U.S. News and World Report ranks Florida number two for fiscal stability among all states. This means the Florida economy is strong and reliable. Both features are assets when dealing with real estate investing.
Specifically, in South Florida, the economy is solid. Real estate investments continue to bring profits to experienced real estate investors. Commercial and residential real estate deals offer great investment opportunities throughout South Florida.
Why Invest in South Florida’s Real Estate Market
Miami is the flagship of South Florida. However, South Florida is much more than just Miami. Most people consider South Florida as primarily the three counties that make up the Gold Coast: Miami-Dade, Broward and Palm Beach. Many include the Florida Keys as well.
Since the 2008 recession, Miami and other South Florida communities experienced recovery and growth in both commercial and residential real estate. The many beaches, bustling cities and suburban communities help the strong real estate performance.
Areas like Golden Beach and Coral Gables support the luxury residential and commercial real estate market. While Hollywood and Hallandale Beach provide a more affordable alternative to many of the more expensive areas. These communities grew in recent years. Yet, the real estate market should continue to grow making for great investment opportunities.
The diversity and ocean access make South Florida a hot spot for businesses, retirees and immigrants. Overall, South Florida is a great option to launch or grow a real estate investing business.
South Florida Strong for Real Estate Investing Women
For women new to real estate investing or looking to expand your portfolio, South Florida offers a variety of investment options. The large amount of opportunities means you’ll be able to test out a range of real estate investing strategies.
In addition, South Florida includes many different types of areas to match a variety of budgets. In our experience, women are often more financially conservative investors than men. This is an asset when used correctly. The benefit of South Florida’s wide property values means you can grow your investments as your success grows.
We founded Real Estate Investing for Women based on our success in the South Florida real estate market. We love to share our strategies for success with our community of likeminded women. If you’re considering starting a career in real estate investing, South Florida provides ample opportunities to succeed.
South Florida Commercial Real Estate Investing
South Florida’s commercial real estate market is traditionally strong. The high levels of tourism, industry-friendly tax codes and growing population make for a solid business economy.
The diversity and ease of travel to and from South Florida make it desirable for U.S. and international companies. Plus, the South Florida population makes up a skilled and educated workforce.
All these factors combine to bring solid commercial real estate investment prospects. From office buildings to multifamily housing properties, the market presents many different types of investments.
South Florida Residential Real Estate Investing
The South Florida residential real estate market experienced large growth in recent years. However, lately, growth slowed. This is a good thing for real estate investors.
In fact, now is a great time to invest in luxury real estate in Miami and Fort Lauderdale. After years of oversupply, there are now few new luxury developments. With less supply predicted, prices should grow.
Other markets, like Hollywood and Pompano Beach provide an alternative to luxury real estate with more affordable yet growing property options. Whether you’re looking for a long-term or short-term rental or to flip a home, there’s a South Florida community to match your strategy.
South Florida Produces Results
As we discussed, the South Florida commercial market continues to produce positive financial results for investors. Historically, South Florida experienced growth and solid property values. The market is hot for commercial growth.
In addition, the large tourist population offers strong results for rental property owners. Plus, millennial and baby boomer populations are both renting in higher numbers than at any other time. This means, residential properties aren’t sitting vacant for long.
The combination of a strong economy with ample job opportunities, plus the popularity of South Florida, make for a reliable real estate market. Investors can feel confident starting and growing a business in South Florida.
Virtual Real Estate Investing
While South Florida is a great market for local real estate investors, virtual investing opens the doors to investors from all over. If you are not local to South Florida, consider the opportunities available through virtual estate investing.
Virtual wholesaling is especially quick and effective. If the market where you live isn’t hot, an online community like Real Estate Investing for Women helps forge relationships and provide guidance on useful real estate strategies, like virtual wholesaling. This introduces new market options, like South Florida communities.
Learn More About Real Estate Investing Strategies
At Real Estate Investing for Women, we’re dedicated to building a community of likeminded women who want to grow their real estate investing business. We offer training and support to help bolster your confidence and knowledge. Plus, we’ll help you tap into a network of ambitious and supportive women in real estate.
Contact us today to schedule a call to address your questions about Real Estate Investing for Women. Or, sign up for our training program specifically designed for women and by women. The goal is to help you understand the right strategies to launch your real estate investing career in solid markets like South Florida.