Category: Neighbors Healing Neighborhoods

Motivational Monday – Nov. 9, 2015

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Buy Houses “As Seen on TV!”

I’ve always wanted to say that! Really though, we have all seen the dozens of TV shows where houses are bought under market value. The Buyers put “sweat equity” into the rehab to save money and then they have two options, sell it for profit or rent for cash flow.

I have two properties in North Ft. Myers that could work for these scenarios. I have started the rehabs on both but need to sell to move to a larger project.

One is a 2 bedroom, one bathroom, one garage house that needs about $5000 to $7000 to finish. Depending on the rehab,1870 powell Dr there can be 12 to 15% profit.

The second is a 3 bedroom, 3 bathroom, in-ground vinyl pool house near a high school and swim club. This house needs about $20,000 in rehab and a possible profit of 15% or higher,

Both are under $90,000, as a matter of fact, one is under $60,000. (The more work I put in, the higher the price.) The predicted profit is dependent on how much is spent on rehab and if you can sell under market value. A lot of sweat equity, keeping jollycosts to a minimum and deciding to hold or sell will all affect the profit. The profit figures are not guaranteed. Your planning and rehab decisions will affect your profit. We are in a sellers’ market, take advantage of it to flip these houses.

Make an appointment to see these houses now! Houses under $100,000 are getting harder and harder to find in Fort Myers.

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

Natural Foods Icon Seeking Lender to Realize the Dream Again!

For over 15 years, my client was an Icon in the Natural Foods Industry.  He left his business and dream, in the hands of a manager for several years when he took a leave to be with a seriously ill family member.  He returned to find he had been forced from the business.  Long story but not needed here.

He is ready to return to the Natural Foods Supermarket arena that he drove for many years.  His new dream needs help from an Investor.  Reasons to  get involved:

  • His staff which included certified nutritional experts will return!
  • His chef, who is Nationally known and the owner of a Natural Foods Restaurant, will return!
  • Over 300 of his vendors will ship product with no money down and 30-90 billing based on his reputation and past performance.
  • A nutritional company has offered to label an entire product line with his company name.
  • Past performance (included in our package) a 17% cap rate and growth up to 20% yearly.

His new Dream will create new jobs in SW Florida.  Support of local charities and children’s education groups. will be an integral part of the business again.  Unique ideas will be obvious to shoppers including an in-store greenhouse to grow produce organically that will be harvested right to the shelves of the market!

Timing is everything!  Interest in Natural, Healthy Foods is growing exponentially just as our population in SW Florida is also growing exponentially.

He is seeking Angel Investors or Private money Lenders for a $925,000 loan.  He is willing to pay compound interest with a 3 1/2 year payoff.  A small equity share may also be available for a few years.  The package shows examples of his past financial success, his plans for a new Natural Foods Supermarket and his projected growth.   Email InvestSWFL@gmail.com for a Non-disclosure, Non-circumvention Agreement.  The entire package will be emailed to you as well an invitation to talk directly to this SW Florida Icon ready to return.

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Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

Here’s to the Year of Financial Freedom!

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Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com

Investors Needed for Neighbors Healing Neighborhoods

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Our Real Estate team locates homes under $200,000 that are 40 — 60% below market value in SW Florida. Our Investors purchase the properties alone or as our equity partners. Our company has several teams of experienced rehabbers that provide quality work quickly, efficiently and economically. Our team has years combined experience and have hundreds of HUD statements to show our ability to close properties.

Florida was one of the areas hit hardest with the Real Estate Downturn several years ago. Prices have increased as high as 26% over last year’s pricing in some areas. Rental occupancy and rental prices are at an all-time high due to the past economy forcing homeowners into rentals, the large number of retirees moving to Florida and the efforts of Economic Counsels attracting companies to SW Florida with tax advantages.
Our Real Estate Team finds, interviews and qualifies prospects for our “lease-to-own” program. We currently have a waiting list of applicants just from word of mouth referrals. If qualified prospects do not need to be placed immediately, we even take them with us to find the house and neighborhood they desire for their families.

Our Investors purchase the homes below market value. Tenants sign a contract for deed with the owners’ that allows them to apply for FHA loans when eligible for refinancing.  The tenant is required to participate in a credit counseling program. The time periods of the contract for the tenants to refinance range from 6 — 24 months with a discount on the price for early payoffs to Investors.

We have over 125 years combined experience in buying below market houses, rehabbing, and either flipping or renting those properties. We have several Joint Venture programs that can pay an individual Property Investor up to 60% equity. Larger funds will receive a minimum 15% equity share.

Contact us at InvestSWFL@gmail.com for Non-disclosure/Non-circumvent Agreement to receive our entire package.  In subject line type “RE: NHN”.

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Solutions of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
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Don’t Forget the True Meaning of Today

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Investing in Section 8 Properties

The Section 8 program was enacted in 1974 by Congress to provide rent assistance to low income families.  Tenants usually pay 30% of their income towards rent and the balance is subsidized by the Federal funds.  The program is governed by the Department of Housing and Urban Development (HUD).

To be eligible for a Section 8 voucher, the renters’ income needs to be 50% of the median family income in their area.  Applicants should be US citizens with a few exceptions.  Individuals with a criminal background or a previous eviction history are automatically disqualified.

For the Housing to be eligible, it must comply with  HUD Housing Quality Standards which basically ensure a safe and sanitary housing space.  The Housing Authority will inspect the unit at no charge.  The landlord can advertise the unit using normal venues or on sites that are specific to Section 8 housing.

One of the benefits of renting to a Section 8 family is the lease must be a one year lease that is applicable to rental laws.  If the tenant violates this lease, you can take action as allowed by federal, state and local laws.  The tenant runs the risk of HUD revoking the assistance voucher which will hopefully ensure the rent being paid.

The subsidized amount of the rent is paid by the Housing Authority directly to the landlord, not the tenant.  The participant then pays the balance of the rent to the landlord.  In some instances, the family can even apply their voucher to a modest home purchase.

A similar program is offered through the HUD-Veterans Affairs Supportive Housing program for rental assistance to homeless veterans with disabilities.  The VA also adds assists with case management and clinical services for the participants.  The current administration is making a concentrated effort to provide Veterans with the earned care and benefits to live productive lives.

Both programs allow landlords to place individuals in their properties with guaranteed rents.  All tenants must meet eligibility requirements as well as required background checks.  Placing Section 8 tenants requires working through the “infamous Red Tape” the first few times possibly but the rewards are worth the time and effort.  Your property is almost ensured a tenant since all offices have waiting lists plus you can feel good about yourself by helping these low income families and disabled Veterans.