Home Selling in Naples>Question Details

Tiffanie, Home Buyer in Toms River, NJ

Income property in Naples....where to begin?

Asked by Tiffanie, Toms River, NJ Sun Jun 2, 2013

We want to purchase a home or condo that will give us the most return on our investment. We live in NJ and want to purchase a 2nd home down in Naples not for our own use but as an income property. I need direction on the rental market. Where is it hot to rent? Where can I get the most return on my investment? Any advice would be greatly appreciated. Thanks!!

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21
Voices Member’s answer
Good answers below, but you need to establish a working relationship with a specific agent, who has done rentals, on both sides...I have. The information above is to truncated to give a detail analysis...and there is not enough time now to provide you with the numerous options available, but to start are you thing of doing a tax deferrec exchange? kathybc 800-448-3411 ext 601...(6/15)
0 votes Thank Flag Link Sat Jun 15, 2013
Hello Tiffanie,
You begin with the right agent who can find you the income properties. If you need a list of hot area income properties or, I should say just properties, you can use the property to rent and vacation in.
Please let me know if I can be of further assistance to you. I can also send you a free ListingBook account to do your own searches 24/7, My clients rave about their ListingBook Accounts. This is the right time to purchase a property.
Thank you.

Gregory A. Schmidt PA.
Premiere Plus Realty Co.
239-465-2761 Mobile
1 vote Thank Flag Link Mon Jun 3, 2013
Hi Tiffanie,
I hope you are having a nice weekend. It would be my pleasure to assist you in finding an income property in Naples. Please feel free to use my website, http://www.napleshomes.com as a resource while searching for real estate. I have helped many clients recently purchase income properties and can give great insight to guide you! At your earliest convenience, please contact me via cell 239.244.1559 or via email ryan@napleshomes.com. While you are located out of state, I can preview properties on your behalf and take additional pictures/and or video for your review. I look forward to hearing from you and assisting you. Have a great day!

Sincerely,
Ryan
Web Reference: http://www.NaplesHomes.com
0 votes Thank Flag Link Mon Aug 5, 2013
Already answered in June...if you are serious call me direct on my 800 number to discuss specifics...KathyBC 800-448-3411 x 601...(8/5)
0 votes Thank Flag Link Mon Aug 5, 2013
Dear Tiffanie, Please contact Versie Van Cleve email: vvancleve@aol.com . Versie is the head of the rental department and is in the know as to rentals & sales.
Regards,
Steve Moller, Realtor
http://www.buysellhomesnaplesfl.com
0 votes Thank Flag Link Sun Aug 4, 2013
Hello!

There are many great answers below.

If you would like to know more about the Naples area (school maps, resident & visitor guides, golf communities, area events, beach info, live webcams, etc.) go to my website http://www.NaplesListed.com. Oh yeah...you can search for homes too & read about our current market conditions.

Please contact me directly, I am here to help!

Justine Williams
Realtor - Amerivest Realty
239.404.0692
NaplesListed@gmail.com

http://www.NaplesListed.com
http://www.NaplesListed.info
http://www.facebook.com/NaplesListed
0 votes Thank Flag Link Wed Jul 3, 2013
First you would need to determine the price range that you can comfortably afford to invest. Next you would need to decide on your long and short term objectives. Max income? max appreciation? convert to second home for personal use? Then look at the areas that are a match. How often do you get to Naples?

A. Brendan Dwyer
0 votes Thank Flag Link Sat Jun 15, 2013
Hello,
My clients have been getting about 18K annual rent for both sides of a duplex in Lehigh Acres. Your initial investment will be under $140K. Some properties are already fully rented. This is simply the best investment with the cap rate pushing 10% or better. Thanks so much for your question. Please contact me for all your real estate needs. 239-464-8620

Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2012" by Gulfshore Life Magazine
sarahgarrett@argfl.com
Web Access to MLS:
0 votes Thank Flag Link Wed Jun 5, 2013
Hi Sarah,
Sorry the month long delayed response. I'd be interested in more rental info and any other insight you can offer. Thanks
Flag Thu Jul 4, 2013
Dear Tiffanie, Please feel free to search on our website http://www.buysellhomesnaplesfl.com .It's free with no obligation.
Steve Moller, Realtor
Naples, FL 34109
239-963-1262
0 votes Thank Flag Link Wed Jun 5, 2013
Hi Tiffany,
Properties get more expensive the closer you get to the gulf. How much do you want to spend? the rents are higher the closer you get to the gulf also. It's hot to rent anywhere that is close to the Gulf Of Mexico. Contact me if you would like to do your own searches on line 24/7 for free.
My name is Greg Schmidt.
Premiere Plus Realty Co.
239-465-2761 Mobile
239 455-2265 Office
0 votes Thank Flag Link Wed Jun 5, 2013
Good morning Tiffanie: Please call us if you are interested in starting a conversation. I'm originally from NW Jersey, but I have friends and family in the Tom's River area. I have been selling homes and investment properties in Naples since 1981. You can ck out our website at http://www.naplesrealestate.com Our direct # 239-370-0574. Since there are numerous variables: price point, multi-family, monthly fees, annual rental vs. seasonal leasing, it would be best to have a discussion to find out what type of investment best suits your specific needs. We have several ideas, depending on what your budget is, and we would be very happy to assist you with this purchase. Thank you, Michele Peppe
0 votes Thank Flag Link Wed Jun 5, 2013
Good Morning Tiffanie,
You might be interested in this property for investment. It is a new home in the Naples Bay Village area of Naples. The builder is looking to lease it back to use as a model home for the next year or more at a 7% return. This new home is a 3 bed, 2 bath with a 2 car gar for only $279,000. Please click on this link for more info;
http://www.trulia.com/property/3059372139-2960-Van-Buren-Ave…
Please contact me with any questions.
Best Regards,
Gary Gebelhoff
0 votes Thank Flag Link Mon Jun 3, 2013
Hi Tiffanie,

