Home Buying in Oceanfront>Question Details

Iulian, Home Buyer in Outside U.S.

I am interested in investing in a condo, max350k, and use it 6 wks/year (jan to mid feb), and rent out the rest of the year. which area you advise ?

Asked by Iulian, Outside U.S. Mon Sep 10, 2012

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Answers

37
Hi-

First and foremost I always recommend the beach. I think this area offers a lot of flexibility when it comes to owning and renting. There are always people looking for short term rentals as a 1 year lease is not always suitable. South Beach all the way up to North Beach offer the convenience of walking to restaurants, shops, and of course the beach which make this area extremely desirable. I would love to help you find exactly what you are looking for. I live in South Beach and have extensive knowledge of the area. Please feel free to contact me anytime.

I look forward to working with you,

Marc Middleton
Keyes Company
305.710.3422
2 votes Thank Flag Link Mon Sep 10, 2012
Hi Iulian,
You need to buy a condo with the following characteristics:
- No restrictions to rent
- Good location (beach) so you won't spend months to find tenants.
- Reasonable maintenance fees
- Modern building, as old buildings have special assesments (common repairs for the building paid by all owners in a condo) too often and that can turn a happy purchase into a nightmare !!

You see there are several important factors for a foreing national investor and do not forget you will need a Property Manager to take car of your property while you are out of the city.
We help foreign buyers like you to purchase properties and to manage them. Visit our site:

http://www.MiamiApartmentsAndHomes.com

Jose Guzman
Florida Realtor
English, Español, Français
Phone 786.370.3459
1 vote Thank Flag Link Tue Sep 18, 2012
I would love to help you find the perfect place. There are several areas to consider. I live on Miami Beach and know every building. On the beach my suggestion is to focus north of 41st street from Mid Beach north to Bal Harbour. Give me a call and i would be happy to tell you why. I have several buildings in mind to recommend to you that you would enjoy during your time here and could easily keep rented the rest of the year. There has never been a better time to purchase as Miami next boom has begun!
1 vote Thank Flag Link Mon Sep 10, 2012
Here is an easy link to my site which will keep you Up-To-Date on all Miami Condo Investment properties
http://www.miamihomestore.com/community/area/South%20Beach%2…
0 votes Thank Flag Link Fri Dec 27, 2013
Because you want to use the investment for a short time every year, I would recommend South Beach or Bal Harbour. Both areas are always in demand for short-term and long-term renters.

Contact me with any questions.

Samantha Tenzer-Friedman
(786) 314-6100
SamanthaTenzer@yahoo.com
http://www.TenzerSellsHomes.com
0 votes Thank Flag Link Thu Dec 26, 2013
I advise South Beach. It's a great investment and the demand for rentals is always here. The important aspect will be finding a condo that has some flexibility in their bylaws.

Michael DeFilippi
http://MDRealtyMiami.com
0 votes Thank Flag Link Sat Dec 14, 2013
Hello! Check our web Magicvillage.com
Feel free to email or call me if you have any questions!
Veronika Maslova
Cell:(407)4465907
Email: veronika@magicvillage.com
0 votes Thank Flag Link Wed Dec 11, 2013
0 votes Thank Flag Link Thu Nov 21, 2013
I own an oceanview condo, one bedroom one and a half baths plus a den, fully furnished, (modern decor), incl. all kitchen gadgets, in Miami Beach right across the street from the beach. Gym and storage rooms. heated pool, 24 hr. security, completely renovatef bldg. Will sell it for $339,000. Some photos on Trulia, 6450 Collins Ave. 12 floor, MB 33141. If you are interested email me at manter18@aol.com. Blessings, Teresa
0 votes Thank Flag Link Sun Nov 10, 2013
hello
I have some exclusive listing that i would like to show you.
Pease call me at 305-747-5347 so we can talk about your needs

http://www.gperealty.com/find-a-property-mls.html
0 votes Thank Flag Link Thu Oct 24, 2013
Sounds Great. Maybe try Brooklyn NY. THere are always renters there for the short term
0 votes Thank Flag Link Sun Oct 13, 2013
.Dear Lulian,



There are some good foreclosure properties in the different zip codes at the $350 k range.
Most lenders will want at least a 20%-40% downpayment for an investment property
,but the HomePath Program has only a 10% downpayment and sellers contribution up to 6%... a great deal .

You could get a 25%-50% loan but if you wanted 2 or more properties this HomePath Program would be th eway to go

If interested in finding out more contact me.


