Top LocationsWhat’s the Deal With Miami Beach Real Estate Investing? by Majdal Sobeh January 2, 2017January 30, 2019 by Majdal Sobeh January 2, 2017January 30, 2019A pure cultural revolution – that’s probably the best way to describe what Miami Beach went through the past few years. In addition to being the “fun, sunny” city, it has also left a mark on the map as a highly cultural place with its fine arts, high-end fashion, and classy dining. The demand for Miami real estate investing has been over the roof for quite some time. But, Miami Beach is one of the most loved locations in Miami city. Being one of the most famous and luxurious area in the city, real estate investors are constantly attracted to it. And perhaps, you are no exception. So, read along to have some of your potential questions on Miami Beach real estate investing answered.Why Invest In Miami Beach Real Estate?Real estate investors are constantly attracted to Miami Beach. Why? It seems that there’s quite a large domestic demand on luxurious housing in general. Miami Beach has proved to be one of the most luxurious spots in the country with its high end culture.What is truly special about Miami Beach is that it is still quite affordable compared to other cultural cities around the globe. New Yorkers, for instance, have been investing in Miami recently because real estate taxes are significantly lower. They can purchase two properties in the price of one in New York!Related Article: Why You Should Go for Miami Real Estate Investing NowIn addition to the high domestic demand, plenty of the demand comes from wealthy foreigners who wish to provide a luxurious, safe lifestyle for their families. South Americans, Chinese, and European citizens have particularly shown interest in this international hub. This foreign investment is a great influence on Miami Beach Real Estate Investing. It boosts the city’s economy and marks it as an international hub, encouraging visitors from all over the world!Is Foreign Influence Decreasing? Despite the high demand from forefingers as just mentioned, some real estate investors are concerned that foreign influence is decreasing. If it is decreasing, then there’s a direct effect on the residential real estate market, who are constantly buying, renting, and feeding the economy.Related Article: Best Places to Invest in Real Estate in 2017It is true that foreign influence may not be as strong as in the past years. This is telling of the global economy–there’s a recession in South America’s economy, for instance. However, this should not worry real estate investors in Miami Beach. As I said before, there’s an increasing local demand anyway that will keep the market going. Miami’s overall economy is also diversified, which won’t allow it to collapse or even decline easily. Worst case scenario, the demand will decrease, causing prices to go down (though this is unlikely), which will be good for you! So, all is still good for Miami Beach Real Estate Investing.Should I Go For Traditional or Airbnb Investing?Miami Beach real estate investing is pretty hot right now. Traditional real estate investing is a good idea because plenty of people are moving into this luxurious city for a high-end lifestyle, whether it be wealthy families, or young, single individuals.Aibnb is also a profitable option because Miami Beach receives plenty of visitors from all over the world. It receives about 35% of the total 10 million visitors of greater Miami. However, before deciding on Airbnb real estate investing, make sure you know the Miami Beach Airbnb laws well. You’ll need to apply for a licence and ensure that you fit in with its requirements first. Do your due diligence because many people have been fined for having short-term rentals.Related Article: Why You Should Consider Investing in Miami Airbnb PropertiesWhere Should I invest?Now that you now Miami Beach Real Estate investing a great idea, it’s time to start thinking where is best for you to invest in Miami Beach. Here are some recommendations. 1. Isle of Normandy: A beautiful neighborhood in the North Beach of Miami City, home of celebrities like Joan Field (concert violinist) and Roy Firestone (sportscaster and entertainer).Median Price: $249,500Average traditional rental income: $1,861/moAverage Airbnb rental income: $2,076/moOccupancy rate: 55.9%2. Oceanfront: A beautiful, frequently visited area in Miami Beach.Median Price:$290,000Average traditional rental income: $2,984/moAverage Airbnb rental income: $2,909/moOccupancy rate: 55.4%3. Flamingo/Lummus: An urban neighborhood located on the South Beach of Miami Beach, near the frequently visited locations, Biscayne Bay and Oceanfront.Median Price: $287,500Average traditional rental income: $2,088/moAverage Airbnb rental income: $2,378/moOccupancy rate: 55.4%When Should I Buy? Now! There is not a lot of time for “what ifs.” The home prices are rising because of demand, and it there is no indication this will change anytime soon. In addition, rent prices are up, but so are wages (so the population can afford it!). So, jump into Miami Beach real estate investing, while things are still looking pretty good!You can use Mashvisor to start looking for the perfect property in just a few clicks. Start now! Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL AirbnbAirbnb RegulationsMiami Beach FLRental StrategiesTraditional 0FacebookTwitterGoogle +PinterestLinkedin Majdal SobehMajdal enjoys writing about all things real estate. She has a background in Marketing and Social Media. Previous Post Why You Should Be Investing in San Antonio Real Estate Next Post Best Places to Invest in Real Estate: College Towns Related Posts Best Places to Invest in Real Estate in Q3 2020 Is Phoenix Real Estate Market the Place to Invest at the Beginning of 2018? Top Philadelphia Real Estate Market Trends for This Year The Best Cities to Buy Rental Property on the East Coast Best Cities For Airbnb Occupancy Rates Airbnb Miami Beach Laws: What You Need to Know Las Vegas Housing Market Beats Seattle Real Estate for #1 Spot in the US Buy an Investment Property in 2018’s Top 9 Undervalued Real Estate Markets Should You Invest in Airbnb Joshua Tree in 2020? 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