I think you can purchase property located in the U.S. just as a U.S. citizen can purchase property in other countries. Foreign entities and individuals do it all the time so I don't see why you couldn't.

But what about the documents.

I am pretty sure you can but you might need a lawyer in the states to make everything go smoothly.

I have several clients from Mexico that have bought homes in Texas, especially here on the border. Naturally you have to have your finances in place to do so. Good Luck!!

Yes...you can buy property in the US.

you can, no trouble but tax wise when you sell there is a 30% deduction if the seller is foreign and you need to do your taxes, you can avoid it when using an LLC when you are in a country with a double taxation avoidance agreement with the US, some simply do it by giving a US address when buying and play it by the ear, as long as you do the taxes right the IRS usually does not say anything, they do not check your status, but its still not legal.

__________________

Yes. Bring in your foreign dollars. Our economy is happy to have them.

Yes, I'm sure you can but I would consult lawyers or trusty real estate agents to make sure as it is a serious transaction.

Yes, surely it is possible but first you ask some real estate agents about it or also you can repeat your question on yahoo answering and lots people can easily guide you about this matter.


bayut.com

Foreigners are allowed to buy real estate in USA. They can even get a mortgage from some select US banks, the down payment is higher 40-50%, and interest rate is slightly higher. IRS allows foreigners to elect to be treated just like US nationals, on the real estate income/expenses. Prices in some places in northern california are lower than replacement cost, and 1/2-1/3 of peak prices in 2005/2006. Visit BuyHomeInUS for more info.

Where are you from? I know that there are companies in Canada that help people buy properties in the US as they have US teams setup to help with the facilitation and to help evaluate if a property is indeed a good deal (non-bias approach). Check out CANREIG (Canadian Real Estate Investment Group) for example. Were you considering buying it personal or under a corporation or LLC? And is it for investment or personal use (i.e. will you be making cash flow with it)? If so, then you need to think about filing taxes etc. (one reason why I asked if you're going to purchase it as an LLC that's registered in the US).

Lolz im sure that they will be thrilled your planning to buy a house in US with their economy

Can a foreigner own land in Thailand? ... allowing foreigners to buy property with a 50 year lease (which is slightly better than in Thailand

You can but it will involve a lot of paperwork or so I've heard.