Market America Realty and Investments
800.439.1580
Gregg's Background

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  month after the initial three months during which he recouped his initial investment. 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 a developer with Market America Development, LLC and owner manager of Market America Realty and Investments, Inc.  Born  in New Jersey and educated at Rider University , Fous traveled the world as an industrial salesman until his move to Fort Myers in 1991. It was here that he began consulting for a Fortune 100 company in strategic development for new technologies. At this time Fous 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 was adept at identified undervalued properties, purchasing them and either fixing them physically  or financially. He continued to locate commercial properties that fit his criteria, bought them, filled them up and “flipped” them.

  One property, Kelly Carlos Office Center, a 25,000 square foot office building located in South Fort Myers, he purchased in 2001 at 60% occupancy. He moved in, improved the property and got occupancy to 100%, and then sold the property. He realized a return of over $1,000,000 on $300,000 investment in three years.

  His first waterfront property purchase was on Fort Myers Beach. After three years of renting it, he turned it 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.

   

In 2002 Fous developed an internet marketing strategy for marketing other developer’s condos in the preconstruction stage. In 2003 this was so successful that his company actually outsold all inside sales people at a two building release at Burnt Store Marina. Fous writes a weekly real estate “opt in” newsletter that is distributed to over 6500 subscribers. The weekly letter is full of investment and  real estate advice and also keeps subscribers in touch with the local market and trends. 



In late 2003 Mr. Fous and a partner started Brixton Development, LLC in order to capitalize on the large number of buyers that the website generated. Brixton successfully completed Oasis of Cape Coral, a 56 unit complex, Brixton Keys of Punta Gorda, an 8 home development, and sold out Island Pines of Cape Coral a 304 unit residential condo complex. Fous designed and sold out Palm Point, a 98 unit mid-rise waterfront community before selling the company to his partner in August of 2005.

 Market America Realty and Investments, Inc. is based in downtown Fort Myers with 14 residential agents and two support personnel. Market America Realty and Investments, Inc. in South Fort Myers, with a Marketing Director and two other support personnel and five agents, two satellite sales  offices, one on Fort Myers beach and one in Cape Coral, and a title company a separate offices in South Fort Myers.

Web Hosting Companies