You have a good job. You grind out a living, pay the bills, keep your family going, and establish a trickle of savings flowing. Sure, for some time, things seem to have moved along quite well, and you may not have any complaints about the way things are going. Your savings account has been growing alright. It is looking pretty solid. However, you see others in the community, other friends, family, and neighbors, investing in side ventures and securing a decent return. Securing more money. More money sounds great to you, but where to start?
The more research you do, the more you see that real estate as a viable option for side income. Taking note of the prior, you make a list of possible real estate investments and the opportunities that each investment offers in the given market. First, you consider flipping a house, that is taking a distressed home and restoring it to proper condition and market value. Though the flipping market may be a bit down on returns from what it once was, and may have a bit of competition, it still offers up to a 40k average return on investment. Not bad, not to mention that flipping homes is a business that has been known to help starters with limited credentials, education, or formal training enter into real estate investing.
Next, after some more study, you find rental properties to be another favorable avenue to secure side money. Though you do not own a second property to lease, you come to understand that there are ways to acquire and rent property. You read on the various ways of acquiring property and find renovating and renting to be a favorable way to reduce startup costs. Renovating to rent, similar to flipping, would entail acquiring and repairing a distressed home at wholesale value: Find it, fix it, rent it. Lastly, you consider the idea of purchasing, building upon, and selling property. All three of these investment strategies, and whichever of these to be decided upon, will require financing to set into motion. Typically, in these instances of investment, particular types of loans are used, called Arizona hard money loans.
You come to understand that hard money loans allow individuals to secure funding when conventional lenders say “no,” and when it comes to real estate investments, you realize that there are many areas where conventional lenders are unwilling to provide funding.
Finally, you see that Arizona hard money loans are easy to apply for, quick to secure, and power a tremendous portion of the real estate industry. You see this as a means of securing the return on investment that you need.
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.