Act swiftly and retain more of your hard-earned cash with RFG's industry-leading 100% Premier Loans, designed to empower you to capitalize on the perfect moment. You'll get funding even faster with our new guidelines.
RFG’s 100% Financing Can’t Be Beat!
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Competitive Rates — Even Lower Rates for Repeat Borrowers
RFG has streamlined its lending process, making it even more advantageous — and faster and easier — to work with us than ever before. Details about our program changes can be found below. But first, here are three informative summaries of current happenings in the real estate investment market, all of which can help you direct your energies more wisely, as our overriding goal is to make your fix-to-rent, fix-to-flip, and new-build construction initiatives the best they can be in terms of ROI.
US Housing Market Heating Up Even as Weather Temps Cool
US News and World Report sees two reasons for the predicted uptick in real estate market: declining mortgage rates and decreased Realtor fees, stating,
“With inflation continuing to ebb and 30-year fixed mortgage rates declining below 6.5% for the first time in over a year, hopes are rising for a semifrozen housing market to thaw out even as the summer selling season draws to a close. In addition, given the historic settlement by the National Association of Realtors, encouraging more negotiations between buyers and sellers on the commission rates paid to real estate agents, reduced transaction costs could also translate into lower home prices.” It then takes the time to articulate the hottest real estate markets in the country as of its release. Read the article to be more informed about where you might want to spend your real estate investment dollars.
In a related vein, Redfin is also saying to expect mortgage rates to drop, printing: “Federal Reserve Chair Jerome Powell told the central bank’s annual gathering on Friday that ‘the time has come for policy to adjust,’ all but confirming the Fed will cut rates at its next policy meeting on September 18.”
The article goes on to say: “Rate cuts will likely start on September 18, but the size and pace will depend on incoming economic data, particularly labor market data.” With this in mind, start timing your initiatives geared toward expanding — or even beginning to create — your real estate portfolio.
‘Whether selecting pet-friendly materials or incorporating built-in feeding stations and cozy nooks, homeowners are designing spaces that prioritize the needs of all family members, including pets,’ says Marine Sargsyan, an economist at Houzz, a home remodeling website.” This has led to the creation of a new term: “An entire home design movement, called ‘barkitecture,’ has been inspired by pets.” Are the projects you are working on now taking this trend into account? Should they? Read on to decide.
Here’s a recap of our improved lending process: Our 100% Fix & Flip Premier Loan has always featured competitive rates, but now include even lower rates for repeat borrowers. With no down payment required and no income verification, our personalized underwriting process provides your funding in just 5–10 business days; simply provide us with your purchase agreement, your statement of work, and your bank statements from the past three months. Our goal is to provide same-day approvals, so get in touch with our lending professionals today!
And once you are onboard, remember to sign up to take advantage of our exclusive partnership with HD Supply that allows you to save up to 50% on the thousands of construction materials and supplies you need to complete your project. Also be sure to leverage the construction-related procedural advice afforded by experts in our office. When you win, as your partners in this journey, RFG does too — we truly want to help you maximize your ROI. Our inviting and exciting changes to our loan process make working with us during your real estate investment journey even more appealing.
RFG in Action
Angelo renovated a 3-floor triplex, transforming each floor into modern apartments by replacing the electric, plumbing, and flooring. He installed new kitchens and bathrooms on each floor. After the upgrades, he quickly rented out all three units, and the steady rental income is now helping him pay down the mortgage faster.
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 or new-build journey, highlighting something that potential buyers/renters are likely to find appealing, ultimately making your outcome more successful and profitable.
6 ‘Hot’ Kitchen Trends
This article from Builder is all about ways to pack the proverbial “heart of the home” — the kitchen — with appealing features or upgrades. “With functionality in mind, the 2024 U.S. Houzz Kitchen Trends Study points to openness, high-tech appliances, and long islands as popular features,” the article begins. It then goes on to list six ideas that definitely warrant your consideration.
Review the contents of this piece in the link below, which includes a link to the Houzz study, and then decide how you might best leverage this advice to maximize your ROI on your project(s).
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!
