buying property in new york
#1
Just Joined
Thread Starter
Joined: Sep 2010
Posts: 1
buying property in new york
Hi all,
I'm new to this site so please forgive me or direct me in the way of the relevant post if this has already been answered somewhere.
I'm thinking of buying a small flat in new york as a second home, somewhere i can visit for a couple of months at a time. Could anyone tell me whether i would simply be able visit on a tourists visa again and again, probably 3 times a year or would i have to apply for some special kind of visa to do this?
Any help you could give me would be greatly appreciated, thanks in advance!
I'm new to this site so please forgive me or direct me in the way of the relevant post if this has already been answered somewhere.
I'm thinking of buying a small flat in new york as a second home, somewhere i can visit for a couple of months at a time. Could anyone tell me whether i would simply be able visit on a tourists visa again and again, probably 3 times a year or would i have to apply for some special kind of visa to do this?
Any help you could give me would be greatly appreciated, thanks in advance!
#2
Re: buying property in new york
Hi all,
I'm new to this site so please forgive me or direct me in the way of the relevant post if this has already been answered somewhere.
I'm thinking of buying a small flat in new york as a second home, somewhere i can visit for a couple of months at a time. Could anyone tell me whether i would simply be able visit on a tourists visa again and again, probably 3 times a year or would i have to apply for some special kind of visa to do this?
Any help you could give me would be greatly appreciated, thanks in advance!
I'm new to this site so please forgive me or direct me in the way of the relevant post if this has already been answered somewhere.
I'm thinking of buying a small flat in new york as a second home, somewhere i can visit for a couple of months at a time. Could anyone tell me whether i would simply be able visit on a tourists visa again and again, probably 3 times a year or would i have to apply for some special kind of visa to do this?
Any help you could give me would be greatly appreciated, thanks in advance!
Your only saving grace might be if you are of retirement age. Many people do retire and then buy property in the USA, spending 6 months in, 6 months out. But it will depend on your age.
If you do not qualify to use the VWP, then your only choice is a B2 visitor's visa. Whether you will be successful in getting one, no one can say. You will need to prove strong ties to some place outside the USA. Again, owning property in the USA does not help your case.
Rene
#3
Account Closed
Joined: Mar 2004
Posts: 2
Re: buying property in new york
Couple of months x 3 is getting dangerous.
I am not convinced of the merits of buying in this case, have you considered renting instead?
I am not convinced of the merits of buying in this case, have you considered renting instead?
#4
American Expat
Joined: Jan 2004
Posts: 7,598
Re: buying property in new york
Does "a couple months" mean 89 days in this case?
Also, tell us a little about your situation. Age? Finances? Family?
A 25 yr old waiter would have a tough time pulling it off, but a 65 yr old retired CEO would not.
Also, tell us a little about your situation. Age? Finances? Family?
A 25 yr old waiter would have a tough time pulling it off, but a 65 yr old retired CEO would not.
#5
Re: buying property in new york
New York or New York City?
I assume you know how small and expensive a flat in NYC is? It is also likely to be a co-op, have you considered the co-op board might not want to sell to a person who is never there. Don't forget the co-op fees, in a doorman building they can be huge.
I assume you know how small and expensive a flat in NYC is? It is also likely to be a co-op, have you considered the co-op board might not want to sell to a person who is never there. Don't forget the co-op fees, in a doorman building they can be huge.
#6
Re: buying property in new york
Actually I also wanted to ask same question. So buying a property doesnt help you for example to migrate to US parmanently?
#10
Re: buying property in new york
If you buy a Co-op in NYC there is quite a bit of paperwork. Besides your mortgage you will also have maintenence fees every month. You will also have to go through at least one interview with the Co-op board.I agree that they might not want to sell to someone who is not there that often. I used to work in real estate and Co-Op boards are a pain in the but. You also don't actually own the apartment. You own shares of the building. Condos are a different story but there are far fewer condos and they tend to be more expensive. You might be better off looking into short term furnished rentals if you will be here a few months out of the year. Some hotels also do long term stays as well. I also agree that a couple of months stay a few times a year might raise suspicion.