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Should you become a house flipper?
Should I Become A House Flipper?
We've all seen a home improvement show on TV that features a charming couple or set of friends that buy a run down home, turn it into a spectacle, and sell it for a profit. While this type of reality TV provides us with a glance into the life of a house flipper, these hour-long episodes, unfortunately, do not paint the entire picture of what it takes to be successful at house flipping. If you have thought about becoming a house flipper, but you are unsure if it is for you, continue reading. This article will provide you with a few things to think about before deciding to flip houses, as well as some tips for success if you do decide to venture down this path.
Things To Consider Before Becoming A House Flipper
1. It Isn’t As Easy As It Looks
Flipping a house is no easy task. You will need a group of friends or a trusted group of contractors to help you flip a house in a timely and cost-effective manner. In addition to partnering with trusted contractors, you will need to have an established relationship with a home inspector who can point out things that need to be fixed, as well as a relationship with a local realtor who can negotiate the best price for you. Remember, when it comes to flipping a house, you are only one piece of the puzzle. Being a jack of all trades is impossible.
2. It’s All About The Buying Price
To make a profit flipping houses, you will need to know what the house will sell for once it has been fixed up. Only then will you know how much you can offer the seller.
3. Cash Is King
Dabbling in real estate is expensive. While you can get financing for investment properties, you will pay more as an investor. Even if you have A+ credit, your interest rates will be a couple of percentage points over the best mortgage rates available on the market. Also, some lenders will only finance 65% of the home if they know it is an investment property. Thus, the most successful home flippers use cash to purchase the homes they plan to flip.
4. Flipping Is Time Consuming
One mistake many people make when getting into house flipping is under-estimating the amount of time it will take to flip a house. Due to this, many new flippers get in over their heads and end up losing money. Before you decide to flip houses, you must understand that flipping a home can take months to complete. Thus, if you do not have a secondary source of income, you may run into issues when trying to keep up with your other financial obligations.
5. Flipping Houses Requires Patience
Home Improvement shows often leave out many of the struggles a flipper deals with on a regular basis. It takes time to wait for the right property to flip. Common problems many new house flippers run into is rushing into purchasing a house or hiring the wrong contractor. Making a profit on flipping a home requires a tremendous amount of patience for all of the pieces to come together.
6.. You Need The Right Knowledge
Becoming a successful house flipper requires more than a basic understanding of real estate. To be successful at flipping houses, you need to be able to locate properties in the right neighborhood and at the right price. Not being educated could result in significant profit loss.
Tips To Being A Successful House Flipper
So, you've decided that flipping houses are something you want to pursue? We've got some tips to help you be successful!
1. Don’t do the work yourself. Remember, work smarter not harder.
2. Never skimp out on an inspection. Failing to inspect before purchasing a house could result in a substantial monetary loss.
3. Don't over-improve. Make sure the improvements you are making on a property are in-line with the property value and features of other homes in the neighborhood.
4. Add special touches that don't break the bank. Some of the most successful house flippers utilize materials from the demolition to create unique and chic features.
5. Sell quickly. Remember, every day the house sits on the market you lose money. Make sure to always list the property for what it’s worth, not what you put into it.
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Digital real estate platform Home61 raises $4 million, including investment from Founders Fund Home61, a digital real estate platform that started in Miami in 2015, plans to expand its operations into new cities after raising $ 4 million, including an investment from…
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Founders Fund backs Home61, a real estate platform for ... - http://bit.ly/2y4Nkk1 - #Backs, #Estate, #Founders, #Fund, #Home61, #Platform, #Real, #Tech
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Miami’s Best Pumpkin Patches
While the leaves aren’t going to be changing color any time soon in South Florida, we’re in the pumpkin spice latte and Octoberfest mood. The first day of Autumn means Halloween, fall decor, and Thanksgiving are just around the corner. If you’re ready to find the best pumpkin in town, we’ve got you covered with Miami’s best pumpkin patches.
