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Buying An Investment Property In The LBI Real Estate Market
One of the advantages of buying a home in the LBI real estate market is the consistent interest in summer rentals on Long Beach Island. The ability to rent a home not only keeps the LBI real estate market stable, especially in times of major economic trouble as we saw in 2008, rentals also provide an interesting investment opportunity. LBI rental investment properties offer the ability to purchase a home and generate immediate cash flow. With such a strong rental market, it is not uncommon to see the entire cost of ownership covered by the rental income. When considering the LBI rental investment property, it is important to understand not only the individual characteristics of the home but the greater LBI real estate market as well.