A lot of investors have made a lot of money investing in the Cape Coral Lot Market. You don’t have to purchase improved properties to be an active real estate investor. Many successful investors opt to buy and sell lots, or plots of land, leaving the construction hassle to their buyers. You need a slightly different approach when buying and selling lots, particularly in the Cape Coral area.
Let’s look at what’s been going on in Cape Coral and then we’ll walk you through the smartest ways to invest in lots.
Cape Coral Lot Market: Real Estate Growth
Cape Coral has been one of the hottest real estate markets in the country for the past few years, even though the market has slowed down throughout 2019. In fact, home values are still expected to increase by 1.8% within the next year. As different areas around Cape Coral begin to grow and expand, developers also look to build new apartment complexes, eateries, and other attractions.
This is where the savvy investor comes in. Purchasing plots of land in Cape Coral can help you turn a profit once developers swoop in. But how can you be sure to make the right purchase? We’ve got some tips to help below.
Tips for Buying in the Cape Coral Lot Market
Successful investors who have already turned huge profits by purchasing lots in Cape Coral employ a few different tactics to ensure they make money. Here are a few of their top tips.
1. Go Where the Growth Is
It can be hard to predict what areas are going to grow next, but it’s much easier if you pay attention to what’s happening in the different areas of Cape Coral. Talk to other investors, builders, and real estate agents about what they’re hearing and do your own research.
Once you have a good idea of which area is going to take off next, you can start buying lots in areas where developers will want to build.
2. Consider Wildlife Protections
In this section of Florida, there are a few protected species that might be present on your lots. While their presence may not be a dealbreaker for builders, it’s important to know if any protected wildlife is on your lot before deciding to buy.
Protected species common to these lots including the burrowing owl and gopher tortoises.
3. Buy Lots with New Water and Sewer Lines Installed
Cape Coral is in the process of installing many new water and sewer lines in the area. It may not always be possible, but if you can find an affordable lot with new water and sewer lines installed, you’ll be able to turn a higher profit than those without.
Use these tips to turn a profit when investing in the Cape Coral Lot Market
If you’re new to real estate investing, take a look at these tips!
Stop making excuses — just get out and do it!
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
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.
We meet twice a month.
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!
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