SOLD
BROKER
SOLD
BROKER
Jersey Cape Realty Acquires Multifamily Property In Cape May For $1.24M
MultiFamily$165 PPSF7.5K sqf
James Zeitler
Real Estate Agent at Jersey Cape Realty
$3M
Sold
2
Closed
8K
Area
About
Always an investment minded realtor, Jim Zeitler can help you find a place to put your money that might help your overall portfolio. Your dream of owning a second home in beautiful Cape May will be one of the better investments that you would make, too. The strong rental market in Cape May makes it a unique place to invest your money. Obviously you would want to talk to your accountant, but with real estate, you have tax advantages that you just do not get with other investments. You just can't depreciate a stock every year to save on your taxes! Moreover, if you end up loving Cape May more than you think (and you will), and you want to sell the first rental house that you purchase and buy something a little closer to town or to the beach, you can participate in a 1031 tax exchange and forgo paying capital gain taxes while upgrading your rental property. You can also sell real estate that is not in Cape May and use this exchange as a vehicle to help you purchase your own place in Cape May.
Member since: August 2022