Why Have a Buyer's Agent When Purchasing a House?Buying a house is one of the most significant undertakings you'll make in your entire life. It's not simply about finding the right home for you and

Dated: August 15 2020
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For the purposes of this article, "investment properties" refers to income-producing properties or properties that can readily be flipped for a profit. Primary residences which see returns in the form of capital appreciation are not included here.
The single-family investment property is a house or condominium bought with the intention of renting or selling it to a single tenant or buyer. Common ways to invest in single-family properties include buying foreclosures, fixer uppers or other properties believed to be undervalued for the area. The main goal is to buy something you feel is undervalued, fix it up and sell it for a quick profit, or rent it out to a single tenant or family. You should believe that the ARV is much greater than the purchase price.
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The second home or vacation home becomes a rental property when the homeowner decides to rent it out when they are not there.
An example would be a family who owns a beachfront condo in Miami that they only use from December to February. The other nine months out of the year, they look for tenants to rent the condo from them. It doesn’t matter if they rent it to one person for the whole nine months or 25 different people within the nine month period. As long as they are receiving rental income, it is considered an investment property.
Pros:This is a two- to four-unit house or building. The small multifamily is the most common type of investment property for beginners. It can be an owner occupied property or all units can be occupied by tenants.
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This investment property is made up of five or more residential units. Apartment complexes fall under this category. This type of property can also be owner occupied (although not as common) or all units can be occupied by tenants.
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A mixed use property is a property that is used for a combination of residential and commercial purposes. This type of property is often seen in urban areas.
For example, it can include a combination of apartments and stores, such as a three family with a Laundromat on the first floor and two apartments above it. It could also be a combination of offices and apartments, for example, a 25 unit building with a real estate office on the ground floor and apartments above it.
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This can include one tenant (a company) or multiple units (offices) for multiple tenants (companies).
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Tammy Broxson is the Broker Owner of Broxson Real Estate Group, a boutique real estate brokerage in Florida. Tammy is also a State of Florida Real Estate Instructor and a mentor to other real estate p....
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