Miami Real Estate Blog

Miller-McCune Shows Love on Valentine’s Day

Adrian Salgado (dash - a real estate company) — Wed, 18 Feb 2009 23:54:24 -0600

I have this Google Alert set up that provides me with an email update of the latest relevant Google results (web, news, etc.) for my name - Adrian Salgado - that I usually just skim through since most of the alerts link back to this blog or my Active Rain blog. However, this morning I awoke to a Google Alert with the words “Miller” and “McCune” attached to it and did the double-take a millisecond short of deleting it.

The article attached to the Alert, “The Slumming of Suburbia”, was published this morning by Miller-McCune, a solutions-based research magazine that “draws on academic research and other definitive sources to provide reasoned policy options and solutions for today’s pressing issues”.

The journalist behind the article, David Villano, emailed me a few weeks ago after stumbling upon a blog post I wrote a few months back titled “Suburbia: 21st Century Ghetto?”. He asked me to call him regarding some research he was conducting regarding a topic I am very passionate about - suburban America. After a few rounds of phone tag, we set a date and time for a phone interview, he asked me a few questions, I answered willingly, and the rest - as they say - is history.

I am very honored to have a quote, my name, and a thought attached to something published in such a prestigious and well-respected publication. However, I am much more honored by the fact that there are others out there who share the same (very serious) concerns I have about American suburbia and the death of the “American Dream”.

It’s sad to think that the same ignorance that allowed the destruction of American cities may once again be the culprit responsible for the suburban demise.

I hope it’s not too late. For an urban dweller’s sake.

Click here to enjoy the article.

Adrian Salgado is a Realtor Associate with dash - real estate company and can be reached at 305-491-7179 or SalgadoA@gmail.com

Foreclosure Opportunity - 1022 SW 156 AVE Pembroke Pines, FL 33027 Grand Palms - $562,500

Adrian Salgado (dash - a real estate company) — Wed, 18 Feb 2009 23:46:22 -0600

This 2-story single-family residence with voluminous ceilings on an oversized lot with golf course exposure in the Santa Barbara subdivision of Grand Palms, a gated golf resort community with a 27-hole championship golf course in the City of Pembroke Pines, was just listed for sale by the REO Team at dash - real estate company.

Property Characteristics

5 Bedrooms + Den
4 Full Baths
4,349 SF (Living Area)
14,964 SF (Lot Size)
3-Car Garage
Year Built = 1995

1022 SW 156 AVE Photographs

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This home is in need of minor repairs and updating. It features 2 bedrooms, a den, and 3 full baths on the first floor. The master bedroom and 2nd bedroom feature their own private bathrooms. The third bath on the first floor serves as a guest bath that is accessible from the pool area.

Marble flooring is in place in the living area, family room, dining room, kitchen, and guest bath.

An open kitchen (to family room) features wood cabinets with granite counter tops and stainless steel appliances. Floor-to-ceiling tinted windows in the family room flood the home with plentiful sunlight.

The second floor features 3 bedrooms, a loft area, and 1 en-suite bath. All bedrooms are carpeted. The staircase and loft area feature wood laminate flooring in good condition.

The exterior of the home features a swimming pool with spa surrounded by brick pavers. Three HVAC systems, a water heater, and water filtration system are in place.

Grand Palms is located in close proximity to the shopping and entertainment of The Shops at Pembroke Gardens and Pembroke Lakes Mall, the wonderful recreational opportunities of C.B Smith Park, and numerous major arterial highways (I-75, I-595, US 27).

Residents of Grand Palms can also boast about the two "A" schools (elementary and middle schools) and "B" school (high school) within their school boundaries (according to www.browardschools.com).

For more information regarding this home, please contact me at 305-491-7179.

Adrian Salgado is a realtor associate with dash - real estate company and can be reached at 305-491-7179 or SalgadoA@gmail.com.

La Parada de los Tres Reyes Magos (Three Wise Men Parade)

Adrian Salgado (dash - a real estate company) — Sat, 24 Jan 2009 11:38:35 -0600

It was the Vicks® NyQuil®. I knew I shouldn’t have. But damn, you know you’re not feeling well when it’s 80 degrees on your Totaline P474-1050 5/2 Day Programmable thermostat (courtesy of JP Air Conditioning), you’re shaking like a salt shaker and the Ying Yang Twins and Lil’ Jon are nowhere in sight.

I was supposed to meet Gaspar, Melchior, and Balthasar and….

The Vicks® NyQuil® knocked me out past noon.

Although I got there late (and missed out on the créme de la créme - Manny Diaz, Ileanita, Joe Sanchez, Julio Robaina, Matti Bower, etc.), it was pretty easy to figure out the order of things:

“Parade float” with big logos marketing to the Medicare-wielding Hispanic male and female demographic subset.
Convertible Mustang with Univision news anchor/reporter, talk show host, and/or actor/actress sitting atop back seat smiling and waving at crowd.
Motorcycle club of middle-aged men with middle-aged (but younger) woman in tow.
Marching band of local historically black high school.
Convertible Mustang with incumbent or aspiring local politician sitting atop back seat smiling and waving at crowd.
Scantily-clad females smiling, waving, and dancing (simultaneously) while marketing a sporting event/sports team.
Repeat (not necessarily in same order).

Yep, Leon had la orquesta.

The only thing better than seeing Raul de Molina (of El Gordo y la Flaca fame) sitting atop the backseat of a convertible Mustang would have been seeing Raul de Molina sitting atop the backseat of a convertible Mustang while eating Lili Estefan (la Flaca) one limb at a time with napkin tucked neatly under his chin.

