Home Buying in Miami>Question Details

Enzo, Home Buyer in rome,italy

I AM COMING IN april to buy stgh in he 300k range,basically for investment,cash .Better a traditinal property

Asked by Enzo, rome,italy Thu Mar 20, 2008

or a condotel,and Coconut grove,South Beach or Sunny Isles,Where is better?

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11
Try coming to the Texas Coast. Extremely affordable and booming! Mustang Island, Padre Island so many investments to choose from. You want sun and fun in the sand? We have it! The appriciation of property is 7% return. Texas has been rated the number one in growth an best place to live. Shop and compare, you will see a major Big differences.
0 votes Thank Flag Link Thu May 8, 2008
Depends on what you are expecting in return? As you know there is currently a condo surplus, thus making rents lower. Will you be financing or paying cash in full? I specialize in Miami Beach, Wynwood and the Biscayne Corridor. I have many commercial opportunities and a few good condo deals with income already coming in. If you are an all cash buyer then a condo hotel would be decent if it is priced under $200,000, otherwise the return does not outweigh the amount of money invested. I personally like work-live condos as they give you many options for income both residential and commercial. Please contact me directly to view my list of inventory. Thank you, Ty 305-502-7103
0 votes Thank Flag Link Tue Apr 29, 2008
Are you looking for a property you can use on occasion when you come over-then go with a condo hotel. You can rent it by the night and use it when ever you want if you tell the rental agent ahead of time. Check the rules to make sure of the details. If you are buying a house look for an established community then new construction. I would be happy to help you-Pam Mayers-EWM-305-216-5864
Web Reference: http://www.pammayers.com
0 votes Thank Flag Link Sat Apr 19, 2008
Dear Enzo,

The answer to your questions depends on many factors. The best thing you can do is to locate a local Realtor who knows the area and is familiar with real estate investment.

I am very familar with investing and would be honored to help. Please feel free to call or email me if I can be of service.

Kind regards,
Diane Vespucci
REMAX 100 Realty
904-347-3957
DianeVespucci@aol.com
http://www.DianeVespucci.com
0 votes Thank Flag Link Fri Apr 18, 2008
Enzo,
I sure hope to hear from you. Marian Schaffer, The Schaffer Realty Group, marian@marianschaffer.com
http://www.marianschafferrealty.com
We had replied earlier and we notice that your question has not been addressed yet.
0 votes Thank Flag Link Fri Mar 21, 2008
"Cash is King"
the banks know it,
make sure you get a great deal

good luck
0 votes Thank Flag Link Fri Mar 21, 2008
Enzo-I would decide whether you want a condo or a house. The condo market is still going down and there is more risk there than a house. A condo is good from your vantage point because they keep up with the upkeep. Look into condo hotels. You need to put 20% down, which is not a problem with cash, but they can be rented out all year and it is usually easy to pull them out if you come over. Call me if you have any questions-305-216-5864-Pam
0 votes Thank Flag Link Fri Mar 21, 2008
Hi Enzo, It is a wonderful time to buy property in the United States at this moment simply because of the powerful Euro in comparison to the Dollar. And we are seeing many investors from abroad coming to Miami and purchasing great properties. With that said, Miami has some wonderful areas both along the Atlantic Ocean (from Miami Beach to Sunny Isles, Golden Beach and further north) as well as along Biscayne Bay (Coconut Grove, Brickell, Miami Shores, Aventura, etc). What will determine where you should purchase will depend on your lifestyle as my colleague Ramesh answered earlier. If you want an active nightlife, walking distance to shops and entertainment, then Miami Beach and Coconut Grove are wonderful. If you want a more relaxing atmosphere then Sunny Isles or Aventura are choice. If you have been to Miami before then I'm sure you have distinguished that all areas are unique in their own way. If you have not been here before I would like you to take a look at a few websites which will help you.

http://www.greatermiami.com
http://coconutgrove.com
http://www.miamiandbeaches.com

Lastly is my own website which will help you searrch for properties and prices in any of those areas:
http://josegomezfl.sef.mlxchange.com

Perhaps when you come to Miami we can get together. I would love to take you around our great city and help you out in any which way possible. Also, in May (May 7th) I am flying to Rome and maybe you could do the same in your beautiful city. Lets keep in touch. Jose Gomez - Miami Realtor - The Keyes Company
0 votes Thank Flag Link Thu Mar 20, 2008
Where you find the best suitable property for your needs is best.
Usually, for absentee owners, condo or condotel makes sense.
0 votes Thank Flag Link Thu Mar 20, 2008
Enzo
ANy of these areas are reasonable to consider. I'd like you introduce you to other opportunities that are available that we think are very good investments. Email us and lets narrow down your lifestyle choices and goals.
Look forward to hearing from you
The Schaffer Realty Group
Marian Schaffer
marian@marianschaffer.com
http://www.marianschafferrealty.com
0 votes Thank Flag Link Thu Mar 20, 2008
I think any of those areas are good for investment, but the Grove and South Beach are better than Sunny Isles, because they have a lot more to offer lifestyle-wise.
When you say a "traditional" property, please explain what you mean. I'm available to discuss this via phone, or best, from where you are, email: rams. homes@gmail.com
Thanks
Ramesh
0 votes Thank Flag Link Thu Mar 20, 2008
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