Always Be Prepared To Buy

Some Ohio homes are currently selling within 24-48 hours.  Most desirable, nationwide homes are gone within a week.  This means that if you see a house you like, you need to act fast.  Does this hold true for properties that need renovated?  If this trend continues, this will be helpful for when you are renting or selling your investment property.

As we have mentioned in previous blog posts, it is important to have good connections with realtors.  They can always give you a call when they find a property that they feel would be a good investment, even before the house goes on the market.  In these situations, it is important to know how much home you can afford so you can jump on those properties.  Being pre-approved for a loan will speed up the buying process, which means that you will have the possibility of a faster turn over rate.

Read our prequal blog post here – http://recasafinancial.com/benefits-of-a-pre-approval/

ReCasa Financial Group would be happy to prequalify you before you have your investment property picked out.  Give Steve Radomile or Erik Williams a call at 614-221-6770 to find out more.  We would be happy to supply you with a prequalification letter once approved, which can strengthen your offer when submitted to a seller or its agent.

It’s Never Too Late

There are many reasons people to start investing in the real estate market.  Some start investing as a way to save for retirement, others do it as a full-time business.  According to Forbes.com, real estate is one of the top 4 places to invest in 2018.  As mentioned in the article, there are many ways to invest in real estate, you just need to find the right fit for yourself and your lifestyle.

One local real estate investor personally lived in a property for 8 years then moved to a different home.  He turned his first property into a rental.  The profit he is earning from rent is going towards his retirement.  He believes that real estate is the best way to invest his money for his future as well as his children’s.

It is never too late to start investing in real estate, whether it is to own multiple rental properties or to flip houses.  If you haven’t already, read our previous post – http://recasafinancial.com/are-you-or-someone-you-know-missing-out-on-a-great-investment/.

What are You Reading?

If you have been reading our blog, you know that we find it very important that you do your homework when it comes to real estate investing.  We post links to various websites with great information, but one thing we haven’t talked about is reading books.  There are plenty of real estate how-to books and books written by successful real estate investors.  Do you read any books pertaining to the real estate investment industry, how to, or self-improvement books?  If so, we would love to know what books you have found helpful.

Bathroom Design Techniques You Should Avoid

As a real estate investor, you know that your biggest return on investment comes from rehabbing bathrooms and kitchens.  Realtor.com posted an article, 9 Bathroom Decor Ideas Designers Really Wish You Wouldn’t Follow, that will help when planning your next rehab.  These ideas may help you be more successful when selling your investment property.  What other design techniques should real estate investors avoid when rehabbing investment properties?

Building Relationships Through Real Estate Trade Shows

A couple of months ago, our rehab regional managers, Erik Williams and Steve Radomile, attended some real estate broker trade shows.  They attended AAPL Annual Conference, Northeast Conference of Mortgage Brokers and Professionals, and NAMB National.  They met with some brokers and made successful connections.  As you know, in the real estate industry, it is important to build relationships with others in the business.

When attending trade shows, remember to…

  • Find out who will have a booth and decide which booths you want to make sure to stop at. That way you can plan out your day better, and not leave the event without stopping by those specific booths.
  • Always give out your business card and get a business card. Some tables become very busy and it is a good idea to get the person’s/company’s card so that you can follow up with them.
  • Stay at the hotel associated with the trade show. It will give you a chance to meet with attendees outside the event.

Have you been to any trade shows that you found to be successful for your real estate investment business?