Jason Martin, PA
Residential Realtor® Agent
561-624-4544
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Doug Martin
Realtor® Emeritus Broker
561-339-3299
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MARTIN GROUP OF REALTORS®
Local Expertise • Global Reach
+1-561-339-1779
Investing in Real Estate
Palm Beach County Florida
Let’s work together to make your investment journey smoother while buying and selling real estate properties. Our access to affiliate global, regional, and local markets will expedite your sale or purchase. Your investment portfolio will be enhanced by our turnkey support services.
Investing in Residential Homes and Condos
Are you looking to buy Florida homes or condos for an investment? The Martin Group helps individuals, business owners, and professionals reach their real estate investment goals by finding the best deals on real estate in basically five counties: Palm Beach, Broward, Miami Dade, Martin and Port St Lucie.
Whether you’re thinking of flipping for a quick ROI, 1031 Exchange, or renting for long-term gains, we work to find investment properties that are right for you. Our team of local real estate experts and support staff will help you build a robust portfolio of quality investment properties, managing your transactions from negotiation to settlement and beyond.
The Martin Group has been serving the south Florida area since 2010, helping investors source deals, build investment portfolios, and manage assets. Doug and Jason Martin are real estate professionals who have a proven track record working with all types of investors, providing the knowledge and resources you need to achieve your investment goals.
Contact us today to schedule a free consultation. Whether buying or selling a single property or an entire portfolio, we are always happy to meet with you to discuss your wants and needs with no obligation. Text or call 561-339-1779 to schedule your free consultation.
Smarter Diversification
Now you can diversify outside of the public markets with private real estate, allowing you to reduce risk and improve stability. Like most property or home buying requirements, there are some standard qualifications you must meet in order to purchase an investment property.
Diversification can be achieved through different price levels, locations, types of buildings, hold or flipping styles, short-term or long-term, getting a mortgage loan or paying cash.
Buying With Cash Verses Financing
First, decide if you’re planning to buy with cash or finance. Many real estate experts suggest only investing in rental properties if you can purchase the property outright. However, plenty of prosperous investors decide to finance instead, or “leverage” by taking out a mortgage.
If you decide to go the financing route, first get pre-approved for a mortgage. This way, you know what your budget will be and can begin looking for realistic options.
For rental investments, mortgages can be one of two types of loans.
1. Fixed-Rate Loan – a more predictable long-term loan. Interest rates don’t change over time. They remain fixed. Minimum down payment varies with credit scores.
2. Adjustable-Rate Mortgage (ARM) – Typically, a 30-year loan with a fixed, low introductory interest rate (typically the first few years). And interest rates change after the fixed period ends. Minimum down payments vary with credit scores and other things.
ROI = Return On Investment
Your Return on Investment (ROI) is the top priority in your investment decision. Keep this in mind when choosing which property to invest in. Avoid jumping into the first vacant spot you can afford. ROI is important for both short-term and long-term investments.
Things to Consider When Investing in Real Estate
CONSIDER YOUR IDEAL RENTERS
Do you want recurring, short-term tenants in a tourist vacation spot? Would you rather market to young, successful entrepreneurs in metropolitan areas? Would it be more profitable to invest in property within retirement communities? Consider your ideal renter demographic.
LOCATION
“Location, location, location” is a common phrase in the real estate investment market. Since a property investment doesn’t need to coincide with your primary residence, you can choose from a larger variety of locations.
PRICES AND EXPENSES
Crunching the numbers beforehand will prepare you for making the best decision on which property to buy, and where. Knowing about the local property tax, job market, amenities, and average rent will help you determine your prices and line them up with your expenses.
CONDITION AND UPKEEP
Is the property a fixer-upper that will require large repairs upfront? Weigh your options and conduct proper inspections for your serious prospects before signing the dotted line.
Rewards Vs. Risks
Some rewards include:
- Passive income. You earn money from renters while still generating your regular income.
- Tax-deductible interest payments for rental property.
- Investments in real estate tend to be far less volatile than the stock market.
- You make real-life decisions that affect the potential of a tangible asset.
- Options to put earnings into a self-directed IRA.
- You can physically and financially contribute to improving your local community.
Be aware of risks, such as:
- Initial purchase costs can be high.
- The property— and any upkeep required— is your responsibility.
- You’re committed to the property long-term.
- You can’t just sell it instantly if things get complicated.
- Tenants can be difficult to deal with.
- If someone isn’t paying their rent, it’s still your job to cover all property expenses.
- You might be subject to taxes on net rental income, depending on your salary or location.
- Many investors go into real estate with unrealistic expectations, causing many to quit early and fail.
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The Martin Group of Realtors®
LOCAL EXPERTISE • GLOBAL REACH
40+ years of experience as Realtors® and Custom Home Builders
Helping you reach your real estate goals!