The market is opening up, and rates are predicted to go down in 2024. It’s the perfect time to invest in a flip, which will be ready for market when rates are down!
As outlined in this article, Zillow adjusted its home price forecast to show an increase in prices during 2024. Zillow said its revision is based on “external factors,” including a decline in mortgage rates and an improved inflation outlook from the Federal Reserve.
Get Prequalified now to take advantage of the increasing prices and maximize your profitability.
Where the Entry-Level Homes Are
Research from Realtor.com is identifying where there are more opportunities for first-time buyers in 2024. Flippers should take note, too, of these markets with more affordable housing stock and more vibrant job markets attracting potential home buyers. The research ranked 2,738 locales with populations over 5,000, located in the country’s 100 largest metros. Towns topping the list for 2024:
If you don’t do the right prep work for tiles, either on floors or walls, your hard work is not gonna last. You need a good, strong, stable base for the tile work. This means you must fix any framing problems, like the floor system. Is it level? Are your walls square? Here’s a guide for how one firm gets ready to tile.
Plan Ahead for Best Results with our 100% Premier Loans
Even new investors who have never flipped a house before can qualify for a loan with us. You do need to have good credit and verifiable income/cash flows. A good business plan for your renovations is another plus in your corner. We encourage you to get in touch with us early on so we can answer your questions, ensure you have a solid investment opportunity, and help you with any resources that will make your efforts pay off!
100% Premier Loans from RFG cover all renovation costs. NO DOWN PAYMENT!
Jason is a successful house flipper with 8 property flips under his belt. Northern Virginia is a very competitive market with low inventory of foreclosures and short sales.
Jason searches for under-built homes in highly desired locations.
He vastly improves properties without out-pricing the neighborhood.
He bought this outdated property, knowing that comps had recently sold for almost $200k more than his purchase price.
Results:
Appraisal value increased $153,000 after $39,575 in renovations. Net Profit: $40,000
