Having Adequate Cash Reserves

by on August 2, 2012 1:28 pm under

Your Cash Counts Having adequate cash reserves is essential to getting a loan approved by both traditional lenders and private lenders. RFG has recently received several applications from potential borrowers, who, although otherwise qualified, do not have enough cash on hand to get their loan application approved.  In addition, there

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Private or Hard Money Lender?

by on June 4, 2012 3:02 pm under

Private Lender or Hard Money Lender Which type of lender is right for you? Many people in the property rehab business think that private money rehab lenders and hard money rehab lenders are the same. They are different in many ways and by understanding the difference, you can chose the

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The Value of Your Flipped House

by on May 1, 2012 1:34 pm under

RFG receives calls from potential borrowers everyday seeking financing for their rehab projects. We love the excitement that they have for their newest project, but frequently find that they have “fallen in love” with the house and have not done their homework regarding the feasibility of the project. (For more

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Watch Out for Date Requirements!

by on April 10, 2012 3:15 pm under

An agreement of sale for the purchase of real estate contains multiple dates that you need to keep track of to make sure that your deal gets done. It is very disappointing when a purchase of a property does not close or the buyer does not get the best deal

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Mortgage Loans: Don’t Hide Facts

by on February 29, 2012 6:11 pm under

When applying for a mortgage loan, the lender will ask you to fill out an application and provide supporting documentation. It is important that you review what is being asked for and supply all of the requested information. If you cannot supply something, explain to the lender, in writing, why

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10 Tips on How to Hire a Contractor

by on January 16, 2012 4:41 pm under

1. Get References from People You Trust The recommendation from a friend in the business, a colleague, or a neighbor is one of the best sources for finding reputable and trust-worthy contractors. People you know will give you an honest account of their experience with the contractor and sometimes you

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