Join the dynamic duo, Ted Hicks and Scott Benson, on the latest episode of The Real Estate Mortgage Insiders. In this engaging installment, they are joined by the vivacious Alina Meladina from Miami, Florida, who shares insights into some exciting real estate opportunities.

Alina starts by discussing her listing of a stunning $3.5 million condo and the successful open house held last weekend. With multiple all-cash offers on the table, Alina is carefully considering the options. Ted chimes in, shedding light on various loan types that would be suitable for such transactions. He mentions a fix and flip loan that could provide up to 70-75% of the condo’s after-repair value. However, it’s important to note that this loan has an 18-month term and will eventually need to be converted into a long-term loan.

Moving on, Alina reveals another gem in Coconut Grove—a $3.7 million property within walking distance of the marina and restaurants. This raw-finish property offers tremendous potential for renovation, with costs estimated at $750K. The intriguing aspect is its zoning classification as a former nightclub, which Alina and the team are negotiating with the condo association to allow commercial use once again. The possibilities are vast, ranging from a gym, spa, to even a commercial shared office space. With such diverse options, the post-renovation value becomes an exciting variable.

Ted takes a moment to discuss his own investment property quest, focusing on a more modest budget of around $1 million. Alina, ever resourceful, presents a project that might suit Ted’s needs. Enter Group 11, a globally recognized company for nightclubs and street entertainment. Their construction project, 11 West, has witnessed rapid sell-outs of the first two towers.

The third tower, managed entirely by Airbnb, offers an enticing competitive advantage. With a nominal 15% fee, prices for studios start at $500K, while one-bedroom units hover around $800K. What’s more, the building boasts exclusive entertainment options solely for its residents. Though completion is slated for 2027, Alina predicts the third tower will deliver exceptional performance.As the conversation unfolds, Alina also highlights other attractive properties. The W Fort Lauderdale, situated right on the oceanfront, promises a net expectation of approximately 5-6%. Studio units here are priced around $700K, while two-bedroom options exceed $1 million. Additionally, Alina expresses her admiration for the W South Beach, renowned for its exceptionally high occupancy rates. Preliminary estimates for studio units in this location are around $1 million. Stay tuned for next week’s episode, as Alina promises to provide detailed information on rates of return in South Beach.

Join The Real Estate Mortgage Insiders as they continue to uncover lucrative real estate opportunities, educate viewers on loan options, and delve into exciting investment prospects. Don’t miss out on the wealth of knowledge and witty banter that Ted, Scott, and their esteemed guests bring to every episode.Disclaimer: The information provided is based on the opinions and observations of the show’s participants and should not be considered financial advice. Always consult with a professional before making any real estate or investment decisions.