UNITED STATES REAL ESTATE PROPERTIES
Miami Real Estate Market
Miami is an international crossroads and attracts investors from all around the world for its touristic craze, its idyllic living environment and its worthwhile taxation system. Miami luxury real estate market is growing and is experiencing a resurgence of new urban projects to meet the economic challenges of the city: become central in the world of art, luxury and fashion.
With over US$ 6.2 billion in real estate purchases by foreigners over the last two years, and a US$ 2.8 billion new construction development plan, "the city that never sleeps" has never been as good as its dynamism is overflowing. With more than 23,000 newly built homes in Downtown, the good rental performance of South Beach, the luxury high-rise condominiums in Brickell, each neighbourhood has its real estate landscape and distinct benefits for an investor. This economic boom is characterized by a growing population of about 10% since 2007 and the presence of more than 1000 multinationals from 56 different countries and the development of a true "Tech Hub" for start-ups.
International Investment in Miami
A foreigner can legally buy and operate real estate in the United States. As a result, Miami becomes a real option for an investor who wants to diversify his portfolio and enjoy a favourable economic trend. This economic boom is characterized by a growing population of about 10% since 2007 and the presence of more than 1000 multinationals from 56 different countries and the development of a true "Tech Hub" for start-ups.
The real estate market in Miami is favourable for transactions and investments for several reasons:
- A transparent and open system.
- Protection of Investors (the law is in favour of the owners and protects them).
- A foreigner can become owner in the United States.
- Taxation is favourable.
The United States signed with many countries an agreement, allowing to avoid the double taxation.
Before Purchasing a Property
In order to have a clear definition of your project and meet your goal, it is necessary to process as follow:
1. DEFINITION OF YOUR OBJECTIVES
Before any process or research, it is necessary to define tangible objectives for your future investment: a rental profitability or an appreciation of your property, etc. We help on market specifics.
After Defining your budget, our team in Miami will make available all the best properties that meet budget and your goal.
3. INVESTMENT STRUCTURE
Creation and registration of your company within 72 hrs. until ID Tax number id provided by the US tax authorities.
4. BANK ACCOUNT
Following the creation of your company, the next most important step is to open a bank account for all the transactions related to your investment: Rent payments, property tax payments, etc. The opening of your account can be carried out remotely by our Miami team on presentation of your credentials and registration of your company in the US. You will have access to an online bank and will be the sole owner and manager of your account.
Purchasing a Property
Besides the definition of your project and the creation of your company, our Miami Team will support you in the research, negotiation and acquisition of your real estate property.
1. PROPERTY RESEARCH
introductory market study will help outline your research and target opportunities on properties for sale, new or pre-construction. Click below to see our listing.
2. VISIT OF PROPERTY
Our Team will also help you to schedule your stay in Miami in accommodation, travel, property showings, etc. Then, you select the most appropriate property before drafting an offer.
3. OFFER AND DRAFT PURCHASE CONTRACT After final acceptance, the Purchase Agreement is written according to the rules of the Florida Bar and the Realtors Association. A deposit of 10% of the amount is required at the signing of the contract. It will be blocked on the Escrow Account of the Title Company in charge of necessary investigations.
4. SIGNATURE AND “CLOSING DISCLOSURE”
After due process, Contract is signed and the balance and other fees shall be paid. Agency and Notary Fees: 1.5-5% of the amount
MDAICReal and its representatives are always here to assist its prospective international investors to meet their needs We give our clients a full representation and bring them all the tools needed to realize their real estate investment safely. When investing in the US, our priority is to make sure that this investment is protected as well as the investors. Having a legal structure in place will be beneficial in many ways: 1) Better Tax Optimization, 2) Privacy and 3) Liability.