Dubai will care where the cash came from as money laundering and other crimes are still a crime there.Dubai does not tax foreign nationals for a period and there are other tax laws that are designed to encourage investment.At the same time the US tax laws still apply to any US passport holder or holder of a US green card.

I get properties everyday that are being sold off market and I package them (meaning do all the leg work) run the numbers, call on zoning, codes ect, market analysis, comps, and present it to my investors who are looking for such properties and work them through the rest of the deal.

Build a database built on what types of properties they want and the rest of their criteria.

Refuse to sign anything that says it will be a second home unless you use 1/2 as a second home for some period of time.

Go to Lowes, Home Depot, 84 Lumber etc and ask.I use subs based on time vs money and do the rest myself like Rehab702.

That makes it easier than someone who is looking to hang out the “gone fishing” sign for the rest of their life.

People, we are about to enter into one of the greatest real estate purchasing periods this country has seen in a long time!

My research tells me they are going higher thru the rest of 07 at least.The median price of USA homes has risen to $260,000 ish..Math that and one arrives at $34b a month.REDevelopers volume is not included..but we all know it is horrendously both enormous and under stated.

Likely it will not be worth the fee after the free period.

While the nation struggles through a housing crunch, there are many markets that continue to do well, despite the rest of the country.