Investing in the real estate market has a lot of benefits, whether you choose to invest in a commercial or residential property, there will always be a good deal waiting for you. And if you’re not financially prepared for that opportunity, a hard money lender can give you a hand.
With a hard money loan, you can make your most ambitious investment goals happen because you can have interest rates, payment agreements, and general terms that you’re comfortable working with. All of this without needing to wait a long time for approval or submitting too much personal documentation.
A really good deal proposal is what you need in order to get funding from a hard money lender. In most cases, you don’t even have to give a high amount as a down payment. However, this will depend on the risk of the investment the lender faces, but usually, you can expect to pay from 10% to 50% upfront.
Daytona Beach is a place where you can access a hard money loan easily. It’s known for being the Festival Capital of Florida, it’s located in Volusia County and has a population of 69,186 residents.
Education stats in this city show that 88.2% of people have a high school diploma or higher and 23.1% have a bachelor’s degree or higher.
Famous Places in Daytona Beach
Some of the most visited places in Daytona Beach include:
- Museum of Arts & Sciences
- The Abbey
- Daytona International Speedway
- Jackie Robinson Ballpark
- Riverfront Shops of Daytona Beach
- Southeast Museum of Photography
- Cici and Hyatt Brown Museum of Art
- Bulow Creek State Park
- Ponce Inlet Lighthouse and Museum
- Daytona Beach Pier
Daytona Speedweeks, BikeWeek, Halifax Art Festival, and Daytona Turkey Run are famous local festivals that are held annually in the city.
If you’re into the real estate market, you’ll find that the median home value is $178,255 and the average market rent is $1,229 per month. Per capita income is $24,360 and job growth 2.01%.
In the list below you’ll find a variety of private money lenders in Daytona Beach to get in touch with that can offer you different solutions for your real estate investment plans.