All Forum Posts by: Jeffrey Davis

Miami (Magic City) Florida is booming. I keep hearing investors on BiggerPockets decry the 'cashflow is just not there' in South Florida, and yet investors I meet every week talk about their big wins down here. What's the deal? Are you the type that said 20 years ago, "San Francisco is just too expensive and the cashflow ain't right." Avoid kicking yourself in the future, and take a day to examine Miami.

Miami is having its Roaring Twenties, right now! As with San Francisco, it is A City like No Other, and nothing is slowing down. As a local Miami Beach Realtor who has lived and traveled around America, and internationally, I offer my perspective on a city I genuinely want you to come check out. As an American, it excites me to say there is at least one place in this country where the American Dream is alive and very well. My family and friends cannot say this of California, as they have mostly moved out of the Golden State for greener pastures.

Miami is everything it used to be, only cleaner and better. Allow me to list some indicators to a strong future:

• +#1 City for Generation X Homebuyers (https://www.homes.com/blog/201...)
• +#2 Fastest Growing Economy of US Cities (https://www.mashvisor.com/blog...)
• +US News ranked FL #10 Best State to Live in 2021, and FL has 11 of the top 25 list for Fastest Growing Cities in US
• +#1 Healthiest City in US (https://www.local10.com/news/2...)
• +Affordable home prices compared to other major Coastal US cities
• +FL has 3 of top 10 Best Rental Markets in America (https://www.fortunebuilders.co...) I wonder where Floridians go to Airbnb??
• +#1 Miami-Dade County Schools with 133 total schools in Best High School Rankings 2020
• +#1 "Cruise Capital of the World" (and cruises are coming back baby), and #1 Busiest Cruise Port by passenger count
• +#9 Best City to Retire in America (https://realestate.usnews.com/...)
• +#1 Rate of Start-Up Activity and Entrepreneurship in US (https://indicators.kauffman.org/wp-content/uploads/sites/2/2021/03/2020_Early-Stage-Entrepreneurship-State-Report.pdf

Look, we all know these days you can find statistics to make anything look good. So get on a plane, and fly down here yourself. In fact, I am starting 'Miami Investor Tours by Wild Coast' (my company), providing an 'inside look' to why South Florida will dominate the next 5 years of city growth. Fully customized 2 night, 3 full day trips into the Life of Miami. Connect with me for more info. More details to come...

So wake up and smell the Cortadito. Miami is the 'next best thing' to invest your future in, or at least the next 5 years.

As a Miami-based Florida Realtor, I gotta rep the Sunshine State. According to US News (https://realestate.usnews.com/...)

#1: Fort Myers, FL

#3: Naples, FL

#4: Sarasota, FL

#5: Ocala, FL

#6: Daytona, FL

#7: Lakeland, FL

#8: Port St. Lucie, FL

#11: Melbourne, FL

#12: Orlando, FL

#14: Tampa, FL

#20: Jacksonville, FL

Denver didn't make this list, but Fort Collins did. I am encouraging investors here for the great rental market (vacation and short term). That being said, a family member who is a techie millennial is moving from Miami to Denver, so maybe you are onto something...

Off-market property in the opportunity zone of Buena Vista, Miami FL(close to Design District). Good deal for a cash-ready investor. Thanks BP!

BASIC FACTS:
7 bed, 6 bath

Building size: 2,285 SF

Lot Dimensions: 16,754 SF

Lot size: 0.38 acres

Year Built: 1937

Type: Multifamily

Number of Buildings: 2

Number of Units: 3

Zoning: T3-L (ancillary unit/granny flat)

Primary Land

Use: 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS

Rent potential: $1500-$1800 each unit (after reno)

Airbnb potential: $150/night, 51-62% occupancy. (Source: airdna.com)

The area is rapidly changing, with new construction going up and Airbnb/STR conversions happening every week in this investment corridor/opportunity zone. Safe neighborhood, walkable and short uber-ride to everything you could want in Miami (hence the popularity of Airbnb here). Plus it is not in a flood-zone (X).

Looking for an experienced investor who knows the value of this opportunity, and would like to make an offer. Seller motivated to unload this investment property. Text me @ 305-748-0700 or email [email protected]

LOL! This may be my favorite BP thread ever. Thanks for sharing the great info/real experience about investing in the Bay Area.

My family can be an American case study of the great migration OUT of Cali. Brother=moved to NV with Tesla. 2nd brother moved to Austin TX. Sister moved to Seattle WA. I moved to DC, and now live in Miami FL. Mom is about to list SoCal house and move to Washington. Dad is holding it down on a million dollar ranch estate in San Diego with view of the ocean.

I love CA. California has everything every other state has, only better. But if you are an investor, you gotta follow the numbers. The numbers are here in Florida, especially with some exciting new projects under way that will attract Big Tech.

Business Insider Article from Nov 2020:

(https://www.businessinsider.co...)

"Amid the coronavirus pandemic, many are ditching giant hubs like New York City and San Francisco and looking to shack up elsewhere...
The 25 cities that scored the highest are scattered across 10 states, all of which are either clustered in the South or the West. Texas leads the list, appearing six times; Florida is close behind, with five cities ranked among the top 25."

BP Article from 2017

Hi Madeline, I’m not a scientist... so I’m not sure about sinking land and rising sea levels. I do live in a nice condo on Collins Ave in Miami Beach, and I can tell you things seem to be heating up quickly around here. It’s certainly still a buyers market with condos, but my fellow eXp agents are doing very well with rentals and condo sales. There are brand new buildings going up and the voters even voted a project in on South Beach. In other words, for all practical money purposes, business is in full swing here. If you’re talking about retiring here, then yeah I’d listen to the scientists. And yes there are so many foreign cash buyers in MB, however not sure about Hollywood beach. Hope this local perspective helped!

Welcome to Miami Guy!