RFG has instituted some new streamlined lending guidelines that make it an even wiser idea to secure funds from us — and you can do so faster and easier. We want to partner with you during your real estate investment journey throughout your fix-to-rent, fix-to-flip, and ground up efforts. For everything from our free weekly newsletter helping you keep up on important happenings to affording funding at competitive rates, discounts on supplies, and procedural advice, we are here for you.
Fed Cuts Rates!
Watch this enlightening Squawk Box video detailing the Fed’s recent decision to cut rates by 1/2 a point. The quote that can readily be read when you open the link is this: “This was the best news I’ve heard from the Fed in years,” says Wharton’s Jeremy Siegel on the 50bps interest rate cut.
“This is fantastic news for the market, and great news for the economy.” This makes now an even better time to pursue real estate investments. Click on the link below to view the four-minute video clip.
Rate cut news aside, Realtor.com had already predicted that the fall would be full of activity: “High mortgage rates put the real estate market in a slump in the final month of summer — but, they could also provide a runway for buyers to jump into a less competitive market in the fall.
Homes spent 53 days on the market in August, the longest time for the month in five years, according to Realtor.com® data. There were also a staggering 19.3% of listings with price cuts, the highest level for the month in five years,” the article begins.
This signals that there should be inventory available for investors to find profitable properties to fix and flip. Read the article to get a fuller perspective on what is being said here.
Yahoo!Finance is sharing what was discovered when “GOBankingRates spoke with several real estate professionals about the main types of homes expected to soar in value at the end of next year.
These are their predictions.” Some of the seven types listed here may surprise you, but pursuing an investment in them could be a bigger boon to your ROI than you might have expected. Read the article to decide whether you are on the best path when you are picking and choosing where to expend your rehab energies for the first or next time.
Some important changes that benefit our borrowers went into effect recently, our widely acclaimed 100% Fix & Flip Premierand Ground Up Construction Loans feature even lower rates for repeat borrowers. And our goal is same-day approval that will deliver your funding in just 5–10 business days — with no income verification and no down payment required; all we need are your purchase agreement, your statement of work, and your bank statements from the past three months.
Meanwhile, be sure to enroll in our exclusive partnership with HD Supply once you are set with your funding — through it, you can save up to 50% on thousands of construction materials and supplies that you might need during your project; this arrangement is part of our plan to allow you to keep as much money in your pocket as possible so you can make your end product the best it can be. And be sure to take advantage of our construction-related procedural advice RFG too. Get in touch with us today — we are almost a one-stop shop here to help maximize your ROI!
RFG in Action
From Project to Profit: How Richard's Rehab Turned a Distressed Property into a Successful Sale
Richard undertook a significant rehab project with a distressed property that required starting from scratch in the kitchen and bathroom. He transformed the modest 3-bedroom, 1-bathroom home by converting the attic into a 4th bedroom and adding a second full bathroom. Although the basement was left unfinished, relocating the laundry to the first floor added value. Despite cost overruns and delays, the extensive improvements paid off, and Richard was able to sell the home quickly and profitably.
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.
Inviting Curb Appeal Changes
According to this article posted by Better Homes & Gardens, “Whether you want to refresh your [investment’s] curb appeal or increase the value of your home, [you can] find inspiration in these home exterior remodel ideas.” Check out the difference an attention to aesthetics can make and then embrace the ideas that will lead to your rehab/new-build project being more appealing to its new residents!
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!
