In this edition of ReiaCast we discuss how real estate investors can leverage Amazon for profitability. Flipping homes can be a great real estate investment strategy, as long as you don’t overspend when renovating your property. Many investors get into trouble during the renovation process, cutting into and sometimes even eliminating their profit margin.
We interviewed SWFL REIA member Paul Dworianyn, Founder of Awesome Dynamic
Shopping around for quality, but affordable services can help pare down your costs, but it’s usually the little things that stack up. A few air filters here, a dozen new doorknobs, boxes of lightswitch covers, etc.
There are so many small expenses you’ll need to pay for when flipping your property, that you’ll want to make sure you’re saving as much money as possible on each purchase. How can you do that? Simple — Amazon.
Amazon has really exploded in the past few years, bringing more affordable products right to your doorstep. Why not take advantage of these low prices and delivery services to renovate your investment property as inexpensively as possible?
Leverage Amazon for Profitability: Get materials cheaper and delivered
In fact, you can find more materials for your rehab project on Amazon than you might expect. Amazon actually has an expansive line of construction materials, ranging from tools and construction vests to caulk and tarps. You can find the majority of the tools and devices you need to renovate your property entirely online through Amazon.
Leverage Amazon for Profitability: You can order large specialty items
Amazon also carries specialty items you might not think to look for online, like shower doors, vinyl floor tile, laminate flooring, and even home appliances like over the range microwaves. You can easily compare prices online, but chances are, you’ll find a more affordable version on Amazon. Since Amazon delivers, you won’t need to drive to numerous stores and lug back heavy items multiple times a day.
Leverage Amazon for Profitability: You will need to be proactive
The only downside to using Amazon when flipping your property is that you’ll need to prepare a list of what’s needed ahead of time since delivery typically takes two days. In some cases though, you can receive the next day or even same-day delivery. Planning ahead isn’t a complete drawback though since it can help you budget better and stay on track of your project’s timeline.
It’s important not to overspend during your renovation, but you also need to make sure your property looks as appealing as possible to buyers. Get the best of both worlds by using Amazon to help deliver the bulk of your renovation products, right to the construction site. Your buyers will love the way their new home looks, and you’ll love pocketing even more profit.
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.
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.