4 Tips for Foreign Buyers Seeking Vacation Homes in Miami

Foreign Buyers Seeking Vacation Homes Miami can receive financing for luxury properties like this one

Foreign Buyers Seeking Vacation Homes Miami can receive financing for luxury properties like this one

Miami continues to be a top destination in which non-U.S. residents continue to invest in. Vacationing in Miami for half the year and then renting it out during the other half is a profitable, popular strategy that many international buyers have. Miami’s proximity to the ocean, it’s buzzing nightlife and vibrant culture continue to be magnets for foreign dollars. If you or your client are a foreign buyers seeking vacation homes Miami, looking to buy one or any other residential or even commercial property in Miami, here’s our advice from a team that has decades of experience in the sector.

Get to the MLS (Multiple Listing Service)

Around the world, many home buyers only know one way to find properties – and that’s going to to dozens of real estate brokers to find a property. A homebuyer ends up spending countless hours going from broker to broker to see if they happen to have listings that match their budget, location preferences and other criteria. Buying in the U.S. is much more convenient in many ways and in that particular aspect, beats everyone out at efficiency. The MLS is the Multiple Listing Service that allows home buyers to view properties all in one place, regardless of who the realtor is. It’s a collection of real estate listings housed in one database and is widely known and widely used in the real estate industry. It is much more beneficial and efficient for the homebuyer and for the real estate broker. This is the national MLS listing – South Florida can be selected from the list: and it is an invaluable tool for foreign buyers seeking vacation homes Miami.

Foreign Buyers Seeking Vacation Homes Miami Can Benefit from Mortgage Financing

The common idea is that foreign nationals  looking to buy properties in the U.S. have no choice but to pay it all in cash because finding financing is nearly impossible. This is not true. Foreign buyers can definitely obtain financing for properties in the U.S. through mortgage lending companies that are familiar with the foreign buying process. The best practice is to find a mortgage lender that specialize in lending to international buyers. Apply with them to see how much financing funds will be available to you or your client. Having about 30% of the purchase price as a downpayment is beneficial for better terms and rates. Once you or your client know how much funding will be available, then you can start looking for properties in your funding range. Financing allows you to keep your assets liquid in case you have any unexpected expenses associated with the purchase or any other scenarios.

The Seller Pays the Brokers, Not the Buyer

It’s common practice in the U.S. for the seller of a property to pay the real estate brokerage fee; those seeking properties typically get the services of a real estate agent for free. For Foreign buyers, it is the most advantageous to find a broker who is local so he or she understands the areas in which they will be finding you properties; and also, a broker who is experienced in dealing with foreign buyers. International property investing has its own set of hoops to jump through. It’s a different process than it is for a citizen or resident, so it’s best to work with a realtor who can guide you through all the necessary steps to do buy residential or commercial properties in Miami properly.

You Don’t Need A Visa to Buy Property in the U.S.

Many foreign buyers think they cannot invest in U.S. properties without first getting a visa of some sort, but the truth is, a visa is not currently required. Again, finding a realtor who is well versed in the foreign buying process can help you along every step of the way. Finding a mortgage lending company who is experienced in the foreign buying process is also key.

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How Mobile Tech is Redefining the Property Buying Process

Person using mobile tech to look at property prices

If you talk to veteran realtors who remember doing business in a smartphone-less world, you’ll learn about some ancient history like when they used to send documents via fax and about old artifacts like flimsy manila folders that housed important documents, all kept inside massive cabinet drawers. They’ll also tell you about the an ancient ritual called a closing in which all parties were required to be present to complete the purchase/sale of a property. Thanks to mobile tech, nothing has been the same. Technology has affected everyone and every industry in different ways, but in the real estate market, it has helped agents overcome some of the biggest hurdles they once faced; it has allowed them to better serve their clients every step of the way. Here are just a few of the ways tech has redefined the property buying process.

