Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:08):
Good morning, and welcome to your Wednesday. Today is May
twenty first, twenty twenty five, and your tune to real
estate exposed right here on news radio WCCF. Real Estate
exposed a fast paced look at the local market here
in Charlotte County and surrounding counties as well. So if
(00:28):
you're buying or selling, chances are you might have a question.
You may hear something on the show today that says,
you know, I'm wondering if or I'm wondering, how you
can log onto Matthew Patterson dot com. Matthew Patterson dot com.
They've got some very wonderful, friendly, talented people to help you.
So Matthew Patterson dot com. Let's jump into the show
(00:51):
right now. Ladies and gentlemen, here's Matthew Patterson.
Speaker 2 (00:55):
Good morning. How are we doing?
Speaker 3 (00:57):
Great?
Speaker 4 (00:58):
Good Shannon, I'm alive and kicking.
Speaker 2 (01:02):
That's bad for what hump day?
Speaker 4 (01:05):
Right day it is. We're in the middle on the
home stretch and we get to look forward to a
three day weekend we do.
Speaker 2 (01:13):
Yes see, I always find out this stuff later because
I forget that it's all.
Speaker 4 (01:17):
Right, you only look at your calendar one day.
Speaker 5 (01:21):
It is.
Speaker 4 (01:21):
It is very very busy. He looks at his calendar
per day, not throughout the week. So yeah, yeah, uh
so what's new?
Speaker 2 (01:29):
What do you what are you feeling? What's going on
in your world?
Speaker 4 (01:32):
Well, in Charlotte County world, if you're heading north over
the bridge, you're gonna be busy. You're gonna be stuck
in traffic in front of sunseekers because there's a gigantic
semi truck that's getting put on a on a tow truck. Oh,
there's some not happy people out there on the roads.
But we were not going that way. So we were
coming into into Port Charlotte O TB. Nothing much happening
(01:53):
in our area. You can really tell season is uh
upon us. Matt and I were run in someplace yesterday
and we went across you know, four lanes of forty
one and we get up there and usually you got
to wait, you know, twenty thirty cars and we're like,
there wasn't.
Speaker 2 (02:09):
Ay we were there to Henry and forty one. Yeah,
and I'd say, you know, yesterday was the same, what
it big different?
Speaker 4 (02:16):
It was like just an immediate from one day to
the next day. Are gone. But for us locals, great
thing happening out at Boca Grand at the Sandbar on
Saturday the twenty fourth on Dog Island. But we all
know it's a sandbar right there by the bridges in Boca.
It's a Boca Grand sandbar. H two o music fest,
(02:38):
live music, food bands, all kinds of fun shenanigans happening.
So bring your boat, your yacht, your kayak, your paddle board,
your jet ski, whatever you got, load up the kids,
the dogs, and it's going to be money a sunscreen. Heck, yeah,
that's the one place you will not find me. No,
(02:59):
I have no desire to be out there at Saturday
from ten to three.
Speaker 3 (03:05):
Yeah.
Speaker 4 (03:05):
No, I mean, obviously, for various obvious reasons. I don't
have a boat. But if somebody wants to offer, you know,
I'm willing to accept. But I like going out to
the sandbar early early in the morning, about eight eight thirty,
you know, where there's nobody out there and just enjoy
the water and watch the dolphins. But yeah, a sandbar
music fest. I'm sure it's a blast for those people
(03:28):
out there, and I hope everybody is safe. But you know,
it is one of the one lovely things about our area.
Speaker 2 (03:34):
What else we got going.
Speaker 4 (03:36):
Not much else. Knda Gorda always has their great farmers market.
I did hear a rave review about the well and
Park farmers market that's held on Sundays from one of
our agents. He's like, oh, I could have spent hours
and hours and hours over at the Well and I
know I'm going to go check it out. So yeah,
well in Parka here has a killer farmers market on
(03:57):
Sunday mornings. That's really all I got. No real big
news happening here other than Zane said that, you know,
a favorite of our growing up childhood TV shows, Norm
from Cheers, has passed Norm.
Speaker 6 (04:12):
I know.
Speaker 4 (04:13):
Everybody walking I know, so yeah, you know, I guess
it's just another reminder that we don't get to be
here forever.
Speaker 1 (04:22):
That's right, And this is I have an event too,
if you guys will let me imagine this one too.
I think we mentioned this last week. But because Memorial
Day is Monday, that's going to be the last day
for Harpoon Harris having that huge send off and a
huge party and.
Speaker 4 (04:37):
All that good good. They deserve to go out with
a splash because they've commune. You know, they've been a
community landmark for thirty three years.
Speaker 1 (04:44):
I've loved them since they opened. The food and the
atmosphere and the people.
Speaker 4 (04:49):
Yeah, so hopefully we get to see some of the
the employees there at our other local restaurants here in town,
so I would imagine, yeah, exactly. So yep, Okay, let's
talk some real estate numbers, okay, which we got.
Speaker 2 (05:02):
All right, so you know, again we talk about watching
the market weekly daily. So three weeks ago we had
seen the new listings and the new contracts in Charlotte
County be you know, come up real close to one another.
Then we saw that separate a little bit. Well, this
past seven days, one hundred and sixty six new listings,
one hundred and sixty, one hundred contract so we're within
(05:25):
five as close as we've been there, so very good.
One hundred and forty four closings that is, that is
up significantly, So super excited about that. Excuse me, now
we're gonna go to kick Coral Fort Myers three hundred
and eighty two new listings.
Speaker 4 (05:40):
Wow, so uh.
Speaker 2 (05:41):
Wait for contracts three twenty three closings two thirty eight.
So real estate is moving that and.
Speaker 4 (05:50):
I noticed this week we don't have a lot of
new listings going on, which is interesting because I feel
like we were getting you know, five seven ten listings
a week, and I think the buyers are now engaging,
and I don't know what that means. Maybe it's just
a slow week, but.
Speaker 2 (06:09):
I think it's a combination. You know, honestly, we've seen
this year over year over year. This is pre storms. Yeah,
you could see the trends, you know, definitely January February Mark,
we'd see a lot of listings at the market, and
then you'd see a lot of contracts, you know, several
through January Fairy mark, and then April, May and June
(06:31):
a lot of contracts, but less listings come on, yes,
and then you know the storm's kind of through, you know,
people getting work done and just the general market the
consumer confidence kind of mess things up to where you
couldn't track it exactly. I think this is an indicator
(06:51):
of kind of the past times as far as new listings.
And that's why if you know, as far as listing
your home, now's the time to get it on right.
Speaker 4 (07:00):
You're going to be the new shiny toy on.
Speaker 2 (07:02):
You got it on the market, and we know that's
not you know, that shiny toy doesn't last thirty sixty
days anymore. It's it's seven, ten, fourteen days max. Where
you were going to get the most attention. So to
be a new home listing, not brand new home, but
to be a new listing to the market is huge
right now.
Speaker 6 (07:22):
Cool?
Speaker 4 (07:22):
Yeah, I think they've got a lot of great opportunities.
Speaker 2 (07:25):
So yeah, so let's talk about our months of inventory.
So Punta gord Isles and Burnt Store Isles, we'll talk
about our five hundred to seven fifty, one hundred and
fifty five new listings or listings on the market. Last month,
twenty one sold on average ninety five percent list price.
(07:47):
We've seen it average days on market. Youre coming down
to sixty seven your months of inventory fourteen, So yeah,
you know, again it goes back to that that buyer
engagement of twenty one another, you know, you double that
and all of a sudden you're to balance market. So
I feel like we still got a lot of buyers waiting,
(08:07):
which I'm going to talk more about later, which we
are coming up on the break here. We're going to
talk today. I've got some I want to talk investment obviously,
what I'm feeling, what I'm seeing the calls I'm getting.
We're going to talk about inventory as far as why
I think if you're a buyer you need to be
(08:27):
jumping in. Yeah, and we're going to talk about the
current listings on the market. And that's coming on awesome,
So stick around. We'll see you on the other side.
Speaker 7 (08:35):
Even for people who live out of state and need
to sell their home, Matthew Patterson provides the same level
the exceptional customer service. Nancy and Justin were living in
a different state, needed to sell their home in Ford Myers.
Since they were miles away, they wanted to work with
the team of real estate experts they would well that
they could trust to get their home sold for the
most money possible with the least amount of stress. So
(08:55):
they reached out to the Pattison Group for help. They
said that Mike and the entire team for the past
Madison Group mate selling their home a breeze. This's the
Chuck Brittain for the Pattison Group. When it comes to
selling your home or buying a home in the Southwest
Florida area, you want to work with the best, and
that's why you need to call my friend Matthew Patterson
of the Patterson Group at Keller Williams Peace River Partners,
Google the Patison Group at Keller Williams Realty, or just
(09:18):
look up Matthew Patterson dot com. That's Matthew Patterson dot com.
Then start packing because you will be moving your home.
Speaker 3 (09:25):
Sales down when you call Matthew Patterson. Go to Matthew
Patterson dot com.
Speaker 5 (09:32):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They understand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink Land and Title,
(09:53):
you aren't just a customer your family. Call today at
nine four one five zero zero five five zero nine
or online at Oak and Ink Title dot com.
Speaker 1 (10:03):
The local organization CARE, the Center for Abuse and Rape
Emergencies Needs Your Help. CARE provides twenty four hour hotline services,
twenty four hour rape crisis hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counseling, donate or volunteer today Call nine four one
(10:25):
six nine five four nine nine or donate items at
their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 6 (10:34):
Hi. This is Celine Dion asking you to help put
an end to premature birth. I share the concerns and
fears of every parent, knowing that more than one million
babies around the world die every year simply because they
didn't get enough time to grow. Let's work together for stronger,
healthier babies. Visit Facebook dot com slash world Premature today
(10:58):
to find out how you can make a difference.
Speaker 4 (11:02):
Thank you for caring.
Speaker 3 (11:04):
Your home sale is down when you call Matthew Patterson,
go to Matthew Patterson dot got property.
Speaker 2 (11:21):
All right, we're back.
Speaker 1 (11:22):
It's our next segment of real estate exposed right here
on news radio WCCF once again. Don't forget really nice
website too, by the way, it's Matthew Patterson dot com.
Matthew patterson dot com the place to go for all
things real estate. And you learn a lot just right
there and talk about some of the beautiful pictures of
(11:45):
the houses, and you can spend hours on there.
Speaker 4 (11:47):
Really it's a fun thing.
Speaker 6 (11:50):
To do.
Speaker 4 (11:50):
Especially, you know, we get like the bird'seye view of
the new newest listings, and we get to see their
photos first, and you know, we all kind of like,
oh man, that's a great house, and yeah it is,
it is really And then you know, obviously we build
our website so all of our clients can come and
get the same experience and then get excited about you know,
this is what we'll market your house for. Or I
(12:12):
might be interested in buying this house, so that's.
Speaker 2 (12:15):
Right, all right, So we'd love to hear any of
the questions that you may have as far as listening
uh weekly or even if this first time you've tuned in.
We want to know what questions you have that could
help that we can help talk about and feature in
our coming soon shows. Uh follow us on Facebook, on
(12:36):
Instagram at the Patterson group, or shoot us a direct
message and of any questions and we'll unpack it on
the future shows of Real Estate Exposed.
