How do we spend the beginning of 2024 in South Florida?

Wishing You a Happy and Successful New Year!

How do we spend the beginning of 2024 in South Florida?

With Growing Numbers

The number of Florida Residents: more than 22,5 Millio people call the Sunshine State home.

Visitors: Visitors reached 105.2 million by the third quarter of 2023, in 9 months -the Governor stated it during a Nov. 16 statement (FL had 105 million visitors were before Covid in the entire year).

With New, Unique Buildings

Miami Beach is redeveloping.

72 Park Miami Beach

The building is expected to be completed in the middle of 2024 a few blocks from the well-known Collins Avenue, Miami Beach Boardwalk, malls, shops, stores, sport-and cultural events, just North from South Beach.

The future, neighboring home prices expected to be significantly higher following the newly developed area’s opportunities and prices.

Please read more about this project on our website (floridainc.us) among the Miami Properties. Be our next Client, a Buyer and an owner of 72 Park Miami Beach- before Autumn. Please follow our News!

Another interesting property, the USA’s first NET-POSITIVE solar-powered residential community located in Florida’s west coast, ½ a mile from the powder-sugar, peaceful beaches of the Gulf of Mexico. The three-story single-family homes have elevator and a private pool. A canal around the community provides direct access to the Gulf of Mexico. Short-term rent is allowed (e.g., Airbnb) if the owner wish to rent it out. Prices currently from 1.4 M

Be our next homebuyer and the Owner of a net-positive home- perhaps with rental income!

Utilizing American loan is possible!

With Savings

Keeping the saved money and asset could be only a minimum goal!

Diversification and leverage

Leverage: instead of using all cash, using some loan when purchasing a property. It is an always current and significant question: how will the invested one dollar become two? When a homebuyer is able to pay all $100, however, from the same $100, for instance, with a 30% down payment he or she can be an owner of a $300 property. Accepting the fact that in Florida, the average, annual property value increase is 7-10%, then it is worth to calculate further. In the first case, with an 8% value increase after 4 years the property worth $136, and in the second scenario, its increased value is $408. It is a significant difference to became 36 or 108 dollars wealthier with what the invested $100 produced. Also keep it in mind, that the loan should be paid back by the rental income – managed correctly.

In the USA, the local property buyers valuing and handling he loan differently than in Europe. The majority of loans can be paid back earlier than its term and without penalty. The property itself is the guarantee. Most people even if they could pay the property with all cash at time of purchase, rather apply and utilize for more beneficial loan. Moreover, its interest is tax deductible.

Diversification: Your wealth and portfolio are more successful and less risky when it is invested in different options and perhaps not in the same country.

The gem of your portfolio could be a Florida property where part of your portfolio is reliable, creates a steady income, and easily manageable. Also, as an owner, may use it, lease it out, sell it later, or provide it to someone as an inheritance.