Lots of people dream of living in Miami. It is home to the stars and the most luxurious condominiums in the United States. It is the prime spot for modern living for its sandy white beaches, a stunning cityscape plus you might just pass by a Hollywood celebrity or two while walking on the street. There are a number of Miami Beach condos for sale in the market. Real estate prices starts anywhere from $500,000 to a couple of millions per unit. Let’s take a look at the top condominiums of the city.
Think of buying an investment property as purchasing a business. The ‘business’ is more than the building or the land it sits on. You’ve also got to be concerned about a) the market for what you’re selling, b) the past history of that business, c) the neighborhood where your business is located, d) the financing you’ll need, and its costs to you… The list goes on.
The ads are very effective, since the visitor isn’t off in the bathroom, or grabbing a snack as so often happens with radio and TV. Your visitor is not driving a car either. He is sitting in front of the computer waiting for a page to finish loading. His mind is receptive to the ad. It’s actually a quite remarkable way to advertise.
Another important thing to do is have a basic understanding of the Thailand Amity treaty. This includes the standard procedures every foreign investor must know. While you have your lawyer and cabo san lucas real estate agent, you will still need to understand the rules of this treaty before purchasing a property. For instance, if you are looking for Thailand homes for sale, you must understand the policies on property ownership to ensure youre on the right track. Ignorance of the rules excuses no one.
When an old tenant moves out, verify that it has been cleaned to an acceptable level before returning a security deposit. What is acceptable? Lay down on the floor. If you are willing to do that, then it is probably acceptable. Think about the next tenant moving in. Will they have kids? Would you feel comfortable letting your kids play on the floor, touch the window sills, the blinds, or play under the cabinets in a game of hide-and-seek? If the answer is no, you have two options: hire it out to a professional cleaning company, or two, bring in your own cleaning supplies and spend a few hours checking everything.
Before sending a lot of e-mails, look into an e-mailing program. I recommend one that allows you to send both text and HTML e-mails. There are some now that also offer shopping carts and merchant accounts that will allow you to take deposits and earnest money online.
Will there be bigger deals? You bet. If you are out there flipping two or three deals a month, sooner or later, a whopper will land right on your plate. And when it does, you’ll be glad that you were in the right place at the right time.