Making the decision to buy a Miami investment property is not as simple as plunking down the money and reaping the rewards. Before you invest in Miami real estate, you need to calculate the cash flow of the property. This is a relatively simple equation. First, asses the annual rental income and then deduct: Tax Benefits of Owning the Property Maintenance Budget Mortgage Payments
Hopefully this will yield a balanced or positive cash flow, in which case it will be a smart investment. If you get a negative cash flow and you can't adjust the rental income or the mortgage payments, you should probably pass. You don't want to get stuck with a Miami real estate albatross around your neck.
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