Sunny Isles Beach, Fl. The announcement by President Donald Trump of a "Gold Card" permanent resident visa replacing the EB-5 program, is generating great expectation on the real estate world.
The real estate market has proven to be the most influential in jobs and tax creation worldwide.
The program could allow to qualify any investment property in the US priced above $5 million. A tremendous opportunity for investors worldwide.
"Hopefully, we will welcome this initiative to deregulate and improve the real estate market with open arms" said Fernando Pettineroli, a listing agent in Sunny Isles Beach, Florida.
The guidelines for the program are not clear yet and questions about the program point if the program will include investment properties, or is just a fee to be paid to the government.
"We can't help to be over-optimistic on this opportunity, so we just created a new platform to include all properties price tagged above $ 5 milion" explained Pettineroli. The information can be found at http://www.goldcardmiami.com" *.
"The platform is a magazine of opportunities including all available properties on price range in the Miami area and updates instantly" announced Pettineroli.
"EB-5 had so many capricious requirements of location, etc. that it was basically impossible to be taken seriously. It was only a paradise for attorney fees only." Concluded the veteran real estate agent.
According to press reports, the new "Gold Card" program will not require "job creation" and is expected will clear the discriminatory guidelines for locations and use of the old EB-5 program.
The Gold Card program, that resemble similar plans from other nations, is expected to be launched in mid March 2025.
*Services rendered limited to real estate transactions. The site does not offer nor provide legal, accounting, investing or immigration services of any kind".