Buying Florida Rental Property from Abroad

Buying Florida Rental PropertyBuying Florida rental property is one of the best investments you can make. But if you don’t live in Florida, how do you do it?

We already know Florida is a great location to live and purchase real estate, especially if you plan on renting the property out to tenants. Not only is Florida home to over 150+ colleges (and their relocated college students), it is also a career destination. Many professionals are moving their families to Florida to start their life anew, and many of them need to rent a home for about 2 to 5 years before they are able to buy a home for themselves.

If you’re living outside the United States – in Europe, Canada, or you name it – you can still take advantage of the booming Florida real estate market.

When you invest in real estate, you have to go through the process of selecting a property, negotiating terms, and closing on the deal. You also need a solid rental agreement to use with the tenants. The process is complicated and work-intensive no matter if you’re in Florida or not. You can avoid the nightmare of having to do it by yourself from a distance by hiring an experienced international attorney who practices real estate investment and acquisition.

Boyer Law Firm provides services that are uniquely tailored to international investors. Our services make the real estate purchase a smooth transition, even when investors are 7,000 miles or 7,000 kilometers away.

We assist in the entire process, from surveying potential properties to wiring the first rental payment to your account. We also represent the buyer in every stage. We facilitate the negotiation and closing process. We serve as property manager after the purchase has been completed. We also draft and negotiate rental agreements that are specifically tailored to international needs and financial goals.

So even if your purpose for purchasing property is to hold it as a rental investment property, we can help. We can also structure the proper investment entity and advise on tax and regulatory issues.

Foreign sellers: don’t forget about the FIRPTA withholding requirements or the recent rate increase.

If you would like to purchase property without ever having to step foot in Florida or have any questions about Florida real estate market, Contact Boyer Law Firm today.

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