“Fiera, te enterastes que voy a desfilar en La Parada de los Reyes Magos?”

Fiera: “No joda”!

“Si, el clu’ de moto mio va a desfilar. Tuuuto, El Flaaaco, El Chiiino, mi primo Arieliiito…to’ el mundo. Me llevo a Yanusleyska…”

I know they put the “F” in FCAT, but you can’t be serious. Don’t teachers teach students to proofread?

By this time I was doing “The Creep Dog” and leading it into “Throw the D” (My uncle Pee Wee would’ve been proud).

No pun intended, I’m sure.

A FUEGO. Papi’s reward for missing the Eagles vs. Giants to bask in the sun with his snot-nosed little one instead (I know - priceless).

I didn’t get this one. What does the sunglass-shielded cactus have to do with la Doctora Maribel?

Oscar Haza, the modern day Maximo Gomez. Maximo Gomez was born in the Dominican Republic and fought for Cuba’s independence from Spain. Oscar Haza was born in the Dominican Republic and fights for TV ratings using Cuba (sigh) as his only (monotonous, some would say) topic.

Somebody laughed at Baryshnikov too, I’m sure.

U.S.A. Jersey (in a knot) with Dominican Republic cap and Cuban flag = bachata + salsa + drop it like it’s hot. Wicked.

The people’s champ. It’s in his blood.

How on earth did this dude score Barbara Bermudo, princesa puertorriqueña (de descendencia cubana, of course) from Guaynabo City, PR? She is the reason why anyone would watch Primer Impacto. Women to try to look like her. Men to create a mental image for later on that night.

Peter Fonda approved.

“Hello, deja el show. Súbete la mini-falda hasta la espalda. Súbetela, deja el show, más alta. Que ahora vamo’a bailar por to’a la jarda…”

“No pague esa casa”! Alex Hanna of Alex A. Hanna Law Library at St. Thomas University-fame would be proud.

By now, I’m sure you’re wondering: “Where’s the picture of Gaspar, Melchior, and Balthasar?”.

Great question. The search party put together in search of los reyes was unsuccessful. They searched for camels, gold robes, purple robes, grass, but came up empty handed.

An unnamed source made the following statement off the record:

“Esos descarao’ desfilaron, pero se dieron cuenta que los habian cogido pal trajin, se acomplejaron y vendieron el oro que llevaban, se parquearon abajo de una mata alante del Presidente Supemarque con un doce de Jenika (Heineken®), se fumaron la mirra y encendieron el incieso. “

I guess I’ll have to wait till next year.

Until then…

Unnamed source

Photo Credit: The first image (artist rendition) of Los Reyes Magos on this blog post courtesy of Marisa Montes.

adrian salgado is a realtor associate with dash, real estate company in miami, fl. you can reach him at 305-491-7179 or email him at salgadoa@gmail.com.

The Loft Downtown II - 133 NE 2 AVE #1505 Miami, FL 33132 1 Bed/1 Bath Loft - $160,000

Adrian Salgado (dash - a real estate company) — Mon, 22 Dec 2008 17:40:20 -0600

This open loft space with polished concrete floors and 10′ ceilings in The Loft Downtown II features Italian kitchen cabinets with terrazo counter tops and energy-efficient stainless steel appliances. Spacious bath features high gloss Italian cabinetry with marble counter tops and a white drop-in sink.

Building amenities include a club room equipped with an entertainment center, a rooftop swimming pool and fitness center, and a ground floor lap pool.

133 NE 2 AVE #1505 (The Loft 2) Photographs

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The Loft Downtown II is conveniently located in the heart of Downtown Miami within walking distance to the Central Business District, Bayfront Park, Bayside Marketplace, and public transportation (Metro Mover station is located next to building).

This unit is tenant occupied and leased through February 2009.

Call me at 305-491-7179 for more information.

Adrian Salgado is a Realtor Associate in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Animal Farm by Federico Uribe

Adrian Salgado (dash - a real estate company) — Sun, 07 Dec 2008 11:39:10 -0600

Federico Uribe is at it again.

The same guy that took 750 pair of PUMA kicks (i.e. sneakers - for the slanguagely impaired) and turned them into "Human Nature" in 2006, took wood scraps, mops, clothes pins, pencils, ping pong balls, rakes, purses, corks, shovels, dusters, pliers, shoe laces, and just about any other household item you can think of to create "Animal Farm" this year.

Animal Farm

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The exhibition, on display in a 4,000 square foot warehouse space dubbed La Comunidad (2215 NW 1 Place) in the Wynwood Arts District, is being featured during the phenomenon/scene we now know as Art Basel Miami Beach.

A phone call seeking comments from members of PeTA was not immediately returned.

Adrian Salgado is a Realtor Associate. He can be reached at 305-491-7179 or SalgadoA@gmail.com.

Caution: Transporting Children While Macking Hoes

Adrian Salgado (dash - a real estate company) — Sat, 01 Nov 2008 08:22:57 -0500

I don’t know about you, but 20 years ago this is the guy I wanted taking me home from St. Michael the Archangel (Home of the Crusaders), a catholic school for those holier than thou.

Interlude: My fellow Crusaders, do you realize that for 8 years of our innocent live-inside-a-bubble youth we proudly wore the word “CRUSADERS” across our chest during Physical Education? I feel dirty.

As a matter of fact, I want my parents’ tuition money back, Father Paz.

Sister Carolyn, you were the best principle ever. I remember when you were my substitute teacher one year. I think it was 7th grade. It was one of the funnest days ever. You couldn’t control the students. That was the day I lost what little respect I had left for you. I love the way you used to twirl the back of your hair around while you would speak publicly to the students. It was of way of saying “I feel so insecure right now”. You were nice and soft spoken, though. I appreciate that.

