Lindsey Bennett is a star on the HGTV show Desert Flippers She grew up in a family with a background in real estate and attended the University of Wisconsin-Madison to study business She met her husband Eric Bennett in a Verona Draft House while applying for a job They have three sons and have flipped more than 100 houses They have a net worth of close to $2 million and receive $20,000 per episode of Desert Flippers plus $25,000 per flipped house. We've also found that there tends to be a decent spread on the properties. A few weeks later, they were officially a couple, and six months later, the pair packed cars and moved down to Palm Springs, where Lindseys cousins owned and operated their own real estate company. By Christine Liwag Dixon / Updated: May 18, 2021 1:19 am EST. Discovery, Inc. or its subsidiaries and affiliates. The flippers have to make some hard decisions on design if they want to attract buyers while staying under budget and on schedule. 2 Baths. Kick back in this custom-built, three-bedroom, four-bath home in Santa Fe. #desertflippers @lindseybennetthgtv @mr.ericbennett, A post shared by Eric & Lindsey Bennett (@desertflippers) on Aug 26, 2019 at 8:39am PDT. When you find a property youre interested in, work with your agent to acquire it. The two-bedroom, two-bath home is on the edge of, You might have spotted this home on Instagram as #thatdeserthouse or. Lake City DRE License #12888431-CN00 San Antonio Central TREC License Lindseys family is also in the real estate business. Reality TV has been on the Bennetts' minds for some time. AMERICAN REAL ESTATE BROKERS. But it wasn't just Eric in front of the camera. Husband-and-wife renovation pros Eric and Lindsey Bennett are flipping Palm Springs, California, one house at a time! 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. The couple told Agent Magazine that their most challenging flip a five-bedroom, 1930s Spanish estate that required them to beg and borrow from everyone they knew actually wound up being their most successful. We remove the uncertainty from the process by using our own cash and in a very quick turnaround time. $570,000 x 0.7 (70%) = $399,000. The . If they want to make top-dollar, the duo will need to update every room and revamp the entire floor plan. We specialize in helping homeowners relieve the pressure of owning a home they no longer want. Sedona, Arizona. Newark, N.J., came in last, with scores in the basement across all . With a regular W-2 job, theres often even less time to dedicate to finding properties.". It's an area that's in the middle of a massive real estate boom . We invite you to check out the brands and products we feel represent the very best in home renovation and design. Once we evaluate the property, we then present a written offer that is fair based on the condition of the house. How much does it cost to do business with New Western? And thats not all the family has been on the move for almost a decade at this point, moving to another home every six months on average. 6544726 MLS. Watching a show like Desert Flippers, which has a half-hour runtime, is an incredibly different experience from actually living it. Lindsey and Eric Bennett look to turn a quick profit after finding a great deal on a house. The book by Robert Kiyosaki focuses on the idea of having money work for you through real estate investments, among other things. But as filming on the series went on, Uncle Mike seemed to have less camera time. Our process does not involve getting pre-qualified by a mortgage bank in order to obtain a home loan or listing the property on the MLS or any other listing platform. We provide investing opportunities for private money lenders looking to invest in our real estate projects. When Eric saw that HGTV was looking for house-flipping families, he knew it was the right fit for them. Pittsburgh PREC License #RO302500 Raleigh NCREC License #C31854 Salt Finding the right investment property can be a challenge. Choosing a good location influences how long it takes to flip a house. Even if you never watched a minute of the show, you may find Eric and Lindsey Bennett a little bit familiar. Not only does she stop to take a picture with every single fan she meets, but she also loves to discuss their own company renovation projects with her fans. We use our own funds to make our offers. We also don't enjoy scouring deals as much as we enjoy managing and working on projects. 121 Juan Cir , Palm Desert, CA 92260-2132 is a condo unit listed for-sale at $579,000. After renovating the space into a high-desert getaway on Airbnb with five acres of privacy, desert and mountain views, and artistic details like the color-blocked mural on the exterior, the three-bedroom, two-bath home is now on the market. Eric & Lindsey have been buying, renovating & selling real estate for over a decade. But for as much time as they spend on real estate, their number one focus has always been on their family and their faith. