Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County (Lubeck Realty Group)

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Rainmaker
3,364,889
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It may slow things for a short period as foreign investors adjust to the new requirement on minimum investment with little or no effect on residential real estate.

Nov 23, 2019 05:40 AM
Rainmaker
3,212,019
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That's hard to say... only time will tell. Not sure it will have much of an impact on real estate sales here in Charlotte.

Nov 23, 2019 05:38 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have no idea.  Wasn't an issue in my area, but in downtown LA lots of construction was financed by these green card purchases.

Nov 23, 2019 08:29 AM
Rainmaker
642,046
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

We have foreign investors. I guess it is a wait and see game. Maybe they'll find value in the higher investments here since we're one of the fastest growing areas.

Nov 23, 2019 07:02 AM
Rainmaker
3,426,320
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

 In some areas there will be those who say there's an "impact" while in others it won't even be noticed.  When it comes down to reality:  real buyers buy and real sellers sell.  Everything else is merely noise.  

Nov 23, 2019 06:28 AM
Rainmaker
792,505
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Maybe for some foreign investors, this will have an impact.  I have not idea if it would have an effect on the market as a whole

Nov 23, 2019 05:51 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Only time will tell.

Nov 23, 2019 05:39 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Did big T raise the price of his condos?

Not an issue around here.

Nov 23, 2019 12:58 PM
Rainmaker
1,035,293
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Can't find a condo for $900K in west coast, Vancouver, or NYC.

They have stopped coming for several years. The deals are too expensive and there are other ways to seek a legal status.

 

 

Nov 23, 2019 12:03 PM
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

That's out of my wheelhouse. 

Nov 23, 2019 08:59 AM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

The effect will not be so great here in California where median home prices are among the highest in the Country.

Nov 23, 2019 06:55 AM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Chartering a Citation Lomgitude and walking into the country is much cheaper!

Nov 23, 2019 06:47 AM
Rainmaker
1,557,759
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

wow, that's a definate increase to slow down some investing. I know & read about this with Arabian & Chinese investors - they blow thru money like kleenex investing in the USA. Won't be me because I'm a small potatoes residential person.

Nov 23, 2019 06:23 AM
Rainmaker
780,753
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

When the TRUMP siblings shared this process with those affected, the press crucified them.

I imagine the lowest cost franchises, 7 11, Subway and Yum Yum may feel a little speed bump, and those foreigners buying business with the minimum number of  employees (these may or may not be existing franchises) will have much more difficulty.

It is unlikely to have any affect on residential sales. However, this DOES present a opportunity to create a VALUE priced CREATIVE SERVICE for investors which is not present in residential sales.

Nov 23, 2019 05:34 AM
Rainmaker
1,658,937
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

That would about kill investing in Minot ND as we don't have more then a dozen homes over that price point a year Donald Urschalitz .

Nov 23, 2019 06:57 PM
Rainmaker
1,694,261
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Yes, and will be harder to get EB-5.

Nov 23, 2019 02:34 PM
Rainmaker
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Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yeah, now it is &900,000.

Nov 23, 2019 01:48 PM
Ambassador
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Anna Banana Kruchten CRB, CRS
Phoenix Property Shoppe - Phoenix, AZ
602-380-4886

No that is not a big deak for investors.

Nov 23, 2019 12:02 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Donald,

I am not sure this will have a big effect.  A

Nov 23, 2019 11:41 AM
Rainmaker
5,119,544
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I'm getting a lot of use today out of "beyond my paygrade" ....

Nov 23, 2019 11:14 AM
Rainmaker
941,060
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Less than 5% of my clients are foreign investors, so it will be hard to tell in my micro-climate.

Nov 23, 2019 09:25 AM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Doubtful in California. Only time will tell.  

Nov 23, 2019 09:23 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for the alert.

Nov 23, 2019 08:50 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks for sharing, had not heard this.

Dec 02, 2019 08:19 AM
Rainmaker
2,645,885
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hmm, I had not heard about this, but if the minimum investment is in that range it might not matter that much anyway since they likely have the money to spend.

Nov 26, 2019 09:54 AM
Ambassador
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Michelle Cherie CarrCrowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I was not aware of this change, that is good info to know and share, thanks.

Nov 25, 2019 07:28 PM
Rainmaker
712,479
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Time will tell. I have not dealt with a client for whom the EB-5 was an element of the buying equation.

Nov 25, 2019 03:18 PM