Sister Mary Gil, keep your hands to yourself. If you were to try that now, you’d get your a*s handed to you. Kids nowadays don’t play. You think you got authority cause you’re an adult? Try again. Mary (can I call you that?), I always wondered who your barber was? He would hook you up with the illest flattops, square sideburns and all. I was so jealous.

Parents, the gentleman driving this Chevrolet Express not only assures your child’s safe return from school, he offers a lesson that can only be rivaled by the after school program held every afternoon on the southeast corner of SR 441 and Miami Gardens Drive.

Your children don’t want the oh-so-boring Maranatas, Franmars, and Carlos & Susanas of the world. Give ‘em what they want. Give ‘em the guy who uses caution when transporting children while macking hoes.

Photo Credit: Manuel “Manolete” Vidal

Adrian Salgado is a Realtor Associate in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 9221 SW 208 TERR Cutler Bay, FL 33189 - $285,000

Adrian Salgado (dash - a real estate company) — Sun, 19 Oct 2008 23:51:30 -0500

Not all foreclosures are created equally. This 5 bedroom/3 bath home set on a corner lot in Cutler Bay is in immaculate condition.

Property Characteristics

5 Bedrooms
3 Full Baths
2,555 SF (Living Area)
5,250 SF (Lot Size)
2-Car Garage
Year Built = 2007

9221 SW 208 ST Photographs

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This 2-story single-family home on a corner lot with voluminous ceilings is completely tiled throughout. First floor features a living room, formal dining room, open kitchen, family room, a ground floor bedroom, and a full bath.

Kitchen cabinets and kitchen appliances are in place and in maintained condition.

The second floor features 3 bedrooms, one bath, a spacious master bedroom with a walk-in closet, and a master bath with separate tub, shower and double sink.

The home also features a 2-car garage and a brick-paved driveway. Two central A/C units and a water heater are in place.

Home is located in close proximity to Old Cutler Road, US 1, the Florida Turnpike, Black Point Marina, Biscayne National Park, and Deering Estate.

For more information on this home, contact me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

MLS Photographs of the Month

Adrian Salgado (dash - a real estate company) — Sat, 18 Oct 2008 16:00:06 -0500

WARNING

What you’re about to witness are real pictures of a real listing posted on the Southeast Florida Multiple Listing Service (MLS).

Location: Hialeah Gardens, FL

EXTERIOR FRONT

LIVING/ DINING AREA

KITCHEN

COVERED TERRACE/ENTRANCE TO “IN-LAW QUARTER”?

CHILLIN’ IN THE COVERED TERRACE

I’m not sure what to make of this. Does this mean that the sale of the home includes Yellow Shirt Guy? Was Yellow Shirt Guy’s real estate agent too lazy to take his/her own photographs, hence a request to the homeowner to provide him/her with photographs of the home? Did Yellow Shirt Guy and his real estate agent kill two birds with one stone: MLS photographs and photographs for the family back home in Cuba?

Please help.

Adrian Salgado is a Realtor Associate in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 1631 SE 17 AVE (Keys Landing) Homestead, FL 33035 - $169,000

Adrian Salgado (dash - a real estate company) — Wed, 15 Oct 2008 08:56:32 -0500

This single-family home in the Keys Landing subdivision of Homestead, FL (known as The ‘Stead to some) was recently listed by the guys you all know and love.

Property Characteristics

4 Bedrooms
2 1/2 Baths
2,099 SF (Living Area)
6,028 SF (Lot Size)
2-Car Garage
Year Built = 2004

1631 Se 17 Ave Photographs

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This well-kept home features an open kitchen with upgraded Mahogany thermofoil cabinets, a formal dining room, living room, family room, and a separate laundry room with full-size washer and dryer.

The home is tiled throughout. Tile is damaged in certain areas of the home and needs to be replaced. Other than that, this home is in maintained condition.

Keys Landing is a gated subdivision in close proximity to the Florida Turnpike and US 1. It is a short drive to Key Largo.

Adrian Salgado is a Realtor Associate in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

**Foreclosure Opportunity* - 8116 NW 162 ST Miami Lakes, FL 33016 - $499,000

Adrian Salgado (dash - a real estate company) — Wed, 15 Oct 2008 08:48:42 -0500

This spacious single-family residence with 4 bedrooms, 3 full baths, a 2-car garage, and a pool with a gazebo was just placed on the market.

Property Characteristics

4 Bedrooms
3 Full Baths
4,159 SF (Living Area)
8,720 SF (Lot Size)
2-Car Garage
Year Built = 1991

8116 Nw 162 St Photographs

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Located in the Royal Oaks subdivision of Miami Lakes, this 2-story home on a dead end tree-lined street offers loads of living space. A double door entry leads into an ample-sized living room graced with plentiful natural sunlight made possible by a row of windows set high upon vaulted ceilings that open to above. An intimate family room with a gas-powered fireplace is directly adjacent to the living room followed by a ground floor bedroom and guest bath perfect for hired help. A formal dining room, fully equipped island kitchen, laundry room with full-size washer and dryer, and a 2-car garage occupy the remainder of the first floor.

The second floor of the home consists of a loft area with bedrooms split to each side. The spacious master bedroom with a large walk-in closet and a private master bath are split to the right, while two bedrooms and another full bath are split to the left of the loft area. All second floor bedrooms feature private balconies.

Additional features include a covered terrace, a swimming pool with spa, and a gazebo.

