Are Investor's jumping back into Miami Beach FL real estate? You bet they are!

Miami Beach Investment Opportunities

Want to have a positive cash flow with the minimum 20% down? Today’s $1M investment (3BR at 2400 Sq Ft) will return around $6,000 in monthly rental income. When you take into account Taxes $1,500 and a Maintenance fee (Ave.) $1,200 with today’s interest rate at 5.75% (Principal & Interest) at $4,700 totals $7,500! The Miami Beach investor is putting down 40 to 50% to have a break even or goes negative if choosing to leverage money as the gamble on appreciation at a 3+ year hold is likely. Other points of interest are the bottom of this Miami real estate bubble on oceanfront condos which may likely have already occurred. Across the board on oceanfront condos in the Sunny Isles area and Miami Beach FL real estate, we’ve seen average 25% depreciation in the last 24 months. In the last 90 days there have been 71 closed sales in Sunny Isles and 70 in Miami Beach. The aggressively priced condos are selling well at an average of 95% of the asking price.+A recent article on Cory Fritzlers investment portfolio shows he is concentrating now on Dallas and Miami Beach FL real estate. “Despite record foreclosure rates and declining property values in 2007, there is evidence suggesting the worst may be over, providing significant opportunities for investors and home buyers in 2008 and 2009. As a result, Cory Fritzler, real estate investor and entrepreneur, has increased his portfolio in the South Florida market and continues to hold and manage over 40 rental properties in the Dallas Fort Worth area. In addition to the Dallas market, Cory Fritzler has strengthened his company’s position in the Miami Beach area. As the recipient of multiple awards for his work in real estate, Cory Fritzler is known for his innovative real estate investing, unique financing programs, charitable work and benevolence. Moving into 2008, Fritzler anticipates more investment opportunities, with a focus solely on the Dallas and South Florida markets.” WebWire Jan 17th 2008

More positive news coming as this year shows a new outlook on Miami Beach FL Real Estate. What do residents, tourists and International buyers really want? Oceanfront living, a great climate and an active lifestyle are the major attractions for year to come. Let me know what you think by leaving your thoughts and suggestions below…

About Ashton Coleman

Ashton is a technology & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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