Are there any restrictions for a foreigner buying land in the USA

In Buying Property - Asked by Bernie M. - Mar 26, 2012
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Answer(s)

Gordon T.
Broker/Agent
West Palm Beach, FL

No there is none and if you buy an investment Property of $ 500,000 or more there is a process in place to apply for Permanent Residency in the United States..

Mar 28, 2012
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Nancy G.
Broker/Agent
Rochester, NY

I can help one of your clients in GA for an EB5. Some states may have different rules e.g. tax ID and how you get a tax ID may be necessary. If the person is using a loan, the rules will differ too possibly by state.

Apr 10, 2012
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Chris R.
Broker/Agent
Denton, TX

Typically not if paying cash other than to provide proof of identity. If purchasing with a loan - then you would have to adhere to the requirements of the lender. You would probably want to confer with a CPA/Attorney in the area where you are seeking to buy to discuss specifics for the area and your particular situation.

May 23, 2012
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