RFG's 100% Fix & Flip Premier Loan Still Leads the Industry!
Now more than ever...
When Other Lenders Won't, RFG Will!™
RFG still stands as the best choice for funding with easier and faster approvals, no income verification, and minimal documentation. Close in 5-10 business days. We ensure a swift and hassle-free funding process to keep your projects moving forward.
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Check out this week’s edition of RFG’s free weekly newsletter, to quickly review information that will shed some light on current happenings that provide insights to help drive your success in real estate investment. Use what you learn as the springboard to take actions that will maximize your return on investment in your fix-to-rent and fix-to-flip efforts. When you succeed, we succeed. RFG remains laser-focused on providing you with the financing you need to maximize your real estate investment profits. Read on, then contact us today to start your loan 610-981-1715.
Mortgage Rates Are Still Declining
The recent rate-related trend that ultimately bodes well for real estate investors is still holding true: mortgage rates are continuing to decline.
This brief article distributed by NAHB includes a chart titled “Freddie Mac Prime Mortgage Market Survey and Interest Rate” that clearly shows relevant figures for the 30-year and 15-year mortgage rates from 2019 to 2024. The author includes a statement that says, “Per the NAHB forecast, we expect 30-year mortgage rates to decline slightly to around 6.66% at the end of 2024 and eventually to decline to just under 6% by the end of 2025.”
The NAHB has also recently released a more global review of the housing market itself, compiling “the latest annual, quarterly and monthly (not seasonally adjusted) housing market data for new home sales and existing home sales.”
This link includes global information about regional and national home sales, median home prices, and even characteristics of home buyers themselves. Leveraging this information, you can make more-informed decisions about where your next — or first — rehab or new-build project should be, and in what price range. Read on to see the facts and figures by clicking the links in the article itself after reviewing the readily seen highlights.
Helpful Sweeping Overview of the Real Estate Market
All else being equal, which U.S. cities might be the best ones for you to make your real estate investment ventures happen in? This article from GOBankingRates outlines 50 possible locations, referring to them as the “50 Best Cities for First-Time Homebuyers in 2024.” In other words, these locales might be both right for you and then highly appealing to your prospective buyers or renters. The author includes a reminder that “like many elements in life, it [the ideal home site] can all boil down to location, location, location.” Check out the list, which also includes the average home value in each city, and then see how many potential fix-to-flip or fix-to-rent listings exist in them.
Angelo took on the massive project of renovating a nine-unit complex, which included four 2-bed/1-bath apartments and five 1-bed/1-bath apartments. At the time of purchase, the building was only 50% occupied. He meticulously upgraded each vacant unit with new drywall, paint, flooring, plumbing, and minor electrical work. Now, with the building fully occupied, Angelo is focusing on the four garages on the property, planning to rent them out for $600/month each. This additional income will complement the rent from the apartments, showcasing Angelo's strategic vision and determination.
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 journey,” ultimately making your outcome more successful.
25 Upgrades That Increase Home Values
Once you have secured a property to rehab, your “possible upgrades” list is almost infinite. But there are some paths to pursue that are more likely to yield profits than others. Here, HomeLight outlines 25 high-ROI improvements your prospective buyers or renters are more likely to embrace. This list was created by “using extensive surveys of HomeLight agents, expert data from the National Association of Home Builders (NAHB), and out-in-the-field expertise from top agents such as Gina Baum of northern Maryland,” enabling you to “make better decisions about where to invest your money.” Read the article and then decide which ones should be a feature in 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!