Nobody knows better than you, what you want and like. Please feel free to set up a FREE account on our website. http://www.buyandsellswfloridahomes.com Here, you will have full access to MLS and will be able to search just like an agent! Once you put in your criteria, you will also get automatic alerts when new properties hit the market that meet your criteria. We are looking forward to discussing all of your options with you.

Thank You,
Jimmy Armstrong
The April and Jimmy Team
Realty Direct Naples
239-877-3194
AprilandJimmy@RealtyDirect.com
0 votes Thank Flag Link Sun Jun 2, 2013
Dear Tiffanie,

A Home or Condo with low HOA fees and newer amenities are great to rent out. I could set you up with our state-of-the-art notify system, where you will get new listings that fit your criteria, right into your e-mail.

Here the link for Foreclosures:

http://Naplesinflorida.com/foreclosures

Best Regards,

Dimitri Schwarz, Realtor
Premiere Plus Realty
Gulf Shore Team
370 12th Avenue South
Naples, Florida 34102
Phone: 239.992.9119
http://Naplesinflorida.com
0 votes Thank Flag Link Sun Jun 2, 2013
Hi Tiffanie,

All my colleagues have given you excellent advice. Just to help a little bit more, i am going to give you 2 links with properties I have researched for you.
One with single family homes with a high return and one with duplex/triplex type properties which are also a great income producer.

Homes: http://www.foreclosurenaples.idxco.com/i/5837/Tiffani_Naples_homes
From a very quick study, I found out that an average of $188,000 home can bring you about $14,800 net income per year which gives you a 7.9% cap rate on your investment, which is excellent.

Duplex:http://www.foreclosurenaples.idxco.com/i/5837/Tiffanie_Naple…
After a quick observation, here are the numbers on this type of proprieties: an average of $210,000 duplex, can fetch in average of $16,000 per year which gives you a 7.6% cape rate, which is still very good.

However, building equity in a duplex/triplex is not as easy as building equity in a good location single family home and since the prices on duplexes have already moved up quite a bit, and of course depending upon your budget, i would suggest the best investment right now would be a SFH in a good area.
If you would like to discuss further, I am available at 239-404-7576.
0 votes Thank Flag Link Sun Jun 2, 2013
Need a lot more information as to how much you are interested in investing. The higher cost the property the fewer the opportunities to find an upscale tenant. Most of Naples upscale tenants are seasonal renters. Lower costs rentals are further east. Need to talk and find out exactly what you want. KathyBC 800-448-3411 ext 601...(6/2)
0 votes Thank Flag Link Sun Jun 2, 2013
Hi Tiffanie,

If you are looking for the most return for your money, it is our experience, that a duplex will generate the most monthly return for your investment. We have several duplexes in very desirable locations that we would like to share with you. We will also be happy to manage the property and supply you with qualified tenants. Please contact us at your earliest convenience and we will be happy to send you more information. We are looking forward top assisting you with all of your real estate needs.

Sincerely,

Jimmy Armstrong
The April and Jimmy Team
Realty Direct Naples
239-877-3194
AprilandJimmy@RealtyDirect.com
0 votes Thank Flag Link Sun Jun 2, 2013
Dear Tiffanie, Thanks for posting. I would recommend speaking with Versie Van Cleve the head of our rental department as she can best advise. You can email her at Vvancleve@aol.com
regards,
Steve Moller, Realtor
Vanderbilt Realtors
Naples, FL 34109
http://www.buyseehomesnaplesfl.com
0 votes Thank Flag Link Sun Jun 2, 2013
We work with a lot of buyers just like yourself......we also currently manage 200 rentals for those said clients. When you have a moment send me your info and let me know when a good time to speak would be. We can certainly help.

jessemcgreevy@gmail.com
239-898-5329
http://www.Domain-RealtyGroup.com
0 votes Thank Flag Link Sun Jun 2, 2013
Tiffanie

My team has extensive experience with investors in the Naples and Marco Idland markets. We would welcome the opportunity to speak with you and assist you. Reply to your questions requires further infiltration on your goals and budget. Please contact me to discuss and then we can provide direction as to where your opportunities may be.

Thanks

Kenneth (Ken) Lowe
The Tropical Team
Lowe1991@aol.com
239-595-2212
Web Reference: http://Www.ken-Lowe.com
0 votes Thank Flag Link Sun Jun 2, 2013
Pelican Bay and Vasari do VERY well with rentals. Please feel free to call me at (239) 595-2221 if you would like to discuss. You may also visit my website at http://www.FrankPetras.com.
0 votes Thank Flag Link Sun Jun 2, 2013
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