Speaker 4 (12:45):
I think that'd be fun, you know, because obviously you
and I or your guests, you know, we chit chat
about things that we've you know, thought about that comes
to our mind. But obviously we're here to serve our community,
and we would love to be able to of them
the content that interests them or that is pertinent to
where they are in their situation.
Speaker 2 (13:05):
Yeah, I feel like that. You know, obviously when we
talk about the show, we're always trying to you know,
what are we experiencing right now, what's going on right now?
You know with you know, for you know, renters, buyers, sellers, Uh,
you know what questions they have, whether than all the
insurance stuff.
Speaker 4 (13:23):
Which you know, which we mentioned last week.
Speaker 2 (13:26):
Yeah, that was my rant last week, which I just
want to be clear. I still stand firmly where I
was last week about insurance, and uh, very good.
Speaker 4 (13:43):
Point, just just saying, yes, ranting is fine. We all
you know what, well, it's just wrong. You rant on
the radio. I rant in the car.
Speaker 2 (13:52):
Okay. So I'm in appointments obviously multiple times a week,
and the stories I hear and of you know, we're
just all hard working people. So many of them have retired,
they're on a fixed income, and it's the last thing
they should have to battle when they've paid their premium
over and over and over. You shouldn't have to go
fight for your money, agreed to get to be made
(14:14):
whole it's just wrong.
Speaker 8 (14:16):
Yep.
Speaker 4 (14:17):
I'm right there with you. You're preaching to the choir.
Speaker 2 (14:19):
Okay, so I'll stop that, okay for no, But you
know that's what we're after. We're after what what's our
listener's experience and what do they need help with. I
know everyone is busy, so this might be you know,
you know, ten minutes, thirty minutes, maybe the whole hour
that you get to listen to the radio through right
(14:39):
today that you know, if we can answer some of
those questions you don't have to go and seek them,
then we're bringing value well.
Speaker 4 (14:47):
And plus, as as Zaye was so amazing and doing this,
We've uploaded all of our radio shows, so if you
ever missed a topic or you have to run out
for doctor's appointment or whatever, you can always go to
our website at the Patterson Group or real Estate Exposed
and we listen to some of our radio shows and
get some information if you miss something exactly.
Speaker 2 (15:10):
So you know, today, you know, I want to talk
a bit about investing in what I'm experiencing because obviously
you know, I had another call this morning with investors
that are looking to purchase and build here multiple homes.
But yet you know, and we touched on it before.
Why you know, a lot of the consumers are wondering
(15:32):
why or you know, why is there so many homes
still under construction, whether you know things seem slower, there's
so many existing homes already on the market. Well, some
of those the permits have already been pulled. There are
you know, that progress is that train has left the station.
So they're going to keep those going. They're going to
finish those. But also because this is a a really
(15:52):
a small amount of time in the big picture, right
you know, the market is not you know, is coming back.
It's going to come back very strong here. They see
that when you look at other parts of the country,
this is a hot area to invest in. So that's
why I'm saying, you know, on the buy side, if
(16:15):
I'm a buyer, I looked this morning in almost five
hundred reductions the last week. And you know these are
not just small reductions, not one percent or a thousand
dollars here there, I've seen several five to seven percent.
Speaker 4 (16:28):
Yeah. Well, and that's I mean, like we talked about
last week, and what we'll talk about here in a
little bit about some of our price improvements is you know,
you just like when you put your house on the market,
you have got to get the attention of the potential buyers. Well,
same thing when you make a price improvement, you have
got to re engage those buyers who might have missed
(16:48):
your property because of the price. Now you're in their
price range. And it kind of makes a statement that hey,
I really do want to sell my house. I really
want you to buy it because I really have to
go move on and go see the grandkids, or you know,
sell my house and live in a van and go
travel the world. Whatever your your dreams are. But you've
got to make an impact.
Speaker 2 (17:08):
So that's exactly right, And it all comes down to timing, right,
what is your goal?
Speaker 4 (17:12):
Yeah, yeah, And I think that's the same thing about investments.
You know, when a lot of people are maybe not
sure if they want to live her full time, you know,
buying an investment property, maybe renting it part of the
year for yourself and then on the other months that
you're not here, airbnb it or just kind of get
a feel of what's here. Or maybe you are looking
for extra cash flow, you know, extra sources of income,
(17:35):
and maybe you're at an age where you can't go
out and get another full time job. But maybe buying
an investment in a rental property or an investment property.
You buy it, do a little bit of work, flip it.
It's a nice way to make some money rather than
playing the stock market.
Speaker 2 (17:49):
Too well, and in my opinion, just my personal opinion,
a lot safe for the stock market. Oh yeah, I
know some have done fantastic in the stock market. But
real estate, you have something tangible.
Speaker 4 (18:03):
It's always it's always a good investment.
Speaker 2 (18:05):
It's always a good investment. You know what what what's
the fray? When was the best to invest yesterday?
Speaker 4 (18:12):
Yesterday? Yeah, it's best day today.
Speaker 2 (18:14):
Today, right? And the reality is, because it's all about timing. Yes,
maybe that home that you're going to invest in the
day is two hundred and seventy five thousand that you know,
if you look back, was one seventy five. That you've
got to get past that one hundred thousand dollars different
than go that two seventy five is going to be
three fifty, right and going to be four hundred and
(18:36):
not to mention that residual income that you're going to
get off of that property.
Speaker 4 (18:39):
Well, and it's something it's it's kind of like that
legacy too. If if you buy you know, several properties,
or even just one nice property, and you hold on
to it, it could be something you give your children
for their future. So lots of opportunities.
Speaker 2 (18:53):
She's responsible.
Speaker 4 (18:55):
Oh, yours will be very responsible. I have no doubt.
Speaker 2 (18:59):
All right. So one of the questions that I got
that I've been asked is what are green flags for
invest investment properties? What are red flags?
Speaker 3 (19:07):
Hmmmm?
Speaker 4 (19:08):
Kind of like dating.
Speaker 2 (19:10):
That's right, Well, I'll tell you the green flags. Obviously,
the most money that you make or you make your
money on the buy. Okay, you know we've all heard
that over and over from multiple investment gurus, and what
that means is that you've got to buy it right.
Do not you know, you've got to lead with revenue.
Do not purchase and overpay for the property, you know, general.
(19:35):
You know, I was taught by my mom at a
very young age. If it's you know, on on investment
property that she was going to rent, if it, you know,
it's kind of that one percent rule. If it's four
hundred thousand, you need to you need to get four
thousand dollars a month run out of it.
Speaker 4 (19:51):
Well, okay, that's a great that's a great analogy, great
way to think of exactly.
Speaker 2 (19:55):
So that's your quick math. Then you have to take
into considerations what is your carrying cost. I'm looking at
your big ticket items, your your roofs, your A c's
definitely here in Florida, insurance insurance is a huge one.
But on top of that is also if you know
the h o as, is it in an h o
(20:15):
A and what does that HOA include? You know, I'm
not completely against h o A depending upon upon what
value I get out of it, but that is going
to eat directly into your profit. Yeah.
Speaker 4 (20:28):
Well, and it also eats into your income opportunity because
h o as sometimes don't even allow airbnbs or rentals,
so you have.
Speaker 2 (20:36):
To oh, yeah, that'very. So it's going to limit how
much leney.
Speaker 4 (20:39):
That you can do with that property.
Speaker 2 (20:41):
Well, it's all about the net. So you want to
make sure that you're purchasing that property for the right
amount going into it, so you're leading with revenue there.
And then you know, also if you really want to,
you know, to be careful, you want to look at
what is your your your next year cost three years,
five years, so you know when those big ticket ticket
(21:02):
items are coming and be able to plan for them. Yeah,
all right, I've got a lot more questions we're going
to get into. We're going to roll into the next
break stick around. We'll see you on the other side.
Speaker 8 (21:11):
Customer service matters and really makes a difference in choosing
a realtor. I'm Todd Matthews and listen to this review.
Shawna was getting ready to move to the area and
needed to find a place to live as soon as possible,
so she reached out to the experts at the Patterson Group.
Nicole from the Patterson Group went right to work and
was able to quickly find a home for Shauna and
(21:32):
north Fort Myers. Shawna says that Nicole and the Patterson
Group provided awesome customer service there it is throughout her
home buying process, and said that she wouldn't have been
able to move across the state without the help of
the Patterson Group. When it comes to selling your home
or buying a home in Southwest Florida, you'll want to
work with the best, and that's why you need my
friend Matthew Patterson, the Patterson Group at Kevin Williams Peas
(21:53):
River Partners. Reach out today at Matthew Patterson dot com.
That's Matthew Patterson dot com and start packing because you
will be moving.
Speaker 3 (22:02):
Your whole sale is done when you call Matthew Patterson
the Matthewpatterson dot com.
Speaker 5 (22:11):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They understand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink, Land and Title,
(22:31):
you aren't just a customer, your family. Call today at
nine four one five zero zero five five zero nine
or online at Oakandinc Title dot com.
Speaker 1 (22:41):
The local organization CARE, the Center for Abuse and Rape Emergencies,
needs your help. CARE provides twenty four hour hotline services,
twenty four hour rape crisis, hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counts. Donate or a volunteer today Call nine four
(23:03):
one six nine five four nine nine or donate items
at their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 9 (23:12):
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walk them, pet them, and care for them whether they
want you to or not. You can take a picture
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Speaker 3 (23:42):
Your home sale is done when you call Matthew Parson.
Speaker 4 (23:46):
Go to Matthew Patterson dot com.
Speaker 1 (24:07):
All right, we are back with real Estate Exposed here
on news Radio WCCF, and we're getting ready to get
into our next segment. Before we go there, let me
remind you one more time to go log on to
Matthew Patterson dot com. You'll be really glad you did.
Matthewpatterson dot com for all things real estate. Here's Matthew Patterson.
Speaker 2 (24:29):
Okay, welcome back. We're talking investment properties and I've got
some questions that have been asked so that we're gonna
dig a little deeper into. So the first one is
what are the green flags for investing in properties. Now
we're gonna talk about the red flags. Okay, one red
red flag for me or no go. You know, could
be the neighborhood. As far as when I say neighborhood,
(24:51):
I mean the surrounding homes around that property I'm gonna
invest in because I can change that the home that
I purchased, but I can't change those. So you know,
if you know, depending upon you know, if I've got
homes that are not being kept well kept, or yards
(25:12):
or a lot of you know, additional vehicles, which means
a lot of people in and out of there, that's
going to deter some of the renters that that you're
going to have. So just you know, just the same
as selling a home, the more people you have interested
in the same home at one time, the more money
you're going to give for that home. The same thing
on rent, you know, can you find a renter, Sure
you can, but then you may have to decrease the
(25:33):
rental price, and which is now affecting your you know,
what you're making on the profit.
Speaker 4 (25:39):
I would also say as far as neighborhood, it's also amenities.
Speaker 2 (25:43):
What's close by exactly, shopping well and and you know,
what lifestyle.
Speaker 4 (25:50):
You're going to be, access to the interstate.
Speaker 2 (25:52):
How close yard to the kids school?
Speaker 4 (25:53):
True schools, that's.
Speaker 2 (25:54):
Right, So that's definitely a big one. And then I
would be looking at I you know, there's major deductions
for different types of roofs and construction, be it a
block home versus a frame home, hip roof versus gable,
(26:18):
what type of material is on the roof. Those things
are very important to me, and I am very important
to a lot of buyers at you know, post storms
that I think you need to really consider for the
you know, if you're going to keep this as a
long term rental.
