At Orlando Florida Condo Auctions we work with our international condo investors to help all the buyers around the world. We educate them about their various choices so that they can make the best decision for themselves and their families. We know there are many issues to consider, from getting a mortgage, to figuring out who’s going to look after your investment when you’re not there. We can help with both!
Investors: No, you don’t have to be here to purchase if you don’t want to be. We can visit the property for you, take photos, arrange the inspection and email you the contract when you are ready to sign. Every aspect of the transaction, including the closing (completion) can be accomplished electronically or via mail services. Purchasing property in the U.S. is far easier and less time consuming than in many other countries.
When it comes to exhanging large amounts of money for a downpayment or all-cash purchase, you’ll want to lock in the most favorable rates. There are various options to ‘hedge’ against future losses. Talk to us about some of your options or click on the Google or Yahoo currency converter to know about the exchange rate.
TAX IMPLICATIONS / IMMIGRATION
There are various tax implications for foreign nationals who invest in Florida real estate. Contrary to rumor, you don’t pay more taxes just because you are a foreigner, however non-Florda residents generally pay a little more than those who have their primary residence here as their “Homestead”.
If you are renting out your property you must report your U.S. earnings to the IRS on form W-8ECI. We would be happy to explain, or refer you to a specialist accountant to assist you with this. You may also find this IRS link helpful for general information.
We can also refer you to an immigration attorney for those wanting to establish permanent residency. There is also a special EB-5 visa program for this if you have high net worth.