Foreclosures plus Population Growth equals a hot rental market

I moved to Cape Coral FL to become a Realtor because of the incredible opportunity presenting itself here.

We have a booming rental market due to so many factors.

On of the hottest areas in this market are buying investment homes for rental income. Great deals and with investor loans at in the 4-5% range you can afford to replace cash reserves from your cash flow positive rental income. Depending on your credit you need 20-20% down which with purchase prices as low as 30,000 is NOT insurmountable and yes some banks are doing portfolio loans.

To boil it down short, there are investors losing investment houses to their banks and the tenants are moving... also there are over leveraged homeowners who are renting for 900 instead of paying the bank 2500 a month.

I probally get 5 inquiries a week from people looking for rentals, particulary 4 bed or 3/2's with dens

Both of these plus a steady influx of people moving here (if you email me I will send you some a research report on the Cape Coral and Lee county market that will rock your world!) in search of affordable housing and BETTER WEATHER are part of what is creating a STRONG demand for rental properties, which frankly I can't "keep on the shelves" as long as they're priced right and not a rather unusual property for the area.

Gulf Gateway Realty offers full service property management at a reasonable cost with NO markups on services or repairs to your property.

Call me today to discuss your goals!

MikeUrbinato@gmail.com

239-200-5742