When choosing what type of income property investment to make, you should be aware that 19% of home sales are attributed to investors purchases! According to a report by the National Association of REALTORS®, 59% of those residential sales are single family homes, and not condos or duplexes for example. About a third of those sales are outside the city, especially in township communities.
Of course, some choose to create their wealth with large, multi family projects in busy city areas, but many choose single family homes in the quieter areas of suburban neighborhoods. In our market, another option to consider is a vacation rental with so many beautiful beaches and lakefront available. It could become a future retirement home, as seasonal guests payoff the mortgage for you.
Whether you choose single family homes, duplexes, condos, vacation rentals, multifamily or large development projects, we are here to assist you in finding the right fit.