This home is located west of the Palmetto Expressway and is easily accessible from SR 826 (Palmetto Expressway) and I-75. It is located in a highly desirable school district.

For more information on this home, contact me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Sign o' The Times?

Adrian Salgado (dash - a real estate company) — Thu, 09 Oct 2008 16:03:57 -0500

This is Vista del Rio, a 7-story condominium building located at 624 SW 1 ST in the Riverside neighborhood of Miami (one of the first established neighborhoods in the city) and one of several residential projects (along with Neo Lofts, Havana Lofts, Morrison Condos, etc.) that are/were to serve as catalysts for the renaissance of the neighborhood (specifically SW 1 ST).

At one point, the project was marketed for sale on-site as well as online. Pre-construction prices for one and two bedroom units were starting at $179,900.

As I drove by several days ago, I noticed a banner hanging from a second floor balcony railing of the nearly completed condominium project.

A closer look brought yet another sign to my attention.

I know very little about this project. A quick Google search didn’t turn up any relevant information either.

Are there any Vista del Rio contract holders out there who can share their story with us? Inquiring minds, specifically those who bought and/or live in the area, would like to know.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 4640 NW 102 AVE #204-16 Doral, FL 33178 - $169,900

Adrian Salgado (dash - a real estate company) — Thu, 09 Oct 2008 13:27:12 -0500

This foreclosure opportunity consists of a corner 2 bed/2 bath unit with an open split floor plan and vaulted ceilings in The Village of Doral Place, an original Doral community with direct golf course exposure.

Property Characteristics

2 Bedrooms
2 Full Baths
926 SF (Living Area)
Enclosed Balcony
Year Built = 1989

4640 Nw 102 Ave #204 16 Photographs

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Unit features tile in the foyer, kitchen, and baths. Living area and bedrooms are carpeted.

An enclosed balcony provides additional living space and plentiful sunlight. A laundry room with a full-size washer and dryer corners the enclosed balcony, accessible from the living area and the master bedroom.

The Village at Doral Place is a very well-kept community with plenty of guest parking. Community amenities include a swimming pool, fitness center, clubhouse, tennis courts, basketball courts, golf course and gated entry with 24 hr security.

It is located in close proximity to the Florida Turnpike and SR 826.

For more information, contact me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 22660 SW 103 AVE Miami-Dade, FL 33190 - $174,900

Adrian Salgado (dash - a real estate company) — Tue, 07 Oct 2008 22:46:59 -0500

Yep. The Triumphant Trio at RED I Realty has another foreclosure offering.

This single-family home with 4 bedrooms, 2 full baths, and a 1-car garage was just placed on the market.

Property Characteristics

4 Bedrooms
2 Baths
1,669 SF (Living Area)
6,190 SF (Lot Size)
1-Car Garage
Year Built = 2005

22660 Sw 103 Ave Photographs

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Located in Riverside Park at Old Cutler Bay, this single-story residence offers tile flooring in the foyer, kitchen, and baths. Wood laminate graces the living room, family room, hallway, and bedroom floors. The home features a large living room with recessed lighting and an open kitchen with an eat-in island counter that flawlessly joins with a social/family room.

Three bedrooms are split upon entry to the right of the foyer. The master bedroom is set aside privately to the left of the living room and features tray ceilings, a large walk-in closet, and a private bath with dual sinks and roman-style tub.

The Florida Turnpike, US 1, Old Cutler Road, Black Point Marina, Biscayne National Park, the Deering Estate, schools, parks, and numerous retail destinations are all in close proximity.

For more information on this home, contact me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 7000 Miami Gardens Dr #4-527 Miami, FL 33015 - $56,900

Adrian Salgado (dash - a real estate company) — Tue, 07 Oct 2008 16:17:45 -0500

This spacious 1 bed/1 bath condo unit on the top floor of a 5-story building in Coral Gate West was recently listed by the REO Team at RED I Realty.

Property Characteristics

* 1 Bedroom

* 1 Full Bath

* 870 SF (Living Area)

* Year Built = 1973

* Condo Conversion = 2005

The unit features tile floor throughout the living area, carpet in the bedroom, a spacious walk-in closet, and a screened balcony overlooking the community swimming pool and tennis courts. Kitchen cabinets, kitchen appliances (refrigerator, electric range, dishwasher), and all bath fixtures (vanity, sink, toilet, tub) are in place.

7000 Miami Gardens Dr #4 527 Photographs

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This unit suffers from style obsolescence. Kitchen cabinets and baths are in original, but maintained condition.

Community amenities include a swimming pool and tennis courts.

For more information, call me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty and can be reached at 305-491-7179 or SalgadoA@gmail.com.

“A Lesson in Cash For Keys” by Lisa and Tony (the fiance)

Adrian Salgado (dash - a real estate company) — Tue, 07 Oct 2008 08:12:14 -0500

Lisa was prepared. She knows a good deal when she hears one.

CASH FOR KEYS (EFECTIVO POR LLAVES)

You wanna be the “fonqueta” around your pseudo real estate investor friends in the 4th quarter of 2008? Learn those 3 words. Then memorize it’s meaning.

Cash For Keys (Alicia’s 3rd cousin) has been around longer than the hat worn by Dr. Seuss. He just wasn’t hustling the streets for a minute. When times were good and unprecedented triple digit appreciation wasn’t uncommon, Cash For Keys went into hibernation. Foreclosure brought him back into the game, though. And it looks like he’ll be back to his hustling ways for a while.

With the amount of foreclosures in Miami-Dade rising at an alarming rate, cash for keys negotiations are taking place throughout this county on a daily basis. As a matter of fact, look around for a thin-set Jewban in a Lexus IS 250/350 (I don’t know the specific model and I know some people take their modes of transportation very seriously). That guy’s on fire making offers Vito Corleone can’t refuse.

