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Updated 22 days ago,
So excited for my investor clients!
I started working with this great couple over the Summer in 2024. Their goal is ten rental properties...as quickly as they can get there, and as many doors as possible for their money.
We looked at a variety of options from STR multi-families on Fort Myers Beach to Annual duplex rentals in Cape Coral. Ultimately right before Thanksgiving we found a "twin" Quadraplexes in Fort Myers, very close to Fort Myers Beach. It was a race to get them closed in time to put into service on January 1st. One needed all new electrical panels and both needed all new water heaters - all of which I successfully negotiated that the seller take care of prior to closing. Also, in the middle of December the buyers changed lenders for a better rate, which I was also able to coordinate with our in-house Loan Officer, giving her only tow weeks to get it done. We all succeeded and one closed at 5 PM on 12/31/24 and the other closed on 1/3/25. $750,000 each unit, for a total of $1,500,000 - rents are $1,500 per unit (8 doors) and many of the tenants have been there a long time. I met with these buyers yesterday and they were very happy. Now we start thinking about the next investment.
- Carleen Murone