All Forum Posts by: Enzo Di Palma

Income properties are an excellent way to start building your investment portfolio. A duplex, triplex, or fourplex is ideal because the more units, the more financing options banks may offer. I'd recommend steering away from condos due to high HOA fees, which can eat into returns. Right now, we're seeing a slight increase in inventory and some corrections in rents, which could create opportunities—but achieving solid cash flow on a condo can still be challenging.

Getting pre-approved is a great first step to narrow down your options and focus on locations that make sense for your goals. As a realtor specializing in pre-construction, commercial, and investment properties, I’d be happy to answer any questions or help guide you through the process if you’re interested. Let me know how I can assist!

Hi Danielle,

I'm a realtor and specialize in short-term rental (STR) investment properties, and I'd be happy to offer some insights for your investment plans in South Florida. Based on my experience, I strongly believe that investing in a Hollywood property with a pool can provide the best overall return on investment (ROI) and speculative value growth in the area. Here are some factors to consider:

High Demand: Hollywood, Florida, is a popular tourist destination with beautiful beaches and a vibrant entertainment scene. The demand for short-term rentals in this area is generally high, especially properties with desirable amenities like a pool. This can lead to higher occupancy rates and rental income potential.

STR Potential: The short-term rental market in South Florida is thriving, and Hollywood is well-positioned to attract vacationers and business travelers. By leveraging platforms like Airbnb or VRBO, you can capitalize on the tourist market and potentially generate higher rental income compared to traditional long-term rentals.

Speculative Value Growth: Hollywood has seen significant development and revitalization in recent years, with ongoing infrastructure improvements and new attractions. This can contribute to potential appreciation in property values, allowing you to benefit from both rental income and future price appreciation.

As for the type of property and scaling your investment, it depends on your personal goals and risk tolerance. Starting with 2-5 units can be a good way to gain experience and diversify your rental income sources. It also allows for easier management and potentially lower entry costs. However, if you analyze the numbers and find a larger multifamily property that aligns with your investment strategy and goals, scaling up to more doors can be a viable option.

Considering your available capital, including $500K liquid and $400K in stocks, you have a strong financial position to pursue opportunities in South Florida. It's crucial to conduct thorough market research, analyze potential properties, and evaluate their financial performance, including cash flow, cap rates, and projected returns.

I recommend working with a local realtor familiar with the South Florida market to help you navigate the area, identify suitable properties, and provide guidance based on your investment objectives.

If you have any further questions or need additional assistance, please feel free to ask. Good luck!

Neat article however there are a few line items I would question... i.e rate, occupancy, HOA, cleaning rate, etc

Hello Anthony,

I came across your post about long-term investment opportunities in Florida, and as a South Florida realtor and investor, I wanted to offer some friendly insights. Our lovely East Coast boasts some ideal areas that have shown consistent property price value increases over time, making them attractive for long-term holds, particularly in the rental property market.

Consider these cities and zip codes in Southeast Florida:

Miami-Dade County:

Miami Beach (33139, 33140)

Coral Gables (33134, 33146)

Brickell (33131)

Broward County:

Fort Lauderdale (33301, 33304)

Pompano Beach (33062, 33064)

Hollywood (33019, 33020)

These locations have witnessed remarkable growth, but it's always wise to conduct your own research and evaluate factors that align with your investment goals and risk tolerance.

If you'd like to hear personal experiences or discuss further, I'm more than happy to chat with you. As a fellow investor, I can offer friendly advice and share my firsthand insights to help you navigate the South Florida market effectively.

Good luck on your search!

Best,
Enzo Di Palma

Hi Daniel. In my professional opinion i'd say that the Hollywood market has higher upside. Projected value growth for Hollywood is 19% for 2022. STR comp historical data is also very favorable. We use proprietary software to give buyers and investors REAL/ACTUAL numbers. Thereby having the information necessary to make an informed purchase. Please let me know if you have any specific questions and i'll be happy to assist.

Thank you!

Best,
Enzo

I'm with David. Broward County, to include Hallandale, Hollywood, and Dania are great markets that hit on all cylinders. Projected value growth for Hollywood alone is currently 19% for 2022. As well, historical STR comps and data numbers are very favorable.

Best,
Enzo 

Hello Evangelos. I'm very bullish on Broward County. In particular for STR and spec value growth. Feel free to pick my brain on investing and South Florida market.

Hi Corben!

I reside in Coconut Grove, Fl but work all around South Florida. Feel free to pick my brain if you have any STR real estate and investing questions. Our brokerage offers more comprehensive data than AirDna, and can confidently say that Broward County yields one of the highest returns in the entire state. Proximity to the beach and properties with pools are two of the most valuable variables.

Welcome Jason!

I reside in Coconut Grove but work all around South Florida. Congrats on your portfolio! As many here will say,... you just have to get it going. Feel free to pick my brain if you have any real estate and investing questions.

This looks like a bargain. However, for STR I always recommend a pool. In particular if you're further in land and away from the coast. I primarily specialize on properties on the east coast. However, I can assist with info that is a bit more comprehensive than what is on airdna if you're looking to purchase.