Dennis Fuller
Panama City Beach, FL (USA)
Role(s):
Founder/Owner/Principal
Coastal Property Services, Inc.
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Startup
Location:
Panama City Beach
Industry:
Real Estate
Year Founded:
1989
Number Employees:
50-100 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
I am assembling three groups to purchase residential real estate in this Buyer's Market.
Group 1 - Purchase 25 single family homes with purchase prices at $150,000 or below so that the rental income will cover all cost including a mortgage payment with 25% down payment. The goal is to breakeven for five years then sell each home at a minimum of $50,000 profit. Estimated capital required - $1 Mil
Group 2 - Purchase 10 oceanfront three bedroom condominums or beach homes with 25% down payment. The goal is to breakeven for five years then sell each home at a minimum $125,000 profit. Estimated capital required-$1 Mil.
Group 3 - Purchase mid-size apartment communities that are large enough to support an on-site manager and maint supervisor-typically over 60 units. The goal is to pay a 5% preferred return quarterly, then sell in five years at a increase in value of 25% or more. Estimated capital requirement $500K-$2 Mil.
I have been in the real estate investment and property management business for over 20 years and have never defaulted on a mortgage or given a property back to a Lender.
My company is basically a rental machine and we like to say we make real estate investments work the way they are supposed to. In years past, we have managed over 1000 rental homes, over 50 apartment communities, and over 50 short term vacation rentals.
Now is the time to buy residential real estate! Don't miss out on this fantastic opportunity!
Founder/Owner/Principal
Coastal Property Services, Inc.
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Service Provider
Location:
Panama City Beach
Description:
Coastal Property Services is a rental machine. We can get any residential real estate rented and maximize and grow the net operating income. We make real estate investments work the way they are supposed to.
We currently manage 15 apartment communities, 10 owner associations, 250 rental homes, and 50 vacation rentals.
We are available as your Partner or Property Manager in Alabama, Florida, or Georgia.
Services Provided:
- Project Management