Why is this 1/1 Worth $500,000? My First Investment Property!!!
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- Опубліковано 9 лип 2024
- Looking to buy or sell in the beautiful Florida Keys? I would love the opportunity to help you! You can find all my contact details below. Let's make your real estate dreams a reality! ☀️🌴
and hey, if you're simply curious about our market and want to browse properties without any commitment, that's completely fine too!
www.FLKeysMadeleine.com
Home Details: www.flexmls.com/share/Ac2oS/1...
Want to stay at our vacation rental? Book online here: www.itrip.net/key-west-vacati...
Looking to buy or sell in the beautiful Florida Keys? I would love the opportunity to help you! You can find all my contact details below. Let's make your real estate dreams a reality! ☀🌴
and hey, if you're simply curious about our market and want to browse properties without any commitment, that's completely fine too!
www.FLKeysMadeleine.com
Property Details: www.flexmls.com/share/Ac2oS/1016-Howe-St-9-Key-West-FL-33040
Want to stay at our vacation rental? Book online here: www.itrip.net/key-west-vacation-rental/j-ferrara-9
My grandfather bought his house in Key West in the 1930’s for $7,000, 2 story. He was a founder of the Navy’s diving school where underwater demolition guys in WW2 got qualified.
That was allot of money in 1930 😮
@@wht80vette Even for then fairly a lot of money but Key West has always been expensive, that was a 2 story house on the water about 4,000 sq feet, today it would be $3 million at least.
Oh wow, crazy to think how much has changed. Would have loved to see the Keys back then.
@@FLKeysMadeleine I wish he would have kept it!
Best of luck Mr. and Mrs. Peche Linge. My best to you both. Growing up in KW, “Peche Linge meant many things to many people . In my era, someone asked you “How’s it going?”, the answer was Peche Linge brother! And yes, I am drinking lol.
Haha, yes we are very familiar with the saying ;P Thank you so much for watching and following along on our journey!
Short of going to a hotel this rental is obviously more personalized with all the amenities you could possibly want.....I'm use to the weekly rentals I do in KCB and KW being the night life capital of the Keys this nightly rental has a great advantage long term.....This is a short term rental where the majority of the Vacation Rentals in the Incorporated Islands required a one week minimum....Glad to sea both of you have made the transition to Reel Estate Moguls in the Fabulous Florida Keys!!😎
Thanks for the explanation and tour. This definitely helps people like me understand the market there better!
Absolutely! It's tough to go into every detail, but at least it gives the gist. Thanks so much for watching and the feedback :)
Seems like a good system to protect locals, think they would make it easier to get around fogo for full time residency on building and remodeling if you don’t rent it
Exactly! The ROGO process has similar goals as well- to protect our land and overdevelopment of the Keys.
Love it. Congrats!
Thanks so much! I appreciate you watching :)
I love it! I can't wait to stay there!
Yay! Can't wait to host you :)
My only concern was about severe weather as far as investment purposes.
No doubt insurance would cover if needed.
But I dont live there and have no clue about the area. It seems like it would need to be booked up often for the return. With yalls team of family friends and fans that will be a none issue. Great marketing is the key. And Madeleine Young is great at Marketing. Her sales results prove that. I do hope it is booked up well and I likely would check it out should I be in the Keys. Nothing ventured nothing gained is my go too. So reach for the Stars! Great investment. I believe it will do well.
Best!
I can understand that concern, but the historic district has been around for a veryyyy long time. It is booked often, so we make about 8% ROI. So solid investment :) We are very blessed by people that support our journey and are so grateful! Appreciate your great feedback and hopefully we'll host you one day :) Thank you for coming along for it all!
Almost as good as having a liquor license and to be honest its great that is smaller. Looks great. Congrats.
Haha, yeah that's a way to look at it! Thank you so much :)
Congrats. Nice property. Loved it.
Thank you so much 😊
Wow 3600 a square foot still a bargain compared to Port Royal in Naples at 5600 square foot. Location, location, location and with the transient license a good find. Wishing you all the best 🎉🎉🎉
Yes, that's what it's all about at this property- location! Thank you for your support and for watching the channel :)
I love your personality You're absolutely gorgeous your husband is extremely lucky to have you keep up the good work
Haha, thank you for following along!
Great information
Glad it was helpful! Thanks for watching 😊
Wish you both the Best!!!
We appreciate you so much- thanks for watching :)
@@FLKeysMadeleine We watch both of your channels!! Can't get enough of you both nd the Keys!!! Still workin on retiring there one day!!
LTSFNGO Madeleine!!!!!!! I'm saving this video for future bookings on one stipulation. Tipsy gets to stay with me!!!!! 😂😂😂
Haha! Idk about all that, she loves snuggling with us too much! Thanks so much for watching and possibly staying with us in the future :)
GREAT INVESTMENT !!!!~~~~
Thank you so much :)
You are a natural 😜
Haha! I'm trying ;P
How much is it per night? I love coming to key west and will be hopefully planning a trip soon!
Awe, yay! The rate per night fluctuates depending on the season, but on average it's around $200/night. Less in off season, more in peak season. Here's our link to view the listing & book if you're interested: www.google.com/search?client=safari&rls=en&q=jferrara+9&ie=UTF-8&oe=UTF-8
Thanks so much for the support and watching the channel! :)
😎✌️👍
Thanks for watching :)
The Keys gets decimated during recessions. Live and learn.
That’s the time to buy.
I would double check your numbers on the keys vs. the rest of the US during the last recession. But everywhere gets decimated during a recession. Lol
@@FLKeysMadeleine I been here 50 years young lady.
Where do I book? And how much extra for @CookingWithClams to grill me dinner? 😊
You can book through this link: www.google.com/search?client=safari&rls=en&q=jferrara+9&ie=UTF-8&oe=UTF-8
Haha, that would be an amazing add on service ;P You'll have to talk to him about that!
😂😂😂😂 first, Will has to ask Arron for a boat ride, Better question is , IF u rent it out for a 3 day, Package deal, 1 day boat ride (sideline/background) and Will cooks what AQUAMAN Arron hunts ❤
Think I would pay 1300 for a 3 day 2 night stay, w the above suggestion, and grab some shirts and hat as souvenirs 😊😊😊😊 market 101 baby!!!!
Constructive criticism given your chosen profession. re·al·tor not re·li·tor
Lol… thanks for we watching!
Is it near one of their sinkholes?
I think you’re thinking about another part of Florida. The Keys don’t experience sink holes. Thanks for watching!
500? LOL that is an Insult and a horrible Investment.. please
lol Clearly don't know our market or our ROI. Thanks for sharing your uneducated opinion. We appreciate it!
Madeleine, while that guy sits around and works a call center for T-Mobile from whatever third world country he is from, you guys will be making some passive income and retire (coast) nicely. Good job guys, don’t pay any attention to the gutless ignorant cowards hiding behind the comments section.
@@FLKeysMadeleine500K? That’s a steal in Key West.
You’re right the license itself is worth it
After Hurricane
…after hurricane what?
All give them 500,000 for the hole building.
Not downtown Key West you won’t
Haha! You must not be familiar with our market. The Whole building generates welllll over that every year. Thanks for watching!
Have you looked at property there? Have you priced a hotel room? Obviously not , a small 2 bedroom w a transient license in Truman annex sells for 900k with a 1000$ hoa fee , plus charges every time they trim a tree,,,,, along with a crowded pool and limited parking , as a long term rental it probably could make sense as well..... Dude showing some ignorance ! Good luck Madeline