Speaker 4 (26:36):
So I guess, I guess if you like are in
a certain neighborhood in the homes are very affordable, you know,
let's just say, and maybe the low two hundreds, but
they've got the old you know, the old flooring and
the old windows and the small ceilings. Those probably aren't
as attractive to renters or at least making a better profit.
(26:56):
I guess, I don't know how to say it.
Speaker 2 (26:57):
The right carrying costs.
Speaker 4 (26:58):
Yeah, it's because it's because you've those old you know,
just say you've got like a nineteen seventy something home
and you've got those slat windows. You know, those are
expensive to replace. They're not secure as far as safety
goes and protecting your property. I'm sure they're not energy
efficient at all. So yeah, I think definitely the quality
of the home and the year built and some of
(27:18):
those things.
Speaker 2 (27:19):
And this is going to change when you're investing, as
you get further into investing and you have more resources
and more funds to take on those projects that you
can change. You can get some great deals. But if
I'm newer to investing, those may be, you know, not
the ones that I want because of the capital.
Speaker 4 (27:41):
Okay, so that's a great lust capital. If I'm new
to investing and I'm looking to buy my first investment property,
probably a fixer upper would not be the right way
to go, even though it may be quote unquote affordable
for the purchase price. But then you've got the remodel
price included. So maybe something more in the middle that
is somewhat updated, a newer roof, you know, I agree.
Speaker 2 (28:07):
Even a little date, It's okay if we're solid you
know the type of roof, you know, you know, hip roof,
you know, especially if you have some type of storm protection.
That's where I would go if I was if I
was newer to the investing. Did I have a lot
of capital to do those improvements and it's going to
(28:30):
save you on the insurance.
Speaker 4 (28:31):
Just just to quickly back up, just for just for
those novices here maybe listening. What's the difference between a
hip and a gable roof? How can I if I'm
driving by a house, how can I tell the difference?
Speaker 2 (28:42):
Okay, gable roof is gonna just imagine kind of like
your older barnes where you know it's got the peak
in the middle and goes down each side, just a
tip roof, if you will, So that that's going to
be your hip or your gable roof. Your hip roofs
are going to come down in all four sections. Okay,
so your ends are down as well. So what happened
(29:06):
is is after Hurricane I believe Charlie, they found that
there was more damage to the gable roofs because the
wind would come in the end and then once it
gets under there, it then would compromise the roof. So
they started, you know, the insurance pricing changed to where
your hip ros get one of your biggest deductions that
(29:27):
you can get even more so than hurricane protection on
windows and doors. So and to get that qualification, I
do not believe it's changed, but it's it's been ninety
It has to be ninety percent hip. So you can
have a couple of gables on the roof, you know,
the decorative.
Speaker 4 (29:45):
One, maybe over the frog or something like that.
Speaker 2 (29:48):
But if you're ninety percent or more hip, you're gonna
get a very good deduction.
Speaker 4 (29:51):
Okay, I just there maybe some people out there who
didn't know the difference.
Speaker 2 (29:56):
And I'm not saying I wouldn't buy one with a game.
I just wouldn't know that it's going to cost me
more on insurance, so I'm gonna need Again. It's all
about you make your money up front. It's going to
determine what kind of offer and what kind of price
I ultimately pay for that home. True, all right, So
second question should new investors focus? This goes right with
the first one. Is I'm ready to focus on cash
(30:18):
flow or appreciation that long term gain.
Speaker 4 (30:22):
What do you think if you're a new investor, I
would focus on cash flow because then that gives me
an opportunity to kind of buy another rental property and
rinse and repeat would be my That would be my guest.
I don't know if that's the right answer or not.
Speaker 2 (30:39):
I believe that is the perfect answer. Kay, That's exactly
the way I've always looked at it and went for
it as a new investor. If and a lot of
them are going to want to multiply that this they
want to have multiple homes, okay, or multiple properties, you're
going to need that cash flow. And there's loans. Now,
this is what we you know Artlane, have talked about.
(31:00):
And again reach out to us Matthewpatterson dot com and
we will connect you with these lenders. They have loans
now that on investment properly, that they base off of
that property being able to carry itself. So if you
have the cash flow on the property, me it's covering
its expenses, you can get that loan on it and
move on to the next one.
Speaker 4 (31:21):
Well, that's just true too, because you don't let's just
say I want to buy a house for three hundred
and fifty thousand, I don't have to have three hundred
and fifty thousand dollars cash, No, I just have to
have enough for the down payment, exactly right. The closing
cost all of that stuff, and then be enough to
carry it while I do whatever repairs or improvements I
need to make, pay those monthly bills and then if
(31:45):
I'm going to flip it, for instance, list it and
move to the next. So I think a lot of
people also think, oh my god, I don't have a
half a million dollars sitting in the bank to invest.
You don't need that, you don't need.
Speaker 2 (31:55):
Thank for, But you did just bring up another thought
that I had.
Speaker 4 (31:58):
Uh oh, what'd I bring up?
Speaker 2 (31:59):
Well, it's the same thing with flipping homes, because you're
carrying costs. Yes, how you know a lot of people
don't take this into consideration when they're going to flip
a home. Is how long is it going to take
me to get it back on the market and get
it sold. You are paying the taxes, you were, you
were paying the insurance, you are paying utilities on this.
I'm going to tell you they can add up and
add up quickly. So same thing on the rental. If
(32:25):
you buy a home that is a fixer upper that
needs a lot of work, that's something that we didn't
dig into that all of that takes time to get
the home ready.
Speaker 4 (32:34):
To rent, right, Yeah, you gotta project.
Speaker 2 (32:36):
Okay, so you need to make sure that you have
adequate reserves, you know, to be able not just to
do the repairs, but to carry the costs of that
home until you start getting it rented and start getting
money back. Very very very important. And I can tell
you that has changed over the years, and it will
(32:56):
always change. What I mean by that is how fast
you can get the work done, how much materials cost.
For a long time, I could walk in and know, Okay,
I've got X mountain drywall, I've got X mountain this,
I've got it because I had done enough projects that
I knew what, you know, what it costs per square
(33:18):
foot and you know for this kind of countertops, how
much for you know, per room for cabinets to where
you know, I could calculate that and I would always
put a buffer on it, which by the way, always
put above for you do you do? And that was
pretty pretty easy to do. But then things change and
(33:41):
materials start shooting up, and hurricanes happen. Well guess what
happens after those hurricanes. Labors hard to get to. These
guys are slammed, These guys are busy. Now if you're
just you know, if you're flipping one home here, one
home there, or buying long term investment you know, which
we'll call hold. If you're buying to hold, then you know,
(34:04):
and it's all going to depend on your relationships. But
at the end of the day, if these contractors have
have uh you know, big projects, meaning multiple homes for somebody,
I mean, there's no way I can expect them.
Speaker 4 (34:19):
To be You're into. The day is long ways away, right, so.
Speaker 2 (34:24):
You need to make sure that you take all that
into consideration. So if you're going to buy your first one,
then again, this is why it's great to work with us,
that I can help you with some of those contacts.
I can help you with contractors that we like, no love, trust,
and are going to be fair. It's not always the
(34:45):
cheaper that is the better. You might save you know,
a few hundred or even a few thousand by one contractor,
but he doesn't do it a lot. And what if
he doesn't, you know, calculate everything exactly.
Speaker 4 (35:00):
Right, then you may end up paying that and then you.
Speaker 2 (35:01):
Have over it else or worse off, it takes him
two to three months longer than what he anticipated, and
you've got that carrying costs. So you know, these are
all very important things. I have had calls before it
and they say, okay, I want to invest in property.
I want I want to flip. Yeah, I say great, okay,
what's your you know, what kind of margin do you want?
(35:24):
And what I'm asking is what kind of profit margin
are you wanting to make? Because depending on the market,
depending on a lot of a lot of things that
we take in consideration. Again, reach out, we'll sit down,
I'll go through this with you. Is going to depend
on on whether I'm looking for that needle in the
haystack right or if it's it's definitely viable and yes,
(35:46):
you know, I think you know, this is a great
time and you can get a twenty five percent I have.
I have had some say, well, you know, I'm okay
if I at least made ten thousand. I disagree completely.
Ten thousand dollars. I'm going to tell you right now,
a septic system now that used to be three thousand
is now ten thousand. One mistake that may just be
(36:09):
bad timing and something goes bad while you're flipping this property.
You just lost all your profits.
Speaker 4 (36:18):
Yeah, you got to think a little bigger two mistakes.
Speaker 2 (36:21):
Now you're losing money. So I think you have to
be real about what you need to you know what
needs to be, what you need to make on it,
and what makes it really a good move. Otherwise do
something else with your money.
Speaker 4 (36:34):
Agreed. Okay, well let's talk about We've got two more questions,
so we'll catch those on the break.
Speaker 2 (36:42):
Let's catch you when we come back. Plus, we got
a lot of properties talk about too, we do. We
are just scratching the service.
Speaker 8 (36:48):
Say you live out of state, but you need to
sell a home in Florida, and you want the same
customer service you'd get if you were a local. That's easy.
Matthew Patterson and the Patterson Group at Keller Williams Peace
River Partners take Nancy and Justin living in a different state,
needing to sell their home in Fort Myers. Since there
we're miles away, they really wanted to work with a
team of experts that they felt like they could trust,
(37:09):
and they wanted to get their home sold for the
most money possible, of course, so they reached out to
the Patterson Group for help. In the end, Mike said,
the entire team from the Patterson Group made selling their home,
even long distance and absolute breeze. When it comes to
selling your home or buying a home in Southwest Florida,
you want to work with the best, and that's why
you need my friend Matthew Patterson. I'm Todd Matthews recommending
(37:31):
you google the Patterson Group at Keller Williams Realty or
look up Matthew Patterson dot com and then start packing
because you will be moving your home.
Speaker 3 (37:40):
Sale is done when you call Matthew Patterson go to
Matthew Patterson dot com.
Speaker 5 (37:47):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They under stand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink Land and Title,
(38:08):
you aren't just a customer your family. Call today at
nine four one five zero zero five five zero nine
or online at Oakandinctitle dot com.
Speaker 1 (38:17):
The local organization CARE, the Center for Abuse and Rape Emergencies,
needs your help. Care provides twenty four hour hotline services,
twenty four hour rape crisis, hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counseling. Donate or volunteer today call nine four one
(38:40):
sixty nine five four nine nine or donate items at
their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 10 (38:48):
Our veterans risked it all to protect our freedom. One
of the best ways to say thank you is to
volunteer to support them at a time in history where
kindness is a virtue. Volunteering and a therapy bag event,
Teaching a craft class or simply helping veterans at a
hospital means a lot. For over forty seven years, Help
(39:08):
Heal Veterans are not for profit organization, with the support
of citizens like you, has created manufactured and distributed therapeutic
art and crafts projects for our veterans and military at
no charge to them. As a National Veteran service organization,
Help Heal Veterans supports VA hospitals, patients at home, and
(39:29):
our active military. Together, Help Heal Veterans and volunteers like
You have delivered over thirty two million therapy kits to
injured and recovering veterans. To volunteer or learn more, visit
heel vets dot org. That's heel vets dot org.
Speaker 3 (39:48):
Your home sales down when you call Matthew Parson through
Matthew Patterson dot com.
