Investment Benefits of Owning a Rental in Key West

 

KEY WEST, Fla. - April 25, 2016 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell BankerSchmitt in and owner of www.lowerkeys-homes.com,"Everyone knows the Federal Reserve is beginning to raise interest rates, but, mortgage interest rates are still near historical lows. Combined with still affordable home prices, and, the fact that buyers are a bit skeptical, means now is a prime opportunity to owning a rental in Key West. Aside from timing, there are several benefits you can enjoy:

● You build more wealth. When you have real property in your investment portfolio, you have a real asset. It's not about speculation, like commodities such as gold, silver, oil, and others. In other words, real estate is much more steady and its historical trend clearly demonstrates it gains significant value over time.

● Tax deductions are available. When you own a rental property, you are able to take advantage of certain and helpful, federal tax deductions. These include things such as mortgage insurance, business related travel expenses, operating expenses, utilities, insurance, and other write offs.

● Property values will only rise. Because there's a finite amount of land in Key West, your rental home will only continue to rise in value. Add to it the fact it is in a destination location, and, that valuation phenomenon is more substantial than the average landlocked home.

● You create an income stream. A Key West rental will generate a passive income source for you and your family. As the mortgage amortized, your fixed costs shrink in relation to market dynamic rental rates. That means a larger margin, which means more money in your pocket.

● It provides a dedicated vacation spot. Another benefit of owning a rental in Key West is that you don't have to rent it out every day of the year. You can personally enjoy a dedicated home away from home, and give the same experience to vacationing family and friends.

Yet another benefit is that you can retire and move into the home full time, continue to rent it with an amortized mortgage, or, sell it for a big return on investment. It's really up to you what you'd like to do with the property in the future. But, one thing is for certain, owning a rental in Key West is a worthwhile investment. For help with Lower Keys Real Estate please see http://www.lowerkeys-homes.com

Contact
The Mullins Team
***@bellsouth.net

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All About Living in Old Town Key West

 

KEY WEST, Fla. - June 13, 2016 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell Banker Schmitt in Key West and owner of www.lowerkeys-homes.com,"Part of the west side of the island of Key West, the southernmost point in the United States and the end of the island chain of the Florida Keys, lies Old Town, which is considered a historic district.

The central business district is located here along with many visitor destinations. If you're considering moving or relocating to the area, you should know a few things about living in Old Town Key West:

● Life is laid-back and quite easygoing. As you would probably guess, life here is laid-back, with easygoing people everywhere. The pace is slow and the locals and visitors really like it that way. It's the opposite of the busy big cities, without nerve racking street noise, loud, screeching sirens, and traffic congestion.

● Come as you are causal is typical attire. Another common conception about Old Town Key West is there's no need to dress up and people go about their day in come as you are causal attire. It's true because there's no one to impress and it fits well with the slow pace of life. It's not just part of a lifestyle, it's also reflective of the state of mind.

● The weather is warm and wonderful. It's certainly no secret the Florida Keys enjoy some of the best weather in the nation and even worldwide. Though Old Town Key West is located at the southernmost tip of the Sunshine State, the weather is remarkably consistent. While warm, there's always a breeze gently gliding through, making it very comfortable.

● There is plenty to see and do here. Fishing, boating, sailing, snorkeling, diving, beach strolling, sunbathing, and so much more are all here, on-demand.

Last but not least, getting around is very simple to do. Most locals ride bikes because the island is small and easy to navigate. It's just part of the easygoing lifestyle that is Old Town Key West.

Fred Mullins, P.A. holds an MBA, B.S., real estate license United States Coast Guard Master Captain's license and commercial pilot's license. With over 20years of cross functional experience in real estate, international asset management and construction management, Fred's experience places him as one of the top real estate professionals in the Florida Keys.For help with Lower Keys Real Estate seehttp://www.lowerkeys-homes.com

Contact
The Mullins Team
***@bellsouth.net

End

How Access to Cuba will Help Real Estate in Key West

 

KEY WEST, Fla. - July 25, 2016 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell Banker Schmitt in Key West and owner of www.lowerkeys-homes.com,"Access to Cuba will help real estate in Key West in a number of real yet still profound ways. Although Americans are still officially disallowed to visit the island nation for the sole purpose of tourism, there's plenty of wiggle room to be able to travel freely. That access goes both ways in some instances and this unfolding set of circumstances will have a positive impact on real estate in Key West.

How Access to Cuba will Help Real Estate in Key West

Though new, the lifting of the embargo is already showing positive signs. American businesses are planning ahead for potential market share in Cuba and once this begins to happen, Key West will play a central role. As everyone knows, the tiny island nation is just 90 miles away from Key West, a few hours by boat and a very short flight. With practically no barrier in-place, trade will flourish and that bodes well for Key West real estate. Property values will rise and homeowners will enjoy increased real prices from which to profit.

Here are some ways how access to Cuba will help real estate in Key West:

● Attracting more Europeans and other foreign property investors and buyers. For Europeans and other foreign nationals, Cuba isn't off limits and it's a vacation destination. It's also a very short distance from Key West, and as the island nation becomes infused with more trade money, infrastructure improvements will help to modernize Cuba. During the long transition, Key West will be even more of a destination location, increasing tourism and the real estate market will continue to enjoy the positive benefits.

● New cruise ship ports of call going to a from Key West. As relations normalize, cruise ship companies are already planning to include Cuba in their travel itineraries. That also increases trade and puts a positive spotlight on Key West.

● Increased commerce and trade with the island of Cuba. Trade and commerce are remarkable in what can be accomplished. As the two countries trade through goods, services, and tourism, more travel dollars will flow into Key West, bringing more jobs and opportunities, effectively helping the real estate market thrive.

● Few comparable residential real estate properties. Wealthy Europeans already visit Cuba but the residential real estate is quite inadequate and dated, there are no real comparable properties. Since Key West is such a short distance and has a vibrant real estate market, it will become all the more attractive to foreigners wanting a vacation property or even primary residence in the United States.

Fred Mullins, P.A. holds an MBA, B.S., real estate license United States Coast Guard Master Captain's license and commercial pilot's license. With over 20years of cross functional experience in real estate, international asset management and construction management, Fred's experience places him as one of the top real estate professionals in the Florida Keys.For help with Lower Keys Real Estate seehttp://www.lowerkeys-homes.com

Contact
The Mullins Team
***@bellsouth.net