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How quick will a property in Miami or Orlando sell?
Hi
I am a Canadian citizen and I'm planning to invest something like USD 300,000 to buy one or two rental income units in Miami or Orlando and keep for two years only. I understand the rental yield in these two cities are typically around 5-6% net (it's less than 2% in Vancouver, BC).
Does anyone know how long it typically takes to sell an apartment or a house in these two cities? A unit in Vancouver (although offers less rental yield) sells within a month or two.
Also, is it better to buy a condo or a detached house?
Thanks in advance everyone.
KR