Since I have run into your question on 2 sites, I decided to do a search and have picked 10 units along the beaches from Hallandale to South Beach that are 2 bedroom, well maintained, and are in buildings that I know are finacially stable. I included a few a little bit further from the beach, but only a quick 5 minute car trip, just to show you what you can get for your money.
Here is the link:
I did not include unnaproved short sales, for reason which I would discuss with you. If you were to delve into the distressed property maket there are better ways to approach it than an unnaproved short sale.
I hope this helps you to get an idea of what is out there,
South FL. Brokers
There are many places in Miami Beach where you can get a great property for a very good price. Please let me know what your 'must haves' are so that I can send you some properties in the area. In the mean time, please feel free to browse my site http://www.jlorealtor.com to begin your search.
Thank you and I look forward to helping you out!
You have a lot of nice place in Miami for investment.
On south beach, you can find a lot of condos very interesting for an investment between the 5th and 20th street like "The Mondrian", "The flamingo....
Downtown is also a good place for investment, a lot of families rent in Brickell.
Can you give me more information about your research (budget, s.q, bedrooms...) ?
HAve a good day
I am a Realtor on Miami Beach and live here as well..I am also a Pet Owner and have knowledge of Pet Friendly buildings here in the Beach- There are many questions to pose and to answer by you, all points previously mentioned are good- but let's make this simple-
First, what you should think about -all specification/requirements of what you think you would like to have in the property
Then, do You see this property at some point a place for you to use
and the best way to decide and really look at it, is too see different properties and the costs of those properties...to narrow and clarify all the different sceneraios.
You see the Beach is the Beach- anywhere you go it is good- however, different areas cater to different people and the needs of those persons..
It is Simple...let's not complicate things so much!!
Call me to speak to me about a plan of action if you are ready!!
Thank you Again for a great question!
While the Miami Beach area is not my main area of sales, I have done a few sales this past year and of course there are many factors you will want to take into consideration, some of which have already been mentioned. With a budget of $250k, if you are looking for a 2 bedroom you would need to go further up Miami Beach north of 60th, however if you are looking for a 1 bedroom you would have quite a few posibilities. When looking on the beach, buildings that offer onsite/assigned parking would be your idea, as street parking on the beach can be quite burdensome. The other factor to consider, whether you are paying all cash or financing part of your purchase, is the financial soundness of the condo association. With all the problems with foreclosures there are many buildings that are not in a good financial state, you will want to check that out as one of the top priorities. Also would you be looking for a high rise or a smaller older building, the diferrences here would be the amenities and the monthly association payments varying dramatically. I know of a few smaller buildings that are , what I consider hidden gems, but are no frills buildings. Your best best is to find a realtor you can speak with and establish a working relationship with, and that agent can send you information on a variety of condo currently available, and as new units hit the market you will know the very same day. Good luck in your search, if you have any questions please feel free to contact me.
RE/MAX Advance Realty
Please call me at your convenience on 305.815.0880 and we can help.....
We have a large amount of experience in investment property.
ONE Sotheby's International Realty
There are several things you need consider besides the location, like how much are you actually paying for the property, if you're buying cash or financed... what's your ultimate goal? Do you want to become landlord? or just buy and hold the property for a few years until appreciate?
When thinking about investments is not just about the location, you have to see the whole picture and establish your goals, then analyze what's the best option to get there.
If you want to have a more in depth conversation, please feel free to contact me, I can certainly help you to reach your objectives.
Florida Gold Realty
Thanks for the great question!
The options are endless, but can be narrowed down by several factors. the building must allow rentals the first year of ownership (most do, but there are exceptions), and your price range.
Any location within walking distance to the beach is good, directly on the ocean is great, as far as rental return goes. You also have to take into consideration the maintenanfe fee monthly, which can seriously impact your return rate.
I really feel the 'NOBE" are is the most up and coming and has some moderate to upscale properties, some brand new and some a little older but in great condition. That area is the very center of Miami Beach, between 60th and 80th St.
My company web-site below is a great tool, and will direct to Nobe by name, bvut certainly Surfside, and South Beach are good as well, but take a look to see what you can purchase for the amount you wish to spend, and give me a call to discuss.
Speaking with several realtors will give you and idea of their experience and customer service level. I would be glad to speak with you regarding your choices and answer any question.s Call or email me at your convenience and I will be glad to help you with you property search and selection.
South Florida Brokers