Why many international buyers look at Miami
Buyers often mention a deep international market, Florida’s lack of a state personal income tax (federal taxes and taxes in your home country still apply), and the city’s connections by air and sea. None of that is a promise of a return. Every property has to be reviewed on its own numbers.
Can you buy from another country?
Yes, foreign buyers can purchase real estate in Florida. Financing options exist, but they usually ask for a larger down payment and a different set of documents than a loan for a U.S. resident. Guidance is available in Spanish with Eliangel, and financing can be discussed in Spanish or English with David Mieres, Mortgage Lender, NMLS #2857980, with LoanWorks Financial, NMLS #2791803. Any financing is subject to credit approval.
How an investment property is often reviewed
Profitability depends on the price, the rent and the costs: taxes, insurance, association fees, maintenance and vacancy. No return is guaranteed. Financing options can include conventional investment loans and DSCR loans, which focus on the rental income of the property. The right path depends on your case.
This page is educational information, not legal, tax or financial advice and not a commitment to lend. Programs, rates and requirements change and depend on each case and on credit approval.