Author: Rehab and Flip

  • Don’t Buy a Drone for Real Estate Videos

    Written by Mike Slatton, Drone Pilot for BTGH

    8 Reasons Why Not to Buy a Drone for Real Estate Videos

    So every real-estate-mogul-wannabe is talking about getting a drone to shoot epic video of their real estate. Well, let me save you some time and energy in your search for the perfect drone.

    DON’T BOTHER.

    We did it – We bought a drone for real estate videos – and shot some epic video – but was it worth it? No.

    Here’s what we learned:

    1. Macro ONLY
    This is a tool of macro proportions only. That means that it’s only really useful for wide shots, like aerial views from 100 to 200 feet (or higher). There’s no value to fly this thing head-high around the house. Every breeze from a passing car or the AC unit is going to push it away or pull it down.

    If you want to shoot the yard and outside of the house, you’re better off just holding a camera and walking. Even better, get a hand-held gimble stabilizer for a GoPro camera. It’s good for inside and outside of the house.

    Of course you’ll NEVER fly the drone inside the house.


    2. ROI
    These things are expensive.

    An average, entry level Quadcopter with GoPro setup, extra batteries, chargers, First Person Viewer and remote control is going to cost you about $3,000. You can hire an independent film maker/drone pilot with a GoPro camera who will shoot some raw footage for you for about $100/hour, which equals about 30 minutes of footage.

    How much is an epic overhead aerial shot of your 3 bedroom, 2 bathroom listing in Lake Abbot Estates worth?

    What?!?! $100 an hour is too much?

    You’ve been thinking about spending $3000 for 4 or 5 aerial shots! (Of course, 4.5 aerial shots is the average number flights a real estate professional gets in before they either lose the quadcopter, damage it beyond repair or just finally give up and list it on Craigslist.)

    Honestly. How many aerial shots do you think you need?

    3. Deep Lacerations
    These things are DANGEROUS! Really.

    Google “quadcopter injuries” to get an idea of what’s possible.

    Would you dare put your fingers near the weed whacker string? Well the weed whacker has NOTHING on the blades of a high powered quadcopter. The drone blades are like four fully exposed Ninja blender blades. If you’re still willing to take the risk and are fully intent on wasting your money on one of these, then save yourself a little pain and anguish by following this advice:

      • Get blade guards. These will save your copter and may save you some stitches.
      • Do NOT upgrade from 8 inch blades to 9 inch blades. 9 inches is longer than the quadcopter was intended to use, and that extra half inch on each end makes a difference.
    • Do NOT upgrade from plastic to carbon fiber. When you get cut, plastic may break, limiting the injury a little. Carbon fiber WILL NOT BREAK, ensuring that the cuts to your arm or hand are deep and painful.

    They use carbon fiber to make knives.

    Heck, even if we’re just talking about limiting damage during a crash, plastic blades are cheaper and easier to replace than motors. Hitting a tree or house with carbon fiber blades will not only do damage to whatever it hits, it may bend the rotor shaft.

    4. Learning Curve
    You may already know how to shoot and edit video, but it’s going to take you about 20 hours just to learn to fly the quadcopter proficiently. If learning new things doesn’t deter you, then here’s some more great advice –

    Buy some toy quadcopters. You need to put in the flight time with the toys just to feel comfortable with the controls.

    You WILL crash while learning to fly, and you will look like a total idiot if you’re crashing your $3k drone. Instead, learn to fly and crash a toy quadcopter. They’re a lot cheaper ($30 to $80) and actually pretty durable. In all honesty, once you’ve learned to fly the toys, the DJI Phantom and similar quadcopters will be a breeze.

    Aside from the actual flying of the drone, learning to fly the quad-copter is not even the beginning of everything that you need to learn!