Mobile Pre-Approvals and Financing Applications

Smartphones have now brought virtually every capability that once used to require being present somewhere to the fingertips of anyone, anywhere so long as they have access to Wi-Fi. Getting pre-approved and getting final approval for financing on a commercial or residential property used to require an in-person meeting with the client, realtor and bank. Then it required dozens of notarized papers and records being faxed over from one office to another; so if you didn’t have a fax machine available, you could forget about submitting your paperwork in a timely manner. The ease of using email via smartphones has made everything speed up. Also, applications for financing no longer require even a full phone conversation. Apps like mortgage lender The Q Kapital’s mobile app (categorized under finance apps) allow potential buyers to fill out all the required information from their mobile phone from anywhere in the world and get the most important step out of the way: getting pre-approved then getting fully approved for mortgage financing. Mobile mortage financing allows any foreign buyer looking to purchase properties in U.S. cities like Miami and New York to know how much financing will be available to them.

E-signing platforms are widely available now on the app store and Google Play store. They can be used to complete multi-party real estate transactions from a computer or phone easily. They are built to be secure and to fit the format of proper legal signatures so all your paperwork is airtight. Mobile tech has helped make all parties more efficient and helped expedite so many processes that used to take days, even weeks sometimes.

Mobile Tech Facilitates Remote Viewings

Starting the home or commercial property buying process nowadays can be done without leaving your bedroom – or without ever flying into the country where the property is. Of course, it’s always best to fly in at least once before purchasing to get to know your possible new asset in person as well as the surrounding areas. But if you have a great realtor on your side, they can walk you through showings all via skype, facetime or whatever video chatting software you subscribe to. The important thing is to have a great realtor who will be 100% honest; if there are other factors that can’t be picked up through a cell phone screen, such as mildewy smells, humidity or environmental noise, they need to relay that to you before you make a decision on a property. The same can be coordinated for an inspector’s visit to the home if this is part of your process thanks to mobile tech. 

Mobile Tech Facilitates Remote Closings

While closings used to require everyone’s presence to sign documentation in person, it is now the easiest part of the property buying process thanks to mobile apps and the signed, notarized power of attorney a client can give their broker. Even if you’re in Argentina, for example, and purchasing a property in Miami, it can all be done electronically. Finding a financing company that knows the ropes when it comes to purchasing property abroad as an international buyer is key; they will help navigate you through all the red tape and proper protocols to do so properly and in a way that is beneficial to the buyer.

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Why Miami is a Hot Spot for Commercial Investments

While the first thing that pops in people’s minds when they think of purchasing property in Miami is a vacation beach home or a family home, one of the sectors that has become a serious hotspot is commercial real estate. When it comes to buyer-side commercial investments, Florida as a whole is one of the top picks nationwide according to the National Association of Realtors.

Here are some of the reasons commercial property buying has seen such a huge surge in the past years:

Strategic Location & Attractive Lifestyle

One of the lures for Miami on every front and for every industry has always been its strategic location. As the gateway to the caribbean and Latin America, it is a convenient place for South American or international investors to position their property investments and to build international business models with more global reach. Miami’s pro-business economy, resort style living and thriving metropolitan neighborhoods are also a great place to live or to visit as business is being conducted or tended to.

While current activity in the residential property sector is indicative of the high demand for living spaces among international buyers, the trends in industrial real estate such as warehouses and logistics spaces reveal how well the local economy is doing. Traditionally, South Florida’s tried and true cash cow has been commercial properties used for retail shopping plazas, hotels, medical facilities and office spaces. But with online businesses selling goods that require manufacturing, storage and shipping, more and more investors have been on the hunt for locations in which to do this.

Location is important especially for distribution warehouses, which require proximity to the places the company ships to and an airport. Ground and maritime  transportation are just added perks and rarely happen all in one place; Miami happens to have all 3 and allows for proximity to Latin America and the caribbean for companies that want to ship there. And with consumers demanding reduced shipping times ( once acceptable at 7 days or more; now it’s common practice to get goods delivered within 48 hours) the location of your distribution center is of utmost importance.

