RFG is once again proud to send you this week’s newsletter, which is designed to help you cut through the clutter online to access some timely articles in the real estate investment area, thereby helping you make the most of your energy investment in the fix-to-rent and fix-to-flip arenas. We publish and distribute this newsletter because, as your lending partner, when you profit, so do we!
Prospective Home Buyers Are Now Poised to Buy
Builder, an online provider of home-building and other related news, recently reported: “In June, 19% of consumers indicated it is a good time to buy a home, up from a survey-low 14% in May.”
That said, if you have been sitting on the sidelines, you should move quickly to capitalize on this market environment, as there are mixed notions about what the future holds, but “improved supply” (which is where your property could come into play) should make a positive difference.
Home Builders: Check Out the Trends, Statistics, and Predictions!
An analyst from CNBC is interviewed on a segment of Squawk Box regarding housing prices rising and other market factors that are important to take into account, especially if you are planning on breaking ground on a new-build project.
The NAHB has recently acknowledged that “close to two-thirds (65%) of new single-family detached homes sold in 2023 were built on lots under 9,000 square feet, which is less than 1/5 of an acre.” That said, in another piece about lots, the NAHB says: “Lot values for single-family detached spec homes continued to rise, with national values reaching a new high in 2023, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. The U.S. median lot value for single family detached for-sale homes started in 2023 stood at $58,000, with half of the lots valued higher and half of the lots valued lower than the median.” What are some takeaways from these articles? First, smaller lot sizes are more common now, whether you are rehabbing a property or engaged in ground-up construction. And second, if it is the latter, you should act now to capitalize on opportunities before the prices go any higher. Both links you need to read for perspective from the source are below.
RFG’s Ground Up Construction Loan (with no LTC cap) and 100% Fix & Flip Premier Loan (with no down payment required) both have competitive rates, and your financing is often delivered in fewer than 14 days. Contact one of the lending professionals at RFG, who will walk you through the many ways we can help you keep more money in your pocket during your project, which will ultimately enable you to devote more funds to your fix-to-flip or fix-to-rent initiative, thereby maximizing your ROI. And our commonsense underwriting process leads to a seamless interaction with us, while our exclusive partnership with HD Supply lets you purchase the materials you need at lower costs than you can typically find shopping on your own.
RFG in Action
Clive aimed to become a full-time house flipper, but wisely kept his day job while learning the ropes of real estate investment. Eventually, he left his job to focus solely on rehabbing, targeting 12 flip projects annually. Clive excels in project management, coordinating overlapping contractor schedules to complete flips in under six weeks. To handle business variability, he takes a minimal salary and reinvests profits. He further maximized his savings by getting his real estate license, avoiding many fees on each deal. Smart strategy!
Tip of the week We are excited to share a new logistics-related tip every week! This area can be relied on for helpful information on how you can be more efficient and productive throughout your rehab journey, ultimately making your outcome more successful.
Curb appeal ideas
Siding, paint colors, door replacements, and more are all covered in this piece from brick & batten. Check out this photo-filled article for inspiration as well as direction regarding how to proceed with your project.
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!
