International investors and foreign nationals are increasingly looking beyond the big cities like New York and L.A. to identify lucrative investment opportunities in the United States.
While these markets were previously thought to be consistently growing, the pandemic and resulting economic effects have caused businesses to shift their mindsets to other markets. The result? Real estate booms elsewhere, like the one being experienced in Florida – especially South Florida.
With an increasing number of remote workers, a great climate, cultural diversity, and business-friendly tax laws, South Florida has continued to prove to be resilient and also representative of the many cultures that call the state home.
Here are three reasons why South Florida is especially lucrative for international investors and foreign national borrowers looking to be a part of the business boom.
1.Investment-friendly tax laws
One of the biggest draws of South Florida is that there’s no personal income tax – at all.
The lack of income tax has business owners and entrepreneurs flocking to South Florida to grow their businesses and inject money into the local economy, without having income tax hindering their potential for growth.
As an international investor, you directly benefit from the lack of an income tax, maximizing all of your investment profit in South Florida.
Additionally, South Florida has relatively low property taxes, which is another factor that helps ensure you’re getting the most out of your real estate investment.
2.Investment in your community
South Florida is a culturally diverse place filled with communities from around the world.
As an international investor, you can invest strategically in areas that serve communities from your home country or share similar interests.
South Florida is already a hub for international investors and foreign national borrowers, with South American, Caribbean and Middle Eastern investors heavily represented in hundreds of ways. Influenced heavily by the broad representation of cultures that have made South Florida their home, the area has become a virtual melting pot of beliefs, customs, and culinary styles.
With such a wide range of backgrounds and business disciplines, the South Florida real estate investment market is composed of leaders from all walks of life, serving markets more diverse than most. Investing in South Florida means investing in an already established community that can provide support and further your business opportunities.
3.Growth and stability
South Florida is one of the fastest growing markets in America today, despite the ongoing pandemic. South Florida saw a 10% increase in housing prices just over the past year, as more and more people are working remotely and attracted to the year-round “Sunshine State” lifestyle.
The population of Florida is projected to grow by over 700,000 people in the next two years, and it’s not just individuals flocking to Florida – companies are coming here too. For example, big tech and finance companies are coming to South Florida to take advantage of the business-friendly tax laws, the quality of life for their employees, and the opportunities for growth.
With the influx of people and businesses, South Florida is a great place to invest in commercial real estate. Additionally, South Florida has an 18% higher rent per square foot than the average in America, making it a great place to invest in rental properties.
Working With Real Estate Investment Experts
Investing in South Florida is great for foreign nationals and international investors because the culture, climate, and current growth and continuing stability means it’s a market that’s sure to bring high ROI and new growth opportunities for years to come.
As an international investor, you don’t have time to research the local real estate market. Our connections in South Florida mean that we know the local real estate market better than anyone.
With over 120 years of combined experience in supporting investments in South Florida and the ability to quickly close deals without the restrictions and red tape of some conventional institutions, Community Capital Holdings is the premier hard money lender for international investors and foreign national borrowers in South Florida.
We specialize in private real estate loans and have funded millions of dollars in successful real estate projects throughout the state of Florida and have a proven track-record of success.
Our quick decisions, local connections, and asset based loans allow qualified real estate investors in Florida to get the financing needed in order to invest in non-homesteaded (rental and investment) property types such as:
- Commercial properties
- Office buildings
- Retail properties
- Single-Family and Multi-Family Homes (Investment only)
- Townhouses and Condos
- Apartment Complexes
- Special-Use Properties
- Warehouses and Industrial
- Construction projects
- Medical Office-Condo
To learn more about the state’s strong real estate market or investing in real estate here in Florida, contact us via email or by calling (954) 947-1232.
Please note: All of the loans we fund are for non-owner occupied (rental and investment) properties. Homesteaded primary residences are not eligible.