nvesting in Miami is a privilege that only foreigners with the right information can do well. Most foreigners think it is not in their power, but that is not true. I invite you to invest in Miami, recognized as the “alpha city”, thanks to its level of business activity, human capital and cultural activity. “World City Study Group.”
Find good opportunities to make your capital profitable in one of the safest cities in the world. Learn about the 5 attributes that define it as a smart and profitable investment.
1. HIGH STABLE DEMAND
900 people move into Miami daily for work, of which 67% of residents rent their property and the unemployment rate is under 4%.
2. FAVORABLE TAXES
Miami vs. New York (NYC) taxes are much more favorable.
- In Miami the income tax is 0% versus 6.4 to 8.82% in NYC
- In Miami the property tax is 1.06% versus 1.64% in NYC
- Miami does not generate inheritance tax vs NYC maintains an estate tax rate of 3.06 to 16%.
3. HIGH AVERAGE RENT
Get a fair ROI, a $350,000 property can be rented for up to $2,500 per month. According to the Wall Street Journal.
4. FACILITY FOR FOREIGNERS
You don’t need a visa order to invest in Real Estate, and you don’t pay income taxes. With only 30% down payment you can qualify for financing and get low interest rates, so you find good opportunities to make your capital profitable from $100,000.
5. MIAMI IS OWNER FRIENDLY
Whether you rent to students, low-income workers or entrepreneurs, potential investors in Miami real estate will be pleased to know that this is a homeowner-friendly market. Florida has no rent control laws. Security deposits are unlimited, and eviction can begin if the rent is late. Property damage requires a seven-day conditional waiver notice, while repeated lease violations allow for an unconditional seven-day notice.
Miami is one of the 10 most popular cities for investment worldwide, based on the annual “Wealth Report