1. Pinto Farm’s Pumpkin Patch
This family owned and operated farm is situated in Miami’s countryside (and we don’t mean the Everglades). The pumpkin patch is open from September 30th-November 4th. The pumpkin patch features pedal boat rides, pony rides, a race track, and unlimited tractor rides. Hours do vary, call for up to date information: 305-258-6067
2. Coconut Grove’s Pumpkin Patch Festival
This festive gathering is an annual must if you’re near The Grove. The festival is October 21-22nd, 2017. The festival will feature a pumpkin patch, pumpkin decorating, a carnival, and a corn maze. Expect lots of savory pumpkin eats and pumpkin craft beer. For more information, coconutgrovepumpkinpatch.com.
3. Little Farm Florida
This pumpkin patch includes a free pony ride with each pumpkin purchased. The patch opens October 7th and will remain open until Halloween. No reservations required and no entry fee! For more information, visit thelittlefarm.us
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Credit to #home61experience ・・・ Good Morning Hollywood! Hollywood Beach is a paradise perfect to getaway from Miami. 🌞 #Home61 #HollywoodBeach 📷: kbudsky #HollywoodTapFL #HollywoodFlorida #HollywoodFL #HollywoodBeach #DowntownHollywood #Miami #FortLauderdale #FtLauderdale #dania #daniabeach #Aventura #Hallandale #hallandalebeach #Pembrokepines #miramar #broward (at The Beautiful Beach Of Hollywood)
#home61#downtownhollywood#hollywoodbeach#hollywoodfl#aventura#hallandale#miramar#broward#fortlauderdale#ftlauderdale#hollywoodflorida#daniabeach#hallandalebeach#pembrokepines#hollywoodtapfl#miami#home61experience#dania
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Everything You Need To Know About Pinecrest, Florida [INFOGRAPHIC]
Home61 is a tech-powered brokerage in Miami, Florida. Our agents are dedicated experts in all neighborhoods including Pinecrest. What Home61 has found is that Pinecrest, Florida is easily becoming South Florida’s most sought after neighborhood. From its gorgeous homes, small town charm, and promixity to the best of what South Florida has to offer, here is everything you need to know about Pinecrest, Florida.
Source: Home61 Pinecrest
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Founders Fund backs Home61, a real estate platform for the middle class - TechCrunch http://ift.tt/2ytQFdC
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Join us today at 1 PM for the #MSRShow with #JRLanis, #OlivierGrinda from #Home61 and #PedroNoguera from #UCLA on… https://t.co/hElojcea9j
http://twitter.com/MSRobinsonNY
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Founders Fund backs Home61, a real estate platform for the middle class
Founders Fund backs Home61, a real estate platform for the middle class
Most real estate agents are commission-based and incentivized to focus on the big sales. That results in inefficiencies for lower class home buyers, who may have to wait longer to view properties and receive less guidance on paperwork. A Miami-based startup called Home61 has been working on a solution for this category of buyers and … Continue reading “Founders Fund backs Home61, a real estate…
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Tech-enabled brokerage Home61 goes out of business, seeks buyers
A promising Miami startup has ended operations.
Tech-enabled brokerage Home61 goes out of business, seeks buyers published first on Miami Local News
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10 Reasons Fung Shui is Legit
10 Reasons Feng Shui Is Legit
If you are like most people, the term Feng Shui may not have much meaning to you. However, the concept of Feng Shui could provide you with many numerous benefits. This article will give you an understanding of what Feng Shui is, as well as ten reasons you should implement it in your life.
What Is Feng Shui
Feng Shui is an art of living based on a philosophy that is firmly rooted in ancient Chinese history. Essentially, Feng Shui is a practice that is based on the idea that your home is a mirror of what is happening inside of you. The entire purpose of Feng Shui is to get your home and environment in alignment with who you are, and where you want to be. Essentially, Feng Shui will harmonize your energy with that of your home's energy.
