A buy and hold property can bring great long term income, but only if you get great tenants. Here’s some ways to make sure you’re selecting tenants using proper criteria.

Many investors focus on Arizona fix and flip opportunities but there is also the prospect of holding a property beyond your initial Arizona hard money loan, obtaining a traditional loan for the mortgage, and take in long term rental income.

A buy and hold property is only as good as the tenants who reside there. Your selection criteria should help you determine who is going to be a stable occupant who will be able to meet the terms of your rental contract.

Make Your Selection Parameters

Here are a couple of things you’ll need to consider when outlining your selection criteria:

· Ideal income to rent ratio

· Minimum credit score

· Background check result considerations

· Personal and rental references

Pre-Screen to Save Time

You don’t have to carefully consider every potential tenant which can waste your time and theirs. Some will show red flags straight away. Getting them on the phone and asking a few up front questions can help you narrow down who is most suited for your property. You’ll still have to run credit and background checks, but if they tell you from day one that they have less than ideal credit, you can cross them off the list.

Perform Due Diligence on Applicants

We would like to think that everyone will provide completely truthful information on an application, but that isn’t the reality. You’ll want to confirm employment and references for accuracy.

In order to obtain a buy and hold rental property it may be best to use a Arizona hard money loan prior to qualifying for a traditional loan. Hard money lenders like us can fund in as little as a week so you can get started on any rehab for the property and get tenants in as quickly as possible. Call us today to find out more about securing a Arizona hard money loan!

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Colorado Hard Money Loans aren’t just for investors, owner occupied Colorado Hard Money Loans are here to help people buy the house of their dreams!

It’s common knowledge that Colorado Hard Money Loans are a great way for investors to get the funds for their investment projects. But did you know that owner occupied Colorado Hard Money Loans exist? It’s true!

There are two types of owner occupied Colorado Hard Money Loans. First, it can be used to purchase a home if traditional lending isn’t an option. Second, it can be used for investment purposes. Here’s the run down!

Owner Occupied Residential Properties

We know that purchasing a home through a traditional lender means tough requirements that not everybody can meet. What an owner occupied Colorado Hard Money Loan will do is enable a buyer to make a purchase with less than desirable credit until they can secure permanent funding.

Here are some reasons you may want to use an owner occupied Colorado Hard Money Loan for your primary residence:

Bad credit, recent foreclosure, or short employment history.

We can look beyond the traditional requirements to see the value you bring to the table as a buyer and we can create a loan tailored to your needs and have flexible repayment plans that can tide you over until you qualify for a traditional home loan.

Owner Occupied Investment Properties

Here’s another fact about owner occupied Colorado Hard Money Loans – you can use them to buy a multi-unit property, occupy one of the units, and rent out the rest! This is a great way to use real estate as an investment because not only will it provide you monthly income, but it’s an easy way to manage a property yourself and save costs on a property management company.

We here at Level 4 Funding have helped countless investors and buyers get the money to make the purchase they dream about. If you want to discuss how an owner occupied Colorado Hard Money Loan could work for your situation, give us a call today!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

While home loans are intended to help buyers settle into residential properties and have long-term durations of usually 30 years, Arizona Commercial Real Estate Loans differ with a duration of 3 to 60 months

Residential or home loans are amortized loans, or loans with scheduled payment periods comprised of principal and interest. Principle, interest, and term are calculated to arrive at the scheduled payment amount. Towards the beginning of an amortized loan, a greater portion of scheduled payments goes towards paying off interest. As more payments are made and the interest portion of the loan decreases, gradually, more of the principle is payed off until the amortized loan, both principle and interest, is payed in full.

There are two main types of amortized loans: fixed and variable interest rate loans. First, fixed rate loans have set interest rates throughout the loan’s entire duration. Market fluctuation or economic changes do not influence this rate. It is fixed, set, locked. Fixed rates are favorable when interest rates are at a low and buyer credit is in good standing. Locking the interest rate for a long duration of time at a favorably low interest rate is beneficial for the borrower, especially when interest could possibly rise. Second, variable rate loans have interest rates that fluctuate with the market and federal rates. They benefit individuals with poorer credit or who are not looking to stay in a home for an extended period of time. After choosing between fixed and variable types, the option of conventional or government-insured loans exists. Opposed to conventional lending, FHA, VA, and USDA loans are all government insured loans that offer different financing options to first time buyers, veterans, or individuals in rural areas.

