Investment Property TypesOctober 24, 2015
If you are thinking about buying real estate in South Walton, you may be wondering which type of property to invest in. The truth is that it depends on various factors, including how much capital you are willing to put down.Â
Investment properties come in all shapes and sizes – especially along the Gulf Coast. With so many options, it is important to research, and eventually develop a list of pros and cons to each. We know your time is limited so we’ve outlined a few below to give you a head start.
Single Family Residences: Investing in a single-family home is often a cheaper alternative to multifamily housing. Speaking of finances, you will likely find it simpler to secure a loan for these residences. Other pros include tenant attraction and maintenance. However this “lower” risk investment can sometimes mean a smaller reward.Â
Multifamily Residences: If you’re looking for steady a steady return on your investment, this is the way to go. However, if you’re not prepared to handle things at this magnitude you could end up draining funds.Â
If you are still unsure of the best type of real estate to invest in,Â contact our RE/MAX Southern agents today. Not only can they help you find what you are looking for but put you in contact with reputable and certified property managers in Destin, Florida.Â