    Here’s a list of things you will need to know in order to fly your drone:

    What to Know Before You Fly Your Drone

    • Battery charging. (Sounds simple, and for some models it is, but many models require an electrical engineering class.)
    • Differences between Lithium Polymer batteries
    • The Controller (lots of buttons that do stuff)
    • GPS configuration (Yeah, it’s got GPS)
    • Compass calibration (Yes, it’s got a compass, too)
    • Gimble calibration (What!?! You don’t know what a gimble is?)
    • Rotor calibration
    • Firmware upgrades for the quadcopter
    • Firmware upgrades for the gimball
    • Firmware upgrades for the FPV
    • Quad-copter Maintenance (Bearing lubrication, parts replacement)

    That list doesn’t even include the camera! If you’re not familiar with the GoPro or video editing, then those are just more things you need to learn.

    5. Time

    This thing is a crying baby that always needs attention.

    First, you need to be flying it daily, to get good at it and stay good at it. If you just fly it when you have a house to shoot, you’ll always be relearning to fly it, and your video will always be less than adequate.

    And forget the time it takes to learn EVERYTHING you need to make this thing even REMOTELY useful; How about the time you spend just talking about it to onlookers and homeless people? Everyone has the same dozen questions:

    Questions People ask Real Estate Drone Pilots

    1. Is that a drone?
    2. How much did it cost?
    3. Is there a camera on it?
    4. Can it shoot missiles?
    5. Do you see me?
    6. What’s the difference between a drone and that other thing you said? (quadcopter)
    7. How long does it fly?
    8. Does it run on batteries?
    9. What happens when the batteries run out?
    10. How far can it go?
    11. Where did you get it?
    12. Aren’t those illegal?

    Of course you don’t want to be rude, but this $3k+ flying food processor needs 100% attention!

    6. Stress

    Flying the quadcopter is a 2-man job.

    Most quadcopters used for filming use a First Person Viewer (FPV) which makes flying feel more like a video game. However, unlike a video game, your view is very limited to what is directly in front of you (only what the camera sees). That means that you can’t see the tree branches that you might be rising or lowering into. For that very reason, you need eyes watching the quadcopter WHILE the pilot uses the FPV to frame the shot.

    Flying a drone by yourself is definitely not advisable.

    You have two 360 degree toggle controllers that control every aspect of the drone’s flight, and it take months to learn how to operate it perfectly in tight situations.

    Think of the stress an airline pilot feels every time he takes off, carrying hundreds of passengers. Now, consider the stress an air traffic controller feels. The pilot is in control of the craft, but the air traffic controller is in charge of making sure no one runs into each other.

    Flying the quad-copter without any help at all is like an air traffic controller controlling a plane from the ATC tower.

    But even if you’re really good and you have another set of eyes helping you, it’s still not recommended to fly close to buildings and people. Every little breeze from a passing car or an AC unit blows the drone off course by 3 or 4 feet. If you’ve only got 3 or 4 feet of space to maneuver, you WILL crash it.

    As it goes higher into the sky, the jet stream can just carry it away!

    Yes, the jet stream is a real threat.

    But it’s got GPS & a Compass!

    Sure, if you manage to lose it in the sky, it’s got tools to call it back, (fail-safe switch) but that shit is MAGIC!

    I for one don’t know how magic works, so I’m never fully confident that it will actually come back. When I switch the fail-safe button and the drone DOES come back though, I just chalk it up to good luck.

    7. Maintenance
    I mentioned maintenance above, but let’s talk about what that actually entails. First, your batteries only last about 10 to 20 minutes. That’s not a lot of flight time, so you’re always charging batteries.

    What happens when the batteries die? The drone CRASHES. Period. These things don’t glide safely to earth and they don’t have parachutes… yet.

    New Technology

    This technology is very sensitive to the elements – especially heat. We’re in Tampa and summer lasts about 8 months. That means that you’ve got about 10 minutes to get the shots you need, because after warm up, the system just gets HOT and nothing works right anymore. There’s always something not right about how it takes off or lands or the gimble isn’t working like it should. However, when you bring it back to the air conditioned office to troubleshoot, everything will work exactly as it should.

    Nobody likes working in the hot Florida sun. Not even your drone.

    8. FAA

    Every time we turn around, the federal government is trying to take our fun away. Drones and quadcopters are the latest target of the FAA.

    Why? No reason. It’s just another revenue opportunity.

