Financial attraction

Florida property investment includes several advantages:

• Appreciation on real estate property investment: prices are very attractive and have a good growth rate
• If financing your real estate purchase, you can leverage it with mortgage payments covered by rent
• We finance foreigner’s real estate purchase with as low as 30% down. Our in-home mortgage brokers will personally handle your mortgage application (as quick as 30 days to be approved in most cases)
• Rates are either fixed or variable
• Duration of the loan term: either 15 years or 30 years
• There is no penalty for prepayment. In the same way the borrower may partially prepaid each month without penalty.
• Very little information is requested: "non income verification" loans are available
• Closing fees represent about 1.5% of the sale price for a cash transaction, and about 3% if you finance your investment.

Wealth tax

Foreign investments properties are part of the Wealth tax basis in France, and refer to the same rules applied to French investment properties. Loans subscribed in foreign countries for properties investments will be deductible from the taxable basis.

Income tax - Capital gains tax

According to the fiscal agreement between France and United, incomes from investment properties (including resale gain taxes) are not taxable in France: the only fiscal tax due will be paid in United States (federal and local taxes). However, there are some complicated "real rate rules". France reserves the right to consider American income to calculate the French income rate, meaning that your American income is not taxable in France, but it is considered to increase French tax progressiveness effects. Nevertheless, as long as your American income is weak or nil (regarding deduction of the loans), this rule may not get any impact. In practice, we need not to mention the U.S. rental fee income of a weak amount in French statement of income.

Please call us for any further information or questions.