Speaker 1 (40:11):
Yes, and the Patterson Group can help you to get
to home suite home. All you have to do is
log onto Matthew Patterson dot com. Once again, that's Matthew
Patterson dot com. It is just a plethora of information,
really wonderful website for anything that you're looking for. And
if you have a question you can contact the Patterson
(40:32):
Group directly. There are several links there on the website.
Let's get back to the show with matt and Shannon.
Speaker 4 (40:39):
Okay, so before we get into properties, I've got two
more questions. What is the one thing that you wish
somebody would have told you before you invested in your
first property?
Speaker 2 (40:51):
A beggar is not always better?
Speaker 4 (40:53):
Oh say it isn't?
Speaker 2 (40:55):
So it is, you know, it's it's really I know.
Naturally people think, well, let's go back to the recession time, right,
and all of a sudden you drive down streets that
have ten ten homes going at the same person owned
and they leveraged and then they walked away from them all.
(41:17):
Doing one at a time and doing something very manageable
is still very rewarding. You can have a you can
you can make very good money on it and you're
not exposed as much.
Speaker 4 (41:27):
So basically, go for the small gains instead of you know,
or like in like the baseball analogy, double heads.
Speaker 2 (41:36):
Are great going for that grand slam, many times start
back out.
Speaker 4 (41:40):
That's exactly okay. And one more question, what is a
myth about real estate investing that needs to be taken
out of your vocabulary or your mentality?
Speaker 2 (41:53):
I think that, you know, really the biggest myth is
that you you have to have all this stuff together
and you have to have you know, a lot of
money and to be able to invest in real estate.
That not just anybody can do it. And I disagree, Okay,
I think anybody can with the right guidance, and then
you'll be guiding yourself before long. It's it's really it's
(42:18):
it's open to anyone. Yeah, And I mean to go
with that. Do you you know when we talk about investing,
do you own or and I don't mean paid for,
but are you living in as Todd Matthews would say,
your own bank, do you have your own property? If not,
let's start there and then start adding to that.
Speaker 4 (42:38):
Yeah.
Speaker 2 (42:39):
So I strongly believe that anyone can invest in real estate.
Speaker 4 (42:43):
Well cool, Well, and if anybody's out there and you've
got some more questions, or maybe this conversation has got
you thinking, you're like, you know what, I think, maybe
it's time we look into it. Feel free to reach
out via the phone number nine six hundred or our
website Matthew Patterson dot com. So now we're going to
talk about the properties.
Speaker 2 (43:05):
Yeah, well, talking about properties and coming out of investing,
I can tell you we have just come to market
and we put these into three packages. We have seventy
six properties okay, bacond Land.
Speaker 4 (43:20):
Okay, bacant Land.
Speaker 2 (43:21):
So perfect for the investors that wants to and you know,
buy multiple pieces of dirt together to build on. We
broke them into three different packages as far as and
we did that by geographic location okay.
Speaker 4 (43:37):
Okay, So they're not all on the same road right
next to each other, they're not scattered, but yeah, which
is nice.
Speaker 2 (43:43):
They're all in Charlotte County and so we've got some
in Rotunda, some in north Port Charlotte, and then others
in by Northport and Port. Okay, so one one of
these packages is five hundred and forty thousand, the second
is five hundred thousand in the third is four to sixty.
(44:06):
And I can tell you right now you also can
offer on all three and buy it as one package.
You know, in the investing world, doing this, you're gonna
have more negotiation room, absolutely definitely. So if you know,
if you're a builder or you're looking to invest in
this area, this is definitely a great way to start.
(44:26):
And then of course we have a lot of single
lots two or three loss to get you know, that
we can help you with as well.
Speaker 4 (44:34):
Okay, well that's cool. So what if I'm what if
I'm looking for a business, do we have a property
that might fit a business?
Speaker 2 (44:42):
We do. So, yeah, we just were just now coming
to market with one on Veterans. Let me let's see
that's my open houses here. Let me give you the
right address.
Speaker 4 (44:54):
I think it's nineteen eight hundred nineteen.
Speaker 2 (44:57):
There we go, you know, B five. This is Port
Charlotte right on Veterans. Great location, close to I mean,
quick to get to the Interstate close if you're running
a business out of there and anywhere. Poor Charlotte Ponta Gorda, Northport,
this is a commercial space eleven and fifty square feet.
(45:17):
Now a lot of the you have a you know,
the large bay that you can pull your trucks in,
or you know some guys pullm in stock up just
all depending on what type of business you're in. Right now,
there is a a auto repair business running out of there,
so they chose to take the office space out of
the front and make this all one big shop or
(45:40):
garage if you will, gotcha, you could always put that
office back and still have the bay, still have the
storage or you know, so many people we've seen all
of these RV garages and storage places. Why not buy
your own storage place right right? So you know right
now it's yeah, right now, it's perfect for that because
(46:00):
it's all open, it's got the POxy floor, it's got
a lift in it. It is it is phenomenal and
it has been introduced to the market two hundred and
twenty five.
Speaker 4 (46:10):
Okay, so I could put my RV let's go back. Yeah,
hold on.
Speaker 2 (46:14):
So the one difference between this, I don't want to
mislead anybody. And some that are built for those RV
those RV garages are built for a lot of the
class as so they have the fourteen foot doors. This
has a smaller door. So if you have a large
boat with and with a tower that does not flip down, right, Okay,
this may not be the one for you, gotcha, But
(46:36):
any standard boat or reasonable t top would fit in there.
Speaker 4 (46:41):
Or someone like Todd that has like a million cars.
Speaker 2 (46:44):
There you go.
Speaker 4 (46:45):
You could put men.
Speaker 2 (46:46):
It's got a lift in it that he could actually
tinker around too.
Speaker 4 (46:48):
You could play with your car. I love it, Matthews.
You better be listening.
Speaker 2 (46:52):
Yeah, so fantastic, fantastic buye and again we you know,
just like talking about investing in property and now you're
not paid rent to rent place Star storage in absolutely. Okay,
now we're gonna go to let's see what else we got.
Mendoza price improvement. Yeah, we just did an improvement on
that three twelve Mendoza Street. It is now three hundred
(47:14):
and ninety five thousand. It is a four bedroom, two
bath a little over two thousand square feet at twenty
one hundred two car garage and a cul de sac
walk in closets, huge pool and deck. I am, of
course in love with this home.
Speaker 4 (47:30):
Yeah.
Speaker 2 (47:30):
J Dornberry built it. Yeah, three Zho three West Gray Street,
So you're right downtown Ponta Gorda. You can walk to everything,
ride bikes, enjoy the farmers market. We have just done
an improvement on it to eight seventy five. It is
three bedroom, two bath, twenty two hundred square feet. Historic area,
(47:50):
gas appliance is wine fridge that's in the big island.
When you walk in, it's got the large cathedral ceiling
that goes up some.
Speaker 4 (47:58):
It's like the old old floor bungalow style homes now,
but it's all brand new. Yeah really, and it's dark,
really pretty dark blue color. I love it, George really nice.
Speaker 2 (48:09):
Yeah. So that's at three or three West Gray Street.
We are going to do a broker open house there
on May twenty eighth, so any brokers, definitely, we'd love
to see you there as well. Now we're going to
go out to Rotunda one to eighty eight broad Moor Lane.
This is in Rotunda West four hundred and twenty thousand.
This just did it an improvement of thirty thousand dollars.
(48:31):
It is a three bedroom, two bat nineteen hundred square
foot under air, oversized pool, paver, patio, vaulted ceilings, Absolutely
gorgeous home and it's been getting quite a bit of attention.
Speaker 4 (48:43):
Yeah, it has.
Speaker 2 (48:45):
Also I want to talk why don't you talk about
open houses.
Speaker 4 (48:49):
Well, we've got I mean for a Memorial Day weekend
if you want to get out and about and maybe
start seeing what's out there. We've got some really great properties.
We've got one on three one eight seven el Cam
Boulevard that's going to be hosted by Rob from our
office on Saturday. That's the twenty fourth, So if you're
not at the Sandbar, come see Rob. From eleven to one.
(49:10):
This is a really great priced home. It's a two bedroom,
two bath, fourteen hundred square foot grot a pool so just.
Speaker 2 (49:18):
Put on the last few yearsand.
Speaker 4 (49:20):
New pool, fenced backyard and it's for two seventy nine.
That's an awesome well.
Speaker 2 (49:26):
And with Rob setting it so he's got a horseshoe
in everything he said sells. So I have a feeling
that one will.
Speaker 4 (49:34):
Be Yeah, I agree, Well, we got less Less is another.
You know, he's a magician too, so he's going to
be at fifty three thirty three Simrack Street, same time,
eleven to one on Saturday. This is a really another
beautiful home and a really pretty neighborhood that's got playgrounds
and parks, lots of mature oak trees covering the property.
(49:55):
This one's a three to two. Oh yeah, that kitchen
is really well out yard, the great backyard, and that
one's up for two seventy five. So come check less
out and say hi to him on Simrack Street.
Speaker 2 (50:07):
Okay, next one zero one zero one burn Store Road, Uh,
unit one thirty four, Mike is going to be sitting
there on May twenty fourth, eleven to one. This is
listed at two hundred and fifteen thousand. I did say
that correctly, two hundred and fifteen thousand. Two bedroom, too bad,
fourteen hundred square feet, so the same square footage as
(50:29):
the other two houses. A very large, very large property,
corner lot, gorgeous backyard, patio, one hundred and seven feet
of water frontage, private dock. So come bye and see him.
Eleven to one. Now, this next house, sixteen twelve Blue
Lake Circle, kind of near and dear to me. I
think it might have been the I don't know, second third,
fourth house. I sold in my career, just fantastic couple
(50:54):
and so I am selling it for the family. It
is at at sixteen twelve Blue A Circle. This is
a deep creek.
Speaker 4 (51:00):
Oh nice, Okay, Nicole's going to.
Speaker 2 (51:02):
Be setting this house as well. On the twenty fourth,
eleven to one, it's fifteen hundred square feet, three bedroom,
two bath with a pool. We were talking about investors,
Well here you go, two hundred and eighty five thousand.
This is a great home and on a fantastic street
in a good neighborhood. You know, definitely the reason why
(51:26):
it's price way it is. It's ready to be updated
as far as you know, maybe some some different cabinets,
different countertops, but you are going to be walking in
to a great home to make a long term investment.
Three seven one seven Rogers Street. Come out and see
Nick's hortel as well. On the twenty fourth, eleven to one,
it's four hundred and fifteen thousand, three bedroom, two bath,
(51:49):
almost nineteen hundred square feet. You've got the metal roof,
no hoa fee screen, Lanni.
Speaker 4 (51:56):
It's in Fort Myers and it's on McGregor off of McGregor,
which I love McGregor and Fort Myers and it's really
close to the Fort Myers Country Club, So if you're
a golfer or you play tennis, this is a really
great location. So definitely if you're in the Fort Myers area,
this would be the best place to go.
Speaker 2 (52:14):
All right, that's a wrap. We're down to that under
ten seconds, so we will see you next week.
Speaker 4 (52:19):
Have a safe and happy Memorial Day, and don't forget
your sunscreen.
Good morning, and welcome to your Wednesday. Today is May
twenty first, twenty twenty five, and your tune to real
estate exposed right here on news radio WCCF. Real Estate
exposed a fast paced look at the local market here
in Charlotte County and surrounding counties as well. So if
(00:28):
you're buying or selling, chances are you might have a question.
