Updated over 7 years ago on . Most recent reply
Fort Myers first investment
Anyone have any advice on a first rental property in Fort Myers. Looking for an A or B area with concrete/block construction. Priced between 800,000 to 4 million. Can anyone describe some good areas in Fort Myers to achieve these goals?
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John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Don't go in as such a lightweight. Spend at least 50M and I can show you some stuff here in Naples:)
Seriously--800K-4M? What are your plans? What is your exit strategy? You could be several decent properties and have cash flow. Properties in that price range 800K-4M won't generally pay for themselves.