Part Time REI » daytona beach http://part-timerei.com Real Estate Investing while Working Full-Time Fri, 03 Oct 2014 17:44:45 +0000 en-US hourly 1 https://wordpress.org/?v=4.0.38 Part-Time REI is a real estate investment education company. Our Lunch-Time Profits System is designed to teach you how to fix and flip homes in your spare time. We specialize in helping investors learn how to control their own financial future. Most importantly, we show you how to leverage other people's time and expertise to help you accomplish your goals. Finally, we provide systems so that you can repeat the process again and again. Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers no Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers support@part-timerei.com support@part-timerei.com (Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers) Part-Time REI podcast with host Bryan Snider and Erik Hitzelberger talk about investing in real estate and flipping houses in your spare time. flipping houses, investing in real estate, part-time, second income, retire early, flipping homes, flipper, REI, rehabbing Part Time REI » daytona beach http://part-timerei.com/wp-content/uploads/powerpress/Logo.jpg http://part-timerei.com Weekly Market Watch: Daytona Beach http://part-timerei.com/blog/2014/10/01/market-watch-daytona-beach/ http://part-timerei.com/blog/2014/10/01/market-watch-daytona-beach/#comments Wed, 01 Oct 2014 16:18:56 +0000 http://part-timerei.com/?p=3143

Daytona Beach is historically known for its  hard-packed sand that  allows motorized vehicles to drive on the beach in restricted areas. But soon it may be known for  being one of the best flipping markets in the US. While the hard-packed sand made Daytona Beach a mecca for motorsports, it may be their propensity for a property flip that gets them in the news.

daytonaA recent national report has listed Volusia County as the fifth most profitable place in the country to flip homes. Daytona Beach is a city in Volusia County, Florida, United States. The city lies about 51 miles (82.1 km) northeast of Orlando, 86 miles (138.4 km) southeast of Jacksonville, and 242 miles (389.5 km) northwest of Miami. In the 2010 U.S. Census, it had a population of 61,005. It is a principal city of the Deltona–Daytona Beach–Ormond Beach, Florida Metropolitan Statistical Area, which was home to 494,593 people in 2010. Daytona Beach is also a principal city of the Fun Coast region of Florida.

RealtyTrac reported 168 homes sold in the second quarter in the “Deltona-Daytona Beach-Ormond Beach” area by sellers who owned those properties for one year or less. The average gross profit was a whopping $49,000, for a 63 percent return, according to the Irvine, California-based real estate research firm.

That return was only topped by four other metro areas: Pittsburgh (106 percent); New Orleans (76 percent); Baltimore (73 percent); and Virginia Beach (66 percent). Of course, gross profit is not the same as actual net profit. Daren Blomquist, RealtyTrac vice president, said his firm has no way of tracking how much flippers spend on improvements before reselling properties.

If you Receive the Ranking, They will Comereal estate investing, flip for profit

Volusia County’s ranking as a top house-flipping market — in rate of return, not volume — has caught the attention of prospective flippers throughout the country. More and more real estate investors are moving toward the Sand States once again.

“I had a guy from Las Vegas call me last week because of that RealtyTrac report,” said Ian Anderson, the owner/broker of Dream Homes Team Realty in Ormond Beach.

Ron Wysocarski, a real estate agent who leads The Wyse Home Team at Keller Williams Realty in Port Orange, said 20 percent of the inquiries he and his three agents receive are from prospective flippers. Let’s hope the trend sticks.

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