Profile picture for sohil1

Sir Im indian citizen can i buy home in usa as investment purpose please let me know my eligiblity

  • September 20 2011 - York Township
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Answers (11)

Profile picture for wetdawgs
steavcullin174

Purchase of property in the US does not provide a visa for residence or employment.  
  • November 01 2014
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Hello Sohil,

There are many loan programs available for foreign buyers. I am a Realtor from Orlando (Disney) area and work mainly with international buyers who purchase investment homes. The loan criteria's are changing every now and then, therefore it is best to contact a lender directly.

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  • November 01 2014
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,
  • October 30 2014
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Profile picture for bansaldilip66
sir
 my son is in us in last six year. i want to buy property in us .with joint name with my son can i buy

regards
dilip bansal
  • October 30 2014
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Profile picture for steavcullin174
sir i wan to buy a house in las vegas i am a indian and i want to live their so can i buy a house or live there????? please help me..
  • August 16 2014
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Profile picture for ipathan7862012
Respected Mr Marco Santarelli as stated in your earlier reply that you have two seller financing programs for foreign nationals - Atlanta and Kansas City. I would like to know Kansas City in which state of USA as there are many cities by the same name "kansas city" in many states and about Atlanta is it in Lilburn area kindly let me know this
  • June 28 2014
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Yes, virtually anyone can "buy" property in the US; however, you may wish to learn more about the regulations when you decide to sell the property.  We have a rule that pertains to foreign owners, "non-resident aliens" is the term used in the IRS code, named FIRPTA. 

In a nutshell, if you are classified as a non-resident owner (meaning no green card, substantial presence, etc.), there is a requirement upon sale that 10% of the gross sales price be withheld and paid to the IRS.  This is done so that you would have to file a US tax return if you wish all or a part of it back. 

There are exemptions to the rule, such as when the property is used by you as a principal residence, or involved in a 1031 tax-deferred exchange; but, with all exemptions, you would need to carefully study those prior to selling your property.  Here is a link that I hope works where you can learn more about FIRPTA: 


Hope this helps!  Take care and good luck - and please call if you have more questions.
  • September 20 2011
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Yes you may, but it has to be 100% cash deal since you might not qualify for any mortgage.
Please let me know if you are thinking to buy anything in New York, perhaps I can help.
Good Luck

Anu
  • September 20 2011
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Sohil,

You can buy here and also can get financing if needed. If you have an acquaintance to recommend a real estate agent, start there.  That person can hook you up with  a lender and an attorney.  The three should be able to guide you.  No agent?  Find an attorney local to your area of interest who specializes in real estate.  Learn the legalities from him/her and be guided towards an agent and/or a lender.....Paul
  • September 20 2011
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Profile picture for Sharon Lewis
Yes you can purchase in the USA, where were you thinking of buying?
  • September 20 2011
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Yes you can.  Typically you would need to make an "all cash" puchase because there is no financing by lenders.  however, we have two seller financing programs for foreign nationals - Atlanta and Kansas City.

Feel free to contact me anytime.

Good luck!
  • September 20 2011
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