I think I am in love (shopping for a condo in Miami)



I continue looking for a house and today we’re in Miami!
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Timestamps:
00:00 Looking for a house in Florida
01:07 An apartment tour
04:06 Is it possible to have a positive cash flow
06:01 Thanks, RingCentral, for sponsoring this video
07:07 Off to explore Miami
09:24 Calculating the price
11:37 Would I live in Miami
13:20 Do people rent houses in Florida
15:31 Why I don’t buy now

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  1. I suggest letting the slower life be a new influence. When you look back and have spent more time with your children, your spouse and loved ones, making fun memories than you have versus “ getting rich… richer… or richest “ you’ll realize you’ve made the best investment of your life. All the addiction to the hustle doesn’t really “add up” in the end. Life goes way too fast. Watching my parents work their whole life, to become wealthy…. Then lose it all after having a stroke and illness and not a dime to leave their kids like was their whole intention…. Makes one realize the memories that could have been made instead of all that nonstop hustling would have been a far better choice. We make hustling who we are and hard work who we are and our health goes down, our time for what matters runs out every day and we don’t admit it to ourselves and reality is we cheated ourselves and our family. We meant well, but instead we robbed everyone to reach our goal. I’ve seen the richest people in spirit in the poorest in the world…. I’ve seen some of the actual richest people also be rich in spirit and also be the biggest givers in the world. I’ve seen also those who chase everything to lose everything to unexpected market changes, life accidents, or health. My goals are shifting to spend more time with my kids than ever while seeking out the most joy than ever. That’s the good that’s come from the tragedy I learned from my parents riches to rags instead of their rags to riches story they had intended. As their son… I could have instead had way more great memories with them as a kid if they were going to lose it all anyways. I would have loved to have more time with my mom, or had my dad in a better mood than just the robot worker. I make sure to spend good time with my wife and kids as possible and never ever work on Sundays and spend it only resting and being a kid with my kids. I take 3 months off a year spread out into different time off – even if it costs me too much I know I’m investing in time with my wife and kids they’ll grow up to remember forever. My best investment will be to make sure my children are rich in Spirit and Hope and happiness and Joy… whether I die rich or poor, I know that my children will have had the actual best side of me I could have possibly given them in the end. And that inheritance is the one I would have preferred from my own parents as a child and as an adult… I do resent not having them truly present in my life. Even in front of me they were still lost in thought to work or responsibility. I suggest to you, and to all…. Be Present, and that is the greatest Gift you’ll ever give. Much love, and God Bless.

  2. Oh my God that's amazing,l wanna go to the US that's my biggest dream in my life 😍 ♥ l wish I can be American citizen in the future,you are the happiest woman,l am a 15 year girl, when I started to watch your videos I decided to improve my English skills, whenever I will be American citizen,good luck with your work

  3. HOA fees + taxes+ airbnb fee + property management fee = very hard to cashflow and there is no way you will "double your money in one year" like the agent claims

  4. Hello Марина! Random question but what song is used at the end? It’s kinda catchy. Also, I would be kind of concerned about hurricanes or something in Miami. (Although I can’t speak from experience, I feel like I just hear about them)

  5. I live at 2501 s ocean dr.. they allow 90 day min rentals. I dare say the feel of the building v price is top notch for our immediate area. I've lived here full time 12 years and may rent my unit soon. you found our little jem neighborhood.

  6. I also posted a long comment about mostly California being the place to leave but in regards to your question about the market right now.. Remember for most of us in America we are in a major recession.. Groceries for every household is wayy up.. nearly 2.5x for me monthly than before and this has never happened in my lifetime..even in 2008 only gas went way up and a few things not egg, bacon, bread, juice, pop, everything.. The states and even countries who mis-managed Covid caused serious problems… technically our entire country went bankrupt when the politicians used covid to shutdown everything "to stop the spread" but it actually didnt even slow it down but they kept doing in many places ran by democrats because they politicized it.. You dont even want to know how much money was printed and shipped to banks to save us from going into basically a completely failed economy where people would be killing each other over a can of beans… that was nice to avoid but they also didnt tell anyone how they would correct this later on or what impact that would have on us later on.. basically the us dollar is not worth much right now but somehow they have still been able to keep things from going way down to where it truly should be… we are in a huge bubble right now.. bigger than 2008 by far and if it pops like it prob should we are all going to be in "bread lines"..

