All Forum Posts by: Jeff Swan

You actually answered your own question right there. If Miami was hitting double digit growth right now (as it was just a couple of years ago) you’d hear a ton about investing here: flipping ugly condos into luxurious lofts, and building barren lots into skyscrapers. Unfortunately, that’s only a good time if you’re in before it hits that growth.

Many investors who saw short term money signs got in too late and ended up paying way too much. Those are the people who over-extended and have now lost, or are in the process of losing their properties; thus equaling more bargains for people like you and I.

All of these projects nearing completion have buyers that never closed for a variety of reasons. The developers are anxious (desperate, if you will) to sell out these units so they’re going on the cheap.

Now people are waiting for two things:
1. The market to hit ‘rock bottom’.
2. The market to surge back into growth.

The people who are facing foreclosure have hit rock bottom, and need to sell. Basically, Miami drew my partner and I here because most of the world has given this place an investment cold shoulder, and are now slowly starting to warm up to it again.

It has been said that if you get your stock tips from the front page of the paper, you’re too late. Same applies to this situation. ;)

Hi, I'm Jeff.

Don't let the title fool you, my Spanish is not very good :P I recently moved to the Miami area and noticed the mass amounts of construction on the horizon.

I'm looking for investors to join a buying group to purchase some of the many empty condo units just being completed in the Brickell area.

Cheers!
Jeff