The term home loan brings to mind the traditional 30-year mortgage that home buyers use to fund the purchase of a house, but that’s not the only way to fund a home loan. Investors are a special breed of home buyer. They have different needs and that’s why Arizona Special Home Financing exists.
In order to obtain Arizona Special Home Financing from a Arizona Hard Money Lender, you’ll need a well thought out business plan. They’ll want to know about the specific home you want to purchase and what your rehab plans are. But to start your fix and flip business there’s a bigger picture plan that needs to be put into place.
Here are some of the things you’ll need to consider when starting your fix and flip business:
There may be certain areas of your city that will work better than others for fixing and flipping. Knowing those areas is important so you can select a property that will bring in a good return on your investment.
Do you want to stick to only single family residences? Are townhomes an option? If the home has an HOA are you prepared to work around their restrictions? Consider the different options to narrow down your flip opportunities.
You’ll also need to take a deep dive into your budget to plan for how many houses you can flip without digging yourself into a financial hole. Be prepared for all expenses beyond the rehab such as HOA dues and taxes.
Once you have your business plan prepared you can tailor it to specific properties that you want to flip, giving you a groundwork for your Arizona Special Home Financing application. To learn more about your funding options, call Level 4 Funding today!
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.