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DIY Flipping vs Having a Team: What to Know

DIY flipping versus having a team is like night and day. With so many of today’s TV shows showing people making tons of money flipping houses, it’s no wonder why so many people try flipping houses every year as a way to earn a big profit from a small investment. Unfortunately, many first-time house flippers fail because they fail to understand the pros and cons of house flipping or whether they should flip houses by themselves or with a team. If you’ve been considering flipping houses as a fulltime job or as a way to earn extra income, then here are some tips to get you started.

DIY Flipping vs Having a Team: DIY

DIY house flipping does have some advantages over flipping houses with a team. Some of the benefits of flipping a house yourself include:

  • Lower costs
  • Higher profit potential
  • Lower risks of construction accidents

DIY doesn’t necessarily mean that you will have to make all the repairs and upgrades yourself, but it does mean that the cost will come out of your pocket. The more money you save by making repairs and upgrades yourself, the more money you make when it’s time to sell. If you’re going to flip a house DIY, then the best way to make a big profit is to learn a few home repair and decorating skills or have some people on your payroll that can do the tougher jobs at a lower cost than a professional.

Construction accidents are always a concern for any home improvement or remodeling project, and there are a number of construction accidents that can happen on the job that can ruin your flip. Serious accidents can stop a project in its tracks, especially if the workers are not covered by insurance. Make sure you have insurance coverage for all workers you hire for repairs and remodels. If you use a contractor, make sure the company is bonded and insured.

Having a Team

DIY house flipping can wreak havoc on your stress level and emotions. It’s a difficult job when you’re responsible for every decision and detail when it comes to refurbishing a home for a flip. If DIY is not your style, then consider using a team. Some benefits of having a team include:

  • Less stress
  • More ideas and skills
  • Faster flip times

Having a team, especially a team with skills in painting, plumbing, and carpentry, can make a flip much easier and faster. Having a team will also lower your initial investment since it will be divided among the other members. Keep in mind that you will also receive a lower profit since it has to be shared with the other team members as well.

Flipping houses can be a very rewarding and profitable investment. While it may look easy on TV, flipping houses require a lot of planning, skill, and knowledge of various aspects of the real estate industry. Before you get started flipping, it’s a good idea to educate yourself on real estate markets, housing costs, decorating, and basic home repair. Once you’ve educated yourself on the basics of flipping a home, you’ll be on your way to big flips and big profits in no time.

If you’re interested in investing, learn from other like-minded people. Learn more how to get started here!

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 agents, 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 it does 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.


Why You Should Invest in Energy-Efficient Homes

Energy-efficient homes are all the rage these days, and with good reason. Indeed, people are becoming increasingly aware of their carbon footprint and the rising costs of energy. As a result these types of homes are becoming more and more popular, dramatically increasing the odds that an investment in an energy-efficient home will be well worth it for you and your family. There are many reasons why you should look into investing in an energy-efficient home. Here are three specific examples.

Invest in Energy-Efficient Homes: Lower Costs Over the Long Term

Energy-efficient homes do have some higher up-front costs associated with them. However, there is no question that they will also lead to lower costs in the long run, as you will be able to save a significant amount on a variety of energy-related items. Getting a home energy audit has many benefits in addition to assessing the efficiency of your home. It helps you identify specific home improvement projects that not only increase the value of your home but help make it more energy-efficient, allowing you to save money on future utility bills.

Resale Value

Energy-efficient homes are still relatively new to the market, so there’s a variety of information out there that still needs to be gathered. However, preliminary information seems clear: energy-efficient homes come with a variety of benefits, including a higher resale value. One study compared similarly situated homes and found that energy-efficient homes actually sold for 9.5% higher than non-efficient homes. This significant finding underscores a fundamental truth about energy-efficient homes: they are not only good for the environment but also good for your wallet.

Invest in Energy-Efficient Homes: An Expression of Your Values

A house can be seen as an extension of you and an expression of your values. An energy-efficient house can show that you value both being thrifty and saving money, as well as protecting our planet. Energy-efficient houses allow you to reduce your carbon footprint and use less energy. Purchasing an energy-efficient home or making our homes more energy-efficient allows us to actually make a tangible and positive impact on the planet today.