While home loans are intended to help buyers settle into residential properties and have long-term durations of usually 30 years, Arizona Commercial Real Estate Loans differ with a duration of 3 to 60 months. Arizona Commercial Real Estate Loans have shorter terms than residential loans but longer amortization rates. This allows the commercial borrower to make lower payments throughout the loan’s duration, payments based on say a 30-year amortization period, and then pay the lump sum of the loan at the end of the term. Longer amortization periods are beneficial because they allow commercial entities to maintain cash flow.

Fuel Success with Arizona Commercial Real Estate Loans

Finally, LTV. Residential loans typically have lower LTV rates than Arizona Commercial Real Estate Loans. Though residential loans can have an LTV in the 80%-90% range, Arizona Commercial Real Estate Loans may have an LTV rate of 40%-90% depending on the borrower, stipulation, property, and lender. In conclusion, Arizona Commercial Real Estate Loans may have smaller terms, longer amortization rates, lower LTV, and higher interest than a typical residential loan.

Arizona Commercial Real Estate Loans are there when you need them at Level 4 Funding

If commercial lending is right for you talk to your broker at Level 4 Funding. Financing for Arizona Commercial Real Estate Loans are fast, competitive, and effective. Funding up to $50,000,000 available to qualifying borrowers.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Conventional lending may be the GOLIATH of loans. While secure, grandiose, and abundant in low rates, it is also SLOW. Don’t let the banks stop you. Get the financing you need, FAST, with An Arizona Bridge Loan through Level 4 Funding.

When conventional lenders say “no,” An Arizona Bridge Loan meets temporary financing needs, provides needed capital, and sets plans into motion. “No” does not mean no, it means “not yet.” Don’t let the banks and their tedious stipulations bully you. Apply today and see if you qualify for An Arizona Bridge Loan through your hard money broker at Level 4 Funding.

The reasons for acquiring An Arizona Bridge Loan are legion:

1. Move into new home before selling the old one: Many times, for those interested in residential property, selling and buying homes can be a difficult process. Selling a home, especially, can be a long, tedious, and cash consuming process. An Arizona Bridge Loan eases this, allotting individuals the financial support they need to purchase and move into the new home of their choice before their old home even sells.

2. Refinancing: Tired? Over encumbered? Overburdened by too many loans. Escape the riptide of financial burden. Refinance, consolidate, and build credit.

3. Remodel or refurbish: Is your property looking a little shabby? Increase the value of your property by refurbishing. Bridge loans have helped borrowers improve the value of their homes.

4. Use asset to buy new assets: No cash down? No problem. Use assets to acquire more assets.

5. Acquire real estate: Conventional lending may be the GOLIATH of loans. While secure, grandiose, and abundant in low rates, it is also slow. However, in real estate investment, fast is often needed. The nimble and quick-witted reap the benefits of distressed, wholesale, short-sale, and foreclosed properties. Where banking takes months to finance, a hard money bridge loan secures acquisitions, investments, profits—fast.

6. Finance initial construction: So, you want a loan on a lot of land. Too bad, the bank says no. The bank does not like lending on lots. No worries. You happen to know a hard money broker at Level 4 Funding. You can get the financial backing you need to acquire a lot of land and perhaps even the funding to finance all or a needed portion of your building ventures.

Don’t Except “No” for an Answer from the Banks: You Can Get An Arizona Bridge Loan

If you fall into any of these categories and are interested in An Arizona Bridge Loan, get a quote today at Level 4 Funding. Find the financing you need until conventional lending comes around.

