Asked by Speed Demon, Los Angeles, CA • Wed Apr 15, 2009
I just started doing research on investing in rental properties in Cape Coral. I see a lot of houses in the 50K to 100K range. And I'm wondering if there's any catch attached with these low prices? Are there any hidden fees/cost that I need to be aware off?
If the property is under 100K I could probably pay cash for it without taking out a loan. The only thing I'm scare of is these properties are located in bad areas and I'm better off getting something in the 100K to 200K range in the long run.
I'm planning on visiting Cape Coral at the end of this month, so any help would be really welcomed.
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