Message from the FIG Team (February 2020)
Feb 27, 2020Some of you may have received a message similar to this one in a recent email. If you're not part of our email list and would like to be—you can start receiving company news/project updates by giving us your email at the bottom of this page.
Now that 2020 is in full swing, we have an opportunity to capitalize on some of the changes over the last twelve months. The Fed’s commitment to lowering its benchmark rates last year has created a more favorable interest rate environment for real estate investing. So for those of you who happen to own an investment property and your interest rate is 4.75% or higher, you're in a great position to increase cash flow through a refinance... Lower rates coupled with increasing property values offer you and me an opportunity to tap into the equity accumulated in our existing properties.
If you're curious at this point but need more info, we recommend a quick chat with Lane Aldrich. He's been our preferred lender at First Colony Mortgage for many years and really knows his stuff! Those interested in contacting him to explore a refinance in Utah, Texas, Idaho, or Arizona—you can contact him at [email protected] Throughout our site, you'll find proformas breaking down our different projects. If you'd like us to explain any of these numbers to you, we'd be happy to. OR if you'd be interested in a complimentary portfolio analysis, we'd love to help you analyze your current investment properties as well.
The numbers may tell you to hold, sell, or capitalize on a refinance... you never know until you take a look! If you choose to take us up on our offer, contact us at [email protected] or schedule a time to chat at fig.us/consult
Taking Reservations on these New-Construction Fourplexes:
Pineridge Farms - Payson, UT New fourplexes to start construction in April, 2020! Purchase Price: $699,900 Cap Rate: 6.3%
Starwood Farms - Cypress, TX 1 fourplex now available in this previously sold-out development! Construction to begin within 45 days Purchase Price: $690,000 Cap Rate: 6.7%
If you're in the market for a property that's already built, contact us with your criteria at [email protected] so we can update you as we become aware of more multifamily investment opportunities!
Team FIG Steve Olson, Chase Leavitt and Jon Metcalf
