Lehigh Acres-Investor Trap? (Cape Coral, Fort Myers, Lee: lender, real estate, foreclosures)

[Milabs]

LeHigh is a joke! It's full of cheaply built first time homeowner homes.....and full of drugs and crime. They are trying in vain to develope LeHigh...I lived in Lee County for 24 yrs and LeHigh was and is still the biggest joke of the county.

[macguy]

Originally Posted by Milabs

LeHigh is a joke! It's full of cheaply built first time homeowner homes.....and full of drugs and crime. They are trying in vain to develope LeHigh...I lived in Lee County for 24 yrs and LeHigh was and is still the biggest joke of the county.

I would not necessarily say that, check out this place, Copperhead Golf and Country Club, do a google search, they are building what may be the best homes in the state. Solid poured concrete and steel construction almost hurricane proof. We will be building a home similar on our property. It is really the only way homes should be built in most parts of Florida and doesn't really cost any more to do.

In some respects it can be cheaper because it requires less labor. We will be having the contractor building the shell of the house and finish it ourselves in side. We should save a fortune and have a better house. We have even been buying what we will need already. I bought out a building supply that was going out of business and have lots of stuff like tile, wire doors all sorts of electrical and plumbing stuff in my warehouse at like 25 cents on the dollar. I also have gotten some really unique stuff at demolition sales. You would not believe what you can find.

[crankyyank]

my sister lives in lehigh, she hates it and says that it is overcrowded and the real estate is WAY overpriced. her husband is in real estate and advises to not buy in lehigh now as the price is way to high, and nothing is moving. look at mercedes homes web site and find lehigh, they will almost give you a house if you want one. lennar is the same story. a "buliders" lot is around 90k if you can find one

[sami]

Right now is not the greatest time to buy investment real estate UNLESS you really know what you are doing. (I did it on a small scale years ago.) ................................ If you do buy, research your choices well and be careful--real careful--of these crazy option ARMS (adjustable rate mortgages)--they can ruin you.... Also, buy for longer term and rent..... Flipping houses today is almost always a money loser with the present economy. Also make sure you can handle being a landlord.... All places have good and bad reasons to buy......but places that have a lot of houses/duplexes for sale AND they are having a hard time selling them is a big red flag...... Also, you have to know what you are doing to invest in "investor" areas...... Wish you the best.

[SouthFloridaNative]

In the late 60s/early 70s buying land in Lehigh was a scheme...and yes, it was known as "home of the newly weds and nearly deads" but I know people that live in Lehigh Acres now and it seems no different than other town. There are still some nice and/or quiet areas but then there are bad areas too. I have noticed alot of new businesses and alot of new job growth in the area. It's not the Lehigh of the 60s/70s.

[Na16v]

My brother-in-law bought some land and a house in Lehigh Acres about 5 years ago. He saw an infomercial in MA. He likes it very much. This is his first home, a 4 bedroom 2.5 bath 1 level house.

[tallrick]

Lehigh is currently priced twice as high as it should be. Just wait, the prices will return to reality. Even my Hendry county land is valued at 4 times it's real worth. The crash can't come fast enough for me though.

[watchdog]

check out www.lehighacreswatchdog.com

[watchdog]

check out www.lehighacreswatchdog.com

[Prichard]

It's an old, big development that went "flop". There are tons of vaccant lots for sale out there. Even on Ebay. Unless you've always wanted to live in Lehigh Acres, I would't touch one of those lots with a 100' pole.