Get An Arizona Bridge Loan today through Level 4 Funding

Though rates and terms vary per borrower, these are the general range of potential stipulations to be expected: Up to 90% LTV may be available. Typically, An Arizona Bridge Loan will span a term of 3 to 24 months. Bridge loans are interest only loans. Minimum rate of 7.99% APR

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Owner-occupied Hard Money Loans in Colorado are fantastic for real estate investors who are just starting out but have dreams of making a big splash. Here’s how to leverage one to dip your toes into the real estate biz.

A lot of people love the idea of getting into real estate investment. After all, it’s a great, time-honored way to build wealth. Many back down, though, when they see how expensive it can be to get started. That’s where owner-occupied loans come in. They offer dreamers with a bit of entrepreneurial spirit the opportunity to build, even when they don’t have a lot of scratch to bring to the table. Before we look at how to use one, let’s look at how they differ from a typical loan.

As the name implies, owner-occupied means you intend to live in the property you are buying. HUD homes and foreclosures often require you to do this for at least a year before converting it into a rental property, and many HOAs also have a similar requirement (though these can be much longer).

Non-owner occupied means the purchaser won’t be living at the residence. These are important distinctions when it comes to the mortgage industry. An owner-occupied loan will generally receive better terms because the lender sees it as a smaller risk.

A Great Bet for People Just Starting Out

When you’re first starting out on your journey to real estate domination, you usually don’t have the fat wallet and a great credit history that banks drool over. Owner-occupied Hard Money Loans in Colorado are secured with collateral and they use funds from private investors, so lenders are more concerned with your tenacity than your bank account and past transgressions. Even better, they come through in a matter of days, meaning you can jump on that dream property faster than with a bank loan. And, here’s the beautiful thing that happens when you end up living on the property: you fall in love. You learn all the nuances of the home; you put your blood, sweat, and tears into it to make it the best it can be. The love and attention you give it will pay dividends a few years down the road when you’re ready to sell or convert it into a rental property.

Get Ready to Grab Your Paint Brush

If you’ve found a great property and you’re ready to grab a paintbrush and start your adventure, give us a call. We can talk about your dreams and figure out the best way to finance them.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

You want to put your best foot forward when approaching Private Money Lenders in Arizona for funding, but research out of Harvard Business School suggests most people are approaching business situations totally wrong. Catering to people and bragging will not help you get ahead, but authenticity just might.

Prepare to be mind-blown. A collaborative study including researchers both Harvard and Wharton suggests you’re approaching business deals wrong, but then again, most of us are. The study looked at two distinct areas; how people view humblebragging and how they view catering. Both techniques are routinely used in business as a form of self-presentation. People use them as tools to make a good impression, and most people believe they’re effective at getting others to like them.

To test the impact of humblebragging, researchers had more than 100 students answer a fake job question regarding their biggest weakness. Over three-fourths responded with a humblebrag. These are the well-rehearsed lines we’ve all been trained to give in interviews. For example, “I’m a perfectionist and it can be irritating,” or “I’m so driven that I sometimes forget to take breaks,” or “I graduated Ivy League, so my peers can sometimes be intimidated by me.” You probably have your own humblebrags as well; for social media, business meets, interviews, and so on. Unfortunately, these kinds of phrases actually sends the message that the speaker is not self-aware and puts the individual in a less favorable light. In follow-up studies, the researchers discovered that people prefer outright braggers and even complainers over humblebraggers.

The group also tested how catering to someone impacts likability. The situation here, however, was just like what people do every day with Arizona private money lenders. They tested how entrepreneurs were received when they approached investors and asked for funding. In some cases, the entrepreneurs catered to the investors by demonstrating that their interests were aligned or by trying to behave in a manner they felt the investors expected. Although most people believe that catering will make them more likable or trustworthy, the inverse is actually true, according to the study. Those who catered were evaluated more poorly than those who did not.

You’ll Be More Successful if You’re Authentic

Regardless of whether you’re approaching private money lenders, an interviewer, or even your friends on Facebook, people prefer that you’re authentic. Being authentic, in spite of any flaws or shortcomings, may actually be the thing that lands you your next job or gets your next deal funded. That’s because people can see through your attempts to present yourself a certain way and it brings everything else into question.

