Buying a condo in Miami is one of the most sought-after portfolio moves for the Latin American investor: a dollar-denominated asset, in a stable jurisdiction, that you can use, rent, and pass on to your heirs.
What separates a sound purchase from a headache isn't permission —a foreign national can buy with no restrictions— it's the how: the process, the financing, the tax structure, and choosing the right unit. This guide lays it out with an investor's judgment, not a salesperson's.
The buying process, step by step
- Offer and contract — in Florida the standard contract protects the buyer with inspection and financing contingency periods.
- Escrow deposit and due diligence — inspection, title search, and a review of the condominium association before you move forward.
- Closing — you can sign remotely by power of attorney and e-signature; the funds go to the title company, never to the seller directly.
Financing: the non-resident buyer does qualify
You don't need residency or citizenship. You can pay cash or take a foreign national loan built for non-residents: typically 30%–40% down and a slightly higher rate, with no U.S. credit history required. Many buyers pay cash and weigh refinancing later.
Structure: in your own name or through an entity
Held personally, a Miami property is exposed to the U.S. estate tax —a non-resident exemption of just US$60,000—, which is why many buyers hold through a structure (a Florida LLC, sometimes with a holding company above it). It isn't always the right move: it depends on the amount, the use, and your broader wealth. Settle it with your accountant before you make an offer.
Pre-construction vs. resale
Pre-construction lets you pay in installments through the build and lock in at the lowest price, in exchange for time and construction risk. Resale hands you a finished unit and real numbers on day one. Which one fits depends on your objective and horizon —we run both with you.
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View properties →Frequently asked questions
Can a foreigner buy a condo in Miami? Yes — no visa, residency, or citizenship required, whether you pay cash or finance as a non-resident.
How much do I need to buy? It depends on the neighborhood and whether you finance; for non-residents the typical down payment is 30%–40%. We'll build the real number for your case.
In my own name or through an entity? It depends on the amount, the use, and your wealth; held personally there's estate-tax exposure. Decide it with your accountant.