Need advice on Miami Condos for investment

[Emre Üçöz]

One of my friends recently have invested to a Miami condo near ocean drive. After he explained to me the deal and rental possibilities once you purchased the flat. I am also started to look around the condos.

My question will be to WBF'ers is do you know which Condos are the best one for investment in Miami. I have started to search around in zilbert.com.

 

[Lorrie]

One of my friends recently have invested to a Miami condo near ocean drive. After he explained to me the deal and rental possibilities once you purchased the flat. I am also started to look around the condos.

My question will be to WBF'ers is do you know which Condos are the best one for investment in Miami. I have started to search around in zilbert.com.

I'm curious on this as well. I am also curious if they usually come furnished or not. I won't be there often but maybe I can buy a mattress online and a sofa just to get started before i get there so I actually have a bed when I get there.

 

[cjfrbw]

I would do a LOT of research before doing that. From reading the real estate blogs, the boat has sailed for early adopters, so the waters are now mostly fish and sharks. An overseas landlord would be extremely vulnerable.

A lot of condos can't get mortgages for resale, building occupations may be low, buildings could be in deteriorated conditions from neglect and need major upgrade, Associations may have no or low reserves, lots of potential problems from the real estate bust, it would be on a case by case basis.

 

[A.wayne]

What price range , depending on price range , better to go a bit North , towards surfside/Aventura area , where all the new towers are being built , lots of investment rental options ....