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3 Ways to Add a Garage Substitute to an Investment Property
Once you’ve bought an investment property, you will want to do everything you can to make the most money out of it. If you’ve put the work into making the inside of the property the best it can be, then it’s time to turn your attention to the outside. You can never underestimate the power of curb appeal and outside storage. Most people want a space where their car or vehicle can be protected from the elements, so you can improve your investment property by adding a garage substitute.
Add a Carport for an effective garage substitute.
If your property doesn’t already have an attached garage, the best way to improve your investment property is to add a carport. A carport is basically an open-air structure with a roof that is big enough to fit a car in. While a carport won’t completely encapsulate a vehicle, it will still protect it from rain, sun, and snow. You can attach a carport to the property itself or have it freestanding. If you are trying to rent your investment property, an added carport can mean that you can ask more in rent, and a carport also adds value if you’re trying to sell your property.
Add a metal building or shed for a garage substitute.
If you have enough space on your property, then you should consider adding a freestanding building or shed. This type of garage substitute is the closest you can get to a real attached garage. Unlike a carport, a building or shed can completely contain a car and protect from the weather. It can also be used for storing other things, including lawn equipment or household items. While you can hire a professional to build a shed for you, there are different types of metal building kits that can suit the space and needs that you have.
Need a garage substitute: add an awning.
Lastly, you can add an awning to your investment property. Perhaps the cheapest way to go, an awning can attach to the property itself or it can be freestanding. However, compared to a carport or a shed, an awning doesn’t give as much protection, but it does offer shade. Awnings are easy to install and are a great choice for adding a lot of value without too much effort or investment on your part.
By adding a garage substitute in the form of a carport, shed, or awning, you can vastly improve your investment property. Renters and buyers see the added value, and it could be the deciding factor in whether or not they choose your property.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
The post 3 Ways to Add a Garage Substitute to an Investment Property appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/04/22/3-ways-to-add-a-garage-substitute-to-an-investment-property/ from SWFL REIA https://ayda-1941.tumblr.com/post/184367152114
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March 2019 Lee County Foreclosure Report
Where does the March 2019 Lee County Foreclosure Report come from?
We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.
Compiled and analyzed by Jeff Tumbarello.
March 2019 Lee County Florida foreclosure report: Trends at a glance.
Lis Pendens Filings:
youtube
March 2019: 93 Mortgage related Lis Pendens.
February 2019: 103 Mortgage related Lis Pendens.
March 2018: 82 Mortgage related Lis Pendens.
Certificates of Title Conveyed:
March 2019: 48 Certificates of Title were conveyed.
February 2019: 40 Certificates of Title were conveyed.
March 2018: 53 Certificates of Title were conveyed.
March 2019 Lee County Florida foreclosure report: When was the last payment made?
Year Mortgage Originated Average Last payment date 2001 5/6/2016 2002 6/25/2018 2003 5/26/2018 2004 12/21/2015 2005 6/14/2015 2006 8/9/2014 2007 10/21/2015 2008 8/16/2018 2009 8/4/2018 2010 9/1/2018 2011 2/9/2018 2012 8/16/2015 2013 0 2014 5/1/2014 2015 9/30/2017 2016 6/3/2018 2017 8/7/2018 2018 7/20/2018
Some thoughts on the metrics of the March 2019 Lee County Florida foreclosure report.
10 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment.
The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
If the market is correcting, the distressed market will not be the primary driver.
The current filings appear to be the following factors.
Old Modifications that are now going bad. (2005-2007)
New Low money down builder transactions. (2016-2018)
“Normal” Distressed Situations.
Probates where a mortgage was involved. (Primarily the 2005-2007 Vintage)
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: March 2019 Lee County Foreclosure Report
The post March 2019 Lee County Foreclosure Report appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/04/10/march-2019-lee-county-foreclosure-report/ from SWFL REIA https://ayda-1941.tumblr.com/post/184093902914
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How to Create a Self-Managing Business
Many of us want to create a business. With that comes being able to manage our business, but what about a self-managing business? Is it possible? The short answer is yes, but let’s break it all down. Paul Dworianyn of Awesome Dynamic, an Amazon Consulting Agency, shares with us how to get started!
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Paul’s Quick Background
I’m a business owner with twenty employees in nine states. My wife is retired and we have the one thing which people strive for, work for, and dream about, but sadly never achieve. The freedom of time.
Having the Right Mindset is Key to Creating a Self-Managing Business
When it comes to creating a self-managing business you need the right mindset. Having the right mindset is more than affirmations and positive thinking. It’s getting comfortable with being uncomfortable. It’s taking the time to analyze your excuses, questioning yourself, continuously improving, and increasing the choices you have in life and business.
There is a statistic that ninety-five percent of self-employed people trade their time for money. They should be trading value for money.
When I first started my business, these were the statements which frustrated me: “Work ON your business instead of IN your business,” and “Delegate more.” While both of these made sense, I still had questions like “How do I do this?” and “Where should I start?”
In part, the answer had to do with optimizing my time.
Optimizing Time Part I
This is one of the crucial steps in the process. You need to create the mindset shift and learn to trade value for money instead of time. This comes from prioritizing how you spend your time and discovering ways to actually multiply your time. Being busy is a choice, think about choosing to focus on a goal versus just staying busy.
One method is to track your time. Remember, “What gets measured, gets managed.” What time are you spending doing what? Become self-aware of how you’re spending your time. By tracking it, you can review where time is spent and on what. Then ask yourself, was this important? Was there a faster way to do it? Should I have delegated it?
Some great resources to help with tracking time are Tsheets.com and old-fashioned pen and paper.
Consider “The Buckets” as the First Step toward a Self-Managing Business
Use the Three Bucket method to multiply your time. Take a piece of paper and make three columns. Labe one Bucket A, the next Bucket B, and the third Bucket C.
Bucket A is things I hate to doing. Bucket B is things I don’t mind doing. Bucket C is things I like doing, but probably shouldn’t be doing.
For example, my buckets (business and personal) are as follows:
Bucket A – Things I hate doing
Business:
Bookkeeping
Personnel Files
HR Compliance
Personal:
Doing laundry
Cleaning the House
Bucket B – Things I don’t mind doing
Business:
Annual Employee Reviews
Sorting through emails
Invoicing & Depositing Checks
Website Maintenance
Personal:
Manually paying the bills
Mowing the lawn
Getting the mail
Bucket C – Things I like doing, but probably shouldn’t be
Business:
Closing Deals
Talking with Clients
Marketing
Personal:
News
Social Media
TV / Movies / Youtube
Optimizing Time Part II
There are numerous ways to gain some time back. Make sure all your bills are set up on autopay. Stop wasting time on stuff that doesn’t align with goals. Unsubscribe from all emails that are irrelevant to meeting your goals. Don’t categorize emails, use Gmail and google search inside your email! Be sureGoogleways ask, “How can I make a second improvement on this?” And “Who can I delegate this to?”
One resource which shows an example of how a business owner makes a 2-second improvement to everything is on Fastcap.com in the video section.
Recommended reading on time optimization and how to think differently about how to use your time.
2 Second Lean: How to Grow People and Build A Fun Lean Culture by Paul Akers
The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan
The One Minute Manager by Ken Blanchard
The 4-Hour Workweek by Timothy Ferris
Another tactic is to use automation services and software such as Chrome extensions or Calendly.com for scheduling all of your appointments. Consider hiring an assistant or sourcing out some of your tasks. Talk to your colleagues and other business owners. Tap their minds and come up with some solutions for whatever you’re time challenged with at the moment.