Subscription based services are another business model that is steadily on the rise, affecting the demand for warehouse properties. The surge of new companies entering the South Florida market and the expansion of established ones like Amazon and Apple have been adding momentum to an e-commerce boom. Local press has been following Amazon’s announcements about their new headquarters closely, building more and more buzz about the possibility of Miami being the next headquarters for the e-commerce behemoth. Now Apple has been added to the conversation as they begin a new bidding war among American cities interested in becoming their next headquarters.

Growing Population

It seems there are more and more people in the city each day; it’s not your imagination. In the past 5 years, the city has seen around 500,000 new residents with a population rate increase of 1.88% in 2016. With more people comes more demand for products which comes with a need for more space in which to house and distribute those products- thus more commercial properties selling. Whether it’s inventories sold online or in traditional retail, the space continues to be in demand and foreign investors will continue to cash in on this demand.

Miami is undoubtedly a sound investment for anyone looking to purchase commercial real estate. That is why financing companies like The Q Kapital, that understand the international property buying processes in the U.S., specifically in Miami, are so important. To help foreign investors get the help needed to secure the investment opportunities this growing burst in development has to offer.

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5 Misconceptions Foreign Buyers Have When Buying Property in Miami

According to NAR or the National Association of Realtors, Florida is the state with the most foreign real estate investors nationwide. Roughly 41% purchase homes, 22% invest in rental property and 21% make double use purchases that serve as rental homes and rental property at different times of the year. While many other countries only allow land sales to citizens from that country, the U.S. is rather unique in that foreign buyers are allotted the same privileges and rights overall as U.S. citizens and residents when buying properties in the U.S. However the structure of the purchases, the way funds are taxed and distributed do tend do differ from the way a U.S. Citizen or resident would handle buying property. The following are just some of the common misconceptions that many foreign buyers have about purchasing property in Miami:

Foreign Buyers Don’t Necessarily Need Cash to Buy Properties in the U.S. as a Foreign Buyer

It’s one of the most common ideas everyone has about foreign buyers- the idea that they can only buy properties in the U.S. buy having the full purchase price available in cash. First of all, it’s important to note that cash transactions for real estate above $1M in Miami-Dade County and above $3M in Manhattan, New York are required to be reported to the federal government as a means to prevent money laundering. Above these amounts, the transactions lose the privilege of confidentiality.

While buying with cash is one way to purchase property for foreign buyers, it isn’t the only way. The truth is, foreign buyers are eligible, just like U.S. citizens and residents, to obtain mortgage financing on both residential and commercial properties in the U.S.

The minimum you can put down on a property is 3.5% with an FHA loan- however having 20%-30% is recommended. Foreign buyers typically are asked to come up with higher down payments; around 40% or more. Still, financing can have its benefits, allowing international buyers to free up their investment capital, keeping it liquid and moving while securing a valuable asset at the same time.

It’s Best to Buy Property in the U.S. as a Corporation, not as an Individual

As mentioned earlier, foreign buyers are welcome to obtain financing for their properties – they are not required to pay it all in cash. However the trick to obtaining financing for a foreign buyer lies in the structure of the transaction. Buying property as an individual is possible but comes with hefty taxes from the U.S. government when it comes time to selling the property – about 45% of an individual’s gross estate located in the U.S. that exceeds $60,000. The structure with which a buyer purchases property affects the taxes they are subject to in a big way. Most experts advise foreign buyers not to buy as individuals to limit the liability, minimize taxes and to keep confidentiality. With careful planning, a foreigner can purchase U.S. property through a domestic L.L.C., corporation or different corporate entities – that are owned by a foreign corporation or trust – this method of buying can render the buyer exempt from the U.S. estate tax and certain risks for the family.

It’s important to remember that foreign nationals are subject to FIRPTA- Foreign Investors Real Property  Tax Act. This law says that the sale, transfer, gift or exchange of U.S. property by a foreign national will be subject to a 10% withholding tax on the gross purchase price of the property at closing. It was enacted to ensure that capital gains taxes are paid by international buyers. There are some exemptions available that a buyer’s legal team or financing team can help them use (if they qualify) to avoid the tax. Mortgage lenders and financing companies for foreign buyers seeking properties in Miami, New York or the rest of the U.S. can help an international buyers navigate the right deal. 

