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Investing in the Cape Coral Lot Market

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.

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.



The Main Dangers of Flipping Houses

Flipping houses is one of the top active real estate investment strategies. If you’ve recently purchased an investment property or are looking to do so in the near future, you might be looking to flip your investment.

Make sure you don’t lose money on a risky investment by avoiding these 5 common dangers when flipping properties:

Flipping Houses Danger: Not Calculating All Expenses

Financing your investment property can be expensive. If you’re financing the purchase of the property, you’ll need to make sure you’re able to finance the entire venture. That includes paying for renovations (the renovation crew, materials, and unforeseen expenses). You’ll also need to include any property taxes you may be responsible for.

Be sure to calculate all expenses before taking out a loan on your investment property.

Danger: Running Out of Time

There can be time limits involved in flipping houses. Maybe you’re planning for renovations to be complete by the peak selling time in your local market. Or maybe you took out a short-term loan that is due by a certain month.

Whatever the reason, renovations take a considerable amount of time and a number of construction projects often run long due to unforeseen issues.

Make sure you build extra time into your plan when calculating your timeline.

Flipping Houses Danger: Forgetting about Insurance and Mortgage Expenses

If you’re financing your investment property, you’ll need to pay homeowner’s insurance and the home’s mortgage while renovations are being performed. And, since you’re not using this property as your primary residence, these costs are often above market value.

Be sure you have enough money to cover these expenses for more than the allotted timeline of your project — just in case it runs long.

Danger: Low-balling Renovation Costs

Renovating a home is expensive. If you bought a fixer-upper or even if you’re looking to improve a home in a top neighborhood, your expenses will be high. It’s important to talk to renovation crews ahead of time to calculate how much money you’ll need to spend on top of financing your investment.

You want to make sure renovating the home is a worthwhile expense, so you don’t end up losing money or breaking even.

Flipping Houses Danger: Over-Estimating the Market

We’ve all heard about success stories from flipping houses, but it’s important to be realistic when setting your goals. You have to do market research and understand the health of your local market and whether or not it’s expected to grow or decline.

Plan your investment property for peak season, when there are more buyers or renters willing to pay top dollar, to maximize your ROI.

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 agents, 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.

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 it does 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.


How to Avoid Top Real Estate Investing Mistakes

You must avoid real estate investing mistakes to succeed long term. Investing in real estate can lead to a lucrative career or side-hustle with unlimited earning potential. However, in order to turn your real estate investments into a bustling business, you’ll need to avoid a few key mistakes.

Avoid Top Real Estate Investing Mistakes: The Real Estate Market Is Not Foolproof

First, it’s important to understand that the real estate market is not foolproof. Even though market trends can be tracked and predicted, the market can still be unpredictable. It’s important to follow your local market trends closely, so you’re as in tune as possible with where the market is expected to go and the key drivers causing growth or lags.

For instance, if you were to invest when real estate demand is high, you might be more at risk for reselling a property for less than you invested, simply because the demand has gone down as the market fluctuates. Being aware of how your local market fluctuates typically, can help you avoid this key mistake.

Avoid Top Real Estate Investing Mistakes: Never Overpay

Next, you’ll want to avoid overspending on an investment. If an investment property seems to good to be true, it may be. Sure, the purchase price might be low, but how much will you need to spend in renovations to get it up to code and up to buyer standards? Calculating all of your expenses upfront and determining what areas of neighborhoods buyers are interested in paying top-dollar for can mitigate your risk.

It’s important to understand the vacancy rates in your area.

Lastly, if you’re looking to manage your investment property (whether as a property manager or landlord), it’s important to understand the vacancy rates in your area. Not only will this help you accurately price your rental units so you’ll find tenants, but you’ll be able to understand the turnaround time for finding new tenants. While every landlord hopes their tenants will become long-term renters, you’ll need to do some research in the area you want to invest in to understand rental trends.

Like any investment, real estate investing is not without its risks. As long as you’re aware of the risks and come up with a solid investing strategy, you’ll be able to minimize your chance of running into these risks as much as possible.

Be sure to research investment strategies as much as possible and use your local market research to inform all of your investment decisions.

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 agents, 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.

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 it does 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.


Rules for the New Real Estate Investor

Are you a new real estate investor? You might be feeling overwhelmed by the amount of information that exists on the topic of investing.

While there is an unlimited amount you can learn online, from books and through other investors, we’re here to make the topic a little bit simpler, so you can get off on the right foot.

Rules for the New Real Estate Investor: Start Small

You’ll learn so much through trial-and-error, so minimizing your risk is key when you’re a beginning investor. No matter how many tips and tricks you’ve read, I can’t stress this one strongly enough — start small.

