Posts Tagged ‘economy’

Pointing Out Potential with Miami Commercial Real Estate

December 5, 2008

Right now investing your money well is sort of a big decision. In Miami, investing money in business is something that most investors do, but you want to know what a good business in Miami is. Well, Commercial real estate is the answer. It has been thought all over that commercial real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property can lead to good profits. That is why, many real estate investors in the sunny Miami have been trying to focus with. The talks of Miami real estate are generally focused towards residential real estate; commercial real estate seems to take a back seat. But little that most know, Miami commercial real estate is a good investment nonetheless.

Miami commercial real estate includes a lot of different kinds of properties. Most people relate commercial real estate with only office complexes or factories and industrial units. But, there’s more to it, in fact that is not all of commercial real estate. Known facilities like health care centers, retail structures and warehouse are all good examples of commercial real estate. So, don’t get everything wrong and try to make a safe assessment on the kind of market the commercial real estate world has to offer. So, far Miami, being a commercially motivated area because of the high volume of tourism there can have a ball on having investment in commercial real estate.

Miami’s rich beaches and other tourism hot spot have paved way on giving the real estate in general a good leeway on things. Investing on its market is kind of a good ting because, first and foremost you get potential everywhere, whether in not so highly touted areas you can get commercial real estate that would give you a safe haven on investing your money well. Miami commercial real estate is something that most people would only think as second filler over Miami residential and condo, but in reality it can make your money worth it. Miami commercial real estate will always give you different look on it and sometimes will drive you good luck on your business. The cash flow in it is good and there can be a good value for the monthly rent that they will pay you.

As a businessman you should know things concerning the market, Miami commercial real estate are a market where we can get a lot of potential investment opportunities. When you talk about real estate it is automatic that we think of the more common markets such as residential and condo, but commercial is something that you don’t have to ignore. It can get you great investment possibilities for sure. So, do not ignore Miami commercial real estate and try to give it a good look.

Jron Magcale


Looking Closely at Aventura Real Estate Miami for Potential Investment

December 4, 2008

Right now, you should know that when it comes to real estate investment location is pretty important. And in terms of location, Florida is known to be the most attractive place to have. There is a saying that Florida is where the sun shines, and yes, it may be true in all accounts. In Florida, Miami is almost the center of it all, moderate and warm climate, famous beaches and entertainment venues really make Miami real estate very attractive. So that means Miami real estate or buying a house in Miami, especially in Aventura is really good for someone who wants to escape the vagaries of weather elsewhere in America.  Aventura real estate is something that can be really a good place to have a investment with.

However, Aventura real estate in Miami is also attractive for real estate investors like people who would like to treat Aventura real estate as an investment avenue for making profits. For now, there are a lot of things that can be worth the money you invest with. Now, with the property prices rising as much as 25%, Aventura real estate makes investment sense too, and it doesn’t get any better. I can strongly say that is one reason why Aventura real estate is so sought after. If you wanted to look for a really good deal in Aventura real estate, you should start with looking for places that are still in their development phase like places where the real estate prices are not so high but are expected to go up in the years to come. It is clearly a market of good faith in where the recent developments have been in good sense.

To say the least, as far as looking for Aventura real estate listings is concerned, you first need to decide on what location in Aventura is suitable for you. Again, this will depend on your reason behind going for Aventura real estate. If you are going for Aventura real estate purely for investment purposes, then you should really be looking for places where the prices are significantly low but are rising or expected to rise in near future. It is smart to look at those because it can get your investment in a good position for the future of course, Aventura real estate is clearly one of the high risers out there and only time will tell what to expect on it.

Going into the market’s availability, it is really easy to locate Aventura real estate; you can visit websites that list Aventura real estate and also you can check Miami area classified ads that offer listing on available properties which can be beneficial on the investment opportunity of any investors. Aventura real estate is something that new investors should look at and who knows maybe find something that can be really worthwhile.

Jron Magcale

Investing Good Money with Florida Real Estate

November 30, 2008

It is widely known throughout that when you deal with real estate you should always give it a good effort, most people are always looking for a good reason to make good investment in regards to real estate investment and with that you should always look at what’s best for you. I think that Florida real estate investing is not very hard to learn, even though that there are many facets that are essential to understand before attempting to start investing. You should know that it requires a lot of perseverance and determination. At times there are things that you can find in Florida that you can’t find anywhere else. Florida real estate has been always a good investment because you’ll get to see that your investment can really work in a way.

