Monthly Archives: June 2019

Home/2019/June

What Do You Need to Get Started in Real Estate Investing?

It is simple to get started in Real Estate! There is little doubt that when real estate investing is done right, it nets a healthy profit every time. For every success story, though, there are many who did not cross the finish line. Even the success stories you hear about are not overnight successes. Prosperous real estate investors have certain tools that enable them to succeed when starting the investment process. Let’s take a closer look at what some of these tools are.

To Get Started in Real Estate: You Need A Network.

To be triumphant in real estate investing, you’ll need a network of people to help you get started. If you want your real estate investing to be lucrative, it’s going to be difficult to do it all on your own. First of all, you’ll probably need someone to generate leads for you. You might also need someone to stage properties for you. It won’t be easy to sell a property that isn’t decorated. A network can also consist of mentors and veteran professionals who can discuss their experiences as well as the potential pitfalls you may encounter. A great way to gain a network is to attend industry events, conferences, and seminars. The bottom line is that it’s important to surround yourself with people of various talents and work together to make your investment journey a success.

To Get Started in Real Estate: You Will Need Some Capital

The old cliché is that it takes money to make money. So, if you are just getting started and you do not have a sizable amount saved up, you have to figure out how you are going to fund your venture. According to Do Hard Money, three popular alternative financing options are lines of credit, gap funding, and wholesaling. The goal is to make money. You, therefore, have to figure out how to gain favorable terms because you do not want to end up with a smaller profit due to high fees and interest rates. You are entering an entrepreneurial field. You can expect your business creativity to be challenged when coming up with the capital.

To Get Started in Real Estate: Knowledge Is Power

There is such a thing as overthinking simple tasks. There is also the necessity to have a foundation of industry knowledge. Knowing how the cycles of the real estate field operate and how they are affected by government regulations provides useful insight. Then, you can go with your gut and pick your direction as well as investment properties. Knowledge allows you to develop habits to get ahead in real estate ventures, like those suggested by Bigger Pockets

Real estate investing might be intimidating to get into at first, but if you have the right tools, you can confidently thrive in the industry. As long as you’re prepared with tools like these, you’ll have little to worry about.

If you’d like to network and get ideas from other real estate investors, consider joining our organization. Click here for more information on how to become a member!

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.



May 2019 Foreclosure Trends Report

Where does the May 2019 Foreclosure Trends 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.

May 2019 Foreclosure Trends Report: Trends at a glance.

Lis Pendens:

  • May 2019: 92 Mortgage related Lis Pendens.
  • April 2019: 94 Mortgage related Lis Pendens.
  • May 2018: 101 Mortgage related Lis Pendens.

Certificates of Title:

    • May 2019: 74 Certificates of Title were conveyed.
    • April 2019: 53 Certificates of Title were conveyed.
    • May 2018: 56 Certificates of Title were conveyed.

 Year Mortgage Originated

Average Last Payment Date

2002

9/1/2018

2003

12/1/2014
2004

7/1/2017

2005

9/30/2017
2005

9/30/2017

2006

4/26/2015
2007

12/4/2015

2008

1/10/2017
2009

4/1/2018

2010

1/6/2017
2011

9/4/2018

2012

Not Available
2013

11/16/2018

2014

9/18/2014
2015

12/1/2018

2016

8/26/2018
2017

6/21/2018

2018

8/22/2018

 

Year of Mortgage Number in Foreclosure
2002 3
2003 1
2004 1
2005 6
2005 6
2006 12
2007 11
2008 1
2009 2
2010 3
2011 2
2012 1
2013 2
2014 2
2015 2
2016 10
2017 7
2018 6

 

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. Attend our next meeting and transform your investing strategy.

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

Investing in Real Estate During a Recession

Some thoughts for Investing in Real Estate During a Recession. Some amazing portfolios were built in the last downturn. Most cycles share common characteristics but always vary in length, velocity, duration, and depth.

Warren Buffett has a saying about the stock market and investing in general: “Be fearful when others are greedy and greedy when others are fearful.”

There has been a lot of talk recently indicating that the housing market is headed for another recession. Despite recovering from the recession that occurred nearly a decade ago, continuously rising interest rates and the unpredictability of the stock market seem to point towards an upcoming recession, at some point. Not surprisingly, this is leaving many potential home buyers wary about purchasing real estate in the next few years, anxious from the memory of the economic crash in the late 200s.

As a result, many investors are nervous about making new real estate purchases, until they have more clarity on where the market is heading. While no real estate investment can ever be 100% recession-proof, that doesn’t mean there aren’t smart options to explore.

Understanding How a Recession Works

To better understand how your investments can survive during a recession, it’s important to look at the lifecycle of the housing market.

When a real estate recession hits, there are four main stages: expansion, peak, recession, and recovery. To put it simply, when there is a large demand for housing, the market begins to boom. When local economies are doing well, jobs grow, and investors receive high ROI (return on investment). This is the expansion stage, which leads to the peak – the tip of when the economy is at its best.