10 Reasons You Should Try Feng Shui
1. Feng Shui Can Promote Good Luck
According to many practitioners, Feng Shui can bring good luck to those who practice it. Feng Shui practitioners believe that incorporating instruments into your home that are designed to bring good luck, such as a Buddha statue or bamboo tree, can reverse bad luck and help you achieve your life goals.
2. Feng Shui Can Improve Your Health
There are theories out there that promote the idea that Feng Shui can improve health. Since there is scientific proof that our surroundings have a direct impact on our health, it is easy to see why this theory has so much support. Feng Shui practitioners believe that living in a house with negative energy can make a person ill. Thus, changing the simple layout of your house according to Feng Shui principles may promote positive qi into your home.
3. Feng Shui Can Help You Advance Your Career
According to Feng Shui principles, the north side of your home symbolizes your career. Thus, the north area of your home should be clear from any negative Qi or Xa, and should not be lacking in regards to the surface area and free space. For instance according to Feng Shui principle, if your office desk is currently blocking your lucky direction, it could be hindering your opportunity to receive a promotion.
4. Feng Shui Can Increase Your Financial Well-Being
In Asian countries, Feng Shui is most often used to promote financial wealth. For instance, the direction of the main door of a business or room, the positioning of the furniture, and the presence of water-related items like fish tanks can all impact one’s financial well-being. Setting up your home office or small business in accordance with Feng Shui principles can help you achieve financial success.
5. Feng Shui Will Help You Stay Organized
The practice of Feng Shui promotes the idea that a cluttered home obstructs positive energy from flowing through a house. Hence, most Feng Shui experts suggest that unused or damaged items should be removed from the home. Eliminating clutter will promote the flow of energy through your home and into your life.
6. Feng Shui Will Bring You Peace
Feng Shui promotes the idea of handling our living spaces to an optimal effect. Thus, merely rearranging the objects around your home can increase harmony in your home and life. For example, reorganizing the direction of your bed according to Feng Shui principles could bring positive qi in your bedroom, which will result in better sleep.
7. Feng Shui Increases Energy and Motivation
Keeping the prosperity areas of your home clean and organized according to Feng Shui principles will help increase your energy and motivation. Another way to increase your energy and motivation according to Feng Shui is to strategically place big plants in the Eastern area of your home.
8. Feng Shui Can Boost Learning
Every home has a Wen Chang area based on the direction of their home. The Weng Chang areas of your home can influence your learning capabilities. One way to influence your learning capabilities according to Feng Shui is to place four straight lucky bamboos in the Weng Chang area of your home. This guide can help you get started.
9. Feng Shui Promotes Position Emotional and Mental Health
Feng Shui can help to boost your mental health through nature. Inviting nature into your life is thus very important if you choose to invite Feng Shui into your life. An excellent way to improve your emotional and mental health according to Feng Shui is to invite indoor plants into your home. This guide will provide you with information about Feng Shui-friendly indoor plants.
10. Feng Shui Can Help You Find Love
Another primary reason many people use Feng Shui is to improve their love life. Here are some ways you can use Feng Shui to enhance your love life.
Conclusion
Welcoming Feng Shui into your life will require you to let go of your assumptions and skepticism. This ancient practice can heal your mind, body, and soul if you give it a chance. It is not a practice that is easy to understand, or that can be implemented without thorough research. While it will require research, time, and effort on your part, the potential benefits associated with Feng Shui are worth it. If you are serious about implementing Feng Shui into your life, Feng Shui Nexus is an excellent resource you can use to learn more and get started.
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Home listings startup launches in South Florida
Screenshot of Richr and Glenn Orgin
A startup that takes the real estate agent out of the deal recently launched in South Florida with plans to expand throughout the state and to New York, California and other states.
Richr.com, a real estate technology platform, will list homes in the tri-county area on the MLS for free, “But we’d like to help you find your next home,” said founder and CEO Glenn Orgin.
“Once someone becomes a seller, they become a buyer,” he added.
