MIAMI—The 2014 real estate predictions are coming in steadily. Armando Montelongo, star of the reality TV show Flip This House, is making some bets of his own on the residential side of the fence.

In the current marketplace and all major cities around America he is already seeing opportunities that were not there in 2012 and 2013, he tells GlobeSt.com. So just what are those opportunities and how might they impact condo developers with new and upcoming product in South Florida?

“We see more buyers coming into the marketplace, from international investors who don't want to miss the biggest sale in American real estate to the new home buyer—which is the person that declared bankruptcy three or more years ago who has repaired their credit and maintained a secure income who are now reentering the market place with traditional FHA backed bank finance,” Montelongo says.

“In September 2013 the FHA reduced this requirement for a FHA loan from three years to one year. This is creating opportunity for real estate flippers to purchase properties in cash as these properties do not qualify for a FHA loan due to the condition, refurbish to above FHA standards and then sell the properties at market price.”