Investment opportunities for 2020

Foreign entrepreneurs have found multiple reasons to live and invest in Miami, especially Hispanics and Latinos due to the privileged location, the city's logistics infrastructure, and its great aerial interconnection, which have turned the state of Florida into a strategic commercial bridge.

In the past, Miami was considered a tourist, beach city, or as a stopover to reach other U.S. destinations. Now the southern part of the state is the most desirable destination for business executives to invest in.

The real estate sector has been growing strongly in recent years, so the trends in apartments for sale in Miami have been changing, offering many advantages for people who come and go to the city for business or other activities, and want to buy an apartment in Miami to enjoy their stay by having their own place in the city, and rent it to generate income when they are not in the city.

The favorable conditions of investing in Miami have created a market, which, according to experts, is at its best.

Investing in Miami is being considered as an important source to generate profits, that's why we’ll tell you about the 8 opportunities you can't miss during 2020 to invest:

1. You don't necessarily have to pay 100 percent of the price of the property. There are excellent financing options for everyone, including foreign investors. Generally, the bank will ask a new investor between 20 and 30 percent as a down payment to approve the loan.
2. Another great advantage of investing in Miami is that they do not require strict control by the investor, it does not take much time and can be monitored remotely. That is very attractive to foreigners.
3. Statistics show that property values rise steadily and constantly.
4. Real estate has tax benefits, which makes it more attractive for investors.
5. The average rates for mortgage loans range from 4.5 to 7.5 percent.
6. It is the second state with the highest income per person in the Southeastern United States.
7. It is the third state in the United States in the creation of new jobs.
8. Florida is ranked as the third most dynamic state in the U.S. in the construction industry.

All real estate developers agree that Miami has become an international city in the last five years. It has activities 24 hours a day, from world-class museums to sensational theaters, fabulous stores, exquisite restaurants, and an incredible sports arena, lots of creativity and vibrant economic development.

What other reasons do you need to start enjoying the wonders of South Florida?

The 5 activities you can't miss this November

This November is full of activities you can't miss! From live entertainment to family events. A new pop festival in South Beach, the Auto Show is back again, the Miami Book Fair, and how to forget Thanksgiving dinner. That's why we'll tell you about the top 5 activities South Florida has to offer this fall:

1. Santa's Enchanted Forest: The world's largest vacation theme park, Santa's Enchanted Forest returns this season at Miami's Tropical Park. Enjoy mechanical games, shows, games, a 92-foot tall Christmas tree, and more than three million Christmas lights. Ride the Ferris wheel, a roller coaster, or play in a funhouse.
2. Miami International Auto Show: A Miami institution, known as one of the best auto shows in the nation, this event has been in existence since 1971. An exhibit of more than 40 automakers, including vintage cars on Memory Lane.
3. Miami Book Fair International: one of the nation's premier literary events. More than 450 authors visit the city to share readings and discussions about their work. The pedestrian street fair also includes antique dealers, illustrators, editors, and on-site authors. Founded in 1984, each year, the Book Fair includes famous authors and literary giants who visit to enjoy Miami's November weather and celebrate new and old literature.
4. Island Music: This live concert celebrates a variety of genres and styles that encapsulate the spirit of Sunny Isles Beach.
5. Thanksgiving: Give thanks to Miami's Best Restaurants, many of which organize special lunches and dinners to celebrate Thanksgiving.

Why do millennial veterans prefer to live in South Florida?

South Florida is one of the places where buying a house is not only an investment. Thanks to its characteristics, it also makes it the ideal place where millennial veterans and service members seek to put down their roots.

According to a new study conducted by Veterans United Home Loans, which looked at the volume of VA purchase loans for millennials in 2018 compared to 2015, younger veterans and service members are driving the continued growth of the VA loan program. The study showed that VA purchase loans increased in the 2019 fiscal year for the eighth consecutive year, and millennial and Generation Z buyers accounted for 45 percent of all home purchases.

Among the cities that were listed for their growth in VA purchase loan volume, Florida included three. The first one was Fort Walton Beach-Crestview-Destin, FL, the second Jacksonville, FL, and the third Tampa-St. Petersburg-Clearwater, FL. The report noted that the average purchase price in South Florida among millennial voters was $316,611.

South Florida has a lot to offer veterans and military families, from cultural and lifestyle services to a strong economy with relatively low unemployment.

Those advantages have made Generation Z and millennial veterans and members some of the strongest and most successful home buyers in the market, and they are making their presence felt in communities across the country.

Security in South Florida

We have recommended Florida as one of your best options to settle with your family. However, Florida is not only a good option to move into because of the economic and recreational opportunities, but also because it is one of the safest states.

South Florida has some of the best places to live; Weston, for example.

It is among the top 3 best cities to live in terms of security, after Greenwich and Parsippany.

It might seem a bit obsessive or controlling to want to have all the information about the place you plan to move to, but your safety and that of your family are things you can't put at risk.

Among the advantages of living in a safe place is your peace of mind. Knowing that you are safe and that your family is safe is something that has no comparison.

