Are Investment Properties on Marco Island Worth it?
Posted by Guy Amato on
Investment Properties
Are investment properties worth it?
There’s a big difference between owning your own home to live in and owning an investment property. An investment property is a real estate asset you use only for investment purposes. You must occupy a property for at least 14 days or 10% of all the days the property is rented to call it a residence. If you occupy it less, you’ll need to claim it as an investment property on your tax returns, according to the IRS.
An investment property is also not a fix and flip, which is when you buy a property, renovate it, and hope to sell it for a premium. These projects can be profitable. You hold them for a shorter time than you would an investment property. An investment property is held with the…
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