Real estate investors, especially those with an artistic eye, should consider investing in Greenville, South Carolina. Greenville has about 68,000 people living in it and it was once an old mill town. Now? It’s a vibrant city of the arts. It’s attracting other artists, young professionals and young millennial families.
The prices on homes is growing at a strong pace and the economy is up. It was once associated with textiles and manufacturing plants, but about a decade ago, the town changed its scene. A three-day festival known as Artisphere created an artsy hook. That spark grew into a marketing campaign in 2012 in which the City of Greenville started to focus on the art scene that was naturally developing in the area. We’re not talking about starving artists either. Established, accomplished artists started calling Greenville home.
Keep in mind, even though there are plenty of fixer-upper homes to flip, you may be looking at a price tag of around $300K for that fixer-upper right now. Of course, artistic house flippers have been more doubling their purchase price while selling homes they’re flipping. It seems that homes with unique qualities that appeal to this unique demographic will perform best during a house flip, but sometimes, just fixing it up is enough.
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.