Investment Property in Sarasota FL
Investor interest in Sarasota real estate remains high. So why not follow the leaders? Hedge funds, most notably Warren Buffet, are buying single family homes to hold, produce cash flow, and sell later when the property appreciates. Why? Condos are a dime a dozen, have increasing carrying costs (association fees), and do not appreciate as rapidly as single family homes. Depending on the area, condos also compete with shiny apartment complexes with fitness facilities and resort-like pools. It's harder to park a boat or a 2nd or third car at a condo, or have pets as a tenant. I've been saying all along, single family homes are the best bet for finding a quality tenant quickly and holding for appreciation. Appreciation is highest for single family homes as close to water (beach, bay, or intracoastal waterway) as possible. It does not matter at all if the home has stainless appliances, a tile mosiac backsplash, travertine floors or a walk-in close...