When you’re just starting with the world of hard money lending, you might wonder if an upturn in federal interest rates would impact the rates for a hard money loan. To put it clearly, supply and demand influence hard money loan rates as opposed to federal rates. When it comes to hard money loans, supply […]
Last time we shared how Tampa residential real estate is seeing positive results. Earlier this month, South Florida Business Journal published a story also painting another well-known Florida city in a positive light: Miami. Indeed, the “Magic City” earned a spot among the top ten of cities with the highest residential real estate in the […]
When you think about Miami, what cities to come to mind? Chances are Miami Beach is probably one of the first cities that immediately conjure images in your mind of sun and fun. As one of the most photographed and filmed areas in the country, the South Beach area in particular remains a major highlight […]
Some great news has recently emerged for “The Big Guava” of the United States, better known as Tampa, Florida. According to a recent report, the city is within the top thirty of metropolises with the most valuable property. Furthermore, it’s earned second place as the city with the highest valued real estate in the state […]
After a not so hot April that saw a significant drop in year-over-year sales of single family homes and condo townhomes, Florida appears poised for a major comeback. For the 100th straight month, the median sales price across the state saw increases for single-family homes as well as condo-townhouse properties year-over-year: six percent to $275,000 […]
Based on a recent 2020 Vacant Property and Zombie Foreclosure Report, over a million residential properties across the country are currently vacant, comprising just over one percent of all homes in the United States. During the second quarter of the year, more than 258,000 were in foreclosure, an increase of over eight percent from the […]
A significant hurdle that needs to be dealt with when exploring properties for sale is the possibility of a lien as they can affect the ability to sell a property and must be resolved in order to proceed with any potential investing plans. To provide a basic definition, a lien is a monetary claim by […]
South Florida has seen a wave of people from the northeast in recent years, allured by Florida’s low property taxes and no income tax. Sales of upscale homes and condominiums in all three counties had seen considerable upticks by December 2019. Furthermore, demand has seen ongoing increases amid the COVID-19 pandemic as buyers seek additional […]
Foreclosures are a popular yet risky investing venture, especially for intrepid investors that have little to no experience dealing with auction foreclosures. To minimize the risk, it is wise to proceed with a solid understanding of the risk involved. If you’re thinking about using hard money loans for an auction purchase, keep in mind some […]
If you’ve been trying to buy Florida property, you may think it’s your chance now. Although COVID-19 has caused tremendous disruption to businesses and employment, it has generated opportunities as well. Housing demand is down, which may make you think prices have gone down. This is not the case in Florida though. Florida builders are […]