Long Beach Island, New Jersey is a great opportunity destination for investors. Over the years I have worked with several investors - investors that are buying property to use
Long Beach Island New Jersey Is A Great Opportunity Destination For Investors
Dated: May 31 2023
Long Beach Island, New Jersey is a great opportunity destination for investors. Over the years I have worked with several investors - investors that are buying property to use for rental income, investors that purchase “tear downs” or vacant lots for selling new construction homes and investors that purchase property for both rental income and personal use.
Owning an investment property on Long Beach Island (LBI) can offer several advantages to the property owner. Here are some potential benefits to consider:
Rental income: One of the primary advantages of owning an investment property on LBI is the potential for rental income. Vacation rentals are in high demand on LBI, particularly during the summer months. Renting on some “off season” weekends can also bring in some additional income – for example, one could rent out their property for Chowder Fest and Kite Fest on LBI. Both of the festivals are held in October, and in October we still see some great weather on LBI with many businesses remaining open. Although “off season” weekend rentals will not command as much rental income as the peak summer weeks, they can still be worth the rent. By renting out your property, you can generate significant income to help offset the costs of ownership, such as mortgage payments, property taxes, and maintenance expenses.
Tax benefits: Owning an investment property on LBI may offer various tax benefits, such as property tax deductions, mortgage interest deductions, and depreciation write-offs. These benefits can help reduce your taxable income and increase your cash flow. A conversation worth having with your accountant.
Appreciation: Over time, real estate on LBI has generally appreciated in value. Investing in property on the island can offer the potential for long-term appreciation, meaning your investment may grow in value over time . . .
For the rest of the blog post please visit my website email@example.com or email me!
Looking to buy or sell on LBI? Call me at 609-300-3899.
Latest Blog Posts
LBI Real Estate Weekly Sales Update 05/21/2023-05/28/2023Long Beach Island Real EstateLBI Real Estate Weekly Sales Update 05/21/2023-05/28/2023: There were a total of 45 changes in the
Looks like it is going to be a great weekend to celebrate Memorial Day here on LBI! Not only does the weather look to be holding up, but there are many ways to spend your time here. Restaurants
Can't decide between purchasing a Condo or Detached property? Check out the Venn diagram below comparing the two to help guide your decision. Visit https://www.explorelbihomes.com/ to learn