Ft Myers and Lee County Investment opportunities
Ft Myers and Lee County Investment opportunities
Because of the fast growing base of people relocating to Florida along with the tourism industry, Florida offers three unique opportunities for investments.
• 1031 tax exchanges
• Buying a second home/condo and using it as a rental.
• Buying a commercial piece of property, from duplexes to apartments, to triple net shopping malls.
The above combined with an above average appreciation rate for Real Estate make Florida a place you definitely need to consider, regardless of your financial capabilities..
For more specific information on how 1031 exchanges work see. www.1031inflorida.com
Renting your home out-To know
• The best areas to rent are anywhere near the water and the best rents will start at open water locations, followed by homes/condos with a partial view to homes on canals. The neighborhood and the furnishings will also dictate the rent amounts you can get. In the Keys-the best situation was a home at least three bedrooms and up on the Ocean or Gulf with a pool and a boat dock. In some cases these bring as much as $5000.00 per week, depending on the home/area.
• It is very important that you find out early on which residential areas and which condo associations allow weekly rentals-as this will be generally be your best return.
• In some cases you may want to just rent out long term and skip the dealings with handy men and cleaning services.
• In all of this—the most important thing is that you find a qualified adent. He/she can guide you through the process completely—including setting up property management.
As to Ft Myers and areas-where would the best rentals probably be located?
• Ft Myers Beach
• FT Myers Downtown-- The downtown areas in larger cities are seeing strong growth. In short some people are going away from life in the suburbs and opting for closeness to theatre, restaurants and the vitality of a city environment. So, don’t overlook the downtown areas.
• Bonita Beach
• Sanibel/Captiva
• Pine Island.
• Cape Coral may be good but it seems fairly residential so their may be laws against it—again ask your agent. As to more details for what makes a good rental see below.
• For more specific information about rentals, see the links to the left for property management/1031 and commercial; agents
Types of rentals. Single family homes, duplex and Condos.
Because of the fast growing base of people relocating to Florida along with the tourism industry, Florida offers three unique opportunities for investments.
• 1031 tax exchanges
• Buying a second home/condo and using it as a rental.
• Buying a commercial piece of property, from duplexes to apartments, to triple net shopping malls.
The above combined with an above average appreciation rate for Real Estate make Florida a place you definitely need to consider, regardless of your financial capabilities..
For more specific information on how 1031 exchanges work see. www.1031inflorida.com
Renting your home out-To know
• The best areas to rent are anywhere near the water and the best rents will start at open water locations, followed by homes/condos with a partial view to homes on canals. The neighborhood and the furnishings will also dictate the rent amounts you can get. In the Keys-the best situation was a home at least three bedrooms and up on the Ocean or Gulf with a pool and a boat dock. In some cases these bring as much as $5000.00 per week, depending on the home/area.
• It is very important that you find out early on which residential areas and which condo associations allow weekly rentals-as this will be generally be your best return.
• In some cases you may want to just rent out long term and skip the dealings with handy men and cleaning services.
• In all of this—the most important thing is that you find a qualified adent. He/she can guide you through the process completely—including setting up property management.
As to Ft Myers and areas-where would the best rentals probably be located?
• Ft Myers Beach
• FT Myers Downtown-- The downtown areas in larger cities are seeing strong growth. In short some people are going away from life in the suburbs and opting for closeness to theatre, restaurants and the vitality of a city environment. So, don’t overlook the downtown areas.
• Bonita Beach
• Sanibel/Captiva
• Pine Island.
• Cape Coral may be good but it seems fairly residential so their may be laws against it—again ask your agent. As to more details for what makes a good rental see below.
• For more specific information about rentals, see the links to the left for property management/1031 and commercial; agents
Types of rentals. Single family homes, duplex and Condos.