This doesn’t necessarily mean you can’t make a big purchase, just take your time and plan out each part of the process in small steps. Do you want to buy your first investment property? Make a 12 or 24-month plan to help you meet these goals and take it from there.

You shouldn’t go into debt on an investment property, especially your first one. Starting small and accomplishing little goals along the way will help you stay on track and prevent you from making any risky moves.

Rules for the New Real Estate Investor #2: Make a Commitment

Now that you have your plan, you need to commit to following through. The reason so many potential investors fail is because they don’t see their plan to fruition. Once you have a plan and smart strategy in place, it can be easy to fall prey to your own doubt.

While you should always double-check the market and your own math, don’t doubt your ability to handle becoming an investor. The best investors got to where they are today by going all-in on their dreams. If you don’t stay committed, you’ll end up staying stuck exactly where you are now.

Rule #3: Stay Focused

Diversifying your portfolio can be a smart investment strategy. However, when you’re getting started, it can be very easy to want to go in a million different investment directions all at once. This can lead you down a dangerous path, where you’re putting all of your money into too many investment opportunities at the same time.

Don’t lose focus on your initial strategy. Is your goal to become a property manager? Focus on that first! Do you want to buy a small investment property and rent it out? Keep your goal in mind! You can always do more down the line, but stay focused on your top priority when starting out.

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 agents, 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.

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 it does 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.


January 2020 Foreclosure Report for Lee County Florida

Where does the January 2020 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

January 2020 Foreclosure Report: Trends at a glance

Lis Pendens:

  • January 2020: 73 Mortgage related Lis Pendens
  • December 2019: 74 Mortgage related Lis Pendens
  • January 2019: 88 Mortgage related Lis Pendens

Certificates of Title:

    • January 2020: 67 Mortgage related Lis Pendens
    • December 2019: 53 Certificates of Title were conveyed
    • January 2019: 77 Certificates of Title were conveyed

January 2020 foreclosure report: Last payment date by year of mortgage

 Year Mortgage Originated Average Last Payment Date
2002 8/1/2019
2003 N/A
2004 6/1/2015
2005 6/23/2014
2006 7/28/2010
2007 8/20/2013
2008 9/25/2017
2009 4/1/2013
2010 5/31/2019
2011 8/1/2016
2012 N/A
2013 7/1/2019
2014 6/16/2018
2015 5/3/2019
2016 6/9/2019
2017 3/7/2019
2018 6/23/2019
2019 6/1/2019

 

January 2020 foreclosure report: Average complaint amount

 Year Mortgage Originated Average Complaint Amount
2002 $63,045
2003 $0
2004 $208,113
2005 $193,360
2006 $235,521
2007 $589,649
2008 $105,363
2009 $89,011
2010 $68,491
2011 $80,054
2012 $0
2013 $129,982
2014 $827,480 (big commercial present)
2015 $117,019
2016 $157,614
2017 $235,778
2018 $194,038
2019 $267,717
  • January 2020 is more of the same in relation to the foreclosure trend.
  • 12 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.
  • The high average complaint amount for 2014 is because of a large commercial loan.

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 agents, 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.

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 it does 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.


Breaking: 2020 SWFL market update

This 2020 SWFL market update was Complied and analyzed by:

Jeff Tumbarello, Broker Owner: Steelbridge Realty/Director: SWFL REIA

Disclosure for the 2020 SWFL market update.

  • This is my work is done for me and shared with you.
  • Data exported from the MLS and trended in Microsoft Excel.
  • All data is Lee County Residential.
  • The dates trended are Dec 2018-Jan 2019 and Dec 2019-Jan 2020.
  • Data was exported 2/4/2020 at 11:15 AM. This is very early for January 2020. The sales counts will just go up. It is best to get accurate numbers to wait till at least the 15th of each month for looking at the last month.

The 6 main traits to watch in a market.

  • Volume (the king).
  • Sales Counts.
  • Average Price (shows what the top of the market is doing).
  • Median Price (Shows the bottom of the market is doing).
  • Cash sales percentage
  • Months Inventory.

2020 SWFL market update: Metrics

Dec 2018 Jan 2019  Dec 2019 – Jan 2020   Difference
Volume $767,716,277 $1,038,186,851 35.23%
Counts 2,544 3,273 28.66%
Average $301,775 $317,197 5.11%
Median $229,950 $239,000 3.94%
Cash Sales Percentage 41.51% 40.09% -3.43%

2020 SWFL Market Update: Residential Sales by Year built

2020 swfl market update

2020 SWFL Market Update: Notes

  • The year over year Volume and Sales counts growth is amazing.
  • The homes sold by Year built metrics show the new construction market is driving growth.
  • The price growth is very measured growth in relation to sales and volume growth.
  • The cash percentage holding steady is a good sign for the health of the market.
  • Inventory is very low for this time of year.

