All Forum Posts by: Gabe Soria

Good afternoon @Ryan S.. I am a bit late to this forum but I would look into insurance companies. From what I have heard, they are paying ridiculous amounts of money to place families into high end STR that are getting their houses worked on due to the hurricane.

0 Votes

Cape Coral, Florida

Quote from @Bernard Joseph S.:

Quote from @Gabe Soria:

There is no one way to invest. Both have pros and cons just as short term rentals and long term rentals have pros and cons. When making a decision, study the market as much as possible and understand what you are capable of. One huge factor is what market you are buying or building in. In the Fort Myers area, new builds are starting at $1M, thus limiting the amount of people who can purchase the property. But if you flip a property with and ARV of 250k, the number of buyers who can purchase after the fact is much larger.

Clarify new builds. Are you talking buying preexisting new construction or building bottom up? I can assure you it cost nowhere near $1M to build in Fort Meyers unless you want to build something for $1M. As far as already built new construction selling at retail, you don't have to spend $1M either unless thats what you want to spend.

Building from the bottom up. And to clarify, New builds having a value of $1M, not the cost of construction.

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Quote from @Todd Goedeke:

@Gabe Soria it does not cost a builder $1M to build in Ft Myers area a 5bed,4bath home. The cost to build is not the same as the listing price.

I meant $1m ARV. My apologies

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Quote from @Eric Garcia:

Hi Gabe , I'm in North Naples and looking for deals in Ft. Myers and Cape Coral. Give me call or email me

Thanks for reaching out Eric, I just messaged you.

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Cape Coral, Florida

Hey Chris,

Thank you for the offer I would love to connect!

-Gabe

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Cape Coral, Florida

Hi BP,

I am a new agent dealing in distress properties and I would love to connect with contractors, agents, property managers, etc. I am seeing a lot of new investors and out of state investors looking to flip our properties and I would love to offer referrals for them. Let me know if you are interested in connecting! Lets all reach our goals for 2023 together.

-Gabe

6 Votes

Cape Coral, Florida

A lot of my of my off market listings come from pocket listings or even facebook.

0 Votes

Cape Coral, Florida

Hi @Sam Keating, I totally agree with @Samuel Kaplan and keeping an eye on REIA. I am a newer agent dealing investment properties in SWFL and understanding what is going on in the market is the most important thing. Make sure you do your homework on the property and make sure that the CAP rate is at least at 10% and do not look at a property if the seller is not willing to show the lease agreements they have. To quickly analyze a property you're given, the 1% rule will be a great baseline to see if it is even worth your time. I wish you success and would love connect.

Cheers,

Gabe

1 Vote

Cape Coral, Florida

All Forum Posts by: Gabe Soria

Gabe Soria has started 1 posts and replied 9 times.

Post: Luxury STR in Naples FL

Post: Buying vs. Building

Post: Buying vs. Building

Post: Buying vs. Building

Post: Building a Network in SWFL

Post: Building a Network in SWFL

Post: Building a Network in SWFL

Post: New again…help me thrive please

Post: New investor in Fort Myers