You may hear something on the show today that says,
you know, I'm wondering if or I'm wondering, how you
can log onto Matthew Patterson dot com. Matthew Patterson dot com.
They've got some very wonderful, friendly, talented people to help you.
So Matthew Patterson dot com. Let's jump into the show
(00:51):
right now. Ladies and gentlemen, here's Matthew Patterson.
Speaker 2 (00:55):
Good morning. How are we doing?
Speaker 3 (00:57):
Great?
Speaker 4 (00:58):
Good Shannon, I'm alive and kicking.
Speaker 2 (01:02):
That's bad for what hump day?
Speaker 4 (01:05):
Right day it is. We're in the middle on the
home stretch and we get to look forward to a
three day weekend we do.
Speaker 2 (01:13):
Yes see, I always find out this stuff later because
I forget that it's all.
Speaker 4 (01:17):
Right, you only look at your calendar one day.
Speaker 5 (01:21):
It is.
Speaker 4 (01:21):
It is very very busy. He looks at his calendar
per day, not throughout the week. So yeah, yeah, uh
so what's new?
Speaker 2 (01:29):
What do you what are you feeling? What's going on
in your world?
Speaker 4 (01:32):
Well, in Charlotte County world, if you're heading north over
the bridge, you're gonna be busy. You're gonna be stuck
in traffic in front of sunseekers because there's a gigantic
semi truck that's getting put on a on a tow truck. Oh,
there's some not happy people out there on the roads.
But we were not going that way. So we were
coming into into Port Charlotte O TB. Nothing much happening
(01:53):
in our area. You can really tell season is uh
upon us. Matt and I were run in someplace yesterday
and we went across you know, four lanes of forty
one and we get up there and usually you got
to wait, you know, twenty thirty cars and we're like,
there wasn't.
Speaker 2 (02:09):
Ay we were there to Henry and forty one. Yeah,
and I'd say, you know, yesterday was the same, what
it big different?
Speaker 4 (02:16):
It was like just an immediate from one day to
the next day. Are gone. But for us locals, great
thing happening out at Boca Grand at the Sandbar on
Saturday the twenty fourth on Dog Island. But we all
know it's a sandbar right there by the bridges in Boca.
It's a Boca Grand sandbar. H two o music fest,
(02:38):
live music, food bands, all kinds of fun shenanigans happening.
So bring your boat, your yacht, your kayak, your paddle board,
your jet ski, whatever you got, load up the kids,
the dogs, and it's going to be money a sunscreen. Heck, yeah,
that's the one place you will not find me. No,
(02:59):
I have no desire to be out there at Saturday
from ten to three.
Speaker 3 (03:05):
Yeah.
Speaker 4 (03:05):
No, I mean, obviously, for various obvious reasons. I don't
have a boat. But if somebody wants to offer, you know,
I'm willing to accept. But I like going out to
the sandbar early early in the morning, about eight eight thirty,
you know, where there's nobody out there and just enjoy
the water and watch the dolphins. But yeah, a sandbar
music fest. I'm sure it's a blast for those people
(03:28):
out there, and I hope everybody is safe. But you know,
it is one of the one lovely things about our area.
Speaker 2 (03:34):
What else we got going.
Speaker 4 (03:36):
Not much else. Knda Gorda always has their great farmers market.
I did hear a rave review about the well and
Park farmers market that's held on Sundays from one of
our agents. He's like, oh, I could have spent hours
and hours and hours over at the Well and I
know I'm going to go check it out. So yeah,
well in Parka here has a killer farmers market on
(03:57):
Sunday mornings. That's really all I got. No real big
news happening here other than Zane said that, you know,
a favorite of our growing up childhood TV shows, Norm
from Cheers, has passed Norm.
Speaker 6 (04:12):
I know.
Speaker 4 (04:13):
Everybody walking I know, so yeah, you know, I guess
it's just another reminder that we don't get to be
here forever.
Speaker 1 (04:22):
That's right, And this is I have an event too,
if you guys will let me imagine this one too.
I think we mentioned this last week. But because Memorial
Day is Monday, that's going to be the last day
for Harpoon Harris having that huge send off and a
huge party and.
Speaker 4 (04:37):
All that good good. They deserve to go out with
a splash because they've commune. You know, they've been a
community landmark for thirty three years.
Speaker 1 (04:44):
I've loved them since they opened. The food and the
atmosphere and the people.
Speaker 4 (04:49):
Yeah, so hopefully we get to see some of the
the employees there at our other local restaurants here in town,
so I would imagine, yeah, exactly. So yep, Okay, let's
talk some real estate numbers, okay, which we got.
Speaker 2 (05:02):
All right, so you know, again we talk about watching
the market weekly daily. So three weeks ago we had
seen the new listings and the new contracts in Charlotte
County be you know, come up real close to one another.
Then we saw that separate a little bit. Well, this
past seven days, one hundred and sixty six new listings,
one hundred and sixty, one hundred contract so we're within
(05:25):
five as close as we've been there, so very good.
One hundred and forty four closings that is, that is
up significantly, So super excited about that. Excuse me, now
we're gonna go to kick Coral Fort Myers three hundred
and eighty two new listings.
Speaker 4 (05:40):
Wow, so uh.
Speaker 2 (05:41):
Wait for contracts three twenty three closings two thirty eight.
So real estate is moving that and.
Speaker 4 (05:50):
I noticed this week we don't have a lot of
new listings going on, which is interesting because I feel
like we were getting you know, five seven ten listings
a week, and I think the buyers are now engaging,
and I don't know what that means. Maybe it's just
a slow week, but.
Speaker 2 (06:09):
I think it's a combination. You know, honestly, we've seen
this year over year over year. This is pre storms. Yeah,
you could see the trends, you know, definitely January February Mark,
we'd see a lot of listings at the market, and
then you'd see a lot of contracts, you know, several
through January Fairy mark, and then April, May and June
(06:31):
a lot of contracts, but less listings come on, yes,
and then you know the storm's kind of through, you know,
people getting work done and just the general market the
consumer confidence kind of mess things up to where you
couldn't track it exactly. I think this is an indicator
(06:51):
of kind of the past times as far as new listings.
And that's why if you know, as far as listing
your home, now's the time to get it on right.
Speaker 4 (07:00):
You're going to be the new shiny toy on.
Speaker 2 (07:02):
You got it on the market, and we know that's
not you know, that shiny toy doesn't last thirty sixty
days anymore. It's it's seven, ten, fourteen days max. Where
you were going to get the most attention. So to
be a new home listing, not brand new home, but
to be a new listing to the market is huge
right now.
Speaker 6 (07:22):
Cool?
Speaker 4 (07:22):
Yeah, I think they've got a lot of great opportunities.
Speaker 2 (07:25):
So yeah, so let's talk about our months of inventory.
So Punta gord Isles and Burnt Store Isles, we'll talk
about our five hundred to seven fifty, one hundred and
fifty five new listings or listings on the market. Last month,
twenty one sold on average ninety five percent list price.
(07:47):
We've seen it average days on market. Youre coming down
to sixty seven your months of inventory fourteen, So yeah,
you know, again it goes back to that that buyer
engagement of twenty one another, you know, you double that
and all of a sudden you're to balance market. So
I feel like we still got a lot of buyers waiting,
(08:07):
which I'm going to talk more about later, which we
are coming up on the break here. We're going to
talk today. I've got some I want to talk investment obviously,
what I'm feeling, what I'm seeing the calls I'm getting.
We're going to talk about inventory as far as why
I think if you're a buyer you need to be
(08:27):
jumping in. Yeah, and we're going to talk about the
current listings on the market. And that's coming on awesome,
So stick around. We'll see you on the other side.
Speaker 7 (08:35):
Even for people who live out of state and need
to sell their home, Matthew Patterson provides the same level
the exceptional customer service. Nancy and Justin were living in
a different state, needed to sell their home in Ford Myers.
Since they were miles away, they wanted to work with
the team of real estate experts they would well that
they could trust to get their home sold for the
most money possible with the least amount of stress. So
(08:55):
they reached out to the Pattison Group for help. They
said that Mike and the entire team for the past
Madison Group mate selling their home a breeze. This's the
Chuck Brittain for the Pattison Group. When it comes to
selling your home or buying a home in the Southwest
Florida area, you want to work with the best, and
that's why you need to call my friend Matthew Patterson
of the Patterson Group at Keller Williams Peace River Partners,
Google the Patison Group at Keller Williams Realty, or just
(09:18):
look up Matthew Patterson dot com. That's Matthew Patterson dot com.
Then start packing because you will be moving your home.
Speaker 3 (09:25):
Sales down when you call Matthew Patterson. Go to Matthew
Patterson dot com.
Speaker 5 (09:32):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They understand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink Land and Title,
(09:53):
you aren't just a customer your family. Call today at
nine four one five zero zero five five zero nine
or online at Oak and Ink Title dot com.
Speaker 1 (10:03):
The local organization CARE, the Center for Abuse and Rape
Emergencies Needs Your Help. CARE provides twenty four hour hotline services,
twenty four hour rape crisis hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counseling, donate or volunteer today Call nine four one
(10:25):
six nine five four nine nine or donate items at
their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 6 (10:34):
Hi. This is Celine Dion asking you to help put
an end to premature birth. I share the concerns and
fears of every parent, knowing that more than one million
babies around the world die every year simply because they
didn't get enough time to grow. Let's work together for stronger,
healthier babies. Visit Facebook dot com slash world Premature today
(10:58):
to find out how you can make a difference.
Speaker 4 (11:02):
Thank you for caring.
Speaker 3 (11:04):
Your home sale is down when you call Matthew Patterson,
go to Matthew Patterson dot got property.
Speaker 2 (11:21):
All right, we're back.
Speaker 1 (11:22):
It's our next segment of real estate exposed right here
on news radio WCCF once again. Don't forget really nice
website too, by the way, it's Matthew Patterson dot com.
Matthew patterson dot com the place to go for all
things real estate. And you learn a lot just right
there and talk about some of the beautiful pictures of
(11:45):
the houses, and you can spend hours on there.
Speaker 4 (11:47):
Really it's a fun thing.
Speaker 6 (11:50):
To do.
Speaker 4 (11:50):
Especially, you know, we get like the bird'seye view of
the new newest listings, and we get to see their
photos first, and you know, we all kind of like,
oh man, that's a great house, and yeah it is,
it is really And then you know, obviously we build
our website so all of our clients can come and
get the same experience and then get excited about you know,
this is what we'll market your house for. Or I
(12:12):
might be interested in buying this house, so that's.
Speaker 2 (12:15):
Right, all right, So we'd love to hear any of
the questions that you may have as far as listening
uh weekly or even if this first time you've tuned in.
We want to know what questions you have that could
help that we can help talk about and feature in
our coming soon shows. Uh follow us on Facebook, on
(12:36):
Instagram at the Patterson group, or shoot us a direct
message and of any questions and we'll unpack it on
the future shows of Real Estate Exposed.
Speaker 4 (12:45):
I think that'd be fun, you know, because obviously you
and I or your guests, you know, we chit chat
about things that we've you know, thought about that comes
to our mind. But obviously we're here to serve our community,
and we would love to be able to of them
the content that interests them or that is pertinent to
where they are in their situation.
Speaker 2 (13:05):
Yeah, I feel like that. You know, obviously when we
talk about the show, we're always trying to you know,
what are we experiencing right now, what's going on right now?