So, what exactly is Cash For Keys?

The definition is in the name. Bank gives cash. Tenant or owner (whoever is occupying the property) gives keys to foreclosed property. It’s really that simple.

Occupants are asked to get out within a predetermined time frame (usually 21-30 days). The bank asks that the property be left in “broom swept” condition, that all debris be removed from the property, and that all major appliances are left behind (they basically ask occupants not to trash the place). If the occupants can follow directions (easier said than done in South Florida), the bank provides them with a check for a predetermined sum (this sum depends on the bank/asset manager one is dealing with) on the predetermined date.

Cash For Keys is usually a win-win situation for all involved. Banks save thousands on the cost of eviction, repairs, and replacements, take possession of the asset (property) in 21-30 days (as opposed to 60-90 with eviction), and occupants receive a sum of cash that assists with (at times satisfies) the deposit necessary to move-in to a new home.

Interlude: It’s usually a lot easier dealing with a tenant than it is with a homeowner. The tenant is usually out to get paid. The homeowner tends to be a little bit more emotional, hence the emotional decision to stay inside the house until he/she is evicted.

The other options besides Cash For Keys are waiting for the eviction process to play out or having an attorney (there are a prominent few advertising heavily on local Spanish-speaking networks) do his/her thing to elongate the process, buy the homeowner (who is delinquent on payments to the bank) time, and cause the foreclosure disaster to last longer than it should.

Interlude 2: I’m not hating on attorneys. They have to make their money too. Three extra years of post-graduate schooling, student loans, and a little extra grease entitles them to. I’m joking (wink, wink).

At any rate, be prepared to talk about Cash For Keys while you sip on the latest designer cocktail at your next social gathering. Practice in front of the mirror. Make sure your pronounciation is on point and don’t make the mistake of saying “Keys For Cash” (although technically that’s what it really should be). “Keys For Cash” will make you look very Jerome Waltonish.

I may even have Lisa give us all a free webinar (esa palabrita me la…) where she can provide us with some pointers. She seems to know her way around this world.

Adrian Salgado is a Realtor Associate. He can be reached at 305-491-7179 or SalgadoA@gmail.com.

Photo credit: David Mijares

Foreclosure Opportunity - 4050 SW 152 Path Miami-Dade, FL 33185 - $284,900

Adrian Salgado (dash - a real estate company) — Sat, 04 Oct 2008 09:40:45 -0500

This corporate-owned 2-story single-family residence with vaulted ceilings in West West Dade was recently listed for sale by the swell fellas at RED I Realty. Property Characteristics

3 Bedrooms
2 1/2 Baths
2,480 SF (Living Area)
5,130 SF (Lot Size)
2 Car Garage
Loft (2nd Floor)
Year Built = 2003

4050 SW 152 Path Miami, FL 33185

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This home is in need of some repairs, but is in very habitable condition. It is in need of a HVAC system (central A/C), all kitchen appliances (refrigerator, range, microwave, dishwasher), a washer and dryer, one interior door, and a few electrical wall plates.

The home features uniform white tile throughout the first floor living area. White Thermofoil kitchen cabinets (in good condition) adorn the open eat-in kitchen that leads to a cozy family room that's (you guessed it) great for entertaining. Window treatments are in place.

The second floor is carpeted throughout (loft area and all 3 bedrooms). The master bedroom features a bath with dual sinks, tub, and separate shower. An open balcony provides a breath of fresh Everglades air.

This home is easily accessible from the Florida Turnpike. It is in close proximity to Islas Canarias (great croquetas), Publix (where shopping is a pleasure and McArthur milk is $6.25), Miccosukee Resort & Gaming (where you can plunge your brains out), Goodwill Superstore (where serendipity is the norm), and G. Holmes Braddock Sr High School (Home of the Challengers...I mean, Bulldogs).

For more information, call me at 305-491-7179.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 8680 SW 212 ST #202 (Le Club) Cutler Bay, FL 33189 - $101,900

Adrian Salgado (dash - a real estate company) — Wed, 01 Oct 2008 15:00:58 -0500

This bank-owned condo unit in Le Club at Old Cutler was just listed for sale by the good folks at RED I Realty.

Property Characteristics

2 Bedrooms
2 Full Baths
1,113 SF (Living Area)
Year Built = 1988
Condo Conversion = 2005

This elegantly updated and remodeled second floor corner unit features large tile flooring throughout, an eat-in kitchen with tile-top counters, a laundry with full size washer and dryer, 2 balconies overlooking a glistening lake, and a spacious walk-in closet in the master bedroom.

8680 SW 212 ST #202 Photographs

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Community amenities include a swimming pool, clubhouse, fitness center, and guarded entry.

Le Club is conveniently located in close proximity to the Florida Turnpike, US 1, the prestigious Old Cutler Road, Black Point Marina, Biscayne National Park, the Deering Estate, schools, parks, and numerous retail destinations.

This property sold for $193,000 in December 2005. Serious inquiries can be made at 305.491.7179 or 786.586.5844.

Adrian Salgado is a Realtor Associate at RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Medical Office Building For Sale - 7990 Coral Way Miami, FL 33155

Adrian Salgado (dash - a real estate company) — Sun, 28 Sep 2008 22:19:16 -0500

This free standing medical office building, located just west of the Palmetto Expressway (SR 826) in Westchester, enjoys excellent exposure on Coral Way. Well-kept and maintained, this property offers great access to the Dolphin Expressway (SR 836) and is located minutes from Kendall Regional Hospital, Doctors Hospital, Baptist Hospital, Palmetto Hospital, the University of Miami, and Florida International University.

