Can a non resident buy a house in this country?

[hbt2002]

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

 

[harvydonald]

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.