One of the questions that buyers of a second home in Florida face is whether or not to establish residency in Florida. The Bristol Press covers this issue in a column titled, Should “snowbirds” change state residency? Although this article is written by a Connecticut attorney referring to Connecticut laws, the main themes in the [...]
[more] →Another day…..another ambitious, but cash constrained real estate investor was featured in the Sarasota Herald Tribune. This guy is trying to raise $10M through a public stock offering to buy up under-valued luxury and mid-range vacation homes. I would love to be a fly on the wall during the road show when he is flipping [...]
[more] →The Florida Office of Insurance Regulation has a very useful website that provides a comparison of homeowner’s insurance rates by county for a number of carriers. The site provides rate comparisons for two scenarios: (1) home valued at $150K, that was built before 2001 and (2) home valued at $300K, built in 2005 and made [...]
[more] →Looking for a home on a golf course in Southwest Florida, but don’t want to pay all the fees…..Check out Seven Lakes which offers unlimited golfing without green fees or trail fees. Seven Lakes features an 18-hole, par 60 golf course and during the week residents can let their competitive juices flow in leagues for [...]
[more] →Bonita Beach features some of the finest waterfront homes in all of Southwest Florida. These grand estates are located on the west side of Hickory Boulevard, the main thoroughfare traversing Bonita Beach. This barrier island community is located on Little Hickory Island, which sits between Estero bay and the Gulf of Mexico. Sugary white sand, [...]
[more] →A new regulation that went into effect on December 1, 2008 limits real estate investors to a maximum of four loans that can be backed by Freddie Mac and Fannie Mae. This policy has been adopted by most lending institutions and cannot be impacted by investor resources, experience or income. This new limitation is designed [...]
[more] →The most expensive home to sell in Lee County during November was a riverfront single-family estate located in Waldens Rivieria Estates. This home, located at 1200 Walden Drive, Fort Myers, is 6,127 SF and features 4BR and 5BA. The selling price was $3.6M / $587 SF. Congratulations to selling Realtor Keri Hegberg of RE/MAX Anchor [...]
[more] →WINK News covers the growing Cape Coral foreclosure problem. The clip highlights a young single mother that is now able to buy her own home due to the prices that continue to decline. There is some upside to this growing problem, AFFORDABLE HOMES! Search for your Cape Coral foreclosure home.
[more] →A Sarasota Herald Tribune story discusses the lack capital currently available for residential real estate investors. The story details an investor who is unable to attain access to capital to purchase more homes. This particular investor buys and holds, and looks for properties that are cash flow positive. I can’t say that I blame the [...]
[more] →Fort Myers MLS Map Search
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