The Seller Actually Pays the Real Estate Agent, NOT the Buyer

In the U.S., the seller of a property is normally under contract with their listing agent or selling agent to pay them a commission of the sale. If a buyer comes to them with their realtor and the sale is made, the listing agent then shares their commission with the buyer’s realtor – the amount is up to their negotiations. In some instances, the buyer’s agent may require payment or reimbursement for services rendered, rarely exceeding the amount of $300. Closing costs, however, are to be paid by the buyer.

The Buyer Doesn’t Necessarily need to be Present at Closing

Years ago, a closing meant everyone was required to be in the room together, signing documents and executing the transfer of title and ownership documents from the seller to the buyer. Nowadays, however, power of attorney allows representatives, typically agents, from both parties to perform the closing procedures remotely, without either party needing to be present; that’s neither the buyer nor the seller. If a mortgage loan is involved in the purchase of the property, the closing can be executed from the buyer’s country of origin if he or she is not present in the U.S. at the time.

Buying property in Miami, New York or many other areas in the U.S. can be a big win for foreign buyers when done correctly. It’s important for foreign buyers to become educated on the best ways to do so and to enlist the services of a professional realtor and a qualified, experienced tax and/or real estate attorney to help them navigate the procedures. It’s also important for the buyer to find a mortgage financing company in Miami or in the city they’re looking to buy in that has experience working with international clients so they can really help guide the buyer through the smoothest property buying process possible with the most advantageous terms. 

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Top 5 Areas in Miami that are Perfect for Latin American Buyers

When it comes to buying properties in South Florida, everyone knows foreign buyers are attracted to Miami-Dade like magnets to a refrigerator door. It’s the most attractive, one of the highest valued cities in the state, is one of the most diverse and has tons going on as far as entertainment and cultural nightlife, not to mention one of the fastest growing entrepreneurial cities in America. But Miami is big and for international investors who are not from the magic city, it can be difficult to discern which of the many neighborhoods to buy property in. If you, your client or someone you know is looking to secure a foreign national loan to buy property in Miami, here are the top 5 neighborhoods they should consider investing in based on information available from real estate organizations and recent survey in the Miami Herald.

5) Buying Property in Homestead

This may come as a surprise, but Homestead is one of the most undervalued neighborhoods in Miami. It doesn’t get the international limelight of other more famous neighborhoods, but its rapid development is coming along nicely. Over the past few years, the area has been building single family homes at a breakneck speed as well as shopping centers and entertainment. From an investment standpoint, the housing is comparatively affordable and has a huge growth potential. There’s already been a significant appreciation in property values in the area over the past 2 years or so. Many properties are brand new and located in gated communities, so they lend themselves to more established foreign buyers with families who are looking to put down roots in the area as well as single buyers or couples who are looking into investment properties to inhabit only during months out of the year.

4) Buying Property in Sunny Isles

Sunny Isles has been and continues to be one of the most popular neighborhoods for foreign buyers. Steps away from the internationally coveted turquoise waters of Miami Beach and also form grocery stores, restaurants, shopping centers and entertainment, the properties in this area are perfect for international investors looking to invest in Miami or looking to move in. Beachfront condos are a popular purchase choice in this area.

3) Buying Property in Coral Gables

One of the most beautiful and most historic neighborhoods in Miami, it is a haven for gorgeous single family homes and offers one of the most important factors families look for: competitive private and public schools. There are also world class shopping and dining locations such as Sunset Plaza, Miracle Mile and Merrick Park just minutes away from laid back, suburban areas, so residents get the best of both worlds. Any area that borders the waterfront, of course, always retains a high value, so it is a great investment if a buyer is looking to sell at any point in time. The area also houses a high population of latin american or descendants of latin american residents, making it culturally friendly to a latin buyer. For the best place to buy a single family home for a laid back, suburbian lifestyle, Coral Gables is a great choice.

