Highlands Ranch is an unincorporated town in Douglas County, Colorado. It has a population of just under 97,000 people and it is a Denver suburb that borders Chatfield State Park and is home to companies like UDR and Peterson’s. It has a lot of jobs in the business and management sectors. It is one of the most affluent areas around Denver and known for being a great place to raise a family.
According to Niche, Highlands Ranch is one of the best places to raise a family in Colorado. It’s also one of the best places to live in Colorado. It’s also a great place to work with tons of jobs. Highlands Ranch has terrific public schools and has a terrific health and fitness score. It’s a great place to indulge in outdoor activities, and since it is so close to Denver, it’s a great place to commute. Highlands Ranch is a place with lots of parks and a sparse suburban feel. It has a median home value of $493,600 and a median rent of $1976.
Right now, Highlands Ranch is a buyer’s market. There’s more supply of homes than there is demand, and homes are selling for slow and lower than listing price. In a market that favors buyers, there are lots of opportunities for a property to be rehabilitated and stand out above the crowd.
Hard money loans might be the best way to invest in real estate in Highlands Ranch. These loans are known for being used in real estate transactions where a buyer buys a home then flips it for a greater profit. Hard money loans are used in transactions like fix and flips, long-term rentals, and more. In seller’s markets, hard money loans give investors the advantage of a very fast speed of approval. But they have very different advantages in a buyer’s market like Highlands Ranch.
In Highlands Ranch, hard money loans give real estate investors the advantage of qualifying for a select group of cash only properties. In real estate, cash only means a property is in such poor condition it didn’t qualify for traditional financing from the bank. It also means a property can only be paid for in cash for that reason. Sometimes, real estate investors can make significant profit repairing cash only properties and selling them.
Hard money loans can qualify as cash in cash only transactions for a plethora of reasons. First, they were made for repairing homes in disrepair as part of their design. Also, hard money loans are an alternative to traditional financing, so they can qualify as cash for that reason as well. Sellers can take money from hard money loans they normally can’t take from traditional financing.
But it’s not all good when it comes to hard money loans — they’re famously known for being very expensive and unforgiving. Since hard money loans use the property as the asset rather than the credit score of the borrower, they’re known for having very high interest rates. With the average 30-year mortgage interest rate at a very high 5.6% right now, hard money loans make them look cheap with 8–15% interest rates. Not only that, but hard money loans have repayment periods of more or less a year, which means they need to be repaid much faster than traditional mortgage loans.
It’s imperative to only trust the best hard money lenders, which is why we at Hard Money Lenders IO have made a list of the best lenders in Highlands Ranch.
