Posted in Real Estate Investing

Sharing the Sizzle of South Beach

Not only is South Beach a fun place to live, it’s a great place to earn tenant income! Interested? Ask me how.

Investor News:
Employment sector expected to increase 2.2% in 2013; 2,000 new apartments will be completed this year; vacancy rate down to 2.9%; and rents increasing yearly since 2010 – expected to go up 3% (to an average rent of $1,169/month).

Source: Marcus & Millichap

 

Posted in Uncategorized

Caveat Emptor: Housing Market is Shifting to a Seller’s Market

According to CNNMoney, the bidding wars on housing has begun and I have to agree. When my friend Manny was looking for a property in Homestead, we spend months placing offers on multiple properties and many times would not even get a response back from the listing agents. My friend finally lucked out on a deal after searching for about a year. He snatched up this beauty in the $120’s, which isn’t even possible today.¬†Prices are going up and that is an excellent sign that our economy is going to benefit from it!

Here’s a link to the article:

Cheers, Miami!

John W. Tanner

Posted in Uncategorized

Florida Leads the Pack for International Buyers

Intl buyers image

According to the Miami International Council of the Miami Association of Realtors, 76% of Florida’s real estate sales were acquired by international buyers representing these 11 countries: Argentina, Brazil, Canada, China, Columbia, France, Germany, Italy, Peru, U.K., and Venezuela. Moreover, our property values showed positive signs of recovery in 2012:

Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012
Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012

Why is Miami so hot?

Miami a New Global City

Miami is being dubbed as a “cosmopolitan” city, but I think it’s because of all the attractive people living here! Cheers to you, Miami!

Seven years ago I heard a real estate instructor say that Miami is the New York of the 21st Century.

I think he’s right!

To learn more about the international market in South Florida, visit the International Council page at: http://www.miamire.com/international/resources