House Flipping: Where to Start How to Get Started Flipping Houses Here at Rehab Financial, we frequently get calls from people who want to get into the rehab and house flipping business but don’t know where to start. While we are happy to speak with them and give them some…
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The Biggest Surprise for First Time House Flippers Oops! I Didn’t Think of That! At Rehab Financial Group, we speak to first time home rehabbers on a daily basis. We’re most likelyoffering tips on how to get started flipping house and there is not a single day that we do…
What is Wholesaling Real Estate? Many of Rehab Financial Group’s borrowers find their properties through real estate wholesalers. Others have no idea what wholesaling real estate is, or how wholesaling works. RFG gets a number of phone calls from wholesalers, looking for buyers to assign their contracts to. It can…
There Will Soon Be Plenty of Product Available Again RFG constantly hears complaints from its clients that there is less and less distressed inventory on the market, and more and more investors, making getting their bids accepted difficult. That is about to change . . . During 2008 – 2011,…
Frequently Asked Mortgage Questions We are frequently asked by our borrowers to explain certain terms that are used in the mortgage industry. We have provided answers to some of the most frequently asked questions below, even if they do not necessarily apply to RFG loan. We hope that this helps…
Rehab Lending, Loan Costs and Private Lending Conferences I recently attended a conference of Private Lenders in Las Vegas, which was great. Being in Las Vegas is always fun (kind of like Disneyland for adults) and the conference was terrific. For as many years as I have been in the…
Position Your Credit to be Approved for a Loan! Most mortgage lending companies will ask you to allow them to “run” your credit, meaning they will request information on your credit from various credit rating agencies. RFG uses what is called a tri-merge report, which gives credit scores from three…
We Aren’t Being Nosey, We Really Need to Know! We are frequently surprised by the things that potential borrowers are willing to tell us, and conversely, that which they are not willing to share. They are usually happy to give us authorization to review their credit histories, tax returns, bank statements and…
2013 Predictions: What Will Happen in the Real Estate World? The year 2012 has ended and the effects of the economic recovery are beginning to be seen. Prices of real estate have stabilized in most parts of the country, and even begun to rise in a significant number of areas….
How Do I Determine After Repair Value of a Property? Answers to Five Common Questions About Determining Value One of the most critical things you need to know when buying an investment property in need of rehab is what the property will be worth when the rehab is finished. This…