    Government regulation of the piloting of quadcopters and drones will probably mean that people will have to have a “Drone Pilot’s License” to fly one in cities and other populated areas. “Licensing” is, of course, just another form of taxation.

    If the North Koreans figure out how we built houses in the 1930’s and 40’s or learn how to tile a roof with asphalt shingles, we’re gonna be in a heck of a lot of trouble!

    – Sum Idiot Politician

    Of course, they’ll come up with some ridiculous excuse for the regulation like they’re afraid that the raw video footage of your $139,000 frame house in the suburbs listing could end up in the hands of the Russians, or worse – NORTH KOREA!

    A Better Alternative

    Really, how many listings do you have that could actually benefit from an aerial view of the property?

    If you’re the type of person that goes to the night club twice a week and blows $10k on a bar tab, then everyone EXPECTS you to get a quadcopter and hire a video pilot.

    However, if you’ve got better ways to spend your capital, hire a video pilot on a per-need basis. Rates are about $100 per hour, which should give you PLENTY of aerial footage for your 2 minute promo video.

    Heck, even if you had 20 properties that could sell faster with aerial video footage, you’d save about 50 hours, and $1,000 by hiring someone else to shoot the footage.

    Save

  • Real Estate Diamonds in the Rough

    Real Estate Diamonds in the Rough

    Diamonds in the Rough

    In the gemstone industry, there is a process to creating a ring, necklace or bracelet. That process begins first with gem miners who must dig underground for “rough” stones that will then be sold in markets visited by brokers and “cutters”. The rough stone brokers buy “gem rough” in bulk and then sell to cutters worldwide. The cutters buy the rough stones and cut and polish them into works of art. From there, a gem broker or wholesaler sells them to jewelery designers and retailers who set them and sell them.

    The investment real estate industry operates in a similar manner.


    Master Diamond Cutter

    The gem cutter is the most respected of all the jewelry professionals, as he is the artist that takes the rough material and turns it into a focal piece. Investment property rehabbers are very similar, in that they are the artists that take rough real estate and rework it into something a home buyer can appreciate.

    Cutting & Polishing Real Estate

    Up the line from the rehabbers is Bay To Gulf Holdings (BTGH). We are the miners of rough Tampa Bay real estate. We look for the stuff that most people ignore. We look for potential.

    From auctions to bank sales to private sellers, we buy houses, condos and multiplexes that no one else wants to touch. Then we trash them out – sometimes gut them – and prep them for investors who will rehab and polish them, making them ready for a tenant or renter.

    We’re the rough gem brokers. You’re the polisher. If you’re a Tampa Bay real estate investor looking for diamonds in the rough – we have them.

    Let’s work together to create something beautiful.


    Looking for the best (priced) diamond engagement ring in Tampa Bay? Call Paul at LCRings.com – Best rings and diamonds at the best prices in the area. 813-447-5577.

  • Real Estate Title Company Tampa

    Real Estate Title Company Tampa

    Choosing a real estate title company in tampa is a lot like choosing a day care facility for your children. You want someone who is going to take the time to do what’s best for you and them. Unless you already know someone, you do a lot of research to just end up going with a referral from a friend or close acquaintance.

    Real Estate Title Company, Tampa

    If your tired of looking, or just don’t have the time to look, we recommend Achieve Title in south Tampa.

    Good People – Great Service

    In any business, a company is only as good as it’s people. At Achieve Title, that person is Tonya. Tonya has over a decade of experience and her attention to detail is unmatched by anyone in the area. No one takes their job more seriously than Tonya, and she recognizes the importance of good customer service.

    Tampa Title Services Provider

    Whether it’s Home Purchases, Sales, and Mortgage Refinances, Assignments of Contract and Double Closings, Commercial Contracts, Escrow and Settlement Services, Owner and Mortgage Title Insurance Policies, Condominium (Condo) Conversions, Notary Services and “At-Home” Closing and Settlement Services, IRS Section 1031 Tax Deferred Exchanges, Short Sale and Foreclosure or general transactions, the best Tampa title company in the Tampa Bay area is Achieve Title.

