A Practical Guide For Foreign Nationals Investing In Miami’s Struggling Condo Market

In Episode 36, expert Peter Zalewski of Condo Vultures interviews Luz Mery Montes - founder, president and CEO of Accounting Global Solutions - about the timeline and steps that foreign national investors will face before and after investing in South Florida real estate. The discussion ranges creating a company to the U.S. Foreign Investment In Real Property Tax Act (FIRPTA).    In Segment 1, Montes discusses relocating from Colombia to the South Florida city of Boca Raton in 2001, and her experience working in the accounting industry in both South America and the United States. Montes also discusses the impetus for establishing Accounting Global Solutions with bookkeeping, accounting and payroll services to assist foreign nationals establish an administrative infrastructure in South Florida for real estate investing.   In Segment 2, Montes talks about the the time, cost and reasons for creating new companies in Florida before purchasing real estate. She discusses the lessons learned from the last South Florida condo cycle, and how investors have approached this real estate cycle.      In Segment 3, Montes discusses opening and funding a U.S. bank account, foreign national buying trends before the U.S. presidential election and her outlook for the short-term in South Florida. Montes also provides her top 3 tips for foreign investors intending to invest in South Florida.  To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.