Yes a cancel timeshare can be a reality.

We have valuable FREE information that will help you discover how to cancel timeshare contract – yes, you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.

If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timesharecancellation see our frequently asked questions at: www.timesharecancelcenter.com  Dave Ramsey Timeshare Exit Team

Texas Hard Money Lender - Private Hard Money in Texas

To be honest, your options for loans are more limited now and this goes double for people who don’t have great credit. It means that if you want to rehab the home of your dreams, you have to start thinking about private money lenders Texas.

Private money lenders Texas are for the average investor looking for a property with very little money but a very big dream. If you have the drive to do what it takes to get the job done, then hard money lenders Texas is what you need to start looking into so you can get started sooner rather than later.

Banks have new regulations that make it harder to get the money you need to turn the property that you want. The banks that used to give out the money needed to make your dream a reality aren’t in the business of trusting people anymore, and frankly, who can really blame them? The financial landscape has changed for the worse drastically. That doesn’t mean that people with a solid foundation for hard work don’t exist, however. But their credit scores might not be what they ought. That’s what makes it difficult. That’s why Arizona hard money exists.

Let Texas hard money help you get back the dream. You don’t need a fantastic credit score when you ask to invest with private money lenders Texas. All you need is great character and drive. Texas hard money exists to give you another chance in this market where a lot of people are really struggling to make ends meet. Private money lenders Texas really want to see you succeed. We, additionally, cut out the difficult paper work and the long wait for your money, so you can get started on your dream faster. Texas hard money lets you begin creating your beautiful home almost immediately. Don’t hesitate to look into Texas hard money.

Private money lenders Texas will work with you to purchase your dream investment property. Stop letting banks win. Use your money to make money and your dreams come true!

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027