However, when credit is too easy to obtain, many people will invest too much, take larger risks, or purchase more than they can afford. This then causes any property that has been overinvested in to decline in value, leading to a bust in the economy, or a recession.

Eventually, as the market levels out, it will return to the recovery stage, where interest rates and investment values begin to balance and start to return to their usual pre-recession prices.

Real Estate to Invest in During a Recession

There are many types of investments to avoid during a recession, specifically single-family homes and vacation homes, which tend to depreciate more rapidly. Instead, investors should focus on multi-family homes.

Multi-family homes aren’t just apartment buildings and complexes though. Duplexes and smaller 3-4 unit builds are also good bets during a recession. The key is to purchase property where rent is in high demand, because no matter what happens to the economy, people will always need a place to live.

It’s important to do market research before purchasing any investment to ensure there’s currently a demand for rental units in the area you’re looking to purchase in.

What to Know About Appreciation in a Recession

In most cases, no matter what type of investment property you own, you’re likely to face depreciation during a recession. If you’re smart about choosing the right property, slight depreciation won’t hurt your investment, though you’ll likely take home less ROI.

In you invest in a multi-family apartment complex, for instance, you may need to lower the rent for the next year or two in order to fill more vacancies, but you’ll still be bringing in cash flow on a consistent basis, which is a real benefit during a recession.

Another option would be to purchase a duplex or triplex and live in one of the units, allowing you to rent out the other two. When done correctly, this can help put more money in your pocket, while also taking care of your mortgage payment, even during a recession.

Of course, not all properties depreciate during a recession. It is possible, though unlikely that your property will appreciate in value. Unfortunately, there’s no strategy or specific location or property type that can promise appreciation. Instead, it’s better to think of depreciation as expected and appreciation as a bonus.

Upsides to Buying During a Recession

The market can become unpredictable during a recession, with desperate sellers overpricing their homes in an attempt to collect any possible profit. However, other properties will list at much more affordable prices than in today’s market.

Just because a property is inexpensive though, doesn’t mean it’s a good investment, especially if it’s a multi-family property. Be sure to do thorough research on the building to determine if it’s a worthwhile purchase. If the area is experiencing population decline, for instance, purchasing apartments in that location during a recession is likely not a wise decision. Underwriting is particularly important at this stage.

It’s also important to consider the amount of land the property is on, as well. If you’re looking at a property on a large lot in a city where most properties sit on small lots, you might have an advantage during the recession. You can add outdoors amenities to help your listing stand apart or always build onto the land to increase your rental units.

Before the recession hits, you’ll also want to have access to funds available, so when you find a good deal, you’re able to jump in and snatch it up before another investor beats you to it.

What You Need To Know About Interest Rates During a Recession

Historically, whenever a recession hits, the FED lowers interest rates, in an effort to persuade people to take out more loans. For investors using financing, this can make it more affordable to purchase property during a recession. Just be aware that these interest rates will rise as the recession starts to dissipate, so obtaining a fixed-rate mortgage will protect your interest rates from jumping up as the economy begins to slowly recover.

Predicting When the Recession Will Happen

It would be great if we had a clear idea on when the recession was going to occur. However, despite expert predictions and pre-recession warnings, the economy is still not quite there yet, making it difficult for many investors to make purchasing decisions.

One way to help keep an eye on the market’s overall health is to monitor foreclosure filings. Generally, as a recession creeps nearer, foreclosure filings increase. Paying attention to foreclosure numbers in your city, state, or across the country is a great way to stay informed and ahead of the market.

Right now, the number of foreclosures in the U.S, are well below pre-recession foreclosure numbers, even though there was a slight increase in foreclosure filings in March of 2019. Keeping wind of these numbers and talking with other investors can help you better predict when the market might be likely to turn.

Final Thoughts

Although investing during a recession isn’t the most ideal time to purchase property, if you’re smart and stay in tune with your local market, it is possible to find properties that can weather all of the downs of a recession.

Investing in multi-family units in an area with high demand for rental units is always a safer bet than investing in single-family homes during a time when Americans won’t feel inclined to purchase a home. For an even safer option, consider investing in a duplex or triplex, and living in one of the units to save on expenses and a second mortgage.

While appreciation won’t be likely, you can still make a profit during the recession. It’s important to work with a qualified real estate agent or talk to other like-minded investors who can offer experienced advice and insight.

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. Attend our next meeting and transform your investing strategy.

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

4 Introductory Tips to Help You Succeed in Commercial Real Estate

Investing in commercial real estate can be quite a lucrative venture. But just as with any investment plan, you need to know how you can best be successful. While there is always a learning curve, especially at the beginning when you’re just starting to get your feet wet, you can always learn a few things to get you started on a path to commercial real estate investing success.

To Succeed in Commercial Real Estate Only Buy Bargains.

While your real estate agent may be taking you around to show plenty of office spaces, warehouse spaces, storefronts, and other commercial real estates, you need to know how to spot a bargain. After all, the agent is out to get a sale, but you are out to help build long-term passive income. This means you need to look for properties you know will help you do that.

