US Real Estate Investment

February 28, 2023February 28, 2023 Red Redial Team 0 Comments

America is interesting not only for immigrants but also for investors. In Florida, for example, everyone knows Miami. But this is far from the only region suitable for investing in real estate. You can find villas for sale in Tampa. It is one of the best options.

Why should you choose Florida?

Principal facts you need to know:

1. Low taxes. The choice of Florida for Americans and Russian-speaking residents of the States is obvious. There is no state income tax for individuals, regardless of citizenship. No interest is charged on dividends or salaries. This fact makes the region attractive for permanent residents.

And in general, taxes are lower here. For example, the local corporate income tax rate is 5.5%, about half that of Illinois.

2. Diversity. When we talk about Florida, we often mean Miami, with elite skyscrapers and a snow-white beach. But in this – one of the largest in terms of population – US state, there are many other famous cities. Namely Orlando, Jacksonville, Tampa, and Palm Bay. In recent years, North Port has been gaining more and more interest.

The city is located between Naples and Sarasota, 25 minutes by car from the Gulf of Mexico. The nearest international airports are Fort Myers, Sarasota, and Tampa.

North Port has all the infrastructure necessary for life and recreation.

Modern public clinics, free schools, hypermarkets, shopping centers with world brands and shops (including Russian ones), places for recreation and sports, golf courses, parks, beaches, hot springs, and the Warm Mineral Springs mineral lake.

3. Low land value. This is one of the main advantages of the North Port. Here, plots with an area of about ten acres, depending on the location, cost from $12,000 to $15,000. For comparison, in the Staten Island district of New York, the same plot will cost at least $300,000.

At the same time, land in North Port annually adds 6-7% in value.

Plots can be bought for the total price (from $12,000 to $15,000) and in installments of up to two years. ,In this case, the payment amount will be $500 per month.

To become the owner of the land, you do not need to collect a package of documents and come to the States. It is enough to send a copy of the first page of the passport by mail. After payment, the transaction is registered in the registry within a couple of months, and the buyer is issued the title to the land (warrant id).

Additional costs for the purchase and maintenance of the site are minimal: $ 500 for registration and an annual tax on land ownership of $ 400. No tax is levied on the sale and purchase of land.

Buying plots through our company guarantees that they are not burdened with unpaid taxes not pledged to the bank, all documentation is correct, it is allowed to build on them, etc.

Reasons to invest in Tampa real estate

Tampa is one of the largest cities in Florida, located on the peninsula’s west coast; it overlooks the Gulf of Mexico and is, in many ways, the nerve center and the site of choice for many leading companies. It is, in fact, the headquarters for some of the Fortune 1000 companies, the top 1,000 US companies by turnover. Tampa is Florida’s third largest city by population, 1st port by tonnage, and 2nd by cruise traffic. The city is also home to the important MacDill Air Force Base, a military installation that houses 15,000 military and civilians.

Through its international airport, Tampa is well connected to several popular US cities (including Los Angeles, San Francisco, Seattle, Chicago, etc.), Canada, and Europe.

Tampa has been one of the cities with the largest influx of new residents in recent years, primarily due to retirees and families from Canada and the northern United States who have chosen to move to Florida’s milder climate to enjoy the area’s excellent services as well as the area’s beautiful beaches. The phenomenon of the so-called “snowboarders” makes it an exciting place to generate rental income, given the characteristics in terms of the stability of these tenants.

In addition, Tampa has also solidified its global influence in sports by hosting the 55th Super Bowl at Raymond James Stadium, including winning it at home!

All of these elements make Tampa an exciting market for real estate investment, especially for those looking to opt for a short-term investment, given the location’s international appeal and stable and consistent rental income, given the nature of the area’s typical tenants.