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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"And while I'm accustomed to working with the foreign investor, it always takes a great amount of patience, tact, and expert communication to close the deal. Establishing trust and helping them understand how U.S. laws differ from those of their country is my number one priority" says Senior Agent Virginia Calcano.
About Kaizen Realty Partners
Kaizen Realty Partners is a real estate system of accomplished professionals building relationships with clients while providing real estate services with the Kaizen philosophy of continuous improvement in Quality of Service, Leadership, Technological Advances, Company Culture, and Efficient Results. The Kaizen Philosophy was adopted to maximize value to clients. We strive to provide our customers with progressive and innovative ways to enhance their real estate options while contributing to the value of the community around us.
Kaizen Realty Partners is a full-service real estate firm. Kaizen agents are ready to serve the South Florida client with a commitment to excellence in Sales and Leasing, Investment Properties, Landlord Representation, Tenant Representation, Real Estate Marketing, Lease vs. Sale Analysis for Sellers, Lease vs. Sale for Tenants and Buyers, Site Selection Services, Tenant Space Construction, and Property Management.