Realtor.com produces monthly and weekly stats on the number of homes for sale. In the first week of July, inventory dropped below year-ago levels for the first time in 60 weeks. Realtor.com says, “Buyers appear to have adapted to the higher mortgage rate environment faster than sellers…” and updated their annual projections to reflect an expected drop in inventory. Previously, they thought inventory would rise quickly.
RFG is in the business of helping you make smart investments. Our 100% Premier Loans help investors like you save thousands when closing on bridge loans to fix and flip or fix and rent properties. When you get pre-approved, you have the upper hand in this tight inventory environment. Get the property you’re after, and close faster with RFG in your corner. Plus, no down payment means more cash in your pocket, for a financial jumpstart on those renovations.
Purchasing, rehabbing, and selling a property is a lot of work, and not to be taken lightly. It’s important to make sure that you get the right help on your house flipping journey. That being said, people just like you are successfully flipping houses for profit. Our Flipping Houses 101 hub will give you the basics to make your first house flip a success, or help you make your current flips more profitable. Start preparing for a successful house flip.
“You can’t beat RFG’s deal — 100% loans make it easy.” — Angelo G.
Jason is a successful house flipper with 8 property flips under his belt. Northern Virginia is a very competitive real estate market, so there is a low inventory of foreclosures and short sales. Jason’s strategy is to search for under-built homes in highly desired locations, and vastly improve them without out-pricing the neighborhood. Jason picked up this outdated property, knowing that comps in the neighborhood had recently sold for almost $200k more than Jason’s purchase price. He invested time and money in creating an open floor plan for the first floor, and adding dormers to the front and back of the house to open up the smaller feel of the second floor. Lastly, he installed a fence in the backyard, adding pet-friendly appeal to this home. Great idea!