Hi Harry,
The hurricanes will always be there. Florida is not for everyone, but
I am happy here.

Currently real estate sales are slowing down nationally. With 20%
projected equity upon completion, hopefully your vacation home will not
drop 20% by the time you decide to sell it. I don't have a crystal
ball and I don't know when the market will take off again. But I do
know that Forbes.com rated Cape Coral #1 for job growth and net
migration which seems promising that Cape Coral will continue to grow.


And no... it is not next to a dentist office or something else
undesirable, but I really don't think I could change your mind anyways.

Mike Houston

Harry Krause wrote:
Harry Krause wrote:
Mike Houston wrote:
Florida is a baby boomer's heaven with warm climates, no state income
tax, and a relaxed coastal life style. You can play golf, go fishing,
relax at the beach, or go boating all year round. The waterfront homes
include backyard docks that lead out to the blue ocean waters. Take a
boat trip to the Florida Keys or visit the Bahamas.

As the market has slowed down, there are new opportunities available
for new home development in niche areas. In particular, the high end
homes of Cape Coral, Florida are doing much better than the mid to low
end homes. Cape Coral is still growing rapidly (5th fastest growing US
city) and most of us project it is only a matter of time that the
market prices will follow the population growth again.

I specialize in helping investors buy land to build spec homes below
market. I do this through my close network with some of the most
successful people in the local marketplace. One of my clients has an
off-the-market deal to offer a buyer with excellent credit (720+) a
unique opportunity to build a waterfront home for only $10,000 down
that is projected to have substantial equity after it is built.

Preconstruction price: projected about $850,000
$200,000-$300,000 projected equity when completed
$10,000 down

I am experienced in putting this kind of program together for many
others, including out-of-state investors. I have the contacts and other
necessary elements to assist you, thus making your job easy.

Mike Houston, Licensed Florida Realtor with Mike Houston PA
239-895-4202
www.investmentpropertysfl.com

(Disclaimer: All information presented here is based solely on opinion
and is subject to change without notice; no guarantees are made or
implied. All projections, examples, and pictures are for illustration
purposes only. Some restrictions apply.)



Probably next to a dentist's house...


P.S. Dear Mike: Since the property you are offering is in an area of
rapidly declining values and is in the middle of hurricane alley, I
counteroffer thusly:

$100 down, $850 for the $850,000 house. I'll pay cash. I've got my own
boats to populate that dock.

Can we time share it? I wouldn't live anywhere near there between May
and the end of September. Too frippin' hot.

Thanks. I'll await your call.