Types of Investment in the Long Beach Island Second Home Market
Long Beach Island Real Estate
Buyers in the LBI real estate market have many different reasons and motivations for entering into a real estate transaction on Long Beach Island, most buyers view their purchase, at least in part, as an investment. While there are many forms of investment, for example, commercial real estate, it is far less common than buying a rental property or building a new home. That begs the question, who invests in the LBI real estate market? In whole or in part, buying a home as an investment usually falls into one of two categories: those looking to rent and those looking to build. Each of these categories can be further broken down depending on the intended use. Generally speaking, buyers will:
- Purchase a home to rent as many weeks as possible and generate cash flow
- Purchase a house to rent and use with the rental offsetting the cost of ownership
- Buying and building a new home to rent or sell for a profit
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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