Medical Office For Sale - 7990 SW 24 ST Exterior Photos

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Property Characteristics

Total SF: +/- 2,515
Total Lot Area SF: +/- 13,500
Year Built: 1989
Zoning: 5700 Two Family Residence
CLUC: 0013 Office Building
Construction Type: CBS

The building operated as a multi-tenant medical office building and enjoys the following features:

plumbing/sinks in all examination rooms
lead-lined X-ray room
fully tiled examination room (used for minor surgical procedures)
two (2) private doctor's offices
reception area
large waiting room (space for approximately 16-17 seats)
18 parking spaces (including handicap spaces)
ADA compliant
security system with cameras
septic tank

Medical Office For Sale - 7990 SW 24 ST Interior Photos

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Current usage allows for up to 3 doctors to operate. This is a turn key, fully operational medical office building with all the necessary equipment and amenities to facilitate immediate occupancy by a doctor.

Adrian Salgado is a Realtor Associate with RED I Realty in Coral Gables, FL. He can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 15946 NW 81 CT Miami Lakes, FL 33016 - $409,000

Adrian Salgado (dash - a real estate company) — Sat, 20 Sep 2008 14:58:26 -0500

This bank-owned two-story single-family residence in the gated community of Silvercrest North in Miami Lakes is available for sale.

Property Characteristics

4 Bedrooms
3 Baths
3,052 SF (Living Area)
8,625 SF (Lot Size)
2-stories
Two Car Garage
Year Built = 2000

This diamond in the rough is in need of repairs. There are no kitchen cabinets in place, no appliances, no HVAC system, missing light fixtures and missing plumbing fixtures.

The home features marble flooring throughout the first floor living area. The marble is in good condition.

The ground floor features a bedroom and a full bath.

All bedrooms (including the ground floor bedroom), the staircase, and the 2nd floor common area have wood laminate flooring that needs to be replaced.

The two bedrooms upstairs share a jack and jill bathroom.

This home qualifies for financing under the FHA 203k loan program (Rehab Loan).

For more information regaring this property, feel free to contact me at 305-491-7179 or Raul Estrada at 786-586-5844.

Adrian Salgado is a Realtor Associate with RED I Realty in Coral Gables, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Real Estate Goes to Rehab: The FHA 203k Loan

Adrian Salgado (dash - a real estate company) — Fri, 12 Sep 2008 16:13:30 -0500

Remember when I patronizingly stated that “short sale”, “foreclosure”, and “REO” would be THE buzzwords for all things real estate in 2008?

Add another to your repertoire: Rehab Loan.

When used in the proper context, the hint at mentioning two words, “Rehab Loan”, will make you look uber-hip and urban chic in the innocent eyes of friends and recently met acquaintances at baptisms, bar mitzvahs, baby showers, and wedorces (weddings guaranteed to become divorces).

Introduced in 1978, the FHA 203k Loan (aka Rehab Loan) was created to promote and facilitate the restoration and preservation of the nation’s existing housing stock.

In other words, the powers that used to be realized that the creation of the suburb (”there he goes again”) destroyed previously established neighborhoods, caused deep urban decay, and gave birth to the negative connotation now associated with “inner city” and decided they needed to provide incentives to homeowners and homeowners-to-be before things got really hot (no pun intended).

According to those who were already in the biz back when I was sporting Z Cavaricci’s and a bolo tie, the FHA 203k Loan made some noise in the 1990’s, but practically disappeared in the new century when lenders decided it was a good idea to lend Flaco - the handyman who “stated” that he made $180,000/year - $500,000 to buy a 3/2 single-family residence con dos efichen in Westchester.

Fast forward to 2008. The credit crunch, the mortgage meltdown, the slowdown in new construction, the vanishing act of second mortgages in the form of a Home Equity Line of Credit (HELOC), and people like Flaco force the FHA 203k Loan to come out of its shell.

What is the FHA 203k Loan?

Most lenders will not close a traditional loan and release the mortgage proceeds unless the condition and value of the subject property provide adequate loan security (collateral). When rehabilitation is involved, a lender typically requires the improvements to be completed before a long-term mortgage is made.

When a homebuyer wants to purchase a house in need of repairs, the homebuyer usually purchases the property with cash or has to obtain financing first to purchase the dwelling, additional financing to do the rehabilitation construction, and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often times, the interim financing (acquisition and construction loans) involves high interest rates and short amortization periods.

The FHA 203k Loan was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property.

Why the FHA 203k Loan?

In today’s real estate market, a market ripe with bank and corporate-owned foreclosures that sit vacant and often in disrepair, the FHA 203k Loan is just what Betty Ford would have ordered. Why? The mortgage amount of the FHA 203k Loan is based on the projected value of the property with the work completed. In other words, the property’s current condition is not as important as the property’s condition after the necessary repairs have been completed.

The FHA 203k Loan allows homebuyers to purchase downtrodden properties that lenders offering traditional loan products wouldn’t touch with your very own hands.

How can FHA 203k Loans be used?

FHA 203K Loans can be used in one of three ways:

• To purchase a dwelling and the land on which the dwelling is located and rehabilitate it.

• To purchase a dwelling on another site, move it onto a new foundation on the mortgaged property and rehabilitate it.

• To refinance existing indebtedness and rehabilitate such a dwelling.

What improvements are eligible under the FHA 203k Loan?

There are numerous improvements eligible under the FHA 203k Loan. However, luxury items and improvements that do not become a permanent part of the real property are not eligible as a cost rehabilitation.

