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 PowerPoint slides pitching this story. I can just hear some wet behind the ears, freshly minted Harvard or Stamford MBA……..Lets see, you have no assets……no income…….and you just went belly-up investing in real estate. I’ll take the maximum allotment. Sign me up !
This story does illustrate the buying opportunities for potentially cash flow postive investing in SW Florida. Many properties are selling right now for prices far below replacement cost. Investors with available resources have a bounty of interesting options right now.
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