Looking to expand your investment portfolio? A recent survey completed by bankrate.com in 2015 has revealed that real estate is Americans' top investment choice...and it's way more fun to visit your beach house than your stocks, right?! http://goo.gl/JSyqkl
Plus, real estate investments offer the ability to finance a portion of the purchase price in order to leverage the initial investment and to control an asset valued much higher – unlike stocks, bonds and CDs. With lower interest rates still available, a small increase in the value of a leveraged property investment can carry a greater return than an unleveraged investment. Investing in real estate also offers tax benefits where earnings from investments in CDs, bonds and stocks are taxed. By making deductions from the profit on mortgage interest, cost of property repairs and depreciation, property owners are writing off depreciation of an asset that is actually ascending providing yearly benefits to a long-term investment. Most importantly, ownership of property improves cash flow. Subsidizing the investment with consistent rental income puts money in the investor’s pocket, covering the mortgage, repairs and additional homeownership costs. As you build your portfolio, you will begin to see the payback. A good formula to use to estimate your return-on-investment (ROI): add up the rents. Factor in any future expenses and repairs, taxes. If the home will pay you back in 5 years you have a plan. A Great Plan. Buying fixer uppers are great, if you have the skills to do most of the work or you have your own team of workers who can do the work inexpensively.
Purchasing a real estate vacation rental investment property in Outer Banks of NC is a great place to start. In addition to the general turnaround in the economy, the Outer Banks are giving folks more reasons to come back year after year. An increase in things like summer concerts, events, and the growing popularity of fishing and water sports means that purchasing on the Outer Banks is a safer investment than ever before. Strides are also being made to turn our economy into one that thrives on a year-round basis. 2015 boasts marathons, festivals, and other athletic competitions that have brought thousands of visitors to our beach. This year-round economy benefits not only the area’s local businesses, but also Outer Banks income property owners. The Outer Banks vacation rental season has expanded outside the traditional months of June-August and will continue to do so. Purchasing a property as both a vacation home and an income property will allow new home buyers to make their investment with confidence!
I will be more than happy to consult with you on your OBX real estate plan. I can provide investment analysis, cost-to-own scenarios and other investment examinations on these properties. My 30+ years of real estate experience can help you find the best deals on the oceanfront, golf course, waterfront or other residential property anywhere on the Outer Banks. If you have not looked at Outer Banks real estate recently, it is a good time to take another look.
Good luck in your future, good luck in your investing, and most of ALL...Good Luck in all that you do.