Invest $500,000 in US Real Estate and Get a US Visa

The influence of foreign investors and their potential to help the housing market hasn’t been lost on legislators, it is reported that Senators are introducing a bill that would grant visas to any non-U.S. citizen who spends at least $500,000 on residential real estate in the United States, which they believe will help fuel demand. “A new provision to an immigration bill already being considered by the U.S.

Senate was proposed last week by Senators, Chuck Schumer of New York, and Mike Lee, of Utah that would grant residence visas to foreign buyers spending a minimum of $500,000 to buy residential property in the U.S. The ‘Resident Visa’ provision to the immigration bill was written with the purpose of boosting and energizing the slow U.S. Housing market by encouraging foreigners to purchase U.S.

real estate. If accepted, this provision would compliment other foreign visa actions proposed in the bill that would encourage more spending and capital investment by foreigners in the United States. There are some stipulations. Here are some of the highlights: At least $250,000 must be spent on a residence and the balance would be allowed for residential rental/investment properties. Foreign buyers must pay for their purchases with cash, pay U.S.

taxes and spend a minimum of 180 days in the U.S. Foreign buyers granted visas would not be able to work in the U.S without obtaining a work visa via the normal and proper channels. Foreign buyers would be able to bring their spouse and any children under the age of 18 with them. The ‘Residence Visa’ would expire when the property/properties are sold.” Florida Attracts Foreign Investors Florida, known as ‘The Sunshine State’, is again attracting buyers who are finding bargains galore. Although the USA claims to have been out of recession for the last 12 months, it is possible another dip may happen due to weak consumer confidence and tight lending criteria. But for the long term, Florida is bursting with opportunity. Florida was riding the boom to its highest peak, but now homeowners are finding the value of their properties 50% less than five years ago. For example, a four bedroom villa with a swimming pool in the Orlando area, 20 minutes from Disney, is on the market now for £111,000.00.

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