    When Things Go Wrong

    Property line disputes are no joke, but if you’re interested to know what happens when you don’t get a good property inspection or your title company doesn’t perform their due diligence, click here.

  • Tampa Properties: Best Real Estate Investment in Florida

    Tampa Properties: Best Real Estate Investment in Florida

    Buying, Selling & Renting Tampa Properties

    The Tampa real estate market is booming. Investors are buying Tampa properties due to a number of figures and forecasts, as related by Trulia, Zillow and a variety of other news sources.

    With news like that, you’d think that it would be difficult to compete. The truth is though, that while values are climbing and competition IS getting stronger, big players like Blackstone have pulled back from Tampa and other local, real estate markets. In fact, they’ve all but ceased investing in residential real estate altogether and are now focusing their energies and capital oncommercial real estate like hotels, as far away as India and Greece.

    This has resulted in more opportunities for smaller investors.

    In a recent article published in Travelers Today, Tampa properties are the best investment in the Southeast. Trulia has stated that most real estate markets – including Tampa real estate – are 10 to 41% below values of the previous peaks.

    Real estate is a great long term investment, but reports are showing a steady incline in values that make it a great short term investment as well.

    Don’t Call it a BUBBLE

    The US has suffered it’s share of FAILS over the last decade, but history shows us that it’ll be another decade before we make that same mistake again. Canada on the other hand is due for a real estate market crash rather soon. Chicago-based investment firm Morningstar is warning real estate investors to stay away from the Canadian housing market.

    Ont he other hand, according to Zillow, Tampa investment real estate is estimated to experience a nearly 7% increase in value over the next year. That gradual increase indicates that buying Tampa real estate is a safe investment.

    Where to Find Tampa Investment Real Estate

    Whether you’re interested in move-in-ready rentals or rehab-and-flips, BTGH has real estate all over Tampa Bay. View our list of Tampa investment properties to find real estate that is ready for your needs.

  • Real Estate Marketing DONTs

    Real Estate Marketing DONTs

    Marketing real estate seems pretty forthright: In the simplest context, you’re just telling people about what you have for sale. In theory, the more people you share your information with, the closer you are to a deal. Technology and the dominance of the main stream media though, have made selling ANYTHING a challenge.

    You have a property that you’re sure many people would be interested in. Showing and telling them about it however, is like finding your way out of a Halloween corn maze. Internet technology is supposed to make selling your product or service EASIER, but instead, you’re spending your days trying to distinguish between SEO, SMM, PPC, and PDA (PDA, of course, has nothing to do with the Internet).

    So let’s make it simple. The first thing you have to do is FIND all of the people who might be interested in your offerings.

    Active Marketing

    No matter what strategies you’re using, the best methods of lead generation and closing deals include talking directly to people. Don’t waste your money on passive techniques. If you’re tired of spending lots of money hoping to grab lots of market share, just to end up disappointed month after month, here’s what to do:

    Capture the Contact

    Yard signs with your phone number and general information are normally considered a passive approach to selling real estate.

    However, you can improve your return by adding a call capture or SMS capture system. For the caller (prospect), these systems are simply an automated message containing information about the property. For you (the seller), it’s a lead capture system that automatically texts or emails you the caller’s contact information.

    Of course, surprising someone with a call after they thought they were just performing an anonymous task can be a little traumatizing, so be delicate, and explain your system. They’ll appreciate the honesty.

    USE Your Website

    Most real estate websites are little more than a brochure, floating on the Internet. To get a better return from your website traffic, make sure that visitors can sign up to be automatically notified of all new listings that meet their search criteria. This is still passive, but it proactively engages your visitors, and is as simple as installing a newsletter sign-up form (assuming THAT is simple for you).

    Know the Neighbors

    Shift your open-house from passive to active by inviting the neighbors. Knock on every door within 3 blocks and tell them to bring the kids. Have some cookies and lemon-aide available. Don’t just do this for SALES, do this for RENTALS, too. Everyone has a friend they wished lived a little closer.

