Yes, Indian citizens can definitely buy a investment property in US. Foreign investors have been huge investors in US real estate market as it provides them healthy rental income, good appreciation and a secure investment process.
You should start with finding a good real estate consultant in India who can help you with managing your finance and investment from India. I have worked with myah.in who specialize in helping Indian investors invest in US real estate. Please contact me for more information.... more
Hi Pablo, your best bet is to interview a few top realtors in your area. How do you know they are top realtors? If you would like, I am part of a real estate company that can set you up with a top agents in your area. You can interview them before you decide. There is no cost for this service! Go to my website http://www. parkplaceconnects.com/ngomez for more details. Let me know if you have any questions.... more
Rent to own is a horrible, horrible idea. We have a lease-option program but it's expensive and for a very specific type of buyer. Save your money...wait until you can qualify for a traditional mortgage before you try to buy a home.
Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.
Nobody will allow you to buy a home until your back taxes is all paid up. You need to stay where you are or rent someplace else. The issue is if you need a mortgage loan, the lender needs to be in 1st place if you ever pay late or you default on the loan. Unfortunately ALL tax authorities (IRS, State, County, local - property taxes) are automatically in 1st place - ahead of lenders. This means as soon as the title or deed of the home is transferred in your name - guess what? You will be notified by the IRS that they own your home - not you. The IRS will take legal action and foreclose on your new home meaning the IRS will kick you out. The IRS will then sell your home and your back taxes will be paid. Meanwhile you are now homeless.
To prevent this, lenders do not give you a loan unless all taxes are paid in full. If you have the cash to buy a home, you still can't do this, because the IRS will take your home away from you and sell it to pay the taxes owed.
Remember one thing - everything is recorded on computers. All the IRS has to do is look it up on the computer.... more
Typically you can do it, but it will throw a lot of lenders a loop.
We have plenty of international buyers and have worked through this with many.
We have lenders who understand what an H1B is and know how to work with it.
Unfortunately you can waste time and a lot of money with lenders who say they can and then don't perform.
Let me know if you're still looking or still need assistance.... more
If you are still looking for a home we've got a lender that can do low down payment conventional loans. Sometimes as low as 1% down. Not sure that always works in today's market, but we can try.... more
Probably what you want is not a realtor, but a loan officer that knows VA backwards and forwards. I know that lender. He is a vet himself. Let's get you connected if you are still looking for a home and a loan.... more
There are different kinds of conventional loans.
Some are 20%, some 10%, some even 1% down.
If you are still looking for a home, let me get you connected to one of my great lenders and we'll work through the options with you.... more
You really want to check with both your divorce lawyer and your title attorney about this.
Most attorney's I've heard talk about this say don't buy until your divorce is final.
Since Texas is a community property state, if you buy before divorce even if her name is not on the deed, she could still be 1/2 owner and you may need her signature when you sell. If you are getting a home loan typically the lender will want her name on the deed. Either way doesn't mean it is not community property.... more
I don't see many of these deals and it has never made sense to me.
Probably 90 percent of the transactions have two agents involved.
So it is pretty rare the the listing agent would double end a transaction.
Even when it happens it does not mean it is less work for the agent involved.
Typically as a buyer you would never know about this agreement if there is one.
The buyer would not get the savings, the seller would.
I think it is rare enough that it is not worth chasing or worrying about as a buyer.
Find the house that is a good fit for you and that will make you and your family happy.
Out of all the listings I've ever taken, I've only done it once. I think the sellers thought they were doing something that would benefit them, but I knew that chances were very slim that I would double end it, they asked and I agreed...and ends up I did not double end it.
I know it has been a while since you've posted, but if you are still looking for a home, I'd be happy to help you find the perfect fit for your family.... more
We can walk you through the entire process step by step.
1st is to get a preapproval letter from a lender....
We can get you connected with one.
Then you know how much home you can buy, what the payments will be, how much cash you need to put down, etc.
Then we can go shopping.... more
I can connect you with lenders that I typically work with. They are local in Dallas and have helped many of my clients with their loan. They can give you options. Feel free to connect with me if you are interested.... more