At some point, you need to take an honest inventory of your business. Where are you creating a bottleneck in your business and how or what can you do to get things flowing smoothly? One possible solution is letting someone take the reins. Letting go and trusting someone else to do anything in your business can be nerve-wracking, stressful, and sometimes can backfire, but you won’t progress towards letting go without trying.
Know your what, find your who, don’t figure out how:
Know what you want done.
Find the who you can have do it.
Let them figure out how.
If your who hasn’t figured out how to get what you want done, your job is to find a different who, not to figure out how to get it done.
There’s a saying attributed to Jim Rohn: “You’re the average of the five people you spend most of your time with.” Maybe it’s also time to do an inventory not only of where time is spent, but with whom is your time spent.
For more information about how to get other people to run your business, read:
Traction: Get a Grip on Your Business by Gino Wickman
Rocket Fuel: The one Essential Combination That Will Get You More of What You Want from Your Business by Gino Wickman and Mark C. Winters
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
How would spend your extra time?
What are you passionate about or is there something you’ve always wanted to do yet told yourself you didn’t have the time?
For me, it’s all about spending quality time with friends and family. I also love to read and absorb information by listening to podcasts. I’d make sure to schedule the time to scale my business and invest.
On a personal level, I’d do a better job of getting into shape and staying in shape. There’s also a desire in me to grow and impact a billion people in a positive way.
What about you? It’s worth the time to take a sheet of paper and make a list of what you would do with extra time. Would you grow a garden? Go to more theater shows? Take a class to further your education? There is no right or wrong answer. Have fun while creating the list and always be adding to it.
One book which has been instrumental to me during this process is The Miracle Morning for Entrepreneurs: Elevate Your SELF to Elevate Your BUSINESS by Hal Elrod.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: Create a Self-Managing Business.
The post How to Create a Self-Managing Business appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/04/10/create-a-self-managing-business/ from SWFL REIA https://ayda-1941.tumblr.com/post/184086887874
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Real Estate Investing via Roommate rentals
10 things I wish I knew when I got started in Roommate Rentals by Gabriel Falk, Founder / President of That Sweet Rental:
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Disclaimer: I’m not an attorney, this is solely for educational purposes and I suggest you obtain legal advice from a competent attorney!
Real Estate Investing via Roommate rentals: Separate from your personal life.
Know when to separate your personal phone number and a dedicated business line (such as a telecommunication system like RingCentral or even having a Google Voice phone number) to be utilized for your tenants and other business professionals to reach you so that way you can keep a separation between work life and personal life.
Real Estate Investing via Roommate rentals: Pre-qualify the tenants.
Proper pre-qualification questions with potential tenants to make sure that they’re going to fit your criteria before you decide to meet with them and/or having them do an application for background check. Elaborate with them so that they understand that it is a roommate rental and not just a traditional rental as a lot of people don’t tend to read advertisements and it’s full description that already states everything.
Real Estate Investing via Roommate rentals: Manage your utility bills.
If you’re planning to include all utilities it would be best to consider solar panels, if that’s too cost prohibited at a minimum to cut down utility costs by putting in timers for receptacle switches in common areas such as living/dining room areas, etc. Do not install them in private common areas such as bathrooms. LED lights are fantastic and last a long time and are inexpensive to use. Always add a reasonable percentage to your rent pricing to compensate for the excess usage that tenants tend to overuse when they know that all utilities are included as many times they do not become mindful of their excess usage unfortunately so it’s important to implement things into place to mitigate these excess costs. Something to consider when adding washers and dryers including the utilities of that usage is maybe consider putting in coin laundry it is something that we have not done as of now but I have thought about implementing this strategy next. Providing your tenants with laundry facilities on site keeps tenant staying for longer periods of times but it is not necessary if your pricing is Affordable and you provide good value your tenants will stay regardless I’ve learned.
Real Estate Investing via Roommate rentals:
Surveillance cameras in common areas such as kitchens, laundry rooms, living and dining room areas including exterior of the premises is important it also cuts down a lot of phone calls from “he said she said” when it comes to people taking someone’s food it comes down to the Honor System and tenants need to know how to respect what belongs and doesn’t belong to them. Example: people think twice about doing something that they shouldn’t be when they know that they may be recorded. Be sure to have a good attorney draft up a surveillance addendum for your tenants to sign at lease signing acknowledging that they consent to this surveillance recording in these common areas due to the multi-tenant nature.
Real Estate Investing via Roommate rentals:
A keyless entry system is a great idea instead of using keyed locks because in the event that you have a move-out occur you don’t need to worry about switching locks out every time! Instead, you just switch an access code out and then add a new code. We presently use Schlage keyless deadbolt and Schlage keyless auto locks and they are just fantastic products! Always make sure to use a name brand 9 volt battery when changing the battery out so that it lasts the longest time frame possible (usually a solid year sometimes longer depending on usage) so don’t cheap out on cheap batteries as you will notice a difference.
Another thing that’s great is that the tenant cannot lose a key since they have a code that is given to them. I always suggest that it’s best to go with this route because it becomes less expensive overall and during move out’s you can easily just remove their code and not have to change the main entrance keyless entry as well and end up giving a new copy of keys out to all of the roommates in the house instead you remove just the code to the bedroom and the main entrance and then add in the new code for the new tenant coming in and all of the other roommates that reside can wind up using the same code that they have been given when they moved in which is different than the one you just removed.
Real Estate Investing via Roommate rentals: Hire a quality cleaning service.
Having a cleaner with a keen eye for detail to provide a monthly minimum of deep common area cleaning is important to keep the household staying nice and neat and allows the tenants to see that it needs to be kept to that degree on a daily basis.
Real Estate Investing via Roommate rentals: Pest Control is something that needs to be done every other month.
Pest Control is something that needs to be done every other month though we do our best to do it every month regardless if the tenant is keeping the household clean or not. It should be taken care of as a priority to keep everything in the household free of pests, it also gives you a way to observe the residence when you’re there so that you can see things that may be missed like maintenance that should be looked at that they might not have told you about and you can also be able to see that they’re keeping the property in good repair order on a day-to-day basis.
Real Estate Investing via Roommate rentals: Being proactive will make you profitable.
Nip issues in the butt quickly should tenants abuse your rules in your lease. Make sure to provide a zero-tolerance policy by posting a seven day notice to cure or quit if they don’t follow the lease rules its best that they vacate and if they continue to behave in a way that they do not adhere to the rules this notice gives you a reason to terminate their lease should they not comply.
Real Estate Investing via Roommate rentals: Be firm yet fair.
Roommate rentals can feel like “babysitting adults” as it’s time-consuming at times so it’s important that you are a person that can handle working with people and be fair enough but yet firm to make sure that they do what they’re supposed to do and you provide a service that they would expect.
Real Estate Investing via Roommate rentals: Better have a system!
Streamlining processes is vital in this type of business you need to train your tenants to understand ways to communicate with you and various ways to pay. I always tell the tenant the easiest way to get ahold of us is via text messaging secondarily, via email and finally, it would be as a last resort via phone call. If you receive a phone call it is best to always allow the tenant to leave a voice message first so that way you get to screen the call to determine the systematic approach of making contact. Remember, it makes your job easier so don’t overdo things if it’s not needed!