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 agents, 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.

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 it does 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.


December 2019 Foreclosure Report for Lee County Florida

Where does the December 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

December 2019 Foreclosure Report: Trends at a glance

Lis Pendens:

  • December 2019: 74 Mortgage related Lis Pendens

  • November 2019: 66 Mortgage related Lis Pendens

  • December 2018: 98 Mortgage related Lis Pendens

Certificates of Title:

  • December 2019: 53 Certificates of Title were conveyed

  • November 2019: 58 Certificates of Title were conveyed

  • December 2018: 32 Certificates of Title were conveyed

 

December 2019 Foreclosure Report for Lee County Florida

December 2019 Foreclosure Report: Last Payment Metrics

 Year Mortgage Originated Average Last Payment Date
2003 7/11/2019
2004 11/21/2010
2005 9/27/2014
2006 7/9/2011
2007 N/A
2008 8/2/2012
2009 N/A
2010 7/1/2019
2011 N/A
2012 N/A
2013 9/1/2015
2014 7/1/2019
2015 5/20/2019
2016 4/3/2019
2017 5/3/2019
2018 4/10/2019

December 2019 Foreclosure Report: Notes

  • December 2019 is more of the same in relation to the foreclosure trend.
  • 9 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.

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 agents, 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.

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 it does 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.


Lessons learned investing in Cape Coral Lots

On this edition of REICAST we interview one of the OG’s of the Cape Coral lot market: Lessons learned investing in Cape Coral Lots.

Kevin Page Bio: 

Kevin has over 30 years of real estate experience as a licensed broker and property manager. Kevin started his career in Massachusetts buying and selling his own investment properties before moving to Cape Coral in 1987. Since then he has over 8,000 successful real estate transactions and has developed long term relationships with realtors, builders, developers, investors and landlords that has made his company successful since 1989. Kevin is well versed in 1031 exchanges and self-directed IRA’s. He has his own portfolio of rental property and investment land and owns several LLC’s and his own self directed IRA.

Kevin holds several designations and regularly attends the local meeting of the Southwest Florida Real Estate Investors Association and the Cape Coral Association of Realtors. As a proud member of the National Association of Residential Property Managers, Kevin is well versed in the Florida Landlord Tenant Act and the Federal Fair Housing Laws.

Lessons learned investing in Cape Coral Lots: How Seawall Code Changes will Affect Freshwater Lots

There are some code changes inbound in Cape Coral. While at this time we do not have cost certainly on how the code changes will change the true costs. Estimates are at least 200 percent.

Lessons learned investing in Cape Coral Lots: Understanding waterfront lots in Cape Coral Fl

There are two types of waterfront lots in Cape Coral. Freshwater and Saltwater canals. Each has its own reasons to own them.

 

Cape Coral Lot buying criteria for Builders.

Find out if city or community water and sewer connections are available on the lot or land. It is easier to build with central water and sewer than with septic and well. If the lot is in a gated development, ask for a copy of the restrictive covenants. Check a property’s use restrictions to ensure the builder can use the site and build the home the way they or their customers would want.

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 agents, 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.

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 it does 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 2019 Lee County Foreclosure Trends Report

November 2019 Lee County Foreclosure Trends Report

Where does the November 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

Compiled and analyzed by Jeff Tumbarello.

November 2019 Lee County Foreclosure Trends: Lis Pendens

  • November 2019: 66 Mortgage related Lis Pendens
  • October 2019: 86 Mortgage related Lis Pendens
  • November 2018: 102 Mortgage related Lis Pendens.

November 2019 Lee County Foreclosure Trends: Certificates of Title

  • November 2019: 58 Certificates of Title were conveyed.
  • October 2019: 66 Certificates of Title were conveyed.
  • November 2018: 41 Certificates of Title were conveyed.
 Year Mortgage Originated Average Complaint Amount
2004 $255,626
2005 $313,830
2006 $108,070
2007 $79,266
2008 N/A
2009 $47,444
2010 $200,279
2011 N/A
2012 $89,862
2013 $202,494
2014 $347,638
2015 $172,739
2016 $225,493
2017 $155,422
2018 $127,910
2019 $155,422

 

Notes:

  • November 2019 is more of the same in relation to the foreclosure trend.
  • 6 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.

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 agents, 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.

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 it does 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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