All Forum Posts by: JASON V.

When they come through with water and sewer, you will get a monthly bill too. But you will also get a assessment levied against your property for the construction/hook up costs. 

I would recommend you get a service (they're pretty cheap) to do your salt etc., so your equipment doesn't get damaged from the tenant not doing it. It's not necessary, but seeing as you're remote probably worth it. Or if your property management team is good enough, have them at least check it often enough to make sure the tenant is staying on top of it.

Only other thing out of the ordinary for Cape is assessments for when they bring city water and sewer through. You might want to budget for that, ultimately you'll get a 20-30k ish bill to pay.(it can be spread over many years, but if you're tight on cash flow it could eat into that)

I am having the same experience with renttoretirement right now. (of being much higher then Miles)

@Miles Viant  who did you get for a lender? I was also told I had to use their private money lender to do the deal...

I would assume at those prices you're looking at duplexes.(and per the title of your post) If so the rents are probably pretty close, or right on the mark depending on specific area and how nice it is. but not too far off. 

If your prices are correct, I would suggest Cape Coral and believe you will get more bang for your buck.

If you do go Lehigh, you'd probably be fine too. I have a couple out there that I have had decent luck with. Just spend the time on tenant screening and make sure you get good tenants. I find the older areas are popular in Lehigh right now and closer to everything. (plus they have sewer and water, and that can be a big expense when it comes through, or even maintaining your own well and septic adds to your costs) 

It's the lee county property appraiser website. (not national) 

Hi - I invest locally around Cape Coral. I think all of the neighborhoods would be fine for what you're looking to do. I would probably suggest just building a new duplex with how high the prices are on current inventory, and personally I would try to stay with properties that are already on sewer and water. (won't be a huge expense if they aren't for a new build,  but will save you some time and money down the road)

I would shoot for a littler higher. This is assuming that you don't have a ton of cash for down payments, and it will take you a little bit to save up again for your next property. (i.e. you purchase your second, and need to save to next year to get the cash to put down on your third) Lower cash flow is cool when you can scale quickly, and move right to your next deal, but it can slow you down starting out. Especially if you get hit with a repair or vacancy.

Then of course, it depends on your market, what's available to you, etc. Hope that helps, and doesn't just add confusion...lol

I don't think there's any requirement that the new property needs to have financing in a 1031 exchange. Without knowing more about your situation, you might able to still utilize a 1031 and offset at least some of the gains.