The good points in investing in Florida are you can find a lot of potential in regards for your business to bloom. Real estate investing in Florida is a full time business where investors are constantly trying to maximize their profits and minimize their risks in other to generate wealth over time. It takes a lot of time and effort to effectively dominate the art of real estate investing. You should always be prepared and ready to make a good go at real estate investing, strategies and marketing plans are also important. The best things about the real estate business are you can get a monthly income by means of rentals or you can get your property sold and double the money on it.

Although critics have said that the investors in Florida real estate have recently taken a beating and many have seen their investment properties lose value. Well what I can say is that an investor should not panic and sell in this market to avoid huge loses. You should keep in mind that real estate investment is a long term business commitment that you should be careful with. I think that the business of Florida real estate investing is very risky, and unpredictable but well worth the effort. Florida real estate is something that people should definitely look at and have a good deal with. Investing with it is also something that should be committed with time and effort and should not be taken for granted.

Florida real estate investing is different than various types of investing. Well, usually finding financing is the single most overwhelming challenge an investor will face when trying to purchase Florida real estate. A lot of things should be considered really, investing is not as perplexing, time consuming and financially draining as one might imagine. If you plan on investing in Florida real estate you should always get the chance to make improvements, look at your own market and get some really nice scouting and if you see an opportunity to invest in Florida real estate I suggest you take it.

Jron Magcale

Live Your Dream with International Luxury Condo

November 27, 2008

Everybody loves the thought of having a luxury condo in a dream place, whether it’s locally or international, a luxury condo is always desirable. It is, however, within many people’s means to buy a luxury beachfront condominium. And it is entirely possible that your dream can come true sooner, rather than later. Looking at what can be seen; there are also international luxury condos that can be an interesting choice for people. There are many careful considerations to make, but once the homework has been done, that gorgeous beachfront view may in fact be yours. A dream can always be a reality for you if you just know what to do and if you do smart investment as well.

To start, well in the United States, many condo owners have chosen to purchase their properties in warmer climates. Like for example Florida, it is among the more popular choices for the purchase of second homes. The market is very accommodating in Florida. This means that compared to most parts of the country, the cost of living in Florida is considerably lower. That translates into paying less money for luxury real estate, while living within the economy of a higher cost of living. In other words, you can make good money in one state, and purchase your condo in a place where the cost is significantly lower. In that idea alone what you can do is make money in the U.S. and tries to invest for an international luxury condo elsewhere, like say the Caribbean or say the Philippines.

Let me tell you that if buying your dream condo prior to retirement is a consideration, take into account the income that can be generated from your purchase. Yes, that means that once you’ve spent some money, like the down payment and closing costs on your condo, you can make money, too. Many people choose this method and subsequently find themselves very close to outright ownership of their property by the time they retire. The key word here is rental. Yes, you can profit for letting your luxury condo be rented by people who wants to have a vacation on the place where you invested a luxury condo be it locally in the U.S. or it could be an international luxury condo somewhere in Panama.

We do have to think about the logistics of this assumption: If you buy your international luxury condo prior to retirement, you certainly cannot occupy the unit full time for a while. So, during the time it sits idle, rent it out. Beachfront condominiums bring in big bucks throughout the year, not only in U.S. but in any vacation spot in the world. If you decided to have your retirement home in a place like Hawaii or Panama compared to a place like Los Angeles or Miami, of course you can make more because of the difference in the cost of living. Overall I can say that having an international luxury property can be beneficial for you more than you can think of, and it is up to you to make a decision.

Jron Magcale

Looking Extensively with Miami Beach Luxury Home for Sale

November 26, 2008

It is always a hard thing to do when you are in the hunt for a good luxury home, especially in Miami Beach, it can get confusing and sometimes it can be hard to find something that would realty be your type. When looking for a house in the Miami Beach luxury real estate market, any old house will not do. Those in the Miami Beach luxury homes market are looking for something a cut above. Miami Beach real estate is not just real estate when the home buyer is looking for truly the finest features in their custom house. Actually it can be something that a buyer would look at so finding that Miami Beach luxury home for sale can be a bit hard as you would expect.

