This free weekly newsletter from RFG showcases some recently released online articles that should be of interest to investors. Leverage this information before taking the next steps in your next — or first — fix-to-flip, fix-to-rent, or ground-up initiative. Not only does RFG offer competitive lending rates while providing personalized service, but as your lending partner, we want to improve your knowledge base since we are sincerely interested your success. Read on for three potentially important data points as well as some renovation feature advice.
Positive House-Flipping Financial Stats
The Motley Fool seems bullish on house flipping, based on the information in the link below. "The average ROI for house flipping in the second quarter of 2024 was 30.4% and the average gross profit was $73,492" is one of the key points featured.
The piece goes on to include some nationwide and regional facts and figures, graphs, and charts, all of which are informative.
Home Sales Contracts Are Another Sign of Investors’ Potential for Success
To echo what NAHB is saying: “The Pending Home Sales Index, which tracks contract signings on existing homes, rose to 75.8 from a month earlier and registered the highest reading since March, according to the National Association of Realtors.
A reading of 100 is equal to the level of contract activity in 2001,” according to Yahoo!Finance. Click the link to read more, and to see the NAR graph showing how activity has been trending upward lately; this bodes well for investors interested in turning a profit not long after setting a property on the market.
While we offer competitive rates for all our borrowers taking advantage of our No Down Payment 100% Fix & Flip Premier Loan and Ground Up Construction Loan, RFG now features even lower rates for repeat clients. Our company’s lending professionals are dedicated to delivering your funding in just five to 10 business days, with no income verification or down payment required. And they work to grant same-day approvals once you get in touch. All we need to see are your bank statements from the past three months, your statement of work, and your purchase agreement.
Get in touch ASAP to get your loan started and to hear about some of the other ways we stand by you throughout your investment journey, as we are dedicated to helping you get the highest ROI possible. For example, we afford access to construction-related procedural advice. Also, through our exclusive partnership with HD Supply, you can save up to 50% on thousands of the supplies and construction materials needed during your project. RFG is here to provide personalized services that you will appreciate!
RFG in Action
Philadelphia Quadplex Transformation: Investor's Systematic Approach Yields Rapid Returns
Al quickly saw the potential in this well-located Philadelphia quadplex and standardized his rehab approach across the four 1-bed/1-bath apartments. He fully updated each unit with new electric, plumbing, flooring, heating systems, kitchens, and baths. The apartments rented immediately, with tenants enjoying the fresh, quality updates—showing Al’s efficiency and keen eye for profitable investment.
Tip of the week We are excited to share a new logistics-related rehab tip every week! This area can be relied on for helpful information, such as how you can be more efficient and productive throughout your flipping or ground-up construction journey, or ideas to increase your potential ROI. By highlighting something that potential buyers/renters are likely to find appealing, RFG hopes to ultimately make your outcome more successful and profitable.
Renovations That Can Instantly Increase Home Values!
It is widely accepted that a bathroom remodel can add value to a home. This piece from AAA reminds investors of an important fact: “A bathroom remodel doesn’t mean taking the space down to the studs and starting from scratch. You can update an outdated bathroom to a more modern style on any budget, with tweaks as minor as a new faucet or paint color — or as extensive as adding built-in cabinets and vanities.” Read through this link to see five ideas and also review some cost considerations, and more.
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!
