If you look through the television stations on almost any given day there is a TV show somewhere that features home improvement, real estate investing, or some sort of combination of the two. From shows that teach people how to sell homes that have lack luster reviews to shows that teach viewers that it is possible to purchase, repair, and resell a home in a matter of weeks for astronomical profits, there are shows that appeal to the entrepreneurial wannabes in audiences around the globe.
These shows have made and lost fortunes a few times over by convincing viewers that they too can do wondrous things with buying and selling Aventura real estate. The truth is that many viewers can do these things but television never really shows how hard the work may be. The television cameras do not always show the blood, sweat, and tears that go into making these projects successful and rarely mention the countless complete and total failures that occur along the way.
This does not mean that every home for sale in Aventura is doomed to failure. But flipping houses may seem to be a bit glamorous and a lot of hands on. The problem with that is that too few people really realize how much work goes into the hands-on part of the program. This is not easy money no matter how much the television cameras would like to convince you otherwise.
One thing that television has done for this line of work is made competition for the flappable houses a little fiercer. The early bird in this business gets the worm and while the cheapest house isn’t always the best candidate, the less competition you have driving the prices up, the better in this situation. The goal is to buy low and sell high. Most people do not have a terrible amount of competition on the selling high portion of the program. The real trouble now lies in the buying low portion as there are much more would be real estate investors that are interested in buying the inexpensive properties than there are that will see the projects through from beginning to end.
So yes, television has greatly changed the way people invest in Aventura luxury homes. Whether this is truly good or bad for the overall real estate market remains to be seen. Considering the recent down turns in real estate it is to be expected that some of the popularity may diminish. The sad thing is that this is still one of, if not the best ways to make a large sum of money quickly that is legal in the world today. Fortunes can be made and lost in real estate; the trick is always in placing your bets on the right property at the right time. For those who are willing to take the risks associated with this type of investment in today’s market and those that are willing to wait for a slight upturn in the market, the profit potential is phenomenal.
About Berkshire Hathaway HomeServices Florida Realty:
Berkshire Hathaway HomeServices Florida Realty serves 19 counties throughout Florida with over 40 locations and approximately 1,800 Sales Professionals. The full-service brokerage company, founded in 1999, is a subsidiary of Lennar Corporation, a Fortune 500 company and is a franchise member of the Berkshire Hathaway HomeServices’ network, one of the few organizations entrusted to use the world-renowned Berkshire Hathaway name. The company offers residential and commercial services as well as seasonal rentals, property management, REO & Foreclosures, corporate relocations, referral services, title, home service plans, and personal concierge services. Berkshire Hathaway HomeServices Florida Realty ranks in the Top 10 in the network among 42,000 Sales Professionals, 1,200 offices throughout 47 states. The company is the overall No. 1 fundraiser for The Sunshine Kids Foundation, having generated more than $3.37 million since 2001. Visit www.BHHSFloridaRealty.com.