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sometimes when life sneaks up on us, we may not be financially prepared to handle the challenges ahead. Eye the baseboards and paint. But when you go behind the walls of houses that live in triple-digit heat, you never know what you might find, scorpions, rattlesnakes, black widows and even squatters. The Desert Sun noted that HGTV had previously announced the series renewal the prior December. Because they live and work in Palm Springs, an area known to be a desert retreat, the exterior of a home is just as important for them, if not more. You are in no way obligated to take our cash offer if it does not align with your expectations. Were here to help every step of the way. New Western agents are constantly hunting down local opportunities. MLS # 219093678DA An alternative solution to consider is to find the right cash home buyer in your area, such as Desert Flipper, that can offer you the best cash offer and a quick close. I spoke with several other companies at the same time I was talking with New Western, but what I found was a few just didnt seem educated enough to answer my questions. 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. I have been very happy with my first investment - New Western made the whole process very smooth, they are very responsive, and I look forward to more investments in the future.". #desertflippers #hgtv pic.twitter.com/VN8sreQH3n, Desert Flippers (@DesertFlippers) May 1, 2019. On the surface, they have a lot in common with each other, as the couples are both made up of designer wives and lovable husbands who seemingly have a boundless supply of dad jokes. #REC.2021003935 Dallas TREC License #589457 Denton TREC License Copyright 2023 S Media International Corporation. Lindsey Bennett is a star on the HGTV show "Desert Flippers". The two immediately liked each other, although they come from different backgrounds. The Wisconsin transplants have been living and flipping in Palm Springs, Calif. for over 12 years. A good investor eventually uses several different sources to acquire investmentproperties. From Californias Joshua Tree to New Mexicos Santa Fe, escape to the desert with one of these cool retreats. Of course, every experienced house flipper knows theres a lot of hard work, determination, and even failure, left on the cutting room floor. If you are looking to buy Luzon luxury property or lease Luzon luxury property we make it easy to find your dream home by letting you filter using listing search results. 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. 2 Baths. 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 . It is vital to ensure you are funding the flip fully. This will give you the time and cash you need to find another place to live. Everything else is 50/50. 25927 N 19th Dr, Phoenix, AZ 85085. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. All Rights Reserved. In January 2019, Radar Onlinereported on an appearance the couple made at the Las Vegas Market Home and Gift trade show. single family is a 3 bed, 2.0 bath unit. www.desertflippers.com. for Sedona, Arizona, Monument Valley. 19465 E Via Del Oro, Queen Creek, AZ 85142. Within this network, there are effectively 3 types of professionals that you should consider reaching out to. ? The best part of our process is that its absolutely FREE. Please switch to a supported browser or download one of our Mobile Apps. The team hopes a little elbow grease and a modern Moroccan design by Lindsey will be enough for them to jump over their hurdles and sprint toward a sizable profit. She met her husband Eric Bennett in a Verona Draft House while applying for a job. So we have 21 to 22 minutes to get a lot of content in." After renovating the space into a high-desert getaway on Airbnb with five acres of privacy, desert and mountain views, and artistic details like the color-blocked mural on the exterior, the three-bedroom, two-bath home is now on the market. WhileFixer Upper was a show about transforming a client's actual house into something incredible and unique, the focus of Desert Flippers is on the transformation of a home before a buyer ever even steps foot into it. Securing the right flip house at the right price can mean the difference between a successful deal and a flop. The TV show recorded its inception in 2016 and has been a tremendous success since then. Not us. That's because the number and general scope of projects the Bennetts were taking on required more than just one guy. Its finding the right property at the right time. im so over chip & joanna :( and forget flip or flop! Neither overly frugal nor extravagant, they aren't trying to make enough money to buy up the town or a $4M house, they just want to renovate run-down homes, make a modest profit, and make time for their children. Pair Eric's savvy business senses with Lindsey's bold design sensibility and there's rarely a dull moment. It's really like your [outdoor space] is an extension of your home." I get a wonderful feeling of accomplishment from the before and after pictures and a nice check to deposit in the bank account. United Country does not guarantee
