In our previous post we noted the development of an
interesting real estate trend in the Destin, Florida area. Entrepreneurs are
flocking to the Florida Panhandle’s Gulf Coast in search of new business
opportunities and a fresh start. Seeking to combine a lifestyle change with
ready-made jobs, these new Destin transplants are as interested in escaping the
economic gloom up north as they are the frigid weather.
Destin’s gorgeous white sand beaches, warm weather, and access
to the Gulf of Mexico, coupled with its location close to major air, land and
sea transportation routes have attracted real estate investors to this grown-up
fishing village for decades. Beautiful South Walton vacation properties and
beach homes often draw investment dollars; but the latest influx of Destin real
estate investors is honing in on small business opportunities that offer the
advantage of ready-built income.
The Destin real estate market offers many excellent and
potentially lucrative investment opportunities. Experienced Destin property
investment Realtors [http://www.gulfcoastrealestatesales.com/about.php ] offer the
following tips to first-time real estate investors:
- Partner with an expert
Destin real estate agent at the outset of your search for investment
property. A Realtor with long-term experience in the Emerald Coast real
estate market will be able to direct you to properties that meet your
investment qualifications, saving you time and money.
- An experienced Realtor
will also be familiar with short sale, foreclosure, auction and other properties
that offer exceptional values for Destin real estate [http://www.destinrealestatesales.com/idx/search_saletype.html
] investors.
- Determine what kind of
investment you want to make. Do you plan to keep and use or rent the
property or fix it up for resale?
- Get advice from the pros.
In addition to an experienced Destin property investment Realtor, you should
talk to an accountant about options for structuring and financing your
investment.