You know with you know, for you know, renters, buyers, sellers, Uh,
you know what questions they have, whether than all the
insurance stuff.
Speaker 4 (13:23):
Which you know, which we mentioned last week.
Speaker 2 (13:26):
Yeah, that was my rant last week, which I just
want to be clear. I still stand firmly where I
was last week about insurance, and uh, very good.
Speaker 4 (13:43):
Point, just just saying, yes, ranting is fine. We all
you know what, well, it's just wrong. You rant on
the radio. I rant in the car.
Speaker 2 (13:52):
Okay. So I'm in appointments obviously multiple times a week,
and the stories I hear and of you know, we're
just all hard working people. So many of them have retired,
they're on a fixed income, and it's the last thing
they should have to battle when they've paid their premium
over and over and over. You shouldn't have to go
fight for your money, agreed to get to be made
(14:14):
whole it's just wrong.
Speaker 8 (14:16):
Yep.
Speaker 4 (14:17):
I'm right there with you. You're preaching to the choir.
Speaker 2 (14:19):
Okay, so I'll stop that, okay for no, But you
know that's what we're after. We're after what what's our
listener's experience and what do they need help with. I
know everyone is busy, so this might be you know,
you know, ten minutes, thirty minutes, maybe the whole hour
that you get to listen to the radio through right
(14:39):
today that you know, if we can answer some of
those questions you don't have to go and seek them,
then we're bringing value well.
Speaker 4 (14:47):
And plus, as as Zaye was so amazing and doing this,
We've uploaded all of our radio shows, so if you
ever missed a topic or you have to run out
for doctor's appointment or whatever, you can always go to
our website at the Patterson Group or real Estate Exposed
and we listen to some of our radio shows and
get some information if you miss something exactly.
Speaker 2 (15:10):
So you know, today, you know, I want to talk
a bit about investing in what I'm experiencing because obviously
you know, I had another call this morning with investors
that are looking to purchase and build here multiple homes.
But yet you know, and we touched on it before.
Why you know, a lot of the consumers are wondering
(15:32):
why or you know, why is there so many homes
still under construction, whether you know things seem slower, there's
so many existing homes already on the market. Well, some
of those the permits have already been pulled. There are
you know, that progress is that train has left the station.
So they're going to keep those going. They're going to
finish those. But also because this is a a really
(15:52):
a small amount of time in the big picture, right
you know, the market is not you know, is coming back.
It's going to come back very strong here. They see
that when you look at other parts of the country,
this is a hot area to invest in. So that's
why I'm saying, you know, on the buy side, if
(16:15):
I'm a buyer, I looked this morning in almost five
hundred reductions the last week. And you know these are
not just small reductions, not one percent or a thousand
dollars here there, I've seen several five to seven percent.
Speaker 4 (16:28):
Yeah. Well, and that's I mean, like we talked about
last week, and what we'll talk about here in a
little bit about some of our price improvements is you know,
you just like when you put your house on the market,
you have got to get the attention of the potential buyers. Well,
same thing when you make a price improvement, you have
got to re engage those buyers who might have missed
(16:48):
your property because of the price. Now you're in their
price range. And it kind of makes a statement that hey,
I really do want to sell my house. I really
want you to buy it because I really have to
go move on and go see the grandkids, or you know,
sell my house and live in a van and go
travel the world. Whatever your your dreams are. But you've
got to make an impact.
Speaker 2 (17:08):
So that's exactly right, And it all comes down to timing, right,
what is your goal?
Speaker 4 (17:12):
Yeah, yeah, And I think that's the same thing about investments.
You know, when a lot of people are maybe not
sure if they want to live her full time, you know,
buying an investment property, maybe renting it part of the
year for yourself and then on the other months that
you're not here, airbnb it or just kind of get
a feel of what's here. Or maybe you are looking
for extra cash flow, you know, extra sources of income,
(17:35):
and maybe you're at an age where you can't go
out and get another full time job. But maybe buying
an investment in a rental property or an investment property.
You buy it, do a little bit of work, flip it.
It's a nice way to make some money rather than
playing the stock market.
Speaker 2 (17:49):
Too well, and in my opinion, just my personal opinion,
a lot safe for the stock market. Oh yeah, I
know some have done fantastic in the stock market. But
real estate, you have something tangible.
Speaker 4 (18:03):
It's always it's always a good investment.
Speaker 2 (18:05):
It's always a good investment. You know what what what's
the fray? When was the best to invest yesterday?
Speaker 4 (18:12):
Yesterday? Yeah, it's best day today.
Speaker 2 (18:14):
Today, right? And the reality is, because it's all about timing. Yes,
maybe that home that you're going to invest in the
day is two hundred and seventy five thousand that you know,
if you look back, was one seventy five. That you've
got to get past that one hundred thousand dollars different
than go that two seventy five is going to be
three fifty, right and going to be four hundred and
(18:36):
not to mention that residual income that you're going to
get off of that property.
Speaker 4 (18:39):
Well, and it's something it's it's kind of like that
legacy too. If if you buy you know, several properties,
or even just one nice property, and you hold on
to it, it could be something you give your children
for their future. So lots of opportunities.
Speaker 2 (18:53):
She's responsible.
Speaker 4 (18:55):
Oh, yours will be very responsible. I have no doubt.
Speaker 2 (18:59):
All right. So one of the questions that I got
that I've been asked is what are green flags for
invest investment properties? What are red flags?
Speaker 3 (19:07):
Hmmmm?
Speaker 4 (19:08):
Kind of like dating.
Speaker 2 (19:10):
That's right, Well, I'll tell you the green flags. Obviously,
the most money that you make or you make your
money on the buy. Okay, you know we've all heard
that over and over from multiple investment gurus, and what
that means is that you've got to buy it right.
Do not you know, you've got to lead with revenue.
Do not purchase and overpay for the property, you know, general.
(19:35):
You know, I was taught by my mom at a
very young age. If it's you know, on on investment
property that she was going to rent, if it, you know,
it's kind of that one percent rule. If it's four
hundred thousand, you need to you need to get four
thousand dollars a month run out of it.
Speaker 4 (19:51):
Well, okay, that's a great that's a great analogy, great
way to think of exactly.
Speaker 2 (19:55):
So that's your quick math. Then you have to take
into considerations what is your carrying cost. I'm looking at
your big ticket items, your your roofs, your A c's
definitely here in Florida, insurance insurance is a huge one.
But on top of that is also if you know
the h o as, is it in an h o
(20:15):
A and what does that HOA include? You know, I'm
not completely against h o A depending upon upon what
value I get out of it, but that is going
to eat directly into your profit. Yeah.
Speaker 4 (20:28):
Well, and it also eats into your income opportunity because
h o as sometimes don't even allow airbnbs or rentals,
so you have.
Speaker 2 (20:36):
To oh, yeah, that'very. So it's going to limit how
much leney.
Speaker 4 (20:39):
That you can do with that property.
Speaker 2 (20:41):
Well, it's all about the net. So you want to
make sure that you're purchasing that property for the right
amount going into it, so you're leading with revenue there.
And then you know, also if you really want to,
you know, to be careful, you want to look at
what is your your your next year cost three years,
five years, so you know when those big ticket ticket
(21:02):
items are coming and be able to plan for them. Yeah,
all right, I've got a lot more questions we're going
to get into. We're going to roll into the next
break stick around. We'll see you on the other side.
Speaker 8 (21:11):
Customer service matters and really makes a difference in choosing
a realtor. I'm Todd Matthews and listen to this review.
Shawna was getting ready to move to the area and
needed to find a place to live as soon as possible,
so she reached out to the experts at the Patterson Group.
Nicole from the Patterson Group went right to work and
was able to quickly find a home for Shauna and
(21:32):
north Fort Myers. Shawna says that Nicole and the Patterson
Group provided awesome customer service there it is throughout her
home buying process, and said that she wouldn't have been
able to move across the state without the help of
the Patterson Group. When it comes to selling your home
or buying a home in Southwest Florida, you'll want to
work with the best, and that's why you need my
friend Matthew Patterson, the Patterson Group at Kevin Williams Peas
(21:53):
River Partners. Reach out today at Matthew Patterson dot com.
That's Matthew Patterson dot com and start packing because you
will be moving.
Speaker 3 (22:02):
Your whole sale is done when you call Matthew Patterson
the Matthewpatterson dot com.
Speaker 5 (22:11):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They understand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink, Land and Title,
(22:31):
you aren't just a customer, your family. Call today at
nine four one five zero zero five five zero nine
or online at Oakandinc Title dot com.
Speaker 1 (22:41):
The local organization CARE, the Center for Abuse and Rape Emergencies,
needs your help. CARE provides twenty four hour hotline services,
twenty four hour rape crisis, hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counts. Donate or a volunteer today Call nine four
(23:03):
one six nine five four nine nine or donate items
at their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 9 (23:12):
You can't buy a best friend. You can love them,
walk them, pet them, and care for them whether they
want you to or not. You can take a picture
or fifty. You can fly to the moon, travel the world,
or just stay in bed. You can't buy a best
friend like that, but you can't adopt one. There are
(23:36):
millions of pets waiting for a best friend, just like you.
Help us save them all at best friends dot org.
Speaker 3 (23:42):
Your home sale is done when you call Matthew Parson.
Speaker 4 (23:46):
Go to Matthew Patterson dot com.
Speaker 1 (24:07):
All right, we are back with real Estate Exposed here
on news Radio WCCF, and we're getting ready to get
into our next segment. Before we go there, let me
remind you one more time to go log on to
Matthew Patterson dot com. You'll be really glad you did.
Matthewpatterson dot com for all things real estate. Here's Matthew Patterson.
Speaker 2 (24:29):
Okay, welcome back. We're talking investment properties and I've got
some questions that have been asked so that we're gonna
dig a little deeper into. So the first one is
what are the green flags for investing in properties. Now
we're gonna talk about the red flags. Okay, one red
red flag for me or no go. You know, could
be the neighborhood. As far as when I say neighborhood,
(24:51):
I mean the surrounding homes around that property I'm gonna
invest in because I can change that the home that
I purchased, but I can't change those. So you know,
if you know, depending upon you know, if I've got
homes that are not being kept well kept, or yards
(25:12):
or a lot of you know, additional vehicles, which means
a lot of people in and out of there, that's
going to deter some of the renters that that you're
going to have. So just you know, just the same
as selling a home, the more people you have interested
in the same home at one time, the more money
you're going to give for that home. The same thing
on rent, you know, can you find a renter, Sure
you can, but then you may have to decrease the
(25:33):
rental price, and which is now affecting your you know,
what you're making on the profit.
Speaker 4 (25:39):
I would also say as far as neighborhood, it's also amenities.
Speaker 2 (25:43):
What's close by exactly, shopping well and and you know,
what lifestyle.
Speaker 4 (25:50):
You're going to be, access to the interstate.
Speaker 2 (25:52):
How close yard to the kids school?
Speaker 4 (25:53):
True schools, that's.
Speaker 2 (25:54):
Right, So that's definitely a big one. And then I
would be looking at I you know, there's major deductions
for different types of roofs and construction, be it a
block home versus a frame home, hip roof versus gable,
(26:18):
what type of material is on the roof. Those things
are very important to me, and I am very important
to a lot of buyers at you know, post storms
that I think you need to really consider for the
you know, if you're going to keep this as a
long term rental.
