I would say one of the most important concerns for you as a foreign national is not where in Florida to buy, or which Realtor to work with.
Your foremost concern If you're considering a purchase of an investment property in Florida should be talking with an attorney who specializes in working with Canadian Buyers to structure their Florida real estate investmentsso as to maximize their profits and minimize their tax liability.
It just seems to me that if you're planning to buy an investment property here, you might as well do everything you can upfront to make it a worthwhile investment. Does that make sense to you?
Anyhow, with that in mind, you might want to read some articles such as the one referenced below, entitled "Are Acquisitions Properly Structured for U.S. Tax Purposes?":
Good luck, and if I can be of further help, just click on my picture to contact me.
This is the right time to make such a purchase. Rental demand is strong.
The under 100K options will confine your real estate choices to properties that will have tight margins and more likely to have an issue or two.
You will find it essential to commit to a real estate professional so you can benefit from their 'first Look' program. Be wary of engaging in lending situations that will make you noncompetitive. At this price point, the competition will be fierce, being handicapped by your lender is the last thing you need.
Best of success to you,
Annette Lawrence, Broker/Associate
Reamax Realtec Group, Palm Harbor, FL
You really need to at least see the difference in 150,000 to 200,000 properties vs under 100,000.
Contact me to talk about how to minimize payments and reduce out of pocket costs.
1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BKâ€¦OK Too
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