I know people in Canada, China, England etc. that own property.There is no law I am aware of that says who can and cannot own real estate.  

@Jose Martinez I use a local regional bank that has about 15 branches in northern New England.

The alternative to that is going to the Cape, Western MA, as well as adjacent states with coastal/lakeside properties where many of us New Englanders vacation. 

I love New England and I’m from the Cary/raleigh area of NC so those are my top locations.

i am unfamiliar with your local market but up in the North East, New England in particular, my brokerage hosts a lot of REI meet ups every month.

There are MANY landlords with properties on the west coast and in the New England states, that deal with negative cashflow - but, depend on appreciation to make their rentals "profitable".

@Bryce Jamison So, explain to us how your logic applies to 200 year old homes in New England area that continue to appreciate?

Originally posted by @Jerry England:@Chris PiperGreat post!

If you're looking to stay in New England, New Hampshire has, by far, the most landlord friendly tenant laws.

PS Rochester and Buffalo were ground zero for much of this stuff also there were groups buying those homes for 10k packaging them up and selling them for 80k to investors from England. the city / state finally cracked down on that and there was some folks that got in trouble on the criminal side of it.. you can google it.. wont mention names but you can find it if you dig deep enoughBut this is nothing new.. buying hood rates for pennies and selling them for dollars to foreigners and unsuspecting out of state folks.