Buying in cash in Miami is simpler than it sounds — as long as every step happens in the right order. This is the roadmap I use with my clients:
1. Define the purchase structure
Individual or LLC? An LLC (in Florida or Delaware) is common for privacy and estate organization, but it carries tax and succession implications. Decide this with a cross-border attorney before making an offer.
2. Prepare your proof of funds
The seller will ask for proof that the funds exist and come from a lawful source. Organized bank statements speed everything up — and in multiple-offer situations, a solid proof of funds is worth its weight in gold.
3. Plan the wire transfer
Funds leave Brazil through a foreign-exchange contract with an authorized bank, declaring the purpose of the transfer. A poorly planned exchange delays closing: get ahead of it and align the timeline with your bank manager.
4. Offer, inspection, and title
With the price defined, we make the offer, inspect the property, and run a title search with title insurance. In cash, closing usually takes 2 to 4 weeks — versus 45 to 60 days for a foreign-national mortgage.
5. After the purchase
Opening accounts, securing insurance, registering with the condo association (HOA), and — for investors — setting up the rental management structure. The job doesn't end when the keys are handed over.
Buying well means buying with a process. Every skipped step becomes a cost later.