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Miami has been a great city for investors for several years now. The casino project might or might not become a reality and it is so far down the road that it really should not even be a factor in your decision.
Inventory that gives a good return on your investment sells very quickly and it will not be found around the
casinos areas, you have to look further south in Miami Dade or north in Broward. It is a great time to purchase a property in Miami given the lower prices, for a consultation feel free to contact me.
District Sales Manager Assistant
The Keyes Company
2423 Le Jeune Road,
Coral Gables, FL 33134
There are already some casinos here in Miami, both in The Hallandale and Hollywood areas. There are many condos in these surrounding ares.
With or without casinos the area is extremely desirable for investors, with the idea of holding a property and renting it. We actually have a shortage of good rental properties in the area, mostly because of the foreclosure situation in the past few years. All of the displaced owners and tenants now need a place to live.
There are many factors to consider when looking at property for rental purposes, as well as if you are a cash or finance buyer.
I would be glad to assist you and to anser any questions regarding your options. I have helped many others who are now successfully renting their properties and having a good return on their Investment.
Feel free to contact me at your convenience and we can see what options are best for you.
South Florida Brokers.
The casino project is years down the road, if it ever happens. Even if were approved today, it would be years before it was built, meaning that your funds would be tied up in a less-than-decent ROI property. If your target is the workers, it is highly unlikely that they would be able to afford to live in proximity to the casino; they would be more likely to live in Western Dade or Broward Counties. The properties close to the casino would very likely be over-budget for them, unless you count the older buildings along 8th St and Flagler. Those might be affordable, but not very desirable.
If you want to invest in income property, better to find something in an active area that will produce good ROI