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This listing has ended. Item:FORECLOSED HOMES - CAPE CORAL, FL--INVESTOR OPPORTUNITY  |
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 Right Now there is literally a “Once in a Lifetime Opportunity” to make some really Big Money in the Florida Real Estate Market. As you know this recession has severely hurt home prices everywhere, but none worse than in Florida. This has also created one of the best buying opportunities ever seen. We are Successful Real Estate Investors and we are looking for a few other Investors to join with us to take advantage of this Incredible Opportunity!!! If you are looking for a very high rate of return on a very safe & secure investment, please read the following information. First the history of what has already happened: We all know Florida is a great place to go for that vacation-get-away and it is also a great retirement destination. Let’s face it, Florida has always been the place where many of us want to go, which is why it has always had such a large growth rate. What’s not to like? You have great weather year round, lots of water for swimming, boating, and fishing, and there is an endless list of enjoyable things to do and see. It is easy to understand why so many of us want to not only visit there, but to retire there. And with more baby boomers coming of age, this trend will only increase. The Southwest Coast of Florida is one of the most desirable locations in the state. In this area you will find Fort Myers, Cape Coral, Naples, Port Charlotte, Lehigh Acres, and several other communities situated along the Gulf Coast. This is known as the Sun Coast. In percentage terms, this area has been the fastest growing region in the state, during every decade since 1960. Cape Coral was the most recent centerpiece of this building boom. This was due to the large quantity of building lots available. According to the United States Census Bureau, Cape Coral, which is in Lee County, has a total area of 115.10 square miles, making it the second largest city in terms of area in Florida. 105.19 square miles of it is land and 9.91 square miles of it is water (almost 10%). Now Get This: Cape Coral has over 400 miles of navigable waterways, which is More Miles of Canals Than Any Other City On Earth!!! That’s right. It Has More Waterfront Property Than Any Other City!!! In the last 9 short years, Cape Coral has had a 64% growth rate from 102,286 residents in April 2000 to 167,917 residents today, making it both the most populated city, as well as the largest city by area in all of Southwest Florida. There were thousands and thousands of new homes built during this 9-year span for these additional 65,631 residents. Because of the continued rapid growth, this is where the huge building boom was going on when the economy took its down turn. Not only were the builders themselves caught with incredibly huge inventories they couldn’t sell, there were also a large number of investors that had bought these homes on leveraged funds. When easy funding for new home financing dried up, the steady stream of buyers vanished and the builders and investors were caught holding the bag. Most of these homes became bank owned and are entering the market as foreclosures. The Current Situation: For the following examples and discussion we are going to use a typical home built in the last 2 to 6 years, which has been a 3 bedroom / 2 bath / 2 car garage home. They are all built to hurricane standards, which is concrete block construction with stucco finish, with their roofs tied down. These are not flimsy wood framed houses. They generally use an open main room concept design where the kitchen, dining room, and living room are one large room area in the center of the home with tall vaulted cathedral ceilings. On one end of the home is the master bedroom and master bathroom. At the other end are the other 2 bedrooms, the 2nd bathroom, the laundry area, the den if there is one, and the 2 car attached garage. They usually have a large screened in rear porch, which is called a lanai. The Pictures we attached in this listing show 5 of these typical 3 Bedroom / 2 Bath / 2 Car Garage Homes that we just looked at. The interior pictures show the open concept design that most of them have, plus a couple of other interior shots. The “Actual Construction Cost to Build” these homes ran around $140,000 to $160,000 in addition to the $40,000 to $75,000 cost to purchase the vacant lot to build the home on. Before the downturn the average selling prices for these homes ranged from around $240,000 to $280,000. Once the real estate bubble burst, these homes dropped in price down below the $200,000 level. Once the bank foreclosures started hitting the market in large numbers they put stronger downward pressure on the market. The price of the foreclosed homes then dropped down to around $100,000 in January of this year, where strong buyer demand emerged. In late spring the strongest wave of the remaining foreclosures working through the system started coming onto the market. This has pushed the prices down further to around the $70,000 to $75,000 range, which is where they are today. This is about half of what it cost to build them, not even counting the cost of the land itself. At these incredibly low prices there has emerged an extreme interest by both investors and homeowners to buy now. Investors from all over the country as well as Europe and other parts of the world have been buying in record numbers. As a result the prices have firmed up already and they have already started to climb some. There are still thousands of foreclosures working their way to the market, however there are now many buyers at these prices for them. With all of the positive economic news that has been coming out recently, the signs now are pointing to a recovering market, which will very soon translate to recovering prices. Prices right now are holding up very strong and I believe the buying window is very narrow. The Cape Coral market has had one of the worst collapses of any market in the country. We are seeing homes sell for around 30% of what they sold for just 2 or 3 years ago. These are all nearly new homes and they are not cheap homes. The on-line website of Zillow.com has the information and values of almost every home in this country. They are currently valuing these homes at the depressed price