All Forum Posts by: Don M.

Thanks to all who contributed here.  My thoughts go out to everyone living in and with property in SWFL (or other affected areas), especially those who have experiences loss of any kind.

I came across this on youtube last week and said "Hey, I've seen that guy before."

I am definitely interested to see where the market goes over the next year and where the "new reality" will stabilize.

Big numbers and big win.  Looks great from the pic.  Congrats!

@Jonathan Nachtsheim
Nice, it looks like a beautiful property.  Good luck with it!

Awesome,
I would love to hear how you do in the winter months.  I am also curious about the home details.  What part of the cape, what type of lot, house size, special features of the property?
Congrats!

Every market is still up year over year in terms of median home price, in most markets inventory is still lower than pre-pandemic levels, and in most markets, inventory is still moving.
Politics aside, this was needed.  How far things will shift remains to be seen.

There are a lot of details that come in to play with individual properties that make this difficult to answer.
Other considerations: Will you self manage or pay for a property manager?  What is a reasonable expected vacancy rate for the area?  Even great areas require reserves for vacancy.  Cap ex and maintenance are still items to save for, that eat into cashflow, even for newer properties.

 Excellent, @Chris Harper.  Hopefully these keep moving through smoothly and your additional property will get through promptly as well.  Keep me updated!

Coincidental timing with the post, but a quick update:
Our permit review status (for Residential Construction) was changed to Complete today, in Cape Coral's permit tracking system.



Submittal Status:Approved  Received Date:07/15/2022  Due Date:08/26/2022  Completed Date:08/17/2022

 Thanks!  I actually heard the episode, as well.  Always excited to hear about others on a similar path or with similar goals.