All Forum Posts by: John Thedford

I am currently having a spec done there. The lots are through the roof over the past year. All the builders and tradespeople are slammed. 

@Paul Moore I am in no hurry. Look and learn. 

I have and will waive inspection.

Multiple checks with the intent of hiding funds is a federal crime. Now here is another thought. Banks do not even report checks---ONLY cash transactions and those they deem suspicious. They file a SAR (suspicious activity report). That is what took spitzer down. Bank teller thought his transaction was suspicious so they reported him. 

Can @Joel Owens give some feedback?

Cape Coral
Naples
Hands down the two BEST towns on the gulf coast. 

I have been a SFR investor in Cape Coral, Fl for the past few years. I have a SFR portfolio of 13 houses-12 in Cape Coral and one in Lehigh Acres. I am considering trading out and moving into some industrial space. This would be HUGE for me so I need all the input on this idea. I believe the portfolio can net about 200K+ next year. I think the portfolio is worth about 3.5m+.

Why this idea now? 13 roofs vs 1-2 roofs. If I buy NNN all the maintenance costs, etc get passed on. If I continue to hold the portfolio I will have to start replacing roofs in the near future.

Another consideration is where is the commercial market headed? Houses are still off the chart. 

Naples I don't like to drive at night

SW Florida without a doubt. HUGE influx of people on a regular basis. Good landlord-tenant laws. 

@Katharine G. and tomorrow another 5K!