Join forces with RFG for your real estate investing success! Benefit from competitive rates, fast closings, and flexible terms that are customized to your needs. Rely on our dedicated team of experts to support you every step of the way.
RFG is standing by to help you navigate your fix-to-flip or fix-to-rent projects with even more confidence, as you can rest assured you have secured competitive financing rates through us and that we can even give you procedural advice. In the meantime, here are a few current articles that afford guidance; publishing this information summary is just another way we partner with you to achieve mutual success.
May 2024 Data Reveals Another Increase in Foreclosure Activity
The posted article begins by saying, “ATTOM, a leading curator of land, property, and real estate data, today released its May 2024 U.S.
Foreclosure Market Report, which shows there were a total of 32,621 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 3 percent from a month ago…” The article goes on to reveal the states with the highest foreclosure rates, starts, and completions, as well as other valuable data. Click the link to see for yourself.
Given the stats regarding all the foreclosure-related homes waiting for someone to take action by purchasing and rehabbing them, ultimately earning a profit, how should you proceed?
Here are some foreclosure auctions dos and don’ts from RealtyTrac to keep in mind; following them will enable you to get started on the right foot from the get-go.
Are you worried that the higher-than-usual mortgage rates will keep your potential buyers at bay? According to this article from Realtor.com, “Mortgage rates dipped further this week, with the average rate for a 30-year fixed home loan falling from 6.99% last week to 6.95% for the week ending June 13, according to Freddie Mac, prompting realtor.com®’s senior research scientist Jiayi Xu to say, “As a result, more home sellers returned to the market, leading to an increase in new listings compared to the previous week.”
The proverbial “if you build it, they will come” popularized by the 1989 Kevin Costner movie "Field of Dreams" has new meaning in our realm: now is the time to secure a real estate contract and get in touch with someone at RFG.
Ayesha aimed to buy a multi-unit apartment building where the rental income would cover the mortgage and provide passive income. After a long search, she purchased a 12-unit building in a prime Atlanta location at a reasonable price from a motivated seller. The building needed only cosmetic upgrades, and after renovations, Ayesha was able to double the rent for each unit to $1,500 per month. Her advice: "Never underestimate tenants or the eviction process. If you're not an experienced property manager, don't take it lightly." Thanks for the tip, Ayesha!
The professionals at RFG can explain the many ways our firm can help you keep more money in your pocket during your project, ultimately allowing you to maximize your fix-to-rent or fix-to-flip profits. Our 100% Fix & Flip Premier Loan (with no down payment required) and Ground Up Construction Loan (with no LTC cap) are particularly attractive because of their competitive rates and ability to deliver your financing in fewer than 14 days. And as our clients can attest, our commonsense underwriting process enables a smooth interaction with us.
Discover the reasons investors benefit from partnering with RFG!
Discover our diverse loan options tailored to your needs, offering more competitive rates than traditional lenders. Experience impeccable service and common-sense underwriting. Learn why real estate investors choose us and keep coming back.