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: Real Estate Investing via Roommate rentals
The post Real Estate Investing via Roommate rentals appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/04/09/real-estate-investing-via-roommate-rentals/ from SWFL REIA https://ayda-1941.tumblr.com/post/184068203229
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How to Make Sure You’ll Profit From Real Estate Investing
Real estate remains one of the most important and potentially profitable investments you can make. Most successful investors diversify their financial portfolios by including a wide array of real estate investments. You might not have the capital to buy up blocks of prime Manhattan real estate, but you could start your real estate investing by getting into the housing market in your city. Here are some of the ways to make sure you’ll profit from real estate investing:
Profit From Real Estate Investing: Buy Low, Sell High
To score a profit in real estate you’ll want to apply the same guiding principle that is found in the stock market: buy low, sell high. How to Buy Real Estate explains that this is harder to do in practice than just saying it. It’s important to not get caught up in the fervor of buying. Many times when everyone is buying is the opposite of the right time to buy. Whereas the stock market can move fast, investing in a property can tie up your funds for several months. You have to be prepared for the inevitability that you might be carrying a mortgage on a property while also paying off your home mortgage. Will you be financially stable enough to handle those demands? You will also have to decide when is the best time to sell a home. That decision could determine the scope of your potential profit.
Profit From Real Estate Investing: Be Careful with House-Flipping
House flipping is a way to create profit from a real estate investment in a short amount of time. Rules of Renovation cautions that hiring help during a renovation can get expensive fast, which is why it’s a good idea to do as much of the work yourself as possible. However, if you find yourself in over your head, it’s better to hire professionals rather than do a bad job of it. Some of the work that you could take on is demolition. It doesn’t take a lot of skill to take down cabinets in a kitchen or pull up tiles and carpeting. That work can save on a crew day. As mentioned, hiring help during a renovation can get expensive fast and anywhere you can cut your costs will help increase your profit margin.
Profit From Real Estate Investing: Become a Landlord
Flipping a home isn’t the only way to generate income from a property. You could also set it up as a rental property. If the location is ideal for vacationers, then you could make a lot of money from short-term renters. With extended lease occupants, you would be guaranteed a reliable source of revenue that can pay for your mortgage along with a little profit. All of this will mean becoming a landlord. This allows you to maintain the property as you see fit and control who the occupants will be. Investing in real estate isn’t limited to buying houses for a flip or a rental. You can also invest in commercial spaces and vacant lots. The best course of action is always to make an informed decision before any money exchanges hands.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: February 2019 Lee County Florida Foreclosure Report.
The post How to Make Sure You’ll Profit From Real Estate Investing appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/03/11/how-to-make-sure-youll-profit-from-real-estate-investing/ from SWFL REIA https://ayda-1941.tumblr.com/post/183381961389
0 notes
Text
February 2019 Lee County Florida Foreclosure Report.
February 2019 Lee County Florida Foreclosure Report.
Where does the February 2019 Lee County Florida foreclosure report come from?
We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.
Compiled and analyzed by Jeff Tumbarello.
February 2019 Lee County Florida foreclosure report: Trends at a glance.
youtube
Mortgage Related Lis Pendens Filings:
February 2019: 103 Mortgage related Lis Pendens.
January 2019: 88 Mortgage related Lis Pendens.
February 2018: 57 Mortgage related Lis Pendens.
Certificates of Title Conveyed:
February 2019: 40 Certificates of Title were conveyed.
January 2019: 76 Certificates of Title were conveyed.
February 2018: 70 Certificates of Title were conveyed.
February 2019 Lee County Florida Foreclosure Report: Notes.
7 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment.
The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
The disruption within the foreclosure trend lines from Hurricane Irma has passed.
The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
The current filings appear to be the following factors.
Old Modifications that are now going bad. (2005-2007)
New Low money down builder transactions. (2016-2018)
“Normal” Distressed Situations.
Probates where a mortgage was involved. (2005-2007)
February 2019 Lee County Florida Foreclosure Report: Average Last Payment Due Date.
Year The Mortgage Originated
Average Last Payment Due Date
1999
9/1/2018
2000
0
2001
0
2002
0
2003
1/7/2019
2004
0
2005
12/15/2014
2006
10/11/2014
2007
6/5/2016
2008
5/16/2017
2009
7/1/2018
2010
11/25/2015
2011
0
2012
6/16/2018
2013
0
2014
3/15/2015
2015
6/19/2018
2016
5/12/2018
2017
7/14/2018
2018
6/1/2018
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: February 2019 Lee County Florida Foreclosure Report.
The post February 2019 Lee County Florida Foreclosure Report. appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/03/04/february-2019-lee-county-florida-foreclosure-report/ from SWFL REIA https://ayda-1941.tumblr.com/post/183228486834
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Free images for Real Estate Marketing
Bloggers and webmasters are always searching for free images for Real Estate Marketing. You can get sued for using copyrighted images in your marketing. In fact, there are companies that lawsuits over their images seem to be their primary source of income. Use the websites below for free images for real estate marketing.
Here is a list of websites for free images for Real Estate Marketing. Feel free to comment if we missed any.
Pexels All photos on Pexels can be used for free for commercial and non-commercial use.
All the free stock offers images listed under the Creative Commons Zero license.
BucketListly Blog A free creative commons (Attribution-NonCommercial) collection of over 8000+ travel photos from all over the world anyone can use.
MMT Stock Photos provides free photos and videos for commercial use.
Kaboom Pics offers free stock photography.
Stockpic offers free stock commercial photos.
Isorepublic features Thousands of Free High-Resolution CC0 Photos and Videos.
Designrushoffer everything you need for your creative projects, all public domain images!
Pexels All photos on Pexels can be used for free for commercial and non-commercial use.
All the free stock offers images listed under the Creative Commons Zero license.
BucketListly Blog A free creative commons (Attribution-NonCommercial) collection of over 8000+ travel photos from all over the world anyone can use.
MMT Stock Photos provides free photos and videos for commercial use.
Kaboom Pics offers free stock photography.
Stockpic offers free stock commercial photos.
Isorepublic features Thousands of Free High-Resolution CC0 Photos and Videos.
Designrush offer everything you need for your creative projects, all public domain images!
Cupcake free original images to use as you want.
IM Free is a curated collection of free web design resources, all for commercial use.
Gratisography the world’s quirkiest collection of free high-resolution pictures, comprised of the world’s best, most creative images – photos you just won’t find anywhere else. All completely free of copyright restrictions.
Lifeofpix has a portfolio of free high-resolution photography.
Picjumbo download free stock photos, backgrounds and images in high‑resolution for personal and commercial use.
New Old Stock is a collection of vintage photos from public archives that are free of copywrite restrictions., as a way to recapture history.
SplitShire there are 1034 free stock photos on SplitShire.
Pixabay has over 1.6 million royalty free stock photos and videos shared by our generous community.
Picography Gorgeous, High-Resolution, Free Photos, That you can use however you like with our free license.
Jeshoots Download my free, unique and high-res thematic photos!
Designerspics FREE Hi-Res photos for your personal & commercial use. Attribution not required!
Travelcoffeebook sharing beautiful travel moments. All photos are listed under cc0.
Moveast (this is a cool website) This is a journey of a Portuguese guy moving that decided that every photo should be used for free. Help yourselves and use them
Startupstockphotos offers free photos for startups, bloggers, publishers, websites, designers, developers, creators, & everyone else.
Unsplash Beautiful, free photos. Gifted by the world’s most generous community of photographers.
Stock Up works by aggregating dozens of free stock photo websites. We only include stock photo websites that explicitly give us permission— in return we link back to their website.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
Subject: Free images for Real Estate Marketing
The post Free images for Real Estate Marketing appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/02/28/free-images-for-real-estate-marketing/ from SWFL REIA https://ayda-1941.tumblr.com/post/183120212189
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5 Red Flags to Avoid When Selecting an Investment Property
Many people choose to purchase an investment property as a way to supplement their income and grow their net worth. It can be hard to be a beginner in the world of real estate investment. One of the most important parts of owning real estate is finding the right property to own. When you’re ready to begin shopping around, there are a few red flags to avoid when selecting an investment property.