For one thing, people who are investing in Miami Beach luxury homes now are, predominantly, not affected by the rising interest rates something other home buyers will be considering. The country’s luxury home buyers are not being impacted by interest rate increases, and many state they will continue buying luxury items for their homes. As a matter of fact the Miami Beach luxury market is doing very well, and there has only been a slight lowering of sales on the lower end luxury market. So, it can be a treat if you can really find what you really want in a home.

Remember that people buying Miami Beach luxury homes are looking for something a cut above. They want the amenities in the home to reflect the leisurely lifestyle they are living. Some of the top features desired in luxury homes are: Security systems, gourmet or designer kitchens, and home theaters, which can seat six or more, and wine cellars. Not to mention the location, it can always be the main factor having it in an exquisite location like breathtaking beach sceneries or private owned hills or something in that capacity. Remember that the families moving into high-end Miami Beach luxury homes are looking for exclusivity, and want homes with private country clubs, golf courses, and tennis clubs.

Since buyers in this market are traditionally families with incomes upwards of $500,000 per year, they are more likely to pay attention to lifestyles which afford them personal attention and provide recreational priorities. Many have traveled internationally and a large percentage of those will have traveled first class or by private jet, and to make it short they are rich and wealthy in teams of status. Take note that those buying in the Miami Beach luxury home market are also likely to be looking for, or already own, a second home. Second homes or vacations homes are a priority for folks in this market. So let it be known that when looking for that Miami Beach luxury home for sale can be a little competitive at some point but I think that if you are keen you might find yourself a treat.

Jron Magcale

Budget is Important with Florida Real Estate

November 26, 2008

Florida is one of the richest state when it comes to real estate the various choices that one can enjoy is absolutely impressive. One thing that can really be good to have is a home in the Sunshine State. If you are a first-home buyer, you might want to pay attention on your budget when buying a Florida real estate. Remember that first-home buyers are spoilt for choice when it comes to loans. But don’t rush into any mortgage deal; I say that pity would-be first-home owners. It is now harder to get into the Florida property market than at any time in more than 20 years. Baby boomers buying property to fund their retirement, land scarcity and slowdown in construction have conspired to push up house prices in South Beach. The top end in the city is still booming but prices have come off in the middle and lower price ranges since their 2003 peak.

People said that, that should have helped first timers. However, last year’s three interest rate rises have worked against Florida. According to experts, the average monthly repayment for first-home buyers in Miami has hit $3000, its highest ever. The Housing Industry Association’s latest affordability report, released last week, showed that, nationally, housing affordability hit a record 23-year low. Nationally, mortgage repayments now account for more than 30 percent of the gross income of the typical first-home buyer. So, if you are a first-home buyer in Florida you might think of your budget real seriously. That means first-home buyers are going to have to be smarter than ever and prepared to do their homework.

Now the budget for your Florida real estate should be looked at carefully. The first step is to come up with a plan. That means knowing how much you can afford. Not that long ago, those wanting to buy a house had to go cap-in-hand to the bank manager. Now lenders are virtually throwing money at them. More first-time buyers are taking out loans that cover the full purchase price of the house, leaving no margin for error if something goes wrong. It is a good assumption but you should be careful on everything as well. Just because a lender offers a big mortgage doesn’t necessarily mean that the borrower should take it. Taking out a mortgage is a long-term commitment and often the real financial squeeze does not come until later in life. So be sure to decide constructively on that one.

You budget will play a big role on getting your dream home or at least your first home in Florida, but then again budget plays a lot in your investment, remember that your mortgage can be something that you would want to look at, like I said it can be a long term commitment but remember that it is up to you to make that call. Florida real estate can be a good choice and there are expensive homes and there are cheap ones, you should just have to know where to look for that prospective Florida real estate property that would be a great help for you.

Jron Magcale

If You Have Dough, You Should Choose Miami Beach Luxury

November 25, 2008

Right now if you have enough money you will almost certainly will go for luxury condos, it’s almost a no-brainer, and what best luxury condo spot you can invest in than Miami Beach. If you are looking for a luxurious condominium, Miami Beach luxury condos have some amazing deals that will connect you to the right real estate decisions. This will ensure that you can have a luxury condo to live in or one to rent out. Client education is a large part of any customer service philosophy and the best way to understand what it is like in a particular luxury condominium is to hear it straight from the residents living there. If you decide to buy luxury condominiums now, you will be facing a very good financial decision.