2) Buying Property in Brickell

With the completion of the Brickell City Centre and other high profile projects, Brickell has been getting more and more attention both internationally and locally. Few areas boast such a vibrant

city lifestyle in the heart of bustling streets and newly erected high rises that are also bordering the water. The surge of construction and renovation of the area has created an excellent work, dine, shop and play environment that has currently made it a magnet for young professionals and millenials who are renting and buying luxury condos in glistening new high rises overlooking the Miami River and the bay. Its proximity to everything makes it easy to get around – whether in the metromover, trolley, Uber/Lyft, biking or on foot. 

1) Buying Property in Miami Beach

Number one is no surprise; Miami Beach has, for decades, been the most famous part of Miami-Dade and continues to be the most desired area to buy property. The proximity to the warm Atlantic waters will likely never lose its appeal. International buyers who wish to maintain their lifestyle in their home countries and visit Miami over holiday often opt to buy condominiums or apartments that they can use during their stay and then rent out for the rest of the year. It’s an investment that will likely continue to stay in demand over time. It also accommodates buyers from all nationalities and walks of life, from young, single buyers to families to retirees or “empty-nesters.” Miami Beach is another area with a vibrant nightlife just steps away from the ocean as well as world-class shopping such as the mall on Lincoln Road.

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Evolving Real Estate Market: The New Miami is Made up of Foreign Buyers

Back in July, Business Insider published an article citing the buying power of foreign investors in the U.S., naming 5 countries specifically whose citizens were buying the most – a total of US$153 billion over the period of a year: China, purchasing US$31.7 billion; Canada, purchasing US$19 billion; United Kingdom, purchasing US$9.5 billion; Mexico, purchasing US$9.3 billion; and India, purchasing US$7.8 billion in real estate. And that was just residential, so it didn’t include statistics of foreign nationals buying commercial properties.

Nationwide, foreign buyers seeking property in the U.S. have become a notable force – but still accounting for just 5% of home sales in the country. When it comes to Miami and South Florida’s local market, this percentage is more than ten times that. According to a data compilation published in July 2017 in the Miami Herald, foreign buyers accounted for a whopping 80.2 percent of residential sales in Miami-Dade county. Miami has been called the “most international city in United States,” by the CEO of the Miami Association of Realtors, so this is nothing surprising.

During 2016, international sales came to a total of $6.2 billion in South Florida. Venezuela was at the top of the list of foreign nationals buying property in South Florida, making up 15% of sales. The country’s current political and economic unrest has been the catalyst for many residents to move their assets offshore. Following Venezuela on the list of top international buyers were residents from Colombia, making up 10% of international sales, Canada at 6%, Mexico at 4%, France and Peru at 4% & Italy, Ecuador and China at 3%. Brazil and Russia were also included in the list of top buyers. When it comes to interest and web searches, we see a slight shift in which countries hold the top spot of international buying power. As of July 2017, according to The Real Deal Miami, Colombia came in as the #1 country with its residents searching for properties in Miami to invest in. This was followed by Canada, Argentina, Venezuela, Spain, Brazil, France, India and Italy, in that order.

With plenty of change and shifts going on with foreign currencies, economic climates, political environments and morphing regimes, Miami continues to be a promising place for foreign nationals to live and work in. It is no longer a place just to liquidate capital in; the vibrant lifestyle Miami offers and the rapidly developing metropolitan quality of the city is attracting more and more foreign nationals to spend their time and money in. Developers in Miami are also catering to this shift in the international perspective of Miami as more than just a money vault.  

There was once a time when international residents simply bought up spaces in mixed use buildings and let their assets sit. Now, Miami’s growth paired with external factors have made it a more enticing place for these international buyers to come live in. “Lifestyle spaces” like the famous Brickell City Centre that includes a place to live, work and play in are being scooped up by foreign nationals at an dizzying rate. In Brickell City Centre’s Reach & Rise condos, 80% of the residential project is foreign owned. Also, the emergence of available foreign national loans and agencies that specialize in providing foreign national mortgages for residential and commercial properties in the U.S. has offered another alternative to buying properties with cash outright. Some Florida mortgage lenders specialize in providing financing to international buyers with special foreign national loans programs that walks them through the entire process from applying through closing, making it more accessible and comprehensive than ever for a foreign investor to buy property in Miami.

