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Displaying items by tag: alabama airbnb loans
New Alabama investment property loans for vacation rental homes are ready for the new growing short term rental market. Short-term rental mortgages for those needing Alabama Vrbo loans & Alabama Airbnb loans. Alabama offers a lot more for real estate investors than most realize. With new investment property loans offering great liquidity for single and multifamily investors AL real estate returns might surprise many.
All About Alabama
In many ways Alabama has been one of the most repressed states for many decades. However, the new economy could be about to unlock AL real estate potential and change all that.
While still underestimated, Alabama is a state in motion, and there’s a lot more going on than football. Major investment has helped pivot the state from relying heavily on agriculture and private farming to aerospace, health care, finance, and information. As of 2014 the Bureau of Labor Statistics revealed this had resulted in the state beating the national unemployment average, with one of the lowest rates in the nation.
These shake ups have also apparently caused some significant population shift since the 2010 census. Today’s top cities include Birmingham, Hunstville, and Montgomery. While many states have lost a substantial portion of their populations in the wake of the crises, Alabama has seen its population steadily rising from 1800 through 2022.
Alabama also has a very strong tourism economy. An estimated 20 million international tourists visit the state each year, creating great opportunities for investors, and among vacation home sales and rentals.
One of the major factors which has been blamed for holding the state back has been high taxation, and in particular very high taxation on lower income individuals and families. However, in a unique twist, the state is regarded as having the second lowest corporate tax burden in the US, and AL property taxes are the lowest in the country.
AL Real Estate Data & Trends
Having low corporate and property taxes make Alabama an incredibly attractive state for out of area and foreign national real estate investors.
According to the Alabama Center for Real Estate at the University of Alabama as of Nov. 2022:
- Median home prices stood at $128,865
- Inventory fell to 32,846 units
- Months of supply also fell to 11 months
- Days on market averaged 139 days
- It officially remained a ‘Buyers Market’
- Some areas have seen sales rising by as much as 11%
Compare more statistics via the Alabama Residential Data Center
In summary; Alabama offers some of the most underestimated, and undervalued marketplaces with the least competition, while affording income property investors from all over the globe some very irresistible acquisition opportunities.
AL Investment Property Mortgage Loans
2021 really marked the turning point for AL mortgage financing for property investors. A variety of new loan programs and expanded features have made financing AL income properties far easier, more affordable, and more profitable.
Among the latest AL loan product features to look for include:
- Investment property loans for foreign nationals
- Non-recourse loans
- LTVs up to 75%
- DSCR of as low as 1 to 1.2
- Unlimited cash out refinancing
- Streamlined multifamily lending
- Blanket mortgage loans for portfolios of single family rentals
Click to see today’s AL investment mortgage loan rates now
AL Real Estate Resources
Landlord & Real Estate Law in Alabama:
Investment Real Estate for sale by the State of Alabama:
Contact us today to help finance your Alabama investment property portfolio.
More than just a leading U.S. Blanket Mortgage Lender, Rental Home Financing is your partner for long term wealth building and cash flow generation. We’re invested in your long term success.
Contact us today and experience a refreshing new approach to financing investments…
Call today for more information: 888-375-7977 or CLICK HERE
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Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240
About Rental Home Financing:
Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.
Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.