Rehab Financial Group Expands to 5 New States!on May 28, 2015 4:00 pm under Real Estate News, RFG News
OUR BIGGEST EXPANSION EVER!
Find Some New Properties and Tell Your Out-Of-State Friends!
Rehab Financial Group is excited to announce the expansion of its lending to five new states in addition to the nine states in which we currently lend. Our new lending areas include:
- New Hampshire
- Rhode Island
As you can see, Rehab Financial Group is becoming the rehab lender of choice along the East Coast, and looks forward to success in its westward expansion to Colorado.
Good News for House Flipper Profits too, You Can Still Make BIG Money!
It has never been a better time to be a rehabber. . . .
Recent statistics show that industry profitability continues to grow. According to the U.S. Home Flipping Report, published by RealtyTrac, the average profit for a home flipper in the first quarter of 2015 was $72,450. This is a 17.4% jump over the average profit per flip during the same time period in 2014.
How is this Possible?
Home flippers continue to benefit from a shortage of move in ready real estate in certain markets, rising real estate prices and limited construction of new homes. According to the U.S. Home Flipping Report, it may take a bit longer to sell properties, with an average of 176 days from purchase to sale, but profits are higher. Markets with the highest rate of gross return include Baltimore and Central Florida.
How Can I Afford to Get in on the Action?
Most fix and flip investors either buy and rehab the property with their own cash, or borrow for private lenders, and this is a market segment that most US banks will not lend on. The costs of the private loans is considered a cost of business for flip projects and the costs are built into the analysis of the property.
Rehab Financial Group looks forward to working with our existing customers in our prior states, and new borrowers and brokers in our expanded states, as the house flipping market is dynamic and extremely profitable at this time. If you are looking for a rehab loan in Pennsylvania, New York, New Jersey, Connecticut, Virginia, Maryland, Delaware, North Carolina, South Carolina Massachusetts, Florida, Colorado, Vermont or New Hampshire, give us a call to discuss your rehab loan needs!!