Investing in fix and flip properties can be a reliable way to make income, especially if you are looking for more flexible work and have the time to make such an investment. Flipping houses require the right planning, know-how, and access to funding. Traditional mortgages fall short when it comes to these properties, so what...Read More
Standing out is important for any buyer, whether you are purchasing your “forever home” or looking to make an investment by flipping property. Multiple offers and bidding wars have quickly become a common part of the home buying process because there has been a high demand and low supply of homes throughout Florida, especially in...Read More
Jumbo mortgages, or jumbo loans, is a type of mortgage given out by many types of lenders, including hard money lenders Florida. They are available when financing exceeds Federal Housing Finance Agency (FHFA) limits. Unlike traditional mortgages, they cannot be purchased, guaranteed, or secured by Frannie Mae or Freddie Mac. They are used to finance...Read More
Residential hard money loans are a great way for borrowers to purchase homes without dealing with the hassle of traditional lenders. Since hard money loans do not utilize traditional forms of credit approval, they are much quicker and easier to use, with qualification relying solely upon collateral. Hard money loans are not available to borrow...Read More
With hard money loans, the interest rates are largely based on risk versus a borrower’s credit score. It’s important not to confuse them with equity loans, which are issued by banks after evaluating the value of a home and the borrower’s credit score. A hard money loan is a viable solution if money is needed...Read More
A goal shared by many investors is snagging a great real estate deal. To achieve that, however, there is a significant amount of due diligence required to ensure that the deal is, in fact, a good one. With that in mind, there are simple ways to spot signs that may sway you to think twice....Read More