There is no impediment in the American legislation for the purchase of real estate by foreigners, whether for housing or as an investment.

In fact, some banks and financing companies in the United States specialize in serving foreigners, due to the large number of investors interested in doing business here.

‍

‍

The acquisition of real estate by foreigners with the purpose of short or long term rental is in great growth, but there are those who also invest in real estate to live with their family, due to the excellent quality of life that the country offers.

For those looking for a lucrative overseas investment, Florida is a great option based on appreciation statistics in recent years.

This is mainly due to the various investments in the economic pillars of the state, with great emphasis on tourism, bringing security and profitability to your investment.

There are numerous products that you can invest in the Florida real estate market and for this reason we have listed the top real estate investments that you can buy in Florida.

‍

Florida real estate investments.

‍

Selecta Realty operates in the Florida real estate market negotiating diverse products such as:

‍

Residential Property

Residential properties can have a few purposes after purchase:

- Housing - real estate used as your primary residential or summer home.

- Long-term lease - lease contract for third parties for a minimum period of 06 months.

- Short term rental - holiday homes, where the rental of the property occurs for a short period.

It is worth noting that short-term rentals are only allowed in specific regions, therefore, the acquisition of this investment will be in one of these regions, which providentially are located on the outskirts of Florida's main tourist attractions.

‍

‍

Residential properties are also subdivided according to their physical structure:

- Single Family Homes - These are homes maintained as a single dwelling unit on the lot and with direct access to the street, not sharing HVAC, water, gas or power facilities.

- Townhouses - Townhouses where up to 6 units of two or three floors are attached to each other, in a format similar to that of a condominium.

- Duplex - Typically refers to a structure used for residential purposes and consisting of two dwelling units with a common wall.

- Condo - An individual property, in a building with multiple apartments. The Condo owner has exclusive title to his or her unit, but owns land and common property (elevators, hallways, roofs, stairways, etc.) to other unit owners and shares the expenses of maintaining the common areas with them.

‍

Commercial Properties

Commercial property is property that the landlord can lease to a legal entity, i.e. someone who will use the space for a business, such as a shop or a company.

It is very common to invest in commercial real estate in Orlando and commercial real estate in Miami, as they are major hubs of commercial development in Florida.

‍

Land

The state of Florida has a very large number of regions referred to as wetlands, which include wetlands, marshes, and land with a high concentration of moisture, which can compromise the percentage of area available for construction.

When choosing a plot of land, you should be concerned about the level of slope and whether grounding is necessary.

Environmental, topographic and geotechnical studies in the area are intended to verify that there is support for the safe construction of what you want.

‍

‍

Business

As in the real estate market, in the commercial sector there is a single integrated system that makes available all businesses available for commercialization in the state of Florida and their respective financial information.

This way the search for how to open a business in Florida becomes much more effective and assertive according to your pre-established goals.

After determining which type of property you wish to invest in based on your objectives and capital definition, our Broker will begin the search for the product, present the available opportunities and schedule the visits.

‍

Check out our Instagram page: @selectarealty.co.uk