Can a non USA citizen acquire an immovable property in USA ?

Question

I am seeking in the context of an Indian citizen and had never been to USA. The legal adoptability I am calling for..

Answer 1

There are no restrictions on property ownership in the US. Anyone can buy and in fact a significant chunk of real estate in the US is owned by foreign individuals.

Ignore the remark about paying cash. I know several foreigners who own mortgaged property here. Proving income and creditworthiness can get tricky but it is absolutely do-able.

A little know fact about US immigration law is an exception to quotas for foreign persons who make a substantial investment in the US, either property purchases or business investments that create jobs. The term "substantial investment" is not defined but some have bought their way in for as little as $250,000 though that was a while ago. Today an investment of $500k to $1 million should be quite adequate.

Answer 2

You can, but you have to pay cash and of course you need to come here to sign the papers and show documentation that you can legally come into the country. Since you have never been here you may have trouble showing the need to own property.