If you are done with the daily grind of a 9 to 5, real estate investing may be just what you need to make full-time income on your own terms. With Texas hard money lenders, you can get the financing you need to make home flipping a profitable venture.
If you dream of being your own boss and getting out of the rat race, Texas hard money lenders may be just what you need. Using hard money loans, Texas investors can purchase real estate to fix up and sell for a profit. With a few smart investments, elbow grease, and the right lending team on your side, you can soon make a full-time income by rehabbing and selling dilapidated properties.
In order to purchase your first fix and flip, you need to secure financing. One way that many investors use is hard money loans from Texas hard money lenders. A hard money loan is an asset based loan that is determined by the potential value of the property you are purchasing. This is a great option for you if you have credit problems, have a high debt to income ratio, or are purchasing a property that requires quick approval or a cash sale.
Pitfalls of Hard Money Loans and How Texas Hard Money Lenders Can Help You Avoid Them
While hard money loans can be a great financing option, there are some potential pitfalls that you need to be aware of. First and foremost, Texas hard money loans come with a higher interest rate than traditional financing options. If you are working with reputable Texas hard money lenders
, you can minimize this risk by getting a short term loan and working with them on interest only or other repayment options.
Secondly, never borrow more than the property will be worth. You can help protect yourself from the risk of losing money by having an accurate appraisal and working with a real estate agent who is knowledgeable about the are you are buying in as well as the rehabbing process.
Once you have decided to take the plunge, contact Texas hard money lenders to learn about all of your financing options.
Finding the right Texas hard money lenders
can help you start the process of being able to be your own boss and make a full time income by real estate flipping.
Dennis Dahlberg Broker/RI/CEO/MLOLevel 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.