You can navigate your first — or simply next — fix-to-flip or fix-to-rent project with even more confidence by leveraging insights from RFG and recognizing that we are here to partner with you. Take a moment to check out our competitive rates on financing and the many other advantages we can afford you, enabling you to maximize your return on investment for all your hard work. This week’s series of articles can verify it’s time to jump in and help direct your energies.
The Real Estate Market Is Picking Up and Returning to a More-Normal Status
The Realtor.com article is quite encouraging: “The biggest eye-catcher for me is the fact that inventory is rising sharply,” says Realtor.com senior economist Ralph McLaughlin. “There are 35.2% more homes on the market than this time last year, an incredible trend in the direction of normality.”
And if you have been waiting for prices to increase before proceeding, also according to the article, know this: “As is typical in the housing market’s warmer months, the national median list price continued to increase seasonally by 0.3% to $442,500 in May, compared with $430,000 in April.”
Not All Home Improvements Return Value When It’s Time to Sell
Is it time for the actual renovations? This slideshow from MSN.com points out 21 projects that can actually hurt a home’s resale value, and the rationale behind the thinking. Click through it to determine whether you are about to invest your energies in the ideal areas.
Inventory is returning to more-normal ranges and prices are rising. This a great time to find your next real estate investment opportunity.
In-Demand Markets Hit a New Record
According to this Realtor.com article, “America’s 20 hottest markets in May received three times as many views per property as the national average, according to the latest Realtor.com® report. … That’s a record high never seen in the data’s history dating to mid-2017.”
Why? “It boils down to their low supply of homes for sale combined with high demand, which helps ‘drive views per property higher, upping the competition for homes in the hottest markets and adding upward pressure to home prices,’ according to [economic analyst Hannah] Jones.”
Are you living in—or able to invest in—one of them? Read on to see where they are.
Terreon typically focuses on multi-family properties, but he couldn't pass up a great deal on a single-family home. He maintained a modest rehab budget and concentrated on the big picture, upgrading the electric, plumbing, heating, and air conditioning. He also installed a new kitchen and two new bathrooms, and improved the curb appeal by re-siding the house. The project was a success, and he sold the home for a profit, which he reinvested in another multi-family property.
So secure a property and then contact the professionals at RFG; they can explain the many ways RFG can help you keep more money in your pocket during your project, ultimately allowing you to maximize your profits. Our competitive financing packages, which include the 100% Fix & Flip Premier Loan (with no down payment required) and Ground Up Construction Loan (with no LTC cap), are particularly attractive because the financing is delivered in fewer than 14 days.
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