Your children can go play safely, or go out and have a quiet time.

In addition, your house will be safe when you are not there and, consequently, so will your assets.

Weston is a perfect place to live. It is among the cities with the best quality of life in all the United States. With parks, clubs, bookstores, markets, etc., you will never get bored.

You will be surrounded by a safe, multicultural and family-friendly community. A rich environment to grow.

Your children will receive a grade A education, both in public and private schools. All the wonders you dreamed in Florida.

We recommend you to consult with a real estate agent to help you with the location and purchase of the right property for you.

We’d be delighted to be useful. Contact us if you need us!

Natiivo has arrived to transform the real estate market

Airbnb has launched its new business model, Natiivo, where investors will be able to buy and rent their unit, or part of it, as if it were a hotel room.

Arquitectonica, one of the most important urban planning and interior design firms in Miami, will be the brain behind Natiivo's design.

The 50-story luxury tower will feature 415 1-4-bedroom units ranging from 410 to 2,200 square feet of modern, elegant interiors created by Urban Robot Associates, known for “telling stories by creating places”.

 

Located in downtown Miami, it will offer 55,000 square feet of the best amenities.

•  Exotic resort pool with pool-side cabanas.
• ·Bar and grill on pool deck.
•  24/7 co-working lounge.
• Private meeting rooms and event room with exclusive terrace.
• Fully equipped, state-of-the-art fitness center with HD TVs and wireless audio.
• Private Peloton studios.
• Yoga lounge and terrace.

This initiative increases Airbnb's residential rental market and adds real estate development to its portfolio. During the initial phase of the project, prices start from US $300,000 to US $1.2 million.

 It is undoubtedly one of the best options to invest in Miami. Natiivo; the new way to own and stay.

Top 5 parks in South Florida.

If you are thinking of taking some free time and want to invest it in a theme park, here are 5 of the best options.

If you are planning for family quality time or a walk with friends, this post is for you!

Cypress Gardens Adventure Park

The first theme park in Florida. It first opened its doors in 1936, and continues to provide its services today. It offers its visitors beautiful green spaces to carry out activities, in addition to offering water ski shows.

Silver springs

If enjoying nature is what you like, this could be the perfect park for you. It is full of botanical gardens to enjoy outdoor activities, animals, walks, shops to buy souvenirs, and much more.

This is one of the most famous parks in all of Florida, and many people from all over the world visit it to ride their glass-bottomed boats.

Florida Aquarium

If you love sea animals, this is your park. This theme park is home to more than 10,000 aquatic animals, can you believe it?

If this is a family time, do not hesitate to take the little ones to visit this park; we assure you that the experience will be incredible.

Busch Gardens Tampa

This amusement park offers services similar to parks such as Universal; however, because it is smaller and less famous, it receives far fewer visitors. If you don't like crowds but still want to live this kind of experience, this is the right option for you.

Kennedy Space Center Visitor Complex

If your dream was always to be on a space flight or if this is your child’s dream, you can't miss visiting this park.

You will see exact replicas, movies, launch areas, among many other things.

The importance of ecology in South Florida

In South Florida, something has been attracting attention. New pollution alerts have been issued on 3 beaches in the area. The first alert was issued in February, and since then, the situation seems only to be getting worse.

The dangers of swimming in these beaches are varied; however, tourists were recommended to abstain because there are high levels of enterococci, a stomach bacterium, in the water.

This situation has worried a significant number of inhabitants, so we want to tell you how to help stop this and, in general, make the world a better place. Take pencil and paper.

Reduce some products

Plastic bottles and aluminum cans take 10 years to degrade, which means that they could cause a lot of problems in that time. Avoid consuming products that come in this format. Plastic bags, for example, are a big headache for ecology. They take between 150 and 300 years to degrade; they are also a common object in polluted beaches. There are many alternatives to reduce the use of this type of bags. Reusable bags, made of recyclable materials, are always an excellent option!

Glass bottles

They can take 4000 years to degrade, so, in the meantime, they cause an indescribable environmental problem. Try to buy beverages contained in another type of container.

Save energy

There have been many efforts to improve this. There are several options to save electricity:

LED technology: replace ordinary bulbs with ones with this technology. They last 8 times longer, which means that it is a medium-term investment, and also consume 90% less energy.

Do not waste light: do not keep all the bulbs on, use only the one you need to light the place where you are and disconnect the devices you are not using.

Recycle

Learn about how to recycle effectively and the ideal products to take care of the planet.

It is very likely that they have organized recycling campaigns near your home. Join and recycle; take part of the recycling culture and help pass that knowledge, it is important that we all care. 

HOW TO AVOID BEING SCAMMED WHEN INVESTING IN SOUTH FLORIDA

Thanks to new technologies, scammers increasingly perfect their techniques to deceive people. However, there are ways to avoid them and reduce probabilities of being the victim of a scam. Here are some recommendations to avoid being scammed.

