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FLORIDA INVESTMENT PROPERTY HOME LOANS- If there is a silver lining to the current Florida housing market downturn it is certainly for investors. Falling Florida home prices and lowest Florida mortgage rates in history make it an excellent time to consider investing in Florida real estate. The best deals including foreclosures and short sale properties go quickly so it is crucial to be pre-approved and to have an experienced Florida mortgage professional like us on your team.
WHAT IS CONSIDERED A FLORIDA INVESTMENT PROPERTY? There are a variety of residential properties that would need to be financed with an investment property loan. Some of these include:
• LONG TERM FLORIDA RENTAL INVESTMENT HOME LOANS - Have you considered being a landlord? With many people exiting the housing market due to foreclosure or market uneasiness there are more and more people looking to rent a home. You can also consider looking for an investment property near a college or university where there will be students looking for housing.
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• SHORT TERM VACATION FLORIDA RENTAL PROPERTIES- Buy that dream retirement home now and get to enjoy it on vacations while it generates income the rest of the year! (Check with your tax professional about limitations on your own use of investment homes.
• A SECOND FLORIDA HOME LOAN- If you already own a Florida home (and do not intend to sell it or rent it) and purchase another Florida home you will need to obtain a second home mortgage or an investment Florida home loan. In general unless you are near a resort or vacation community if your additional property is near your primary residence it must be financed by an investment Florida mortgage.
Feel Free to Apply Now for a Florida investor loan or use our Quick Application to receive a no obligation consultation on your next Florida mortgage.
INVESTOR FRIENDLY FLORIDA MORTAGE LENDER-Many of our best and most loyal Florida Mortgage customers are real estate investors who have managed great returns in up or down markets because they know human nature and they know where to find the best non-owner occupied mortgage rates for their investment loan properties.
We can't tell you whether it's time to be scared or greedy in the Florida real estate market, but we can provide you with the lowest rates and best loan terms for your long-term purchase of rental investment properties or for your short-term purchase of investment properties to fix and flip.
Whether you are a part time real estate investor buying a second home to diversify your real estate portfolio or an active full-time real estate investor buying Foreclosures, chances are we can help you secure the best financing for Florida investment properties. From low rate fixed mortgages to flexible Florida condo loans to hard money loans. Call 1-954-667-9110 right now to speak with Florida mortgage professionals about your next Florida investor mortgage or Refinance.
INVESTMENT FLORIDA MORTGAGE LOANS FROM A FLORIDA LENDER THAN CAN CLOSE QUICKLY- We can close quickly on your investment property loansin any city in Florida. From financing a B/C credit tenant for a rent to own in Hillsborough County to offering excellent financing on a rehabbed home that you have listed in MLS in Broward County, we can help you get the investment property loan you need in any of the cities we serve throughout Florida.
When you're buying investment property, we'll be glad to spell out your loan options and ensure that once your offer is accepted everything closes exactly as planned. No surprises and no excuses. That allows you to do what you do best: locate profitable Florida real estate investments that meet your property loan goals.
When you have a tenant or another investor who wishes to purchase one of your Florida investment properties, we can work with you to create creative financing options to create a win/win deal. Call an expert investor loan specialist at 1-954-667-9110 or apply securely online using our quick application for dependable help from a company that is known for closing Florida investment property loans quickly.
INVESTMENT LOANS FOR FLORIDA FOR CONDOS AND TOWNHOMES-Some Florida lenders and other banks are reluctant to finance Florida condominiums or townhouses in newer developments when the units require a investment loan. We can create options for you to purchase these Florida investment property units even using less than full Documented loan options such as our no income investor loans and NINA investor loans. Call 1-954-667-9110 for a no-obligation, no-cost Florida investor mortgage quote today! We love a challenge and especially love to close the investor loans that other Florida Mortgage Lenders believe can't be done.
INVESTOR LOANS FOR FLORIDA MODULAR HOMES- Many other mortgage lenders do not know the lenders and best programs for financing modular homes when they are non-owner occupied, so they refer clients to us. We have been closing modular home investment property loans for investors for over a decade.
In many instances, the rental numbers won't cash flow with a traditional site built home, but work easily with a lower cost modular home. We can help you with the right investor Mortgages for your modular homes across the Sunshine State. Never heard of a modular home? As a real estate investor, you certainly want to call us today at 1-954-667-9110 or use our quick application to find out more.
Even when it comes time to qualify a tenant with less than perfect credit to purchase a modular home that he or she has been renting from you, we can make the process smooth and simple. Call 1-954-667-9110 or use our quick application form to find out about our investor financing for Florida modular homes.
FLORIDA INVESTMENT HOME OR FLORIDA VACATION HOME? If you are considering buying a Florida home an investment that you will rent to vacationers, do your homework before you make the purchase. Write down the income you expect to earn and make a list of the expenses you’ll have. Here are some typical investment home expenses:
FLORIDA INVESTMENT LOANS AND MAINTENANCE COST-These are higher for vacation rental properties because you have many people coming through the house. The same ocean breezes that draw people to the beach will tear the screen door off its hinges and slam it into the outdoor light fixture. Sand and salt will eat away the exterior of your beach Florida investment home.
MARKETING COST FOR FLORIDA INVESTMENT HOMES- Who’s going to market your investment home? If you use a management company, most likely they will charge 20 to 50 percent of the rental income. Ask what the fees includes and where the firm advertises. If they have a rental magazine, how many investment properties are in it, how often your property would be in it, and how many people are on their mailing list? You can also develop your own Web site using readily available software and you can ask to list your investment home on other vacation finder Web sites.
FLOOD INSURANCE FOR FLORIDA INVESTMENT HOMES-costs vary depending on your investment home’s height above sea level, its location and its age. Expect to spend thousands for flood insurance for your beach or riverfront investment home. Since hurricanes Katrina and Rita, it has become more expensive and difficult to obtain flood insurance. Even so, the insurance covers just your investment home, not the sand under it. A big storm can wash away so much sand that the lot becomes "unbuildable," which may cause your investment house to lose value. Federal flood insurance caps out at $250,000. In some coastal areas, you must buy private flood insurance. Also, flood insurance policies don’t cover damage due to wind and rain.
HURRICANE/WIND INSURANCE-This is a separate insurance policy that you may have to purchase from a state insurance pool. In certain hurricane-prone areas, this type of insurance may be hard to get.
Fixed expenses
IN SUMMARY- Whether or not your Florida Investment home rents, you’ll have to pay the mortgage, plus the bills for cable TV, heat and cooling, trash, water and phone. To estimate your rental income, take a look at advertisements for similar investment properties, then check to see what the vacancy rate is in the area. A local real estate firm specializing in rentals can give you a good estimate of how much you should charge. If the investment property has always been a rental, ask the seller to disclose the Rents and Royalties schedule from his last few years’ tax returns. Your lender will typically count 75 percent of the estimated rental income, not 100 percent.
CLICK START NOW TO GET PRE APPROVED TODAY!
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