Great Real Estate Advice That Every Property Investor Should Know! What type of Wildwood Rental Property Should I Consider to Buy?

You hear many success stories about how investors create huge profits on commercial or rental properties.  Buying the right commercial real estate property and getting an in depth understanding of today’s Wildwood real estate market is the crucial element to  successful rental vacation properties or commercial investments.  The following real estate advice  will help in your endeavor for obtaining successful  investments that bring back an excellent return in profits.

How Many Wildwood Real Estate  Rentals Should I Buy?Searching for the right investment property can be very time-consuming. When comparing different real estate investments you one may want to consider  properties that have multiple units.  For example, if you only own one or two units they may not be rented all year.  The more properties you have the better chance you can have some tenants cover your fixed costs.  In addition, the more units you have to rent the more profit margin you can make on a single property than if it had fewer units.  Many investors will not consider purchasing vacation rental properties unless it has 10 or more units.  Currently and BlueOceanRealty.com we have the following multiple unit properties:

  1. Brigadoon Motel - Featuring 21 Units with 14 two bedroom, six one bedrtoom & one studio also a two bedroom owner quarters, beachblock, large pool, great location.
  2. West Wildwood Property Income over $100,000. 8 motel units, 6 are efficiencies and 2 are motel rooms with Jacuzzi tub. Outside shower, storage shed. Units are year round and rented through Social Services. High occupancy rate.
  3. Cumberland Trailer Park, 9/10 trailers currently rented for 410.00 per month per trailer. Situated on 4.81 acres.
  4. Renovated and upgraded income/investment property. 4 unit motel/apartments - located off Garden State Parkway exit #6 and Rt 9 near Home Depot and also off Route 47 on the way to North Wildwood! All units have been painted, new sheetrock, insulation, new roof, central air, vinyl siding and some are occupied with month to month or weekly tenants. Approximately $2700 monthly income. Separate natural gas meters, laundry room building.
  5. Avalon’s business district. This well maintained building features 11 units. Building is anchored by well established real estate business. Parking in rear of building. Condo fees $400.50 Quarter.

More Real Estate Advice Investors Should Know!
Are Remodeling or Repairs Worth the Investment?   Next Tip –>

More Real Estate Advice Investors Should Know! Are Remodeling or Repairs Worth the Investment?

Are Remodeling or Repairs Worth the Invsestment? Unless your commercial or rental property is new you may have to take some time making repairs to your investment.  All property investments are a great responsibility and it will only be good if you consider taking care of any repairs or remodeling. Do not get discouraged by the time needed to make updates or changes to your property.  In the long run it will pay off.  Don’t throw in the towel due to the massive hours needed. It will pay off in the long run. Ways To Make The Most Of Your Wildwood Real Estate Purchase is another article which can give you more information about things you may want to think about during any real estate purchase.

Every Property Investor Should Know This!
Online Advertising is the Key to Successful Paying Tenants.   Next Tip –>

Every Property Investor Should Know This! Online Advertising is the Key to Successful Paying Tenants.

Online Advertising is the Key to Successful Paying TenantsNow that your investment property has been remodeled or repaired your next goal is to attract paying tenants.  One of the best ways to get your property advertised is having a website represent your rental or commercial property online.   Every day people use popular search engines such as Google, Yahoo, or Bing to find rental vacation properties.  For example, someone may type into the Google search engine, “Wildwood Crest Rentals” and you would want your property to be listed on one of the websites that appears in the list.  BlueOceanRealty.com offers professional web site services to handle your rental property account online. To learn more about what rental services Blue Ocean has to offer please review our Wildwood Rental Property Management and Vacation Rental Management web page.

If you want to make money in the commercial or rental real estate business, you need to learn how to approach each sale. Remember the tips you have just learned from this three part article and apply them.

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Tips To Consider When Buying A New Home: First Prioritize Your Wants and Needs

What Should You Be Thinking When Buying A New Home

Wildwood, NJ Listings

There are many reasons why people purchase property in today’s marketplace. Whether they are staring a new life or or a new career, buying property is popular and can be a wise investment. More people are realizing everyday the importance of buying their property without having to deal with loan scams or other money-losing propositions. If searching real estate is something that interests you, there is no better time than the present now to learn more! Some good advice you should consider before getting into real estate.

Prioritize your wants and needs when working out any real estate purchase. Make sure you know all of your issues, and set your expectations for each issue. Establish priorities and let those be your guide in negotiations. Keep in mind that you cannot get everything you wanted in the negotiation; some issues should remain flexible.

Another Home Buying Tip to Consider:
Hire An Experienced Appraiser!   Next Tip –>

Another Home Buying Tips To Consider: Hire An Experienced Appraiser!

Research the types of homes that are in your neighborhood. This is essential, because you may not want to purchase the best and most expensive home. If you do, your own home’s value will always be reduced from what it should be because of the lower home values in your neighborhood.Hire An Experienced Appraiser! You Need Quality Advice.

If you are recruiting an appraiser to help with your real estate decisions, make sure they are experienced in the area you are searching. It is best to find someone that is independent or associated from your Real Estate agent. This will will make sure there is no conflict of interest. Always verify that your appraiser has their state certification or license.

What About Purchasing New Investment Property: More Research is Needed! Next Tip –>

Last Tip to Consider If You Purchase A New Investment Property: More Research is Needed!

Always Research! Your Vacation Rental Property.

Featured Wildwood Rental

Research all available properties and analyze them previously before buying one. If you are considering a vacation rental property, evaluate the following items before signing any closing documents. Sustainability is the first one. How is the condition of the vacation property and how much upkeep will it require in the near future? The second key feature to consider when researching an investment property is its location. For most rental properties, location is the most important item to consider. You need to make sure that your property is near popular attractions or business services that that potential vacation or business tenants will want to rent your property. The third item to know is what the going rental vacation rate is in the area you are buying. This is a key difference from locating properties based soley on the location. The rental income is important to know so you can cover your mortgage and other related expenses. If the rental income is too low then you will not benefit from become a property manager in that area.

You should now be able to see why real estate is a popular career or hobby. Various methods of doing this exist. In addition, lots of information exists for how to properly research and purchase Wildwood Real Estate. Utilize the tips in this three part article, and you will quickly find yourself becoming capable of making smart real estate buying decisions.

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