rental property

March 16, 2021

Buying a Second Property for Rental Purposes

Real estate investment remains one of the best forms of speculation and in Miami this holds true. With real estate investments you can typically receive a predictable cash flow, a steady appreciation in value, equity buildup and many great tax benefits. If you’re deciding to buy a second home in Miami for rental purposes, it can be quite the sound investment.   In addition, even throughout the COVID-19 pandemic Miami population has continued to grow and real estate prices continue to rise. In fact, as more and more jobs went remote, young professionals and families have been making the move to Miami, mostly from northern cities, to enjoy the warmer weather and the lifestyle that our city brings. If you’re […]
October 24, 2017

What to Look for When Buying a House as an Investment Rental: It’s a time and money investment

Buying a home as an investment, and becoming a landlord, can seem like an easy way to rake in some extra money, but it’s still an investment of your time and money. It’s important to be prepared and know what to expect. Know Your Limitations First and foremost: if you’re going to get a mortgage, make sure you can handle the monthly payments if the property is vacant. I’ve known too many people start to build a portfolio only to have sell their new property quickly when it goes a few months without a tenant. It’s great for me, but less-than-ideal for you. Also: remember that tenants can be demanding on getting things fixed quickly. If you don’t have spare […]