All Forum Posts by: Stetson Miller

@Jose Alejandro Hernandez I frequently work with investors in your same situation, their home markets just don't offer any great options, comparatively. Following cashflow trends in emerging markets can allow you to meet your goals much quicker, even if that means getting a bit out of your comfort zone. With the right team that has experience in this space, it's more than possible to do, potentially even easier than starting without the right team in your home market

Purchasing on your own with a team in place to help with any needs will allow you to maximize your returns, but to truly have all bases covered with someone to manage the entire process, a turnkey company would be a great place to start. For that and this area, I would highly recommend Rent To Retirement. Let me know if you would like me to make an email introduction and I would be happy to do that!

@Marc Gabriel Pangilinan It's definitely not cheaper to build new construction, typically not even close after accounting for land purchase, permitting and startup costs, etc. I would recommend reaching out to local builders in the area with floorplans that you like and proceeding from there. One great resource for this would be Rent To Retirement, as they have all of this information available on their website and can easily answer any additional questions you may have. Let me know if you're interested in that and I would be happy to make an introduction for you!

Hi @Marc Gabriel Pangilinan,

If you're needing a reference for a local mortgage broker that specializes in VA loans to get some insight on how that process works here, I would be happy to provide that

Regarding the investment as a whole, are you looking only for new construction properties? From the prices you listed that's what I'm assuming, but if not, you can certainly find existing construction well below that range. In addition to that, there's other local markets that offer very similar new construction duplexes in the low $500's, so that could be another option to consider as well

@Desmond J. Hinds Interested, could you please send me additional information?

@Bob Crane In my opinion, I don't think a single attraction like that is enough to justify an STR strategy in that far Northern area, but if you were to move forward anyways with that in mind, that development will likely have some minor positive impact on demand

@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