There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it’s no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville.
Here’s what these secondary markets desperately need:
- Residential condo units. (Last year, Nashville gained a mere 71 units.)
- Midrise condos in the heart of downtown. (The big investors aren’t interested in small investments like this, leaving the market wide open to investors like you.)
- Office space for small family-owned businesses.
- Office condos for people with small office space needs.
So, why are these secondary markets going to be so lucrative for smaller investors? Simply because the downtown is growing and these niche markets are too small for the large investors. Yet, we can look at the moves of the larger real estate investment firms to know that the Nashville area itself is a goldmine for real estate investing. The big guys can’t be bothered with the smaller opportunities in Nashville, but these smaller opportunities can mean huge returns for an individual real estate investors.
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.