RFG's free weekly newsletter provides valuable insights into the current housing market for investors. We offer competitive lending rates, personalized service, and exclusive discounts, up to 50%, through HD Supply on materials you'll need for your project. Our commitment extends beyond funding; we aim to be your trusted partner in real estate investment success. This week's update highlights market resilience and potential for impressive returns on well-chosen projects. Read on for essential information to guide your next fix-to-rent, fix-to-flip, or ground-up initiative.
Lower Cost of Entry for Investors Possible
Where can rehab investors and then consequently finished residence inhabitants expect to get the most for their money? Realtor.com has published a roundup of the 10 cities with the lowest cost of living, enabling the population to stretch their dollars further.
“The metros with the lowest cost of living are largely concentrated in the South and the Midwest,” says Realtor.com senior economic research analyst Hannah Jones. “These areas tend to be smaller, with only Birmingham, AL, representing the 50 largest U.S. metros, as the 50th largest.”
As single-family home starts continue to trend higher, now is the perfect time to consider starting a new build. According to NAHB, “The September reading of 1.35 million starts is the number of housing units builders would begin if development kept this pace for the next 12 months.
Within this overall number, single-family starts increased 2.7% to a 1.03 million seasonally adjusted annual rate. On a year-to-date basis, single-family construction is up 10.1%.”. With the housing market showing positive growth, especially in September, seizing this moment can help you take advantage of favorable conditions and maximize your investment potential. Don't miss the opportunity to begin your next home project and profit soon!
Home Buying Demand Stays Strong Despite Economic and Election Uncertainties
Redfin has more good news for investors: “Pending U.S. home sales rose 3.5% year over year during the four weeks ending October 20, the biggest increase in three years (with the exception of the prior 4-week period, when they rose 3.7%).
"On a local level, pending sales are up in 35 of the 50 most populous U.S. metros, the most in three years.” With housing demand holding strong despite rising mortgage rates, now is an ideal time to invest in a new fix-to-flip property. Start your next venture today and capitalize on these favorable conditions.
While we feature competitive rates for all borrowers, for repeat borrowers, RFG’s competitive 100% Fix & Flip Premier Loan (with no down payment required) and Ground Up Construction Loan now feature even lower rates for all borrowers.
Call us or fill out the online form today to get your loan application into our system. Our company’s lending professionals strive to grant same-day approvals and then to deliver your funding in just 5–10 business days — with no income verification and no down payment required! Just share with us your bank statements for the past three months, your purchase agreement, and your statement of work.
When you become one of our clients, you will also enjoy several other benefits associated with working with us, such as access to advice about construction-related issues and the ability to take advantage of our exclusive partnership with HD Supply that enables you to save up to 50% on thousands of the supplies and construction materials and supplies you might need during your project. RFG’s personalized and comprehensive services are in place to keep as much money in your pocket as possible so your completed housing is the best and most profitable to you it can be!
RFG in Action
Philly Mixed-Use Quadplex Building Fix-to-Rent Project
Al’s recent rehab of a mixed-use property on Chestnut Street turned out to be a profitable venture. After stripping the building down to the studs, he upgraded the electrical, plumbing, heating, and flooring. With a commercial space now leased to a tax office and four renovated apartments rented to reliable tenants, Al has created a steady income stream. Great strategic thinking, Al!
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 ground-up construction journey, or ideas to increase your potential ROI. By highlighting something that potential buyers/renters are likely to find appealing, RFG hopes to ultimately make your outcome more successful and profitable.
Smart Home Features for Investors to Include
U.S. News has some valuable tips for how to best spend your renovation dollars. The article asks about ideal investments and then answers, saying, “When considering home renovations, how do you know what’s a solid investment? A worthy update can either reduce your cost of living while you remain in the home or add significant value to the home sale price when you decide to put it on the market.”
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!
