Miami offers lucrative opportunities for investors looking for real estate properties. Buyers dominated South Florida’s market in 2017. But now that the demand has softened, buyers and sellers have met halfway. With Miami set on coming out strong in the market, now’s the perfect time for you to invest.
In Miami Dade FL, hard money lending will provide you with the means to push through with your investment plans.
The Cycle Driving the Demand for Real Estate
In the last three months of 2017, Florida reportedly had a net gain of 214,372 jobs in the private sector. The U.S. Bureau of Labor Statistics shares this was the largest net gain by any state. Many businesses are coming in, leading the growth of Miami’s job market, as well.
With more job opportunities and access to lifestyle and entertainment hubs, many people are targeting the port city as their next home. The result is an influx of population, which means a significant demand for residential properties.
Report from the Miami Association of Realtors Commercial shows a strong multifamily sector as transactions in South Florida reached 140. The figure indicates an 8.5 percent increase for the first quarter, making the city a hot spot for investors. Areas of interest include Palm Beach Counties, Broward, and Miami-Dade.
A Market for International Investors
Miami has distinctly beautiful and sunny weather, making it a hot destination for many people. Tourists from across the country and the world come to visit. The weather, however, isn’t the only thing that’s hot in Miami. International investors also set ablaze the city’s real estate market.
The global economic turbulence has made Miami an ideal market for investors from across the world. Cuban investors came in first, and then the Argentines and the Columbians followed in the 1980s. Miami welcomed the Brazilians in the 1990s, while the Russians set foot in the 2000s.
At the moment, Turkish investors are driving the international demand in the market. They prefer residential properties in Miami because the return on investment here is higher than in Turkey. Billionaire Bekir Okan is among the investors; he’s developing his skyscraper Okan Tower, which is worth $300 million.
Miami is one of the least competitive cities in America, providing more manageable rates for homebuyers. A booming population with many job opportunities and the influx of investors keep Miami’s real estate market going.
You can maximize such opportunities and make timely investments that could grow your income in the future. Turn to us for your capital to immediately fund your transactions.
A Trusted Hard Money Lender
At Monroe Funding Corp, you can enjoy personalized services, fair rates, and zero prepayment penalties. Our fast, proficient, and easy lending services in Florida will eliminate the usual stress in raising funds for real estate opportunities.
At Monroe Funding Corp, we’ll choose the right lending program for your needs. We can help you fund an acquisition opportunity or a refinancing deal even when you’re resolving a troubled credit history. Our hard money lending process is simple and easy, with non-qualifying loans and same-day approvals.
With flexible real estate financing options, our hard money loans will help you invest in your preferred properties in Miami, Florida. Contact us today, and get started right away.