Bad Neighbors
If the house is located in an area where gangs are present, or the neighbors are loud, it can be challenging to find someone who is willing to rent the property. Bad neighbors can make the location difficult to live in and can disrupt the peace in the neighborhood. REW explains that you need to research the homes around your potential property. Some homes on the block may also not be maintained well, which can affect the value of the property that you purchase and makes it necessary to do your homework.
Pests
Pests may seem like a minor issue but can become more of an issue over time as they invade the property and are difficult to control. Avoid buying a house that has termites, bed bugs, and other pests that are hard to kill, which can turn into a headache. You’ll end up spending a significant amount of money on pest control services and can have a difficult time keeping tenants in the home.
Foundation Problems
Foundation problems are not only expensive to repair but can affect the structural integrity of the building. Eden Structural Solutions recommends to look for cracks, earthquake proofing, and sinking that may be present. Make it a point to schedule a foundation inspection to ensure that it’s in good condition and doesn’t need to be repaired. You also want to inspect the basement for moisture that may be present, mold, uneven floors, and sagging.
A Sinking Lawn
One of the most common red flags of a home that is on the real estate market is a sinking lawn, which can be expensive to repair and can require a significant amount of work. Legion explains, “most landscaping professionals should be able to tell you whether or not there’s a potential issue with the yard around the property.” There are many common reasons of a sinking lawn, which can include inadequate or non-existent runoff or low-quality building materials.
Tyrannical HOA
It’s important to look for a property that has an HOA to ensure that you can own a home in a great neighborhood that is monitored to ensure that your house doesn’t lose value due to the decisions of other homeowners. Unfortunately, Fowler & St. Clair explain that HOAs can often attract control freaks who impose specific requirements on you, which can end up costing you a lot of money. It’s important to know how to act around HOAs or how to resolve potential conflicts with HOAs. Ask around in advance to determine if the HOA is reasonable or if their requests are unfair so you can decide beforehand if you want to deal with them. Knowing what to look out for when finding an investment property to own can allow you to avoid purchasing the wrong house. You’ll need to be aware of the surroundings and schedule an inspection to ensure that it’s easy to rent out to the right tenants.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: 5 Red Flags to Avoid When Selecting an Investment Property
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The post 5 Red Flags to Avoid When Selecting an Investment Property appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/02/12/5-red-flags-to-avoid-when-selecting-an-investment-property/ from SWFL REIA https://ayda-1941.tumblr.com/post/182759680959
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January 2019 Lee County Florida foreclosure report
Where does the January 2019 Lee County Florida foreclosure report come from?
We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.
Compiled and analyzed by Jeff Tumbarello.
January 2019 Lee County Florida foreclosure report: Trends at a glance.
Lis Pendens:
January 2019: 88 Mortgage related Lis Pendens.
December: 2018: 98 Mortgage related Lis Pendens.
January 2018: 51 Mortgage related Lis Pendens.
Certificates of Title:
January 2019: 76 Certificates of Title were conveyed.
December 2018: 33 Certificates of Title were conveyed.
January 2018: 87 Certificates of Title were conveyed.
youtube
January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2015.
January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2013.
January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2007.
January 2019 Lee County Florida foreclosure report: Foreclosure filings by year originated for January 2017.
January 2019 Lee County Florida foreclosure report: Deeds transferred via a Certificate of Title since 2015.
January 2019 Lee County Florida foreclosure report: Deeds transferred by Certificate of Title Since 2007.
January 2019 Lee County Florida foreclosure report: Notes.
The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
the disruption from Hurricane Irma passed.
The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
The current filings appear to be the following factors.
Old Modifications that are now going bad. (2005-2007)
New Low money down builder transactions. (2016-2018)
“Normal” Distressed Situations.
Probates where a mortgage was involved. (2005-2007)
Storm Damaged houses.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: January 2019 Lee County Florida foreclosure report
The post January 2019 Lee County Florida foreclosure report appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/02/11/january-2019-lee-county-florida-foreclosure-report/ from SWFL REIA https://ayda-1941.tumblr.com/post/182748043174
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2019 market outlook for Lee County
The 2019 market outlook for Lee County was presented by Jeff Tumbarello, Broker of Steelbridge Realty at the South West Florida Real Estate Investment Association general meeting in January 2019.
About the presentation:
Data from MLS (exported 1/14/2019 9:26 AM) and public records.
Trended with Microsoft Excel.
Unless otherwise stated, charts contain all Residential assets.
The information was prepared for the use of Steelbridge Realty and shared at the meeting.
youtube
Click here for the slides presented at the meeting 2019 Market Outlook for Lee County
2019 Market Outlook for Lee County: What happened in 2018?
December 2018 statistically was a very bad month, 2018 statistically was a great year in spite of that.
Let’s talk about the December 2018.
In my opinion, the stock market correcting was a few things:
Wall Street traders are/were reallocating for a cyclical bear market.
They did this because of Fed Bank rate hikes.
When the prime lending rate breaks 5.5%, we generally have a recession in 9 to 18 months.
Our leverage structure as a result of the aftermath of 2008 is different than in previous cycles.
High-Frequency trading went wild as a result.
The Plunge Protection Team Gone got involved.
2019 Market Outlook for Lee County: Year over year metrics 2017 versus 2018
2017
2018
% Difference
Sales Volume
$5,584,071,334 $6,164,000,697 10.39% Sales Counts 19,453 20,649
6.15%
Average Price
$287,055 $298,513
3.99%
Median Price $219,998 $227,900
3.59%
2019 Market Outlook for Lee County: Year over year metrics
December 2017 versus December 2018
2017 2018
% Difference
Volume
$449,669,822 $415,682,106 -7.56% Counts 1,650 1,336
-19.03%
Average
$272,527 $311,139 14.17% Median $218,000 $230,000
5.50%
The drop in sales volume and sales counts is troubling. From media reports (we need to be skeptical of anything reported that has not been verified) this was a National “thing”.
2019 Market Outlook for Lee County: Sales by Year Built
There is a seesaw going on in the market between resales and new construction. Right now new construction is offering a quality product at a slightly higher price. From our experience, the consumer is recognizing the value and will to pay that premium.
This Chart shows December 2018 versus December 2018.
Notice how the reduction in sales counts was across the board of all the years built, this indicates a market issue not an asset class issue.
2019 Market Outlook for Lee County: Sales Count Patterns
Almost every December shows a higher sales count in December versus November. That did not happen in December of 2018.
2019 Market Outlook for Lee County: Bubbles of sales activity by price
The bubbles of sales activity by price showed the market is essentially the same year over year with the difference in price. This is essentially inflation. Below, is the chart for December 2017 versus December 2018.
The difference in the bubbles of activity by price in December 2017 versus December 2018 is apparent. It is also across the board.
2019 Market Outlook for Lee County: Metrics by the City
This is the entire year versus the entire year.
By City % Difference
Year Over Year
% Difference Year Over Year
Sales Volume
Counts
Average Price
St. James City
19.76% 19.35%
0.34%
Sanibel
23.66% 15.09% 7.44% Punta Gorda 18.51% 14.29%
3.70%
North Fort Myers
10.61% 9.74% 0.79% Miromar Lakes 20.27% 22.54%
-1.85%
Lehigh Acres
9.81% 0.47% 9.29% Fort Myers Beach 3.98% 7.53%
-3.30%
Fort Myers
11.33% 7.05% 3.99% Estero 14.89% 12.25%
2.35%
Captiva
8.01% -14.10% 25.75%
Cape Coral
7.28% 3.71%
3.44%
Bonita Springs
4.40% 5.52% -1.06% Bokeelia 1.84% -0.89%
2.76%
Alva
37.11% 28.03%
7.09%
Here is December 2017 versus December 2018.
