Getting into contract to buy a duplex outside if Fort Myers FL what do I need to know

[Heath Shepard]

Hey everyone! I'm looking tonbuy a duplex outside Fort Myers FL that I came accross using RP Capital. Has anyone used them before? What are you impressions?

What should I know about buying in FL?

It's pretty inland and is made of cinderblocks. What construction items should I be in the lookout for due to hurricanes?

What do I need to know?

Thanks,

[Stetson Miller]

Hi @Heath Shepard,

I don't have any personal experience with RP Capital, but which specific market is the duplex in that you're considering? Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out for

Assuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen. The property owners suffering the most are those that have a roof older than 15-20 years, or those that are in flood zones, both of which can be easily mitigated in your search