The 2019 Orlando House Flipping Situation
What you need to know about Orlando investment properties:
The house-flipping industry in Orlando, FL is currently booming, but becoming increasingly competitive according to the Orlando Sentinel. The Orlando Sentinel published an article in 2019, compiling multiple interviews from house flippers, several real estate experts, and senior economists on the latest house flipping situation in Central Florida.
Orlando ranks as one of the top markets to flip houses in the United States, and investor participation in this industry has blown up since the economy has recovered from the 2008 recession. The rise of Orlando’s investment properties has been correlated to the strength of its economy. Orlando has an incredibly low unemployment rate, an increase in construction, a high number of people moving to the area, and home value continuously going up.
The great rise in investment properties has posed a problem to investors. More people have gotten into house-flipping, which has to lead to decreased inventory and lower profitability. Several homes face distressing situations that include issues with titles, code violations, unpaid homeowner association fees, and various other problems. Sometimes, people inherited a house and want to sell it. Many times, a homeowner wants to get out of their distressed home. These issues stand in the way of investors purchasing their property.
The distressed property situation has been looming over homeowner and investor heads, but Evan Shelley at Meli Homes has targeted this niche market and found the resolution to this difficult situation. Evan purchases these distressed homes and then finds investors to flip these properties. It’s a win-win-win for homeowners, Meli, and investors.
Although this is a lucrative business, it is warned that those new to house-flipping ease their way in by renting out flipped properties. This will allow beginners to appreciate the real estate business and gain experience to eventually become expert real estate investors.
The Meli Experience
Meli Homes is a small business located in Orlando, Florida that was created by Evan Shelley. It’s Meli’s pleasure to serve Florida homeowners struggling to sell their homes for one reason or another. There was a need in the community and created our business to help Floridians who weren’t able to handle the difficulties that come with selling homes that are distressed.
Meli works closely with partner attorneys, realtors, and investors to purchase homes from our neighbors in these situations. Our goal is to help them find the best solution, even if it isn’t with us. We truly want to help people who are struggling – those who inherited a house and want to sell it, or whose titles are trapped by probate, code violation liens, and more. At Meli, we believe that you deserve to live without the stress these issues can cause. That’s the Meli way.
If you‘re in a difficult-to-sell home and are interested in selling it quickly, contact us!
