U.S. property prices are among the cheapest in the developed world, compared to other countries like UK, Hong Kong, Paris, Stockholm, Sydney etc.
In fact, more foreigners are buying U.S. properties. The interest has soared over the last few years because of the country’s favorable housing prices, good weather, the relative economic stability and the attraction to America in general.
The United States does not place any restrictions on non-US citizens buying and owning real estate in the United States even if you never visited the United States. You won’t need a green card to buy a house in the USA, but you will need an Individual Taxpayer Identification Number (ITIN). Depending on your nationality, you may also need a valid foreign passport, visa and two or more current photo identifications, such as a driver’s license.
Here is some important information you might need to know before you proceed forward.
Get an ITIN:
To obtain an ITIN, you must complete IRS Form W-7, IRS Application for Individual Taxpayer Identification Number.
Type of Property You Can Buy:
You can buy single-family homes, condominiums, duplexes, triplexes, quadraplexes and townhomes.
You can obtain financing for properties with a 30% down payment ( 40% for Miami).
Homeowners in the U.S. are subject to property taxes regardless of their nationality. Property taxes vary from state to state, and even within states, from 2.076% in Bergen County, New Jersey to 0.251% in Hawaii County, Hawaii.
Interested in making the US your home? Then the EB-5 Visa Program may be the right option for you.
Message us on WhatsApp +1(224) 650-4020 or click on this link (https://ellisisland.capital/chat/).
We will guide you through the requirements and help with your entire EB-5 Visa application process.
Message us today.