Hard Money Lenders in Texas Can Help You Make Money TODAY!November 16, 2015
How to Quit Your Day Job With Hard Money Loans TexasNovember 17, 2015
Hard money lenders Texas know that not all real estate investment properties are created equal. There are some features that make certain properties better investments with a higher potential for earning large profits.
If you are interested in real estate investing, the first thing you need to do is find hard money lenders Texas to help you with your loan. Once you have found a lender you trust, it’s time to start searching for a property to invest in. Whether this is your first investment property or your 50th, there are a few things you need to keep in mind as you find the perfect property to invest in.
- Choose your location wisely. You can change most things about a property, but you can’t change the location (unless it is a mobile home which I don’t recommend as an investment property). If you buy a home in a bad neighborhood, it doesn’t matter what you do to make it nice, you will not be able to sell it for as much as a comparable home in a sought after area. Do your research on neighborhoods, schools, and even streets to find a house in a desirable location.
- Don’t take on too much. If you are planning to do a fix and flip with your Texas hard money loan from your hard money lenders Texas, don’t bite off more than you can chew. If you don’t have the budget to fix the roof, HVAC system, and replace all the windows, choose a home with less work to do.
- Don’t offer list price. Always negotiate. With your hard money loan from hard money lenders Texas, you will be able to buy the property with cash. This makes your offer much stronger than a credit offer so you have some room to negotiate price. Use this to your advantage.
- Have the home inspected. Chances are you will be buying a foreclosure or auction property and it will be sold as is. However, you should still have the home inspected to make sure that no unforeseen issues come up. This will help you stay within your budget and timeline.
Once you have chosen your property, make sure to complete your renovations in a timely manner and stay as close to budget as possible. Use your Texas hard money
loan to fix up the property quickly and sell it for top dollar. Once you have paid back your Texas hard money lenders
, the rest of the profit is your to keep.
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
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.