I know that buying your home is a very exciting experience. Your initial contact with your agent will be an information sharing session where you will describe the home you desire. The agent will provide an overview of the neighborhoods and the properties available in them. After your initial discussion the agent will perform a detailed search for available homes meeting your criteria. You will then be invited to tour these homes. That is how the basic search for a home goes and that is how it goes in Miami Beach luxury condos as well.  If you like one of the luxury condos you see and want to purchase it the agent will assist you in the process. If you do not find a suitable home on the tour the agent will search daily for luxury condos coming on the market that meet your criteria and possibly to have a deal.

Now, although buying a Miami Beach luxury condo can be a wonderful investment, it can also be a very challenging experience. A comparative market analysis will be prepared to assist in determining the appropriate selling price of your Miami Beach condo. Today there is a relative abundance of entry-level condos available due to several new buildings being sold as condos that were originally being constructed as apartments. You also have several existing apartment building that will soon evict all their tenants and sell their refurbished units as condos. Wealthy Miami real estate investors have know for years that making money in Miami real estate is not about cash flow, it’s about appreciation. Stated another way, if you are worried about cash flow, you bought the wrong property. That’s how it is.

To feed your knowledge, the local governments are subsidizing builders of low income apartment housing and no one is building anything for the middle or upper class to rent. Demand exists for luxury condo/apartment rentals in Miami Beach. There is a segment of the market looking for condos rentals over $3,000 per month. Most of these renters are either new to town or in transition between homes they own. If you’re looking for a rental condo in Miami Beach you will be in for a pleasant surprise over the next few years as you will get a bonus on your investment, increased cash flow. Miami Beach luxury condos can be found easily you just have to know it for yourself if you want it before you make any moves.

Jron Magcale

Your Guide on Getting Miami Beach Apartment Rental

November 18, 2008

Well, everyone wants to have a great apartment but sometimes when you find one, renting it can be a hassle. The best way to begin your Miami Beach apartment search is to call the local Miami Beach property management companies about 45 days before you want to move, and ask what they have available, Miami Beach can be an in demand place for apartment rentals so you need to be aware of that before you make any more moves. Be prepared to provide them with your desired price range and move-in date. Take note of their level of customer service, sometimes other companies’ customer service isn’t as good as the other that may sometimes lead you to misinformation. I would suggest searching the MLS first, here’s how to find rentals in Miami Beach, First click a Miami Beach MLS site and select rental from the Property Search. Then, insert the numbers 33139 in the zip code field, in which will give you a list of available apartment rentals in the area.

And then, after you have called the management companies and weeded out the MLS listings, search the popular Craiglist. The website is heavily spammed so you will need to track the classifieds multiple times daily just to be sure. If RSS is your thing, Craigslist has an RSS Feed exclusively for Miami Beach apartments and houses for rent. Next you have to know the rental market you are moving to. Well, as of April, 2007 the average price of a studio apartment in South Beach is $750. The average price of a 1-bedroom is $950. The average price of a 2-bedroom is $1,400. If you know that you can handle those prices well, by all means take the opportunity if you find a Miami Beach apartment.

Always remember to make a list of requirements. Do you need a quiet building, parking, a dishwasher, or a building that accepts pets? You need to be in detail on these things to have a very good idea on what to expect, some Miami Beach apartment rentals can be strict with people getting in the way of what you prefer to have in a home. So I suggest that you make a list of what you want fo4r a Miami Beach apartment rental so that you will be able to make ends meet and of course get the best for your home and your interest as well.

Another easy step to do when looking for a Miami Beach apartment rental is to drive or walk around the neighborhood and look for hand written for rent signs. This is often the best way to find cheap for rent by owner deals. There are some good deals that you can get from those independent signs, in which sometimes better than ones that are advertised in the internet.

You should always have to be prepared to sign a one-year lease and be asked to pay the first and last months rent plus a security deposit in advance. Lastly don’t be afraid to negotiate. Landlords and property management companies in Miami Beach will often negotiate the rental price and/or security deposit. So when you are looking for the best Miami Beach apartment rentals always look for your best interest.

Jron Magcale

5 Basic Steps on Investing Miami Commercial Real Estate

November 18, 2008

Sometimes, investing is a bit hard than usual, the most beautiful property could be a part of the worst real estate investment you’ve ever made. Remember that Miami commercial real estate investing is all about the deal, the terms, the location and the return on investment. Here are some tips for successful Miami commercial real estate investing for you and your business. It is always important to be a bit observant on this because it can help you on investing for sure.