Residential spaces aren’t the only lure; emerging markets forming in pockets all around the city are driving more foreign buyers to invest in commercial spaces and projects, creating a self fulfilling effect in which the value they perceive in the city is being furthered by their investments.

With the steady influx of international property buyers, the city is looking more diverse than ever before. The pool of property ownership and investors is expanding, including a more diverse group of nationalities everyday, ultimately driving up the city’s value internationally. The future is bright for the magic city and it’s already diverse makeup is only getting more global and valuable  with every new property purchase and development.

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Why Investing in Miami Properties is a Huge Win for Foreign Buyers

Miami is one of those cities that has attracted everyone from all over the world for decades. There are more international buyers in Miami than in the rest of the United States. 72% of The National Association of Realtors members in Miami-Dade and Broward reported working with an international client back in 2014 – that’s much higher than the national average, which is 28%. Foreign buyers tend to spend more on properties in Miami than even domestic buyers.

As far as superficial reasons, It’s a no brainer; there’s sunny, warm weather virtually year round, offers proximity to some of the nicest beaches in the world, is a port city, features a young, energetic nightlife, offers world class shopping and many other luxuries. But apart from the obvious, there are some key reasons why it is a great place for foreign nationals looking for a place to buy properties, whether for commercial investments or for residential units.

Strategic Location

For Latin American and Caribbean buyers specifically, the proximity to Latin America is a huge draw. Going back and forth from Latin America to Miami is just a few hours of flight time for those who need to fly back whether to see family and friends or to handle business. The top countries investing in South Florida in all the surveys and research campaigns each year always include Colombia, Venezuela, Brazil and Argentina among the top countries where the most foreign investors originate from. Over the past decade or so, growing instability in many of these foreign economies has also been another motivating factor behind the foreign investment boom. The U.S. is considered one of the most secure investments and Miami is as close to Latin America as you can get while still being in the U.S.

Miami is, of course, a thriving port city, with more than 40% of all national exports with a destination of Latin America originating from it. Miami International Airport is also at the top spot when it comes to international cargo.

Excellent Climate in which to Run a Business

With a diverse population comes a diverse industry landscape. There are thousands of multinational companies in Miami, offering a plethora of opportunities to Latin American and Caribbean investors. On a state level, Florida offers an excellent climate to do business in. The state levies no corporate income tax on limited partnerships, subchapter S-Corporations, NO individual income tax, no corporate franchise tax on capital stock, and no property tax on goods in transit for up to 180 days. The corporate tax for C corporations are just 5.5% of the net income, a competitive percentage compared to other states. The state also offers sales and use tax exemptions on manufacturing and machinery expenditures as well as many other things related to a number of industries.

Foreign Buyers have a Good Reputation with U.S. Banks

Florida mortgage lenders have more experience with handling applications from overseas buyers than those in other states. Just 2 years ago, 80% of the property sales in Florida were handled in cash; however, the willingness of the banks to provide financing has brought this down to just 50%, whereas the other 50% of the sales are being financed. The banks in the state are eager to provide financing for international buyers due to their reputation. The familiarity that banks have with international buyers has led them to consider a foreign buyer as a reliable buyer who is financially educated and has plenty of capital at their disposal. Thanks to this good reputation, securing a foreign national loan with banks is not as difficult as it seems and sometimes, is even simpler than it would be for a U.S. resident or citizen.

