Buying Florida
Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.
Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week.
Didier Malagies nmls#212566/DDA Mortgage nmls#324329
Buying Florida
Different options on getting cashout on your investment property
How it works: Short-term, high-interest loan based on property value, not personal credit.
Pros:
Fast funding (days instead of weeks).
Less strict underwriting.
Cons:
Very high interest rates (often 8%–15%+).
Short loan terms (often 6–24 months).
7. Seller Financing (if you're buying another property)
How it works: If you own a property free and clear, you could "sell" it and carry financing, creating cash flow and upfront cash through a down payment.
Pros:
Passive income from note payments.
Cons:
Risk if the buyer defaults.
Key Factors to Think About:
How quickly do you need the cash?
How much do you want to borrow?
How long do you want to be repaying it?
How the new debt impacts your overall portfolio.
tune in and learn https://www.ddamortgage.com/blog
didier malagies nmls#212566
dda mortgage nmls#324329