In a recently published article on Yahoo Finance, the 30A area was named one of five locations in the United States where buying a vacation property could be a great investment. Owning real estate is a historically successful way for people to build wealth, particularly when the investment is located in an area where rental income is reliably generated.
Written by John Csiszar, the article specifies that real estate investments can be sources of both long-term capital gains and immediate cash flow. In order to achieve the best return on your investment, properties should be purchased in areas with popular rental markets where rental income can exceed the mortgage on the property while the property continues to appreciate in value. Csiszar pinpointed five national locations prime for this possibility including 30A (FL), Mammoth Lakes (CA), The Poconos (PA), Windham (NY), and McGaheysville (VA).
In regards to 30A, Csiszar explains:
The term “30A” isn’t known to much of the country outside the Southeast, but it’s a huge rental property area with room to grow. “30A” refers to the stretch of highway between the popular resort towns of Destin and Panama City, Florida, and it’s dotted with small communities full of charm and gorgeous views right on the sandy beaches of the Gulf of Mexico. While flanked by touristy towns overrun with people during peak season, the small communities of Santa Rosa, Rosemary Beach, Seaside and others ooze small-town charm yet still maintain the strengths of the industry, namely gorgeous beaches, delicious seafood and friendly locals. As more and more visitors desire “authentic” travel experiences, places like 30A are well-positioned to be great investments.
To read the complete article on Yahoo Finance, click below. Contact us today or search our website to learn more about current opportunities for investment properties.