Cape Coral Ft. Meyers area is one of the most active short sale and foreclosure markets in the USA right now. Placing just behind LA and Arizona markets.
There are a ton of investors buying nice rental homes with cash and then using a hard money loan to pull cash out and make another all cash purchase. You can do this over and over again as long as you can keep finding tenants to fill the homes and cover the payments, taxes and insurance premiums.
We recently closed a cash-out loan on a free and clear rental property in Cape Coral for just over $200,000 that was purchased for $295,000 recently.
We’ll work with both investors and homeowners to help you get your real estate transaction funded quickly, if you are looking to purchase a house using your money for a down payment and a private mortgage to cover the rest make sure to contact us or call 813-874-5800. We can usually let you know, the same day over the phone, if we can get your deal funded and closed within a week or two.