INVESTOR STORIES
PRESIDENTS' CIRCLE
Presidents’ Circle
Featured Member: Robert Knight
residents’ Circle member, missionary, real estate investor, and business owner Robert Knight has
One of the unique things about Cape Coral is that it has 119 square miles and 50 percent of the city is still unbuilt with an almost endless supply of affordable lots. In 2016, with this idea in mind, we started White Stone Develop- ments to begin building single-family homes and duplex- es for investors and first- time home buyers. Our long-term vision is to help investors take advantage of this amazing location and hold rental properties that have strong cashflow and potential for capital apprecia- tion. Our preferred niche is new construction rentals and build to rent. We believe there is huge potential to create differentiation for investors. Below are a few reasons why: • Location. Location. Location. Great locations perform better! • Land prices are still historically low. • Rental revenue is higher because it is quality new construction. • Scalability/deal flow is endless for the foreseeable future. • There are fewer expense surprises than in rehab deals. I am excited by the multitude of opportunities all around me in this paradise called Cape Coral. Not many places can you get gorgeous waterfront canals for as low as $10,000! Investors can own rentals in an amazing area with solid cashflow, builder warranties, historically low interest rates and strong potential for capital apprecia- tion. What concerns me is helping as many investors as possible get started before interest rates get higher. What really fires me up is helping people move toward financial freedom with new construction rentals. Each new property goes to work for investors to give their fami - ly more freedom and options that make life amazing.”
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been purchasing and rehabbing buy-and-hold single-fam- ily rentals since 2009. In 2016 he pivoted to new construc- tion in the sunshine state. He shared his real estate story and a few other fun facts with Think Realty, including business tips for beginners. Read on for Rob’s story: “In 2015 my wife and I returned from 20 years overseas as missionaries and purchased a HomeVestors franchise. We rehabbed or wholesaled 17 properties our first year but noticed our marketing spend and the competition for distressed properties in our area was increasing. I chose to move our family to Cape Coral, Fla., because I was so impressed with the vision of the city as a pre-plotted, master-planned community with over 400 miles of gulf access and freshwater canals.
Aerial View of Cape Coral, Fl
12 | think realty magazine :: august 2020
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