⚽ Wet Streets, Big Deals, and FIFA Feelings

Good morning. We’ve rebranded — and not just in that “I changed my LinkedIn headline” kind of way. New banner, new logo, and just enough polish to pretend this newsletter isn’t written on a couch in mesh shorts.

If you’re wondering where the dolphins went… don’t worry. They didn’t make the banner, but they’re still around. Just wait ‘til one cuts you off while paddleboarding near Brickell Bay.

Meanwhile, the countdown to the 2026 FIFA World Cup is officially on. One year to go. And if you’re checking in on the U.S. Men’s National Team — don’t. Even with a world-famous coach at the helm, Mauricio Pochettino, the vibes are shaky. Losses are piling up, fans are getting louder, and confidence is evaporating faster than parking spots in Brickell. At least the opening match won’t be on their shoulders.

To mark the moment, we’re kicking things off with… the FIFA Club World Cup? Inter Miami vs. Al Ahly hits the pitch this weekend, but let’s be honest: it’s giving group stage energy, not global spectacle. Still, we’ll take it.

THE 1% RULE SNAPSHOT
🏆 Karim’s Top 3 Multifamily Picks

📍 230 SW 14th St – Dania Beach
💵 $650,000 | 🏠 Triplex | 💰 Est. Rent: $8,200/mo
✅ 1.26% Rule
Turnkey triplex near the marina with strong income and beach access. Rare to see 1.25%+ this close to the coast.
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📍 636 E 18th St – Hialeah
💵 $815,000 | 🏠 Duplex | 💰 Est. Rent: $8,800/mo
✅ 1.08% Rule
Newer construction in a stable rental area. Strong tenant base and modern layout.
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📍 1885 NE 53rd St – Pompano Beach
💵 $559,000 | 🏠 Duplex | 💰 Est. Rent: $6,000/mo
✅ 1.07% Rule
Solid Broward location with rental upside. Clean setup and below-market price per door.
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🕵️‍♂️ INVESTOR WATCH
Trump Eyes Fannie Mae Privatization — Just as Rates Dip

Donald Trump says that if he’s re-elected, he’ll privatize Fannie Mae and Freddie Mac, the mortgage giants currently under federal control since the 2008 crash. The plan? Take them public through an IPO, while somehow maintaining their government guarantee — a move critics say could trigger higher borrowing costs, especially for investors and second-home buyers.

Since Fannie and Freddie back around 70% of U.S. mortgages, even small changes to how they operate ripple across the market. Some analysts say investor loan rates could increase by up to 1% if the privatization comes without clear protections.

Meanwhile, in better news, mortgage rates have dipped: the 30-year fixed now hovers around 6.85%, offering a little breathing room for buyers after months of pressure. Whether this is a trend or a pause depends on Fed moves and, yes, election uncertainty.

📈 Investor lens: Now might be a window to lock in financing — especially if you’re eyeing long-term holds. But keep a close eye on policy talk. What happens in D.C. could reshape multifamily financing more than anything happening on the MLS.

🌍⚽️ GLOBAL GAME, LOCAL BUZZ
Club World Cup Comes to Miami — And I’m All In

This June, Miami isn’t just hosting fashion chaos, it’s hosting football chaos. For the first time ever, the revamped FIFA Club World Cup kicks off on June 14 at Hard Rock Stadium with Inter Miami vs. Al Ahly, two teams that hit close to home. Al Ahly is the club I grew up supporting in Egypt, and Inter Miami is the team I now see on billboards while sitting in traffic on the 836. It’s a full-circle moment and a big one.

Previously, the Club World Cup was a low-key 7-team tournament with little fanfare. But this year, FIFA has reengineered it into a full-blown, 32-team spectacle, modeled after the traditional World Cup and hosted across multiple U.S. cities for the first time ever. It’s a bold move to boost summer viewership (and likely merchandise sales), but not without hiccups.

Tickets for the opening game were initially priced sky-high, leading some fans to panic-buy, but many others held out. Prices have since dropped dramatically, with some seats now available for as low as $55, after FIFA failed to hit projected sales. Can’t wait to see what the 2026 World Cup prices look like if this is the starting point.

Still, this isn’t just a soccer story. Out of all the cities participating, Miami was chosen to host the opener and that says something. Even in the middle of summer, with all its heat and humidity, Miami remains a global magnet. That matters for tourism, prestige, and the kind of year-round attention that doesn’t always show up in economic forecasts, but definitely does in property value.

🌊 WEATHER & REALITY
South Florida’s Wet Season Came In Loud

June didn’t ease in — it showed up soaked, angry, and ready to ruin brunch plans. On the very first day of hurricane season, Miami got hit with a perfect storm of torrential rain, high tides, and groundwater surge. Streets disappeared. Garage gates wouldn’t open. And let’s just say delivery drivers earned every cent of that tip.

The technical term? Compound flooding — when multiple water sources converge to overwhelm a city’s drainage system. Translation: if it looked like Biscayne Boulevard turned into Biscayne River, that’s because it basically did. And in classic Miami fashion, OnlyInDade was there to document the chaos in real-time.

Now that we’ve had (barely) enough time to dry off, it’s a good moment for investors to check their assumptions. Flood risk isn’t just a coastal thing. It’s tied to elevation, infrastructure, and in many cases, outdated drainage systems that can’t handle these new extremes.

💡 Investor takeaway: Traditional FEMA flood maps might not tell the whole story. Ask sellers about past water issues. Look into newer stormwater upgrades. And yes — double-check your insurance covers the stuff that matters most.

🚨 HEADLINE HEAD: FROM BRIDGES TO BILLIONAIRES

🚧Miami’s $840M Fountain Bridge? Still a Fountain of Delays If you’ve driven near Downtown Miami lately, you’ve probably seen cranes, construction walls, and what looks like the world’s most ambitious parking ramp. That’s the I‑395 Signature Bridge — aka the “Fountain Bridge,” thanks to its six soaring arches meant to mimic water in motion. The $840M project was supposed to transform the I‑395 stretch between I‑95 and the MacArthur ramps into a sleek, pedestrian-friendly corridor with wide sidewalks, a public park underneath, and a striking landmark over NW 2nd Avenue. But don’t hold your breath. After years of delays — from environmental red tape to supply chain chaos — completion has been pushed to 2027. For investors in Overtown, Edgewater, or the Arts District, it’s a long-term win that’s currently stuck in traffic.

💸$110M Just to Be Bezos’ Neighbor? Someone just paid $110 million for a waterfront lot on Indian Creek Island — a.k.a. Billionaire Bunker — and we still don’t know who. The mystery buyer, according to the NY Post, scored a serious discount too: it was originally listed at $200 million. Indian Creek has just 41 home sites, its own private police force, and neighbors like Jeff Bezos, Tom Brady, and (allegedly) Beyoncé’s interior designer. So… flex achieved. The lot is still vacant, and no building permits have been filed. Theories? They’re holding it as an asset. Or they wanted to throw the world’s quietest housewarming party. Either way, it’s a reminder that sometimes location is the whole pitch, even if the cap rate is negative infinity.

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