Monthly Archives: May 2019

3 Tips for Breaking Into Real Estate Without Breaking the Bank

Investing in real estate could be a fun and profitable way to diversify your portfolio. The best about being a real estate investor is that there are ways to gain exposure to the sector without putting yourself in financial jeopardy. Let’s look closer at some easy ways to break into real estate in an affordable manner.

Breaking Into Real Estate: Renting Your Space.

If you have an extra room or unused finished space in your home, it may be possible to rent it and make some extra money. Your tenant could be an adult child, a family friend or anyone else who is willing to pay for the right to lease the space. In the event that you have never been a landlord before, AirBnB points out that renting a room in your own home can serve as the ideal way to learn how to be one.

Breaking Into Real Estate: House Flipping.

While it is true that you don’t need a license or credentials to flip a house, Real Estate Elevated recommends having a solid education regarding what you are attempting to do is a definite key to success. It can be a good use of your time and money to take courses at a local college or take part in seminars hosted by successful real estate professionals.

However, be sure that you are avoiding scams by reading the fine print before handing over any money for the right to participate in a seminar or similar event. The internet may also be a goldmine for anyone who is looking for free advice about flipping homes or simply looking to learn more about the housing market in general.

Breaking Into Real Estate: Invest in a REIT or ETF.

According to Nareit, a real estate investment trust (REIT) is similar to a mutual fund in that it takes money from a number of investors and uses it to invest in real estate. A REIT can be created to invest in mortgages, make hard money loans or provide funds for homeowners who may otherwise be foreclosed on. An ETF has many characteristics of a mutual fund, but it can be bought and sold much like an individual stock.

It is a lot easier than you think to start investing in real estate. Whether you want to be a landlord, flip homes or simply invest in companies that invest in real estate, there are many ways to get a quality return on your original investment. Join SWFL REIA for more helpful tips on breaking into real estate investment!

Stop making excuses — just get out and do it!

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.

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 simplest way to manage projects out there

April 2019 Lee County Foreclosure Report

Where does the April 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.

April 2019 Lee County Florida foreclosure report: Trends at a glance.

Lis Pendens:
April 2019: 94 Mortgage related Lis Pendens.
March 2019: 93 Mortgage related Lis Pendens.
April 2018: 62 Mortgage related Lis Pendens.

Certificates of Title:
April 2019: 53 Certificates of Title were conveyed.
March 2019: 48 Certificates of Title were conveyed.
April 2018: 67 Certificates of Title were conveyed.

 

April 2019 Lee County Florida foreclosure report: When was the last payment made?

Year Avg Last Payment Date
1999 9/4/2016
2000 11/1/2017
2001 12/1/2018
2002 8/1/2018
2003 9/9/2018
2004 NONE
2005 12/1/2014
2006 7/10/2138
2007 5/15/2018
2008 12/21/2017
2009 10/12/2018
2010 1/3/2011
2011 NONE
2012 12/7/2017
2013 8/4/2018
2014 1/19/2017
2015 12/22/2018
2016 4/30/2018
2017 8/1/2018
2018 11/5/2018
2019 1/15/2019

 

April 2019 Lee County Florida foreclosure report: Some parting thoughts.

  • Essentially April is more of the same in relation to the trend.
  • 4 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.

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.

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 simplest way to manage projects out there

Steps to Overcoming Fear in Real Estate Investing

Steps to Overcoming Fear in Real Estate Investing  

“Fear is inevitable, I have to accept that, but I cannot allow it to paralyze me.” ~Isabelle Allende

Do you know what the hardest part of real estate investing is? It’s not finding the capital, picking the right location, or determining the best way to manage your investment.

The hardest part of investing is taking the first step.

Many prospective real estate investors fail before they even begin, because they aren’t able to overcome their fear of failure. It’s healthy to have a fair amount of fear when you begin investing — you want to be cautious and ensure you’re taking the right risks for your investment plan.

If you’ve been dreaming of owning your own investment properties, learn how to let go of your fear, plan strategically, and get started on building your real estate portfolio.

How to Overcome Your Fear of Investing in Real Estate.

If you’re ready to tackle your fears, here’s how you should get started.

First, you’ll want to determine exactly what you’re looking to do as a real estate investor by asking yourself four key questions.

  1. How much capital am I looking to employ?
  2. What is my desired minimum rate of return?
  3. When do I need this money back?
  4. What is my risk tolerance?

These questions are important because they’ll help you decide what type of property to select (single-family, multi-family, apartment complex, etc), what type of financing to secure, and how much money you’re willing to put on the line for your investment.