Michael Correra
Sales Associate
Florida Real Estate Instructor
Piquet Realty
305-992-9084
Michael@piquetrealty.com
0 votes Thank Flag Link Sun Oct 13, 2013
You can buy a condo-hotel with a private renting or a rental program that does not limit your stay and does not black out certain dates (holidays). That will give you complete freedom of choice there. You can also buy a house near the beach. You can get a condo that allows 30 day rentals.
Generally speaking, the near beach or walking distance to the beach is more desirable.

Hope this helps and best of luck,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Sat Sep 28, 2013
I'm guessing Lu;ian is long gone, since she asked this question last summer...
0 votes Thank Flag Link Mon Apr 8, 2013
Hello Lulian,

There are some condos in your price range that will allow to rent out short term.
Two of them are located in Sunny Isles Beach - the Floridian Riviera.

You can rent weekly, monthly, seasonally or the way you described.

Feel free to get in touch and I will provide the info for you.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Mon Apr 8, 2013
You have to go with a Condo - Hotel Type, and this is actually a great source of income, you can rent it furnished whenever you are not using it and charge per week, rates may vary by season and start at $700 per week, i actually have a client with a studio by Lincoln road and she rent it for $1500 per week and always occupied, i gave you a piece of the cake , lol, call me if you want the whole cake.

My best regards to you
0 votes Thank Flag Link Fri Mar 29, 2013
Fort Lauderdale is an excellent market for this. Please view our site and contact us for questions.
0 votes Thank Flag Link Fri Mar 29, 2013
Definitely Miami beach for short term rentals like that

You can check the available units on miami beach on this link http://www.gomiamicondos.com/info/sresults/20130328001317036…
This link updates daily as the MLS changes.

If you want to access Miami MLS direct visit:
http://www.Gomiamicondos.com
0 votes Thank Flag Link Wed Mar 27, 2013
Hi, My name is Gabriela Caceres, I work as a realtor in Miami , I recommend you South Beach because you could rent the apartment when you not using as a vacation rental. Im specialize in that area if you like please contact me an I will give you more details.
0 votes Thank Flag Link Tue Mar 26, 2013
North Miami Beach has a number of condominiums that allow these seasonal rentals and are within your price range, please view my website for listings!
0 votes Thank Flag Link Fri Dec 14, 2012
I know a few condos in Hollywood that allow you to rent month to month,which is unusual for most buildings. They are next to the Diplomat Hotel. Contact me and lets discuss.
Paul Heller
Prudential Florida Realty
19056 N.E. 29th Avenue
Aventura, FL 33180
954-559-6411 cell
305-749-1583 work
305-932-6355 fax

If you are looking to buy or sell property, go to my website at http://www.SoFlaBeachHomes.com
0 votes Thank Flag Link Mon Dec 3, 2012
We recommend 6039 Collins Ave. This building is older, yet it is on the ocean, and is right next to some very impressive real estate.
0 votes Thank Flag Link Fri Oct 26, 2012
Hi Lillian
I do real estate in south beach an brickell an the
Grove,an I have some really beautiful condos
For sale an rent call me 305 300 8540

Regards
Anthony Khouri
akhourirealtor@att.net
0 votes Thank Flag Link Thu Oct 4, 2012
Hi Lillian
I do real estate in south beach an brickell an the
Grove,an I have some really beautiful condos
For sale an rent call me 305 300 8540

Regards
Anthony Khouri
akhourirealtor@att.net
0 votes Thank Flag Link Thu Oct 4, 2012
North Miami Beach is an excellent location to invest. View our listings here!
0 votes Thank Flag Link Thu Oct 4, 2012
The American Carribean...Key West! A beautiful tropical island, 2 miles by 4. Only city in the US that's never seen frost. Check out my blog on Key West: http://www.trulia.com/blog/jim_olive/2012/06/key_west_the_am…
I've lived in several parts of Florida, and there's none better than here. Prices are a bit higher than average, but well worth it. With $350k you can get a decent condo and the rental market is strong to keep it full when you're not there.
Best of luck in finding the perfect place for your second home...Jim
0 votes Thank Flag Link Wed Oct 3, 2012
Lulian,

Some of the market areas I would suggest are:

Miami Beach
Brickell
Downtown Miami
Sunny Isles Beach
Aventura


Luis Iglesias
D & I International Realty
Principal Broker
(786) 395-0341
luis@luisiglesias.net
http://www.luisiglesias.net
0 votes Thank Flag Link Wed Oct 3, 2012
Hello: Have you ever thought about Hollywood Beach? Canadians, the #1 foreign buyer group are snapping up oceanfront condos here and have re-discovered the value you get compared to South Beach -- more space, peace and a bit more luxury for a price range of up to $350K.

And SOBE is only a quick 15-20 minute drive away. Rentals are in high demand-- in fact there is a shortage. Intimate resort-style buildings like "The Residences" in zip 33019 that have been remodeled about five years ago are just one example of what you can get in your price range.

