Most people dream of having money coming in every month that doesn’t require them to clock in and clock out a job they hate. Most people also think that the only way to do that is to have a ton on money in the bank to buy a rental property. If you’ve ever thought that way (and it’s stopped you from taking action), we’ve got awesome news for you! Not only is it within your reach, but it’s also probably easier than you think.
You might be saying you don’t qualify for a bank loan so there’s no way you can buy a rental property. And you’d be right. Banks have rules, regulations and guidelines for deciding to whom they loan money. If you’ve had a short sale or foreclosure on your record, you’ll most likely be denied. If your credit score is below their mandated minimum, you’re out of luck. If your bank account isn’t as large as you’d like, you may get rejected.
Thankfully, the bank isn’t the only place to get a rental property loan. Aspiring landlords get funding for their projects all the time from private investors. These Arizona Hard Money Loans aren’t subject to the same regulations and guidelines, so lenders can decide to take a risk on whomever they want. Even if you have blemishes on your financial history and a less-than-desirable credit score, you can have a dream and a plan and get approved for funding.
Here’s where Arizona Hard Money Loans really shine. With a bank loan, it might take a month or more to see your cash. Without stringent restrictions, you can get approved in a matter of days and have your money within a week or two. And, in the real estate business, being quick can sometimes give you an amazing advantage over other offers.
Now that we know that you can get approved for a loan to buy an income property, it begs the question — how do you go about getting one? Well, you’re in the right place. Level 4 Funding has been doing hard money rental property loans for decades, so we have the experience to help you through the process. Contact us now to find out how we can work together.
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.