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The ability to get financing for investment properties with this much equity is available for everyone. Hard money can be found throughout the state as the largest growing investment tool in Florida. Lots of great deals + lots of financing available = 1 Great Market.
The standard hard money investment lender will lend enough money to purchase the house, pay for the repairs to be made, and give you 6 months worth of payments as long as you keep the loan to value (LTV) of the AFTER repair value (ARV) under 65-70%. That is not to say there are not some great deals in great areas at 80% but you will need different financing or more of a down payment.
A mortgage company that we can recommend with full confidence is E&C Nationwide Mortgage. They are true professionals and have many, many sources of financing available. You can check out their websites at www.ECMort.com and www.HardMoney247.com or you can call (954) 462-3005. Let them know that you are a member of the Florida Property Club.
Now go out there and take the investor market by storm with full confidence.
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