All Forum Posts by: Aleksandar Milosevic

Depends where you want to be at the end of the day. if you will be here a while then buying is a good idea, you will build equity without a doubt. However if you want to leave soon then maybe renting is the better option for you. Remember properties are cheaper outside Miami which looks attractive year 1 but year 5 the rent growth in large metros will so far outweigh the first year difference it is worth buying the more expensive place now more times then not. 

Depends where you want to be at the end of the day. if you will be here a while then buying is a good idea, you will build equity without a doubt. However if you want to leave soon then maybe renting is the better option for you. Remember properties are cheaper outside Miami which looks attractive year 1 but year 5 the rent growth in large metros will so far outweigh the first year difference it is worth buying the more expensive place now more times then not. 

@Aleksandar Milosevic, well if your plan is to stay long term (at least 5-10 more years), I would advise buying as rents are going to continue climbing. There are many benefits to homeownership including a fixed mortgage and you can write off the interest. Is there a particular area of Miami Beach you'd like to be in? It is expensive in Miami but if your plan is to stay, it will be more expensive to rent later. I'd be happy to answer all your questions as I am both a realtor and investor in south Florida. I used to live in Miami Beach and Edgewater so I am familiar with the area.