US Real Estate
Florida: the ideal destination for those seeking profitability, asset protection, and quality of life
Your Investment Protected in Dollars
Advantages of acquiring property in Florida
Solid Investment
While many people still rely on a single political and economic scenario, you can be building a solid foundation in dollars in one of the safest markets in the world.
High Appreciation
With an increase of nearly 192% over the last 10 years, Florida has proven to be one of the best options for those looking to build wealth in dollars over time.
Passive Income in Dollars
With rental yields above the national average and high demand in tourist regions, investing in Florida is a smart way to turn your property into a source of passive income in dollars, even if you only rent it out for part of the year.
Attractive Tax Benefits
In Florida, you pay no state income tax, and even better, the U.S. tax system favors those who invest in rental properties. You can deduct various expenses from your taxes, such as mortgage interest, maintenance, insurance, fees, and even property depreciation. This means more money in your pocket and an investment that truly works in your favor.
Open to International Investors
Foreigners, even without residency, can purchase property in the U.S., with the transaction being completed 100% remotely via a notarized power of attorney. Furthermore, the country has a robust legal system and clear property protection laws, ensuring a secure and predictable process for international investors.
Access to real estate financing
You do not need to be a U.S. resident to finance your property in Florida. Facilitate your entry into the American real estate market with mortgages that do not tie up your capital.
High Quality of Life
Owning a property in Florida allows you to enjoy pristine beaches, year-round sunny weather, and access to world-famous attractions. Furthermore, the excellent infrastructure and outdoor lifestyle contribute to a more relaxed, healthy, and enjoyable routine.
What You Need to Know Before Buying Your Property
Taxes and Fees Involved
- Real estate commission: varies (generally 5% to 6%) and is typically paid by the seller
- Recording fee: between $10 and $50
- Property transfer tax: approximately 0.7% of the sale price
- Closing costs: between 2% and 5% of the property value (includes title insurance, attorney fees, inspections, etc.)
- Annual property tax: between 0.7% and 2.5% of the property value
Please note: costs and who pays for each fee may vary depending on the state or city where the property is located. Therefore, it is essential to check local regulations before purchasing.
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Required Documents
- Passport: A valid identification document used to verify your identity.
- Proof of funds: Bank statements, proof of income, or other documents demonstrating your financial capacity to purchase the property.
- ITIN (Individual Taxpayer Identification Number): Required for tax purposes if you intend to rent out the property and generate income in the United States.
- Purchase and sale agreement: A legal document signed by both parties that formalizes the real estate transaction.
- Credit history (in case of financing): U.S. financial institutions may request a credit report to analyze your profile as a borrower.
Step-by-Step Guide to Buying Your Property in Florida
- Define your goal: Residence, investment, or personal use? Knowing what you are looking for simplifies the entire process and helps you choose the right property.
- Rely on local experts: Through our partners, you gain access to real estate agents and attorneys who know the market, the laws, and the best opportunities in the United States.
- Choose the ideal property for your plan: Houses, apartments, commercial properties, or vacation homes. The choice depends on your strategy, location, and budget.
- Conduct legal due diligence: With local support, you ensure a secure purchase by verifying documentation, taxes, any potential liens, and the condition of the property.
- Sign the preliminary contract: You and the seller enter into an agreement outlining values, deadlines, and conditions. You will also make the earnest money deposit.
- Finalize the transaction: In the final stage, known as closing, the entire purchase process is completed. You sign the final deed, transfer the remaining purchase balance, pay the required fees and taxes, and register the property at the local county recorder’s office. And that’s it—you officially become the owner and receive the keys to your new property in the United States.
Is a Florida Property Right for Me?
We Recommend Purchasing Property in Florida For:
- Investment diversification in a mature real estate market, with appreciation potential especially in growing cities like Miami, Tampa, Jacksonville, and coastal regions.
- Income generation through rentals, especially in areas with high demand for short- or long-term leases in tourist regions.
- Long-term planning, with the potential for continuous appreciation driven by population growth, infrastructure investments, and technological advancements in the real estate sector.
- Individuals with the structure to manage or hire local management to ensure the preservation and appreciation of the asset.
We Do Not Recommend Purchasing Property in Florida For:
- Those who are not financially prepared for additional costs, such as taxes, local fees, insurance, maintenance, and potential homeowners association (HOA) fees.
- Those intending to resell in the short term and who are not prepared to face potential market fluctuations, short-term rental regulations, and long liquidity timelines.
- Those who wish to avoid dealing with complex legal and tax issues, especially the obligations for foreigners regarding rental income and capital gains taxes.
- Those who do not have the time or structure to oversee property management remotely, especially in cases of rentals.
- Those who intend to use the property frequently but do not have an appropriate visa, risking immigration issues.
Frequently Asked Questions (FAQ)
No. The acquisition itself does not grant any type of visa or legal residency in the country.
Not necessarily. If you wish to apply for a loan from a U.S. bank or rent out the property, then yes.
In general, there are no specific restrictions for foreigners buying property in Florida. Foreigners can acquire virtually all types of residential and commercial properties, including houses, apartments, condos, land, and commercial real estate.
However, a few important points:
- In areas near military bases, environmental reserves, or federal zones, there may be specific restrictions due to national security or environmental concerns, which apply to everyone, whether they are residents or not.
- For rural or agricultural properties, there may be local regulations regarding land use that must be observed.
- Properties in condominiums and homeowners associations (HOAs) may impose internal rules regarding leasing or usage, but these rules generally do not restrict purchases by foreigners.
No, you do not need to be physically present in the United States to buy a property in Florida. It is possible to complete the entire purchase remotely by using a power of attorney, allowing an authorized legal representative to sign documents and handle the procedures on your behalf.
Non-resident aliens in the U.S. pay estate tax only on assets located within the U.S., such as real estate. The exemption threshold for them is approximately $60,000, and amounts above that can be taxed at rates up to 40%. It is important to engage in estate planning and review tax treaties to avoid double taxation.
It is not mandatory, but it is highly recommended to have a specialized consultant when buying property in the U.S., especially for foreigners. They help you understand the process, negotiate, handle legal and tax matters, and avoid issues, making the purchase safer and more efficient. Would you like me to help you find a reliable consultant?
Yes. We can issue the invoice with your preferred tax details. Just send us the desired billing address.