Long Beach Island Real Estate Investment Opportunities
When the time comes to investment, everybody seems to have their own opinion of what to do with “your” money. Conformity and the status quo tell us that stocks, 401k investments, savings accounts, bonds, even gold, are all dubbed as good investments. Despite this, one of the most time-tested and resilient investments are real estate investments. When the stock market crashes or recesses, Real Estate acts as an anchor and is always regarded as secure. It is an actual hard asset; it is something you can touch and see, unlike paper assets. The LBI real estate market offers some exciting and lucrative investment opportunities. With this insight, Long Beach Island real estate investments should be considered as an avenue for you. As a realtor and not a financial advisor, I am inclined to tell you to seek the advice of your accountant and financial advisor.
There are three main areas of investment opportunities in the LBI real estate market and they are:
- Investment in rental properties
- Building a spec home (also called flipping)
- Commercial real estate
The LBI real estate market has always been regarded as one of the most stable markets, making Long Beach Island real estate investments a safer decision. The lack of short sales, foreclosures and other distressed sales separates our regions real estate from the rest. We know that there is no greater drain on a market than distressed sales. Even in the worst of times, homeowners will be able to retain their properties if they choose the LBI summer rental market. With these very few distressed sales on the market, home prices are generally not subject to the massive swings we see in other real estate markets around the nation. It is common to see a 20% to 30% equity position gain on construction projects when done correctly. This helps to make Long Beach Island real estate investment not only practical, but also safer when you partner with the right team.
Learn the basics of investment on Long Beach Island and the different options available to help you get started in the LBI real estate market. Topics include defining your investment goals, the different types of investment and who you should consult prior to making an investment. I highly suggest you contact your account or financial planner before making any decisions.
CAUTION– All Realtors are not created equal. With over 30 years personally in the construction industry, I can assure you that my team and I have exactly what it takes to guide you towards the right investment.
Contact me and I will walk you through my Steps to Success.
- Create the Objective- End Goal
- Property Type & Investment Dollars Required
- Choosing the Right Investment through a CMA
- Speak to your Trusted Financial Advisor- Running the Numbers
- Visit Homes- Casting a Wide Net
- Selecting the Specific One
NOTE- Please keep in mind that I am a real estate agent and any investment on Long Beach Island should only be considered after you have spoken to a financial planner, accountant, and other advisors.