All Forum Posts by: Malgorzata Sadowska

Here are some brutal truths about South Florida: What did not cash flow in 2015 or even 2019 is cash flowing nicely now. So if you are not cash flowing now, you very likely will in a year or two ESPECIALLY if willing to put some sweat equity, creativity, a bit of money & time.

Advice from other areas doesn't apply here so well - we are almost a different country with different concentration of realtors; investors; and CASH buyers (either 1st or 2nd in the country - consistently).

As you stated yourself, almost everyone knows they are sitting on gold... EVERY now & then, you get lucky (you can always help your luck with lots of looking!) and get something better than average. Something no one talks about is the TIME = money it will take you to find that one gem AS well as the opportunity cost. Maybe by looking for some kind of a hit out of the park, you pass on some decent deals that will cash flow in a matter of months (with some creativity).

Trust answering those questions will help - always like to offer a contrarian view... 

From what it looks NOW-taking macro & micro economic factors into consideration - (remember, that anything can change, for example, if we had a major hurricane!), prices for both rent & sale will continue to go up.

Multi Family - also expensive, and, many factors result in high prices here.

Rental market has been keeping pace with sales - up tremendously - 10-20% depending on what & where. Bidding wars (especially on SFR rentals) because many landlords are selling and the ones, who buy, are charging higher rents. If anything indeed changes, it usually takes 6-9 months for the prices to reflect.

$300k for homes in Miami in areas that allow STRs will be challenging for them. Average price point for Miami-Dade county is now $500k.

When buying & operating an STR, good to remember, you are a business owner. This is not JUST a real estate play. Your price will depend on your reviews, which will predicated on your service & offering. Be different /exciting! do a little extra, which will go a long way and help you achieve your goals.

you can easily check on this site: 

https://gis.miamigov.com/miami...

Up zoning is possible - depends on many factors.

@Raymond J. Rodrigues - can you help?

will continue to go up.

Andrew - yes - through a realtor friend, who took care of everything so I don't have the handyman info anymore but am happy to put you in touch with the realtor - surely she does.