You're going to have to speak (email) a couple of lenders regarding any lending programs available for foreign nationals.

Regarding coops, they tend to promote the financial and residential stability of the community and will not appreciate the transient nature of an absentee landlord or short-term rentals.

Condos may have similar lease restrictions and not allow leasing of the units w/in your first year of purchase. Condos would be easier to purchase as they (mainly) don't require personal interviews.

As to the theory that Manhattan may be a better investment than the rest of the U.S. Have you heard of, "buy low, sell high"? There are many wonderful properties in the suburbs of Manhattan that may interest you. They're close to Manhattan, but w/in an easy train commute to the landmarks and culture of Manhattan.

Sun Mar 9 2008, 19:35