When you are a real estate investors, whether novice or experienced or something in between, a lot can go wrong. In an uncertain business, hard money lenders in Texas are there to lend a helping hand when you need them most.
If you invest in real estate, you know that nothing is a sure thing. If you purchase a fix and flip, no matter how great of shape it appears to be in, you are guaranteed to find something that you did not budget for. Renovation projects can have hidden costs and your budget and timeline can quickly get out of control. However, you don’t need to despair or lose everything if this situation should arise. Simply look to hard money lenders in Texas to help with your financial woes and help you turn a money pit into a lucrative investment.
3 Ways Hard Money Lenders in Texas Can Lend a Helping Hand
Hard money lenders in Texas
can be your greatest asset as a real estate investor in Texas. Here are a few ways that hard money lenders can help you when you need them most.
1. Getting an initial loan. Most financial experts and hard money lenders in Texas will agree, a hard money loan is one of the best option for real estate investors, especially when you are looking to purchase a fix and flip home. Hard money loans can be used to purchase a variety of property types and they are cash loans with quick approval and funding times. In addition, the terms are often flexible and you can re-negotiate with your lender as you go.
2. Contact your lender if things go wrong. Your hard money lender can help you if your timeline goes off track. Hard money loans have flexible terms that can be extended if you need them to be. This is a great feature if you find that a major repair comes up that will require a longer timeline to fix. Talk to your lender about extending your loan so you can get the project done right.
3. Flexible repayment options. With a high loan to value ratio and flexible repayment options including interest only, hard money loans can help your budget flex to accommodate unexpected expenses. You can also use other properties to cross collateralize and get extra funds if you get into a really tight spot.
There are many ways that hard money lenders in Texas are there when you need them, contact a broker today to get started with hard money lending.
Hard money lending is one of the best ways to invest in real estate and is a great option for novice investors as well as experienced real estate moguls, and everyone in between. Once you have decided that you need a hard money loan, contact hard money lenders in Texas
today to get your loan process started.
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.