to buy a house from Turkey

[Zafer Avsar]

I currently reside in Turkey, but approximately 28 years ago, I was living in Long Island, NY. At that time, 
used to be a vendor at Attias Flia Market in Sayville. I held a bank account with Northfolk Bank. However, I believe that another bank acquired Northfolk Bank recently, resulting in the loss of my checking account and credit history. As I am in the process of setting up an LLC in one of the 50 states, I will require a new bank account. I never anticipated that the bank where I held an account would be acquired by another institution, leading to the disappearance of my account.

I want to buy a house in of those 50 states, but I think I need a credit history. SinceI possess a social security number, and I am wondering if it is possible to open a new account remotely and online. 

In other words, in order to buy a house for investment, what kind of road map shall I follow?

Thank you in advance for your assistance. 

[AJ Wong]

Hi Zafer, as an international investor you can purchase a property without a SS#. Generally 25% down payment is required but no credit required. Check in with @Joseph Chiofalo for what is referred to as a 'Foreign national' mortgage. 

[Joseph Chiofalo]

Hi Zafer, 

What price points would you be targeting for these properties? 

Most lenders will require at least 25% for a 1-4 unit property.  No social security number would be required. 

Do you currently own any real estate in Turkey? 

[Mohammed Rahman]

Hey @Zafer Avsar - I'm a broker and investor in NYC/LI. I've worked with similar situations before with clients abroad purchasing property in NY. 

In terms of opening a bank account, most of them will ask for a local address but a lot of the online banks may not verify it. 

FYI - you can purchase property without necessarily having a local bank account or credit history. The US is one of the few places where even foreign nationals can purchase real estate without too many complications. 

[Zafer Avsar]

Quote from @Joseph Chiofalo:

Hi Zafer, 

What price points would you be targeting for these properties? 

Most lenders will require at least 25% for a 1-4 unit property.  No social security number would be required. 

Do you currently own any real estate in Turkey? 

 Yes I own a home and a few acres here. Actually, I am not sure about the price now. It depends on how much I can sell my land here.