    Also, the past several decades I think has given many people mostly young this false narrative that everything they buy in real estate should double or triple and pay for itself or whatever.. remember everything has risk you just do your due diligence to mitigate the best you can but we cant expect to win on every single thing. Also just based on how you are approaching this and how you worded things I feel like you are an obvious smart person in the tech space like myself and we tend to view things similar and all that but were not real estate experts and if I didnt have too much time on my hands I wouldnt know this either but basically you are not talking to the right people or the right group of people.. for the "average" person you would be but I really really believe in you position and what you are trying to do you really need to speak someone who is a Florida real estate expert not a broker, agent or "this guy" or "that guy" because they are good.. Given your YouTube "Fame" the person or people I have in mind would 99.999% likely trade content/mentions with you in lieu of their normal fee which is $500 bucks for a quick phone call and outside of a yearly conference I think you normally wouldnt be able to get them to meet and talk but if you go out there with an idea where they will get content and you will have a video with them and mention them I know for almost a fact they will do it because Graham Stephan did it with them and he swore he wouldnt move from california and then he was gone instantly after talking to them..he went to vegas which many from cali do so they can drive back if they have family or want to still enjoy certain things but like i said the whole approach you have could sound good and feel right and he will tell no its wrong because of xyz do this… hes got a nasty mouth and hes new york vulgar but no one has ever said anything negative about his advice that i have ever seen… his son just bought a house near miami on a canal with ocean access for 1.5mil and is doing the rehab (contractors) and its instantly worth 2.8mil and while they own it they now can park their "yauct" free which was a 10k month expense prior.. These guys are sharp dont let the YouTube acting and stuff push you away… he wont steer you wrong and he also wont get involved with you like try to sell you a place because thats not what he does they mostly now do hotels and strip malls and they do some big houses down there and they mostly only do deals where they make big money or equity so if that requires rehab they will do it… he might tell you to look at a town 2 miles north of miami because the deals are much better.. either way he will say its tough in florida there are many peeople loooking for deals there but it can be done… it would be really cool if you did a collab with him regardless!! Look Ben Mallah "Life for Sale" on youtube.. they have a big channel now but its still growing and they did it fastttttt so he is really willing to trade his time with the right content creators.. watch his video with graham stephan its now old i guess but might have some value.