Temper your bragging with self-awareness for the best results.

There are times it’s ok to brag. For example, if you’re approaching Private Money Lenders in Arizona and you have a great track record with fix-and-flips, show off your successes. Don’t hesitate to demonstrate your skills. However, if you’re asked about shortcomings or challenges you’ve faced, you’ll likely do better to give an honest assessment of yourself, minus the humblebrag.

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

There are several differences between a loan for a home you plan to live in and a loan you plan to use as a rental property. Let’s take a look at them and see what they mean for you as a real estate investor.

Looking to make your first rental property purchase? It can be daunting, even if you’ve bought a home in the past. After all, this is a business venture, not a home purchase. So, you’ll need to know the basics of getting financing before you take your first steps. Let’s look at some of the main differences between the two:

● You’ll have to put more money down for a rental property. Because traditional lenders consider Arizona Rental Property Loans a bigger risk than a conventional mortgage, they’ll ask you to put more money down. We’re talking about a minimum of 20 percent, but it could be as much as 40 percent depending on a range of factors.

● You won’t need mortgage insurance. With a typical home purchase, you must buy insurance on the mortgage. With a Arizona Rental Property Loans, there’s no need to do that.

● Interest rates are higher for rental property purchases. While many traditional lenders will claim that their loans on investment properties are just 0.25 percent to 0.5 percent more than their mortgages. Not in the real world. In the real world, you’ll end up one to three percentage points higher.

● You’ll need a minimum of three months payments in your account to apply for an investment property loan.

Alternatives to Arizona Rental Property Loans from the Bank

One alternative to a conventional bank loan is a hard money Arizona Rental Property Loans. With a Hard Money Loan in Arizona, the risk is tied to the collateral, so approval is based less on credit scores, incomes, and past history, and more on the property’s value or potential value. These types of loans can work as bridge loans to get you started on the purchase and repairs of the property until you secure longer term financing.

Hard Money Arizona Rental Property Loans in Arizona

If you’re looking to invest in a rental property in Arizona and you’re considering a hard money Arizona Rental Property Loan, Level4Funding may be able to help. We offer a lightning-fast approval process (24 hours), loan-to-value (LTV) of up to 90 percent, no prepayment penalties, and rates starting at only 7.99 percent. Call us today to talk about partnering.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Not all loans are the equivalent and by no means all lenders provide the equivalent phrases. That may be very true for the hard money loans Arizona patrons rely on to buy and promote precise property. With numerous loan to value ratios, charges of curiosity, and loan phrases, you’ll need to find the easiest hard money loan from a lender you probably can trust. 

Many Arizona precise property patrons rely on hard money loans to finance their funding purchases. The hard money loans Arizona patrons use are asset primarily based financing options that are backed by precise collateral, typically the property being purchased. Onerous money loans are obtained by way of private hard money lenders barely than typical banks.

There are a selection of causes that hard money loans are a go to loan for lots of patrons. First and most importantly, hard money lenders can get you money, fast. That’s key in case you’re bidding at a property at an public sale or shopping for a foreclosures, every of which can be widespread for precise property patrons. Secondly, the hard money loans Arizona specialists counsel are asset primarily based, barely than primarily based in your funds. Many patrons private a lot of properties that are in different phases of being purchased, renovated, and provided. Whereas a property may lastly symbolize a worthwhile funding, proudly proudly owning too many directly can throw off your debt to earnings ratio. This makes getting a monetary establishment loan virtually inconceivable. Nonetheless, hard money loans are nonetheless there when you need them.

Discovering a Lender for Onerous Money Loans Arizona Consultants Perception

As quickly as you have received found a lender, it is time to getting started using the funds out of your hard money loans Arizona specialists trust to make your precise property wishes come true!

Dennis Dahlberg Seller/RI/CEO/MLO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Arizona | 78701

Construction loans present a risk to both borrowers and lenders. As a borrower, you don’t have any assurance that your project will go according to plan and your lender has nothing to fall back on besides a hole in the ground and the sky above it if you default. For these reasons, construction financing is distributed piecemeal in the form of draws as construction proceeds.

