Thanks for visiting Miami Investment Property! I'm June Yang ...
I love Miami. It's a beautiful city with equally beautiful scenic views and homes of all types. Living here is a dream for many people, and I'm happy to be able to contribute to making those dreams come true.
This web page is my own little space to share my ideas, thoughts and dreams with you. I hope you'll check back often to find out more about me and about my company, Miami Investment Properties. We're here to help!
To start getting acquainted with my readers, neighbors, friends and clients, I encourage you to visit me on Twitter and Facebook. Feel free to comment or ask questions at any time.
I can't wait to get to know you! June
Why Choose Miami Investment Property?
Miami Investment Property is without question the premiere South of Fifth Street real estate agency encompassing your every real estate need. Whether buying, selling, renting, residential or commercial our agents are at the top when it comes to knowledge and experience. There is only one choice so call today for a complete review of all your real estate needs.
Real Estate Customer Reviews
Buying property in South Beach is tricky - every condo building has its pros and cons, and finding one that fits with your budget and requirements requires that your agent be well versed on the particulars of every building. The folks at Miami Investment Property were great at making sure that the properties that I purchased were a good fit for my lifestyle and budget.
Unlike the larger real estate "factories" that I've worked with, at Miami Investment Property you get individualized attention, plus multiple viewpoints, from not only your agent, but the owner of the company.
I would use Miami Investment Property the next time that I purchase or sell a property in South Beach.
Tom D. Resident of Continuum South Beach
You have given me an opportunity to have a better insight into the market in South Beach so that when we are ready you will be my first call. I am being honest when I say it was a pleasure to meet you and I feel I would like to do business with you in the future and would have no problem sending clients your way.
Colin S. UK resident
Exquisite boutique real estate office with exceptional service and knowledge of Sobe and Sofi. June is the broker/owner and is phenomenal in her knowledge, dedication and insight. I have bought and sold property for years in the US and abroad and she is the finest real estate professional I have ever worked with. She was amazing in her ability to target and broker the best possible property for me.
Michael C. SOBE resident
Big Beach Bargains
Miami Condos and Real Estate Properties
November 2007 Seven months ago, Josh Woodward, a restaurateur who owns South Beach's Table 8, signed what he thought would be his last short-term lease. Tired of renting, he was ready for his own piece of the real-estate pie.
"I felt like a chump for missing out on the meteoric rise [of the real-estate market], when people were buying multiple units pre-construction," admits Woodward, 35, who's been spending $4,500 a month on a 2,000-square-foot two-bedroom, 2 1/2-bath apartment in South Beach's Murano Grande since the building opened four years ago. But given today's softening market, Woodward recognizes that holding off on buying might have been a blessing.
"There are so many people who bought multiple units that come closing time, they can't make the final payments and are trying to unload at low prices," explains Woodward. "You can step in their place for 15 percent less than what they spent pre-construction."
June Yang, owner of Miami Investment Property, who specializes in pre-construction, high-rise, waterfront properties in Miami Beach, seconds Woodward's logic. "Any time you buy pre-construction, you should buy at the very beginning or the very end, when the building is getting ready to close," she says.
"Then you'll find some people who are financially not as solid as they were three years ago and just want to get out." But cashing in isn't so simple. As soon as Woodward started scoping the market, the good deals just kept getting better.
"Each week, you open up the real-estate section on Sunday and prices for a two-bedroom have come down $25,000," says Woodward, whose Table 8 franchise is set to expand to Manhattan's Cooper Square Hotel in eight months. For that reason, Woodward is waiting once again, hoping that in a few months he'll have even more opportunities and be able to afford an even more luxurious property.
On his radar is the Continuum II, located on the tip of South Beach in the South of Fifth (SoFi) area. Yang says some pre-construction units went for about $500 a square foot in 2003 and 2004. Early buyers interested in unloading units, Yang says, will "probably want you to pay closing costs and real-estate commissions, so you'll end up at $600 a foot."
The developers have been selling units with direct ocean views that originally sold for $1,000 a foot for $1,400 a foot today.
"But if you're smart and want to buy something, you won't buy the last few units from the developer," Yang says. "You'll wait until the building is going to close and find the investors who bought in for very low [who are] willing to sell for a small profit to avoid a carrying cost."
Woodward has also looked at other SoFi buildings such as Apogee. "I will make some offers if I fall in love, but offers that I'll feel really good about," he says. "I'd like to see what's left at the end of the season when these speculators will be even more desperate."
That is if he opts for a condo at all. "What's scary is that depending on how many people default, the monthly maintenance could go through the roof," Woodward says.
His other option is a house. "I'd like a dock and to be right on the water," he says. "I'm expanding my net a little bit. I definitely haven't ruled anything out. I'm keeping an open mind about what and where."
Read more at The NY Post
About the Owner
Real Estate Agent Miami Beach FL
Born in Seoul, Korea, Joonok "June" Yang is a graduate of Florida State University and holds a Masters of Business Administration (MBA) from the University of Miami. She has lived in Miami Beach since 1988. June has a background in computer science and business and has worked in residential and commercial real estate in Miamisince 1999. She specializes in pre-construction, high-rise condominiums, waterfront homes and investment properties. June is revered among clients, peers and colleagues for her extraordinary insight into Miami real estate along with her dedication, professionalism, and "nothing is impossible" philosophy."