Is Miami a good location for 2nd home investment?

**Natali** · 06-15-2010, 06:14 AM

Hi.
I was offered to buy a home in Las-Vegas as an investment. I hope to earn mostly from its appreciation. The House costs 60,000$, and the rent is 370$ a month, guaranteed for the first year. I hope to sell the house for 100,000$ in Five years.
However, I am worried about the general situation of the American economy, which doesn’t seem to be picking up jobs fast enough, and I’m not so sure that the rent will stay the same for future years (assuming I can rent it…). Do you think Miami is a good location for a second home investment, and represents a good return in comparison to the riskiness of this deal? Are there any other cities in the US which represent a better deal, as far as you’ve heard?

**John Willson** · 06-24-2010, 01:23 AM

Hi,i think Miami is a good location for 2nd home investment.

**marykaichini** · 06-24-2010, 01:43 AM

Sure, it's a popular tourist place where houses can bring good money. I wish I had a house there.

**jholder73** · 06-28-2010, 12:39 PM

I am seeing faster recovery of property values outside of the major cities where the markets are a little more stable.

Miami is a great location to invest in real estate. I made most of my money there before the market tanked and I moved out of state. In my opinion it will still be several years before any significant money can be made on short term appreciation . I doubt we will see those 18-24% appreciation rates for a very long time. Five years may be a bit too short. However, the prices are so low now it is hard to ignore. Long term buy and hold rentals would be the way to go. I would focus on single family homes or an entire apartment building and stay away from single condo units since the market is so saturated with them. Definately stay away from time shares and those hotel buy-ins.

**florida real estate** · 07-01-2010, 10:13 PM

Yes.. Miami is definitely a good location for investment.. You can go for it..

**vijendrasnv** · 07-14-2010, 03:54 AM

Miami is a good place for investment, here you can find various exotic location around the beaches and you can use them as a holiday ventures.

On the other hand, Connecticut is also a beneficial deal for you, if you want to invest in the US oriented cities.