In this economy there are many year round renters Due to the financial situation many people will be renting. As the mortgages for new homes are harder to get.(check out this link to get an idea what is planed for the future:
In today's real estate market there are properties that ( now this is key) will have good long term return. You will not get rich quick but it can be a solid investment . If you have cash. It is a good time to find a good home to invest in.
If you are looking to purchase a condo in the Manahawkin Section,as an investements property they range from 1750.00 to 1950.00 a month- I am attaching a link to the rentals in the waterfront as well as condos
if you have any questions or wish to have me send you additional information- Please feel free to contact me
Patricia " PATTIE" Romano
RE/MAX At Barnegat Bay
31 North Main Street ( RT 9 )
eve: 609-978-5985 - till midnight
The Romano Team
Purchasing now is a very good thing. In the 45 years of my doing this real estate business, I have never seen the rates this low. Who would have thought you could borrow 100 or 200 or 300,000 dollars for 30 years BELOW 5%? The selection is great.
I have my own thoughts about condo rentals vs single family rentals.
Have a cool summer.