The Rise of Private Money Lenders in Dallas - What You Need to Know
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A private organization or even a well-off individual is a private money lender. Unlike regular loans, which are mostly from banks, private loans do not have strict regulations. Investors have increasingly embraced private loans because of their lenient guidelines, particularly in Dallas where the loan-to-value ratio is 71%.
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The Rise of Private Money Lenders in Dallas - What You Need to Know
- 2. • The idea of real estate investment in Dallas is increasing at a rapid pace. The city reaps financial benefits from its strong and diverse economy. In addition, Dallas has a growing population and a low cost of living. It has undervalued properties that have the potential to be renovated and sold for a profit.
- 3. • “Why not just go to a bank and apply for a loan?” Well, it is not that easy as banks and other traditional lenders are strict in their criteria and lending protocols. A lot of investors do not even meet the eligibility criteria for bank loans.
- 4. • Private money lending is beneficial for both the lender and the borrower in Dallas. Lenders earn higher returns on their capital than other investments. On the other hand, borrowers access fast funding, having more leverage over their deals.
- 5. • The competition is not extreme in Dallas because the percentage of lenders is the same as borrowers. Owing to this, lenders can differentiate themselves by offering modest rates, terms, and services.
- 6. • Texas is among the American states that do not necessitate a license or registration for private loans. However, the state does check for any illegal or predatory practices.
- 7. • In Dallas, many innovations are on the rise in the domain of private money lending. Lenders are now using online platforms, cutting-edge software, and productive tools to systematize their processes. These processes are marketing, underwriting, closing, and servicing.
- 8. Private Money lenders in Dallas have reached the next level of success in the real estate market. Almost every aspect is proportionate to profit and credibility.
- 9. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik and illustrations by Storyset THANKS Does anyone have any questions? sean@4smartmoney.com +1 (972) 573-9200 https://www.4smartmoney.com/