The first step is to request a property valuation. This valuation will take into consideration the building itself, any upgrades that have been done, the effect of the surrounding areas, and more. This valuation will help you determine if you can make money with the property, but it will also tell you how much you stand to make. Take a look at this example: the average 400-square-foot office costs approximately $35 per square foot or $20,000 per year. Depending on the initial investment price, this can be a lucrative property indeed.

To Succeed in Commercial Real Estate Research Your Market.

Your market will be affected by many different things. If you want to specialize in renting out storefronts, then you will need to research what the average storefront rent is in your city, or within a particular part of your city. You’ll also need to research the kinds of businesses that are usually found in storefronts like the ones you will be investing in. This way, you can know whether they are a high-dollar or low-dollar industry and this can help you determine the rent you can reasonably charge for space. A comparative market analysis can give you all the details you need to make an informed decision about a property.

To Succeed in Commercial Real Estate Always Assess Your Risk.

When investing in commercial property you always need to be aware of the risks. This means staying up on real estate news in your region and even nationally, such as new regulations for purchasing or managing commercial investment properties. However, there are risks involved in many aspects of real estate investing. When considering a specific property, be sure to look at what the previous property valuations were. You will also want to get it inspected by a licensed inspector in your area so you will be made aware of any potential problems down the road.

To Succeed in Commercial Real Estate Patience is a Virtue.

If you’ve already dabbled in some residential real estate investing, such as apartment complexes or rented homes, you may be expecting a fairly short process from first viewing to receiving the keys. You might have this expectation after purchasing your own home at some point. However, commercial real estate is much different and there are a few more hoops to jump through. This can make the process take a bit longer. Keeping this in mind from the start can help prevent a lot of frustration later on.

Commercial real estate investing can create a constant supply of income well into the future. With some management skill, these properties will be easier to maintain and keep rented. However, it all starts with finding the right property, which should always be a bargain based on the property valuation.

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. Attend our next meeting and transform your investing strategy.

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

How to Protect Your Vacant Investment Property from Theft and Vandalism

Real estate is an excellent investment opportunity both in terms of long-range growth in value as well as income from tenants in a rental property. However, there may be periods where no one is living at your property. This can be a frightening time for the owner. When a house is vacant, it is the most susceptible to vandalism, theft and illegal entry. There are several things that you as a landlord can do to protect your investment.

Install Alarms to Protect Your Vacant Investment Property from Theft and Vandalism

When someone tries to break into your property, you want something in place to scare them away. A loud alarm will send thieves running, especially if your property is in the vicinity of other homes. Modern home alarm systems can also be part of a larger security system that is monitored by a security company. They can notify the police when they detect an intruder. They also can notify you so that you can be aware of what is happening.

Install Security Cameras to Protect Your Vacant Investment Property from Theft and Vandalism

No one wants to be caught on video doing something illegal. Security cameras placed in prominent places will act as a deterrent, letting people know that someone is watching the property even though no one is home. Some of the most ubiquitous cameras on the market are motion-activated, so you don’t need massive hard drives to record thousands of hours of boring or useless footage. This footage can also be used as evidence in police investigations, which can help you recover stolen property.

Install Security Lighting to Protect Your Vacant Investment Property from Theft and Vandalism

Thieves and vandals want to remain anonymous. They want to sneak in and out of your property with no one knowing it. Motion-activated flood lights will expose bad actors as they come too close to your property. In addition, having outdoor lighting that runs on a timer or turns on automatically when it is dark gives the impression that someone is home. New LED light bulbs in these fixtures can burn for many hours before they need to be changed.

Meet the Neighbors to Protect Your Vacant Investment Property from Theft and Vandalism

Get to know the neighborhood around your property. More importantly, get to know the people living in neighboring properties. By developing good relationships, these people can be an extra set of eyes keeping watch over your place. You can let them know when the property is vacant, asking them to check in. You could also give them permission to park a vehicle at the property to give the impression of occupancy.

Mow the Lawn

If your property is going to be vacant for a while, it is important that you keep it properly maintained. In some cases, this is a matter of obeying local regulations about grass length. In terms of security, keeping the grass mowed helps people see that the place is being cared for. Most criminals do not want to enter a home where they think someone might be there. Proper maintenance, such as painting and lawn care, makes the property more attractive to potential tenants as well. Contracting with a local lawn service company to come once a week during the growing season is a small cost to maintain the long-term value of your investment.

Visit the Property Regularly to Protect Your Vacant Investment Property from Theft and Vandalism

The key to preventing criminal activity is to give the appearance of occupancy. There is no substitute for visiting your own property. Not only does this give the impression that someone is using the place, it also gives you the opportunity to address maintenance problems before they become more serious. If the property is near your home, you might try dropping by once a day when it is empty. Since most property crime happens after dark, you, a trusted friend or family member might spend a night or two at the property every week. By having some activity at your investment property, it will not look like an easy target to criminals.

An investment property can increase your wealth, but it is also a serious responsibility. If there is a problem with illegal entry, the property will both decrease in value and be harder to rent. By investing in security and giving the appearance of occupancy, you can discourage theft and vandalism and keep the value of your investment.

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

Go to Top