West Volusia Real Estate Is A Great Investment
Real estate in West Volusia County is quite affordable in comparison to various parts of Florida. Orange City, DeLand and Deltona offer great real estate deals which would be suitable to lease or “flip.”
A Few Tips On Smart Investing
Once you decide whether you are going to flip the property or rent it out, you can decide where to invest.
If you are flipping a house, make sure you have extra money in the bank for repairs and/or renovations, as well as a few extra mortgage payments. Market times to sell a property may be longer than you expect.
Do not over-improve the property, especially when you are going to flip it. Chances are you will price the property to compensate for improvements. If a home buyer must obtain a loan, there is a chance your buyer may not be able to get approved for a loan.
If you plan on leasing the property, make sure and know tenant and landlord laws.
Hire a property manager!
Get expert advice!
Interested in buying an investment property in West Volusia County? Contact me, I would be happy to help! Allen Thompson lists and sells homes for sale in Orange City, DeLand, Deltona, DeBary and the surrounding areas!