U.S. Investors and Foreign Investors

U.S. investors, foreign investors, invest in Florid real estate. Waterfront, golf, oceanfront, riverfront, and more. Now is the time to invest, prices are low and it is a buyers market.

With quarterly gains of up to 37%, the Florida real estate market is one of the hottest in the United States. You only have to glance at the chart below, compiled by the National Association of Realtors, to see that foreign national buyers and investors are a significant part of that growth. According to the Florida Association of Realtors, while Florida’s international home buyers came from more than 100 countries in all areas of the world, the majority of all home purchases by foreign buyers in Florida – 58 percent – were made by Europeans. More than half of the buyers from Europe were based in the United Kingdom. In fact, the United Kingdom was the number one country of origin for foreign home buyers, accounting for one third of all international purchasers.

I have partnered with a mortgage broker to acquire the best rates possible for foreign national buyers and investors. I have made the process easy and painless, while keeping the requirements to a minimum. After you read the following, I am sure you will agree that this is the most competitive program around, as well as the most liberal requirements.

Important Fact!

Real estate in the U.S. benefits from political and economic stability, population and job growth, and a transparency of information and data. U.S. real estate has low risk and a strong legal system to protect investment. It is still the most stable market in the world. With the Euro, and Pound worth more than the US Dollar, now is the time to invest in Florida real estate. So what are you waiting for? Contact me now to get your piece of hot Florida real estate!

Bank or Mortgage Company Requirements:

Following is a list of what the majority of foreign national buyers will need to purchase a property in the United States. Everyone is a little different, so some transactions may require slightly different information.

0. Borrower must provide copy of their passport.
0. The lender will obtain an international credit report for the borrower.
0. The borrower must provide proof of funds to close, i.e. a bank credit letter, and these funds must have been in the borrower’s account for at least 60 days. Click here for a sample Bank/Credit letter.
0. The borrower must have some funds left over after closing (reserves). The requirement is 6 mortgage payments on deposit in a US Bank, (for the purpose of the closing)
0. Verification of employment/ self employment (where applicable)

Other than the bank verifying that you have closing monies, there is not much more required by the loan officer.

U.S. Government Foreign National Buyer/Investor Requirements

A Social Security Number or Tax ID number. In order to purchase a property in the United States, all foreign national buyers are required to apply for a Social Security Number or Tax ID number.
Click here to download a Social Security Number Application (SS-5).

Complete the SS-5 using the instructions on page 1 of the form. See pages 2 and 3 of the form for the evidence that you will need to submit with your application.

Where to Send the Form:

Take or mail the SS-5 to the nearest Social Security office. Offices:      International | In the US.
Be sure to take or mail the originals or certified copies of your supporting documents along with the form. They will return your original documents right away. Once they have everything they need, they will send your Social Security Card in about two weeks.

SSA forms must be printed on 8 1/2" x 11" white paper. You must print the form with blue or black ink to be acceptable to SSA.

Individual Tax Identification Number

Individual Taxpayer Identification Numbers (ITIN), are assigned by the Internal Revenue Service (IRS), not the Social Security Administration. They are assigned to certain non-resident and resident aliens, their spouses, and dependents. For more information read ITIN Guidance for Foreign Property Buyers/Sellers.

The ITIN is only available to individuals who cannot get a Social Security Number (SSN). You will need to file form W-7 with the IRS to obtain an ITIN. (w-7) form. The form must be printed on 8 1/2" x 11" white paper. You must print the form with black ink to be acceptable to IRS. Offices:
International | In the US.

U.S. Withholding Tax on Sale of U.S. Real Estate by a Non-Resident Non-Citizen Seller