Tag: SW Florida

Crystal Snyder – Property Wholesaler

Crystal Snyder has only been buying and selling Real Estate for less than two years.  Prior to becoming an agent she received a certificate in Cosmetology, an Associates degree in Science and two degrees, one in Economics and the other in International Business.  She was working towards her Master’s Degree when she decided on a career in Real Estate.  When I met Crystal, she was a mother of 4 children but recently adopted a 5th child.

When she started in Real Estate, I suggested she find a niche rather than try to do everything.  Crystal took to working auctions and flipping contracts as if she had always been doing this.  She had immediate success, so much so that she discovered the “Secrets” of one of the major online Real Estate Auction sites.

She has privately mentored several new Investors.  One earned his first equity on a property after only 2 1/2 months after starting.  His share of the property was over $16,000.  Did I forget to mention he was only 18 years old with no Real Estate experience?

I will write about some of her most current closings in another blog.  Crystal’s company will be working directly with mine, Real Estate Services of SWFL to bring these properties to our Buyers’ lists.  She will also be teaching people how to duplicate her system.

Welcome back to Florida, Crystal.  Let’s help these new Investors get in one the Action!

Crystal

 

Crowdfunding for Real Estate Investing

Almost like being back in school, here are a couple of definitions to memorize.  Both are taken from Dictionary.com

  1.  Crowdfunding:    the activity or process of raising money from a large number of people, typically through a website, as for a project or small business.
  2. Vet:     to appraise, verify, or check for accuracy, authenticity, validity, etc.:
    An expert vetted the manuscript before publication.

Crowdfunding has become the new reality for Real Estate Investment.  The advantages to crowdfunding are:

  1. Lots of property choices
  2. Lots of Property categories
  3. Ability to borrow funds from large group of Investors for your projects
  4. Your property listings presented to a large group of Investors
  5. Transparency

The reason I also posted the definition for Vetting is another advantage of crowdfunding. ??????????????????????????????????????? The properties are analyzed by a group of Real Estate Investment professionals.  You are not at the whim of a single agent.  You are given an ID into the group website to view your trasactions as they are funded or purchased (transparency).  You also can view the properties, purchases and sales of the group as a whole.

Some of the groups have an average return of  11.5% to 14% return on short term Property Investments.  I t can go much higher for long term Property Investments.

I am working with a small team presently to Flip properties in Central and SW Florida.  Future blogs will talk about the progress of the group.  If interested in learning more about what we are doing or to get information about being a member, text “Investment” to (239)  770-6250 or email InvestSWFL@gmail.com.

Mike Cathell,
Broker/Owner, Investment Property Consultant

Real Estate Services of SWFL, LLC
Real Estate Services of Citrus County, LLC

Real Estate Services of SWFL, LLC
#Florida Real Estate     #Cape Coral Real Estate    #Fort Myers Real Estate
#Real Estate Investing   #Property Investments   #Wholesale Properties
#Wholesale Florida Properties

 

 

 

 

 

When Seller and Realtor Work Together

How many times in your Real Estate career has the perfect transaction happened to you?  How many Sellers  see their transaction go according to their plan?  It happened to me last month since I had the perfect seller.

The couple was a recommendation.  The husband moved to another state for a job opportunity and the wife stayed to get the house sold so she could join him.  Her priorities were to sell fast and to get the profit they needed to find another home.

Our first meeting at the house went great.  I asked what price she was hoping to get.  Her price in the mid-range of market prices.  We walked the house and discussed what would add value to make the house easier to sell.  We agreed on the following:

  • Remove the collectible collection to storage
  • Pack all personal items and move to storage
  • Paint the great room
  • Remove furniture from front porch
  • Pressure wash outside and driveway

A week later, she called to let me know everything was finished.  I drove over to take pictures, put sign in yasold signrd and a lockbox on the house.  The next morning, I put the listing on the MLS asking for 24 hour advance notice for showings.

About an hour later, an agent called ans said she was in neighborhood showing houses.  Realized there was 24 hour notice and wanted to make appointment.  I called the Seller and she said to send them over now.  House was ready and she was home.  She took a ride so she would not be home during showing.

Four hours later, we received an offer slightly higher than listing price.  She wanted to move ASAP, so naturally the offer was accepted.  Out Title company, Title-Junction in Fort Myers, took over.   The husband came down two weeks later to pack and move.  The Title company allowed Sellers to come over to sign forms to handle the long distance closing with ease.  The money was wired to their account and I received a “long distance hug” from the Sellers and now they are ready to move to the next phase of their life.