If a buyer is represented by an agent, the seller would still pay the agent’s commission. Richr is not a brokerage, but will work with various brokerages, Orgin said.
After owners list their homes using Richr, the website guides them to plan open houses and viewings, select a buyer once they receive offers, navigate paperwork and close the deal.
The idea is that home sellers would take the 3 percent they save on the seller’s fee and invest it into their next purchase. If a buyer doesn’t have an agent, the seller could keep the full 6 percent.
Orgin believes that the stagnant residential market will also push sellers to look for ways to save money.
Some brokerages have aimed to cut costs for sellers by charging a flat fee rather than a commission, including Miami-based Home61,
San Diego-based Home Bay and Purplebricks.
Richr plans to launch an investment platform in 2020, allowing owners to cash out of equity in their homes or have investors finance a portion of their down payments in exchange for equity. The co-investment/co-ownership model doesn’t affect homestead exemption, Orgin said, and it’s similar to those offered by startups like San Francisco-based Point, which buys equity from homeowners and then cashes out when they sell.
Orgin got the idea for Richr in 2009, when he and his wife moved to Miami from London and were trying to buy a home. “I was shocked by the substantial fees paid by the seller to find a buyer,” he said. In England, the standard commission is only 1 percent.
Richr has raised $500,000 from the Wynwood-based Faith Group and is looking to raise another round in the months to come. It worked with Fueled, a New York-based venture development firm, to build the website.
from The Real Deal Miami https://therealdeal.com/miami/2019/01/23/home-listings-startup-launches-in-south-florida/ via IFTTT
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Two injury-time goals send Norwich top of table
Norwich City boss Daniel Farke said his side “proved they had special spirit” after a 97th-minute goal from Teemu Pukki saw them fight back from 3-2 down to beat Millwall and go top of the Championship.
Tom Elliott headed the Lions in front in the 24th minute before Pukki fired in an equaliser after the break.
Pukki then had a spot-kick saved before Mortiz Leitner scored for the Canaries from 22 yards but Ryan Leonard’s shot made it 2-2.
Jed Wallace fired Millwall back in front before Jordan Rhodes and Pukki struck in a dramatic period of injury time.
“It was an unbelievable game with so many turning points and we were able to win it in the last moment. Normally you can not win a game with so many odds against you,” he told BBC Radio Norfolk.
“After we conceded to go 3-2 down we put all our offensive players on the pitch and then it was down to them. The goals were not luck, all of the credit and compliments go to the lads.
“It’s important to enjoy special moments like this. It was a magic night.”
Relive Saturday’s Championship action[1]
An incredible final 16 minutes saw four goals scored with Millwall looking like they would claim all three points going into time added on.
But Rhodes and Pukki had other ideas as their late goals left the Canaries two points clear of Middlesbrough at the top of the Championship.
The Lions took the lead midway through the first half as Elliott nodded past keeper Tim Krul.
Pukki then claimed his opening goal and the first of the afternoon’s three equalisers as he turned in Marco Stiepermann from inside the area.
The Finland international was then denied from the spot after Onel Hernandez’s goal-bound shot was handled by Murray Wallace.
Norwich did then get a second through Leitner’s thunderous low drive before Leonard struck from close range two minutes later.
Wallace then punished Krul by intercepting his weak throw and scoring after a one-two with Leonard.
But the Canaries were not done and continued their impressive winning run as Rhodes and Pukki both found the net from inside the box.