The following are just a few of the improvements allowed under the FHA 203k Loan:

•    bathroom remodels
•    kitchen remodels (including permanently installed appliances)
•    new exterior siding
•    adding a second story to the home
•    upgrading plumbing
•    upgrading electrical
•    upgrading HVAC system
•    interior painting
•    exterior painting
•    bedroom additions
•    new flooring
•    new deck/patio
•    new doors and windows

In Closing

Homebuyers, are you looking to purchase, repair, and/or improve that bank-owned foreclosure that’s “en fuego”, but has a great layout and is located within the boundaries of that “A” school district you so desperately want your underachieving child to be a part of?

Are you looking for the possibility to gain substantial equity from day one (even with current market conditions) with a low fixed rate government backed mortgage?

Don’t let the current condition of that “fixer upper” scare you. The FHA 203k Loan just might be the right loan product for you.

Adrian Salgado is a Realtor Associate at RED I Realty in Coral Gables, FL. He can be reached at 305-491-7179 or SalgadoA@gmail.com.

(The New) Mr. 305

Adrian Salgado (dash - a real estate company) — Fri, 29 Aug 2008 11:06:08 -0500

OPEN LETTER TO PITBULL

Dear Mr. Bull,

There’s a new Mr. 305.

While you were busy claiming that Money Is A Major Issue (hence, the title to your debut album M.I.A.M.I), the owner of this 2-story townhouse with 3 bedrooms, 2 baths, a 1-car garage and 1,778 square feet of living space was preparing his driveway for the production crews of MTV Cribs.

All this, of course, after the courts awarded a Final Judgment of Foreclosure to the lender who financed his crib. His lender can now proceed with the foreclosure.

It is because of this gentleman, Lil’ Chico, that we ask you to voluntarily step down from your 3-0-5 throne. The owner of all these prized possessions (minus the townhouse, of course) has earned the right to represent an entire area code - specifically this one.

Try Mr. 786. It rhymes with ______.

Sincerely,

Adrian Salgado

P.S. By the way, your song Culo brings out the 3-0-5 in me. It is because of you that I feel guilty every Sunday. Thank you.

Photo Credit: David Mijares

News of the Different - Easy, Rider

Adrian Salgado (dash - a real estate company) — Fri, 01 Aug 2008 16:23:20 -0500

When Peter Fonda and Dennis Hopper created Wyatt and Billy in 1969, they never thought they’d have so much influence over American counterculture. Nearly 40 years later, their influence remains undimmed.

I’m not sure if these two were on their way out of Woodlawn Memorial Cemetery fresh from an LSD binge on their way to Mardi Gras or if they were keeping it local and heading to Calle Ocho. Nevertheless, can anyone explain the Barbie doll posse hanging on for dear life?

Should we ask to check the gas tank?

I can’t quite put my finger on this one.

This photograph was taken by one of our loyal readers. It was shot near the Central Business District on the street that serves as the baseline that divides all the streets on the Miami-Dade County grid plan from north and south. Thanks for sharing, Jorge. You are a true public servant…wink,wink.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Foreclosure Opportunity - 2853 W 73 TER Hialeah, FL 33016 - $212,900

Adrian Salgado (dash - a real estate company) — Fri, 01 Aug 2008 16:21:20 -0500

This bank-owned single-family residence in la ciudad that progresses was recently listed for sale by the RED I Realty REO Guys.

Property Characteristics

3 Bedrooms
2 Baths
1,440 SF (Living Area)
3,396 SF (Lot Size)
One Car Garage
Year Built = 1993

This home is in move-in condition and features tile flooring throughout, thermofoil kitchen cabinets with tile counter tops, white appliances and a one-car garage with enough space for 2 additional cars. The HVAC system and washer/dryer hookup are in place.

The property is located in close proximity to I-75, the Palmetto Expressway, Palmetto General Hospital, Leon Medical Center, Carl Slade Park, and Platinum Plus.

Serious inquiries regarding this property can be made at 305-491-7179 (Adrian) or 786-586-5844 (Raul).

Foreclosure Opportunity - 8969 SW 27 ST Miami, FL 33165 - $259,900

Adrian Salgado (dash - a real estate company) — Wed, 16 Jul 2008 17:18:23 -0500

This bank owned single-family residence in the heart of the Westchester suburb of Miami, Florida was just listed for sale by the RED I Realty REO Guys.

Property Characteristics

5 Bedrooms
3 Baths
2,081 SF (Living Area)
10,092 SF (Lot Size 50.46′ x 200′)
Year Built = 1969
Swimming Pool
Detached Workshop
Duplex-zoned lot

This property reflects as a 4/3 single-family home on Miami-Dade’s tax roll. It was last used as a 3/1 with two 1/1 efficiencies. It can easily be converted back to single-family use. The property features tile flooring throughout and is set on an oversized duplex-zoned lot. The property is in need of ceiling repairs due to water damage caused by a roof leak. The HVAC system and water heater are in place.

The exterior of the property features a covered terrace, a swimming pool, a detached workshop and parking for 3 vehicles.

For those not local to Miami, Westchester is a centrally-located first-ring suburb that is home to such fine institutions as St Brendan’s Elemiddle, St. Brendan’s High School, Christopher Columbus Sr. High School, Banyan Elementary, Emerson Elementary, Everglades Elemiddle, Rockway Elementary, Rockway Middle School, Coral Park Sr. High School and Southwest Miami Sr. High School.

It is easily accessible from major roads such as Tamiami Trail (SW 8 ST), Coral Way (SW 24 ST), Bird Road (SW 40 ST) and arterial highways like the Palmetto Expressway and the Florida Turnpike.

