Paul A. Libovitz-Broker Associate Beachfront Realty 305-949-9800
Well you have gotten a variety of answers!
As far as a rental property goes, you need to make your purchase according to the condo association rules, you cannot make your owen rules on your rental.
Some condos have a restriciton on renting immediatly, you must own for a year or more at some buildings.
And many have a restriciton on the lenght of time you can rent. Very few are monthly, more are 3 to 6 months and some are only annual.
There is nothing wrong with purchasing a property that allows annual rentals, as that is a more stable sitution. Remeber that there are high and low seasons in Miami and sometimes you will have vacancies and which makes it harder to predict your income on the property.
Miami Beach is great, but so are Hollywood, Hallandale, Surside, Sunny Isles and Aventura.
Below are a few condos that look great for the money!
Click on the link and then on the arrow at the top left to see all of the properties.
When you are ready to begin your search and to explore financing opportunities if neccesary, feel free to contact me for assistance.
South Florida Brokers
The possibilities are endless! You will buy the one which will give you the best and the highest positive cash flow! That means the best location for rental purposes, the best deal for the price, but also the one with the lowest monthly HOA dues or any other fees.
Give me a call at 305 335 0803, or e-mail me at email@example.com, you will get the best guidance on how to start up and build your investment portfolio, a rewarding portfolio.
Smart Growth Realty
305 335 0803
Oceanaire Realty Inc.
801 Arthur Godfrey Rd
Suite 400 Miami Beach
There are many possibilities!
WATERWAY REALTY, REALTORS
I think 200 is too much to pay for a condo as an investment property, if you are looking for a decent return on your money. Keep in mind maintenance fees in Miami Beach a re high which can take a toll on your return. As an investment specialist feel free to contact me for additional information. There's not enough I can write, but I can definitely guide you in the right direction.
Keller Williams Realty