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If you have the capital to invest in Miami real estate, consider taking advantage of the financing and deals offered by developers on Miami preconstruction condos and homes. In many cases, before the condo is even complete, you can turn around and sell the unit at a tidy profit. You can also hold on to the unit and rent it out.
Some condo developers are not allowing investors to buy condo units because many Miami condos are more desirable if they are owner occupied. However, if you can find a preconstruction opportunity where you can invest early and benefit later you'll be glad you did.