LBI Real Estate As a Long Term Investment

LBI Real Estate As a Long Term Investment

Buying and Renting a Home in the Long Beach Island NJ Real Estate Market

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island Real Estate

For many, buying a home in the LBI real estate market is a personal goal and owning a beach home has immeasurable unique benefits. There is also a financial benefit to owning a beach house on Long Beach Island. More and more, we see buyers taking advantage of the investment opportunities that the LBI real estate market can provide. Not every home makes sense as a rental investment property, but if you can find the right home at the right price, LBI real estate as a long-term investment can prove to be amazingly lucrative.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

LBI Real Estate As a Long Term Investment

There are several ways to invest in the LBI real estate market, but we will be discussing buying a rental property as a long-term investment in this blog. Owning a rental property on Long Beach Island has three distinct advantages. They are:

  • Long term equity appreciation
  • Steady and reliable rental income
  • Potential tax advantages of owning real estate

Historically speaking, the real estate market on Long Beach Island benefits from a relatively stable market that does not see significant drops. Over time, the LBI real estate market has seen steady appreciation like the national real estate market. This stability helps to grow the equity position of a home at a faster rate. It is the rental market itself that helps to provide this stability. Since seasonal summer rentals tend to be reliable, the LBI real estate market does not see many short sales or foreclosures, which adds to the long-term equity appreciation. The summer rental market is, as I mentioned above, stable and reliable. People like to vacation at the beach, and this has led to a predictable cash flow. Of course, this cash flow can fluctuate, but it does remain relatively consistent. When the right home is purchased at the right price, it is surprisingly easy to obtain a positive cash flow for a rental investment home on Long Beach Island. Lastly, there are numerous tax advantages to owning real estate. As a real estate agent, I cannot provide tax advice, but there are a number of ways to use a home on Long Beach Island to your advantage through write-offs and deprecation, among other things. It is best to speak with your tax consultant to understand if there are benefits for you personally and what they may be.

Buying and Renting a Home in the Long Beach Island NJ Real Estate Market

Owning a rental property as a long-term investment in the LBI real estate market can make a lot of sense. Of course, it does involve doing some work, but owning a summer rental property can be pretty easy to manage with the right plan in place. The LBI real estate market offers many rental investment opportunities that can help balance out a portfolio and add to your short and long-term wealth. If you have any questions about buyingselling or investing in the LBI real estate market, please do not hesitate to contact me.

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

Flood Insurance Rates on Long Beach Island NJ

Preparing for Appraisal Gaps in LBI NJ Real Estate Market

Things You Need to Know Before Buying a Condo in the LBI Real Estate Market

Are Long Beach Island Homes No Longer Affordable?

Pending Sales vs. Active Under Contract Sales in the LBI Real Estate Market

LBI Buyers Are Serious!