Yana Saikouskaya, CEO and founder of Primelife LLC has become one of the foremost real estate brokers in the Miami, FL area, building a stellar reputation over the past 10 years of residential real estate investments. Yet when asked about investing during times of economic recession, Yana’s enthusiasm for the market remains far from discouraged. In fact, Yana explains that an economic recession can be seen as an opportunity to create wealth in Florida markets, particularly in Miami.
The key to capitalizing on a recession, according to Yana, is to have a plan. She believes that investors should be equipped with a strategy that takes into account their goals and current market conditions. This might include researching the local markets, looking for undervalued assets, or even buying up distressed properties in desirable neighborhoods.
Yana’s approach is to look at recessions as an opportunity to acquire assets at lower prices and to take advantage of the abundance of refinancing options available. She believes that investors should focus on both short-term and long-term goals, taking into account the volatility of the market and how their investments may be affected.
When it comes to Florida markets, Yana explains that Miami has a unique advantage. Miami has been a relatively stable market, even during times of economic hardship, which has allowed investors to capitalize on potential opportunities. In addition, Miami has an abundance of desirable neighborhoods that offer great potential for property appreciation. Furthermore, the Miami market is highly accessible to foreign investors and has seen a high influx of capital over the past decade.
Yana also believes that investors should consider the current taxation system. In Miami, investors can benefit from attractive tax breaks, including homestead exemptions and the elimination of a state income tax. These incentives can help reduce the cost of ownership, making it easier to see returns on investments.
In conclusion, Yana Saikouskaya believes that economic recessions should be seen as an opportunity to create wealth in Florida markets, particularly in Miami. By having a plan and taking advantage of tax breaks, investors can capitalize on the potential of the market and make their investments work for them. Looking to the future, Yana remains confident that the Miami market will continue to show strength and her clients will benefit from her expert knowledge.