coral gables florida.....invest in new build???

[Shoshana Shulman]

It seems like there are really good possibilities in many, many places. I have researched Huntsville and Madison, Alabama, Phoenix Arizona, Raleigh/Durham, North Carolina, along with all the current hot markets, such as Ohio and Kansas and Indiana and Austin and , and, and...

Some places I realize I'm priced out of, like Austin, so I can cross it off my list, but many more show lots of possibility. Some have possibility only as a condo purchase, which at first I was very reluctant to entertain, but in markets such as Phoenix, it doesn't seem like a bad idea.

A single family house can be bought in Alabama in an A/B area for 150,000, but if I go to Phoenix or Raleigh I can get a two bedroom condo for 85,000-100,000, though the HOA fees would be approximately 200 dollars a month.

Any advice?

[Wayne Brooks]

Coral Gables is the polar opposite of Huntsville...very expensive and not a cash flow market at all. A new build would be a “spec build” I assume...takes a Lot of local knowledge.