Speaker 4 (26:36):
So I guess, I guess if you like are in
a certain neighborhood in the homes are very affordable, you know,
let's just say, and maybe the low two hundreds, but
they've got the old you know, the old flooring and
the old windows and the small ceilings. Those probably aren't
as attractive to renters or at least making a better profit.
(26:56):
I guess, I don't know how to say it.
Speaker 2 (26:57):
The right carrying costs.
Speaker 4 (26:58):
Yeah, it's because it's because you've those old you know,
just say you've got like a nineteen seventy something home
and you've got those slat windows. You know, those are
expensive to replace. They're not secure as far as safety
goes and protecting your property. I'm sure they're not energy
efficient at all. So yeah, I think definitely the quality
of the home and the year built and some of
(27:18):
those things.
Speaker 2 (27:19):
And this is going to change when you're investing, as
you get further into investing and you have more resources
and more funds to take on those projects that you
can change. You can get some great deals. But if
I'm newer to investing, those may be, you know, not
the ones that I want because of the capital.
Speaker 4 (27:41):
Okay, so that's a great lust capital. If I'm new
to investing and I'm looking to buy my first investment property,
probably a fixer upper would not be the right way
to go, even though it may be quote unquote affordable
for the purchase price. But then you've got the remodel
price included. So maybe something more in the middle that
is somewhat updated, a newer roof, you know, I agree.
Speaker 2 (28:07):
Even a little date, It's okay if we're solid you
know the type of roof, you know, you know, hip roof,
you know, especially if you have some type of storm protection.
That's where I would go if I was if I
was newer to the investing. Did I have a lot
of capital to do those improvements and it's going to
(28:30):
save you on the insurance.
Speaker 4 (28:31):
Just just to quickly back up, just for just for
those novices here maybe listening. What's the difference between a
hip and a gable roof? How can I if I'm
driving by a house, how can I tell the difference?
Speaker 2 (28:42):
Okay, gable roof is gonna just imagine kind of like
your older barnes where you know it's got the peak
in the middle and goes down each side, just a
tip roof, if you will, So that that's going to
be your hip or your gable roof. Your hip roofs
are going to come down in all four sections. Okay,
so your ends are down as well. So what happened
(29:06):
is is after Hurricane I believe Charlie, they found that
there was more damage to the gable roofs because the
wind would come in the end and then once it
gets under there, it then would compromise the roof. So
they started, you know, the insurance pricing changed to where
your hip ros get one of your biggest deductions that
(29:27):
you can get even more so than hurricane protection on
windows and doors. So and to get that qualification, I
do not believe it's changed, but it's it's been ninety
It has to be ninety percent hip. So you can
have a couple of gables on the roof, you know,
the decorative.
Speaker 4 (29:45):
One, maybe over the frog or something like that.
Speaker 2 (29:48):
But if you're ninety percent or more hip, you're gonna
get a very good deduction.
Speaker 4 (29:51):
Okay, I just there maybe some people out there who
didn't know the difference.
Speaker 2 (29:56):
And I'm not saying I wouldn't buy one with a game.
I just wouldn't know that it's going to cost me
more on insurance, so I'm gonna need Again. It's all
about you make your money up front. It's going to
determine what kind of offer and what kind of price
I ultimately pay for that home. True, all right, So
second question should new investors focus? This goes right with
the first one. Is I'm ready to focus on cash
(30:18):
flow or appreciation that long term gain.
Speaker 4 (30:22):
What do you think if you're a new investor, I
would focus on cash flow because then that gives me
an opportunity to kind of buy another rental property and
rinse and repeat would be my That would be my guest.
I don't know if that's the right answer or not.
Speaker 2 (30:39):
I believe that is the perfect answer. Kay, That's exactly
the way I've always looked at it and went for
it as a new investor. If and a lot of
them are going to want to multiply that this they
want to have multiple homes, okay, or multiple properties, you're
going to need that cash flow. And there's loans. Now,
this is what we you know Artlane, have talked about.
(31:00):
And again reach out to us Matthewpatterson dot com and
we will connect you with these lenders. They have loans
now that on investment properly, that they base off of
that property being able to carry itself. So if you
have the cash flow on the property, me it's covering
its expenses, you can get that loan on it and
move on to the next one.
Speaker 4 (31:21):
Well, that's just true too, because you don't let's just
say I want to buy a house for three hundred
and fifty thousand, I don't have to have three hundred
and fifty thousand dollars cash, No, I just have to
have enough for the down payment, exactly right. The closing
cost all of that stuff, and then be enough to
carry it while I do whatever repairs or improvements I
need to make, pay those monthly bills and then if
(31:45):
I'm going to flip it, for instance, list it and
move to the next. So I think a lot of
people also think, oh my god, I don't have a
half a million dollars sitting in the bank to invest.
You don't need that, you don't need.
Speaker 2 (31:55):
Thank for, But you did just bring up another thought
that I had.
Speaker 4 (31:58):
Uh oh, what'd I bring up?
Speaker 2 (31:59):
Well, it's the same thing with flipping homes, because you're
carrying costs. Yes, how you know a lot of people
don't take this into consideration when they're going to flip
a home. Is how long is it going to take
me to get it back on the market and get
it sold. You are paying the taxes, you were, you
were paying the insurance, you are paying utilities on this.
I'm going to tell you they can add up and
add up quickly. So same thing on the rental. If
(32:25):
you buy a home that is a fixer upper that
needs a lot of work, that's something that we didn't
dig into that all of that takes time to get
the home ready.
Speaker 4 (32:34):
To rent, right, Yeah, you gotta project.
Speaker 2 (32:36):
Okay, so you need to make sure that you have
adequate reserves, you know, to be able not just to
do the repairs, but to carry the costs of that
home until you start getting it rented and start getting
money back. Very very very important. And I can tell
you that has changed over the years, and it will
(32:56):
always change. What I mean by that is how fast
you can get the work done, how much materials cost.
For a long time, I could walk in and know, Okay,
I've got X mountain drywall, I've got X mountain this,
I've got it because I had done enough projects that
I knew what, you know, what it costs per square
(33:18):
foot and you know for this kind of countertops, how
much for you know, per room for cabinets to where
you know, I could calculate that and I would always
put a buffer on it, which by the way, always
put above for you do you do? And that was
pretty pretty easy to do. But then things change and
(33:41):
materials start shooting up, and hurricanes happen. Well guess what
happens after those hurricanes. Labors hard to get to. These
guys are slammed, These guys are busy. Now if you're
just you know, if you're flipping one home here, one
home there, or buying long term investment you know, which
we'll call hold. If you're buying to hold, then you know,
(34:04):
and it's all going to depend on your relationships. But
at the end of the day, if these contractors have
have uh you know, big projects, meaning multiple homes for somebody,
I mean, there's no way I can expect them.
Speaker 4 (34:19):
To be You're into. The day is long ways away, right, so.
Speaker 2 (34:24):
You need to make sure that you take all that
into consideration. So if you're going to buy your first one,
then again, this is why it's great to work with us,
that I can help you with some of those contacts.
I can help you with contractors that we like, no love, trust,
and are going to be fair. It's not always the
(34:45):
cheaper that is the better. You might save you know,
a few hundred or even a few thousand by one contractor,
but he doesn't do it a lot. And what if
he doesn't, you know, calculate everything exactly.
Speaker 4 (35:00):
Right, then you may end up paying that and then you.
Speaker 2 (35:01):
Have over it else or worse off, it takes him
two to three months longer than what he anticipated, and
you've got that carrying costs. So you know, these are
all very important things. I have had calls before it
and they say, okay, I want to invest in property.
I want I want to flip. Yeah, I say great, okay,
what's your you know, what kind of margin do you want?
(35:24):
And what I'm asking is what kind of profit margin
are you wanting to make? Because depending on the market,
depending on a lot of a lot of things that
we take in consideration. Again, reach out, we'll sit down,
I'll go through this with you. Is going to depend
on on whether I'm looking for that needle in the
haystack right or if it's it's definitely viable and yes,
(35:46):
you know, I think you know, this is a great
time and you can get a twenty five percent I have.
I have had some say, well, you know, I'm okay
if I at least made ten thousand. I disagree completely.
Ten thousand dollars. I'm going to tell you right now,
a septic system now that used to be three thousand
is now ten thousand. One mistake that may just be
(36:09):
bad timing and something goes bad while you're flipping this property.
You just lost all your profits.
Speaker 4 (36:18):
Yeah, you got to think a little bigger two mistakes.
Speaker 2 (36:21):
Now you're losing money. So I think you have to
be real about what you need to you know what
needs to be, what you need to make on it,
and what makes it really a good move. Otherwise do
something else with your money.
Speaker 4 (36:34):
Agreed. Okay, well let's talk about We've got two more questions,
so we'll catch those on the break.
Speaker 2 (36:42):
Let's catch you when we come back. Plus, we got
a lot of properties talk about too, we do. We
are just scratching the service.
Speaker 8 (36:48):
Say you live out of state, but you need to
sell a home in Florida, and you want the same
customer service you'd get if you were a local. That's easy.
Matthew Patterson and the Patterson Group at Keller Williams Peace
River Partners take Nancy and Justin living in a different state,
needing to sell their home in Fort Myers. Since there
we're miles away, they really wanted to work with a
team of experts that they felt like they could trust,
(37:09):
and they wanted to get their home sold for the
most money possible, of course, so they reached out to
the Patterson Group for help. In the end, Mike said,
the entire team from the Patterson Group made selling their home,
even long distance and absolute breeze. When it comes to
selling your home or buying a home in Southwest Florida,
you want to work with the best, and that's why
you need my friend Matthew Patterson. I'm Todd Matthews recommending
(37:31):
you google the Patterson Group at Keller Williams Realty or
look up Matthew Patterson dot com and then start packing
because you will be moving your home.
Speaker 3 (37:40):
Sale is done when you call Matthew Patterson go to
Matthew Patterson dot com.
Speaker 5 (37:47):
It's the little things that make a big difference. That's
the motto of Oak and Ink Land and Title Company.
Picture this a seamless, stress free closing where their expert
team will guide you through the closing process from start
to finish. They under stand that every home purchase is unique.
That's why their personalized service insures your needs are met
with precision and care. At Oak and Ink Land and Title,
(38:08):
you aren't just a customer your family. Call today at
nine four one five zero zero five five zero nine
or online at Oakandinctitle dot com.
Speaker 1 (38:17):
The local organization CARE, the Center for Abuse and Rape Emergencies,
needs your help. Care provides twenty four hour hotline services,
twenty four hour rape crisis, hospital response, and victim advocacy.
This organization has helped thousands of people providing shelter support
and counseling. Donate or volunteer today call nine four one
(38:40):
sixty nine five four nine nine or donate items at
their reuse store, Kenilworth Boulevard, Port Charlotte.
Speaker 10 (38:48):
Our veterans risked it all to protect our freedom. One
of the best ways to say thank you is to
volunteer to support them at a time in history where
kindness is a virtue. Volunteering and a therapy bag event,
Teaching a craft class or simply helping veterans at a
hospital means a lot. For over forty seven years, Help
(39:08):
Heal Veterans are not for profit organization, with the support
of citizens like you, has created manufactured and distributed therapeutic
art and crafts projects for our veterans and military at
no charge to them. As a National Veteran service organization,
Help Heal Veterans supports VA hospitals, patients at home, and
(39:29):
our active military. Together, Help Heal Veterans and volunteers like
You have delivered over thirty two million therapy kits to
injured and recovering veterans. To volunteer or learn more, visit
heel vets dot org. That's heel vets dot org.
