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Can a foreigner buy a house in America for investment and letting the property out on rent?

hi guys. Can a foreigner buy a house in America for investment and for letting the property out on rent? I am not a citizen of the united states and i don't have or want a green card, but can I still purchase properties in the united states by law? Plus, is there always demand for houses in the US? Is there a shortage or are there enough properties for rent already on the market? Thanks guys.

Asked By: s m - 10/3/2009
Best Answer - Chosen by Asker
Yes, you can buy the house. You can not get a mortgage. You will have to pay cash or make payments to the owner. Lenders want a social security number... More
Answered By: Ed Atun - 10/3/2009
Additional Answers (1)
YES, know your area, know the management
Answered By: JudgmentCARE - 10/3/2009
 
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