"Failure is simply the opportunity to begin again,"

"this time more intelligently."  Henry Ford

Investors are back big time for all the small condos scattered through Cape Canaveral.  You can usually find these for around $50,000 and create a small cash flow and wait for the value to escalate.  We recently listed and closed 2 of these in less than 30 days.

2 interesting listings hit the market this month.  One is a eightplex in Cape Canaveral, the property appears to be in good shape with a onsite laundry for extra income.  It is listed at $339,000 with a cap rate around 9.5, you would have to get the price lowered a bit for safety.

The other is The Faulty Towers in Cocoa Beach. As you may recall this is the hotel that caused much controversy when they became a clothing optional hotel.  This property consists of 32 rooms, resort style pool area and tiki bar.  Listed at $2,900,000.  Now you can be a hotel owner.

Jim Bagwell