Can Mexicans purchase real estate in Miami?
No visa, residency, or citizenship is required to purchase property in the United States.
You can buy as an individual, or through a Mexican or U.S.-based legal entity (like an LLC or trust).
Ownership is full and legal (fee simple), just like for U.S. citizens.
Mexican nationals can get mortgage financing from U.S. lenders, typically under "foreign national" loan programs. Requirements include:
30%–50% down payment
Proof of income/assets (even if based in Mexico)
Valid passport and tourist visa (for identity verification)
Higher interest rates compared to domestic buyers
Property Taxes: Same as U.S. residents (approx. 2% of assessed value annually)
FIRPTA Tax: If you sell, 15% of the sale price may be withheld unless you file for a refund with the IRS
Inheritance Planning: Many Mexican buyers use LLCs or trusts to simplify estate planning and limit liability
Geographical proximity and direct flights from Mexico
No state income tax in Florida
Investment diversification and dollar-denominated assets
High rental income potential (especially with seasonal or short-term rentals)
Strong Mexican community and Spanish-speaking environment
As a foreign buyer, working with a bilingual real estate professional experienced in international transactions will simplify every step — from property selection and negotiation to closing and management.
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Meet Antonio Aguirre, your dedicated Broker Associate in Miami. With credentials as a CIPS, Investor Specialist, Pre-Construction Specialist, and Area Specialist, Antonio is uniquely equipped to guide you through the real estate landscape. A family man at heart, he balances his professional life with a passion for sports like rugby and soccer. Whether you're buying, selling, or investing, Antonio is committed to helping you make informed decisions. Let him assist you on your next move—experience the difference of working with a true professional!
How would you act in this market if you were a seller?
If I were a seller in today’s real estate market, shaped by tariffs, high interest rates, and affordability pressures, I would act proactively and strategically—recognizing that buyers have become more selective and cost-conscious.
What are the closing costs and ongoing maintenance expenses a Mexican citizen needs to pay on a property?
As a Mexican citizen buying property in Miami, your closing costs and ongoing maintenance expenses will be very similar to those of any U.S. buyer, but with a few key considerations for foreign ownership. Here’s a full breakdown:
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