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In North American culture, the practice of purchasing property at a low price, renovating it, and later selling it to make a profit is well-established. Numerous popular television programs in America showcase stories about this business, attracting millions of viewers and YouTube visitors worldwide.
The story of Marina Joseph, an Argentine who relocated to the United States in 2004 at the age of 18 to study Animation and Visual Effects at the University of San Francisco, now known as the Academy of Art University, closely resembles those television programs. “I thought I would live in the US for just two years to study, but I ended up finding an incredible business opportunity,” said the young woman.
Although her early career was not directly related to the real estate industry, Marina began working in the entertainment industry in Hollywood, California after completing her studies. She worked for Cartoon Network and then Disney, creating models, sets, and sculptures for television shows and theme parks. “I never imagined I would end up in this line of work,” said Marina Joseph, the founder of Sunshine State Property Ventures.
In 2013, she started focusing more on the real estate market, buying houses to rent out and generate long-term income. In 2016, she moved to Orlando due to her husband’s job, and in 2020, she decided to purchase a house to renovate and sell later.
“During the pandemic, I took a chance on buying a rundown property because it was very affordable. Despite the challenges of working alone and at a distance, it turned out to be very profitable and inspired me to continue,” said Joseph.
She established a business a few months ago, assembled a team, and is currently working on three projects based on the principle of buying low, renovating, and selling at a price that ensures a return on investment and profit. With a six-month process from start to finish, she aims for at least a 10% profit. “I refuse properties that do not yield at least 10% profit immediately,” explained the Argentine residing in Florida to LA NACION.
She operates her venture in the central area of Florida, not in Miami, as the high prices in Miami do not align with her business model. “I don’t pursue this business in Miami due to the high housing costs and financial feasibility constraints,” Joseph added.
While the primary investment for her company is around US$150,000, partners can also participate collectively. Investors can sign a contract outlining the estimated profit margin within a six-month period, after which the remodeled house is sold to a new owner. Argentine investors can engage in this business remotely without the need for travel or visa requirements.
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In North American culture, the business of buying property at a low price, remodeling it, and later selling it for a profit is well-established. There are numerous TV programs that showcase this business model, drawing in millions of viewers and garnering a significant following on platforms like YouTube.
Marina Joseph, an Argentine entrepreneur, moved to the United States in 2004 to pursue her studies in Animation and Visual Effects at the Academy of Art University in San Francisco, California. Her journey closely resembles the narratives portrayed in popular TV shows centered around flipping houses. “I initially planned to study in the US for two years, but I stumbled upon a lucrative business opportunity,” shared Marina.
Although Marina’s early career involved working in the entertainment industry in Hollywood, creating models, scenographies, and sculptures for television shows and theme parks, her transition into the real estate market was unexpected. In 2013, she began investing in rental properties, gradually shifting her focus towards buying, renovating, and selling houses in 2016 when she relocated to Orlando.
During the pandemic in 2020, Marina took a bold step by purchasing a rundown property, renovating it, and successfully selling it for a substantial profit despite facing challenges of working solo in a remote location. Encouraged by this success, she established Sunshine State Property Ventures, a real estate business that specializes in buying distressed properties, renovating them, and selling for a profit.
Marina’s business model focuses on acquiring properties in central Florida, where the market conditions are conducive to her strategy of buying low, renovating, and selling at a profit margin of at least 10%. She emphasizes the importance of thorough research and careful selection of properties to maximize returns.
The initial investment threshold for partnering with Marina’s company is approximately $150,000, offering investors the opportunity to earn profitable returns within a six-month timeframe. Argentine investors are also welcome to participate in this business venture without the need for physical presence or visa requirements.
Marina’s approach to flipping houses not only entails remodeling properties but also involves strategic planning, meticulous execution, and a keen eye for identifying lucrative opportunities in the real estate market. By adhering to a well-defined process, Marina continues to expand her business and undertake multiple projects simultaneously, ensuring sustainable growth and profitability.
