All Forum Posts by: Danet De Leon

@Josh Platko hahahah don't worry my friend, I've failed many times, but that's the recipe for success, fail and keep moving forward you'll do just fine! Hope you have a good day.

@Josh Platko Regarding the Miami condo market, while it is true that there is a lot of inventory that has been released and will be released in the future there will be no such thing as a "bust" in the condo market in Miami. The 2008 condo bust was due to low down payment requirements from banks in Florida at the time (only from 10% to 20% was required to purchase a property), the majority of buyers; foreign and domestic alike purchased multiple properties and what ended up happening was that most of them were not able to close on the units. I'm sure you know what happened after that. Now developers require 50% of the purchase price of the unit by the time the project breaks ground and banks will not finance a project unless it is 70% sold and under contract. Although it is true that the sales velocity has slowed because of the reliance of developers on the foreign buyer; which have had their purchasing power cut almost in half as the value of their currencies has dropped versus the dollar, this doesn't mean there will be a "bust" it simply means developers have to plan their projects carefully and set fair prices. Take for example the "related group" Miami's largest condo developer, they set their prices for their new project "Auberge" at an average of $600 per square foot compared with the $850 per square foot it might have asked a couple of years ago. Miami's condo market has slowed but it's doing fine, it will stabilize as all the new units come to the market, it's doing what it's supposed to do. Don't believe everything you read online. There will be more than 1 million people moving to Miami in the next 5 years and believe me all those condos will be rented :)

@Dan Mumm If you need information on the best location and the best prices regarding condos in Miami I can help you, if you need it ASAPshoot me an email over at danetrealestate @ gmail . com

I hope everybody here at Bigger Pockets has an excellent day.

Danet. 

Amazing post @Thomas Franklin I for one am not too savvy when It comes to loans I deal mostly with out of country cash buyers, I specialize in the pre construction condo or resale condo market in Miami. @Erik E. If you need information on the condo aspect let me know.

I can definitely make is on Sat 26, count me in.

Hello Ms. Bernardes,

I think this is a fantastic idea, I would love to have a meetup in Miami but I think it would be best for everyone if we would set it up on the weekend because a lot of people start investing in Real Estate with a full time job (like myself) and I would not be able to make in in the weekdays!

Let me you what you think,

Best,