All of the short sales and foreclosures taking place leave people in need of a home to rent, making it a great time for investors to purchase investment properties, not just in Brevard County, FL, but anywhere in the sunshine state. The post The New Growth Business; Becoming a Landlord states, “Investors from Warren Buffett to mega financiers like GTIS Partners to small-time wholesalers are looking to cash in on the U.S. Housing market.”
Typically investors worry about vacancy rate, but the distressed property real estate market has created a huge demand for rental properties which is likely to be in place for the next 10 years. At that time the market will rally back to stability, making it an ideal time to sell, perhaps to the tenants who are renting the property.
Buying investment property still requires expertise of what will be most rentable for the long haul and saleable in the future. There are constants in real estate investing that are timeless, meaning buying property because it’s cheap, doesn’t always provide the greatest rate of return.
The shift in the rental market makes it an ideal time to invest. Drop us a reply below to get a list of the ideal investment properties to purchase in Brevard County, FL.