Wholesale building lots in Cape Coral Florida for investors. - 10/28/10 04:58 PM
A client brought me 35 lots scattered throughout Cape Coral, (SW) Florida.  The great thing about these lots - they are at wholesale prices and they are not foreclosures!  If you have ever thought of building in SW Florida, these lots are priced to sell. 
Here's the breakdown:
25 dry lots starting at $4900 plus commission. 3 dry tripple lots 1 dry corner lot 5 freshwater canal lots starting at $7900 plus commission. 1 Gulf access lot for $29,900, negotiable. Owner financing on all of these with 20% down.  Interest and prices will be based on number of lots purchased.
For … (1 comments)

A showing is a showing, is a showing, is a showing.... - 10/27/10 03:17 PM
Yesterday, I accompanied my Broker on a showing of one of his listings, a hotel near the Florida beach that is listed for $5.5 million with owner financing.  I made a comment that got me thinking on our trip back to the office.  One of the people on the showing was talking to me about a time when both of us were involved in Residential Real Estate.  He said this must be completely different than selling a house.  My comment, " Not really.  This is just a big house with 188 bedrooms, 212 bathrooms and a large pool."
Obviously, that's a … (4 comments)

A few of my favorite things.... - 10/13/10 03:25 PM
During my stay here in Real Estate Land, I have found a few favorite spots to check from time to time.  Take a few minutes to see if any of these work for you.  I am not referring anyone to these sites nor am I verifying their views are authenticate or even relevant.  I'm just saying I like them!  Click on the titles for more information.  (For your listening pleasure while reading)
Tax Free Strategies Blog - these are educational blogs on using Self-directed IRA's and 1031 exchanges as investment strategies.  Great info for Property Investors!
Lucyphone.com -tired of waiting on … (2 comments)

You have Invested in Commercial Apartments, Now how do you keep your Renters? - 10/13/10 09:28 AM
As an Investor, you have worked hard to get renters into your apartment building.  Now comes a very important part of being an Investor.  How do you keep renters in your building so there is a positive cash flow every month?  The best way is to develop a "win-win" relationship with your renters.
Instead of a late fee, use a pay on time discount.  For example, rent is $800 a month and you have a $35 late fee.  Write the lease with the rent at $835 and give them a $35 discount if rent is paid by the first of the … (3 comments)

"Know when to Hold 'em" is good advice for Investment Property Investors - especially Commercial Office spaces! - 10/08/10 12:07 PM

The advice from Kenny Roger's Gambler of "know when to hold 'em, know when to fold 'em, know when to walk away" has never been truer. (For your listening pleasure while you read) In earlier blogs, I have mentioned planning your investment strategy including holding costs on an investment property.  The successful investors and entrepreneurs in history have based their investments on predicting, or in reality making an educated guess, of what they feel will become profitable in the near future.
In the same way, you need to become an educated investment "pioneer".  My research time has recently been spent … (1 comments)

Real Estate Investments - Multifamily or Apartment Leasing - 10/05/10 09:24 AM
This is the third installment for people wanting to get involved in the Real Estate Investment market.  With declining market values, now is a good time to looking towards buying a small apartment building as an income producing property rather than flipping houses.
As I have mentioned in the other installations, research of the market is a huge necessity before entering this investment area.  Understand where your renters are coming from and the average rent charged in your market of interest.  Two major changes in the economy have changed the dynamics of renters.  In high unemployment areas, people between the ages … (2 comments)

Real Estate Investor's Personal Arsenal - 10/04/10 04:50 PM
Real Estate Investing can be very lucrative if armed with the right tools and knowledge.  Before giving a list of tools, I thought it might be more important to list the personality traits or characteristics needed to be successful in this endeavor.
Tenacity - the list of synonyms include words like stubborn, persistent, obstinate and tough.  A Pit Bull is usually described as tenacious.  If you give up too easy or are easily persuaded by friends and the media, this is not the field for you.  In spite of all the "become a millionaire" books on Real Estate, this is never … (5 comments)

A Dozen Essentials for a Smooooooth Home Inspection - 10/01/10 11:10 AM
How many of us have received calls from our inspector because they cannot finish our buyer's inspection?  This is a great list to pass on to all sellers and seller's agent!  thanks for the info, Charles!
Via Charles Buell, Seattle, WA, Home Inspector (Charles Buell Inspections.com):
     For some time now I have wanted to put together a long list of all the things that a seller should consider doing to get their home ready for the home inspection.  The more I thought about it, the more I realized my list was starting to look more like my 90,000 item report template, … (2 comments)

 
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Mike Cathell

Fort Myers, FL

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Real Estate Solutions of SWFL, LLC

Address: Fort Myers, FL, 33907

Cell Phone: (239) 770-6250

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