#1 – You have to be an investor instead of an accumulator of Miami commercial properties. Remember that the whole idea of making investments is to produce an income or a profit. So, if you buy a property that produces no income or profit, you really just acquired a property instead of making an investment. Investing on the property is pretty much the subject here. It can be hard at times and can be really confusing as well, but always keep in mind that all of it is part of the biz.

#2 – Understanding that every property has a lifetime. Ok, you have to know or at least be aware of that one of the biggest mistakes you can make as an investor is to ignore the fact that over time, you’ll have to spend money on the upkeep of the building. The building may need a new roof, and the electrical system may need to be updated. So make sure you have a long-term plan to handle such repairs. It won’t take of itself so remember that you have a big part on giving it life.

#3 – You need to focus on one investment type at a time. This is sometimes a problem for most, especially when you’re first starting out, you should focus on one type of investment: apartments, offices, retail, land, or whatever. Each deal needs and deserves your undivided attention. It’s better to be master of one than average over many. And who wants average-performing properties anyway? You need to make up your mind on what you want your commercial real estate investment type you will choose.

#4 – Considering environmental problems. One of the early problems for this business is the environmental problems. It has come to my attention that a huge potential concern when owning commercial property is hazardous waste problems. Property owners have the primary responsibility for fixing such problems, even if the current property owner didn’t cause them. Remember that you have to maintain something here and with that the success of your business will depend on how much you take care of your property.

# 5 – Get a mentor so you can learn from his or her mistakes. Lastly, mentors can save you from making huge mistakes, identify when you’ve missed due diligence items, and connect you with resources that you otherwise wouldn’t have immediate access to. If you have someone who you can talk to, like experts or veteran on the business, it will be real helpful. The thing with this mentorship program is when dealing with a Miami commercial real estate biz, you will have the chance to share knowledge and give tips in order for you to be successful as well.

Jron Magcale

Tips on Preparing a Good Miami Home for Sale

November 18, 2008

In investing in business especially in real estate, there are so much that one can look at and eventually call a good business, most people would give you the common notion that it can be this and that, pertaining the market itself. And it is hard to judge a market by one look. In Miami, homes are seen in different takes, most people would tell you that in a Miami home, you should be aware. If it’s booming jump the gun. So you’ve decided to take advantage of the booming Miami real estate market and put your house up for sale. As you know, buying a house is the most important purchase a consumer can make. In Miami, it is almost a sure thing that selling your house in a booming market will definitely get your home’s worth without a doubt.

The basis of home selling in having your asset in peace, so it’s understandable that when prospective buyers come through your house, your home will be scrutinized like it’s never been before, everyone knows you never get a second chance to make a first impression, so consider implementing the following cost-effective suggestions, before you welcome any potential buyers. Consider the view that people see when they first drive up. To ensure that you don’t send any potential buyers running down the driveway before they even see the house, make sure the exterior of the home is spotless. Paint or wash as necessary and don’t forget to mow the lawn and spruce up any outdoor greenery. It is really a good thing to have your home presented well, it attracts people like magnets.

So, upon entering your home, what will they see? If you have a room that makes a statement when you walk in, perhaps the walls are painted a very bright color or the style of furniture is eclectic, potential buyers may have a difficult time picturing their own stuff in the room. So, you need to consider that a fresh coat of paint in a neutral color is an inexpensive but proven technique for increasing the appeal of any home. A clean, fresh smell makes a good impression, you have to remember that. Try placing air fresheners in closets to eliminate musty smells. Of course, it goes without saying that clean and bright equals a sale. Scrub, clean, wash windows, walls, floors and tiles and shampoo dirty carpets – leaving no stone unturned. Make it a home to die for so that you’ll get the advantage as much as possible.

Clean under sinks, repair any leaks and clean up any damage. Use special cleaning agents to rid toilets, tubs and sinks of stains. If you have lots of stuff, it’s hard for potential buyers to see around it to see the room. Store any miscellaneous items, making sure to keep the garage, basement, attic and any closets tidy. Remember that when you are selling your Miami home, it is essential that all of the damages and potential damages of your home will be covered. Clean the dirty spots as well so that it will be neat looking for potential buyers, remember that selling a Miami home can be hard but rewarding once you get your first sale on it.

Jron Magcale