When thinking about where to spend your money, real estate probably comes to mind. After all, investing in profitable real estate properties is one of the biggest ways people build wealth. If you’re already thinking about investing in real estate, you’re already much smarter than the average consumer. And that’s why we’re going to let you in on a very hot tip…
Invest in South Florida.
This glimmering slice of land is home to some of the most famous and profitable locales in the United States and the world, and it’s pretty much a gateway to Latin America. You’ve got the shining shores of South Beach Miami, which attract investors from all over the world, thanks to its hot temperatures and even hotter residents and visitors. You’ve also got the Florida Keys resting below you—a major year-round tourist destination of its own—plus valuable cities such as Fort Lauderdale, Lauderdale-by-the-Sea, Boca Raton, and Palm Beach waiting to capitalize even more on their incredible beachfront and waterfront real estate options.
Especially if you’re not from the United States, these South Florida hotspots are even more attractive money-wise. Whether you’re from Argentina, Brazil, or even China, you’ll want to check out the reasons why investing in South Florida is one off the best moves you can make as a foreigner. And, good news for you—we can qualify any foreign national to buy in Florida, so you’re in the right place.
5. South Florida is Always a Hot Market
But right now, it’s on hold. Many people looking to make money in South Florida are waiting for a slight drop in prices, which means you can jump in now before everything jumps up again. Because people are always casting their sights to South Florida for its obvious climate and culture perks, the sooner you invest in the market, the better. Palm Beach, Broward, and Miami-Dade Counties have been rising in value since last year, and the trend is projected to keep going. Get in before it gets too hot.
4. Return On Investment
In comparison to other markets across the globe, such as China’s, South Florida boasts pretty low prices for its strong returns. On average, Miami yields an increase of 11.2% on returns each year, which shows just how great of an investment South Florida properties are. Any person looking to invest in real estate would be sorely remiss if they didn’t pay attention to ROI percentages by area.
3. There Are Many Places To Invest
Depending on what type of real estate you’re looking to invest in, there is a specific area in South Florida for whatever you need. For example, at this moment, if you want to invest in the Broward County area (such as Fort Lauderdale), single-family homes are the way to go. As for Miami-Dade, apartment developments are showing the best potential in the rapidly growing market. And if you’re looking further north towards Palm Beach County, you may want to push your cash towards retail, restaurants, and medical office spaces. No matter what type of investment you’re looking for, South Florida has plenty of options for success.
2. Environment Quality & Lifestyle
Simply by design, these areas surrounding the east and bottom coasts of Florida are in high-demand. Who wouldn’t want to live on the water when it’s summer all year long? lus, compared to other countries where pollution is at an all-time high and shows no signs of stopping, South Florida cities’ air ranks incredibly clean. The allure of such a lifestyle spent basking in the sun, swimming in the sea, and playing in the sand is only further strengthened by the natural qualities the land preserves. The place really is paradise.
1. There’s Always Room for Improvement
Even if you’re not ready to drop big bucks in South Florida, you can still find ways to make a profit. Consider the many “fixer-uppers” on the beach, just waiting for a magical investor to swoop in and make them great again. Less-savvy investors often miss out on spectacular deals because they’re not willing to have a vision and put a little work into the project. Remember that the value is in the location, and what you do with it is up to you.
Medardo Cevallos is the Vice President of Home Financial Group. Medardo A. specializes in Global Capital Markets and Mortgage Financing.
Whether it is buying their first home, their third investment property or a new construction commercial building; clients come to Medardo for Real Estate Financing.