The key to being successful in real estate investing is to find the right Texas hard money lenders to back your purchases. Without a lender, most investors don’t have sufficient cash to purchase, renovate, and sell properties and therefore won’t ever get their real estate career off the ground.
Unless you are independently wealthy or have family who is, you most likely don’t have the cash collateral necessary to make money by investing in real estate. Sure you could probably finance one property but it is unlikely that you would be able to get a cash loan to get a good deal or make an auction purchase. In addition, you won’t be able to borrow more than the mortgage amount to use to fix up the home.
So, you may think, that unless you are a millionaire, it is impossible for you to make money in real estate. This is simply not the case. Using a less commonly known type of financing called hard money loans from Texas hard money lenders, you can break into the real estate game.
How to Make Money With Hard Money Loans from Texas Hard Money Lenders
Once you have decided to stop let finances hold you back from making big bucks with real estate investing, it is time to do a little research to find Texas hard money lenders. Hard money lenders specialize in asset based loans called hard money loans. Hard money loans are backed by the property you are purchasing and are cash loans. This makes them ideal for foreclosure and auction properties. You can also use a cash offer to get a better deal on many properties. If you can talk the asking price down, you may even have enough left over to put towards some renovations.
Once you have obtained your hard money loan, you use it to purchase a real estate investment. Whether you choose a fix and flip, short term rental (think a home in a city that is getting a big sporting event or other event that will attract short term vacation rentals), or another real estate investment. Once you sell the investment, you use the money to pay back your Texas hard money lenders
. Any amount above and beyond your loan value, is your profit to keep.
There are several benefits to hard money loans. First and foremost, they are not based on your credit score or finances. Secondly, hard money loans are very flexible in their terms. You can often get extensions if you need to and there are even interest only payment options. Finally, hard money loans allow you to cross collateralize to borrow more money if you run into unexpected expenses.
Once you have decided that hard money loans are the right option for you, find Texas hard money lenders to lend a helping hand and make your dreams come true!
A hard money lender can help you get started on the hard money loan process. Your lender can also point you in the direction of other real estate professionals that can help you on your investment journey. Don’t put off getting a loan any longer. Make your dreams of becoming a real estate mogul come true today!
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.