2023 is a tumultuous year for the real estate market. The good news is that it's still a great time to expand your investment portfolio with real estate, which tends to appreciate in value more than other assets.
Becoming a real estate investor in Fort Walton Beach is an excellent choice. Okaloosa County is one of the most desirable places to live for both young people and families.
If you don't have any properties under your belt, you probably have no idea where to start. That's where we come in.
Read on to learn how to invest in real estate in Fort Walton Beach.
Research Neighborhoods
Fort Walton Beach is home to some phenomenal neighborhoods, from Kenwood to Ferry Park to South Bayou. Unsurprisingly, waterfront homes (and homes within close proximity to the water) tend to go at a much higher rate than homes located in central Fort Walton Beach.
When you're selecting investment properties, you should consider how much you're willing to invest upfront. You should also consider what kind of renters or buyers you're hoping to secure. For example, if you purchase multi-family properties near Okaloosa Technical College, you can anticipate a steady stream of young tenants looking for a place to live for up to four years at a time.
Decide on Your Real Estate Investment Strategy
It's also important to decide on a real estate investment strategy before you start purchasing properties. Is your goal to flip fixer uppers or rent turnkey properties?
In 2023, renting may be easier than selling due to high mortgage interest rates and low demand. Fortunately, Fort Walton Beach's population is almost evenly split between renters and owners. That means that there are always eager renters living in the area.
Work With a Property Management Company
Most Florida real estate investors that own rental properties are interested in generating a passive income. In other words, they're not looking for a hands-on landlord experience. That's where property management comes in.
Rental properties require significant upkeep, from marketing available units to screening tenants to regular and emergency maintenance. Full-service property management is the most cost-effective way to create a portfolio of thriving rental properties.
All American Realty is a veteran-owned Florida real estate company that is here to support your investments. We can even perform a rental analysis for your investment properties to determine the best strategy for you.
Become a Florida Real Estate Investor in 2023
Are you ready to become a real estate investor in Fort Walton Beach? With All American Realty, you can expand your portfolio no matter where you live. We'll take your properties and generate the most passive income possible for you to enjoy.
Ready to learn more about our experience, services, and pricing? Contact us today and let us know what your real estate plans are for the future. We can't help to make your portfolio a winner.
