Although controversial, Barack Obama’s recent executive actions to overhaul the immigration system will further feed real estate development in Miami. The EB-5 visa can lead to citizenship if a foreigner invests a minimum $500,000 in US-approved real estate projects and creates jobs locally. Some developers are using the EB-5 to help fund residential and commercial projects.
Miami is a prime focus of foreign investment from Latin Americans and important to Europeans too. The US has already reached its 10,000 EB-5 visas cap this past year, with many visas going to Chinese investors, so think about the Venezuelans, Brazilians, and other South Americans that have missed out! Local demand for EB-5 visas is so great that the City of Miami has created an EB-5 Regional Center for Foreign Investment!
By expanding the Miami program we could be expanding Miami!
To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!