Best Loans for Rehab Fix and Flip in Mississippi
Mississippi's real estate market has been growing steadily in recent years, making it an attractive investment destination for those looking to invest. The state's proximity to major metropolitan areas such as New Orleans, Memphis, and Birmingham makes it an ideal location for investors looking to take advantage of the growing US economy. The time is now for unlocking your real estate potential.
Mississippi Loan ApplicationInvestment Properties in Mississippi
There is no time like the present to start investing in real estate in Mississippi. There are many ways to build wealth, and whether you want to generate long-term income through rental properties or repair a distressed single-family home for profit, there are plenty of options for you.
Mississippi is home to many historical sites and museums. Popular tourist destinations in Mississippi include the Mississippi Museum of Art, the B.B. King Museum and Delta Interpretive Center, the Mississippi Civil Rights Museum, and the Museum of Mississippi History. Mississippi is also known for its food. The state is home to many restaurants that serve traditional Southern cuisine. Mississippi is also home to the world-famous Delta Blues Museum. The rich culture leads to a strong tourism business in certain areas focused on music and arts. This makes Mississippi a valuable state for traditional financing or hard money loans.
There are roughly 16,609 homes available in Mississippi and this year the median sale price was $119,000. In the rental space, there are great opportunities with more than 595 units available with an average rent of $971 per month.
These are the top-ranked places of employment in Mississippi: Sta-Home Health & Hospice is a leading provider of home health and hospice services in the state. They offer a wide range of services and are always looking for talented and compassionate employees. The Mississippi State government website employs over 15,000 individuals. Sanderson Farms is one of the largest poultry producers in the country and they have several locations in Mississippi. They offer competitive wages and benefits including stock options and are always looking for hardworking employees. Look for Sanderson Farms Locations including their home office in Laurel, MS to find opportunities for rental property investments or executive level housing.
The breakdown of state demographics is critical for understanding the workforce/potential buyers. 13.4% of the population is 25 to 34 years-old, 15% of the population is 35 to 44 years-old, and 33.3% is over 44 years-old.
Apply now to take advantage of the opportunities in Mississippi's real estate market.
Mississippi is home to many historical sites and museums. Popular tourist destinations in Mississippi include the Mississippi Museum of Art, the B.B. King Museum and Delta Interpretive Center, the Mississippi Civil Rights Museum, and the Museum of Mississippi History. Mississippi is also known for its food. The state is home to many restaurants that serve traditional Southern cuisine. Mississippi is also home to the world-famous Delta Blues Museum. The rich culture leads to a strong tourism business in certain areas focused on music and arts. This makes Mississippi a valuable state for traditional financing or hard money loans.
There are roughly 16,609 homes available in Mississippi and this year the median sale price was $119,000. In the rental space, there are great opportunities with more than 595 units available with an average rent of $971 per month.
These are the top-ranked places of employment in Mississippi: Sta-Home Health & Hospice is a leading provider of home health and hospice services in the state. They offer a wide range of services and are always looking for talented and compassionate employees. The Mississippi State government website employs over 15,000 individuals. Sanderson Farms is one of the largest poultry producers in the country and they have several locations in Mississippi. They offer competitive wages and benefits including stock options and are always looking for hardworking employees. Look for Sanderson Farms Locations including their home office in Laurel, MS to find opportunities for rental property investments or executive level housing.
The breakdown of state demographics is critical for understanding the workforce/potential buyers. 13.4% of the population is 25 to 34 years-old, 15% of the population is 35 to 44 years-old, and 33.3% is over 44 years-old.
Apply now to take advantage of the opportunities in Mississippi's real estate market.
Mississippi
Loan Summary Information for Mississippi
Getting the right funding in Mississippi can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Mississippi. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Mississippi. Read on to learn more about our current offerings in Mississippi.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only