of $135,000 to $160,000. Understand that the normal owner owned homes that are not foreclosures are still selling for close to these figures. It is only the foreclosures that are priced very low due to the quantity the banks must move quickly. These homes will simply not stay at these prices very long. The average number of days on the multi-list is now down to about 5 days and almost every home is getting multiple offers. If any home is on the multi-list longer than 5 days, there is usually something wrong with it. At any given moment this past January there were over 3,000 foreclosed homes on the market in this area. Today there are normally less than 300 listed in all of Cape Coral. This is because they are now selling much much faster than they did in January. Because of this we do not expect prices to fall any further, and they should start climbing soon. Who we are: We are full time real estate investors and managers. We have bought, sold, rented, managed, and maintained residential rental properties since 1978. We are currently buying, rehabbing, renting, and reselling foreclosed homes in the area where we live. We are also one of the largest land sellers on Ebay, and have been for the last 7 years. We buy and sell vacant land all over the southwest including Arizona, New Mexico, Utah, Colorado, and West Texas. You can click on the link near the top right of this listing that reads "SEE OTHER ITEMS". This will take you to the list of land auctions we currently have running on Ebay. We have ran over 3,800 of these land auctions on Ebay alone and we have a 100% POSITIVE FEEDBACK SCORE OF OVER 1,750 doing so. Please Click on the Feedback Number next to our Ebay name at the top right of this listing to read all of the comments from our buyers. And finally, YES we are buying foreclosed homes in Cape Coral Florida for our own holdings as well as for joint venturing with other investors, possibly like yourself. When it comes to real estate, we are very experienced and we are very successful. We just returned from Cape Coral and we were in a ton of homes. I can tell you that we have never seen an opportunity like this before, and we probably never will again. Here Is The Opportunity: Everyone knows that real estate prices in Florida will recover. They always have and they always will. It is Florida and it is still where many of us will end up living. What this economy has done is simply created a tremendous buying opportunity. It is that “Once in a Lifetime Opportunity” that will not be repeated. We will never ever see home prices this low again in any of our lifetimes. The goal is to purchase some of these nearly new homes now, and hold them for a few years until the market has a chance to correct itself, then sell them for maximum profits. In the mean time we will rent them out to get a good cash flow. There is a strong rental market in the Cape, and these homes will easily rent for $800 per month or more. Profits will be generated by both the rents collected and the final sale at a much higher price. At this time we are looking for a few "Joint Venture Partners". You would be the Money Investor Partner and we will be the Managing Partner. Your part is passive and we will do all of the work. We will form an LLC in order to protect you the investor and the property you purchase. You as the investor will be able to choose the property from our already purchased inventory, and at our exact cost. This price will be extra low because we are very good at getting the best deals possible. We will manage all aspects of the forming of the LLC, the transfer of the property to the LLC, any rehab to get the property ready to rent, renting it out, dealing with all issues along the way, and finally the end sale. Upon the end sale you will get all of your initial investment money back. Then the entire profit portion would be split equally. There would also be annual rental income disbursements as long as sufficient funds were maintained in the LLC checking account to cover the operating expenses, such as taxes, insurance, etc. All of the normal operating expenses will come out of the rental income account so there should not be any additional funding needed along the way. Remember This: We will have a very vested and determined interest in making both of us the most profit possible. We fully expect this investment to be highly profitable, however we do want to protect you the investor from any unforeseen risks. To do this we offer a 24-month buyout. If at the end of 24 months, you want out of the arrangement for any reason, you can walk with a total of 110% of the entire original investment amount. In other words, if absolutely everything goes wrong, the worse case scenario is you make a 10% profit in 24 months, which is still much more than a bank CD is paying. Needless to say we do not expect either of us to only make that small of a profit. The window for this opportunity is very small. Cape Coral and the surrounding area is in the middle of one of the hottest real estate markets it has ever seen. When prices get this low, they sell very fast. Already these homes are getting multiple offers. Once the large foreclosure inventory hitting the market is depleted, this will turn into a bidding war. That will put upward pressure and drive the prices much higher. How To Contact Us: If you would like more info or to get involved, please call Mike at 724-353-9131 (10AM to 10PM east coast time), or email us through Ebay. We can go over all of the details, we can email you the projected returns which will blow you away, and we will answer all of your questions for you. Keep in mind you will need at least $70,000 (per home) in available funds in order to participate. If you have an IRA with the funds, we can assist you in setting this investment up in your IRA, so the income can be earned tax-free!!! Don't miss this Incredible Opportunity. We are only able to handle a limited quantity of these partnerships, so let's get together soon!!! Note: The pictured homes at the $70,000 listing price are not currently for sale. These homes are examples of the quality, the style, and the opportunity available right now. We were just recently in these 5 pictured homes and they did just sell at or around the figures we stated.    Click Here. Double your traffic. Get Vendio Gallery - Now FREE! |
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