Line-ups[2]
Match Stats[3]
Live Text[4]
Line-ups
Norwich
1Krul
37Aarons
6Zimmermann
15Klose
12LewisSubstituted forVrancicat 88'minutes
27Tettey
10LeitnerBooked at 66mins
17BuendíaBooked at 86mins
18StiepermannSubstituted forRhodesat 88'minutes
25Hernández
22Pukki
Substitutes
4Godfrey
7Marshall
8Vrancic
11Rhodes
19Trybull
33McGovern
36Cantwell
Millwall
13AmosBooked at 90mins
2McLaughlinBooked at 90mins
4HutchinsonBooked at 51mins
5Cooper
25WallaceBooked at 37mins
7Wallace
28Leonard
6Williams
11FergusonSubstituted forTunnicliffeat 88'minutes
9GregorySubstituted forMeredithat 90+2'minutes
19ElliottBooked at 69minsSubstituted forMorisonat 73'minutes
Substitutes
1Archer
3Meredith
12Romeo
18Tunnicliffe
20Morison
22O'Brien
26Skalak
Referee:
Jeremy Simpson
Attendance:
26,289
Match Stats
Home TeamNorwichAway TeamMillwall
Possession
Home61%
Away39%
Shots
Home21
Away8
Shots on Target
Home7
Away4
Corners
Home6
Away3
Fouls
Home11
Away17
Live Text
Posted at
Match ends, Norwich City 4, Millwall 3.
Full Time
Posted at 90'+9'
Second Half ends, Norwich City 4, Millwall 3.
Goal!
Posted at 90'+7'
Goal! Norwich City 4, Millwall 3. Teemu Pukki (Norwich City) right footed shot from the left side of the box to the centre of the goal. Assisted by Mario Vrancic.
Posted at 90'+7'
Mario Vrancic (Norwich City) wins a free kick in the defensive half.
Posted at 90'+7'
Foul by Jake Cooper (Millwall).
Posted at 90'+6'
Corner, Millwall. Conceded by Maximillian Aarons.
Booking
Posted at 90'+4'
Ben Amos (Millwall) is shown the yellow card.
Posted at 90'+4'
Attempt missed. Alexander Tettey (Norwich City) left footed shot from outside the box is high and wide to the left. Assisted by Emiliano Buendía.
Posted at 90'+3'
Attempt blocked. Timm Klose (Norwich City) left footed shot from outside the box is blocked.
Booking
Posted at 90'+3'
Conor McLaughlin (Millwall) is shown the yellow card for a bad foul.
Posted at 90'+3'
Maximillian Aarons (Norwich City) wins a free kick on the left wing.
Posted at 90'+3'
Foul by Conor McLaughlin (Millwall).
Substitution
Posted at 90'+2'
Substitution, Millwall. James Meredith replaces Lee Gregory.
Goal!
Posted at 90'+2'
Goal! Norwich City 3, Millwall 3. Jordan Rhodes (Norwich City) right footed shot from the centre of the box to the bottom right corner. Assisted by Emiliano Buendía.
Posted at 90'+1'
Attempt missed. Timm Klose (Norwich City) header from the centre of the box misses to the right. Assisted by Moritz Leitner with a cross.
Substitution
Posted at 88'
Substitution, Norwich City. Mario Vrancic replaces Jamal Lewis.
Substitution
Posted at 88'
Substitution, Norwich City. Jordan Rhodes replaces Marco Stiepermann.
Posted at 88'
Delay over. They are ready to continue.
Substitution
Posted at 88'
Substitution, Millwall. Ryan Tunnicliffe replaces Shane Ferguson because of an injury.
Posted at 86'
Delay in match Shane Ferguson (Millwall) because of an injury.
Booking
Posted at 86'
Emiliano Buendía (Norwich City) is shown the yellow card.
Goal!
Posted at 83'
Goal! Norwich City 2, Millwall 3. Jed Wallace (Millwall) right footed shot from the centre of the box to the bottom left corner. Assisted by Steve Morison with a through ball.
Posted at 82'
Attempt missed. Emiliano Buendía (Norwich City) left footed shot from outside the box is close, but misses to the left. Assisted by Marco Stiepermann.
Goal!
Posted at 81'
Goal! Norwich City 2, Millwall 2. Ryan Leonard (Millwall) right footed shot from the centre of the box to the bottom left corner. Assisted by Lee Gregory.
Goal!
Posted at 79'
Goal! Norwich City 2, Millwall 1. Moritz Leitner (Norwich City) right footed shot from outside the box to the bottom left corner.
