All Forum Posts by: Swapna Nair

I don't know much about the real estate in Cape Coral, we only drive through there to get to North Captiva Island. All I know is there are a ton of vacant lots there. With that much supply I can't imagine they'd be worth much.

some lots are still priced very high. But recently seeing that lot of lot prices are coming down.

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Cape Coral, Florida

Originally posted by @Joy Hunton:

Hi, Swapna. I’m a Realtor here and my husband and I bought a couple of vacant lots in NW Cape Coral to either hold or build spec homes, we haven’t decided yet. We also have a duplex under construction we plan to sell.

If you’re looking for homes on Zillow they will say “city water” and/or “city sewer” rather than “well” and “septic.” That’s how you’ll know. If they say “city water and/or sewer” you’ll also want to look for “assessments paid or unpaid.” The assessments typically are attached to the annual property taxes and paid over time.

When buying vacant land another HUGE thing to be aware of is burrowing owls. Many lots have them they’re protected. The only way to know is to drive by and look at the lots. Depending on their location on the lot you may still be able to build, but only during specific times of the year, a certain distance from the nest, etc.

Thank you @Joy Hunton. With lots of land available now, we are thinking the same. Buy the land, build some SF or MF and sell it or rent it as the rental market is still good. The hefty assessments is one thing that is driving us off and heard about the burrowing owls too. Thank you for the great information. !!

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Cape Coral, Florida

Thank you !! That is great information. I really appreciate it. I was looking at single family homes as well to buy and hold but is there anyway to find out if the house has been converted to city water?

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Cape Coral, Florida

I am looking to buy vacant land in Cape coral to start building single family homes. Is there anything specific to look for when analyzing land deals in cape coral? I am looking to buy in the NE and NW cape.

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Cape Coral, Florida

Thanks for the info Christopher. Will try contacting some brokers as well.

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Thanks so much Hattie. Will start calling local banks/credit unions then.

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Looking for recommendations of online lenders who can do more than 4 mortgages. I researched BP and mostly everyone was recommending local banks and credit unions but since I have properties in multiple states, thought it will be easier to have some place where I can contact them online. Please let me know the pros and cons of online lenders you have used. I am looking for about $100,000-$150,000 in mortgage and can put 25% money for down payment and also can pay closing costs. Thanks in advance.

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I have used http://foremost.com/ for our investment properties in the Philadelphia area.

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All Forum Posts by: Swapna Nair

Swapna Nair has started 2 posts and replied 8 times.

Post: Buying land in Cape coral - need advice

Post: Buying land in Cape coral - need advice

Post: Buying land in Cape coral - need advice

Post: Buying land in Cape coral - need advice

Post: Recommendations for Online lender who can do more than 4 mortgages

Post: Recommendations for Online lender who can do more than 4 mortgages

Post: Recommendations for Online lender who can do more than 4 mortgages

Post: insurance companies that write policies on investment properties