GENERALLY SPEAKING, THIS IS NOT THE MARKET TO BE CONSIDERING "FLIPPING." HOWEVER, THIS BEING SAID, OPPORTUNITY HAS THE ABILITY TO TAKE ON MANY DIFFERENT FACES.....THE OPPORTUNIST MUST BE ABLE TO MAKE THE DESTINCTION BETWEEN A GOOD RISK AND A BAD ONE TO BE ABLE TO SURVIVE THIS GAME.
THE "ECKLER TEAM"
CENTURY 21 ALMAR & ASSOCIATES
VENICE, FL 34285
On condos in Miami, a hold time of several years (plus a rental market flooded with unsold units) should be part of your entry and exit strategy. If that still sounds acceptable to you, picking a good local realtor in that specific market would be your next step.
All the best,
This would not be a good time in South Florida and probably not anyehere else. Besides the turmoil of the overall market if you were to make a profit there would be a 15% capital gains tax plus if you hold the property less than a year the profit becomes regular income on your personal income tax.