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Why Miami’s Real Estate Industry is only Getting Stronger After Irma


When Irma was on it’s way to making landfall in South Florida, many media outlets and realtors alike expected the worst. At the time the category 5 storm was projected to hit Miami dead on and even reached winds of 190 mph at one point, so the city and all its industries were bracing for complete devastation. Eventually, Irma dropped in strength and veered away from Miami by the time it made landfall, so the impact wasn’t quite as severe as once projected. Miami’s downtown area and Brickell were broadcast nationwide, showing shocking images of the streets mostly underwater due to storm surge. But just hours after the storm hit, a large portion of the storm surge had receded. Power was out for thousands, but many of the well-built condos and and structures either never lost power or only lost it momentarily.  The expectations were total loss on every front for all industries, especially the real estate industry.

A little over a month after the hurricane, industry players are starting to see that what didn’t completely destroy the city’s real estate actually served to make it stronger. Miami’s bouncing back quickly and there are several reasons why the storm didn’t scare away buyers the way it was expected to.

Strong Infrastructures mean Strong Investments

If Irma did anything positive (which wasn’t much, but there’s always a bright side)  it was to show how well Miami’s building codes passed the test. Since Hurricane Andrew wreaked havoc and decimated Miami in 1992, Miami-Dade’s building codes have since become some of the strictest in the nation. While there was some building damage throughout the city, structural engineers and other authorities that did initial damage surveys credited the tough building codes designed to take on serious hurricanes helped spare the city from much worse. Much of the aftermath was downed power lines, felled trees and power outages. Strong infrastructures that stood the test of a serious storm means the value of a South Florida home is high and worth the investment.

Swift Action from the Governor means Efficient Leadership

Governor Rick Scott, who’s been in office since 2011, has seen his fair share of storms and hurricanes – and his experience showed with the way he handled the hurricane protocols for the state of Florida. He took extra measures, ordering a statewide evacuation well ahead of landfall, giving residents plenty of time to prepare their homes, pack up and hit the road. He activated thousands of Florida National Guard Members to aid in preparations and planning as the storm approached; he issued several warnings and addressed the state with a press conference urging everyone to evacuate as soon as possible. As the mass exodus began, he suspended tolls across the state’s highways and roads to ensure everyone got out in a safe and timely manner. Florida’s leadership and excellent handling of the storm was another plus for any foreigners considering buying a home or commercial property in Miami and searching for a foreign national mortgage.

How Quickly Miami Got Back to Business

While news stations televised the storm surge flowing through the streets in downtown and Brickell. What wasn’t necessarily shown was how quickly that water receded, just hours after the storm passed. Power was out for thousands following the storm, as expected, but power was back to the vast majority of the city within weeks compared to the months it took to get the power back after hurricanes Andrew and Wilma.

As far as the real estate industry, September 2017 sales did slow, as was expected with all the business closures including all those involved in closing property sales. However, during this time, the median price for a single-family home went up 7.6 percent from the previous year’s prices and have been going up steadily for 70 consecutive months, according to the Miami Association of Realtors. There were several outstanding sales right after Irma including a $9 million dollar sale on a property in the Venetian islands, two more for $7.55 million and $7.5 million in Coconut Grove and lastly, another in Coral Gables for $5 million. Many luxury property realtors have gone on record saying they haven’t seen much reluctance from buyers to invest in coastal properties despite Irma’s landfall. Sellers have adjusted asking prices in the wake of the storm to help stimulate sales and it seems these adjustments have helped.

The consensus seems to be that even after Irma, international buyers eyeing Miami as a place to invest in properties have not been deterred and are still searching for foreign national loans to finance their purchases. Storms are a fact of life in Miami, but as a city that only continues to develop and grow, it has served to make it that much stronger and efficient. The New Miami and it’s value is only going to continue to grow.

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New Mobile App Changes How Foreign Nationals Apply For Mortgage Financing

Miami based mortgage lenders, The Q Kapital Group, launch mobile app to expedite mortgage applications for international buyers

Miami, FL (May 24, 2017) – Miami based commercial and residential mortgage lender, The Q Kapital Group Corp., has launched a mobile app to better serve their international clientele. The mortgage lending company specializes in mortgages for foreign national buyers interested in purchasing commercial or residential properties in Miami, Florida and New York; the app facilitates the mortgage process for both domestic and international buyers of real estate in the USA.