This was the transaction we all dream about.  It shows what can happen when Sellers and their Real Estate agent see the process as a team effort!

Did I mention, they owned 5 cats that had to be handled for showings.  Again, amazing performance by the Owner!

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
Real Estate Services of SWFL, LLC

 

A Real Estate Epiphany

At a recent open house, two of the attendees sat down on the sofa and we talked for about an hour.  We talked briefly about the house but talked a great deal about the community, the amenities, the recreational activities and the school district.  This confirmed my feelings that I have had since I started selling Florida Real Estate 14 years ago.  I do not sell Florida houses.

I sell Florida Lifestyle!

Prospects do ask how many bedrooms, how many bathrooms, age of the hoStock Photo of a Happy Hispanic Family With Two Boys, Holding Hause, number of garages and square footage but then the real questions start:

  • How far to the Beach?
  • What size boat can I dock here?
  • Where is the closest golf course?
  • When is rainy season?
  • Does the community have an active recreational director?

This conversation is usually longer and much more detailed than asking about the actual features of the house.  The houses sell themselves, either it is right or not.  But the lifestyle needs exploring and is what today’s buyer feels is the most important aspect of their decision.

Like I tell my agents, be a part of your community.  Understand why people would want to live in your neighborhood.  Become a “Lifesyle Enthusiasist”  as well as a Real Estate Expert.  So, if thinking about buying in SW Florida, come join us for the lifestyle!

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Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
Real Estate Services of SWFL, LLC

Income Properties in Other States by Auction, Part 3 of 3

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Specific Links for properties:

5807 Staysail Court, Cape Harbour, Cape Coral, Florida

1222 SW 51st Street, Cape Coral, Florida

 

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

Last Pre-Auction Open Houses – Part 1 of 3

Two Luxury Waterfront Properties in Cape Coral, Florida are being auctioned on June 8 and June 9.  The auction will be online and can be viewed through a virtual tour prior to the auction.  Bidders must be registered to bid on these fantastic properties.

The open houses will have the local Listing Agent as well as the Auctioneer in attendance.  Even if you cannot attend in person, call us and view the virtual tour.

Open House 1:

5807 Staysail Court
Cape Harbour, Cape Coral, FL

Open House – Saturday, June 4 10:00 am to 1:00 pm

Online Auction ends June 9 at 2:00 pm

download

Price: $1.4 Million starting bid

Key Features
• Located in prestigious Cape Harbour
• 4 Bedrooms, 7 1/2 bathrooms, +Efficiency apartment
• Waterfront, Gulf access Pool Home
• Completely renovated
• Wine Room
• Tiki Bar in pool
• Steam shower
• Dry Cleaning cabinet

Information Link:  http://www.capecoralauction.com/

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

 

2016 Real Estate Predictions

The last 3 years I was head on correct on my predictions.  Let’s go for 4 for 4.  That’s a lot of 4’s!

Housing Price Increases –

The Economy is still continuing to improve and people are looking to experience the “American Dream” of owning a home again.  The current inventory is smaller than the demand creating a shortage of available product.  Prices will increase but not to the levels of 10 years ago creating an unreal market.  There will only be a small increase maybe to 3% above the current prices.

New Construction on the Rise –

Again, the low inventory is a signal for Builders to re-open communities that sat for several years.  In my area, there is a 1000% increase on the number of building permits being issues.  Don’t go crazy, this means that the number of permits may have gone from 6 to 58 but it is still good news.

Time to Buy –

The Mortgage Interest Rates have been low for several years but my friends in the Mortgage Industry tell me the end may be near.  Economic factors will cause an increase in current mortgage rates.  If interested in buying a home, now is definitely better than later before rates climb.

My Market – SW Florida –10624671_10153393082392516_8593793810298966524_n

Florida is on the verge of the largest exchange in money due to the immigration of Baby Boomers over the next few years.  Boomers are flocking to Florida stimulating home sales as well as the entire economy of Florida.  Investment properties are still available especially in the areas of multi-family and Independent Living communities.

 

In summation, 2016 looks great for the Real Estate Market.  Whether a Buyer, a Seller, a Renter or a re-located family, our office has the program for you.  Meet us in SW Florida!