STEER CLEAR of FOREIGN COMPETITION …………

American investors should be wary of purchasing real estate in markets where there is heavy foreign investment, which they are purchasing for noneconomic reasons, so yields are pushed down in certain markets in America’s largest cities, such as Chinese buying for their student children, according to Dr. Mark Dotzour, Texas A&M Real Estate Center.  Foreign investors from all over the world are “still piling into U. S.” real estate using “EB-5 funds”.  An EB-5 visa allows foreign nationals to obtain a green card for the purpose of investing money in the U.S.  Slow start, but probably will take off in 2015, particularly with hotels & shopping centers.  JUST KNOW THE MARKET YOU ARE INVESTING IN!!