Hard Money Loans in El Dorado County: Gold Country Is Still a Residential Gold Mine
El Dorado County in Northern California has a storied history as home to California’s very own “city of gold” that began the California Gold Rush, and today the soil in El Dorado County is equally bountiful for creative entrepreneurs looking to invest in residential rehabs and development. Nestled at the base of the Sierra Nevadas and circumscribing the southern shore of Lake Tahoe, El Dorado County offers real estate in one of California’s most idyllic natural landscapes. This area is increasingly being protected by environmental protection initiatives, ensuring prime property values well into the future as the population of El Dorado County grows and demographics shift. For the real estate investor looking to get in on the ground level of a market with a high-wattage future, El Dorado County is the right place to be.
The Future of the El Dorado County Real Estate Market
The population of El Dorado County has grown over the years as Greater Sacramento expands into the region. According to the 2014 US Census estimates, El Dorado County reported a population of 183,087. As prices for residential housing skyrocket in the larger Bay Area metropolises, more and more urban professionals are migrating outward in search of a pleasant, small-town atmosphere and a lower cost of living without losing the commuting proximity to larger cities like Sacramento. This trend has meant great news for the residential housing market in the smaller towns in adjacent counties like El Dorado.
El Dorado County is unique for its proximity to prime vacation and leisure real estate on the southern shore of Lake Tahoe, which offers continually strong tourism and vacation rental industries. Depending on the individual investor’s development goals and interests, El Dorado County offers land for more upscale vacation and recreation development.
For the investor targeting the professional market, the Sacramento-adjacent town of Folsom offers ample residential or mixed-use development opportunities. For the fix-and-flipper, many smaller homes in towns like Placerville feature beautiful architecture, and just need a little TLC to be modernized and updated for contemporary buyers. Whatever your development goals may be in El Dorado County, Socotra Capital is willing to work with you toward realizing your vision.
Socotra Capital Provides Hard Money Loans for the El Dorado County Market
El Dorado County’s stunning location and bright future make it a great bet for residential real estate development and residential rehab. Don’t miss the chance to capitalize on this market in El Dorado County—the gorgeous natural setting paired with the influx of workers from the Bay Area seeking a low cost of living have the area poised to be one of California’s best residential redevelopment sites, and we want to help you get started.
At Socotra Capital, we understand the El Dorado County real estate market and our hard money loans can get you the liquidity you need to make your fix-and-flip ready for the market. El Dorado County has the potential and infrastructure for long-term growth and prosperity, and with Socotra Capital, it can have your rehabilitated residential development as well.