When considering investment properties, you must first determine that it is profitable and a good idea to purchase rental properties. Let’s talk about this aspect. Owning a rental property produces rental income which, if it produces a profit after deducting expenses, would be considered a good investment. Add to this the possibility that the property has the potential to increase in value over time and you have some strong reasons to buy investment property.

If rental income is paying more than the monthly mortgage amount, leaving excess for home repairs, tenants may be able to pay for the home in full. At some point in the future, this same house may be sold and the seller receives the full value of the property. It seems you can’t go wrong owning rental properties. But is this true? It all depends on whether the investor has thoroughly completed his task.

If you are currently considering an investment in rental properties, be sure to do your research thoroughly. It is important for the real estate investor to gather the proper information before committing to ownership of the rental property. Searching the Internet, reading real estate publications, attending seminars, and speaking in person with real estate investors is a great start that will set you on the path to making a wise and informed decision. Starting a business is a bit like investing in real estate. Knowing the facts and spending time on the purchase gives you a much better chance of success. Doing your homework can prevent disastrous real estate investment decisions.

Why a real estate investment in Florida?

There are many issues that need careful consideration before making a final decision on real estate investment. These include the location of the property, are you interested in an urban or rural location? What is the condition of the property, how much maintenance will be required to keep it in good working order? What are your financing options? What taxes apply to that particular property in that location? How will you select tenants?

These are all vital questions that could determine the success or failure of your business. We are going to address the first and probably the most important of the questions that should be asked regarding real estate investment. Which location will you choose? When looking for the best possible location, it’s important to look at trends among tenants. The US population continues to grow with a gain of about one person every 14 seconds. Where do all these new people come from? An increase in our own population and immigration account for this strong growth. With this in mind, it is safe to say that there will be a continued need for housing in the future. As for the immigrant population, California, New York and Florida top the list, in that order, in new residents. What a potential group of people to extract! Looking at the cost of purchasing real estate in these three states, a Florida real estate investment is among the most reasonably priced. Coupled with strong immigration growth, Florida is an attractive tourist destination, making it an ideal place to purchase rental properties.

Investing in Real Estate in Florida – Where is a Good Choice?

In addition to having the third highest rate of population growth, the high rate of tourism is definitely a great reason to invest in real estate in Florida. With its year-round mild climate and a wide variety of attractions, both natural and created, it is the ideal place for a family vacation. Families and singles return time and time again to enjoy the wonderful vacations that Florida has to offer. Deciding where to buy your Florida real estate investment can be a difficult decision. Tourists in Florida seek sun and fun. A real estate investment near the beach, from Key West in the south to Jacksonville in the north and east from Daytona Beach to Fort Myers, would offer good returns on your investment. Beachgoers will pay top dollar for rentals near the ocean. Let’s consider Central Florida as a wise real estate investment. Walt Disney World has made Orlando the third favorite tourist destination for foreign travelers. Only Los Angeles and New York City rank higher. With its many sparkling lakes, tropical landscapes, and clean modern skyline, Orlando, the largest city in Central Florida, has aptly earned the title of “The Beautiful City.” Along with the biggest attraction card of them all, Walt Disney World, theme parks like Universal Studios and Sea World have made Orlando one of the largest tourist markets in the world. 2.6 million international travelers flocked to Orlando in 2004, according to the Orlando/Orange County Convention and Visitors Bureau, a 12 percent increase from 2003.

Florida Real Estate Investing – Where in Central Florida?

Having established the fact that Central Florida is an attractive tourist market, it would stand to reason that a real estate investment in Florida, particularly in the Central Florida area, would make good business sense. But how would one go about locating a desirable area and property for this investment? An initial search would lead you to search for properties listed with major real estate companies or visit craigslist.org in your area. Deciding what type of property is important. Do you prefer a single-family residence, a townhouse or a condominium? Please note that townhome and condo purchases may offer on-site property management services. Will your real estate investment in Florida purchase be in a new development or in an older established area? Purchasing a rental property in a new development often offers pre-construction prices that can be substantially lower than post-construction prices. Are you available to manage the property or do you want to hire a property management company to handle the details of property maintenance, record keeping and booking tenants? Doing it yourself can save you 6 percent or more on your rental cost, but it can end up costing you money if you don’t know what you’re doing. If you don’t plan to live near your rental property, you might be wise to consider spending a few extra dollars to hire a property management company. This will save you headaches and time, your own time for property maintenance and the time it takes to locate tenants.

Florida Real Estate Investing – Consider Davenport, Fl

Considering a real estate investment in Florida, just 5 miles southwest of Disney, you’ll discover the quiet and quaint town of Davenport, Fl. Its central yet off the beaten track location gives it an appeal of its own. Davenport, FL is only 2 square miles in size. With its small town appeal, it is an attractive rental option for tourists. Davenport, FL is less than 30 minutes from Universal Studios, Sea World, Disney World, and other Orlando attractions. It is only an hour and ¼ from the Kennedy Space Center and within an hour’s drive of Tampa (home of Busch Gardens) and Cocoa Beach. After a busy day at the main tourist attractions, what a nice respite it would be for tenants to stay in this peaceful spot surrounded by orange trees. Convenience is another draw card with a 24-hour Super Wal-Mart just nine miles away. Kissimmee is just a short drive away with its spectacular nightly entertainment options such as Arabian Nights and Medieval Times. Kissimmee’s family attractions, Green Meadows Farm and Silver Spurs Rodeo are also nearby. Davenport, Fl’s small-town atmosphere offers a quiet stay that’s close to popular attractions, including theme parks, family hotspots, and great shopping and dining, located not far from the Florida Mall, outlet malls, and Orlando Mall .

Bimini Bay, Davenport, Florida

Located in Davenport, Fl, very close to Walt Disney World, is a new development, Bimini Bay. On 80 acres, 360 three-bedroom, two-bathroom townhomes are ready for purchase. Davenport, Fl townhomes are turnkey with fully equipped kitchens, appliances, and everything needed to set up the home, including bedding. There will also be 360 ​​fully equipped one-bedroom apartments. Planned amenities include a resort pool, two movie theaters with stadium seating, a major chain restaurant, large clubhouse, swimming pool, lazy river, water slides, exercise room, tennis and volleyball courts , along with many other features. The best part of investing in a townhome in Bimini Bay, Davenport, Florida is that you take care of the upkeep of the property. The investor gets the benefits of ownership such as property appreciation and the ability to stay in the purchased property for a minimal fee without the headaches of property management. The on-site management team handles maintenance, markets the property, and insures tenants. The investor receives the same rental income each month, making this a low-stress investment. At the beginning of this article, managing the rental property yourself or obtaining a management company for this purpose was discussed. Purchasing a property in Bimini Bay ensures that the on-site management will take care of all property management issues while allowing the investor the advantage of a steady income along with the benefit of using the property.