Posted at 79'
Attempt blocked. Marco Stiepermann (Norwich City) left footed shot from outside the box is blocked. Assisted by Maximillian Aarons.
Posted at 77'
Foul by Maximillian Aarons (Norwich City).
Posted at 77'
Shane Ferguson (Millwall) wins a free kick on the left wing.
Posted at 75'
Attempt missed. Jed Wallace (Millwall) left footed shot from the right side of the box is high and wide to the left. Assisted by Steve Morison with a headed pass following a set piece situation.
Posted at 74'
Foul by Emiliano Buendía (Norwich City).
Posted at 74'
Murray Wallace (Millwall) wins a free kick in the defensive half.
Substitution
Posted at 73'
Substitution, Millwall. Steve Morison replaces Tom Elliott.
Posted at 73'
Attempt saved. Tom Elliott (Millwall) right footed shot from outside the box is saved in the bottom right corner. Assisted by Jed Wallace.
Posted at 70'
Foul by Onel Hernández (Norwich City).
Posted at 70'
Conor McLaughlin (Millwall) wins a free kick in the defensive half.
Booking
Posted at 69'
Tom Elliott (Millwall) is shown the yellow card for a bad foul.
Posted at 69'
Timm Klose (Norwich City) wins a free kick in the defensive half.
Posted at 69'
Foul by Tom Elliott (Millwall).
Posted at 68'
Alexander Tettey (Norwich City) wins a free kick in the defensive half.
Posted at 68'
Foul by Tom Elliott (Millwall).
Show more updates
goal
References
^ Relive Saturday’s Championship action (www.bbc.co.uk)
^ Line-ups (www.bbc.co.uk)
^ Match Stats (www.bbc.co.uk)
^ Live Text (www.bbc.co.uk)
BBC Sport – Football
Two injury-time goals send Norwich top of table was originally published on 365 Football
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Little Havana Continues to Steal Our Hearts
Little Hаvаnа іѕ the соlоrful сеntеr оf H��ѕраnіс culture in M��аmі. The аrеа is rіddlеd wіth Lаtіn-іnѕріrеd саfеѕ, rеѕtаurаntѕ, venues and mаrkеtѕ thаt gіvе ѕрасе and a voice tо аll thе dіffеrеnt bасkgrоundѕ thаt hаvе taken rооt іn thе nеіghbоrhооd. Tо еxреrіеnсе the ѕіghtѕ, sounds and smells оf сlаѕѕіс Miami, thеrе is no bеttеr place than Lіttlе Havana (аkа Lа Pequeña Habana). Miami Cubаnѕ tаkе grеаt рrіdе іn thіѕ nеіghbоrhооd just wеѕt оf Dоwntоwn—еvеn if the majority dоn't lіvе there.
SW 8th Street (соmmоnlу known аѕ Cаllе Oсhо), the nеіghbоrhооd'ѕ mаіn drаg, аnd thе ѕurrоundіng аrеа аrе a testament tо thе American dream рurѕuеd by the hundrеdѕ оf thоuѕаndѕ of Cubаnѕ whо flеd tо Miami аftеr Fidel Cаѕtrо came tо power іn 1959. Vestiges оf thе lіvеѕ thеу lеft bеhіnd аrе еvіdеnt in the mаnу Mediterranean-style соrаl rock and stucco hоuѕеѕ, соmрlеtе with саnе rocking сhаіrѕ on their раѕtеl-раіntеd frоnt porches - reminiscent оf Hаvаnа'ѕ Vedado and Mіrаmаr nеіghbоrhооdѕ.
