Do You Take Advantage of Black Friday Sales?

Black Friday Deals for Rehab InvestorsBlack Friday is only a few days away.  Many people use this time to purchase holiday gifts and big purchases.  As a real estate investor, do you take advantage of Black Friday or Cyber Monday?  It is a perfect time to purchase big appliances and tools.  Some stores are even starting early with month long Black Friday sales.  If you take advantage of these sales, what types of items do you purchase?  Do you only purchase for the property you are currently working on, or do you plan for the future?

Rehab ROI Formulas

roiHow do you determine if you are going to have a good return on investment?  How do you tell if a property is worth purchasing to rehab?  Do you use a special formula?

In 2013, we posted two different articles pertaining to these topics.  If you haven’t yet, you should read them.  You can use the formulas to determine if the next property will be worth the investment.  

Click here for What Will Your Investment Give You in Return?…

Click here for ReCasa Financial Group’s Property Bid Cheat Sheet…

How do you determine if you will get a good ROI?

Are Condos a Good Rehab Real Estate Investment?

condoSome real estate investors wonder if condominiums are good rehab real estate investments.  While there are both pros and cons to investing in condos, as a financial institution, ReCasa Financial Group, we do not lend on condos.

Before investing in condo, please remember these points.

  • Each unit in a condo is required to pay monthly association fees. Investors will need to pay each month from purchase till it is sold/rented.
  • As an owner of the condo, the investor still needs to abide by the condo guidelines, which sometimes include rental restrictions.
  • Data reports that the value of condos decline more quickly than single family homes.

Condos may be good for people who want to purchase a property and rent it out to occupants, but on the rehab side, condos may not be the best option.

What are your thoughts on rehabbing condos?

Are You or Someone You Know Missing Out on a Great Investment?

InvestmentSome people agree that real estate investing
is the best way to invest your money compared to stocks and other retirement options.  If you believe that flipping houses is a better investment for you but you have yet to start, now may be the perfect time to start rehabbing as rates are currently low.

U.S. News recently published an article regarding investing in real estate, Are You the Only One Not Investing in Real Estate?  It mentions the benefits of investing in real estate and how to get started.  “The Bankrate Financial Security Index Survey released last week revealed 54 million Americans consider real estate to be the preferred cash investment for funds not needed for more than 10 years.”  The article touches on many of the points we have discussed in previous posts including educating yourself and networking with the appropriate real estate professionals.  We welcome you to read the article.

If you or someone you know is missing out on this great investment opportunity, please share this post with them.

Places for Real Estate Rehab Tips and Tricks

Where do you find your real estate rehab tips and tricks?  There are various sources to find information regarding design techniques, industry updates, real estate financing, and more.

Some examples include:

  • Fellow rehab investors
  • Real estate agents
  • Networking groups (REIAs)
  • Social Media (MyOpportunity, Pinterest, LinkedIn, BiggerPockets, Nextdoor, blogs)
  • Television (HGTV, DIY)

Do you use any of these sources?

Make sure to: