RFG’s free weekly newsletter is chock-full of information that can quickly give you some facts and/or figures that are useful to people in the real estate investment area, informing you about ways to maximize your fix-to-flip and fix-to-rent ROIs. This roundup of recent trends is sent out because we want you to succeed!
20 Cities With Plentiful Listings of Properties Under $100K
Here’s a quickly absorbed list of the 20 markets where properties under $100K abound. So it you are interested in that price range, GOBankingRates has done the research for you.
“GOBankingRates analyzed data from Zillow to find the 100 biggest housing markets priced under $100,000. Then, GOBankingRates used data from Realtor.com to find the total number of active home listings and just how many of them have asking prices of less than that mark.”
As of August 5th, active single-family inventory saw a 1.0% week-over-week increase, now up 38.4% from the February seasonal low. Currently, inventory stands at 684,000, the highest level since June 2020.
Start New Home Construction Now Ahead of Expected Rate Cuts
Despite the recent news,this article from Monday, shows that economic activity is expanding steadily, even though job gains have moderated and unemployment is still low. A rate cut is coming in the near future so now is an opportune time for builders to start new-home construction projects in order to capitalize on the more-favorable market conditions that will help drive home sales.
RFG in Action
Richard purchased a three-bedroom, one-bath single-family home in good condition and saw it as an easy rehab project. He replaced the paneling with drywall, installed new kitchen cabinets, and upgraded the laminate countertops to granite. Additionally, he updated the plumbing fixtures and electrical outlets. The only inspector-required upgrade was replacing 20 feet of curb at the front. The home’s clean, modern look attracted tenants quickly, providing Richard with steady monthly income. His keen eye for investment properties paid off!
For competitive rates and a commonsense and quick closing process, get in touch with RFG to inquire about our Ground Up Construction Loan (with no LTC cap) and 100% Fix & Flip Premier Loan (with no down payment required). In fact, financing is often delivered in fewer than 14 days. The lending professionals at RFG can also explain the many ways we can enable you to maximize the funds you can put toward your project, as we help you keep more money in your pocket during your rehab. For example, through our exclusive partnership with HD Supply, you can purchase the needed materials at lower prices than a typical consumer shopping on their own. And we even have people onboard who can give you procedural advice. We want your fix-to-flip or fix-to-rent initiative to bring you the maximum ROI, because as your partner in this process, we win when you win!
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 and productive throughout your rehab journey, ultimately making your outcome more successful.
Top 10 No-Demo Renovation Ideas
How’s this for a “life hack” for the rehab investor? Thumbtack and Zillow have teamed up to unveil 10 reno-budget-friendly ideas to boost homeowner/renter interest. Acknowledging that “many homeowners are not able to take on the stress or the cost of large renovations, [they lay out] certain features that are proven to be highly desirable in today's market [that] don't require knocking down walls or a big budget. Thumbtack data finds these projects cost less than $5,000 on average nationwide.” Read the article to see which ones will work with your property.
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!
