Ohio's Rehab, New and Rental Property Premier Lender
The Buckeye State is home to a variety of attractions, job opportunities, and fun activities, making it an ideal place to invest in property. Whether you're looking for a fixer-upper to flip or a rental property to generate income, Ohio is a great place to invest in real estate. So what are you waiting for? The time to invest is now!
Ohio Loan ApplicationInvestment Properties in Ohio
With the market slowing down, now's a great time to consider investing in real estate in Ohio. There are plenty of opportunities in new construction, rehabbing homes for resale (fix and flips), and rentals.
No matter your interests, there is plenty to do in Ohio. For history buffs, the Wright-Patterson Air Force Museum is a must-see. The museum houses over 300 aircraft and spacecraft, making it one of the largest collections in the world. If you're looking for some outdoor fun, head to Hocking Hills State Park, home to beautiful waterfalls, hiking trails, and caves. Hocking Hills is also a great place for fishing, canoeing, and horseback riding. And art lovers will enjoy a visit to the Columbus Museum of Art. This museum houses a collection of over 30,000 works of art, ranging from ancient Egyptian artifacts to contemporary paintings. The museum also offers a variety of educational programs and workshops. Between the land, museums, history, and hiking, there is something for everyone in Ohio!
There are roughly 38,758 homes available in Ohio. With a median price this year of $236,900, there is still room for profit even with higher interest rates. In the rental space, there are great opportunities with more than 4,652 units available at an average rent of $1,046 per month. If new construction is your preference, there are 7,288 vacant lots that are listed for building as well.
Ohio is home to several major industries, including agriculture, manufacturing, and mining. The Buckeye State is also a major center for education and research, acting as home to several top-ranked colleges and universities. Major employers include Cargill, John Deere, General Motors, Honda, Case Western Reserve University, and the Cleveland Clinic. Ohio holds several large cities, such as Columbus, Cincinnati, and Clevland which are home to these large employers and universities. While these are the most notable areas for corporate expansion, several smaller, if not underrated cities, including Toledo, Akron, Dayton, and Canton have strong corporate and employee bases. Take a look at all of these areas when developing your Ohio Real Estate Investment Strategy.
The breakdown of state demographics is helpful for understanding the number of potential buyers. 13.4% of the population is 25 to 34 years-old, 15.9% of the population is 35 to 44 years-old, and 36.1% is over 44 years-old.
Apply now to invest in yourself with Ohio's real estate market.
No matter your interests, there is plenty to do in Ohio. For history buffs, the Wright-Patterson Air Force Museum is a must-see. The museum houses over 300 aircraft and spacecraft, making it one of the largest collections in the world. If you're looking for some outdoor fun, head to Hocking Hills State Park, home to beautiful waterfalls, hiking trails, and caves. Hocking Hills is also a great place for fishing, canoeing, and horseback riding. And art lovers will enjoy a visit to the Columbus Museum of Art. This museum houses a collection of over 30,000 works of art, ranging from ancient Egyptian artifacts to contemporary paintings. The museum also offers a variety of educational programs and workshops. Between the land, museums, history, and hiking, there is something for everyone in Ohio!
There are roughly 38,758 homes available in Ohio. With a median price this year of $236,900, there is still room for profit even with higher interest rates. In the rental space, there are great opportunities with more than 4,652 units available at an average rent of $1,046 per month. If new construction is your preference, there are 7,288 vacant lots that are listed for building as well.
Ohio is home to several major industries, including agriculture, manufacturing, and mining. The Buckeye State is also a major center for education and research, acting as home to several top-ranked colleges and universities. Major employers include Cargill, John Deere, General Motors, Honda, Case Western Reserve University, and the Cleveland Clinic. Ohio holds several large cities, such as Columbus, Cincinnati, and Clevland which are home to these large employers and universities. While these are the most notable areas for corporate expansion, several smaller, if not underrated cities, including Toledo, Akron, Dayton, and Canton have strong corporate and employee bases. Take a look at all of these areas when developing your Ohio Real Estate Investment Strategy.
The breakdown of state demographics is helpful for understanding the number of potential buyers. 13.4% of the population is 25 to 34 years-old, 15.9% of the population is 35 to 44 years-old, and 36.1% is over 44 years-old.
Apply now to invest in yourself with Ohio's real estate market.
✓ Just a few of the locations we service - Canton, Youngstown, Cleveland, Toledo, Akron, Cincinnati, Dayton, Lorain, Columbus
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Loan Summary Information for Ohio
Getting the right funding in Ohio can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Ohio. 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 Ohio. Read on to learn more about our current offerings in Ohio.
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