Monthly Archives: December 2017

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Getting Your First Investment Property

Getting Your First Investment Property

Prior to starting the utilizing of investment capital for return or gain,  you need to ask yourself the following:

  • How Much Capital do I want to employ?
  • What is my desired rate of return?
  • When will I need this capital back or will I need this capital back?
  • What is my risk tolerance? This is age and narrative specific.

A substantial blunder that a lot of newbie investors make when they acquire their first investment property is that they pay excessive purchase prices for investment properties.  You earn your money when you purchase your first investment property. Only time, as well as beneficial market problems, could repair this error.

the initial point you have to do prior to you acquire your very first residential or commercial property is seeing to it that you are dealing with the appropriate individuals. Constructing your power group ought to be the very first concern. There’s an age-old phrase that goes like this, “Business is very easy; people make it challenging.”

You need to develop connections with individuals that are most likely to have the exact same big-picture goals (or at least work for your big picture goals) as you. You do not want service providers on your team that are salesman looking to make a quick buck.  whether it be a lawyer, a licensed property manager, a rehabilitation team, a title insurance firm, or a licensed real estate agent.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.




November 2017 Lee County Fl Foreclosure Trend Report

Here is the November 2017 Lee County Fl Foreclosure Trend Report!

Where does the November 2017 Lee County Fl Foreclosure Trend Report come from?

We download from public records and trend with Microsoft Excel.

Why do we generate reports like the November 2017 Lee County Fl Foreclosure Trend Report?

Trends at a glance:

Lis Pendens:
November 2017: 33 Mortgage related Lis Pendens.
October 2017: 19 Mortgage related Lis Pendens.
November 2016: 82 Mortgage related Lis Pendens.

Certificates of Title:
November 2017: 51 Certificates of Title were conveyed.
October 2017: 22 Certificates of Title were conveyed.
November 2016: 116 Certificates of Title were conveyed.

Lee County Fl Foreclosure Trend Lee County Fl Foreclosure Trend

Lee County Fl Foreclosure TrendLee County Fl Foreclosure Trend

Top Ten Lis Pendens filers:

BANK OF NEW YORK MELLON 5 15.15%
BANK OF AMERICA N A 4 12.12%
DITECH FINANCIAL LLC 3 9.09%
BAYVIEW LOAN SERVICING LLC 2 6.06%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE 2 6.06%
NATIONSTAR MORTGAGE LLC 2 6.06%
U S BANK NATIONAL ASSOCIATION TRUSTEE 2 6.06%
WILMINGTON SAVINGS FUND SOCIETY FSB TRUSTEE 2 6.06%
CIT BANK N A 1 3.03%
CITIBANK N A TRUSTEE 1 3.03%

Top Ten Certificates of Title:

FEDERAL NATIONAL MORTGAGE ASSOCIATION 4 7.84%
U S BANK NATIONAL ASSOCIATION TRUSTEE 3 5.88%
TORTUGA BEACH CLUB CONDOMINIUM ASSOCIATION INC 3 5.88%
PLANTATION BEACH CLUB II OWNERS ASSOCIATION INC 2 3.92%
UNITED STATES OF AMERICA 1 1.96%
JADA PROPERTIES AND INVESTMENT GROUP LLC 1 1.96%
JOSEPH BRUCE IRA ROTH 1 1.96%
WILMINGTON TRUST NA TRUSTEE 1 1.96%
15280 FIDDLE LLC 1 1.96%
BELLACRUZ & COMPANY LLC 1 1.96%

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet. This report is a leading indicator of a rise in the distressed market. Therefore, watching these numbers each month gives you a unique advantage of being able to adapt quickly in the event of a market turn.

Compiled and analyzed by: Jeff Tumbarello, Director

 

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.




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