All Forum Posts by: Andy Pillinger

ok thanks John, Im out for the day but will ring you tomorrow about the lead you have. I am pretty sure i am going to invest in a new duplex as some point as the numbers work for me!. I have not self managed a property and i think a new building will be a nice easy way of getting am landlording feet wet!.

Hi John

Mine was built in 2006 and 700 a year plus flood insurance. I am with tower hill insurance. Can anyone advise me on who too use for liability insurance as I don't have any yet. Thanks

Hi Simon, I have been in the cape for 4 days and been looking around for duplexes. Prices have increased considerably over the last year. Did you find any investors in the area. Unfortunately the place that looks the best cash flow worse is lehigh but the area is mainly section 8 I'm guessing...

 Hi John I'm in cape coral right now looking for duplexes and just getting a feel for the area. Flew in from Seattle for a few days. 

I have found a couple of 2005 ish duplexes not too far from challenger school that will cash flow 500 a month with 25% down. This area seems rather nice and near a nice big school. Buy them for 190k to 230 and rent should be in the region of 900 a side. 

I am here till Tuesday lunchtime and would really like to hear anymore advise/tips you have about cape coral as you have already bought in the area. 

Lehigh looks good for 500 cash flow but I drove round the area today and it looks pretty rough. 

Thanks

Regards

Andy 

Ps anyone else who's invested in the area with advise I would like to hear from you too.

Hello,

Are there any buy and hold(vacation rentals) BP investors currently staying there as it would be great for me to connect with some of you before i head down there.?.

Regards and have a good weekend

Andy

Hello to all. I am heading down to cape coral fort Myers and lehigh acres area on the 28th to look at possible investments there. I already have one house in lehigh. Ken why did you decide to pass on this area and invest in port Charlotte?! Thanks

Regards

Andy

Hello,
I am going to sell my house this spring. I will made a profit of over 250K(i'm single) so will be up for capital gains taxes. I have a second mortgage/line of credit of which I can take out a further 35K if I need it. If I use this cash on house renovation preparing the house for sale can I deduct that off the profit to reduce my capital gains? thanks in advance for your advise.

Thanks to all for taking the time for their advise. i will look into flat fee agents and start by putting the house up for sale as FSBO and im sure the agents will ring so we can talk about fees.

I just think the higher the price of the property the lower the percentage should be. if the agents sold a house worth 100K they get $4,500=$6,000 between them but if they sell/buy a million dollar house they earn 50 - 60K but each time they have performed exactly the same task!. am i missing something here!    

Hello all,

I am going to sell my house this spring and when i do the math the commission is going to be around $45,000. This is the first time i am selling a property and it just seems a huge sum!. i can find buyers from Zillow as the market is very hot here and can get an attorney for all the paperwork. Has anyone got advice on selling a property as FSBO and should i be even venturing down this path?!.

thanks

Peter I was engaged about a year ago but not any more which is why I mentioned above less taxes! I assume it's going to be around a 25k hit! Unless I can pull off the 1031 and have the taxes deferred.  I will look out for your property links, thanks.