There is a housing shortage in America. Add the element of rising demand, and you have a recipe for properties with premium prices. According to a Reuters poll and market analysts, the lack of supply will push prices faster than the rate of inflation and wage growth.
What does this mean for your property investment in Florida? How can hard money lenders help you?
It means opportunities because The Sunshine State is experiencing a booming economy. And with us as your hard cash lender, you can make the most of your property investment.
A Booming Economy
Economists forecast Florida’s economy to achieve the $1 trillion mark this year, making recession unlikely. New residents to the state are fuelling the booming economy as 898 people move in and generate new income. The Florida chamber even suggests that the value of the State’s products and services is greater than Saudi Arabia.
A booming economy is always good for a real estate business. Such an economy means home buyers are willing to spend more because they are capable of doing so. You can have home buyers splurge on features and amenities.
Another good thing about the state is it has one of the least competitive cities in America. Miami ranked third on the list, meaning it invites more people to move and start new lives in the city. Unlike other cities in California and Washington, Miami offers prospective home buyers options with less expensive properties.
So while houses in other states are making housing less affordable, the market in Florida offers more manageable rates for homebuyers. You can use this to your advantage. With the right houses or apartments in the prime addresses throughout the state, you could improve your portfolio and boost your earnings. You not only have a market, but you also have a great location to work with.
A Magnet for Tourists and Domestic Migrants
The Atlantic Ocean and the Gulf of Mexico border Florida. It’s one of the biggest states in America, with a population of 21 million people.
Most tourists want entertainment and relaxation, which they find in Florida. Domestic migrants, on the other hand, appreciate the high-quality of living the state offers. For instance, rich retirees move to Sarasota because of its ideal location. Sarasota has had a near 20 percent spike in price.
The booming market also spreads throughout the state, from South Beach up to Fort Lauderdale, Jupiter, West Palm Beach, Fort Pierce, Port St. Lucie, and beyond.
Of course, you need the capital to fund further investments.
An Easy Process for Hard Cash Loan
We make hard money lending effortless and quick. This can help fund your non-owner occupied real estate investment projects. You can rely on our team to structure a loan product that suits your needs. Enjoy our fair rates and personalized services.
At Monroe Funding Corp, hard money lending is an empowering tool for your real estate future. We provide fast, proficient, and easy personal service.
Contact us today and immediately get started with your investment.