Here are some of the reason why you should consider living in little havana;
Tаkе a сооlіng ріtѕtор аt thе Azuсаr Iсе Cream Company at no 1503 (and іf you do, try the mantecado, a Cubаn favourite оf vаnіllа, nutmеg and сіnnаmоn). If уоu arе ѕtіll hungrу, Lоѕ Pіnаrеnоѕ Frutеrіа аt 1334 (fаmеd fоr іtѕ healthy and nоt-ѕо-hеаlthу dеlісасіеѕ), уоu should bе ready fоr dіnnеr at El Crіѕtо. Thіѕ lосаl fаvоurіtе, аt nо 1543, ѕресіаlіѕеѕ іn ѕеаfооd, ѕеrvіng mixed рlаttеrѕ аnd dеер-frіеd ѕnарреr. Sіt outside іf you wаnt tо take in Cаllе Oсhо аt night.
Muѕіс іѕ еvеrуwhеrе іn Little Hаvаnа: ѕріllіng оut оf саr windows and саfе rаdіоѕ; a mingling of son сubаnо, ѕаlѕа, mеrеnguе аnd more. Lіlу'ѕ Records, аt nо 1419, offers thе best іn Lаtіn music аnd hаѕ раѕѕіоnаtе, knоwlеdgеаblе ѕtаff.
It would be fооlіѕh tо leave this part of town wіthоut tаkіng in a live ѕhоw (and реrhарѕ a little dаnсіng). While рlеntу оf venues hаvе lіvе bаndѕ, thе lаѕt Friday оf thе mоnth is Viernes Culturаlеѕ or Culturаl Frіdау, аn open-air festival оf аrt, fооd аnd lіvе muѕіс. You will find thе hub оf events аt no 1637.
You can spend some tіmе іn Mаxіmо Gomez Pаrk and see hоw thе Cubаnо culture ѕреndѕ іtѕ lеіѕurе tіmе. Dоmіnоеѕ are a рорulаr activity in thе раrk аlѕо knоwn аѕ "Dоmіnо Park."
Dеѕріtе bеіng famous fоr bеіng a Cubаn neighborhood, Lіttlе Hаvаnа hоldѕ a ѕurрrіѕе: the рорulаr Aѕіаn 2B Bіѕtrо. Pорulаr wіth lосаlѕ, ultra affordable at lunchtime wіth frіеndlу ѕеrvісе аnd grеаt fооd. Aѕіаn 2B gіvеѕ Lіttlе Havana visitors аn аltеrnаtіvе tо Cuban.
Dо like thе locals dо іn Lіttlе Havana and ѕtор fоr cup оf fаmоuѕlу ѕwееt саfé сubаnо. Chatting wіth friends оvеr a cup оf соffее іѕ аn іmроrtаnt aspect of Cuban ѕосіаlіzіng аnd thе rеѕіdеntѕ оf Lіttlе Havana tаkе thіѕ dutу vеrу ѕеrіоuѕlу. Order a саfесіtо or cortadito аnd tаkе a mоmеnt to ѕір уоur ѕugаrу еѕрrеѕѕо іn thе sunshine whіlе hаngіng оut wіth thе neighbors.
Onе оf the mоѕt famous соffее еѕtаblіѕhmеntѕ in Little Hаvаnа is Lоѕ Pіnаrеnоѕ Frutеrіа (1334 SW 8th St) аnd thіѕ lоvеlу саfé hаѕ аn adjoining fruіt ѕtоrе and also оffеrѕ a vаrіеtу оf dеlісіоuѕ ѕmооthіеѕ. There are many соffее соuntеrѕ оn Calle Ocho, ѕо don't bе аfrаіd tо еxрlоrе.
If уоu hаvе nеvеr hаd оnе of thеѕе ѕаndwісhеѕ before, thеn I ѕuggеѕt you drop everything аnd run tо Lіttlе Hаvаnа іmmеdіаtеlу. A dеlісіоuѕ grilled sandwich соnѕіѕtіng оf hаm, roast pork, cheese, pickles and реrhарѕ most іmроrtаntlу, Cuban brеаd, which lосаlѕ say you саn оnlу gеt the bеѕt in Sоuth Florida. Try one at thе fаmоuѕ Vеrѕаіllеѕ (3555 SW 8th Strееt). Thіѕ place іѕ nо fаmіlу ѕесrеt аnd it іѕ gеnеrаllу расkеd wіth lосаlѕ, ѕо be рrераrеd tо wаіt іn lіnе fоr a tаblе, but you will be glаd that уоu dіd оnсе уоu ѕіnk уоur tееth into a dеlісіоuѕ Cubаn sandwich.
