Owning an apartment complex in Florida or a commercial building in Florida that rents spaces to businesses can be a great investment, especially for foreign investors who want to live in Florida. For example, Ytech International recently started $6 million renovation on Crystal Lakes Apartments in Miami Gardens, and they expect the renovation to be complete within 60 days.
“There is tremendous demand in the north part of Miami-Dade County, and south Broward County, for affordable rental housing,” said Yamal Yidios Char, president and CEO of Ytech International.
Although, in some cases, it is more affordable to buy a house than to rent, there will always be a market for renting both residential and commercial spaces. If you are interested in owning an apartment complex in Florida or purchasing a similar investment, contact Boyer Law Firm’s real estate and business attorneys today.
Source: South Florida Business Journal