Strengthen your Investment Strategy in New Mexico
From the stunning deserts to the majestic mountains, New Mexico is a beautiful state with plenty to offer residents and visitors alike, making real estate in the Land of Enchantment a solid investment. Prices are relatively affordable, so it can be a great place for fix and flips or purchasing rental properties. And with the state's growing population, there is always demand for new construction.
New Mexico Loan ApplicationInvestment Properties in New Mexico
The housing market in New Mexico is strong and growing. The average home sells for $518,000 and the average rental price is $1,095 per month. Plus there are 6,740 vacant lots for sale if you want to build a home or rental property.
New Mexico is a state with a diverse economy and a variety of top employers. The Land of Enchantment's strongest industries includes agriculture, tourism, oil and gas, and government. New Mexico's largest employers include the State of New Mexico, the University of New Mexico, Walmart, Intel, and USAA. With Oil and Gas and the government as key employment stakeholders in the state, you will find employees who stay for the long term. These industries drive relatively high salaries, stability, and pensions leading to low employee turnover. Find areas with large employment numbers and you may find golden real estate investment opportunities Finding houses for sale, fix and flip loans, hard money loans, and more will be more attractive in these high employment areas due to long-term family housing needs.
Among those who call New Mexico home, 12.9% of residents are between the ages of 25 and 34, 15.5% are between 35 and 44 and 33.9% are over 44 years old.
One of the primary reasons to visit New Mexico is its natural beauty. The state has a diverse landscape, including mountains, forests, canyons, and deserts. There are also numerous opportunities to enjoy outdoor activities such as hiking, camping, fishing, and birdwatching. In addition to its scenic attractions, New Mexico is also home to a number of historical and cultural sites. These include the Pueblo dwellings at Bandelier National Monument, the Petroglyph National Monument, and the Georgia O’Keeffe Museum. Visitors can also learn about the state’s Native American heritage at the Indian Pueblo Cultural Center. Because of the location and thousands of miles of open land, you may have to look deep for real estate investment opportunities. However, the local attractions do drive a diverse need for rental properties, tourism real estate, and more.
Now is a great time to buy in New Mexico. Contact LSM to get started and learn more about the right loan product for you.
New Mexico is a state with a diverse economy and a variety of top employers. The Land of Enchantment's strongest industries includes agriculture, tourism, oil and gas, and government. New Mexico's largest employers include the State of New Mexico, the University of New Mexico, Walmart, Intel, and USAA. With Oil and Gas and the government as key employment stakeholders in the state, you will find employees who stay for the long term. These industries drive relatively high salaries, stability, and pensions leading to low employee turnover. Find areas with large employment numbers and you may find golden real estate investment opportunities Finding houses for sale, fix and flip loans, hard money loans, and more will be more attractive in these high employment areas due to long-term family housing needs.
Among those who call New Mexico home, 12.9% of residents are between the ages of 25 and 34, 15.5% are between 35 and 44 and 33.9% are over 44 years old.
One of the primary reasons to visit New Mexico is its natural beauty. The state has a diverse landscape, including mountains, forests, canyons, and deserts. There are also numerous opportunities to enjoy outdoor activities such as hiking, camping, fishing, and birdwatching. In addition to its scenic attractions, New Mexico is also home to a number of historical and cultural sites. These include the Pueblo dwellings at Bandelier National Monument, the Petroglyph National Monument, and the Georgia O’Keeffe Museum. Visitors can also learn about the state’s Native American heritage at the Indian Pueblo Cultural Center. Because of the location and thousands of miles of open land, you may have to look deep for real estate investment opportunities. However, the local attractions do drive a diverse need for rental properties, tourism real estate, and more.
Now is a great time to buy in New Mexico. Contact LSM to get started and learn more about the right loan product for you.
New Mexico
Loan Summary Information for New Mexico
Getting the right funding in New Mexico can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in New Mexico. 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 New Mexico. Read on to learn more about our current offerings in New Mexico.
| 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