Rehab Investing Benefits Children

We all know that real estate investing can be financially beneficial, but if you are a parent or hope to be one someday, have you ever considered the benefit it could have on your children?  You may have thought about ways to teach your children to save, but what about investing their money?  The article below explains more about how real estate investing can teach your children about financial principles.

“Even if the concepts are simplified for their sake, you can explain to them how investing works and how it can grow their money for the future.”

5 Ways to Use Real Estate Investing to Teach Your Kids About Finance

Are there other ways that real estate investing can help you teach your children?

ReCasa Financial Group’s Rehab Investor Earns over $80,000 Profit on Flip

Rehab investing can be very rewarding through hard work.  Most of our rehab investors are able to gain large returns on investments by doing their homework, and utilizing a team of successful real estate professionals.

Read about creating a successful real estate investing team here: https://getrealestatefacts.wordpress.com/2014/07/09/building-your-team-who-the-seasoned-investor-knows/

Recently, one of ReCasa Financial Group’s real estate investors earned a large return on investment with his rehab project.  This real estate investor purchased a 3,500 square foot residential property in a Philadelphia suburb that was significantly under market value.  Not only was he able to flip the house in four months from the purchase date, but he was able to make more than $80,000 in profit.  He cleaned up the exterior of the house, and updated the basement, windows, flooring, bathrooms, and kitchens.  He also made some major updates due to water damage.  He is currently looking to do his next real estate rehab investment.

What was your most successful real estate rehab investment?

 

If you are in need of financing for your next real estate investment, call ReCasa Financial Group to learn about one of your financing possibilities – 614.221.6770.  ReCasa Financial Group offers free prequalification for 100% financing for the purchase, improvements and soft costs on 1-4 family non-owner occupied properties in OH, PA, NY, NJ, NC, SC, TN, KS, MO, IN & IL. 

Real Estate Tips for Selling in the Fall

Real Estate InvestingMost people think of summer as the best time for the housing market, but real estate is bought and rented year round.  Fall can be a great time to sell a real estate property, as long as specifics are taken into consideration.

Audience – Many families move during the spring/ summer to get adjusted before school starts.  Millennials and empty nesters tend to move during the fall.  It is important to consider your audience when looking for your investment property.

Read more about considering an audience for rehab investing here:
https://getrealestatefacts.wordpress.com/2014/12/16/are-you-buying-investment-properties-with-the-right-audience-in-mind/

Curb Appeal – Curb appeal is important as it is the first thing homebuyers and renters see.  Clean up the clutter, walkways, gutters, and the yard including bushes and trees.  Wash windows, decks, porches and windows, and use seasonal flowers to decorate the outside of the house.

Indoors – Keep the house cozy by using warm colored décor and smells of fall.

Don’t back down on real estate investing during the fall as it could be a very successful real estate season for you.

What other items would you add to this list to help your house sell in the fall?

Tips for Financing Your Next Real Estate Investments

real estate financing tipsFinancing an investment property is a big step in securing a large return on investment.  It is important to consider all financing possibilities.

            Read about using other people’s money here:       https://getrealestatefacts.wordpress.com/2013/01/22/what-will-your-investment-give-you-in-return/

Some real estate investors are financially capable of purchasing and rehabbing their investment properties, there are some downsides to the transaction to consider.  Paying cash creates loss of liquidity, lack of leverage, and less money for rehab.

Below are some tips for financing your next real estate investment.

  • Make sure you have a large financial cushion for emergencies so that you do not get stuck in the investment. Paying cash for the property, can tie up your own cash.
  • While debt is one thing most people do not like to show, it is helpful to show real estate debt. If you are able to get a decent interest rate you may be able to make money due to inflation effects.
  • If you decide to use other people’s money, getting pre-approved will help the buying process.

What tips would you add to the list?

 

If you are in need of financing for your next real estate investment, call ReCasa Financial Group, to learn about one of your financing possibilities – 614.221.6770.  ReCasa Financial Group offers free prequalification for 100% financing for the purchase, improvements and soft costs on 1-4 family non-owner occupied properties in OH, PA, NY, NJ, NC, SC, TN, KS, MO, IN & IL. 

Advantages of Investing Where You Reside

As real estate investors, you have the option to invest in properties around the world. After trial and error, you may have learned what type of properties produce the best ROI. Over the years of funding real estate investments, we have learned that some of the most successful real estate investment properties are located near the investor.

Real estate markets can be very different in as little as 10 miles depending on the MSA. Understanding the market in which you invest is important as to create realistic expectations and have an understanding of the potential ROI.

There are many advantages to investing where you reside, including being able to manage the property and the rehab. If you live near the property, you may not need to hire a property management group, which usually costs investors 15% of the property’s monthly rent. Living near the investment property gives you the ability to check in on contractors, track the project, sort out any issues and fix certain things around the investment property including lawn maintenance. Seeing the project and not relying on the contracts word of mouth, creates a better investment and a higher success rate. The contractors have no obligation to the lenders, the borrower does.

Another great advantage of investing near where you reside includes the ability to get involved with various groups in the area, including real estate groups, to network, find resources, and build a professional team.

At ReCasa Financial Group, we require the investor to reside within 60 miles of their investment property. This helps the investor financially as they are able to make sure rehab is on schedule and they will not go over the loan term.

What advantages can you add for living near your investment property?