Miami Beach Real Estate Investor's Association

10/08/2017

Sofia Vergara Sold her Miami Beach Condo for $150k...
"Vergara paid $165,000 for the unit in 2007"... 😲😲

The Modern Family star’s first home?

10/03/2014

Low Priced Miami Deal - Simple Rehab Project **Only $32k!

07/23/2014

North Miami House For Only $47,000 - Nice Area / Good Shape

09/20/2013

Ocean Point Condo - ATTENTION ALL REALTORS & INVESTORS IN MIAMI BEACH AREA-- I NEED TO MOVE THIS PROPERTY FAST!! Realtors / Investors Add Your Commission

SWEET DEAL ON THE OCEAN In SOUTH BEACH- South Of Fifth Street / Directly On Ocean Drive. Located in "Ocean Point" Building. This building was recently renovated with new hallways, balconies, etc. Featuring a pool. parking, fitness center, beach/ocean access. The HOA fees are pretty cheap too considering all of the amenities offered ($350). Priced to move fast at $229,000 (The cheapest unit in the building available is $260k and it does not have an Ocean View and it's on a lower floor. A comparable unit is going for significantly more - $290k+ (Check out this link and call these realtors if you would like to confirm the exact prices in this building: http://www.miamicondolifestyle.com/ocean-point.php

Call me if you have a buyer - 305-741-3122
More photos to follow -Vacant on lockbox —

08/30/2013

Are The "Co***ne Cowboys" Back In Town??

Alvaro Lopez Tardon needed to launder tens of millions of dollars in proceeds from...

05/24/2013

Miami Association of Realtors just released their monthly report for April. Looks like properties are selling faster & at higher prices!

02/19/2013

Investment Firms Competing With Miami Real Estate Investors - "Hedge funds and investment firms are buying up Florida foreclosures, beating out homebuyers and local flippers, while steering the state into what some fear is another real estate bubble.", According to Kimberly Miller of the Palm Beach Post.

The two biggest investors at the moment are Blackstone Group (New York) & Lake Success Rentals (Toronto), who have purchased over 5,000 South Florida foreclosures last year.

Local investors are positive, but leery on what this could mean in the future. Their fear being that prices inflated by institutional investors and increased competition could create another "Seller's Market" with artificial prices. This is what led to the South Florida bubble that eventually burst several years ago. In a statement from RealtyTrac VP, Darren Blomquist,
“There is some potential for locally based housing price bubbles because of this almost frenzy on the part of these big-money folks to purchase as many properties as they can,” he said. “They’re paying cash, so it shouldn’t result in a lot of foreclosures, but it may be that down the road, they decide the gamble isn’t paying off and flood the market with properties.”