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Old 03-08-2006, 08:27 AM
Joy Porter Joy Porter is offline
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Join Date: Mar 2006
Posts: 2
Thumbs up Cape Coral, FL

Hi Group:

I'm new to the forum...but have followed Chris' ideas for some time.

You might consider going to Cape Coral, Florida (southwest area). We are building 2150 sq ft. spec homes on waterfront canal lots for the baby boomers. We have negotiated the home price $50,000 under current market prices with a local builder.

The great thing is that for fully documented clients with 700 FICOs, you can do the whole deal for $4000 down. Interest payments and closing costs for the construction loan are wrapped into the loan. Stated income folks with 680 FICOs may need to come up with $10K or a little more. The build time is 14 months. We will sell them in the 10th-12th month. I've bought one and 25 of my investors are going too.

Wachovia Bank thinks Cape Coral will do 15-20% appreciation this year. Last year it was 44%. Looks like a strong return if it does anything at all.

Joy Porter
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Old 03-20-2006, 01:43 PM
liinvestor liinvestor is offline
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Join Date: Mar 2006
Posts: 1

Hey Joy,

do you have contact information so i can talk to you. I already have a pre-construction home in cape coral and am looking to do more.

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Old 03-21-2006, 06:16 PM
baseball123 baseball123 is offline
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Join Date: Mar 2006
Posts: 3
Default Hello

Hi, Joy ,

Would love to get involved in this , would you have any information or can I get any additional info.
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