Pros and Cons of foreigners buying US real estate

[Michael Wentzel]

I've spent a good portion of my adult life living and working in Africa, although I'm a US citizen. My family and I have been back in the US the last two years, but we're hoping to move back to Africa later this year. One of businesses I would like to pursue is helping facilitate investors from Africa and the Middle East purchasing Real Estate investments in the US.

For those of you who have done this yourself or facilitated others doing so, what are the three biggest pros for foreigners buying Real Estate in the US? Prices? Return? Safe economy?

Then, what are three biggest cons I'll need to address in the process? Taxes? Legal issues?

Mike

[Curt Davis]

@Michael W.

The pro's are that if you set up your business and align yourself with the right turnkey providers you can do well.  The thing we see as an issue is people who we work with that do what you are referring to require such a hefty " fee " for bringing the buyer that it makes the numbers look not as good.  

Financing will be tricky and creative so you will need to find a US company that will make loans to foreign investors.  They will most likely be high interest with less then stellar terms.

Good luck