If you want to invest in a property and you’re looking for a traditional bank loan, the first thing you want to know is that you’ll require a good credit score besides a lot of paperwork that can take a long time. So, if you don’t have those requirements in place, one of the best alternatives you have is a hard money loan.
This is the go-to option for many real estate investors who want to close deals fast with payment opportunities that fit their current situations. Hard money lenders use the properties as collateral instead of making judgments based on your credit score.
Some key facts about Poinciana to consider when looking for a property are:
Poinciana has a population of 67,169 and recent job growth of 3.88% where the median property value is $164,500 and the homeownership rate is 69.5%. Also, if you want to rent, the average per month is $1,563
Old Town Park and The Nature Conservancy’s Disney Wilderness Preserve are some of the most visited places here.
In Poinciana, you’ll find a homeownership rate of 69.5% and an income per capita of $18,587.
In terms of education, residents who have a High School diploma or higher occupy 83.1%, and the ones who have a Bachelor’s Degree or higher occupy 18.7%.
Whether your goal is to fix and flip, buy a new home, run a business, or refinance an existing property with a private money lender in Poinciana, you can invest with minimal paperwork.
