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Updated 9 months ago on . Most recent reply

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49
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Corazon B.
3
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49
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Good Deal or Bad Deal?

Corazon B.
Posted

I'm looking for a property to purchase in the Cape Coral, FL area. I'm looking to pay cash since my job is not stable and move from one job to the next (i'm an artist). I would like the property to have great appreciation and some cash flow to contribute to my retirement in the future. I been looking at some properties online, would you guys say this is a good deal or not? https://www.realtor.com/realestateandhomes-detail/1447-NW-1s...

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Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
1,044
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1,745
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Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Replied

Avoid flood zones? The most lucrative properties in the state of Florida are in flood zones. So, what they are telling you is to stay out of the best and most profitable areas. Don't listen to these two, they are talking about investing based on fear and recent memory as opposed to what makes sense for your goals. 

I am telling anyone that will listen to buy in Cape Coral as the SFH's are on sale right now. I am throwing out offers daily. I know the house that you posted and I used to work with the listing agent of this property. I would tell you that there are better deals to be had.

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Bartomeo Property Management
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