Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Investment Properties in Miami : Real Estate Advice

  • All3K
  • Local Info256
  • Home Buying1K
  • Home Selling88
  • Market Conditions104

Activity 38
Thu Nov 6, 2014
Home Searcher answered:
You can look up the property for free at www.searchq.com
If you found a lien on the property, you can go to the assessor office to get detailed information or download a title search report at www.nextace.com ... more
7 votes 7 answers Share Flag
Mon Sep 29, 2014
Stefanie Bergmann answered:
There are many great neighborhoods that renters are drawn to. If you are looking for lower end properties with a good return on investment, I can tell you from experience that Miami Gardens, Opa Locka and West Little River are very popular.Hialeah is also great, but more expensive to buy.

What is your budget?
... more
0 votes 5 answers Share Flag
Thu Sep 18, 2014
pramosrealtor answered:
For First time investors , I recommend begin small , a condo or townhouse and see if you like the returns. Then graduate to bigger and better investments.... Many places in Miami that the monthly return will be much higher than your bank! ... more
0 votes 14 answers Share Flag
Mon Jul 21, 2014
Javier Olmedo answered:
Dori,

I think we are all intrigued with your case and are wondering what has happened.

Javier Olmedo
Keller Williams Realty
0 votes 3 answers Share Flag
Mon Jul 21, 2014
Javier Olmedo answered:
Dimple,

I am in Miami and have been here for over 34 years. Right now the Miami Rental Market is extremely hot. You have an amazing ROI in the hot spots like Brickell, Midtown. You can do even better if you move further West and do the suburbs of Miami like Kendall, South Miami.

Fell free to contact me on here so that we may discuss your Real Estate Needs and go from there.

Thanks,

Javier Olmedo
Keller Williams Realty
... more
0 votes 3 answers Share Flag
Tue May 6, 2014
David Siddons Group answered:
The Edgewater Area is very upcoming at this moment and ofcourse the Beach is always good. have a look at the Investors Guide to Miami 2014 which I wrote: http://luxlifemiamiblog.com/invest-in-miami/

Or call me on 305 508 0899
... more
0 votes 13 answers Share Flag
Thu Apr 17, 2014
Gloria Godales answered:
Sat Dec 28, 2013
Lazaro J. Suarez answered:
This property is still available, the terms considered are conventional or cash only, the listing price is $154550.00, you can contact me at 305 970 2911, my email address is suarezrealtor62@gmail.com, please do not hesitate to contact me, I can help you buying this property.
Rents for 1/1 in that area are in the range between 700 to 900
... more
0 votes 3 answers Share Flag
Mon Nov 18, 2013
Dagmara Sanchez answered:
I will recommend you to go for either short sales or regular sale as foreclosures will always sell for more than the listed price. Banks will always go for the best and high offers. good luck ... more
0 votes 8 answers Share Flag
Tue Sep 3, 2013
answered:
Hi Hope your doing well! Take a look on my new website as it has up to date re sales as well as all the new developments in Miami. The site is www.exquisitemiamiproperties,com.

Let me know what I can do to help you.

Thank you,

William Henderson
... more
0 votes 7 answers Share Flag
Tue Sep 3, 2013
answered:
Hi Hope your doing well! Take a look on my new website as it has up to date re sales as well as all the new developments in Miami. The site is www.exquisitemiamiproperties,com.

Let me know what I can do to help you.

Thank you,

William Henderson
... more
0 votes 8 answers Share Flag
Tue Sep 3, 2013
answered:
Hi Hope your doing well! Take a look on my new website as it has up to date re sales as well as all the new developments in Miami. The site is www.exquisitemiamiproperties,com.

Let me know what I can do to help you.

Thank you,

William Henderson
... more
0 votes 9 answers Share Flag
Sat Aug 17, 2013
Maria Diaz answered:
Matias, you can , but hurry up, price are raising very quickly. Good luck Matias.
If you want to reach me , you can do it at marilindiaz@gmail.com or by text
message to 3056390445. Best regards Maria de los Angeles Diaz ... more
0 votes 8 answers Share Flag
Mon Jul 29, 2013
Miekeba Jones answered:
Hi Marc!! It is up to the landlord. Some landlords just let it roll into a month to month lease after the first year. It all depends on how you want to handle it.
0 votes 17 answers Share Flag
Thu Mar 28, 2013
MARCO HUAMAN answered:
Hola

Mi nombre es Marco Antonio, y soy un Oficial de Creditos Hipotecarios. Puedo ofrecer financiamiento hastsa 97% con un minimo de 620 de credito y tengo otro programa de financiamiento con 580 de credito hasta el 96.5%.

Contactame para evaluar tus posibilidades de financiamiento, para la compra de una propiedad.

Saludos,
... more
0 votes 12 answers Share Flag
Wed Mar 6, 2013
Yanoska Diaz answered:
Hello Valerius,

Are you sure you saw multi-family properties for $80,000 with a gross monthly income of $1,700 on our MLS?

If in fact, there were multi-family properties out there you can purchase for $80,000, with a gross monthly income of $1,700 and ready to rent, meaning no repairs needed, you will be facing fierce competition.

I don't mean to disappoint you, but I am active in this forum to provide Buyers and Sellers with the facts rather than just adding another "client" to my list.

Realistically speaking you may purchase a $110,000 duplex with a monthly gross income of $1,200 - $1,400, then again, there will be dozens of cash Buyers interested in a property with such return.

Regarding property taxes, assessments vary depending on the location, our County is divided into Unincorporated Miami Dade and a number of municipalities and villages.

Cost of insurance also depends on many factors, age of the property, electrical, plumbing, roof and water heater updates (aka 4 point inspection), location, etc and it is something you will need to quote individually with an insurance agent every time you consider the purchase of a property.
... more
2 votes 3 answers Share Flag
Tue Feb 19, 2013
Irina Karan answered:
Hello Mr. Ben-Belaid,

Rate of return on regular residential properties is lower near the beaches, and a little higher
away from the beaches, but the costs of maintenance could erase the higher return.

I have a client whose house has been robbed several times within a couple of years that he
was selling it for - not in a good area. Rental returns are great there, but the tenants tend not to pay.

Vacation (short term) rentals are becoming more and more popular - because of their higher
return on investment and better location/potential value increase.
We are talking 8 to 11% return in this case.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
305-904-2355
... more
0 votes 8 answers Share Flag
Tue Feb 19, 2013
Irina Karan answered:
Hello Violetta,

This changes all the time.
What was reputable before is no longer...
Best to go speak to several attorneys - each will recommend their own...so
ask them why they are recommending them (because of the past experience or
because of how solid they were for their clients).

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
305-904-2355
... more
0 votes 2 answers Share Flag
1 2
Search Advice
Search

Followers

972