December vs December % Difference
Year Over Year
% Difference Year Over Year
Volume Counts
Average Price
St. James City
-0.51% 0.00% -0.51%
Sanibel
-10.31% -20.83%
13.29%
Punta Gorda -4.08% 11.11%
-13.68%
North Fort Myers
-17.00% -28.87% 16.68%
Miromar Lakes
-18.96% 40.00% -42.11% Lehigh Acres -15.79% -18.54%
3.37%
Fort Myers Beach 21.64% 23.53%
-1.53%
Fort Myers
-16.59% -19.54% 3.67% Estero 15.48% -11.54%
30.54%
Captiva
-30.60% -50.00% 38.79%
Cape Coral
-25.50% -28.85% 4.70%
Bonita Springs
49.96% 5.98%
41.49%
Bokeelia
45.72% 10.00% 32.47% Alva 70.63% 20.00%
42.19%
2019 Market Outlook for Lee County: Pricing
2019 Market Outlook for Lee County average pricing since 2009.
2019 Market Outlook for Lee County average pricing since 2015.
The trendline shows growth more in line with inflation than an external growth pattern.
2019 Market Outlook for Lee County: Sales counts by property type
Sales Counts by Property Type
2017
2018
The difference by % year over year.
Single Family
12,519 13,295
6.20%
Villa Attached 811 884 9.00% Low Rise (1-3) 3,466 3,643
5.11%
Mid Rise (4-7)
709 778 9.73% Townhouse 742 738
-0.54%
High Rise (8+)
522 522 0.00% Manufactured 587 702
19.59%
2019 Market Outlook for Lee County: Pricing by property type
Average Price 2017 Average Price 2018
The difference by % year over year.
Single Family
$319,728 $335,470 4.92%
Villa Attached
$207,076 $222,212 7.31%
Low Rise (1-3)
$206,005 $209,948 1.91% Mid Rise (4-7) $266,539 $263,556
-1.12%
Townhouse
$187,575 $195,226 4.08% High Rise (8+) $512,338 $526,010
2.67%
Manufactured
$106,816 $110,881
3.81%
2019 Market Outlook for Lee County: Cash sales metrics
2017 2018 The difference by % year over year.
Number of cash sales
7,988 8,306
3.98%
Cash % 41.06% 40.22%
-2.04%
2019 Market Outlook for Lee County: Distressed sale metrics
2017 2018 The difference by % year over year.
Bank Owned
630 454 -27.94%
Bank Owned %
3.24% 2.20%
-32.11%
Short Sale
100 79 -21.00% Short Sale % 0.51% 0.38%
-25.58%
Total Distressed 3.75% 2.58%
-31.22%
2019 Market Outlook for Lee County: Waterfront/Gulf Access metrics
2017 2018
The difference by % year over year.
Gulf Access Counts
2764 2797 1.19%
Gulf Access % of sales counts
14.21% 13.55%
-4.67%
Waterfront Sales Counts
6620 7028 6.16% Waterfront % of sales counts 34.03% 34.04%
0.01%
2019 Market Outlook for Lee County: Supply and demand overview
As of 1/16/2019 @2:31 PM we have 6.11 months Inventory for Lee County Residential Assets listed in the MLS.
2019 Market Outlook for Lee County: Inventory by City
City
Active listings # of Sales in the last 12 months 12-month burn rate
Number of months inventory
Lehigh Acres 746 2143 179
4
Cape Coral
2613 5846 487 5 Fort Myers 3144 6651 554
6
Alva
80 164 14 6 North Fort Myers 531 1073 89
6
Estero
807 1425 119 7 Bokeelia 67 108 9
7
Matlacha
21 32 3 8 St. James City 125 179 15
8
City
Active listings # of Sales in the last 12 months 12-month burn rate
Number of months inventory
Bonita Springs
1199 1710 143 8 Punta Gorda 51 72 6
9
Fort Myers Beach
363 465 39 9
Miromar Lakes
74 80 7
11
Sanibel 343 347 29
12
2019 Market Outlook for Lee County: Inventory by Zip Code
Postal Code
Active listings annual sales counts monthly absorption Months of inventory
33972
104 350 29 4
33971
151 504 42
4
33976
114 335 28 4 33907 159 447 37
4
33905
224 615 51 4 33991 302 828 69
4
33974
121 330 28 4 33909 322 878 73
4
33973
22 58 5 5
33990
266 693 58
5
33967
219 526 44 5 33936 236 563 47
5
33919 462 1102 92
5
33917
286 631 53 5 33966 167 366 31
5
33914
726 1517 126 6 33928 512 1052 88
6
33913
478 970 81 6 33901 194 388 32
6
33904
558 1103 92 6
33912
355 661 55 6
33993
468 861 72
7
33903
248 447 37 7 33916 220 389 32
7
34135
832 1389 116 7 34135 832 1389 116
7
33908
816 1355 113 7 33922 67 109 9
7
33956
126 179 15 8 33955 51 72 6
9
33931
366 468 39 9 34134 569 581 48
12
33957
341 346 29 12
34119
24 24 2 12
34110
29 24 2
15
In real estate, any market with less than 6 months is considered to be a “seller’s market”. When the inventory is over 6 months it is considered to be a “buyers market”.
2019 Market Outlook for Lee County: Distressed market update
The negative price pressure from the last cycle was driven by distressed sales. This was the aftermath of a mania. We prepare a report each month about this, here is a link to the December 2018 Lee County Florida foreclosure report.
A word of caution about listening to Real Estate Agents who speak on their production.
Most agents can not see past their own financial status.
There are a lot of agents right now. These are only Residential sales in the MLS.
–7,088 Agents had at least a closing in Lee County for 2018.
–4,932 Agents had at least 2 closings in Lee County for 2018.
–1,143 Agents had at least 10 closings in Lee County for 2018.
–345 Agents had at least 20 closings in Lee County for 2018.
Trends to Watch
2018 was pretty awesome across the mean.
3 months had more than 2,000 sales!
That may be hard to beat.
Is almost all of the new construction trading outside of MLS or do we lack truly lack inventory?
There are 153 homes with a year built 2017 and newer, that are active as of 1/16/2019.
843 have sold in the last 365 days.
That is 2.17 months inventory.
2019 Market Outlook for Lee County: Cape Coral Single family Building permits
2019 Market Outlook for Lee County: Outlook for the retiree markets
2019 Market Outlook for Lee County: Possible overleverage points (These are national Stats here)
This is for commercial and industrial debt as reported by the Federal Reserve bank. Notice the growth since the last cycle.
This chart shows the growth of residential debt, notice at the time of this chart, it has not surpassed the levels of the last cycle. I not saying it will not correct in the next correction but this is illuminating as to potential levels and intensity of correction.
2019 Market Outlook for Lee County: In conclusion
2018 was a great year from a statistical perspective.
It may be tough, just by the sheer numbers, to beat that year.
In 2016, all of the economic talking heads were calling for a recession 2 years out. In 2018, they were saying the same thing. At some point, it has to happen.
We have 2 different economic trends happening in real estate. The Baby Boomer generation retirement and the Millenial/Gen Z coming of age. Each will have different and specific impacts on the market.
This market does not share the same modalities of the 2006 crash. If and when a correction happens, it will be different in intensity and duration. Using the last correction as a playbook can be problematic.
December 2018 was pretty awful from a statistical point of view, January 2019 appears to be on the same path from a year over year perspective. Is this a trend or just the economy playing wait and see with the Macro pictures trials and tribulations?
