Hard money loans are typically used for short term purposes, but there is also the option to consider something like a buy and hold loan. These loans involve a strategy where a foreclosed or undervalued property is purchased and held onto until its time to sell, generally once its value has appreciated. In the meantime, the property is often spruced up and renovated or used as a source of rental income. These types of loans are a great way to secure financing while potentially compounding wealth.

While the flipping of property is feasible at just about any price level, property rentals are a little more involved. Still, rent continues to tick upward and the rental market remains considerably active throughout Florida and beyond. Investors wishing to exchange fast, temporary money for long-term, stable income often rely on the proven buy and hold strategy to generate monthly income and allow their properties to appreciate in value. Real estate provides many different ways to achieve wealth, yet the stability and safety of rental properties remains one of the most effective.

This update is by Miami hard money lender Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money loans Miami, please call 954-816-0388 or fill out our application.