If you are looking to flip a house for profit or invest in real estate, you need to know that hard money lenders, Texas investors go together like peanut butter and jelly. With the right hard lender by your side, you can get the loan you need to start making money flipping houses.
According to many investment and financial experts, real estate investing is a relatively safe and easy way to make money. Whether you want to invest in real estate as a side job, or you want to eventually be able to quit your day job and become a full time investor, hard money lenders, Texas real estate experts, and other professionals are there for you.
If you are considering investing in real estate, you need to contact hard money lenders Texas investors trust to get the job done. Hard money lenders give out specialized, asset based loans. Hard money loans are cash loans that are based on the merit of the investment property that you want to purchase.
Benefits and Risks of Loans From Hard Money Lenders Texas
If you want to learn more about hard money loans, it is crucial that you begin researching hard money lenders Texas
real estate investors and financial professional recommend to get the job done. As you are deciding if a hard money loan is the right choice for you, it is important to know the benefits and risks of hard money loans.
1. One major benefit is that hard money loans are not based on your personal financial situation. This means that you can qualify for a hard money loan even if you have a high debt to income ratio or a bad credit score. This is crucial for real estate investing because most investors own a primary property that they live in and some may own second or third homes either as vacation homes or investments. This can throw off your debt to income ratio and make it impossible to qualify for a traditional loan. Hard money lenders don’t care about how much debt you have, all they look at is your potential to make money.
2. Another key benefit of hard money loans is the fast approval time. You can usually get cash the same day you fill out the paperwork. This is great news if you are purchasing a home at an auction or as a foreclosure property. In order to get the best deals you usually need to act fast and have cash in hand. Hard money loans let you do just that.
3. One risk to be aware of is the higher interest rate charged for hard money loans. Since hard money loans are given to investors with bad credit and as short term loans, they represent a higher risk for the lender. As a higher risk, you are charged a higher interest rate. Rates can creep up into the double digits and can eat away at your profit margin if you aren’t careful. One way to minimize this risk is to pay the loan off quickly so you pay as little interest as possible.
With hard money loans and hard money lenders, Texas investors dreams can come true!
Find a hard money lender today to get started on your real estate investing journey. Having the right lender on your side can make all the difference.
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.