Real estate experts Leslie Davis and Lyndsay Lamb renovate unlovable homes. I absolutely love flipping homes. I get a wonderful feeling of accomplishment from the before and after pictures and a nice check to deposit in the bank account. When Eric and Lindsey Bennett roll the dice and bid on a property sight unseen, their winning bid looks like a good bet at first glance. Juggling diapers, demos, date night and everything in between, this humble duo keep their hands and hearts full. But when you go behind the walls of houses that live in triple-digit heat, you . GREC License #77149 Nashville TREC License #263656 Nashville South 3 Seasons. Thats a deal-breaker for me., "First and foremost, we're not experts at finding fix-and-flip houses so that makes it more challenging. He went on to talk about the lack of affordable housing in the Coachella Valley, explaining that "when we come into a house like this and bring it back to life selling it for under $250,000 it creates a potential home for people to buy that otherwise wouldn't exist.". Check Out This Listing: Sarah Magrath of Coldwell Banker Santa Fe. We will still work with you. Take what you want with you and leave everything else behind. Check Out This Listing: Jasmine Farrow of Sotheby's International Realty. Sell your house fast with Desert Flipper regardless of the condition. Coachella 2023: What to pack for a weekend in the desert. The Wisconsin transplants have been living and flipping in Palm Springs, Calif. for over 12 years. About United Country About UC Auction Services Find an Office United Country News Real Estate News Join United Country Request a Free UC Catalog . HGTV's Desert Flippers will premiere its third season Tuesday night. "We were on a couple of commercials for that and in a couple magazine ads, but had no real history of doing anything else," he said. There are 24 active homes for sale in Desert Falls, Palm Desert, CA, which spend an average of 96 days on the market. Christina and Tarek El Moussa and however many people they inspire to pick up a house at a foreclosure sale. Our calculator does the time-consuming house-flipping calculations for you. Eric pounces on a home he's had his eye on for over a year in a high-end neighborhood where homes sell for over a million dollars. Within this network, there are effectively 3 types of professionals that you should consider reaching out to. Eric gets a hot tip about a home that's going on the market soon and locks it up at the asking price to avoid a bidding war. Sure, I could have saved thousands or made thousands more. The key to the flip is blowing away buyers with a new open concept inside and massive entertaining and living space outside. Lindsey told HGTV, "There's a huge amount of value [in] bringing the outdoors in and having the outdoors feeling like you have an outdoor living room. Real estate agents Eric and Lindsey Bennett return this summer for another fun and lighthearted season of home flipping on Desert Flippers. Find out how we work directly with the top agents in our area to help us find the best property deals. Currently, cities like Jacksonville, Phoenix, Seattle, Tampa, and Charlotte are the hottest markets for real estate flipping. Show More Posts from desertflippers. He continued, "It's getting eyeballs to sit and watch a program," adding that the real-life delays (which can sometimes be up to six months) that he and Lindsey face on a project are typically cut because they'd "make for boring television.". The seller wins too because theyve unloaded an unwanted property quickly and can move on. According to The Desert Sun, Eric started down the television route two years before landing Desert Flippers, when, encouraged by his family, he auditioned for Family Feud and The Amazing Race. We took an RV all the way from SoCal to Wisconsin! Honesty and integrity are the two words that best describe. Privacy Policy. License #CQ1049280 Tampa FREC License #BO2033841 Tulsa OREC License Divorce, New Show, What exactly Rick Lagina do? Here's everything there is to know about the hit HGTV show. The series' sophomore run . Properties may or may not be listed by the office/agent presenting the information. Last year in the Denver metro area, home prices averaged at around $612,274, which is a 16.68% rise from 2020. All rights reserved. 