Do you have a house that is in bad shape? Most banks, lenders, and insurance companies will not work with distressed properties, especially if buyers are getting government backed loans. Getting a distressed property "show ready" is cost prohibitive and will attract potential buyers who often won't qualify for a loan, will require major repairs, and will negotiate the price down based on the current condition. REIF does a quick assessment, gives you a fair offer, and closes quickly, often saving you money and always saving you time.
Have you lost your job or being transferred out of the area? Are you facing mounting debt, medical bills, or disability? Have you inherited a property that you don't have the time, money, or the emotional capital it requires to liquidate the asset? Often, people cannot wait for how long it typically takes to sell a home. The national average time it takes to sell a home in a seller's market is 30-45 days, and in a stable or buyer's market that time can extend out to 6 months or more. Most people in financial distress cannot wait that long.
As we saw with Covid 19, things can change unexpectedly. As a result, many people cannot afford their lifestyles and selling their biggest asset may be the way out. Do you have a variable rate loan that pushed you out of your comfort zone? High interest rates, inflation, unemployment, uncertainty, and the ever changing market makes it difficult to be tied to a mortgage.
As investors, we understand the need to continually analyze the properties in your portfolio to see what properties are underperforming and which categories are too heavy. As the political, social, and economic climates are in a constant state of change, so too should your portfolio. REIF can successfully help other investors and property owners reposition their portfolios to obtain the desired rate of return.
REIF is always looking to be involved in meaningful developments, whether starting from a green field or revitalizing an existing development, we love to deploy capital in the right deals. We are interested in joint ventures, syndications, commercial and residential developments, property repositioning, and everything in between.
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