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: 2019 market outlook for Lee County
The post 2019 market outlook for Lee County appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/01/28/2019-market-outlook-for-lee-county/ from SWFL REIA https://ayda-1941.tumblr.com/post/182382052239
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Blockchain Technology for real estate?
Blockchain Technology for Real Estate can and will revolutionize real estate at some point in the future. To be honest it is already beginning. Real estate is one of those industries that has been slow to adopt new technologies.
Blockchain is the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. It has no transformed into many things.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” Don & Alex Tapscott, authors Blockchain Revolution (2016)
Imagine a ledger that is backed up thousands of times across a network of computers. The network is constantly updating this as a well.No centralized version of this information exists to be stolen, hacked or corrupted.
Blockchain Technology for real estate has the ability to be robust.
Blockchain Technology for real estate will store blocks of information that are identical across its network, blockchain cannot be controlled by any single entity. In that way, it has no single point of failure and is not controlled by a single entity.
Blockchain Technology for real estate: A new type of MLS.
Imagine a system for selling and renting that is open source, free and maintained by the users? This would be a major economic disruption in the real estate ecosystem. Factor that most of the aggregator sites are now owned by a few groups for profit.
Blockchain Technology for real estate: Transparency.
A blockchain network functions in a state of consensus and is one that in automation updated itself every ten minutes. Transparent data is embedded within the network as a whole, by defaults public knowledge.
Blockchain Technology for real estate: Decentralization.
The network operates on a user-to-user (or peer-to-peer) basis and not located on any one central point. The diversification of the data held in the blockchain inherently makes it more secure.
It is the new web 3.0. Here are some startups on the edge of this.
Blockchain Technology for real estate: The Etheera project.
The Etheera project was established initially in 2017 by IZ Immobilien Kriens GmbH. The IZ Real Estate Kriens GmbH is a Swiss-based company that is active in the real estate field since 2013
Blockchain Technology for real estate: Wealth Migrate.
Wealth Migrate is a growing and trusted leading global real estate investment marketplace which gives investors direct access to exclusive real estate investment opportunities in premier markets. In simpler terms, we help you create your wealth through access to curated global real estate investments.
Blockchain Technology for real estate: The LendingCoin
The LendingCoin is a revolutionary fin-tech corporation committed to generating high-quality commercial real estate and securing preferred positions in economically inclusive housing opportunities.
Blockchain Technology for real estate: Bee Token.
We Are Reinventing the Home Sharing Economy Our team is an experienced and talented group of former employees from Google, Facebook, Uber, and Civic. We’re building a middleman free, peer-to-peer network of hosts and guests on the decentralized web. Click here to read their whitepaper
Blockchain Technology for real estate: DYVARE.
DYVARE is a blockchain platform that aims to democratize access to real estate assets that are currently only available to qualified investors. We are able to do this by eliminating middlemen and by creating a more efficient and transparent real estate investment process.
Blockchain Technology for real estate: Rentberry.
Rentberry is a transparent rental application and price negotiation platform uniting tenants and landlords. It automates all the standard rental tasks from submitting personal information, customer offers and eSigning rental agreement to sending maintenance requests. Welcome to the Rentberry neighborhood – where new tenants are moving in every day!
Blockchain Technology for real estate: Dashing.
Dashing is a home services platform that uses blockchain technology to create an ecosystem where homeowners and service providers can trust one another through automated dispute resolution, unalterable reviews, and token voting.
Blockchain Technology for real estate: ShelterZoom.
ShelterZoom delivers the most transparent, secure and efficient way for buyers, sellers, renters, and agents to make an offer or submit a rental application within minutes through any participating affiliates’ websites.
Blockchain Technology for real estate: CPROP.
CPROP was formed by serial entrepreneurs with backgrounds in commercial and residential real estate, as well as technology and finance, who recognized the power of blockchain to improve the quality of data in the real estate industry. Real estate is a data-intensive industry with large capital flows that has historically lagged in technology innovation and adaptation as compared to other data-intensive industries
Blockchain Technology for real estate: Imbrex.
imbrex is founded on the principle that the real estate industry should be in control of its proprietary data. Listing agents should have direct access to their leads and exposure on a global real estate network.
Blockchain Technology for real estate: Propy.
Propy is a global real estate marketplace with decentralized title registry. We aim to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Propy allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on blockchain to facilitate transactions. We provide a network for these actors to connect with each other and conduct real estate purchases online. The culmination of the transaction is a digital transfer of ownership on the Propy Registry. For more information about these processes and smart contracts, please refer to our white paper.
Blockchain Technology for real estate: BitRent.
BitRent is the first blockchain platform meant to attract commercial and residential property investments at an early stage of construction in order to gain maximum profit by selling and renting out the acquired property.
Blockchain Technology for real estate: BitOfProperty.
BitOfProperty allows investors to invest in real estate by purchasing BITS, which represent ownership of the listed rental properties. One BIT can be as low as €50. BITS have similar characteristics as dividend stocks, which means that investors will earn monthly rental income and take advantage of real estate price increase proportionally to their investment amount.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: Private real estate investors
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Private real estate investors demystified.
Private real estate investors make money from renting, buying and selling real estate, most people will start by searching for information on the interwebs. That includes searching for mortgage information and potential properties. If you want to make huge profits or simply make a living in the property market, you will have to consider the factors that surround the real estate industry. Here are a few tips to start with.
Private real estate investors- Make a plan.
To be successful in the Real Estate Investing world, you have to start with the fundamental part – creating a plan. By failing to plan for every detail, you will end up losing some of your hard-earned money in the long term. Figure out the type of markets you want to invest in – such as commercial, single family homes or multi-family residences. A plan will make your work easier in the housing industry.
Private real estate investors- Engage a professional in the planning stage.
In addition to making the plan, you have to engage a professional in the planning part. Someone who has existed in the housing market world for many years will easily identify the key details you might be missing and guide you throughout the process. If you have already completed the planning stage, they will tell you whether the plan will work or not.
Private real estate investors – You should be ready to persevere when investing in the real estate world.
When investing in the real estate world, you should be ready to handle any unexpected scenario regardless of what happens in the long term. The process can be frustrating. With many deals falling out, most people end up leaving the whole process. Keep in mind that not everything is likely to go according to your plan and that happens to everyone. Do not give up.
Private real estate investors – Start small and expand your portfolio slowly.
When investing, you should be ready to start small and expand your portfolio slowly. That is what every professional will tell you. By investing in large projects, you will not have the experience to care for every deal. As an investor, you should be able to create a list of the tasks to accomplish each day. That way, you will avoid falling behind or missing out critical components.
Private real estate investors – Do anything you promise to do.
Your target customers will expect you to do anything that you promise to do, particularly in the housing industry. If you promise to buy a property, you should be ready to do that. That will provide you with more credibility in the housing market after you follow through anything that you tell people.
Private real estate investors – Arrive on time to the scheduled appointments
If you arrive late to any of your scheduled appointments with contractors, sellers, buyers or any other person, you will lose credibility faster. As an investor, you should always be the first person on the site because your business will be on the line. If you happen to arrive late, the people will not want to do any businesses with you in the future. You should respect the people you are dealing with each time.
When planning to invest in the real estate market, you should do more research relating to the mortgage rates before you jump into any housing market. Failure to develop a solid plan will result in a loss of money if the deal does not go how you had planned. Each investor goes to bed and wakes up thinking of the properties and deals they are planning to put together. If you are ready to start earning by buying and selling properties, you will have to sacrifice several things in your day-to-day life. That way you will succeed.
Private real estate investors – SWFL REIA is the place to be.
