Fix and Flip Loans in Orlando
A fix and flip is a great investment opportunity for anyone looking to enter the real estate market, and Orlando is a great place to jumpstart your investment. The city is full of potential properties which, with the right investment, can be turned into beautiful homes.
Most importantly, financing is also a critical component of any home flipping, and you need to have the right loan in place to make your investment a success.
To maximize your chances of success, you’ll need to choose the right financing provider. That’s where CapSource can help. We’re a leading provider of fix-and-flip loans in Orlando, and we can help you get the financing you need to start and grow your house-flipping business.
With our competitive rates and flexible terms, we can help you reach your investment goals. So if you’re looking for a fix and flip loan in Orlando, Contact CapSource today.
The State of Real Estate Market in Orlando
Orlando is a great place to invest in real estate. The market here is strong, and there are plenty of opportunities for those looking to flip houses.
If you’re considering a fix and flip in Orlando, it’s essential to understand the current state of the market. Based on a report from the Orlando Regional Realtor Association (ORRA), the state of the city’s housing market, as of September 2022, looks like this:
- September’s interest rate reached 6.3%. This is a 19.5% increase from August’s 5.3% interest rate.
- The overall sales in September had a total of 2,717 sales. August’s sales had a total of 3,324 sales, which means that September’s sales decreased by 18.3%.
- This year’s overall sales declined to 28.3% compared to September of last year.
- In September 2022, the median home price was documented at $365,000, while August’s median home price was $377,750. This means there was a 3.4% decline in the median home price, making it the third consecutive month that the median home price dropped.
- September’s housing inventory increased from 6,762 to 6,884. That’s a 1.8% increase from last month, making it the fifth straight month of inventory growth.
- In September, houses spent 31 days on average on the real estate market. That’s a 14.8% jump from August’s average of 27 days.
- There were 3,318 new homes listed on the market in September. This means new listings dropped by 27.1% compared to August.
- Homeowners sold 12 distressed homes from bank-owned properties and short sales in September. That’s 0.4% of all home sales that month. Only six distressed homes were sold in August, meaning there was a 100% increase in the number of distressed homes sold.
What all of this data means is that the Orlando real estate market is still strong despite slowing down. With the 100% increase in distressed home sales, there are still plenty of opportunities for investing in fix-and-flip homes.
What’s the Forecast for Orlando’s Real Estate Market?
With the ongoing trends of an increase in distressed home sales and inventory growth, as well as the overall strength of the market, experts are predicting that the Orlando real estate market will continue to be strong in the coming months.
Home prices are expected to increase in the coming months. The current average home price of $387,298 will continue to rise in the fourth quarter of 2022. The rise in prices is driven by the increase in demand from potential buyers and the limited number of homes available for sale.
Potential buyers tend to wait for prices to decline before purchasing a home, but this decline is not expected to happen in Orlando anytime soon.
As mortgage and interest rates are predicted to rise even more in the coming months, so will the prices of homes in the market. That means the best time to purchase a home in Orlando is now while they’re still affordable.
Now is an excellent time to invest in the Orlando real estate market.
Why Should You Consider Investing in Orlando’s Real Estate Market?
The Orlando real estate market is strong and offers plenty of opportunities for those looking to invest. Even with some of the recent changes and slowing down of the market, it is still predicted to be a seller’s market with rising home prices.
There are many reasons to consider investing in Orlando’s real estate market, including:
Booming Population Growth
Orlando is one of the fastest-growing cities in the country, with a population that has been steadily increasing over the past few years.
The city’s population is expected to grow in the coming years as more people move to the area for its growing job opportunities, warm weather, and abundant attractions.
This population growth will result in an increased demand for housing, which is good news for investors as it will drive up prices and rental rates.
Rising Job Opportunities
Orlando also sees a rise in job opportunities. The city’s economy is diversified and includes tourism, healthcare, education, and technology industries.
This diversity provides stability and insulates the city from economic downturns. As more people move to the area for work, there will be an increased demand for housing, which is good news for investors.
Strong Rental Market
Orlando’s strong rental market is another reason to consider investing in the city’s real estate market. The city has a large population of renters, many of whom are young professionals and families who cannot afford a home. This demand results in high rents and low vacancy rates, which are both favorable for investors.
Lighter Tax Laws
Orlando also has lighter tax laws than many other parts of the country, making it a more attractive place to invest. The state of Florida has no personal income tax, which means that investors can keep more of their money. This makes businesses of all sizes, including real estate investors, more likely to succeed in the state.
A Growing Tourism Center
Orlando is well-known as a tourist destination, and the city’s tourism industry is booming. The city is home to attractions such as Walt Disney World, Universal Studios, and SeaWorld. This demand for tourism results in a strong hotel market and increased rental rates for vacation homes.
These are some reasons to consider investing in Orlando’s real estate market. Investors looking to flip houses will still find plenty of opportunities in Orlando.
The market here is strong, and there are still plenty of distressed homes to be flipped and fixed. If you’re considering investing in the Orlando real estate market, contact CapSource Funding today.
Choose CapSource for a Fast and Secure House Loan Solution
CapSource is the best choice for securing a house loan in Orlando. We have a wide range of loan products to suit your needs and are dedicated to finding the best solution for you. We offer:
- Fix to Rent Loans
- Fix and Flip Loans
- Refinance or Cash Out Loans
- Construction Loans
- Long-Term Loans
Here at CapSource, we can provide our customers with fast and secure loans at competitive rates. We can also fund loans quickly so that you can start your investment as soon as possible.
Why Should You Choose CapSource for Your Orlando Fix & Flip Loans?
Now is a great time to invest in the Orlando real estate market. With prices expected to rise, flipping houses will continue to be profitable.
If you’re thinking about flipping houses in Orlando, CapSource can help you secure the financing you need to get started. We offer fix-and-flip loans with competitive rates and flexible terms, and our streamlined process makes it easy to apply for and receive funding.
We can also fund your loan quickly, so you can start your investment immediately. We also do not charge any prepayment penalties, so you can pay off your loan as soon as your property is sold.
We Offer the Most Competitive Fix and Flip Loans in Orlando
House flipping takes work, but if you’re up for the challenge, a fix-and-flip loan from CapSource can help you succeed.
CapSource is a leading provider of fix and flip loans in Orlando. We understand the challenges of flipping houses, so we will help you find the best loan product to suit your needs, and we are dedicated to getting you the best terms possible.
Contact us today to learn more about our products and how we can help you achieve your investment goals.