There are options I can work out for you, where the HOA fees are low and you will not be worry not living in the unit for good part of the year. I am a professional Realtor who knows what type of properties in the market are suitable for your needs.... more
My husband is a Russian speaking agent in Michigan. He can talk to you hand help you find a Russian speaking agent wherever you are interested in looking outside of our state. If this would be helpful to you, contact me through my Trulia profile.... more
I've lived in Hallandale Bch fr 11 yrs and think it's one of the best values cities around. Aventura is a very high demand area due to great schools/Aventura Mall, etc. It039;s a great time to buy foreclosures and and flip. Unfortunately, you'll have stiff competition fr cash buyers/investors who are looking for the same deals, and it will take a lot of leg work to find the right property...like finding a needle in a hay stack. However, it is possible right now to get some great deals.
If you're buying w cash and will have no mortgage, then perhaps the rental will cover the assoc.fees/taxes/insurance. If you're willing to keep & rent for 2-3 yrs, I think you'll make $ in the back end. I don't think this market is going to appreciate quickly enough for you to flip and make a lot of money right now. However, I have seen it done.
I'm a strong believer in ocean-front properties because there will always be demand. However, these take a higher investment.
Also, there are great opportunities to renovate older units and then sell. When a unit's been totally renovated and is eye-appealing, the higher the probability that it will sell.
And, there are FNMA and Freddy Mac properties you can purchase, remodel, and sell or rent.
checkout our short sale & reo tabs on our website. If anything looks interesting to you, let me know, and I'll be happy to show you or research the unit/building. Are you buying w cash? if you're financing, there are certain buildings that will not qualify for financing, so it needs research.
Or, I can set up a customized search for you based on your personal parameters. Feel free to contact me if you have further questions or needs.... more