Online Real Estate Listing Sites. New Western is a great company for investors to partner with. The flips in 2021 represented 5.5% of home sales in the country. John Feld, senior vice president of programming for HGTV and DIY Network, told Palm Springs Life, "We follow their real business," adding, "So even though we are aware ahead of time which houses will be featured, we don't interfere in the process.". 1,690 Sq Ft. . License #BO2034664 Philadelphia PREC License #RB067997 Philadelphia Related Accounts. Working with New Western will increase the number of properties you can analyze in a local market at any given moment. As a real estate investment brokerage, New Western offers a vast inventory of value-rich properties for a variety of investment strategies. These costs vary depending on the property itself as well as the local market youre investing in. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2023-04-18 06:57:20 PDT. In the meantime, Eric proposed to Lindsey and they married in Lake Monona, with the reception on a boat named Betty Lou. The couple now has three sons, Graham, Dean, and Roman, who are regularly featured on their show. As she puts: Its all we do That and our family. Its critical to understand the local market and find flip houses that meet your specific investment criteria. In real estate, location is everything, though, and Lindsey and Eric hope their upgraded design is enough to overcome this home's unfortunate downside. Benjy is currently a reporter for BiographyPedia based in Adelaide, Australia. Then, of course, there's the amount of time a finished flip sits on the market. If you wish to report an issue or seek an accommodation, please let us know. We may receive a commission on purchases made from links. License #000149602 Boston License #423738-RE-C Charlotte NCREC License When Eric and Lindsey first met over a decade ago, they were both in their late 20s and were both working on basement renovation projects in Wisconsin. This browser is no longer supported. 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. While all of those are respectable jobs, they dont really have anything to do with the real estate industry; nonetheless, Lindsey credits those work experiences for helping her in her home flipping career. What are the best real estate lead generation options today? What level of investors does New Western work with? There is a world beyond the MLS and New Western offers a vast inventory of properties hidden from most investors. Increasingly, those flip houses were being bought with all-cash offers. Like typical real estate transactions, there are closing costs and associated fees when you purchase one of our investment properties. No posts yet. If our cash offer is the right option for you, we will open escrow and you can receive your cash in as little as 7 to 14 days, or on your timeline. Buy & Sell Homes Directly Online in No Reserve Auctions with Auction Flippers, LLC FRISCO, TX / ACCESSWIRE / March 3, 2021 / Auction Flippers, LLC presents easy-to-navigate site and mobile app (available on both iPhone and Android devices), Auctions Flippers is designed to help investors save time and money by listing available properties in an auction format, with financing options for . "Uncle Mike is still around," she said. You are in no way obligated to take our cash offer if it does not align with your expectations. There were 323,465 flips of condos and single-family homes, which was the highest in fifteen years. Charity Begins at Home, Doesn't It? The Bennetts certainly love what they do. Pair Erics savvy business senses with Lindseys bold design sensibility and theres rarely a dull moment. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Stars of HGTVs Desert Flippers @mr.ericbennett @lindseybennetthgtv. The interviewer introduced them to each other and they hit it off right away. New - 23 hours ago New Construction. Desert Flippers. RedRox. Please verify all facts with the affiliate. Christina and Tarek El Moussa and however many people they inspire to pick up a house at a foreclosure sale. In addition, they own a property in Whitefish Bay as well as four others in Dane County. Copyright 2022 Desert Flipper. One of our local associates can provide cost details in your specific market during your onboarding meeting. That's why we turn to experts, like NW to help us!". Real estate listing websites are the most popular sources of investment properties, so it's a logical place to start finding homes to flip. The housing market in Palm Springs, CA is one of the fastest growing in the country. We took an RV all the way from SoCal to Wisconsin! LOT 78 Mb 029-050, Desert Hot Springs, CA 92240. Coachella 2023: What to pack for a weekend in the desert. In an interview with Agent Magazine, Eric explained that both he and Lindsey had longstanding family ties to real estate sales and investing. At the end of the day all your effort does not guarantee you will find the right buyer. Now, you reap the rewards from our experience and lessons learned with a fast, seamless transaction and a clear title at closing. He is responsive and extremely helpful. Sometimes a home may be in need of repairs, and is selling at a discount. Dilapidated homes in Palm Springs are renovated by married Wisconsin transplants. The show has been a massive success over the last few years dealingdouble-digit ratings for the network and landing a prime time slot for Season 3. The unfortunate part is that these days turning a profit is something of a crapshoot. 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. Sources to acquire it deals as much as we enjoy managing and working projects... 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