    Only Give Business Cards to FRIENDS

    Everyone should do some print advertising, but the big FAIL for most people is to hand it out too soon, or not at all.

    Our networking rule of thumb with print marketing or hand outs is to only hand it out to friends. That of course means NEW friends as well as old friends.

    Don’t put a time limit on when you can be friends with someone.

    Think back on times when you’ve made someone’s acquaintance and you immediately felt a connection. If you TRY to feel that way with every person you meet, you’ll find that you have a lot of friends and a lot more business.

    After the connection, give them the hand out. They’ll ask questions about your business just to keep the conversation going.

    Get a Drone!


    Phontom drone with GoPro camera, for virtually showing Tampa Bay real estate and investments

    If you have money to blow on fancy brochures that you’re never going to hand out or mass mail-outsthat will yield a return of less that 1/10 of 1%, you may as well go ahead and buy a drone, too.

    Drones are essentially just remote control helicopters that can carry video cameras or deliver pizzas. Drones are also great for capturing overhead video of property and landscapes, as well as promoting the overall neighborhood. After you’ve captured the great footage, go ahead and upload it to YouTube. Video is great for getting your properties found on the Internet.

    Of course, avoid this trap at all costs if you don’t have 20 hours to configure your system and 80 hours of flight lessons budgeted.

  • Where to Start Investing in Real Estate

    Where to Start Investing in Real Estate

    Straight to the point – the best place to start investing in real estate is in your own backyard. Real estate investing can refer to any variety of land development types and buildings. Before you buy your first property though, have a plan, and customize it to fit your personality and position in life.

    Interest rates are still (as of July, 2014) very low, and the competition is still pretty light, so getting into real estate is still relatively easy. That ease of entry though is what can also make real estate a BAD INVESTMENT, though purchasing real estate will NEVER be as risky as the stock market.

    Perhaps you enjoy risk and would prefer a “rehab and flip” business? Or maybe you are looking at long-term stability and would prefer investing in single-family rentals. Or, maybe you don’t want any involvement at all and would rather just “become the bank” by lending money to other investors and earning a passive return. There are hundreds of ways to invest in real estate, so find the strategy that best fits your lifestyle.
    First PropertyYour first investment property should be relatively easy to get started with.

    First Property
    Your first investment property should be relatively easy to get started with.

    • Focus on well-maintained homes – Ease into the buy-and-flip or buy-and-rent market by purchasing a property that requires less time and effort to get “market ready”. Marketing is the #1 most important piece of the investment real estate puzzle. Starting light will let you focus on more important things -like getting a return on your investment.
    • Avoid high-end homes – Expensive homes result in lower net rental income, compared to the price you’ll pay for it.
    • Buy properties first as personal residences, then change them to rentals – Living in it for a while will give you insight into what needs to be fixed, before you sell it or rent it. Also, owner-occupants get better financing.

  • Tampa Lightning Creating Version of LA Live at Channelside

    Tampa Lightning Creating Version of LA Live at Channelside

    Near the Staples Center – home of the Kings, Lakers, Clippers and Sparks – there is a downtown entertainment experience known as L.A. Live. Full of restaurants, clubs, theaters and featuring special events, LA Live is where adults play in the Los Angeles area.

    A group headed by Tampa Bay Lightning owner Jeff Vinik on Monday unveiled its own version of LA Live – a glitzy vision for resurrecting the long-ailing Channelside Bay Plaza in downtown Tampa and tying it into a waterfront entertainment district.

    Unifying the district — paving the way for Lightning fans to easily go from the Tampa Bay Times Forum to Channelside restaurants after a game — is a vision Vinik and his partners have had since arriving in Tampa four years ago.

    “It was always contemplated that all of this would be connected somehow. It just hasn’t happened, and we’re intent on making that happen,” Lightning CEO Tod Leiweke said. “This could be something cool. This city deserves something better.”

    “We can make it America’s next great waterfront,” added Jac Sperling, a sports financial adviser who helped facilitate Vinik’s purchase of the Lightning and is CEO of the CBP Development, the Vinik-controlled investment vehicle making the Channelside bid.

