We’ve streamlined our process, and now we do not require income verification and have reduced documentation requirements, making it faster and easier to get approved. Enjoy 100% financing with minimal hassle—get same-day approvals and funding within just 5-10 business days. RFG provides what other lenders don’t!
RFG Is Truly Unique
No Income Verification
No Down Payment
Same Day Approval
Bank Statements Covering the Last 3 Months, Purchase Agreement, SOW – THAT'S IT!
Where are many buyers/renters heading these days? According to Realtor.com, there are 10 areas in particular.
“To calculate a city’s popularity, though, Realtor.com® looked at the cities that attracted the highest levels of buying interest in the past year … Realtor.com also created a Regional Traffic Index, which analyzes the amount of interest coming from within and outside the city’s region. A greater share of traffic coming from outside the region implies that the city has greater appeal across the country and could potentially be a more competitive space.” Click the link to take a look at what they are sharing, and then determine whether it is feasible for you to take rehab or new-build action in any of these locales.
Another factor to take into account when you are proceeding in the real estate investment arena is where homes might be undervalued.
US News and World Report states, “Overvalued and undervalued markets are those in which households are respectively spending far more or less on their housing costs compared with the national per capita income.” It then lists the most undervalued areas to buy and rent homes, and this data could serve as a beacon to investors. This article is jam-packed with helpful information, data, and charts — read on to learn what is there.
And on the financial lending front, Redfin is sharing that, as of August 8, mortgage rates have dropped to their lowest level in over a year, giving buyers “tens of thousands of dollars in purchasing power in the last month alone.” Furthermore, the article states, “Redfin economists say now is a good time to jump into the market, while there’s a pile of stale inventory and rates have started dropping.” This is reassuring news for real estate investors who hope to capture a buyer after their ground up or rehab work is complete. See the article for “the numbers behind real estate trends,” including median sale prices, percents of homes that went under contract in less than two weeks, and more.
Ernie and Anna have successfully flipped six properties in New Jersey while maintaining their day jobs, thanks to a reliable team of contractors, realtors, and brokers. Despite facing delays due to the lengthy permitting process in NJ, their efficient business operations have kept projects on track. As they gain more experience, they plan to transition to full-time real estate investors within the next five years.
Tip of the week We are excited to share a new logistics-related tip every week! This area can be relied on for helpful information on how you can be more efficient, productive, and/or profitable throughout your rehab journey, making your outcome more successful.
21 No-No Renovation Ideas
This article from Family Handyman kicks off with: “While some projects instantly increase resale value, others can cost you in the long run.” Some of our recent tips posts have focused on ideas to pursue, so this week we are flipping the script and sharing 21 renovations to steer clear of. Read the article to be sure you do not make any of the wrong moves as you work to improve your investment property.
Now More Than Ever - RFG is Set Apart From the Competition
Secure your property contract then contact RFG to start your application for our 100% Fix & Flip Premier Loan with no income verification and no down payment required. Our responsive service team will get your application processed quickly. Usually you'll receive an approval the same day. Then, our painless closing process delivers your funds within 5 to10 days. This means you can keep your focus on your investment project to drive it toward a profitable conclusion. RFG always works to keep as much of your money in your pocket as possible to help ensure you maximize your available cash. Another way RFG maximizes your cash is through our exclusive money-saving partnership with HD Supply. As an RFG client you save up to 50% on the items you need for your property rehab. When you call for your loan, ask about this unique, FREE program that will stretch your cash even further.
Is your short-term loan about to end or mature in the next 90 days? Convert it into a long-term investment loan with ease. Click hereto learn how to secure a 30-year financing option that fits your needs perfectly. Let’s turn your property into a lasting investment!
