A few years ago, the Opera Tower had some troubles selling units. But the issue seems to be resolved. Indeed the building has now sold the 2/3 of its units. What are the reasons for a sudden interest on that building?
The best explanation I can give you is the fact that the developer decided to attract buyers thanks to financial help and leaseback program. Read the rest of this entry »
Opera Tower
Yesterday I went to the Opera Tower in Downtown Miami because they are re-launching the project. Now that the market is picking up again, the developer decided to sell his units with a great investment program.
This is how it goes. You buy the unit of your choice but then the developer signs a 3 years lease agreement with you. He also will take care of paying the maintenance fees and any repairs that may arise. On top he is guaranteeing a 6% return rate on your investment. The only thing you have to worry about is paying your property taxes. This means a 4%-4.5% net return rate on any unit at the Opera condo. Read the rest of this entry »
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