    The governing board of Port Tampa Bay loved what it heard so much, it unanimously pre-approved negotiating a lease with Vinik’s group for the site. The port owns the land beneath Channelside and has long asserted a right to approve any sale.

    But before negotiating with the port, CBP Development must first win control of the property out of federal bankruptcy court in Delaware.

    CBP is bidding $7.1 million to buy Channelside, the opening high bid in a bankruptcy auction slated for Wednesday.

    Liberty Channelside LLC, a group under the control of bay area real estate investors Santosh Govindaraju and Punit Shah, said in court documents that it will place an opening bid of $7 million for the property.

    But Liberty, which specializes in reviving distressed real estate, was a no-show for Monday’s scheduled presentation, apparently preferring to take its chances in court. Liberty had tried to buy Channelside last year until the port killed the deal.

    Prior to the meeting, Govindaraju said in email response to questions from the Times that he could not comment because of ongoing litigation. Asked later if that was the specific reason for not attending Monday’s presentation, he said, “it is all tied together.”

    The port itself is a third and final bidder in the bankruptcy auction, placing an opening bid of $5.75 million. The board Monday authorized a maximum bid of $15 million.

    But it’s making those preparations as a fail-safe to keep control. Port leaders have said they do not want to spend the millions needed to fix Channelside but want a say in picking the developer who will.

    They made that choice Monday.

    Pat Allman, secretary/treasurer of the port board, said CBP hit all the buttons during its presentation: It promised to take care of Channelside’s existing tenants who have suffered during the outdoor mall’s prolonged funk; it is willing to pledge millions of dollars to fix it up; and it has a vision to make things better.

    “This thing has failed since its inception. They have the best chance at revitalizing it,” Allman said.

    Vinik, who bought the Lightning and the Tampa Bay Times Forum lease in 2010, has previously assembled 23 acres of empty Channel District property that could tie into its plans.

    In 2012, Vinik wowed the port’s governing board with a vision of creating a “Tampa Live” version of L.A. Live, a mix of hotels, shops, residences and restaurants built next to the Staples Center, Los Angeles’ home for its NBA and NHL teams. He backed off, however, after a protracted legal battle emerged between the port and an Irish bank that had controlled the property before bankruptcy.

    On Monday, Leiweke and Sperling highlighted Channelside’s makeover as part of a “vision of connectivity” for much of the waterfront, including the Florida Aquarium and the convention center. Beyond a physical connection to the sites, Leiweke said, there needs to be an emotional connection and branding connection so visitors associate all the attractions together.

    Alluding to a concert at the Times Forum Monday night, he said, “Our dream is Katy Perry is having chicken wings at (Channelside’s) Hooter’s post-concert tonight.”

    The circular centerpiece for the new Channelside Bay Plaza would feature a large screen and be capped by “Channelside Live” signs. CBP’s renderings showcase an entertainment complex heavy on open-air and glass elements, including a glass bridge with tubular supports that connect to the parking garage, glass skylights and an opaque glass box lit from the inside.

    The group would not specify what retail, restaurant or hotel brand names it has in mind as tenants. Nor would it say how much it would invest, beyond pledging to spend more than the minimum $8 million estimate that consultants pegged it would cost just to fix the site.

    An endorsement by the port board is viewed as crucial since it controls the land under the site But a green light from the port is just the first of several steps toward determining Channelside’s fate.

    On Wednesday comes the bankruptcy court auction. There is no guarantee, however, that the highest bid will prevail. Auction rules state that the “best bid” will win, which means a bidder must prove it has the resources and capability of reviving the nearly empty outdoor mall.

    The bankruptcy judge has final say for approving the winning bid at a July 15 hearing, which is also an opportunity for other bidders to challenge the winner.

    * Content and primary article information was harvested from Tampa Bay Times writer Jeff Harrington‘s article.<h/5>
  • 48th Ave Rehab

    48th Ave Rehab

    There’s no better feeling then the sense of accomplishment one feels when they finish a project. Rehabbing investment properties in Tampa is one of the most enjoyable aspects of our business.

    Tampa Investment Property Rehab

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