Generally hard money lenders issue short-term real estate loans which are used to purchase and renovate investment properties. Hard money loans are good for both short term fix & flip investors (buying, fixing and selling a house) as well as long term buy and hold property investors. Foreign real estate property investors search for private money lenders as well as hard money lenders to back their investments. While the interest on bank savings is nominal, a private money loan benefits the lender with a return that is substantially above that offered by commercial banks. The borrower benefits by the relatively easy qualifying terms and receives short term funds. Here are key reasons for why you should use real estate money lenders for property investment:
· FREE CONSULTANCY / RESEARCH – Private money lenders can provide free consultancy and also do research for property investors. This can be very handy especially for a foreign investor to save their time and get higher returns on their investments abroad.
· WHY INVEST YOUR OWN MONEY – Investing in real estate properties is not always guaranteed to succeed and losing your own money in such scenario can be financially devastating. In comparison, getting loan and paying mortgage is far safer especially when you consider potential profitable returns from selling the property later or getting rental income from tenants in case the property is used for rental business and thus the tenants would be paying your mortgage for you and later you can get profit from the rental income yourself once the mortgage has been completed..
· HELPFUL LOAN PROGRAMS – Money lenders generally provide time and goal oriented loan programs. Our loan programs are created to make your investment faster, easier as well as profitable. Hassle free quick loan process with features which are budget friendly.
Our agents can help you get a loan in a hassle free quick process without credit score requirement and can also help you finalise the deal when you buy a real estate property in Florida, contact us for more information and free consultancy.