This property last sold for $440,000 on June 9, 2005.

Inquiries regarding this unique opportunity can be made at 305-491-7179 or 786-586-5844.

Adrian Salgado is a Realtor Associate with RED I Realty and can be reached at 305-491-7179 or SalgadoA@gmail.com

Foreclosure Opportunity - 900 Wallace St Coral Gables, FL 33134 - $280,900

Adrian Salgado (dash - a real estate company) — Thu, 10 Jul 2008 23:08:36 -0500

This corporate-owned single-family home in North Gables was actively listed for sale last month.

Property Characteristics

* 3 Bedrooms
* 2 Bath
* 1,037 SF (Living Area)
* 5,350 SF (Lot Size - 50 x 107)
* Year Built = 1946

This home was originally a 2 bed/1 bath home with a 1-car garage. The 1-car garage was converted into a 3rd bedroom with a full bath. The roll-up garage door is still in place (see photograph above). The living area reflected on tax roll (1,037 SF) does not reflect the additional living space from the garage conversion.

The original structure of the home features original Dade County pine wood floors. The interior is graced by a kitchen equipped with Thermofoil cabinets and granite counter tops, as well as 2 bedrooms complimented by a living area and a remodeled hallway bathroom. The 3rd bedroom features laminate wood flooring. Windows and exterior doors look like they were replaced not long ago.

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The home is located on Wallace Street, a semi-private road not accessible from Tamiami Trail (SW 8 ST). It is only accessible from the south via Venetia Terrace.

You may recall that I featured another corporate-owned foreclosure on Wallace Street about 2 weeks ago. That property, located across the street from this one, went under contract on July 2, 2008. It was on the market for 13 days before it went under contract.

Inquiries regarding this home can be made at 305-491-7179 or 786-586-5844.

Miami Real Estate Blog

Miller-McCune Shows Love on Valentine’s Day

Foreclosure Opportunity - 1022 SW 156 AVE Pembroke Pines, FL 33027 *Grand Palms* - $562,500

La Parada de los Tres Reyes Magos (Three Wise Men Parade)

The Loft Downtown II - 133 NE 2 AVE #1505 Miami, FL 33132 *1 Bed/1 Bath Loft* - $160,000

Animal Farm by Federico Uribe

Caution: Transporting Children While Macking Hoes

*Foreclosure Opportunity* - 9221 SW 208 TERR Cutler Bay, FL 33189 - $285,000

MLS Photographs of the Month

WARNING

*Foreclosure Opportunity* - 1631 SE 17 AVE (Keys Landing) Homestead, FL 33035 - $169,000

**Foreclosure Opportunity* - 8116 NW 162 ST Miami Lakes, FL 33016 - $499,000

Sign o' The Times?

*Foreclosure Opportunity* - 4640 NW 102 AVE #204-16 Doral, FL 33178 - $169,900

*Foreclosure Opportunity* - 22660 SW 103 AVE Miami-Dade, FL 33190 - $174,900

*Foreclosure Opportunity* - 7000 Miami Gardens Dr #4-527 Miami, FL 33015 - $56,900

“A Lesson in Cash For Keys” by Lisa and Tony (the fiance)

*Foreclosure Opportunity* - 4050 SW 152 Path Miami-Dade, FL 33185 - $284,900

*Foreclosure Opportunity* - 8680 SW 212 ST #202 (Le Club) Cutler Bay, FL 33189 - $101,900

Medical Office Building For Sale - 7990 Coral Way Miami, FL 33155

*Foreclosure Opportunity* - 15946 NW 81 CT Miami Lakes, FL 33016 - $409,000

Real Estate Goes to Rehab: The FHA 203k Loan

(The New) Mr. 305

News of the Different - Easy, Rider

*Foreclosure Opportunity* - 2853 W 73 TER Hialeah, FL 33016 - $212,900

*Foreclosure Opportunity* - 8969 SW 27 ST Miami, FL 33165 - $259,900

*Foreclosure Opportunity* - 900 Wallace St Coral Gables, FL 33134 - $280,900

Foreclosure Opportunity - 1022 SW 156 AVE Pembroke Pines, FL 33027 Grand Palms - $562,500

The Loft Downtown II - 133 NE 2 AVE #1505 Miami, FL 33132 1 Bed/1 Bath Loft - $160,000

Foreclosure Opportunity - 9221 SW 208 TERR Cutler Bay, FL 33189 - $285,000

Foreclosure Opportunity - 1631 SE 17 AVE (Keys Landing) Homestead, FL 33035 - $169,000

Foreclosure Opportunity - 4640 NW 102 AVE #204-16 Doral, FL 33178 - $169,900

Foreclosure Opportunity - 22660 SW 103 AVE Miami-Dade, FL 33190 - $174,900

Foreclosure Opportunity - 7000 Miami Gardens Dr #4-527 Miami, FL 33015 - $56,900

Foreclosure Opportunity - 4050 SW 152 Path Miami-Dade, FL 33185 - $284,900

Foreclosure Opportunity - 8680 SW 212 ST #202 (Le Club) Cutler Bay, FL 33189 - $101,900

Foreclosure Opportunity - 15946 NW 81 CT Miami Lakes, FL 33016 - $409,000

Foreclosure Opportunity - 2853 W 73 TER Hialeah, FL 33016 - $212,900

Foreclosure Opportunity - 8969 SW 27 ST Miami, FL 33165 - $259,900

Foreclosure Opportunity - 900 Wallace St Coral Gables, FL 33134 - $280,900