Based in Miami, Suzanne DeWitt serves as the principal of Valora and offers a full range of tax attorney and consultancy services. Active with Tax Section of The Florida Bar, Suzanne DeWitt is knowledgeable about areas such as international tax planning and cross-border holding structures.
A recent Forbes article explored the unique opportunities offered by Florida real estate investments. With job growth steady statewide, other defining aspects of real estate prices are a continuing influx of retirees and Latin American assets that primarily flow into the Miami area.
One result of Miami-centered investments is that average house prices are 39 percent higher than the “income” price suggests they ought to be. According to Forbes, this recommends a short-term rehab and quick resale strategy, as well as selective investments in areas such as Miami Beach with perennially high demand. Those with long-term approaches can also flourish, as long as they have diversified holdings that allow them to ride out boom and bust cycles.
Savvy Florida real estate investors are increasingly looking at markets such as Panama City, where properties are not overpriced and values are increasing at an impressive 15 percent annual rate. Other areas with potential for significant growth include Naples, Sebastian, and Crestview. An experienced consultant is essential in maximizing value from holdings and minimizing potential tax burdens through creative partnership and holdings structures.
A recent Forbes article explored the unique opportunities offered by Florida real estate investments. With job growth steady statewide, other defining aspects of real estate prices are a continuing influx of retirees and Latin American assets that primarily flow into the Miami area.
One result of Miami-centered investments is that average house prices are 39 percent higher than the “income” price suggests they ought to be. According to Forbes, this recommends a short-term rehab and quick resale strategy, as well as selective investments in areas such as Miami Beach with perennially high demand. Those with long-term approaches can also flourish, as long as they have diversified holdings that allow them to ride out boom and bust cycles.
Savvy Florida real estate investors are increasingly looking at markets such as Panama City, where properties are not overpriced and values are increasing at an impressive 15 percent annual rate. Other areas with potential for significant growth include Naples, Sebastian, and Crestview. An experienced consultant is essential in maximizing value from holdings and minimizing potential tax burdens through creative partnership and holdings structures.