We offer free "video walk throughs" (a video that shows the property to you so you can get a good sense of the living space without even going there) for those out-of-towners who already know what they want so let me know if you have something in mind or if we can guide you in the right direction.

We can help you find property anywhere on the water in Miami, Miami Beach or Hollywood/south Broward!

Andrea Crilly
Realtor/Broker/Owner
Hybrid Realty Group, LLC
305-333-5345
info@hybridrealtygroup.com
http://hybridrealtygroup.com
0 votes Thank Flag Link Thu Sep 20, 2012
HELLO, I SUGGEST BUILDINGS WITH LOW MANTEINANCE FEES TO BE ABLE TO GET A REASOANBLE RETURN AND THAT DONT HAVE RENT RESTRICTIONS, SO YOU MAY RENT IT A COUPLE OF TIMES A YEAR, I HAD HELPED MANY INVESTORS BEFORE AND WOULD BE GLAD TO HELP YOU AND SUGGEST DIFFERENT BUILDINGS AND AREAS, FEEL FREE TO CONTACT ME ANYTIME BY EMAIL OR TO MY DIRECT LINE, OR YOU MAY VISIT MY WEBSITE AT http://www.costamiamihomes.com
THANK YOU!
REGARDS,

Maria Natalia Ortiz Ladenheim
Real Estate Consultant

Direct line: (786)2632609
lovecolive@yahoo.com

http://www.costamiamihomes.com

Skype: natylade

E-Fax: 1-888-419-1542

Miami Riviera LLC
0 votes Thank Flag Link Tue Sep 11, 2012
Hi Iulian,

It all depends on what you are looking for when you visit. Preferred areas if you are looking for condo close to the beach are Miami Beach, Aventura or Key Biscayne.

If you are looking for a more urban feel, Brickell/Downtown/Midtown or Coral Gables might be your choice. The rental market is strong in all of those areas.

I specialize in helping buyers - many of them being foreign nationals - to find the perfect property and to guide them through the process of buying.

I would be happy to help you, too! Feel free to contact me anytime with any question that you might have!

Kind regards,
Ania Lenzholzer
Coldwell Banker Residential RE
ania@biscaynebay-realestate.com
0 votes Thank Flag Link Mon Sep 10, 2012
You look at Downtown Miami, Brickell, and Miami Beach there are array of properties to view. Look forward to hearing from you.

Thank you,
Tamika Moses
Keller Williams Reallty Partners SW
954-404-4646
0 votes Thank Flag Link Mon Sep 10, 2012
Sunny isles or south beach oraventura
Any of these are great upscale areas
I can get these for u 305 300 8540

Anthony
0 votes Thank Flag Link Mon Sep 10, 2012
Hello Lulian
I can help you with this. You can contact me and I can send you some lkistimgs to view.

Thank you,
Tamika Moses
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
0 votes Thank Flag Link Mon Sep 10, 2012
Hello Lulian,

Please contact me , will be glad to help you find this condo for investemnt and using 6 weeks out of the year.
Please feel free to contact me at anytime.

James Loftis
561-284-8444
http://RealEstate911.com
0 votes Thank Flag Link Mon Sep 10, 2012
Lulian,

I would recommend Miami Beach and Brickell/Downtown both have very strong rental markets. Your realtor must know or check the rental policies of each building to make sure it fits your requirements.

Regards,

Kenny Raymond PA
The Raymond International Group
Prudential Florida Realty
Realtor/Associate
(786)443-9649 (cell)
(305)675-2695 (Fax)
kennyraymond@gmail.com
http://www.elitemiamiproperty.com
http://www.theaxisbrickell.com

SEARCH THE MLS LIKE AN AGENT FOR FREE:
http://www.kennyraymond.listingbook.com
0 votes Thank Flag Link Mon Sep 10, 2012
Hello,

My recommendation for you would be to purchase a property in Miami Beach, and to be more specific - in South Beach. The rental market here is a very active and Landlords are asking top dollar. There is high demand and not enough supply.

Should you have other questions please do not hesitate to ask.

With sincere regards,

Kasia Weszczak
Douglas Elliman
KasiaWeszczak@gmail.com
0 votes Thank Flag Link Mon Sep 10, 2012
Absolutely agree with this response. Avoid some of the other responses in regards to non beach areas. South Beach has the most potential especially with the short term renters. It's crucial the building you buy in has flexible condo restrictions.
Flag Sun Sep 16, 2012
Lulian
I have some really great condo's just let me know
Where in Miami u would like to be,call me at
305 300 8540 an we can make it happen.

Regards
Anthony
Fl Elite Realty
0 votes Thank Flag Link Mon Sep 10, 2012
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