Some real estate investors focus on buying properties to renew them and sell them for a higher price, they’re called flippers. In these cases, hard money lenders are always their best option because they offer loan programs specifically for those needs, which are the fix & flip loans.
Fix & flip loans are offered for different amounts but these types of loans are usually provided for a short period of time. It all depends on the amount of work that needs to be put into the property in order to fix it.
As far as requirements you shouldn’t worry about them because they’re not extensive or hard to get. This is also another reason why real estate investors like working with hard money lenders. They save time and only ask for documentation that will be relevant to make the deal happen, which prevents both parties from going back and forth as normally happens with traditional banks.
The City of Davie is a great place for these types of loans because there’s a variety of investment options. It’s part of Broward County and has an average population of 106,306 residents.
Some of the local economy stats of Davie, Florida that you should know are the per capita income (PIC) which is $36,717 and 1.87% percentage of job growth.
Real Estate in Davie
Homes for sale in the real estate market have a median value of $346,361 and homes in the rental market average $2,068 per month. But when you’re on the hunt for a property, you can always find hot deals that a hard money lender can help you close quickly in a matter of days.
What Davie, Florida Is Known for
Davie is known for some parks and famous locations like:
- Young At Art Museum
- Tree Tops Park
- Flamingo Gardens
- The Old Davie School Historical Museum
- Long Key Natural Area & Nature Center
- Buehler Planetarium & Observatory
- Vista View Park
They are all good places you can enjoy visiting anytime you want.
You can find a reliable hard money lender in Davie, Florida to get funding for your property deal by checking our listing below.