Once you have these answers, you should start to feel more comfortable as you move forward in the process.

Additional Tips on Conquering Investment Fears.

If you’re still not feeling completely comfortable, ask yourself three more questions.

  1. What could I gain?
  2. What could I lose?
  3. What happens if I don’t change?

The first one will help you understand the benefits you feel will come with investing in real estate property. Maybe you’re looking to supplement your income or set off on the path to financial independence. Some benefits, like owning your own business, might be less about money and ROI and more about a sense of pride. Whatever the benefits, be sure to write them down or vocalize them.

Next, think about all the ways your investment could go wrong. Do you have a backup plan? What’s the worst case scenario? If you plan out how you would handle a situation where an investment goes south, you’ll feel more prepared to ensure you avoid this situation.

Last, look at your life now. If you don’t change and things remain exactly the same, will you still be happy? If you’re looking for a new challenge, chances are, you’ll need to take a leap of confidence in order to change your situation.

Utilize Underwriting To Overcoming Fear in Real Estate Investing.

To help prepare yourself for this huge challenge, you’ll need to approach underwriting your deal strategically and honestly. It can be easy to get wrapped up in the best case scenario, but it’s important to be objective during this process.

You should always have a realtor or third party broker underwrite your deals, but you’ll want to underwrite them yourself, first.

To do this, you’ll need to look at the EGI (effective gross income) or actual rent coming in. You’ll want to find out how much rent the current property owner received within the last 12-months to determine this. Next, subtract 50% for operating expenses. While this number is likely on the high end, it’s better to determine the worst case scenario, in order to properly assess the deal. This will give you your NOI or net operating income.

Additional Tips on Real Estate Investing.

When investing, not everything will go according to plan, even if your CAP rate is sound and your strategy is strong. When deciding to take the plunge, you’re likely to experience some doubts. If you feel at least 75% certain, that’s enough to get started.

Be sure not to go all in during your first investment. It’s better to play it safe until you’ve gained more experience. Also, be ready to adapt your plan if needed. Lastly, if your investment does fail, acknowledge it quickly and courageously. Learning what went wrong and how to correct the issues for next time can be an invaluable experience.

Most importantly, make sure you have fun when investing! It’s a rewarding experience, so be sure to nurture the positives and not the fear. Once you’ve made a decision about investing, stop second-guessing yourself. Instead, shift into execution mode, start planning, then bring your plan to life.

Stop making excuses — just get out and do it!

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.

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 simplest way to manage projects out there

4 Real Estate Tactics to Increase Leads and Close Sales

With the busy summer real estate season upon us, many homeowners are sprucing up their homes in order to get it on the market. In order to close a sale quickly, it is important to help your clients get ahead of your competition. Here are four proven real estate tactics designed to increase leads and close sales:

Start with a 3D House Tour To Increase Leads and Close Sales.

One of the latest trends in real estate marketing is the 3D house tour. This innovative promotional strategy enables you to showcase your home in the best possible light. Buyers also appreciate the opportunity to take their time going through every nook and cranny of the home at their own leisure. Because more than half of buyers begin their home search online, this virtual marketing approach is more popular than ever.

Focus on Curb Appeal as a way to Increase Leads and Close Sales.

Many buyers have already made up their minds about a house simply by driving by it. This is why it is imperative that you focus at least some of your efforts on improving the curb appeal of the home. Even if the owners have limited funds to invest in improving their home, a fresh coat of paint on the front door, new mulch, and some flowering hanging plants will encourage people to pop in for a look.

De-Personalize

Although the owners may love all of the personal mementos and pictures of their loved ones adoring your walls, potential buyers do not. It is important that you have them remove all of these personal items before potential buyers start touring. The buyer should be able to imagine themselves making the house their home, and these things make that more difficult.

Want to Increase Leads and Close Sales? Make the House Smell Clean

One of the first things that any prospective home buyer notices when they enter a home is the scent. You do not want to miss this opportunity to make a great first impression. A fresh smelling house will immediately convey to the buyer that the homeowner has maintained the property nicely. There are many ways to give the house a homey aroma and feel, such as lighting a candle, using essential oils, or baking a batch of cookies before an open house.

Marketing the home you are trying to sell intelligently and making it feel like home to a buyer will give you the best shot at moving it quickly. These strategies will also help you to get top dollar for your client.

If you are looking for more information on real estate and investing, check out some of the other articles on our blog!

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.

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 simplest way to manage projects out there

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