subject: Hard Money Lenders In Florida Smart Funding For Investments [print this page] The Sunshine State is among the states hardest hit by the housing bubble burst. While most people view this as terrible news, some investors in Florida are making the best out of the worst. They are buying investment properties now while prices are still deeply discounted. The question perhaps in peoples minds is Where do these investors get the money to buy properties at a time of hardship? Well, they use smart funding for their investments. They borrow funding from hard money lenders in Florida.
Florida real estate investors have come to accept the fact that banks simply wont finance investment properties today. Slowly, these investors are realizing that Florida hard money lenders are the solution to their financing problem. But why go to hard money lenders who are known to impose high interest rates and points on borrowers? At first it appears that it simply is due to desperation. A closer look at the mode of financing, however, reveals something more.
Florida hard money lenders, compared to other creditors, are sources of smart money. Unlike other sources of funding, these lenders care about the real estate deal you find. Thats because its their money thats on the line. They will make sure that youll be able to close the deal successfully so youll be able to repay the loan. Heres a secret: hard money lenders in Florida are also real estate investors, or were previously real estate investors.
Usually, a hard money lender starts as a real estate investor, builds a huge fortune, and then moves to the financing industry. Since they have seen the local real estate market go up and down over the years, they know a god deal when they see one. They serve as a seasoned guide, especially for neophyte real estate investors who are struggling to break into the market. For the newbie, these creditors are not only lenders, they are also mentors.
While local investors can secure financing from other sources, it is only through hard money lenders in Florida that they are able to get smart money. Its financing that is, contrary to what most people believe, is safer. These lenders know what they are doing and if you can tap into them, you can grow your real estate business significantly. In todays world where financing is like rain in the middle of famine, one should count on smart funding for real estate investments.
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