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Residential Investment In Downtown Doral

Miami, FL- March 8, 2017- Kaizen Realty Partners, leaders in South Florida Real Estate represented a foreign investor in the purchase of a residential condo at 5252 N.W. 85th Ave #803 Doral, FL 33166. One of the newer developments in Downtown Doral, this condo offers the finest amenities in one of the nation's fastest growing cities.

The owner, a foreign investor from Chile will use the property for investment purposes while residing in a neighboring development. Both the buyer and the sellers of this transaction were international investors. In real estate transactions involving the selling of property by a foreign investor, FIRPTA tax must apply. 

FIRPTA was a significant determining factor in this deal because the buyer was unaware that the law existed. Actually, a common situation that happens with foreign investors; it is, therefore, vital to work with agents who are highly knowledgeable in FIRPTA tax laws. A knowledgeable real estate agent will educate their client on this tax law. Remembering that the U.S. strictly mandates immediate action on the part of all involved parties, foreign investors and agents alike must act quickly in accordance to FIRPTA. Read frequently asked questions about FIRPTA.

Kaizen Realty Partners are skilled in intercultural business negotiations. Virginia Calcano, Senior Agent at Kaizen Realty Partners assisted the buyer with the careful details of this transaction. 

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  • Kaizen Realty Partners, LLC
    Real Estate Brokers
  • South Florida Real Estate
  • 8726 NW 26th Street, Unit 27
    Doral, FL 33172
  • 305.500.5554 (Office)

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