Mortgages are available for the purchase of property, either as an investment or as your primary residence in the country.
The South Florida property market is currently offering the unique opportunity to withdraw money from your property through refinancing which makes funds available to invest in another investment property from the proceeds of the refinancing transaction.
With interest rates at their lowest level in many years relative to the percentage yield from rentals, it makes sense to consider the financial opportunities that it opens up for astute investors.
Furthermore, surprising as it may sound, it is easier for a foreigner to obtain financing for the purchase of investment properties than residents.
Both banks and private investors are offering excellent interest rates to qualified buyers. The market has expanded, with a lot of money becoming available for property investment.
Often, it is necessary to obtain finance quickly for a variety of reasons. We are in contact with private investors who are prepared to provide funding more quickly than traditional banks, with fewer requirements. Though these types of loans carry a slightly higher interest rate, if the return you can achieve from purchasing an additional rental property exceeds the cost of funding the purchase, then it’s a win for you.
This is especially true for commercial loans where the banks will normally take 6-8 months to approve a loan to a foreigner. This is far too long for a seller to wait for their money when it is possible to find a local purchaser who can find a loan much more quickly.
To allow you to compete effectively in the market, your ability to secure finance quickly through private lending will allow you to purchase properties that would otherwise not be available to you.
Moses Nea, CEO of TaxLeaf, Contador Miami, and the founder of Contador America is passionate about helping foreign investors and entrepreneurs find loans and financing for their business, investments, and personal requirements.
As there are many complexities when purchasing an investment property, it is imperative that you have a professional company helping and guiding you each step of the way.
Here’s what one of our successful business owners has to say about the service and support they receive from being partnered with Taxleaf:
Cesar Buenavista, Doral, Fl
“I am an Account Manager with TaxLeaf and have been working with clients for more than 6 years. The technology they provide is incredible. I have access to everything from my phone if I need it. They are very professional and provide excellent support for me and my employees.”
To help you learn more about how Taxleaf can assist you with raising mortgages and other forms of business finance, stop what you’re doing right now and call us now to secure a FREE 30-Minute Consultation with one of our business experts, where we can explain how you can secure the right insurance policy in the USA.