Is Real Estate Investing the Best Way to Invest?

Home flipping rocketed during the first part of 2013.  According to RealtyTrac, the number of homes rehabbed in the beginning of the year rose 19% from a year ago and 74% from the first half of 2011.  With this increase came an increase in profit.  Real estate investors made an average $18,391 in gross profit per rehabbed home.  This was a 9% gross return, and a 246% increase from one year ago.

During the first half of 2013, real estate investors earned an estimated $20,000 on single family homes. As the year goes on, we are expecting to see an increase in real estate investing.

According to Yahoo! Finance, some of the locations in which ReCasa Financial Group lends, saw an average gross profit of between $13,996 and $39,458, and a gross profit between 10% and 32%. These locations include:

  • Cincinnati-Middletown, OH-KY-IN: 11% Gross Profit
    Single Family Flips (first half 2013): 1,191
    Average gross profit: $13,996
    Gross profit percentage: 11%
  • Chicago-Naperville-Joliet, IL-IN-WI: 12% Gross Profit
    Single Family Flips (first half 2013): 2,845
    Average gross profit: $23,099
    Gross profit percentage: 12%
  • Charleston-North Charleston, SC: 13% Gross Profit
    Single Family Flips (first half 2013): 551
    Average gross profit: $29,850
    Gross profit percentage: 13%
  • Pittsburgh, PA: 32% Gross Profit
    Single Family Flips (first half 2013): 617
    Average gross profit: $36,537
    Gross profit percentage: 32%

real estate investing

You can see the full report on Yahoo! Finance.

Regarding real estate investing, what have you seen happen in the first part of 2013?

 

ReCasa Financial Group lends to real estate investors in OH, PA, IN, IL, NY, NJ, NC, SC, TN, KS & MO for the purpose of rehab.  We offer 100% financing and free prequalification with the rehab program.  We have the ability to “cash” an investor out and provide rehab financing if they use cash, or can provide a proof of funds letter to investors who do not wish to use cash.