Kitchens and Bathrooms Remain Top ROI Improvements

In the past, we have posted about certain property improvements that produce a high return on investment which has included updated kitchens and bathrooms, but a recent article from Angie’s List, shows a few additional improvements that can result in a successful ROI.

Read the full article here… http://www.sacbee.com/entertainment/living/home-garden/article161714703.html

These improvement suggestions were the results of surveying top remodelers and real estate professionals.  These improvement suggestions include:

  • Kitchen
  • Bathroom
  • Decks
  • Siding
  • Windows

It seems that over the years, kitchens and bathrooms remain the top improvements to add ROI to a real estate property.  According to HGTV.com, a minor bathroom remodel can have a 102% ROI and a minor kitchen remodel can have a 98.5% ROI.

What are your top improvements to produce high ROI?

Drones are the New Trend for Real Estate

droneThe real estate industry seems to keep changing, from interest rates to the way the business works.  I recently read an article about the newest trend regarding the use of drones for real estateReal estate professionals are using drones to capture better photos and videos of real estate properties at a more reasonable cost as they begin to be listed on the market.  Some real estate professionals believe that these photos and videos will allow for real estate buyers to view more properties in a shorter period.  Before drone photos and videos, many real estate professionals relied on Google Maps and Google Earth for an aerial view of the real estate property.

Some uses of the drone for real estate purposes include

  • Aerial photos of the property
  • Video footage of approaching the property from traveling up a driveway
  • Video footage as if walking around the property
  • Various aspects of the town where the property is located

How many are using drones for their real estate business?  Do you find them helpful?  Do you see this trend becoming the norm?

Mortgage Brokers Can Earn Up to 2 Points for Each Rehab Loan Closed with ReCasa Financial Group

As a lender, we get the common question “Can we get paid for referrals?”  At ReCasa Financial Group, we work with licensed mortgage brokers so they can offer our 100% financing rehab loan to their clients.  These mortgage brokers can earn up to 2 points on each rehab loan that closes with us.  We take note of mortgage brokers and their clients, so that we do not take clients from mortgage brokers on additional loans closed.  It is better if the mortgage broker contacts ReCasa Financial Group before the rehab investor starts any possible communication with ReCasa.

ReCasa Financial Group’s rehab loan program provides:

  • Free prequalification with a letter detailing the amount qualified for
  • 100% financing for the purchase, improvements and closing costs for 1-4 family non-owner occupied properties
  • Up to 70-75% of the after repaired value
  • Interest only payments are required during the 9-month term

If you are interested in offering our rehab loan which is 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, MO, KS, IN, & IL, give ReCasa Financial Group a call today at 614-221-6770.  We would love to work with you and your clients!

ReCasa Financial Group Offers Loan Servicing Options for Private Mortgage Portfolios

ReCasa Financial Group has always included additional aspects of real estate financing to their list of client offerings.  Some of these facets include real estate loans (100% rehab investment financing and commercial financing option), insurance, real estate investor education, and services offerings.  ReCasa Financial Group offers loan servicing options for private mortgage portfolios for other private lenders.  This loan servicing includes invoicing, payment monitoring, disbursing construction draws, and collecting on delinquent accounts.  ReCasa is an expert in all aspects of loan servicing.

If you would like to learn more about our loan servicing option for private mortgage portfolios, feel free to give our office a call at 614-221-6770.

Homebuyers and Renters Looking for Sustainability and Environmentally Friendly Features

With Earth Day on April 22, it is a great time to think about how your real estate investment business is going green – both the rehabbing side and business aspect.

Regarding rehabbing properties, according to a recent Chicago Agent Magazine’s article, 9 stats that show homebuyers want green technology, “71 percent of homebuyers say energy efficiency promotion in listings was very or somewhat valuable” and “56 percent of Realtors surveyed said clients are at least somewhat interested in sustainability.”

Some of these real estate green features include solar panels, dual pane windows, energy star appliances, high efficiency water heaters, low flow toilets, showerheads, and faucets. What sustainability and environmentally friendly features have you added to your buy/hold or fix/flip properties? Do you see more homebuyers and renters looking for these features? Are these features adding value to your properties?

Are you changing any of your business aspects of your investing to help the Earth too?

Click here to read our previous blog post regarding going green here, http://recasafinancial.com/rehab-is-going-green/