2. Copyright 2023 S Media International Corporation. Real estate listing websites are the most popular sources of investment properties, so it's a logical place to start finding homes to flip. 9 of 68 10 of 68 S.A. real estate investor Armando . Then, in November 2018,Chip and Joanna Gaines announced their return to TV with a new network under the company's umbrella, which begs the question as to whether or not TV audiences really need more than one wholesome home improvement couple. TV-G. Flip or Flop Atlanta. We provide easy access to opportunities you wouldnt have otherwise. $950,109 $15k. If youre even marginally interested in the real estate market, then you have probably seen at least a couple of episodes of Desert Flippers on HGTV. FATHOM REALTY GROUP INC. $332,000. The show helped the Bennett couple by exposing their business to a larger demographic, and they now have a huge number of clients in their region. Since 2016 the property power couple have been hosts of their own HGTV show: Desert Flippers. We buy houses on your terms AS-IS, without requesting any repairs. Asked by: Annabel Sanford. NREC License # C30657 Greenville SCREC License #25486 Houston TREC What are the best real estate lead generation options today? Eric & Lindsey have been buying, renovating & selling real estate for over a decade. #desertflippers #hgtv pic.twitter.com/VN8sreQH3n, Desert Flippers (@DesertFlippers) May 1, 2019. The longer a house stays empty, the more money is lost on the project. The book by Robert Kiyosaki focuses on the idea of having money work for you through real estate investments, among other things. According to Eric, the way he and Lindsey approach their projects isn't like that. She attended Madison Area Technical College (MATC) for a couple of years, before going to the University of Wisconsin-Madison to study business. SOLD. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. ft. home is a 4 bed, 4.0 bath property. But in spite of once telling People that they aspired to be like the Gaineses, the Bennetts are actually less enthused about the comparison these days. A rotting carport, a damaged roof and severe mold send the renovation costs skyrocketing and leave the couple wondering if they should have listened to the seller and torn the whole thing down. As long as an . Find out where to watch Desert Flippers from Season 3 at TV Guide. #CO00002964 Kansas City MREC License #2019011033 Las Vegas NRED Before deciding whether to get a real estate license for your house flipping business, here are a few of the benefits of a real estate license. City News . Since they are professionally active even during the taping of the show, they have two income revenues. Related Accounts. We plan to update this list of house flipping investment groups regularly so it's a comprehensive and accurate resource for you. Agents take way too long to list and sell your house and they charge you 6% commission in the process. At the end of the day all your effort does not guarantee you will find the right buyer. But the potential reward is well worth the challenge for the investor willing to work for it. TREC License #264487 Oklahoma City OREC License #176150 Orlando FREC Where and how can real estate agents, investors and other related industry professionals generate more leads for buying, selling and renting properties? The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. ", The second flip house purchase of mine, was really a stepping stone for me. Asking Price: $285,000. 2 Baths. A good investor eventually uses several different sources to acquire investmentproperties. And I had the right mindset. It's no surprise that buyers are passing by a property that sits at end of an airport runway, but with low inventory in the desert, Lindsey and Eric decide to take a risk and purchase the home. Battling wildlife, squatters and triple-digit heat, they'll transform each dilapidated home into a desert paradise. With good ratings for the pilot, HGTV ordered a full season, and as they say, the rest is history. As a real estate investor, youll work with a dedicated agent who understands your goals and brings you properties that meet your investment strategies. Used under license. MLS access can help find deals Husband-and-wife renovation pros Eric and Lindsey Bennett are flipping Palm Springs, California, one house at a time! 786 W Palo Verde Dr Unit 2426683-60332 is a . You can contact him at [emailprotected]. In their interview with People, Lindsey said, "It's all we do, we live and breathe it." Wiki Bi What happened to Jill Hennessy from Law & Order Danny Koker's auto empire is worth $13 million. Everything goes according to plan until a rare torrential downpour in the desert threatens to rain on their flip parade and their potential for profit. 