The Q Kapital’s app, searchable as “Q Kapital” and categorized under finance, makes applying for a mortgage easier for potential buyers on the go. Featuring a user-friendly interface and intuitive functionality, the Q Kapital mobile app allows users to initiate the mortgage application process, get an initial quote, and submit required documentation.

“Our objective is to make the mortgage process as simple and smooth as possible for our applicants.” said President and founder Mauricio Ordoñez. “We created this app to make mortgage acquisition for foreign national buyers easier, wherever they are in the world. The app has an intuitive interface making it simple to use, and it’s also secure. This expedites the entire process tremendously.”

Foreign national buyers from Latin America, Europe, Canada, the Caribbean, and even Asia and Africa are often under the impression that they can only acquire US properties with cash. However, there is an abundance of mortgage credit available to them through direct lenders such as Q Kapital. The launch of the mobile app gives potential foreign buyers a chance at finding financing for commercial and residential properties in Miami, all of Florida, and New York, with a special focus on luxury residences and commercial property, or income-producing assets like multi-family homes and hotels.

Co-founder Gaston Schneider added, “We believe that the mortgage process should be simple, safe, and easy. Nowadays with everyone accessible via mobile, people can use our app to apply wherever they are in the world. By using our new app, anyone can submit a loan application in seconds. It’s a fantastic tool that we are proud to say is also free.”

Download the app:


Google Play:

About The Q Kapital Group

Based in Miami and celebrating their 10 year anniversary, Q Kapital is a direct mortgage lender with a focus on foreign national mortgages. Q Kapital provides loans to clients buying commercial or residential properties in Florida and New York. With co-founders Mauricio Ordonez and Gaston Schneider at the helm, immigrants from Colombia and Argentina, respectively, the company intimately understands the needs of foreign nationals and respects the challenges of buying property in the US. Q Kapital’s team explains the requirements of the US banks, and facilitates the mortgage process for international buyers.  Q Kapital also helps US Citizens and/or residents with buying or investing in residential or commercial properties in Florida and New York.

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Mortgage Lender The Q Kapital Acquires

Mortgage Lender The Q Kapital Acquires

Miami, Florida mortgage lender acquires online mortgage network 

Miami, FL (March 7, 2017) – Miami-based commercial and residential mortgage lender specializing in financing for foreign nationals, The Q Kapital Group Corp., just acquired the online mortgage content network, The website features a variety of digital content that serve as an educational resource for those in the mortgage and real estate industry.

The content network serves as a helpful resource for international buyers interested in commercial and residential properties in the United States. The Q Kapital specializes in lending to foreign nationals, who are often uninformed of the funds available to them. As they seek to better serve their international clientele, this new addition provides a valuable resource for potential property buyers.

The website features a wealth of information that aids in the process of purchasing mortgages for residential or commercial properties in Miami, Fort Lauderdale, Boca Raton, and the rest of South Florida. is an information hub for potential property buyers that offers essential tools and facts about the type of mortgages available, common mistakes to avoid, a directory of the paperwork needed when purchasing properties, and a section for potential buyers to check their current credit scores.

“As more foreigners and international investors look to buy property in Miami and Florida, our goal is to simplify the mortgage process for them. With this acquisition, we now have a wealth of information to empower them as they make financing decisions towards their new residence, vacation home, or business property. Wherever they are, from Canada to Europe to Latin America, there are mortgages available to foreigners buying in Miami and all of Florida,” said Mauricio Ordoñez, CEO and founder of the Q Kapital Group.

About The Q Kapital Group

Based in Miami, The Q Kapital Group is a direct mortgage lender with a focus on mortgage for foreign nationals financing. The Q Kapital provides financing opportunities and mortgage for international buyers looking into Florida commercial and residential mortgages . The experienced professionals at the company understand the needs of international clients and respect different cultural situations. The professional staff will explain the requirements of the US banks, further facilitating the process for the international buyers, The company is also an expert in loans to US nationals looking to purchase residential or commercial properties, as well as first time home buyers.


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