Boca Raton Investment Properties: Is It Better To Lease Or Sell?
Commercial real estate investors in Boca Raton, FL are generating revenue in a very lucrative property market. However, there is a crucial question which always needs to be discussed when looking at Boca Raton investment properties, and that is if it is more profitable to lease to tenants or sell to buyers?
Boca Raton Investment Properties For Residents
When we discuss investment properties in Boca Raton, we are specifically talking about town houses, condos, single family, and multifamily structures. These are all in abundance throughout the area, whether they are built from the ground up or purchased for a renovation project. How the property is being used determines what sort of flooring and fixtures go into a place, and also helps to guide the spending budget.
Selling Investment Properties
Selling Boca Raton investment properties is primarily the domain of the house flippers. House flippers purchase homes below market value, make some renovations, and then sell those properties for a profit. The process is very simple. When purchasing a home to sell, it is always a good idea to go a little on the upper end for things like flooring, paint, cabinets, and fixtures. Those items help to bring up the sale price, and most potential buyers are looking for something aesthetically pleasing, and comparable to a move-in ready home they might see in a magazine or on HGTV. Selling a house give property investors a large sum of money at once, part of which can be placed in the bank, while the other portion can go into the next project.
Renting Investment Properties
Renting out Boca Raton investment properties may not offer the “all at once” haul of selling a house, but it does have its own advantages. First is that rent is ongoing, and can bring in more than the price of a house over time. Second, more units will yield more revenue and provide a financial buffer. In a single family rental, if the tenants move out, revenue dries up. With multiple units, if a tenant leaves, there is still revenues coming in from the other apartments. If the property is owner occupied, then the property offers depreciation and maintenance tax write offs.
Corporate Funding offers a wide range of solutions to financing Boca Raton investment properties easily and affordably. Whether you decide to rent or sell, our team will help you every step of the way.
