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.
What matters the most is that your investment proposal is beneficial for you and the hard money lender you choose to work with. For example, a good proposal for real estate investment would be the purchase of a property at an under-market value, in a certain neighborhood which after some renovations will increase its value.
But if you’d like to get a second opinion before you make any investment decision, hard money lenders will always be open to give you a hand with it and share their thoughts about the deal you’d like to close.
Some key facts about Poinciana to consider when looking for a property
Poinciana is part of Osceola County and has a population of 67,169, the recent job growth was 3.88% where the median property value is $164,500. Also, if you look into the rental market, the average rent 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 a per capita income 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, renovate a commercial property, or refinance an existing one, with a private money lender in Poinciana you can do it and invest with minimal paperwork.