  7. I know it might not seem obvious to someone who has spent most of their time living and working in or near San Fran but I just wanted to say California is officially dead in terms of being "the place to be".. The first time in its history it has more people leaving than coming in and there is no nice was of saying this but the average income leaving California is well into the six figures on average and the people that are still coming there are said to be nearly 90% immigrant labor workers earning less than 20k year meaning they cost the state money each year on average.. They measure a states decline in stages and in 2018-2021+ Californians reached the period of "last option" which for some was assisted by Covid but for many had nothing to do with Covid..you might not understand the politics from a historical US perspective but basically you have stages where you try to let things work themselves out with time..then you try with voting… then you go to really pushing certain candidates to replace the ones failing the people and the last stage is if none of that works you leave and because California is California that last stage took longer than usual and was tough for many but the data is in the moving companies and the property values and sales where many of these mostly top 2% people went which included Florida and many in the Miami area.. That condo/Apt was prob max 500k 2 years ago and max 380k 5 years ago.. I looked at Miami condo in 2014ish and many were way bigger, higher end, on the beach and most were well under 500k and then I mostly looked at renting first and high end condos were 1500-2600 max..sure you have your crazy expensive special places but the average place was well within my range and since I would instantly save 4.2% a year on state tax it would have been a complete even wash to move from the freezing pit of Ohio to sunny Miami which was crazy but I ended up randomly getting an illness one day that changed my life for the worse and yeah. I was competitive like you and had that energy until one day I woke up sick and spent nearly 75 days in hospitals that year and still now am worse ever year but my point is being competitive and energetic isn't a California thing because its California and people are just this way its actually that was because people HAVE to work 25% more on average just to afford the rent/mortgage payment and then they also have to hustle and this is why so many "important" people or influencers use stimulants like Adderall up to cocaine to be able to deal with that "hustle".. I just watched a long format video recently about a family who moved to Florida from SF and they didn't even know that a climate like Miami existed in the USA they thought only California had nice weather until Covid kept them at home and they started to travel as a family while working remote and found Miami The moment you leave California and go to Florida, Texas, Nevada or any state with no income tax you get a 13.x% pay raise.. 13 plus percent! If you earn 1 million dollars per year which many do in SF but we will use that as of flat example.. thats an extra 130k a year in your pocket that's not being STOLEN from you by a state/local government which has proven themselves to be so inept for so long that the most important and wealthy people in the world actually got sick of it to the point they left a place that was to die for in many ways but these people who take more money from their citizens than any other state but still somehow have millions of homeless and all the problems California is going through.. this is unfortunately the end game of far left democrat policy… California used their location and peoples love for what it had to offer to survive off taxing the rich higher and higher and they have admitted even they didn't think these people would ever leave California until they were taking over 60% of their income but they learned the hard way we have other nice areas here in the US that are ran by sane people with conservative values and the cities and states are in MUCH better condition with ZERO state taxes so then they start realizing the people running California were just stealing and wasting all that money for all those decades and they morally cant suppose that with their businesses and/or job incomes any more… I would tell you to take with some people who left like Joe Rogan who wont give you BS but will shoot it straight with you.. If you stay in California they are going to take much more of your money in the coming years because they simply wont have any other options but to tax more on people who stayed and beg the federal govt for help but they wont even consider changing their policy that creates this mess so California is in its beginning stages of full collapse and being proud and sticking it out is usually something you can applaud but in this case only fools are sticking it out there and people who don't have a choice because they live paycheck to paycheck because of the extreme costs already or have elderly parents who wont move but IMO buying a house or property in Cali right now is for the first time prob super risky as many many more people are set to leave the state the demand is going to drop way down.. When people who look to come to the US now like you did they don't have to go to silicon valley to be successful.. they can go to many places like Atlanta, Dallas, Miami and even smaller Midwest towns like northern Cincinnati and St. Louis.. You can get a tiny condo or super tiny old house "near San Fran" for 4k-6k a month or prob 1.5mil plus to buy and have neighbors so close you can hear them snore at night plus and have over 40% of your income taken total every week yet you cant walk down the streets safely or without stepping in human feces or seeing all the addicts living in tents with needles everywhere or you could instead get tax incentives for 10-20 years to open your business in a beautiful northern Cincinnati suburb where many fortune 500 HQs just happen to be at already and you can buy a dream home that's nearly brand new or build a brand new dream home in the #1 school district, a place voted #1 in the country to live in general a few years back for under 500k and it would be an enormous brick luxury home with a huge back yard and you could leave your doors unlocked and never have an issue ever (i lived there 6 years) or rent a big house like i did for 1300-1800/month.. a million dollar house there is possible but you would get something with loads of property and the house would be nearly a mansion even with prices tripling since i moved there in 2011 it would still be hard to spend a million on a house with so many perfect huge places in the 350-550k range.. also there are many parts of town that are still 100% safe and beautiful that where built in 2000 or around there and might not be entirely brick and go for 200-275k and people still consider that high end but you would probably be a bum if that was your budget in California if that could even buy anything at all.. point is.. if your wanting to be in cali because you are competitive and like the hustle just remember thats not going to be there forever and you also will one day treasure relaxation more (it comes on hard around 35 lol) and once you realize that hustle is actually bad for your health and its mostly driven because your overpaying for everything there to fund the billions they pay for welfare and things for the people who keep voting these same guys in office you perspective might change.. many of us go a time period where we feel ok paying more if its helping people but after so long and everything only gets worse (if you pay attention) you end up realizing its a sham and you stop that leak.. just remember a 1 million a year gross earner will have about 130k a year or over 10k a month saving by moving away from Cali and 10k could literally cover an amazinggggggg home, car payments, food and everything for a household of 5… I spent about 5k but I rented a slightly older house with a big yard for the dogs vs luxury.. They aren't using the money they take in excess of all other states for anything good or they wouldn't have massive problems in every area like they do the numbers don't add up and now with Tesla/Elon, Joe Rogan and many famous people gone other people who are high earners but just not name famous are following and that's why a U-Haul is so crazy expensive right now I wish i owned 1000 moving trucks I would send them to California first thing tomorrow morning

  8. Miami or Florida in general is an appreciation market (growing net worth). As rents increase you’ll cash flow more over time. I live in Naples and our homes have almost doubled in past 2-3 years. You can’t beat the beach 🏖 and thousands of people per day are moving to FL.

  9. Lived on Miami Beach for 3 decades. With today real estate market, it is very subjective. What the video does not explain is the on going home insurance issues and problems in Florida.
    If you can live without the beach, central Florida/Orlando/ or small city Ocala provides better dollar value and no hurricane evacuations.

  10. Great video! I had the same impression on a rental near the beach rather than a drive. However, some might pick the later just to save on an airbnb. Sit and wait is the way to go! With high interest rates and high prices it's not the best time to buy real estate. The interest rates will eventually bring down prices which will create opportunities. Patience always pay off in investments. Good luck on your search!

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