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I am an American who lectures in an overseas University. Can I buy property in The US?
Question by Eclectic Curiosity: I am an American who lectures in an overseas University. Can I buy property in The US?
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.
Best answer:
Answer by beverly6343
As long as you’re a citizen and pay your taxes & utilities, there is no problem.
Know better? Leave your own answer in the comments!
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.
Nope, as long as you are a citizen, you can buy!
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
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.
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.
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.
http://www.firsthorizonusa.com/. After the / type in nancylabont. You may apply via short form there.
no you dont have to be a citizen, i think you may have to have a visa.
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.
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