All Forum Posts by: Stetson Miller

@Ricardo Malpartida This would largely depend on your strategy. If you're looking for somewhere fairly safe and consistent to store cash, land purchases in this area could be a good option. However, if you're really looking to grow that money, this isn't something I would recommend as it's not expected that these lots have a ton of upside in the near future. Unless you also had plans for new builds in the near future, in my opinion, there's much better investment options available in the immediate area

@Adam Sorrells For inspections, I would recommend A Handy Home Inspector, management Royal Palm Property Management

Regarding market standings in Cape Coral, the hurricane really didn't have a significant impact on the city as a whole. There were certain areas that saw extensive damage, but this was by no means what everyone experienced. For now, other than those areas that were hit hard, I wouldn't say there's any remaining impact from the storm. Northern Cape Coral has seen some massive growth over the last few years, and this is expected to continue. South Cape has had a long-term sustained demand, so you wouldn't expect the drastic changes you see in other areas, but the higher demand is still being sustained

Hi @Maged Habib,

I would recommend looking into Cape Coral. Here, you'll find an equally strong STR market, but without the restrictions, higher price, and HOA's that you typically find in the Naples market

Hi @John Brice,

I would definitely recommend looking into Cape Coral. Price point you're looking to target is one of the biggest determining factors for which city and strategy will work best, but most of my clients find Cape Coral to be the best fit

@Justin Cabral Can second Cape Coral being a good fit for what you're looking for. Depending on the price point, you'll be hard pressed to find anything else that will cash flow elsewhere in Southwest Florida

@Eric Cozby The advise above is great and I definitely agree with all that's been said. One thing I would add to that too though is that we typically see the value of the property improve once the city utilities are connected, less any outstanding balances to be paid. Although no one likes seeing those assessment balances, keep in mind that is something that's still beneficial for the property and for you as the owner as well

@Daniel Murphy First and foremost, please send me the details as I have clients that I know would want to purchase this, whether that includes me in the deal or not

Like others have said, it is significantly to your advantage to have an agent involved in your transaction for all the reasons listed above, so there's no need to reiterate that. What I will say though is that it's very common for homes in Cape Coral to be sold fully furnished and/or turnkey, and these homes do typically sell for a premium with higher demand, so this is a market that I believe it would be advantageous to the seller to offer that as part of the sale

@Anthony Montano Check out multifamily in Lehigh Acres. Very high population growth over the past few years and sustained high rental demand along with that. Numbers still have potential to work out very well

@Michael Frank This is likely something you'll need to connect with an agent for due to the additional criteria we can place on MLS searches. Another approach would be to look on commercial listing sites like Loopnet and Crexi

@Ryan F. Our busy season is typically October-March, so this past season was almost completely taken out. Many STR operators though were able to rent to contractors and other trades coming in for damage during that time. As we're nearing closer to 100% restored in Cape Coral specifically, and contractors are now moving out, the STR market has returned to what would be typical of a normal slow off-season that we see in the summer months. This is a good indicator that the coming busy season starting later this year should be a return to course as well