#6 Aspects to Consider When Purchasing Investment Property in the Florida Keys

  1. Location!  It’s no secret to YOU how magnificent the Florida Keys are.  And lucky for an investment property owner here, it isn’t a secret for the rest of the world either!  The Florida Keys, as a whole, are a Top Tourist Destination resulting in vacation and short term rental price increases.  Additionally, monthly and longer term rentals are also increasing in year round demand (not just the typical “high season” months of Jan-May).  Limited properties in general, drive up appreciation of rentals and overall home values year after year.
  2. Financing! If using financing to purchase, keep in mind you will have to bring more money to the table of an investment property…

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Pre-Approvals:  7 Things You Need to Know Before You Buy

Have you talked to a lender and obtained your Pre-Approval Letter?

  1. It’s important to talk with Lenders or Mortgage Loan Originators and find the one that best suits your needs. This is the FIRST STEP you should take before looking at properties to purchase.   

  2. When speaking with lenders, have basic financial information at the ready (think bank and other financial statements, tax returns, paystubs, security IDs etc). 

  3. Pre-Qualification vs Pre-Approval:  Just about anyone can get a general Pre-Qualification Letter.  If you really want to buy a property, push for a Pre-Approval.  This carries more weight for you as a Buyer, and is only given to those who show proof of…

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