I have about 100,000 dollars cash to invest to earn rent. which area around ( i live in Viera,FL) should i consider and what type of property?

Asked by Qunlucy, Rockledge, FL Mon Jul 12, 2010

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Devinkahle, , Seattle, WA
Wed May 2, 2012
If you are still looking I am looking for a partner for a hotel purchase. The property currently profits 95,000 after everything, including the loan. Let me know if you are interested.
0 votes
McCoy - Free…, Agent, Cocoa Beach, FL
Fri Jul 23, 2010
The answer to your question depends on your short/long term financial goals. The majority of investors I work with prefer to invest at the beach. There is good short and long term potential in condos and single-family homes. If you want to discuss specific ROI, please contact me at 321-693-1694 or visit http://www.brevardrealtyconnection.com

Thanks,
Bobby Freeman, CDPE
McCoy-Freeman Group - Over $130 Million Closed in Brevard
RE/MAX ELITE
0 votes
Lori Hurwitz, Agent, Satellite Beach, FL
Mon Jul 12, 2010
It would depend on whether or not you would like to hold this for a long term rental and are not overly concerned with great appreciation, or if you are more interested in getting a property that is very undervalued due to distressed circumstances or many foreclosures in the community, and hope to hold for a shorter term and resell at a good profit. It also depends on whether or not you would like to have fewer potential repairs/maintenance issues to worry about, such as with a condo or townhome, or if that doesn't matter. If you go the condo/townhome route, I would look Beachside or Suntree/Viera where there are great bargains, it's fairly easy to rent out, and rent prices arew pretty good. If you rather go the house route, I would ideally look to be in one of the top school districts because many renters looking at houses have children and are concerned about schools.

Beachside and Suntree/Viera rentals seem to move pretty quickly.

There are numerous homes for sale in Palm Bay in your price range, ut there is also a huge inventory of rental homes there too.

Please contact me if I can be of any assistance.



Lori Hurwitz
Paradise Properties of Brevard
Multi-Million Dollar Producer
Designated Relocation Specialist
Licensed Realtor since 1994
Cornell University, B.S. in Statistics and Biometry
University of Michigan, M.S. in Biostatistics

321-544-4382 (cell)
lorihurwitz@bellsouth.net
http://www.paradisepropertiesofbrevard.com
http://www.linkedin.com/pub/lori-hurwitz/17/34/391
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