Are you a foreign investor looking to invest in commercial real estate in South Florida? While now is a prime time to invest in real estate due to the flat and declining prices, as well as foreign currencies outweighing the value of the U.S. dollar, the process can be complex if not navigated properly. If ensure that your investment fairs as smoothly as possible keep these three things to know about foreign investments in mind:
- Because of estate tax and other issues structure the purchase before viewing properties. The corporate entity that the propertyb s name will be under should be set up before choosing a building or office space.
- When it comes to financing be sure to comply with currency rules in your home country and know cash transactions must be times and deadlines for escrow funds and closing cannot be moved.
- Be sure to have the correct visa for the amount of time you plan to spend in the states.B The best visas require a direct investment in an American company in the United States or establishment of a local subsidiary of a foreign company
If you are a foreign investor looking to investing in commercial real estate in South Florida contact Morris Southeast Group at 866-930-1426.
Source: Miami Herald
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Tags: commercial real estate in south florida, Commercial Real Estate Trends, South Florida commercial real estate, South Florida commercial real estate services