The SWFL REIA is a leading source of information relating to real estate and networking. SWFL REIA is different from the others in the real estate market in that they do not sell information products. They organize meetings that are rich in content to help investors share their experiences with others.
The organization has been gathering data relating to foreclosures and the housing market in addition to analyzing it. The analysis and the trend reporting are some of the factors that have made it an expert source of information for the media. It has also set standards on the trends and analysis of the housing markets.
The members are real estate agents, real estate investors, insurance agents, title agents, property managers, property owners, hedge fund managers, wholesalers, note buyers, rehabbers, bulk asset purchasers and probate investors.
How the SWFL REIA can benefit you when investing?
If you are a beginner in the real estate world, hanging out with the local investors will come with many benefits. SWFL REIA meetings cover important topics such as distressed properties, natural disasters effects on property investments and the best way to maximize your profits in the investment world.
Anyone can register to become a member as a couple, individual, or corporation. After becoming a member, you will open doors to more networking opportunities, advice from members with many years of experience, more investment ideas from the members with many years of experience in addition to many deals and contracts completed in the meeting rooms.
Even though you should not expect to get rich overnight after investing in the real estate industry, real estate is a preferred method of investing because it will provide good returns in the long term and cushion you from inflation. However, you will need more money to start making money.
Private real estate investors – Conclusion.
You can buy your first real estate property in various ways. You can use debt financing by taking a mortgage. Use of debts has been attracting most real estate investors because it allows them to buy properties that they could not otherwise afford. But before going for any debts, you should keep in mind that it can be dangerous. In the failing markets, regular payments and interest expense can drive you into bankruptcy if you are not careful.
The key difference between rental properties and other types of investment in the work and time you will have to devote to maintaining the property investment. If you buy stock, it will rest in the account of your broker and increase or lose value. Property investment will come with many responsibilities.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: Private real estate investors
The post Private real estate investors demystified. appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/01/23/private-real-estate-investors/ from SWFL REIA https://ayda-1941.tumblr.com/post/182245367839
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Airbnb-powered apartment complex
Based on the success of AIRBNB Real Estate Investing an Airbnb-powered apartment complex seems to be a logical next step. That is happening throughout the country now.
The financial benefits of operating short-term rentals are appealing to certain real estate investors, but also to professional or institutionalized property investors. A hybrid operation of some annual and some short term makes sense for bigger apartment complexes in the right locations.
Airbnb-powered apartment complex: Newgard Development Group.
Airbnb announced a $200 million investment to bring the home-sharing company’s branded apartment project to cities across the U.S. Miami-based Newgard Development Group is partnering with Airbnb to do this. Niido, a 324-unit building just outside of Orlando in Kissimmee, will feature hotel-like amenities and encourage tenants to sublease their spaces online. In a Niido Powered by Airbnb building, tenants are encouraged to rent out their units on Airbnb and, in return, their landlord (Niido/Newgard) collects a 25 percent commission whenever they short term lease their unit. Like most new concepts in the economy, they have encountered some friction along the way. To make a historical point, a lot of people were against the motor car versus horses.
Airbnb-powered apartment complex: Niido Nashville.
youtube
Niido Nashville features resort-style services and amenities including an on-site MasterHost, resort-style pool, and much more.
Airbnb-powered apartment complex: Niido Orlando.
Niido Orlando is built on 12 acres, it was the first Niido Powered by Airbnb community, it includes 324 luxury apartment homes. Niido Orlando is located minutes from Disney World.
Airbnb-powered apartment complex: Management challenges.
Insurance, what coverage do I need?
Managing bad reviews.
Housekeeping and clean up.
Systems and protocols for demanding guests.
Finding the property software to manage Short Term Rentals
Maintaining an accurate and synchronized calendar.
Understanding and complying with local regulations and collection of the required taxes.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Subject: Airbnb-powered apartment complex
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from SWFL Real Estate Investing https://swflreia.com/2019/01/21/airbnb-powered-apartment-complex/ from SWFL REIA https://ayda-1941.tumblr.com/post/182194957424
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December 2018 Lee County Florida foreclosure report
Where does the December 2018 Lee County Florida foreclosure report come from?
We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.
Compiled and analyzed by Jeff Tumbarello.
December 2018 Lee County Florida foreclosure report: Trends at a glance.
Lis Pendens: December: 2018: 98 Mortgage related Lis Pendens November 2018: 102 Mortgage related Lis Pendens December 2017: 34 Mortgage related Lis Pendens
Certificates of Title: December 2018: 32 Certificates of Title were conveyed. November 2018: 41 Certificates of Title were conveyed. December 2017: 59 Certificates of Title were conveyed.
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December 2018 Lee County Florida foreclosure report: Charts.
December 2018 Lee County Florida foreclosure report: Notes.
If you are looking for a reason to project a downturn in the market. The foreclosure filings currently do not provide that.
The lack of Certificate of Title Growth shows that the market has improved to the point
The trend from the Irma disruption has returned to “normal” (that is the worst word to ever use in relation to real estate stats…)
The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
The current filings appear to be the following factors.
Old Modifications that are now going bad. (2005-2007)
New Low money down builder transactions. (2016-2018)
“Normal” Distressed Situations.
Probates where a mortgage was involved. (2005-2007)
Storm Damaged houses.
December 2018 Lee County Florida foreclosure report: Lis Pendens Counts.
WELLS FARGO BANK N A
9 9.18%
BANK OF AMERICA N A
7
7.14%
NATIONSTAR MORTGAGE LLC
4
4.08%
U S BANK NATIONAL ASSOCIATION 4
4.08%
BANK OF AMERICA NA
3
3.06%
BANK OF NEW YORK MELLON BANK OF NEW YORK TRUSTEE
3
3.06%
CALIBER HOME LOANS INC
3 3.06%
NATIONSTAR MORTGAGE LLC
3
3.06%
BAYVIEW LOAN SERVICING LLC 2
2.04%
FREEDOM MORTGAGE CORPORATION 2
2.04%
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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<br /><br /><br /><br /><br /> <a href=”https://podio.com/webforms/14767275/1032613″ target=”_blank”>Please fill out the form</a><br /><br /><br /><br /><br />
Subject: December 2018 Lee County Florida foreclosure report.
The post December 2018 Lee County Florida foreclosure report appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2019/01/07/december-2018-lee-county-florida-foreclosure-report/ from SWFL REIA https://ayda-1941.tumblr.com/post/181820782539
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AIRBNB Real Estate Investing
AIRBNB Real Estate Investing is increasingly becoming a topic of discussion at SWFL REIA meetings.
While this is a new addition for real estate investing. You must be mindful to still ground yourself in the basics and not reach for an asset because of this “new” way to gain tenants.
AIRBNB Real Estate Investing: Location, Location, Location.
The mantra “location, location, location” is even truer in short-term vacation rental ownership. Certain areas attract long-term renters, certain areas attract short-term renters. Short Term rentals are popular with tourists and tourist destination.
AIRBNB Real Estate Investing: Examine the local ordinances and rules.
Lee County and the State of Florida collect taxes on short-term rentals. Short-term rentals are defined by the Florida Department of Revenue as periods less than 185 consecutive days or six calendar months, whichever is less.
Make sure you:
Register with the appropriate government agencies.
Collect sales tax from short-term renters. sales tax is collected from guests upon payment. However, the Florida Department of Revenue places the legal responsibility for this tax revenue squarely on the shoulders of the host. Failure to collect tax from guests means the host will need to pay the tax or recoup the tax revenue from the guests.
File sales tax returns. Failure to file Florida state and local sales tax returns on time may result in late fees, interest payments, and in extreme cases, legal action.
Most local governments have laws specifying how a home can be used. Before renting out your home, be sure to review city zoning and planning codes.
