With the help of one of the worst foreclosure waves to hit the area in history, SW Florida’s multi-family market is of keen interest to real estate investors.  Make sense?  If not, what do you get when homeowners go into foreclosure?  MORE RENTERS.

Over the last 4 weeks, we have looked at 3 complexes in Naples and Ft. Myers.  Two of the three are completely stabilized properties and cash flow very well, depending on the price you buy it at.  The coincidence is that 2 of these complexes are distressed sales.  Investors of this type of property most likely have other properties.  As some investors look to eliminate debt, they short sell or give up their other properties.  If the note on the complex we are looking at is close to loan maturity, we know we have a distressed property on our hands, because chances are, no matter what type of cash flow it throws you, the current owner will not be able to refinance the loan due to his other real estate in the crapper.

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