Coconut Creek Real Estate, Remax ParkCreek

Visas could be used as a dangling carrot for Coconut Creek real estate investors. Legislation is in the works to attract foreign investors into the US real estate market to help boost the economy. A similar program to boost jobs has been in operation for years.

A little publicized program, the EB-5 Regional Center Program that has been in existence for a little over 20 years. The program allows wealthy foreigners to invest a minimum of $500,000 in areas deemed as high unemployment areas, and a minimum investment of $1 million in more stable areas. In return for the investment the investor can obtain permanent green cards after a two year period, if at least 10 jobs were created and still in existence.

In todays economy the EB-5 program is being revisited by many communities as a way to bring in money, development, and jobs. Regional investment centers must be approved, and the process is not easy or seamless, but when it works it can be extremely helpful for a communitys economy. This is, in essence, allowing wealthy immigrants into our country legally, using their money to create jobs, and accepting their money into our economy.This could potentially boost Coconut Creek real estate and the area as a whole.

A new bill being introduced in congress is similar to the EB-5 program but is intended to boost the nations real estate market. The goal is to offer visas to foreign investors who buy a primary residence of at least $500,000 in value. The home-buying bill is supported by the US Chamber of Commerce and is seen as a way to entice wealthy foreign investment to communities across the nation. The bill would require investors to live in their US homes for at least 180 days a year. At the same time, if the home is sold the visa is no longer valid.

Foreign investors who have money to spend on Coconut Creek real estate would also spend money in the community. Many of these investors are not intending to work in the US but they certainly will be spending money in the US, something which could add significant aid to our languishing economy.

Click here to read more about the home-buying bill.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.