Speaker 3 (39:48):
Your home sales down when you call Matthew Parson through
Matthew Patterson dot com.
Speaker 1 (40:11):
Yes, and the Patterson Group can help you to get
to home suite home. All you have to do is
log onto Matthew Patterson dot com. Once again, that's Matthew
Patterson dot com. It is just a plethora of information,
really wonderful website for anything that you're looking for. And
if you have a question you can contact the Patterson
(40:32):
Group directly. There are several links there on the website.
Let's get back to the show with matt and Shannon.
Speaker 4 (40:39):
Okay, so before we get into properties, I've got two
more questions. What is the one thing that you wish
somebody would have told you before you invested in your
first property?
Speaker 2 (40:51):
A beggar is not always better?
Speaker 4 (40:53):
Oh say it isn't?
Speaker 2 (40:55):
So it is, you know, it's it's really I know.
Naturally people think, well, let's go back to the recession time, right,
and all of a sudden you drive down streets that
have ten ten homes going at the same person owned
and they leveraged and then they walked away from them all.
(41:17):
Doing one at a time and doing something very manageable
is still very rewarding. You can have a you can
you can make very good money on it and you're
not exposed as much.
Speaker 4 (41:27):
So basically, go for the small gains instead of you know,
or like in like the baseball analogy, double heads.
Speaker 2 (41:36):
Are great going for that grand slam, many times start
back out.
Speaker 4 (41:40):
That's exactly okay. And one more question, what is a
myth about real estate investing that needs to be taken
out of your vocabulary or your mentality?
Speaker 2 (41:53):
I think that, you know, really the biggest myth is
that you you have to have all this stuff together
and you have to have you know, a lot of
money and to be able to invest in real estate.
That not just anybody can do it. And I disagree, Okay,
I think anybody can with the right guidance, and then
you'll be guiding yourself before long. It's it's really it's
(42:18):
it's open to anyone. Yeah, And I mean to go
with that. Do you you know when we talk about investing,
do you own or and I don't mean paid for,
but are you living in as Todd Matthews would say,
your own bank, do you have your own property? If not,
let's start there and then start adding to that.
Speaker 4 (42:38):
Yeah.
Speaker 2 (42:39):
So I strongly believe that anyone can invest in real estate.
Speaker 4 (42:43):
Well cool, Well, and if anybody's out there and you've
got some more questions, or maybe this conversation has got
you thinking, you're like, you know what, I think, maybe
it's time we look into it. Feel free to reach
out via the phone number nine six hundred or our
website Matthew Patterson dot com. So now we're going to
talk about the properties.
Speaker 2 (43:05):
Yeah, well, talking about properties and coming out of investing,
I can tell you we have just come to market
and we put these into three packages. We have seventy
six properties okay, bacond Land.
Speaker 4 (43:20):
Okay, bacant Land.
Speaker 2 (43:21):
So perfect for the investors that wants to and you know,
buy multiple pieces of dirt together to build on. We
broke them into three different packages as far as and
we did that by geographic location okay.
Speaker 4 (43:37):
Okay, So they're not all on the same road right
next to each other, they're not scattered, but yeah, which
is nice.
Speaker 2 (43:43):
They're all in Charlotte County and so we've got some
in Rotunda, some in north Port Charlotte, and then others
in by Northport and Port. Okay, so one one of
these packages is five hundred and forty thousand, the second
is five hundred thousand in the third is four to sixty.
(44:06):
And I can tell you right now you also can
offer on all three and buy it as one package.
You know, in the investing world, doing this, you're gonna
have more negotiation room, absolutely definitely. So if you know,
if you're a builder or you're looking to invest in
this area, this is definitely a great way to start.
(44:26):
And then of course we have a lot of single
lots two or three loss to get you know, that
we can help you with as well.
Speaker 4 (44:34):
Okay, well that's cool. So what if I'm what if
I'm looking for a business, do we have a property
that might fit a business?
Speaker 2 (44:42):
We do. So, yeah, we just were just now coming
to market with one on Veterans. Let me let's see
that's my open houses here. Let me give you the
right address.
Speaker 4 (44:54):
I think it's nineteen eight hundred nineteen.
Speaker 2 (44:57):
There we go, you know, B five. This is Port
Charlotte right on Veterans. Great location, close to I mean,
quick to get to the Interstate close if you're running
a business out of there and anywhere. Poor Charlotte Ponta Gorda, Northport,
this is a commercial space eleven and fifty square feet.
(45:17):
Now a lot of the you have a you know,
the large bay that you can pull your trucks in,
or you know some guys pullm in stock up just
all depending on what type of business you're in. Right now,
there is a a auto repair business running out of there,
so they chose to take the office space out of
the front and make this all one big shop or
(45:40):
garage if you will, gotcha, you could always put that
office back and still have the bay, still have the
storage or you know, so many people we've seen all
of these RV garages and storage places. Why not buy
your own storage place right right? So you know right
now it's yeah, right now, it's perfect for that because
(46:00):
it's all open, it's got the POxy floor, it's got
a lift in it. It is it is phenomenal and
it has been introduced to the market two hundred and
twenty five.
Speaker 4 (46:10):
Okay, so I could put my RV let's go back. Yeah,
hold on.
Speaker 2 (46:14):
So the one difference between this, I don't want to
mislead anybody. And some that are built for those RV
those RV garages are built for a lot of the
class as so they have the fourteen foot doors. This
has a smaller door. So if you have a large
boat with and with a tower that does not flip down, right, Okay,
this may not be the one for you, gotcha, But
(46:36):
any standard boat or reasonable t top would fit in there.
Speaker 4 (46:41):
Or someone like Todd that has like a million cars.
Speaker 2 (46:44):
There you go.
Speaker 4 (46:45):
You could put men.
Speaker 2 (46:46):
It's got a lift in it that he could actually
tinker around too.
Speaker 4 (46:48):
You could play with your car. I love it, Matthews.
You better be listening.
Speaker 2 (46:52):
Yeah, so fantastic, fantastic buye and again we you know,
just like talking about investing in property and now you're
not paid rent to rent place Star storage in absolutely. Okay,
now we're gonna go to let's see what else we got.
Mendoza price improvement. Yeah, we just did an improvement on
that three twelve Mendoza Street. It is now three hundred
(47:14):
and ninety five thousand. It is a four bedroom, two
bath a little over two thousand square feet at twenty
one hundred two car garage and a cul de sac
walk in closets, huge pool and deck. I am, of
course in love with this home.
Speaker 4 (47:30):
Yeah.
Speaker 2 (47:30):
J Dornberry built it. Yeah, three Zho three West Gray Street,
So you're right downtown Ponta Gorda. You can walk to everything,
ride bikes, enjoy the farmers market. We have just done
an improvement on it to eight seventy five. It is
three bedroom, two bath, twenty two hundred square feet. Historic area,
(47:50):
gas appliance is wine fridge that's in the big island.
When you walk in, it's got the large cathedral ceiling
that goes up some.
Speaker 4 (47:58):
It's like the old old floor bungalow style homes now,
but it's all brand new. Yeah really, and it's dark,
really pretty dark blue color. I love it, George really nice.
Speaker 2 (48:09):
Yeah. So that's at three or three West Gray Street.
We are going to do a broker open house there
on May twenty eighth, so any brokers, definitely, we'd love
to see you there as well. Now we're going to
go out to Rotunda one to eighty eight broad Moor Lane.
This is in Rotunda West four hundred and twenty thousand.
This just did it an improvement of thirty thousand dollars.
(48:31):
It is a three bedroom, two bat nineteen hundred square
foot under air, oversized pool, paver, patio, vaulted ceilings, Absolutely
gorgeous home and it's been getting quite a bit of attention.
Speaker 4 (48:43):
Yeah, it has.
Speaker 2 (48:45):
Also I want to talk why don't you talk about
open houses.
Speaker 4 (48:49):
Well, we've got I mean for a Memorial Day weekend
if you want to get out and about and maybe
start seeing what's out there. We've got some really great properties.
We've got one on three one eight seven el Cam
Boulevard that's going to be hosted by Rob from our
office on Saturday. That's the twenty fourth, So if you're
not at the Sandbar, come see Rob. From eleven to one.
(49:10):
This is a really great priced home. It's a two bedroom,
two bath, fourteen hundred square foot grot a pool so just.
Speaker 2 (49:18):
Put on the last few yearsand.
Speaker 4 (49:20):
New pool, fenced backyard and it's for two seventy nine.
That's an awesome well.
Speaker 2 (49:26):
And with Rob setting it so he's got a horseshoe
in everything he said sells. So I have a feeling
that one will.
Speaker 4 (49:34):
Be Yeah, I agree, Well, we got less Less is another.
You know, he's a magician too, so he's going to
be at fifty three thirty three Simrack Street, same time,
eleven to one on Saturday. This is a really another
beautiful home and a really pretty neighborhood that's got playgrounds
and parks, lots of mature oak trees covering the property.
(49:55):
This one's a three to two. Oh yeah, that kitchen
is really well out yard, the great backyard, and that
one's up for two seventy five. So come check less
out and say hi to him on Simrack Street.
Speaker 2 (50:07):
Okay, next one zero one zero one burn Store Road, Uh,
unit one thirty four, Mike is going to be sitting
there on May twenty fourth, eleven to one. This is
listed at two hundred and fifteen thousand. I did say
that correctly, two hundred and fifteen thousand. Two bedroom, too bad,
fourteen hundred square feet, so the same square footage as
(50:29):
the other two houses. A very large, very large property,
corner lot, gorgeous backyard, patio, one hundred and seven feet
of water frontage, private dock. So come bye and see him.
Eleven to one. Now, this next house, sixteen twelve Blue
Lake Circle, kind of near and dear to me. I
think it might have been the I don't know, second third,
fourth house. I sold in my career, just fantastic couple
(50:54):
and so I am selling it for the family. It
is at at sixteen twelve Blue A Circle. This is
a deep creek.
Speaker 4 (51:00):
Oh nice, Okay, Nicole's going to.
Speaker 2 (51:02):
Be setting this house as well. On the twenty fourth,
eleven to one, it's fifteen hundred square feet, three bedroom,
two bath with a pool. We were talking about investors,
Well here you go, two hundred and eighty five thousand.
This is a great home and on a fantastic street
in a good neighborhood. You know, definitely the reason why
(51:26):
it's price way it is. It's ready to be updated
as far as you know, maybe some some different cabinets,
different countertops, but you are going to be walking in
to a great home to make a long term investment.
Three seven one seven Rogers Street. Come out and see
Nick's hortel as well. On the twenty fourth, eleven to one,
it's four hundred and fifteen thousand, three bedroom, two bath,
(51:49):
almost nineteen hundred square feet. You've got the metal roof,
no hoa fee screen, Lanni.
Speaker 4 (51:56):
It's in Fort Myers and it's on McGregor off of McGregor,
which I love McGregor and Fort Myers and it's really
close to the Fort Myers Country Club, So if you're
a golfer or you play tennis, this is a really
great location. So definitely if you're in the Fort Myers area,
this would be the best place to go.
Speaker 2 (52:14):
All right, that's a wrap. We're down to that under
ten seconds, so we will see you next week.
Speaker 4 (52:19):
Have a safe and happy Memorial Day, and don't forget
your sunscreen.
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