All Forum Posts by: Alexandra Feig

Hi Greg,

Much of the data you seek can be found in an online search and you'll also find many news stories about the area, and Cape Coral in particular. The hot housing market has generated a lot of interest and coverage that will fill in the gaps with anecdotal information too. My brokerage's research department puts out a monthly market report for Southwest Florida including Cape Coral, Fort Myers, Fort Myers Beach, Sanibel and Captiva Islands, Bonita Springs / Estero, Naples and Marco Island. I can email it to you if you'd like to receive it. 

If you wait for the crash you'll be waiting. The markets so volatile, my suggestion which helped me was you just have to put in the leg work when the market is like this. You need to go driving for dollar and in fact there's 2 good apps I have used when it comes to that, they will send out mailers for you. You will be able to get leads that way, but talk to family and friends and let them know your looking and network. You never know who wants to sell there house and may want to do it privately but they were waiting for that right person to come along and push them to do it! Best of luck!

@Alexandra Feig you might need to refine your criteria a little further. Is your primary objective cash flow of appreciation? What kind of balance are you looking for? When considering appreciation, you'll need to look at historical trends. Currently, virtually every major market has been experiencing unusually high rates of appreciation. Today's appreciation is not sustainable and isn't indicative of the future. When you're evaluating markets on the bases, you'll want to keep this in mind. The appreciation rates in most markets are artificial. Of the markets that you've mentioned. I like Kansas City and Indianapolis a lot. Both are solid cash flow markets but have seen strong appreciation rates in recent years. Additionally, they have good population growth, job growth. modern/diverse economies, reasonable property tax rates and favorable landlord tenant laws. Additionally, I would add the Quad Cities, particularly Davenport, IA to your radar. Davenport is a great sleeper market that hasn't been oversaturated by investors and is a great cash flow market also. 

@Alexandra Feig Singapore, that’s cool!! How does the real estate market compare to the US, out of curiosity? I think that’s an excellent route to take, but do feel your options in some of the cities you mentioned with your budget will be limited. Is that $100k down, or total purchase price? Since you have ties to Florida I would highly encourage looking into SWFL (Cape coral, Naples, ft Myers etc.) where the price points are a bit lower.

Currently I'm building a new build SFH 4/3 in Cape a coral that had an all in cost of $265k and only required 10% down. Rents are at $2300/mo and post construction appraisals for this particular model are $377k. The deals are out there! Just got to find them. Feel free to reach out if you'd like to connect about FL.

Hi Alexandra, I'm from California but started my real estate journey here in Indianapolis. Now, I have almost a hundred doors. I would love to share my experiences and chat you more if you're interested.

@Alexandra Feig Cleveland markets have been the best performing for rentals / appreciation over the last 10 years or so. Heck  Forbes had then # 1 for 17 and 18, or was it 18 and 19,? But they were not paying attention. 6, 7 years ago you could be all in for 35k, with 25- 30% NET caps, now they are worth 100k ++,,,,,, You still can get 10%++  net caps, but not like it was ,, Oh these numbers are based on cash purchases, even high cash on cash, 

All the best 

Excited for you!  I'm in Huntsville.  Most investment properties are for appreciation and some cash flow.  But appreciation is what is really going to help you with your buy and hold.

I think all the above mentioned markets are great. I got started in Cleveland and Columbus in 2020 , so I can def say these are good. 

Huntsville, KC MO are def my goals for 2022. 

I'm still trying to research what has got Jacksonville FL so much attention. Is it because it's in FL and that other places in the state are more expensive hence the choice or if there is some expected future growth.