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Updated almost 14 years ago,
condos in Miami
Hello,
I know that most people say SFR are the way to go, but I have some questions on condos in Miami. I see what appear to be nice condos in Miami, on Trulia.com, that are one bedrooms selling for about $100,000. What scares me is some of them have HOA fees of $500 plus and the property taxes paid on them are often in the range of $5000 - 7500. I also heard that some HOA rules prohibit you from renting your condo out. Is it possible to find a nice condo, 1 bedroom, in a part of the Miami that has good schools and a low crime rate, for about $100,000. Another question is can you find one that has HOA fees of about $250 per month and property taxes of about $2500 per year, and lets you rent it out. As I mentioned in some previous threads, I'm a teacher living in China, but I want to relocate back to the U.S. and live there for a few years, then rent the condo out. I have a master's in special ed. and recently found out I shouldn't have too much difficulty finding a job in Miami. Am I realistic about what I hope to find, or living in a dream world, I mean regarding the condo.