Orlando Hard Money Lenders

Orlando Fix And Flips Jump In Popularity

Hard money lenders in Orlando have witnessed the city’s dramatic transformation as new residents from New York and California drive market growth, creating prime opportunities for real estate investors. The increase in demand combined with record low inventory has made Orlando a hot seller’s market that benefits investors looking to fix and flip houses. Homes are currently spending an average of 28 days on the market, which is a 38% decrease from the previous year and gives valuable insight into how quickly property is selling in this market.

The market data that Orlando hard money lenders analyze shows the average home sale price in the city reached $280,000 as of January 2021, marking a nearly 8% increase from the previous year. Approximately 1,035 homes sold in the last month, representing a nearly 9% increase from the previous year and highlighting stable, consistent growth rather than rapid, unpredictable expansion. With rising average sale prices and steadily increasing home sales, experienced hard money lenders in Orlando see continued potential for fix and flip real estate investments. If you’re ready to finance your Orlando fix and flip loan, contact our team today.

Orlando New Construction Filling Inventory Gaps

The record-low housing inventory in Orlando and the rest of Florida has led to many experienced contractors and builders taking advantage of the market. As of January 2021, homes are currently selling for approximately $164 per square foot, which represents a 7% increase from last year and can lead to a high ROI for builders that can source their materials directly to reduce costs. Single-family homes and condominiums are being built at a rapid pace to keep up with new demand and are usually selling before construction is even complete – many of these homes are selling based on blueprints and location alone!

It’s always important to understand the needs and demands of the market you’re building in, and right now, the city is seeing specific trends from home buyers. The most popular home listings online include features such as two bathrooms, two stories, and storage areas. Data like this help builders get a sense of what home buyers in the area are looking for so they can design their home to meet the market’s needs. If you’re an experienced investor and ready to be approved for our hard money new construction loan in Orlando, contact us today.

Orlando Rental Market Remains Healthy

With so many new people moving to the city from outside the state. Many of these new residents are looking to rent property rather than own so they can see how much they like the area or wait for permanent residences to become available. Investors can take advantage of this increased rental demand by figuring out which neighborhoods people want to live in and creating a nice living-space that could attract a premium monthly rent price.

One of the major trends occurring in real estate investing is the BRRRR method, which is an acronym that stands for buy, renovate, rent, refinance, and repeat. The plan is in the name, where an investor will purchase rental property and renovate it to increase its market value before renting it out at a higher rate. Once the monthly income starts to generate, the investor then refinances the loan and uses the newly acquired capital to repeat the process by purchasing their next rental property and going through the steps again. This BRRRR strategy helps generate passive income and create long-term wealth and is an excellent investment strategy for areas with low vacancy rates and high population migration. If you’re looking to expand your rental portfolio with our Orlando rental loans, contact our hard money lenders today.