All Forum Posts by: Sebastian Giraldo

Its never a bad time to buy the right piece of real estate!!

Technically, there is 2 ways to see at it. There is unincorporated Miami-Dade county and several incorporated cities including city of Miami, which has its own rules. Majority have its own formal Vacation Rental - STR application process. Except Doral, Aventura, Coral gables they are strict and do not allow it. When it comes to the City of Miami there is thousands of airbnb listings it is quite ambiguous since there is no formal application and it is allowed by warrant or right with certain zoning. Here is a few zoning descriptions taken from the city MIami 21 ordinance with a few exceptions:
T4-R: authorized by a warrant
T4-L / T4-O / T5-L / T5-O / T6-L / T6-O / CI-HD / D1 allowed right
T5-R / T6-R: permitted by exception
Applicants can "apply for a warrant" by doing a search in the city of Miami website and follow the city permit application process. 

Thank you @Long Di for tagging me in the thread

It depends on your budget range and how long you're planning to wait. In my opinion if you can get a multi near flagler street in downtown youll be very happy you did in 3-4 years. Downtown will be the #1 commercial, retail and entertainment area in Miami. Moishe Mana the developer behind Wynwood is re-developing $400m of storefront commercial buildings in downtown. City water and sewer for higher density already in the works!

@Ginny Del Prado Hopefully you're east of Wynwood. Otherwise, if its in Allapattah I know of others who have pretty good occupancy and performance however, they're pretty close to the Metro station. Id recommend you to add a few amenities and outstanding pictures so you can set your self apart from all the other listings in the area.

@Andres Rodriguez Interesting. I see the same happening here in Miami and in Orlando, that is gentrification doing its magic. Unfortunately, a majority of locals don't see the value because we get used to it while outside investors snatch everything! Speaking from experience in Miami. 

What is the typical price per unit in the Springfield, Riverside, San Marco area? 

Are there any significant developments being built around these areas?

Hello All, im interested in learning about JAX multifamily buildings. I am looking to visit mid april with a few investor friends. 

1. find a mentor or broker who is who you can assist learn and copy his systems and or communication. If you do youll be on the fast express lane to success. No need to crash learn or reinvent the wheel.

2. Fail and fail fast

3. your world is as large as your courage

Hello BP Folks, I am interested in learning more about the JAX Multifamily market. Can anyone recommend areas of up and coming growth potential. Where would you look at and or look away? Im particularly interested in areas that have 20+ multifamily unit buildings.

@Kerry Baird yes i work with an insurance agent that does most of mine and my clients STR insurance

Not all existing buildings were built to withstand the traffic STR generates. Therefore, there is a handful that have been successful. Like others said there is several project like NATIVO, Smart brickell which have STR Program built in but sold out already and will be built this year. There is also some existing bldgs with a minimum 30 day buildings in great central locations which created a market of its own. The team and I are creating a list with a the new towers with an STR program.