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| Life After The Green Card How soon can you leave your employer. All other issues after the green card. |
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#1
2nd May 2005, 12:17 AM
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Can a non resident buy a house in this country?
Hi,
If this is an inappropriate question for this forum, I apologize in advance. I have an uncle who does not live in this country, but wants to buy a house here for investment purposes? Is he legally allowed to do so? Can anyone point me to any resource regarding this subject? Any help will be greatly appreciated. Thanks, hbt 
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#2
3rd May 2005, 07:22 PM
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yes he can.
he can even get "no documentation" mortgate loan, which requires 30% down payment from any bank. However if he rents the house and makes income. then he has to pay income tax...need taxid, etc.
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