Short term rentals have been significantly affected by COVID-19, making it trickier to do effective real estate investing. Many of these properties rely heavily on travel which has largely ground to a halt. To respond to this, it may be worth exploring a change in strategy.
For example, right now healthcare professionals remain on the frontlines as they treat patients and perform testing. Many of these people often need housing solutions that last a few months or they may receive money from their employers to find temporary housing needs. These individuals may be worth marketing to.
Although short-term rentals have become the most negatively affected field of real estate investment, they are an established and profitable investment model in many markets, frequently generating between two and five times long-term rent cash flow.
Should you need a hard money loan for your real estate investing venture, please contact Monroe Funding Corporation or visit our website. We can approve you for the money you need in just hours or minutes versus having to wait for days or weeks through a conventional lender.
This update is by hard money loans Miami company 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 Florida hard money lending, please call 954-816-0388 or fill out our application.