property is said to be a good investment, so I am interested in buying property in the States.I have an excellent credit rating. But, I amm not sure if living and working overseas would pose a problem.
2006-06-27 09:11:07 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
As long as you're a citizen and pay your taxes & utilities, there is no problem.
2006-06-27 09:15:16 · answer #1 · answered by Buffy 5 · 0⤊ 0⤋
Of course you can buy property. You don't even need to be a citizen to do that. I assume you're really asking about getting financing for what would effectively be considered a 2nd home. My suggestion is that you ought to do so soon. I think it would be possible to finance it now, as money is pretty easy these days. Even for 2nd homes and investment property, you can get loans. However, I also expect this 'easy money' to dry up soon. Also, interest rates are rising.
Living and working overseas will probably pose a small problem, but no more than it will for another American who lives and works in Omaha, and wants to buy a place in Florida. It's easier, the more money you're able to put down.
2006-06-27 16:20:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, as a citizen you are all set, where you reside and work doesn't really matter. You do not need to be a citizen to purchase a home, you'd just need to prove that you are legally here, by form of a Visa (not the credit card) at the minimum.
I hope you would have proper support in place to look at and manage the property if you were not doing that yourself, including a proper inspection. Buying a property sight unseen because it's "said to be a good investment" could lead to trouble.
2006-06-27 18:51:25 · answer #3 · answered by ReggieWjr1 4 · 0⤊ 0⤋
Yes, you can buy. I would be happy to get you pre-approved for financing so that you know it is a sure thing. I can lend is all states and am a Relationship Manager for a very competitively priced National Bank.
www.firsthorizonusa.com/. After the / type in nancylabont. You may apply via short form there.
2006-06-27 16:50:39 · answer #4 · answered by mazziatplay 5 · 0⤊ 0⤋
Of course you can buy property here in the U.S.. You would need a property/realty company to rent it out for you and keep the maintenance up on it while you are away. Good luck. You can never go wrong in real estate.
2006-06-27 16:19:30 · answer #5 · answered by maniaajo 3 · 0⤊ 0⤋
Yes why not? If you want to take advanatge of real estate appreciation from overseas invest in a REIT or a real estate equity fund. you dont need to actually own property. owning property comes with the hassle of real estate taxes and maintenacne
2006-06-27 16:15:48 · answer #6 · answered by ES 3 · 0⤊ 0⤋
You're a moron. Just as the US housing bubble is blowing up, you want to buy property because it's said to be a "good investment." LOL. You're about 6 years too late.
2006-06-27 16:15:33 · answer #7 · answered by angrysandwichguy2006 3 · 0⤊ 0⤋
STOP ASKING STUPID QUESTIONS. AND ALL THE ANSWERS ARE WRONG AS WELL. YOU DONT HAVE TO BE A CITIZEN TO BUY PROPERTY IN THE US. THIS SITE IS USELESS WHEN WE KEEP GETTING DUMB QUESTIONS AND EVEN DUMBER ANSWERS
2006-06-27 19:08:09 · answer #8 · answered by eight beers 3 · 0⤊ 0⤋
Nope, as long as you are a citizen, you can buy!
2006-06-27 16:15:48 · answer #9 · answered by yogazen 4 · 0⤊ 0⤋
no you dont have to be a citizen, i think you may have to have a visa.
2006-06-27 17:22:11 · answer #10 · answered by fem lopez 1 · 0⤊ 0⤋