Real estate deals in Florida offer a great opportunity for those looking to make their properties profitable. This market includes properties in high demand for vacation rentals and as second homes, with a privileged location and excellent capital gain in the future.
What are the most recommended real estate deals? What to keep in mind for each one and how to venture into this type of investment?
Top Real Estate Deals in Florida
First of all, real estate is considered one of the safest assets to incorporate into a portfolio. Real estate investments combine attractive returns with relatively low investment risks. So we tell you about the best options to invest in property in the state of Florida:
Condos
Multifamily housing towers are setting the tone for real estate businesses in Florida. So more and more firms decide to develop housing projects in the most exclusive areas. Including:
- Miami River.
- Key Biscayne.
- Bal Harbour Beach.
These condos are tempting for investors or families looking for a second home. Therefore, to ensure excellent added value, it is important to take into account both the location and the services and amenities offered by the complex.
One strategy for investing in these types of developments is preferred equity. It consists of the purchase of shares at a preferential price, offered by large real estate developers to leverage their projects. In this way, you can participate in the dividends while reducing the level of risk.
Apartments
Options vary from single-family homes for couples, entire families, or tourists. Along the entire coast in Florida, an extensive belt of apartment buildings has been developed. In such a way that most of them offer ocean views and a strategic location close to large shopping and cultural centers.
Here it is key to keep in mind your objective as an investor: permanent rental, vacation, room rental or resale. Moreover, foreign investors have several ways to participate in this market:
- Acquisition of apartments in co-ownership with other investors.
- Purchase of shares in a real estate mutual fund.
- Purchase of housing units in wells, black, gray or white work for resale.
Florida Homes
Towards the interior of the state, it is more common to find houses with 1 or 2 floors. This is an investment that fits your needs. The real estate market offers different types of homes in Florida. From luxury properties with first-class amenities to options to remodel and thus increase their value.
How to Calculate Real Estate Business Performance?
In the case of a home, you can use the cap rate or capitalization
rate
. Which represents the monthly profit you get from that property according to the sale price. In addition, it is calculated by adding the total income produced by the property minus its operating and maintenance expenses.
Investing in real estate is a smart decision to increase your wealth and obtain a consistent return over time. Do you want to start doing real estate business in Miami properties? Discover projects and diversify your portfolio with strategic investing.
References
Infobae. (2023). Real Estate Development in Miami: What It Offers International Investors. Infobae. https://www.infobae.com/inhouse/2023/10/04/desarrollo-inmobiliario-en-miami-que-ofrece-a-los-inversores-internacionales/
Moussa, F. (2022). Taking a closer look at preferred equity and why it’s so powerful in real estate. Entrepreneur. https://www.entrepreneur.com/es/finanzas/echando-un-vistazo-mas-de-cerca-al-capital-preferente-y/419773