Real estate investors take note, A Cato Institute survey just ranked states in the order of how free they are. Specifically, the study examined how each state’s policies promote freedom in the personal, fiscal and regulatory spheres. The designation of “freest state in the nation” goes to Florida. Florida actually earned seven top ten rankings, four number one rankings and the overall number one ranking. So what’s so free about Florida?
Florida’s less restrictive policies have promoted economic growth. These policies have hundreds of people flocking to the state every single day looking for more opportunity. Taxes in Florida are incredibly reasonable and even property insurance is more affordable in Florida than around the country. This is one reason why property investors love owning homes in Florida. Actually, according to the study more than $156 billion in annual income has migrated into Florida from high tax states like New York.
When broken down into individual category, Florida did exceptionally well in the fiscal category which looked at thinks like taxes. The state’s state-level taxes are more than a standard deviation and a half below the United States’ average.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.