Flipping Houses to Earn Money for Tuition

June 27, 2023August 26, 2023 Emma Croft

Flipping Houses to Earn Money for Tuition

Going back to school as an adult can be a daunting task. You may not have the time or money available to make it happen. But what if there was a way to pay for college while also gaining valuable experience? Flipping houses is one option that could help you accomplish both goals. Here are some tips and resources from South Florida Luxury Homes to help you get started!

Article Written By: Emma Croft emma.croft@getgardening.info

Creating a Budget

Establishing a budget is key when it comes to flipping houses. You should make sure you have done your research and know exactly how much money will be required for the purchase of the house, repairs, and any other associated expenses. Don’t forget to factor in things like home staging before you can list the property; this helps ensure that you won’t be unprepared when it comes time to flip the house.

Selecting the Best Residence

Once you have established a budget, it’s time to find the right home for your project. Look for homes that are in need of repairs but still have the potential for being turned into something beautiful. Consider factors such as location, size, condition of the property, and any other features that could add value to the home when it’s sold.

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Growing Your Green Thumb and Monetizing a Small Farm

April 21, 2023April 21, 2023 Emma Croft

Image via Pexels

Growing Your Green Thumb and Monetizing a Small Farm

Aurhor: Emma Croft emma.croft@getgardening.info

Starting a small farm can provide you with financial security and satisfaction. If you’re looking to monetize your small farm, there are some important steps that need to be taken to ensure success. The Kedersha Group has compiled a list of tips and tricks on how to get started and monetize your small farm.

Write a Plan for Your LLC

Before diving into the process of starting a small farm, it’s essential to create a well-thought-out business plan. This plan should detail the goals, financial plans, resources, strategies, and any other relevant information related to your farm. Having a clear business plan will help guide you throughout the entire process of launching your small farm.

You will also need to choose your business structure. The most common type for small businesses is the limited liability company, or LLC. This designation is easy to set up and comes with tax advantages along with personal asset protection. You will need to complete five steps to set up an LLC in Florida, which you can do on your own or through a formation service.

Determining Which Crops or Goods Are In-Demand

Next, do research on what crops or goods are in-demand in your area. This can help you determine what products would be most successful for you to grow or produce. Consider factors like local climate and soil conditions when deciding which products would be best for your particular situation.

Creating a Budget

It’s essential to create an accurate budget that reflects the cost of starting up and running a successful operation. Factor in costs like land, materials needed for production, labor, marketing, legal fees, etc., so that you can accurately determine how much capital you need to start up and operate the business long-term. You should also set up a contingency reserve so that you have the funds to cover any unexpected expenses.

Creating Marketing Materials

It’s important to develop marketing materials that will promote your business’s brand and attract customers who are interested in purchasing your goods or services. Using PDF tools is an easy way to create professional-looking flyers, brochures, posters, and more that will showcase the uniqueness of your farm while also highlighting all of its offerings and selling points.

Taking Advantage of Government Grants and Tax Credits

The government offers various grants and tax credits specifically designed for agricultural businesses. These could potentially reduce costs associated with starting up or operating your own farming business significantly. It’s definitely worth researching further into this option before making any big decisions regarding start-up finances. Additionally, there are many other forms of funding available online through crowdfunding sites like Kickstarter or Patreon if traditional financing isn’t within reach right away.

Determining the Best Pricing Strategy

Deciding on how much to charge customers for goods produced by your own farming business is no easy decision. However, there are three pricing strategies used most often by farmers today: cost plus pricing (adding fixed percentage markup on product cost), competitive pricing (charging price similar to competitors), or value-based pricing (charging price based on the perceived value the customer places onto the product).

Ultimately, it’s up to you to decide which strategy works best for your farm, but considering all three options before setting prices might help lead you closer to finding the perfect pricing solution tailored specifically to your needs.

Try Your Hand at a Hobby Farm

Starting a small farm can be an exciting yet somewhat frightening experience if you don’t have an idea where to begin. The trick is to take it slow and steady. By creating a well-thought-out business plan and determining which crops are in-demand, creating a budget, protecting yourself with an LLC, taking advantage of government grants and tax credits, and then finally settling on the best pricing strategy tailored specifically to your needs, you will truly be ready to take your first steps towards realizing your dream of owning and monetizing your very own small farm.

If you’re looking for the right property to begin your small farm or enjoy the Florida Lifestyle, contact The Kedersha Group. feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com. We will help you to find the perfect location to start your new business!

Benefits of Homeownership

June 1, 2020June 2, 2020 wkedersha

The Benefits of Homeownership May Reach Further Than You Think

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of Realtors (NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.

Non-Financial Benefits

Owning a home brings families a sense of happiness, satisfaction, and pride.

Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”
Property Maintenance and Improvement: Your home is your stake in the community, and a way to give back by driving value into your neighborhood.
Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area.

Financial Benefits

Buying a home is also an investment in your family’s financial future.

Net Worth: Homeownership builds your family’s net worth. “The median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.”
Financial Security: Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.

Economic Benefits

Homeownership is even a local economic driver.

Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.
GDP Growth: Homeownership also helps drive GDP growth as the country aims to make an economic rebound. “Every 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.”
Entrepreneurship: Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”

Bottom Line

The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.