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
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 a real estate attorney and accountant about options for
structuring and financing your investment.