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32 Condo's at 70%LTV Subscribe to 32 Condo's at 70%LTV

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Real Estate Investor · Baltimore, Maryland


These condos are in fort Meyers, Florida, golf side.
The listed price is the market value we are offering
them at 70% but I will add 3%+ for our fees . Please
send me LOI fast for all the ones that are seriously
wanted. The yellow highlighted ones on the
spreadsheet are all facing the water. You can buy all
of them if you want, 1 and 2 bedrooms, as of 3:49 am
we have 32 avail. :) Once again this only goes out to
a few investors, and we committed to the seller. Seller is willing to give buyers cash back at closing.

Email me for address and specifics on these great condo deals at keithx2@hotmail.com


Real Estate Investor · Hoboken, New Jersey


Keith,
It seems as if there is something shady going on here. I live in Ft. Myers and do a lot of commercial real estate throughout Lee County. First, what body of water are they facing? Gulf, bay, lagoon, lake, pond?
What is the price vs. appraised value? What vacinity is it in? Give me something to generalize the area. Ft. Myers is huge and not all parts of the city are areas people would invest in at the time. I am not asking you to disclose the address yet, but to me and the way you have been pitching properties on this website stirs the pot a little bit and intrigues me to investigate. I will tell the forum my honest opinion if I think it is a good deal, steal, bust, or whatever. I've seen way too many of these types of posts and think that out-of-staters would like to hear some feedback...Otherwise, I don't think you will be getting many responses. Thanks and no offense meant, just want to do some quick due diligence.


Real Estate Investor · Atlanta, GA


Originally posted by "stallan54"
Keith,
It seems as if there is something shady going on here. I live in Ft. Myers and do a lot of commercial real estate throughout Lee County. First, what body of water are they facing? Gulf, bay, lagoon, lake, pond?
What is the price vs. appraised value? What vacinity is it in? Give me something to generalize the area. Ft. Myers is huge and not all parts of the city are areas people would invest in at the time. I am not asking you to disclose the address yet, but to me and the way you have been pitching properties on this website stirs the pot a little bit and intrigues me to investigate. I will tell the forum my honest opinion if I think it is a good deal, steal, bust, or whatever. I've seen way too many of these types of posts and think that out-of-staters would like to hear some feedback...Otherwise, I don't think you will be getting many responses. Thanks and no offense meant, just want to do some quick due diligence.

Interesting that you said what you said stallan. I have been getting emails from Keith and have asked a simple question such as " Can I see pictures of the property" and have gotten no response. I appreciate the request for more information for the " out-of-staters" .

Real Estate Investor · Las Vegas, Nevada


I see offers like this all the time. What I've always wondered is, if the deals are SO good why do they have to solicit people in other areas to buy them? A real estate club that I belong to just had someone in from a Florida hotel that was converting to hotel/condo. They were trying to pitch it as a hot investment that you HAD to get in on right away. If it is so hot why did he have to travel 2500 miles to try to sell them? Makes you wonder.

8)


Real Estate Investor · Hoboken, New Jersey


What I can tell you about this area of Ft. Myers is that I am very involved in the market down here and the condo market is atrocious right now. Cost of insurance is way up and because of the inventory of condos on the market, rental rates are WAY down...and I'm talking about the BEST areas of Ft. Myers. I am not personally doing any commercial investing here solely because of the insurance companies. If you want to go in a safe and productive market, try North Carolina or Georgia. I am a big fan of the coast of GA right now..Insurance premiums are still low because insurance companies see that hurricanes go directly north or south of GA...there seems to be a shield around the coast of GA!! I just spent the last few weeks in Savannah and I can't say enough how intrigued I was with the area.

But getting back to the fun part...KEITH!!! Where's the goods? Can I check it out? If you have a commitment with the seller, why can't you divulge property iinfo. Sounds like you have an exclusive on it...I will be the first to get on my knees and apologize if I am wrong about this smelling fishy...If this is a great deal, I will bow down and put it on YouTube for everyone to see!


Real Estate Investor · Hoboken, New Jersey


Keith,
Of course I am busting chops a little bit. Sorry for the over-sarcasm. As soon as I posted that I had second thoughts. But in all honesty, if this is a good buy, how can people make a good decision about it if there is nothing for them to look at...ie. Proforma, Vacancy Rate, Profit and Loss Statement for the last 2 years...etc...It shouldn't be hard to get that info to us without blowing your cover. Let us know...Thanks!!


Real Estate Investor · Baltimore, Maryland


Well I do apoligize for not making this post clear and I'm not targeting out of towners at all. All interested parties I have given further details and they have been selling. I'm sorry if I have got back to anyone who has responded. Send me a message and you may can catch the last few. No offense taking by any comments here. It comes with the game!!


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