Energy-efficient homes are clearly a fantastic way of saving money and protecting the environment. Remember, you don’t need to look at an energy-efficient home as a black or white prospect. There are likely a variety of projects you can undertake in your home in order to make it more energy-efficient. Keep in mind that these smaller projects can make a big impact.

Figuring out which home improvements are worth investing in can be tricky. Check out this article to see which ones might not add as much value to a home as you might think.

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 agents, 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 it does 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.


Don’t Make These Mistakes When Staging Your Home

Staging your home can make a huge difference in the desirability and the experience a buyer has during tours. When getting your home ready to hit the real estate market, you will want to show it off to its best advantage. Unfortunately, it doesn’t take much to turn off a potential buyer, even small things that you might think don’t matter. It won’t be enough to make sure that everything is neat and clean. Here are some typical mistakes to avoid when setting up your home for sale.

Mistakes When Staging Your Home: Not Enough Lighting

Classic home remodeling often includes improving the lighting, whether by natural or artificial means. Real estate agents will generally take their staging photos during the day, particularly if it’s sunny. If your staging time is limited, judicious use of lamps and overhead lights can make a big difference. Be sure to fully open the drapes and blinds in every room. Bathrooms in particular can often feel dark and gloomy, so you should make use of natural light as much as you can.

Clutter

Even if your home is clean, having a lot of small appliances on your kitchen counters or magazines and knick-knacks on living room tables can be a visual turn-off for future buyers, as can having oversized furniture in a room. You want your home to feel as open as possible, and nothing closes off a room faster than clutter, particularly if your home is on the smaller side. Put things away, or pack them in a box destined to go to your own future home. Keep in mind, though, that buyers do look in cabinets, so cramming everything in them may not be the best idea.

Mistakes When Staging Your Home: Making Things Too Personal

Potential buyers want to come into your home and imagine themselves living there. However, when they enter and see tons of family photos, the bright pink and purple glitter decor of your daughter’s bedroom, or the life-size poster of your son’s favorite basketball player in the rec room, that makes it tough. You should make things as neutral as possible, so replace the photos and posters with pleasant, inexpensive prints, add lighter shades to tone down brightly painted rooms, or even repaint the rooms if you feel it necessary.

Your real estate agent is your best source of information when it comes to staging your home for sale. Follow these tips and their advice, and your home will be inviting, enticing–and quickly sold!

Do you want to learn more about real estate and it’s opportunities? Click here to join the Southwest Florida Real Estate Investment Association!

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 agents, 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 it does 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.


What to Look for in Your Retirement Home

Many factors going into deciding on the ideal retirement home. Deciding where to settle down for your retirement years is an important decision. Not only do you need to consider the finances of the matter, but you also need to consider its logistical aspects as well. Here are three things that you may want to look for in your retirement home.

What to Look for in Your Retirement Home: Adaptability

When buying a retirement home, it is critical that you consider adaptability. Remember that your current health and mobility is not an indication of your capabilities as you age. For this reason, it is important to choose a home that can be adapted to your physical needs as you age. There are several features you can add on to your home that make it more accessible in your older age. A ranch-style home is a good idea for seniors worried about climbing stairs on a regular basis. Making the bathrooms handicapped-accessible may also benefit you as you grow older and experience less mobility.

Comfort

When it comes to your retirement years, you want to be as comfortable as possible. This starts with your home. Choosing a livable house with a comfortable floor plan will help you live out your best years with ease. It is also a good idea to consider a home in a retirement community if social activities are important to you. Be sure to look at amenities such as exercise facilities, pool and sauna options, or tennis and golf. An active community will encourage you to stay social and will boost your mental health. Choosing a home that is low-maintenance will also help you to live a more comfortable lifestyle.

What to Look for in Your Retirement Home: Location

When it comes to buying real estate, location should be considered. This becomes especially important when buying a retirement home. One primary consideration to make is the proximity of the home to friends and family. As you age, you will likely need to lean on loved ones for assistance. Other considerations to make when choosing your location include climate, property taxes, safety, and access to quality health care. It is important to weigh all of these factors and assign them a value when settling in on a final location.

When you have finally reached your golden years, you’ll want to settle down in the best place for your needs and personal preferences. Examining all of these factors together will help you make an informed decision.

Looking to retire in Florida? Read this next: What’s Unique About the Florida Housing Market?

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 agents, 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 it does 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.


