SoFlo Flips

Thinking about buying an investment property? The FHFA just announced new rules that will increase interest rates and additional mortgage closing costs for investment properties. 💥

FHFA Changes Investment Property Rules—Will This Affect Investors? Fannie and Freddie recently announced new investment property limits. How will this affect real estate investors? Learn more here.

During this Covid-19 pandemic, many sellers held off or simply pulled their properties off the market because they didn’t want strangers walking through their homes in the middle of a public health disaster. Even though home prices were already high before this pandemic, the law of supply and demand asserts that when there are more buyers competing for a very limited supply of properties, prices will tend to go up. And that's what we are seeing happen.

But, will we see home prices continue to increase? Learn more of whats going on in the world of real estate here 👇.

Why Are Real Estate Prices Rising in the Middle of a Recession? In the early days of COVID-19, many were predicting a housing crash similar to that of 2009. Despite the fact we're officially in a recession, it turns out that's not what has happened—thus far, at least—thanks to other significant factors.

Homebuyers are facing less competition from investors, and they are also benefiting from low mortgage rates.

As Skittish Investors Back Off, First-Time Buyers Step In RE investors base a purchase price on future expectations, but the pandemic created market confusion. As a result, first-timers face less competition for starter homes.

We are moving on to structural work now; progress is great! Structural work is time consuming and detail oriented but trusses are finally up and inspections coming up. This is an addition to maximize sqft space and increase kitchen space. 🏡⛏
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@ Boca Raton, Florida

"Today, the 60-and-older generation owns about a third of America’s homes, and a new analysis by Zillow attempts to show how their aging will impact the housing market."

Study: Lots of Listings Coming as Baby Boomers Age Boomers own about 1/3 of all U.S. properties and 27% of them will sell their home within the next 20 years – but some metros will feel the impact more than others.

It’s been about 6 weeks since we started this flip. We’ve had some complications with Hurricane Dorian and the scheduling conflicts that come with preparing for a major storm but overall I think we’re in a good spot. 🧔🏻✊🏻
@ Boca Raton, Florida

Progress pic on the materials chosen for the bathrooms on the Boca house.
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@ Estancia, Boca Raton, Florida

Demolition phase: before and after pictures of demolition of interior Walls and Mexican tile floor
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@ Boca Raton, Florida

What is the safest and best way to start investing in Real Estate? Give us a like if you agree 🏡

We love this strategy 🤓

How to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually) Want an achievable way to build $100K/year in passive income? Learn from a real-life case study how to build a cash-flowing real estate portfolio to fund your lifestyle by adding only two rentals per year.

We got some exciting news we need you to hear!! We are now on the hunt for our next soflo flip and as such we are offering a $750 visa gift card to anyone who leads us to our next purchase. Know someone ready for a quick sale or how about a great fixer upper sitting in your neighborhood? Whose got their ear to the ground, give us a call and get ready to book your next flight to Europe or buy your new 65” TV? 😎🏡🌴

How Paying All Cash for a Property Affects Your Ability to Build Wealth Should you use cash for a property or a loan? It's a long-standing debate in the investment world. Is it better to aim for no debt, or is leverage an important tool? Here's what you need to know.