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.
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.
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.
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.
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.
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” 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.
Some rewards include:
Be aware of risks, such as:
We have some tips for you from our 40+ years of experience as Realtors® and Custom Home Builders.