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    Miami Design District And Surrounding Real Estate Investments

    May 1st, 2013
    miami housing real estate investmentsMost major metro areas in the country have a part of town that is considered an up and coming area on the verge of a real estate boom.  In Miami, that area is called the Design District.  Bordered by 36th and 42nd Streets on the south and north, and Federal Highway and Miami Avenue on the east and west, this trendy part of Miami is about to experience a large upswing in the real estate market.

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    5 Real Estate Investing Trends For 2013

    February 1st, 2013

    real estate investing1 – Developers Adding Inventory
    Even though foreclosures have not completely disappeared, they have definitely gone down compared to previous years. In cities that have been able to recover faster from the real estate bubble, a foreclosure is rare nowadays.  In cities where supply has caught up with demand properties have started to appreciate slowly. Developers have noticed this trend and have started to announce new construction. For example, more than 5 new construction projects were announced and broke ground in 2012 in Brickell, one of the hottest areas in Miami. Renters who have seen rents increasing up to 20% in 2012 will be happy to see developers adding this much needed inventory.

    2 – Banks Easing Financing
    We all know that banks played a huge role in the real estate bubble. After years of lax underwriting, now lenders ask for higher down payments and have stricter rules to approve mortgages. This is actually one of the reasons behind the sluggishness of the real estate recovery. In fact, most of the best deals such as foreclosures and short sales are now sold to cash buyers. Usually, these cash buyers are either hedge funds or international investors. These cash investors like real estate because the cap rate (return on investment in real estate terms) is very attractive. In some cases the cap rate can be higher than 10% and this does not take future appreciation into consideration.

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    Rents & Condo Prices Increasing In Brickell And Downtown Miami

    November 30th, 2012

    real estate investingI have noticed in the past couple of years that rents have increased in Brickell and Downtown Miami in general. As a matter of fact, the Miami Herald had an article in August, stating that rentals and sales prices have gone up in Brickell and Downtown in the past year.

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    Traditional Sales Office Disappearing? Icon Bay Case Study

    October 31st, 2012

    I remember the glorious days of the real estate boom in Miami. I would go to parties every month where developers announced new projects one after the other. Along with the party came a spectacular sales office where they brought agents, media and clients to show them the building model and how finished units were going to look like. Disappearing

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    The Closing Table May Not Be Open For Long

    September 28th, 2012

    A few weeks ago a client, in the middle of a conversation regarding real estate investments in Miami, asked me “What’s a closing table?”  For real estate professionals, a closing table is like the goal line on a football field; the place sellers, buyers, agents, banks and attorneys meet to score the deal.

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