Whether you are an experienced builder looking for a new ground-up lender, or brand new to real estate investing and investigating your first flip, RFG is the lender you’ll love. Our 100% Premier Loans just can’t be beat, and neither can our great service
Our 100% Premier Ground Up Construction Loan is a quick, smart and effective way to finance construction costs. You can build 1-8 unit residential investment properties with this loan.
To qualify, you need to have some ground up construction experience. We need investors to have at least 1 verifiably completed ground up project within the most recent 12 months.
The land must be purchased in advance, and you have to have a foundation poured as well as permits approved for building. What else do you need for this loan? Cash on hand to cover closing costs, plus 6 months of reserves. This is a great loan for investors with good credit, a current income stream, and some experience building from the ground up in the recent past.
Like our other leading loan products, you can count on Rehab Financial Group for great service, efficient processing and a fast closing.
Fall Housing Market Predicted to Improve for Buyers
A new article in Realtor.com notes that the median listing price of homes has begun “its typical seasonal decline” and starting to trend in “a more buyer-friendly direction.”
New listings improved by 5.9% week over week, during the week ending 8/12/23. “As we look to the upcoming autumn season, which is typically the best time to buy a home, a glimmer of optimism emerges,” is what Realtor.com’s economic data manager Sabrina Speianu had to say. She predicts that if current trends continue, there will be more new listings than compared to the Fall season last year.
How New Construction Became More Attractive in 2023
Most home buyers automatically assume new construction is more costly than buying a pre-existing home. But with 2023’s inventory shortages, bidding wars, and people paying tens of thousands over asking in some markets, new construction became less out of reach comparatively.
More people who wouldn’t have considered buying new construction started seeing it as more affordable, and sometimes just plain easier to accomplish after losing bidding war after bidding war. The article has a bunch of good info about builder incentives, spec homes, and more.
“I have always been treated with respect by RFG. I really feel like they want me to succeed.” - AI C.
Ernie and Anna have successfully flipped 6 properties in NJ. They have kept their day jobs, and have relied heavily on a strong team of contractors, realtors, and brokers. “The more trustworthy people you have on your side, the more likely you are to be successful!” said Anna. Ernie and Anna say the biggest holdup on their projects is the permitting process. In NJ, this can take several weeks or months. It’s a good thing that your business is running efficiently if you can get work done faster than you can get the permits! As they gain more experience as real estate investors, their tentative plan is to transition to be full-time flippers within 5 years.
