Sunday, February 9, 2020

Long Beach Island Real Estate Rental Investments

Long Beach Island Real Estate Rental Investments

Long Beach Island Real Estate Rental Investments

I am often asked by those looking to invest in the LBI real estate market if a summer rental property is profitable. While there is not a one size fits all answer to this question, under the right conditions, they can be very profitable in a variety of ways. When looking to invest in the LBI real estate market, a buyer should consider the investment in two ways: rental income and market appreciation. Before we go any further, I must say that all investments should be discussed with a financial planner, accountant, etc. to see what makes the most sense for you. When looking to buy a rental property in the LBI real estate market, there are a few variables that buyers should review:
  • Fundamentals of the market (locationlot size, etc.)
  • Can the property be rebuilt
  • What does the current rent potential offer and how can it be improved

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