All Forum Posts by: Troy Maleyko

 Zoning - Its zoned for duplexes. I don't want to go through the re-zoning process. 

Hi - I am looking for ground up financing on a property I own in Fort Myers on 1.91 acres.  I currently have a site plan, rough drawings & have architects, contractors & planners working through this process.  We are ready finalize the plans & start permitting.  The plans / zoning allows for 7 duplexes without any variances from Lee County.  We have a full scope of work proposal with budget numbers put together & the team is ready to start.  We currently own the property & is being used as a mobile home park with a single family house.  I plan on demolishing & doing ground up construction, with common areas including garden beds, light workout area & gathering space .  The property will be rented out a mix of short, mid & long term rentals.  The proximity to hospitals , downtown fort myers & military presence makes it the ideal location.  Our long term exit strategy will be to eventually sell some of the units as the market recovers .  Each duplex is on its own plat (7 total).  We are looking for $3.6million which would take out the existing mortgage on the property of $535k.   

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $555,000

Purchased a property on 1 acre in Black Mountain, NC . Property has a main Scandinavian style cottage with ADU . Currently being used as a short term rental.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $750,000

Currently operating as a 9 unit mobile home park with single family home

Hi , I am looking for a lender to finance my project in Fort Myers, I have a 9 unit mobile home park on 1.91 acres 5 minutes from downtown Fort Myers, FL. I am in the process of converting the property into a new zoning designation to allow for single family & mobile homes. We will be building 9 sustainably built single family homes (877sq ft) in addition to the existing 1800 sq ft home & also bringing in 8x shipping container units for short term rentals.

The 9 homes will be sold to full time / part time residents who want to enjoy the amenities which include:

- Salt water swimming pool w/ Sauna / Cold plunge

- Community garden as well as permaculture throughout the property

- Roof top sun tanning decks

- Electric bike & other mobility rentals

- Retail store w/ local products

- Indoor/ Outdoor gym / yoga studio

- Rock Climbing wall

+++ many more

Please contact me for more information w/ pro forma & more renderings

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $45,000

Purchased this home below market value did not show well, pain tenant. Offered cash to leave house was vacant upon possession. Renovated for 15k . Reappraised for $225k. Able to pull out 55k (original 33k dp + 22k to cover renos etc.) . Fixing up house to be eco-friendly (filtration system, infrared sauna, organic bedding etc.) Will put on Airbnb for rent average $150 per night - Generate $2200 - $3000 in rental income per month.