The draw process has all sorts of exciting risk factors to building projects, the main one being that you have to have a plan and stick to it.

Because construction financing is given out in stages, you as a borrower need to do everything in your power not to divert from your initial budget. Any diversion on your part and you might not have enough money to finish your project. If you don’t stick to your budget, disaster might be around the corner, as the following purely hypothetical scenario will clearly illustrate.

What not to do when it comes to construction loans

Our borrower is in the middle of building his dream home: a glass box perched over a beach. He’s had a clear budget thus far, but he feels the initial 5 x 5, floor-to-ceiling windows won’t adequately capture the view, so he orders, new 20 x 5 windows which have to be shipped from Italy and cost $20,000 apiece. No matter; he ignores the pleas of his grumbling architect who now has to reframe that whole section of the house to accommodate the new windows. “There’s enough in the budget this month,” the borrower says, and he is right about that, to a point.

Construction proceeds over the next few months as only a bit of minor work is needed, but then, sure enough when it comes time to install the drywall, our poor builder can’t afford the cost of installation.

He asks his lender to increase his loan balance because he just needed to have those new windows, but it’s safe to say the lender rejects his request for more money. Work ceases on his glass villa. Until he can get another loan, the house will remain empty and unfinished. Worse yet, he’s still on the hook to pay the loan for his unfinished dream home.

The best way to risk less when it comes to construction loans is to stick to your budget.

The above story may seem far-fetched, but such situations are not uncommon. If you change your mind on a whim in the middle of construction, you can run out of money and your lender might not agree to give you more.

Do yourself a favor and have a plan and stick to it, unlike our hypothetical builder. Cost overruns are inevitable in any construction project. Most reasonable lenders are willing to work out some contingency if an unforeseen expense comes up, but few lenders are going to give you more money just because changed your mind on a whim. Staying as close to budget as possible is the best possible way to ensure you will have the funds needed to complete your construction project.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

You read that right. Residential Arizona Hard Money Lenders made me a million dollars, and I am going to show you how to do it for yourself.

I was a regular hard working person for years. I would get up in the morning, drive into work, clock in, do my job, and then clock in. I would go home, eat dinner, watch TV, and go to bed. The next day, I would do it all over again.

After a while, I felt so bored with my life. There wasn’t much to it. There was no excitement. Sure, I had a loving wife and children. I just wanted more… I wanted more from my work.

When I wasn’t able to go up the corporate ladder anymore, I felt that I need to do something on the side to get myself out of this rut. I decided to start investing in real estate.

I had always wanted to do something, but I didn’t have the extra cash to do it. Kids are expensive!

I didn’t want to take out a loan, but after hearing of a guy online who borrowing from residential Arizona Hard Money Lenders, I couldn’t stop thinking about it. I felt it was the break I needed to finally get out of the monotony of my work life.

What I Did Next Led Me to a Million Dollars

I called up a residential Arizona Hard Money Lender just to get information. I hung up with the lender with the process underway to have a couple of hundred thousand in my back account in two business days. It really was that simple. I could hardly believe it.

When I was speaking to the lender, he made so much sense that I couldn’t turn it away. All I did was give him the information he needed to use my home as a security for the loan, and that was it.

Once I had the money in my bank account, I worked with a real estate agent to find a place that I could rent out to people in the summer. It was already April, so I had to act quick. Since I had the cash, I was able to find a place that I could pay cash with, and have it ready for renting by Memorial Day – the non-official first day of summer.

My beach house has been booked ever since that weekend and it only took me three months to pay the lender back. Since I bought the beach house, I’ve been able to buy two others, and now I have a million dollars sitting in the bank.

You can make a million dollars with residential Arizona Hard Money Lenders too.

I didn’t do anything unrealistic. You can do the same thing. All you have to do is follow what I do – call the residential Arizona Hard Money Lender here, and get started.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
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.

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