3 Beds. It's why on Desert Flippersyou're likely to see more fire pits and poolside lounging areas than on any other HGTV series. Built by David Weekley Homes. AMERICAN REAL ESTATE BROKERS. While we could make more money if we were to source the deals ourselves, we've found that working with suppliers, like New Western, saves us a significant amount of time in an area that's not our expertise. After peeling away the dirt and grime, they hope to update the design and maximize the house's stunning mountain views. We use our own funds to make our offers. Along with pitching in on the labor side of things, he lived with the Bennetts and helped take care of their kids. In speaking with People about the work it sometimes takes to convince Lindsey to go along with a purchase, Eric said, "I usually have to swindle or trick Lindsey to get into the car with me, and she thinks we're going to a romantic lunch or something and then boom! What happened to Billy The Exterminator? Golf course lot on the famous Arizona Country Club. Like typical real estate transactions, there are closing costs and associated fees when you purchase one of our investment properties. We buy houses and we are ready to buy your house for cash today! 4579 sq ft 6 Beds 4 Baths 4 Garages Pool: Yes. When you find a property youre interested in, work with your agent to acquire it. A second issue is that we don't have access to lists, resources, etc. Please switch to a supported browser or download one of our Mobile Apps. Eric and Lindsey overpay to get a foot in the door of a rundown property in a highly desirable neighborhood. Start receiving property alerts for opportunities that match your criteria. Discovery, Inc. or its subsidiaries and affiliates. Homes flipped in 2016 sold for a median price of $189,900, a gross flipping profit of $62,624 above the median purchase price of $127,276 and representing a gross flipping return on investment of . So it comes down to efficiency and luck. Eric and Lindsey are no different, and, for them, Desert Flippers and flipping houses in general is just a thing they happen to do on the side. You know the saying when it comes to investing in real estate, you makemoney when you buy, not when you sell. Lindseys family is also in the real estate business. Circle G Horse Property - 6 bed 4 bath on 1 acre. According to the videos, Eric managed to lose even more weight, a staggering 44 pounds in only four months the commercial was so popular, the company contacted the Bennetts to appear in additional commercials and ads prior to Desert Flippers. This may have been Lindseys only TV experience before the show got the greenlit, but that isnt the case Eric, as he had made appearances in Wheel of Fortune and Wipeout prior to landing the Hydroxycut commercial. I believe that Lindsey & Eric give us a refreshing view, season after season, of a real husband & wife real estate flipping business. If you are at a point where you are thinking, I need to sell my house fast for cash, then you need a better solution than hoping to sell your house the traditional way. "We take a home that's not financeable, in this casenot even livable, and bring it back to life." View more property details, sales history and Zestimate data on Zillow. A grand coastal escape located in Newport, Rhode Island. Lindsey and Eric think they've struck gold when they come across a property to flip in a desirable neighborhood with low inventory. Plus, the home comes with a vintage 1960s trailer, perfect for hosting extra guests. New Western is a great company for investors to partner with. Fix My Flip. TV-G. That's the most homes they've flipped in one . 1. #C30657 Chicago DRE License #481.013780 Columbus ODRE License However, some flipped houses stay on the market for more than 202 days as well! We offer cash for your house in its As-Is condition. Your neighborhood eye-sore could be one of our next flips. Lindsey plans for an outdoor oasis and high-tech master bath to bring the home up to par with comps in the area. With our real-estate-loving president who has . Don't miss HGTV in your favorite social media feeds. That is, if there is an upcoming season. The flippers think they can salvage the home and give it new life, but the more they uncover, the more frightening this flip becomes. Join the party! To find out more about our home buying program, please call us today: (602) 803-3723. See why Eric and Lindsey are making Palm Springs the place to live. Level Contributor. Watching people flip houses on TV has been trending for well over a decade, beginning with shows like 2005's Flip This House. Investors need a down payment to purchase the property, money left in reserve for carrying costs (like interest, taxes and insurance) and enough capital to repair the property. As she puts: Its all we do That and our family. Highly recommend Abel. Click here if you are interested in being notified when we have off market property deals available for sale. Arizona Real Estate Investor's Group. So maybe he'll pop up again in an upcoming season. Lindsey and Eric seem to be the only ones willing to take on a challenging fire-damaged home with a low price tag and high market risk. Lindsey and Eric find a five-bedroom home with a list price well below the area comps. From Californias Joshua Tree to New Mexicos Santa Fe, escape to the desert with one of these cool retreats. In early 2018, Discovery acquired Scripps Networks Interactive, HGTV's parent company. Discovery, Inc. or its subsidiaries and affiliates. Initially, the couple only planned on spending around two years in California. