With record low inventory in most of South Florida, home prices at all time highs, and construction delays, flipping is dead, for the time being. However, there are other ways to get to Rome but it is imperative to know your numbers. Finding the right investment in today's competitive real estate market is challenging. However, sticking to one of these three strategies will help you find deals, capitalize on trends, and expand your portfolio by leveraging current market conditions. Read this article to find out how to analyze these investments and calculators expedite the process!
BRRRR ?
Buy, renovate, rent, refinance, repeat. This is the cornerstone of today's investment strategy. With rental rates nearing all-time highs, the environment is perfect to deploy this method to increase your portfolio size & leverage low interest rates.
NEW CONSTRUCTION PHASE 1 & 4
There are only two times to buy new construction condos & houses, during Phase 1 - launch, and Phase 4 - after project completion, unsold inventory. These are the times you will get the best deals. Ask me about the available projects in these specific phases.
SHORT TERM RENTALS
AirBnb and VRBO have allowed homeowners to cater to those who want to experience South Florida like a local, rather than a tourist. With occupancy rates around 55-66% and climbing, short term rentals are an excellent way to generate stable cash flow with an appreciating asset.