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Can a startup Miami brokerage make the flat-fee model work?
From left, Home61 agents Pilar Duque, Gustavo Berastegui and Manfred Velette
A Miami startup brokerage said it will begin charging a flat fee to home sellers, trying to lure customers away from larger agencies that operate on a percentage-based commission scale.
Home61, a technology driven brokerage, will charge the $6,100 fee on the seller side for every transaction no matter the sale price. It is the equivalent of the standard 3 percent commission a broker would earn selling a $200,000 property. So, a $500,000 home sale would save the seller $9,000, said Home61 founder and CEO Olivier Grinda. Home61 focuses on the mass market, with an average sale between $400,000 and $450,000.
The company, which opened in 2015, is trying to seize on a model that major firms in South Florida have refused to adopt, in part they argue, because selling a home is not a one-size-fits-all business.
Home61 will still charge the seller a 3 percent commission to pay the buyer’s agent. So the owner of a $500,000 property would pay a total of $21,100 — $6,100 flat fee plus $15,000 to the buyer’s agent — still less than the traditional 6 percent total, or $30,000.
In the highly competitive brokerage business, upstart Home61 is not the first to try a flat fee. Home Bay, based in San Diego, offers a one-time fee starting at $2,000 for sellers, according to its website. And in England, Purple Bricks uses a flat fee model, charging 849 pounds (currently $1,184) to sellers, or 1,199 pounds ($1,672) in London and surrounding areas, its website shows. The firm also recently entered the California market with a $3,200 seller’s fee, starting with Los Angeles in September; San Diego, Fresno and Sacramento in January; and plans to enter the New York market by the end of June, according to a spokesperson.
But the flat fee commission has yet to really take hold, and industry pros say it’s because the time and effort for brokers differs depending on the property.
Mike Pappas, CEO of the Keyes Company, acknowledges that “in hot markets, there is always a strain on fees.” Still, he said his company operates with the traditional percentage-based commission system.
“What is unique about our industry is we are not selling books or cars that are standard,” he said. “We are selling unique homes — each home is uniquely individual, each seller is uniquely individual and each buyer is uniquely individual, and that is the art of the deal and it takes tremendous expertise.”
Nevertheless, Jay Parker, CEO of Douglas Elliman’s Florida brokerage, acknowledges his agents don’t spend a lot of time or money on listings at the lower end of the market, up to $400,000. “There’s nothing to be said that the concept can’t work if they focus on the lower tiers of the market,” Parker said.
Until now, technology-driven Home61 has focused on the buyer side of the residential market. Now, agents on the seller side will receive a salary plus a bonus for each sale.
The firm has completed $100 million in deals and grown to 65 agents, with plans to reach 100 agents by June, Grinda said. The goal for 2018 is to complete 800 transactions and 200 listings by the end of the year. Even with the flat fee, the three-year-old company says it aims to reach profitability by the end of this year as it expands its volume of transactions.
The brokerage’s goal is to sell at least 200 homes this year and 400 in 2019, Grinda said. It is starting off with four agents on the seller’s side, focusing on houses and condos in the Brickell area and in Coconut Grove, and is recruiting additional agents.
from The Real Deal Miami https://therealdeal.com/miami/2018/02/22/404514/ via IFTTT
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Coconut Grove [INFOGRAPHIC]
This infographic created by Home61, a tech powered real estate brokerage in Miami, Florida to convey and depict the past and present facts and trends in Coconut Grove, Florida. This infographic outlines real estate facts, demographic information, and must know data about Coconut Grove.
Source: Home61
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