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Benjy has also written for DailyMail and TMZ. Our process is designed to give you full control of how you sell your home. As part of HGTV's home renovation and flipping programs, the new, ten-episode season of Desert Flippers will follow the Bennett's as they renovate homes in the desert. What level of investors does New Western work with? After inputting your property costs and other items like budget and timeline, the house-flipping cost calculator will compute the numbers to determine the ROI, profits, and total spend of one fix-and-flip project. In speaking about their house choices, Eric explained to HGTV, "We have to take the ones that other professional flippers won't take on." In Mesa, homes receive an offer and go under contract in approximately 23 days after going live, according to Redfin. #desertflippers @lindseybennetthgtv @mr.ericbennett, A post shared by Eric & Lindsey Bennett (@desertflippers) on Aug 26, 2019 at 8:39am PDT. To turn the property into the four-bedroom that it was advertised to be, they're going to have to completely reconfigure the floor plan and update everything. The commercial showed how the product helped the couple shed a good number of pounds and stay good-looking. We may receive a commission on purchases made from links. We do not work with banks so there are no financing approvals to wait for. Since 2016 the property power couple have been hosts of their own HGTV show: Desert Flippers. Posted by Eric Lindsey onFriday, June 21, 2013. When you join our exclusive buyers network, you gain easy access to incredible resources focused on finding the best flip houses for sale delivered straight to your inbox. Eric and Lindsey Bennett take on a property in disrepair that has been deemed a tear-down by the seller. No realtors, no hidden fees, no commissions & no repairs. www.desertflippers.com. That dream fizzled out too, and he started a career in financing mortgages, meantime dreaming of flipping houses, but that only began after he met Lindsey. #REO40000121, MREC License #5012548, TREC Information About Brokerage Services. Maybe Not! Work with a Houwzer agent and you only need to pay 1% for listing services, and 2-3% recommended for the buyer's agent - all paid at closing. all so in love and the property brothers & family. As she said in aPalm Springs Life interview: Its like going through an album. After all, not many people have a chance to watch their family grow up on their TV. How To Find A Buyer For Your Rehab Property Fast. Newark, N.J., came in last, with scores in the basement across all . New Western serves multiple metros and has hundreds of licensed agents around the country ready to help you find the perfect investment property to make your real estate dreams a reality. Eric added that "low hanging fruit will keep you safe until you have a larger war chest and more experience. Choosing a good location influences how long it takes to flip a house. You can also verify specific property use standards - important things for house flipping, such as setbacks and height limits - by calling them at 407.246.2269 or emailing cityplanning@orlando.gov. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Agents can be a wonderful asset when selling your house, however, it is not the only strategy you should consider. #176150 Virginia DPOR License #226035216 Virginia Beach DPOR License Arizona. This will give you the time and cash you need to find another place to live. IREC License #RB21002164 Inland Empire BRE License #02001938 It depends. If you sell a $400,000 home, that's $24,000. If baseboards or paint lines look uneven, it can be a sign that the flipper made shortcuts throughout the house. Since affordable homes are difficult to find, it's pretty fast profit to buy, rehab, and sell these days. Pair Erics savvy business senses with Lindseys bold design sensibility and theres rarely a dull moment. According to a 2016 report by RealtyTrac for Money, 2015 marked a high for people buying and selling cheap properties, but 12 percent of those properties came out at a loss or just broke even. Estate lead generation options today two years in California at a foreclosure sale the Flipper made shortcuts the... Over a decade is lost on the famous Arizona Country Club for a weekend in the door of a property... 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