Sat, Nov 21 2009

Investment in real estate in US guarantees a green card

Thu, Jan 15 2009 16:58 CET 2139 Views 6 Comments

The purchase of a piece of property in America, a single-family house, a PUD (planned unit development) or a condo (flat within a condominium) will guarantee you and your family a green card. This is one of the extreme measures implemented to help stall the meteoric fall of the United States economy in light of the economic crisis, Bulgarian weekly Stroitelstvo Gradut reported on January 15.

Thirty-five accredited investors will have the opportunity to acquire real estate in the south-eastern state of Florida - by purchasing a house - they will be granted a green card for permanent residence and right of employment for the buyer himself and his/her entire family.

Additional conditions are that the prospective buyer must have a clean criminal record, a good credit record, the ability to present and prove a decent monthly income, and no outstanding financial obligations or credit liabilities. The purchase itself can be done either with cash, bank transfer or monthly instalments, but the financial resource must be proven legitimate.

The US government has allocated 10 000 such visas nation-wide for potential investors in real esate, under a programme approved by the US Congress. Florida's is the first such programme that has actively been given the green light to commence. Specialists in the field argue that this is the best time to invest and purchase property in America, as prices in some states have been slashed by as much as 25 per cent. Experts argue that within three years' time, however, the market will stabilise and prices will rise.

Comments

Anonymous wayne Sun, Jun 07 2009 23:31 CET

This comment has been removed by the moderator because it contained .

Anonymous FB Tue, May 19 2009 23:32 CET
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Nick is either a lazy journalist or a scamming realtor.

As other posters have said, this is a bastardization of the EB5 program. However, it requires the investment of 0.5M minimally in a business, not that you purchase a house.
In addition there are EB5 projects all over America -- it's not solely a Florida thing!

Anonymous kyengineer Tue, May 19 2009 21:15 CET
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What a load of crap. Do not give money to people or agents who spout this nonsense. It is absolutely NOT true - you CANNOT obtain a green card by simply buying property. If that was the case, half of the British in Florida would have one - and they definitely don't!

Anonymous krankymom Tue, May 19 2009 21:12 CET

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Anonymous D Barclay Tue, May 19 2009 15:12 CET
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What a total lot of nonsense

There is no such visa... Its a mis-interpretation of the EB-5

Anonymous Alan Tue, May 19 2009 12:02 CET
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I do not think this is corrct. Can you please point me to a govern web site outling thsi possibility

Anonymous Tadta Tue, Apr 07 2009 17:34 CET
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I am ready to buy property in florida right now. how do i go about it.

Anonymous raul Sun, Mar 01 2009 23:30 CET
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hey, i wanted to know how wil they check your credit if you dont have a ssn number?
And is it true that if you buy a property you will get a green card?
And can your parents or your brother help you with the credit?please let me know.my email is mailto:budraul@gmail.com

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