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Shorts - Miami Condo Market Investing Club™ Marks Latest Milestone With 1st Monthly Meeting
Manage episode 417435460 series 3242606
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(This is a preview of the Monthly Meeting for May 2024 of the Miami Condo Market Investing Club™. To watch the entire video, please visit:
https://peterzalewski.substack.com/p/miami-condo-market-investing-club-97a )
The Miami Condo Market Investing Club™ achieved its latest milestone - holding its first Monthly Meeting - since being launched in January 2024 with the objective of creating a community for members to share realtime, actionable information on the latest real estate trends, opportunities and service providers in Miami.
Expert Peter Zalewski - a former financial journalist, a Wall Street consultant, a licensed Florida real estate broker and a court-admitted expert witness - hosted the event on May 8, 2024 from his office in Greater Downtown Miami.
This virtual meeting - which is exclusively for Club members - is about 77 minutes long and includes a Questions & Answers segment between Zalewski and Club members.
During the presentation, Zalewski discussed the confusion - bordering on disruption - that currently exists in the Miami condo market at the end of the South Florida Winter Buying Season as the region deals with a variety of headwinds, including:
the 2025 Florida condo association financial cliff;
the dramatic changes coming in July 2024 to the process of purchasing residential real estate following the National Association Of Realtors commission settlement;
the impact of Florida’s insurance crisis following the Surfside condo collapse;
the outlook for mortgage rates as the Fed has not yet cut rates as many expected;
the latest South Florida condo trends on a market-by-market basis;
and the outlook for rents that are the lifeblood of condo investors.
Zalewski also identified a few people who made the Club’s first Monthly Meeting possible since it was first conceived in 2022.
Zalewski cited his partner Jenny Huertas, the broker-owner of the Florida real estate company CVR Realty™.
He also highlighted some of the recent experiences “in the trenches” of veteran real estate agent Sylvia Gross of CVR Realty™ who works with value-oriented investors in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
During the meeting, Zalewski also announced a new partnership for the Club with Clarita Rosa, the longtime title agent and founder of Miami-based Candor Title & Escrow Services.
To watch the video of the Monthly Meeting for May 2024, you will have to join the Club. To do so, please visit CondoVultures.com/Membership/
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