How Much ROI Can You Expect from your Next Flip? ATTOM’s year-end 2022 U.S. Home Flipping Report was released a few weeks ago, showing 14% more single-family houses and condos were flipped than in 2021. Typical gross profit was $67,900 nationwide, a 26.9% ROI compared to the property purchase price. If you’re looking for a lender to help you capitalize on the possibilities in your area, look no further!
When Other Lenders Won’t, RFG Will! ™
2022’s Metro Areas with the Biggest Profit Margins for Flips
Pittsburgh, PA (114.2%) Buffalo, NY (90.7%) Philadelphia, PA (78%) Baltimore, MD (72.9%) Richmond, VA (68.6%)
ATTOM, a leading real estate data provider, recently released a report that ranks the best U.S. markets for buying single-family rental properties in 2023. It showed average annual gross rental yield on three-bedroom properties, across 212 counties nationwide, is projected to be 7.5% this year (up from an average of 6.7% in 2022). It’s the first time since 2019 that we’re seeing this rise across the country.
RFG was helpful and extremely easy to work with. Their focus is on making you successful and reflect that attitude in their way of doing things. - Joel M.
This mixed-use triplex was an interesting project. The 1st floor featured a commercial space, and the 2nd and 3rd floors each featured a 3 bed/1 bath apartment. Both apartments were spacious enough to house a family, so Al knew this would be a great investment. He did a total gut to the building, and installed new electric, plumbing, heating, and carpet throughout, as well as a new kitchen and bath to each apartment. Al also added a new bathroom to the commercial space, and quickly rented it out to a hair salon. Great job, Al!