VERIFY THE OWNERSHIP OF THE PROPERTY

Every day, there is news of real estate fraud in Miami. In fact, foreigners are the main target of scammers. Real estate title fraud is a classic way to scam. It consists of scammers pretending to be the owners of a property, using false documents and creating a new mortgage to make the real owner responsible for payments. For this reason, make sure the property ownership is right before signing. This information can be accessed in the Land Registry.

DO NOT PAY IN ADVANCE

If you want to buy or rent a property from a private individual instead of an agency, you have to be careful and demand safe payment methods. Avoid, as much as possible, transferring amounts to an account without securing the ownership of the property.

CONSULT WITH EXPERTS

The best option is to look for help from real estate professionals such as lawyers specialized in real estate, property status evaluators or real estate companies. However, you have to make sure that the agents or the real state company hired are authentic and reliable. We know that it will probably result in extra costs, but it’s better to be safe than sorry.

For these cases, our task at Doral Riches is to guide you so that you can choose the method that works best for you.

SHOULD YOU RENT OR BUY A PROPERTY IN MIAMI?

Miami is considered one of the most influential cities in Florida not only because of its nightlife, beaches, environment, and gastronomy, but also because of its high-level properties, houses and apartments for sale or rent. If you’re looking for a comfortable place to live, properties in Miami are usually exclusive and luxurious. In addition, Florida offers you a pleasant climate and incredible places to visit.

Many buyers choose Miami as a location to buy a property since its growth and sales demand favors purchase opportunities for all audiences. In fact, at the beginning of 2019, Realtor.com surprised us with a report that predicted the 3,3 percent of sales growth in Miami. This is due to developers starting to build moderately priced bungalows and townhomes surrounding West Palm Beach and Fort Lauderdale.

On the other hand, rental homes and apartments in Miami can also be found at rebate prices or real estate auctions. In this case, the demand for property rentals has grown by 10%, due to the influence of people who want to rent an apartment for a vacation, or to have a place to relax near the beach.

Another aspect to consider is the maintenance of the property. When you rent a property, the owner is probably responsible for maintenance and costs. But if you’re the owner and parts of the furniture get damaged, you’re responsible of fixing it or hiring someone to do it. If you’re not ready to maintain your home, renting is the best option for you.

No matter if your decision is to buy or rent; undoubtedly, Miami will become your favorite place, since it offers everything you need to enjoy with your family and friends, and of course, make the best investment of your life.

WHAT TO CONSIDER BEFORE BUYING A PROPERTY IN SOUTH FLORIDA?

Buying a home is, without a doubt, one of the most important and thoughtful decisions of our life. This is why it’s very important for us that our clients satisfactorily choose their dream home. Here are some things you must take into account before buying a property.

1     1)   INVESTMENT

Before investing in a property, it is important to keep in mind the costs associated with the purchase, such as the price of the property, the payment of the loan to the bank or lender, the payment of insurance, and property and condominium associations or owner taxes.

2) LOCATION

Choosing the right place for a buyer and his family to make them feel comfortable during the time they will stay there depends on knowing about the culture in the area, the schools, the public services, etc.

3) PERSONAL NEEDS

Personal well-being is important in cases when a member of the family needs special attention. An elevator, a baby’s room, a park, and even a pool are amenities that have to be considered in terms of indispensability.

4) LENDER OR FINANCIAL INSTITUTION

A loan could simplify the process during the purchase of the property, even if the bank operates in another country.

TOP 7 BEST LUXURY NEIGHBORHOODS IN FLORIDA

DORAL

It is one of the most popular neighborhoods due to its strategic localization. This place is surrounded by iconic tourist sites such as Vizcaya Museums and Gardens, Miami international Mall, Miami Design District, and Miami International Airport, which is why this neighborhood has become an excellent point of attraction for investors.

BRICKELL

Brickell is an urban neighborhood in Greater Downtown Miami. This place is one of the fastest growing destinations for tourists and immigrants. Brickell also mixes the old and the new architectonic culture of the city. Here, we can find a large list of luxury hotels and historic condos. In fact, according to Forbes, Brickell is the hotspot with the most newly built condos, and nearly tripling its population between 2000 and 2016.

KEY BISCAYNE

Hotels, restaurants and attractions are probably the most suitable words to describe Key Biscayne. This little exotic island is located in the center of Miami and offers a wide variety of outdoor recreational activities, including boating, fishing, tennis, golf, bicycling, amongst other things.

MIAMI BEACH

  

Known for its Latin culture influences and night lifestyle, Miami Beach is a group of islands located east of Miami that seems to be the most attractive for tourists. Either for walking on the beach, or to party at night, this area is essential to visit, to enjoy the sun, and to have once-in-a-lifetime fun.

CORAL GABLES

Coral Gables is a movie neighborhood. Its huge mansions surrounded by manicured gardens and immaculate streets give the impression of being an almost perfect place to live.

COCONUT GROVE

Coconut Grove is a neighborhood located in South Miami. It is characterized by its modernity and tropical environment. Today, it’s home to professionals in different areas, such as advertising agencies, design and architecture firms, film and TV production, and developers of all kinds.