altamar

Gregg Fous began his career in the real estate business in 1982 with the acquisition of a bus terminal in Fairfield, Ohio. He saw an advertisement that was offering the terminal for sale by the bank. He asked for a meeting with the realtor, reviewed the numbers and made an offer pending a satisfactory inspection. The offer: full price, but no payments or interest for three months, the bank to finance 95% of the asking price at market rate for 5 years. Offer accepted. Mr. Fous then re-negotiated the lease with the current tenant (who had given notice to the bank because of fear that when the building was sold, they would have to move anyway.) Mr. Fous had positive cash flow of $1400 month after the initial three months during which he recouped his initial $8000! Five years later, Mr. Fous sold the building to the tenant for twice the amount of his original investment.

This was the first investment of many for Fous, now an investment specialist Realtor. Born and educated in New Jersey, Fous traveled the world as an industrial salesman until his move to Fort Myers in 1991. He then liquidated his real estate up north and started investing in residential and commercial properties in Florida. As an early student of residential real estate fortune building, Fous bought single-family homes, duplexes and larger multi-family properties in Fort Myers. He continued to locate commercial properties that were either physically or financially distressed, bought them, filled them up and “flipped” them.

His first waterfront property purchase was on Fort Myers Beach. After three years of renting it, he turned it for a handsome profit in 1999. It was at this time that he became a licensed Florida real estate broker for the second time. (Originally, he acquired his license in 1978 but never was active with it). Mr. Fous was now able to do for others what he was doing for himself. His first waterfront condo was at the mouth of the Caloosahatchee River. He purchased it for a $515,000, maintained his residence there over the two-year period to avoid capital gains taxes, and then “flipped” it for $840,000.

Mr. Fous now spends most of his time working on investment real estate not only for himself but in the best interest of his impressive client roster. Rounding out some of his interests includes the widespread development of value priced condominium communities in Lee and Charlotte Counties in Southwest Florida. Mr. Fous is making history, and making dreams come true with his crystal clear vision about the future of real estate and his role in the local and global economy.

Through www.investinwaterfront.com, members can view the properties that Fous brokers and the current properties Fous is either buying or developing. Through his newsletter, Fous now sends an informative and timely weekly email to members on a vast variety of topics which are of great interest not only to real estate investors, but to those who would like to obtain critical information from the gentleman who has his finger on the pulse of the real estate investment market.