How to Strengthen Your Home to Prevent Disaster

It is important to strengthen your home to prevent losses. Natural disasters can strike at any time, and when you live in Florida, certain disasters (such as hurricanes) are a fact of life. Homes that are not prepared to withstand these encounters with nature can suffer significant damage and expose your family to increased risk. Fortunately, there are measures you can take that will help to prepare your home to stand strong against disasters.

Strengthen Your Home: Roof Repair

Your roof can become a major cause of concern during a storm. This fact is especially true if there are defects in the roof you have not addressed. If you live in an area where major storms are likely, you should take care of any issues with shingles or the structure of your roof long before the storm season begins. You should also make sure that gutters and downspouts are clean and free of any debris that could obstruct the flow of water during heavy rain.

There are also a number of steps you can take to provide your roof with added strength. Options you should consider include reinforced trusses, adding steel or aluminum materials, and installing slate to combat the effects of heavy rains.

Foundation Repair

It is a good idea to check your foundation for signs of weakness a few months before storm season approaches. You can start by taking a quick walk around your home’s perimeter and checking for cracks or signs of stress in the concrete. Other indicators your foundation may need repairs include bowed walls, warped floors, and sagging ceilings.

Repairing a foundation requires specialized professional skills and shouldn’t be attempted by homeowners without experience. You can also ask your contractor about foundation-strengthening methods like underpinning your foundation and jacketing.

Strengthen Your Home: Secure Carports and Porches

High winds are a huge threat to carports, porches, and patios that are not safely secured. These structures can be ripped from your home and turned into dangerous projectiles. The holes left behind will also make your home more prone to flooding and further damage from the wind. These problems can be prevented by making sure the beams used to support any carport or porch around your home is securely planted into the ground.

Gulf Coast residents know all too well the damage that can be caused by nature. This damage can be much worse for families living in homes that are unprepared to withstand the high winds, heavy rains, and other natural weather events that come their way. The three measures above will add to the strength of your home and help your property withstand potential disasters caused by nature.

Do you want to learn more about real estate investment? Click here to learn more about this exciting opportunity!

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 agents, 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 it does 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.


Appeal to More Home buyers With These 3 Landscape Maintenance Tips

Landscape maintenance plays a central role in appealing to buyers. Your home’s landscape is the first thing that potential buyers will notice when viewing your home. Your landscape’s upkeep, or lack of it, will contribute to their first impression of your home before they even step foot inside. Tending to your home’s landscape maintenance will not only increase your home’s value, but it will also attract more buyers to your property. Here are three tips you can incorporate today to improve landscape maintenance.

Landscape Maintenance Tips: Keep Plants and Trees Trimmed

When it comes to landscaping, small efforts often make a huge impact. That is certainly the case when it comes to plant and tree trimmings. Keeping your plants and trees trimmed is an excellent way to show that your home is manicured, clean, and organized. If your plants and trees do not have a nice, uniform look, most buyers will feel that the rest of your home was left unattended, and they won’t be interested in exploring the property further. Make sure that you never cut more than one-third of a tree branch at once. If a plant loses too much of its leafy growth, it will react by trying to grow from suckers or water sprouts, resulting in an unappealing, ragged look.

Touch Up Mulch and Soil

Another thing homeowners can do to improve their landscaping is to touch up mulch and soil. A good touchup will bring life back into your property and improve potential buyers’ perception of it. Mulch helps control weeds and retains moisture in the soil. Healthy soil also controls weeds and promotes healthy plant growth. Outside of their functionalities though, both mulch and soil are aesthetically pleasing and are a great finishing touch to a manicured landscape.

Landscape Maintenance Tips: Add Potted Plants for Pops of Color

Adding potted plants is an inexpensive and easy way to bring the right attention to your property. Along with this, adding color and variety to your property will help add personality to your home. You want your home to stand out among the crowd, which means going beyond manicuring your home by using potted plants to mix things up. You can place them in different areas of your home, such as your porch, driveway and any other walkway that could benefit from some color.

Improving your home’s landscape doesn’t have to be an expensive task. The good news is that there are many landscaping maintenance tips available that will make a huge impact on your property’s landscape. If you’re a homeowner and you want to appeal to buyers, then be sure to take these three maintenance tips into consideration.

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 agents, 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 it does 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.


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