The Ultimate Guide for International Buyers Investing in South Florida Real Estate

Thinking about buying property in Miami, Fort Lauderdale, or Palm Beach as an international buyer? South Florida continues to attract global investors with its lifestyle, stability, and world-class real estate. This guide explains everything you need to know — from financing and taxes to neighborhoods and closing steps — so you can buy with confidence.

Why South Florida Is a Top Destination for International Buyers

South Florida remains one of the most active real-estate markets in the United States for foreign investors. Its tropical climate, strong rental demand, and international connectivity make it a prime choice for both lifestyle and investment.

• No state income tax and investor-friendly property laws

• Consistent demand across luxury and mid-market segments

• Direct international flights and multilingual services

• Beaches, culture, dining, and entertainment that sustain long-term value

Legal, Tax, and Financing Essentials for Foreign Buyers

Foreign nationals can freely purchase property in Florida, but understanding a few fundamentals will help your transaction run smoothly.

Ownership — You can buy as an individual or through a U.S. entity (such as a Florida LLC) for liability or privacy advantages.

Taxes — Know the basics of rental income reporting, capital gains on resale, and FIRPTA requirements (IRS withholding may apply to foreign sellers).

Financing — “Foreign national” mortgages exist but require larger down payments (30–50 %) and extra documentation. Paying cash often strengthens your offer.

Insurance — Budget for homeowners, windstorm/hurricane, and flood coverage, especially for coastal or high-rise properties.

Compliance — If you plan to rent short-term, confirm local zoning and HOA/condo rules before you buy.

This information is for educational purposes only and not legal or financial advice.

Best Locations to Buy Property in South Florida

Each county offers distinct advantages for international buyers:

Miami-Dade County — Luxury condos and waterfront homes in Brickell, Edgewater, Downtown, Miami Beach, Coral Gables, and Coconut Grove. Perfect for those seeking urban energy and global connectivity.

Broward County — Fort Lauderdale and Hollywood provide marina access, beach living, and excellent rental demand at a more affordable price point.

Palm Beach County — West Palm Beach, Boca Raton, and Palm Beach Gardens offer upscale resorts, golf, and relaxed luxury — popular for second homes and long-term investors.

Pre-construction vs. resale — Pre-construction towers allow staged payments and brand-new finishes; resales provide faster closings and known association rules.

Investment Strategies for International Buyers

Vacation Home — Use the property seasonally while it appreciates in value. Plan for management and maintenance when you’re abroad.

Rental Investment — Generate steady income through long-term leases or approved short-term rentals. Calculate your net yield including taxes, insurance, HOA fees, and vacancy.

Long-Term Hold — Secure a prime location now for future residency or portfolio growth. Ideal for diversification and capital preservation.

Step-by-Step Buying Process for Foreign Buyers

1. Define goals and budget — Decide between vacation, rental, or hybrid use; consider currency exchange impacts.

2. Assemble your team — Hire an international-experienced REALTOR®, a real estate attorney, tax advisor, and lender if needed.

3. Shortlist areas and properties — Compare locations by lifestyle, ROI, and resale potential.

4. Submit an offer and negotiate — Include inspection and financing contingencies with a deposit (typically 1–3 %).

5. Perform due diligence — Home inspection, title search, HOA review, and insurance quotes.

6. Secure financing (if applicable) — Provide passport, bank statements, and income documentation promptly.

7. Close and post-close — Sign remotely if needed, transfer funds via escrow, record deed, set up management and accounting.

Common Pitfalls and How to Avoid Them

• Ignoring HOA rules that restrict rentals

• Underestimating insurance and maintenance costs

• Assuming easy mortgage approval without U.S. credit history

• Skipping legal/tax advice before purchase

• Overlooking special assessments or building reserves

FAQs for International Buyers

Do I need a U.S. visa to buy property?
No. Foreign nationals can purchase without a visa or residency status.

Can my company own the property?
Yes. Many use LLCs for privacy and liability protection — consult your attorney and CPA.

Can I rent my property out?
Usually yes, but verify city and HOA rules before listing on Airbnb or similar platforms.

Are there extra taxes for foreign buyers?
Florida has no special foreign buyer tax, but FIRPTA withholding applies when selling U.S. property.

How long does closing take?
Resales often close in 30–60 days (cash is faster). Pre-construction depends on developer timelines.

Work with The Arango Group

Buying from abroad can be straightforward with the right team. The Arango Group specializes in guiding international buyers through South Florida transactions — from strategy to closing.

Contact: Kevin Arango, P.A.
Email: kevin@thearangogroup.com
Phone: (305) 290-1211

Florida Living Elevated — Let’s make your South Florida investment exceptional.

Nota en Español: Los compradores internacionales son bienvenidos en el sur de la Florida. Contáctanos para obtener asistencia en español durante todo el proceso de compra.