Monthly Archives: December 2018

Home/2018/December

Investing in Real Estate Rentals

Investing in Real Estate Rentals: You Can Gain Wealth.

Real estate investing is one of the smartest investments that anyone can get into. By investing in real estate rentals, you’ll be investing in something tangible and within your control. Unlike stocks and bonds, where some CEO is making decisions using your investment dollars, investing in real estate rentals gives you the power over 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 when 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 will all be positive assets to your rental property. Additional amenities like neighborhood watch programs, street lamps or a nearby police stations can also be highlighted when marketing your property.

2. Good Schools

If you’re hoping to attract families for your rental, it’s important to buy in areas with good school ratings. Not only will you attract more renters, but families with children tend to rent long-term instead of moving around frequently. Securing long-term tenants will help your real estate rentals continue to grow.

3. Opportunity For Cash Flow

If you’re hoping to generate some cash flow from your rental in addition to the appreciation value, you’ll need to plan ahead before deciding whether or not to buy a rental property. Factor in any monthly costs you’ll incur, such as property management fees or utilities, to see if you’re on track to make a profit. 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. Plus, 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, then rent it out at market rates. Since the property is now worth considerably more than what you paid for it, you can then refinance it 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.

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. 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 keep track of, so it’s smart to hire a tax professional who has experience with real estate investing. This will ensure that your deductions comply with all tax regulations and ensure you’re able to take advantage of all eligible deductions.

Investing in real estate rentals can be a great way to set you and your family up for financial success. Real estate investments are often profitable, but when you educate yourself and use smart real estate strategies, you stand to make larger gains. Surrounding yourself with a trusted team that can help educate you and support your goals is key for managing successful real estate rentals.

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.

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.




 

Multi Family vs Single Family Investment

Multi Family vs Single Family Investment Properties: Which Is the Right Real Estate Move for You?

Real estate investments are a reliable way of diversifying your 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. In the case of multi family vs single family investment properties, you might be wondering 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.

Let’s explore multi family vs single family investment options in more detail to help you make an informed investment decision.

Multi Family vs Single Family Investment: Multi Family Investment

The multi family investment option presents you with a more reliable source of income. It’s generally assumed that multi family homes are more beneficial for investors than single family homes. For example, while multi family units will rarely all be completely unoccupied, owners of single family homes can go for months without generating any income when units are vacant. Moreover, multi family homes tend to be cheaper than 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 in your property will also help you reduce the extra costs associated with management and maintenance of the property.

You can also 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 payment, and one property tax bill.

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 market value. This 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. This means, you will pay $80,000 and gain a $20,000 equity stake in the single family home.

In addition, multi family homes can be less available in many areas, and as a result, are sold above current market value. 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.

Furthermore, 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 single family homes, renters who view their living conditions as permanent will have more of a sense of pride in maintaining their house. As a result, the investor will incur less maintenance and repair costs. Single family tenants normally don’t outgrow their living spaces the same way multi family tenants do, because they enjoy additional spaces, like bedrooms, basements, and backyards.

Multi Family vs Single Family Investment: The Bottom Line?

When it comes to multi family vs single family investment properties, there are a few key differences 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.

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.




 

November 2018 Foreclosure report for Lee County

Where does the November 2018 Foreclosure report for Lee County 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.

November 2018 Foreclosure report for Lee County: Trends at a glance.

Lis Pendens:

  • November 2018: 102 Mortgage related Lis Pendens
  • October 2018: 91 Mortgage related Lis Pendens
  • November  2017: 33 Mortgage related Lis Pendens

Certificates of Title:

  • November 2018: 41 Certificates of Title were conveyed.
  • October 2018: 68 Certificates of Title were conveyed.
  • September 2017: 51 Certificates of Title were conveyed.

November 2018 Foreclosure report for Lee County: Top Ten Filers for Lis Pendens.

BANK OF NEW YORK MELLON

9 8.82%

WELLS FARGO BANK N A

6 5.88%

FREEDOM MORTGAGE CORPORATION

5

4.90%

LAKEVIEW LOAN SERVICING LLC 5

4.90%

NATIONSTAR MORTGAGE LLC
MR COOPER

5 4.90%

BANK OF AMERICA N A

4 3.92%

PENNYMAC LOAN SERVICES LLC

4 3.92%
REGIONS BANK
AMSOUTH BANK
3

2.94%

FEDERAL NATIONAL MORTGAGE ASSOCIATION 2

1.96%

DITECH FINANCIAL LLC

2

1.96%

 

November 2018 Foreclosure report for Lee County: Charts.

This chart shows the total amount of deeds transferred via a certificate of title. 

November 2018 Foreclosure report for Lee County total trend of the deeds conveyed

This chart shows the total amount of the deeds transferred via a certificate of title since 2015.

November 2018 Foreclosure report for Lee County deeds conveyed since 2015

This chart shows the current and the last trend for Lis Pendens filings in Lee County Florida. 

November 2018 Foreclosure report for Lee County deeds conveyed since 2015

This chart shows the Lis Pendens filings for Lee County Florida since 2015.

November 2018 Foreclosure report for Lee County Lis Pendens Filed Since 2015

This Chart shows the Lis Pendens filings for 2018. 

November 2018 Foreclosure report for Lee County Lis Pendens Filed Since 2018

 

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.

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: November 2018 Foreclosure report for Lee County

 

Go to Top