Homeowner Associations (HOA) located in Florida may have specific rules regarding vacation rentals as dictated in the Home or Condo Association documents.
AIRBNB Real Estate Investing: Make sure the property works as a long-term rental as well.
This is critical because the business ebbs and flows, and consumer demand could change. Hedging yourself against market changes is important. The only constant for Real Estate Investing in change.
SWFL REIA is dedicated to helping members make profitable and well-thought-out residential investment choices via our content-rich meeting and collaboration with like-minded investors.
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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from SWFL Real Estate Investing https://swflreia.com/2019/01/04/airbnb-real-estate-investing/ from SWFL REIA https://ayda-1941.tumblr.com/post/181710959779
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Investing in Real Estate Rentals
Investing in Real Estate Rentals: You Can Gain Wealth.
If you’re looking to amass a fortune during your lifetime, real estate investing is a smart option. By investing in real estate rentals, you and your loved ones can enjoy the peace of mind knowing that you’re investing in something tangible and within your control. Unlike stocks and bonds, where some CEO is making decisions using your investment dollars, real estate rentals investing gives you the power of its success or failure. To get started, here are some things you should know about investing in real estate rentals.
Investing in Real Estate Rentals: How to Determine a Good Rental Property
In order to ensure maximum occupancy rates and cash flow, it’s important to know how to determine a good rental property. There are several things to consider whenever you’re deciding where to buy a property for your rental profile.
1. Local Amenities
Prospective tenants look for local amenities, so you should look for the same in your rental properties. Amenities such as nearby parks and playgrounds, local coffee shops and grocery stores are positive signs. If there is a neighborhood watch program, street lamps or a nearby police station, these amenities can be highlighted when you advertise the property for rent.
2. Good Schools
If you’re hoping to attract families for your rental, try to buy in areas with good school ratings. And, as you may know, families with children tend to rent long-term instead of moving around frequently.
3. Opportunity For Cash Flow
If you’re hoping to generate some cash flow from your rental in addition to the appreciation value, you should factor that in when you decide whether or not to buy a rental property. Factor in any monthly costs you’ll incur, such as property management fees or utilities. Even if you only generate a few hundred dollars in positive cash flow, that can make it worth it to invest in that rental property.
Investing in Real Estate Rentals: Investment Strategy
One of the most popular rental property investment strategies is the BRRR method. BRRR stands for buy, renovate, rent, refinance. It’s popular because it works. The best thing is, you can use this method on any rental property, even if it’s a C or D class property. With the BRRR method, you improve a distressed property by rehabbing it. You then rent it out at market rates. Since the property is now worth considerably more than what you paid for it, you can then have it refinanced and pocket the difference. With the extra cash, you can make a down payment on a second property, use the BRRR method on that property, and so on. This rental property investment strategy is a great way to get in on the real estate market from the ground floor and work your way up to owning multi-family real estate properties some day.
Investing in Real Estate Rentals: Tax Deductions on Real Estate Rentals
Once you own your first real estate rental property, you’ll be able to benefit from many tax deductions you’re entitled to. For example, you can deduct property management fees, property repair expenses, advertising fees, and any software you have to subscribe to in order to efficiently run your real estate investment operation. These deductions help to offset the profits you make from your real estate rentals, as well as other income you receive from other sources. There are lots of tax deductions to know about, so the smart thing is to hire a tax professional who is experienced with real estate investing. This will ensure that your deductions comply with all the tax regulations. It will also help make sure that you get to take advantage of every single deduction you’re allowed to take.
Investing in real estate rentals is a great way to set you and your family up for financial success. Real estate has always been a sound investment, but when you educate yourself and use smart real estate strategies, you stand to make larger gains. The best piece of advice for real estate rentals investments is to surround yourself with a trusted team that can help educate you and support your goals
SWFL REIA is dedicated to helping members make profitable and well-thought-out residential investment choices via our content-rich meeting and collaboration with like-minded investors.
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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Multi Family vs Single Family Investment
Multi Family vs Single Family Investment: Which Is the Right Real Estate Investment for You?
Real estate investment is a reliable way of diversifying your investment portfolio. The right residential real estate investment option depends on your long-term financial objectives and the time you’re willing to dedicate to managing and maintaining the property.
However, once you’ve decided to invest in real estate, you’ll need to make some tough decisions. One primal question is, multi family Vs Single Family investment, which will work best for you? Multi family and single family investments are appealing to real estate investors based on investing preferences and personal finances. Here is a detailed look at the differences in the two investment options – Multi Family Vs Single Family Investment – to help you make an informed investment decision.
Multi Family vs Single Family Investment: Multi Family Investment
The multi family investment option presents you a more reliable source of income. It’s generally assumed that multi family homes are more beneficial than single family homes. For example, while multi family units will rarely become completely unoccupied, owners of single family homes can go for months without generating any income when their units are vacant. Moreover, the multi family homes tend to be cheaper than the single family units, and thus fill up faster.
As a first-time investor in real estate, you can purchase a multi family home and save money by living in one of your units. Living on your property will also help you reduce the extra costs associated with management and maintenance of the property.
You can own multiple multi family units with fewer mortgage loans compared to single family properties. For example, an investor who has purchased five single family properties will be required to obtain five separate mortgages. He/she will also be required to make five monthly payments, five insurance payments, and five quarterly property tax payments.
The process of applying and paying for five separate mortgage loans is not only time-consuming but also frustrating. On the other hand, if you invest in a five-unit apartment building, you’ll only deal with one mortgage loan, one property insurance, and one property tax.
Multi Family vs Single Family Investment: Single Family Investment
One of the biggest advantages of investing in single family homes is the potential to purchase a property below the fair market value. The strategy means that profits can be made and lost when the properties are being sold. As an investor, you gain equity in the percentage below market value from day one.
For example, if the worth of a single family home is $100,000, but you purchase it for 80% of the market value, you gain 20% percent equity as soon as you make the purchase. Meaning, you will pay $80,000 and gain a $20,000 equity stake in the single family home.
In addition, multi family homes are less available in many areas. Hence, they are sold above their current market value. The multi family home sales prices tend to remain above the current market value due to the prospect that future improvements or remodeling projects will lead to higher rents.
High-end single family homes occupied by qualified tenants have a lower turnover compared to multi family homes. The cost of managing a residential real estate property is based on the tenant population along with management logistics.
Therefore, in such elegant single family homes, renters who view their living conditions as permanent will have a sense of pride in maintaining where they live themselves. As a result, the investor will incur lesser maintenance costs and repairs. Single family tenants normally don’t outgrow their living spaces quickly enough because they enjoy additional bedrooms, basement, and a backyard.
Multi Family vs Single Family Investment: The Bottom Line?
There are differences in multi family vs single family investment in residential properties in the SWFL area. SWFL REIA is dedicated to helping members make profitable and well-thought-out residential investment choices via our content-rich meeting and collaboration with like-minded investors.
Members benefit from exceptional networking and educational investment materials so they can either invest in multi family or single family properties. Those who seek to build a balanced investment portfolio can also combine multi family and single family investment approaches. The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
youtube
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon! Click here for membership information
Get our meeting notices and market data emailed to you.
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<br /><br /><br /><br /><br /> <a href=”https://podio.com/webforms/14767275/1032613″ target=”_blank”>Please fill out the form</a><br /><br /><br /><br /><br />
The post Multi Family vs Single Family Investment appeared first on SWFL Real Estate Investing.
from SWFL Real Estate Investing https://swflreia.com/2018/12/21/multi-family-vs-single-family-investment/ from SWFL REIA https://ayda-1941.tumblr.com/post/181294966674
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