Alexandria, MN

Bi-partisan support for real estate green card may benefit Minnesota lake region

Senator Chuck Schumer (D-NY) and Senator Mike Lee (R-UT) have proposed a bill that would grant foreign investors a three year residential visa if they purchase real estate valued at $500,000 or more.

It does come with a few strings. The purchase must include a property valued at $250,000 while the balance of the $500,000 can be income producing property. Sorry, cash only and they must live in the property 180 days each year to fully qualify.

A BBC article said that foreign investors bought $82bn worth of real estate in the year ending March 2011, with nearly one third of it in Florida.

Since these visas are not work visas it makes sense that a certain portion of this investment would be vacation homes in areas known for top notch recreational attractions. It’s hard not to think of Minnesota lake country as a prime location for some of these purchases.

Supporters already include the US Chamber of Commerce and Warren Buffett and Senator Schumer is reportedly working to get the White House’s support.

Mid-America Inspection Services, serving Fargo and West Fargo, North Dakota, Moorhead, Alexandria, Fergus Falls, Detroit Lakes, Wadena and the Minnesota Lakes Region

218-443-3555, 320-846-0004, 218-287-0877, 218-841-0444

midamericainspections@gmail.com

www.midamericainspection.com

Realty Executives Alexandria Home Sales Expands its Business by Launching New Era

Alexandria, MN (Grassroots Newswire) September 28, 2009 -- Realty Executives Alexandria Home Sales, located at 504 3^rd Avenue East in Alexandria, announces the local real estate brokerage has gone through a change in ownership. Doug Holm has become the sole owner of Realty Executives Alexandria Homes Sales, with Gloria Iverson, long time realtor for the Alexandria area, as the company's active broker.

"We are happy to share the good news with the Alexandria community. We look forward to working with you in the future." said Holm.

Realty Executives Alexandria Home Sales has been serving the Alexandria and surrounding communities for the past five years. The continuing success of the brokerage has been seen in recent months with the addition of four new Executive this year, and two current Executives, Suzy Lee and Nancy Walters, being awarded the Realtor of the Year and Rookie of the Year awards by the Greater Alexandria Area Association of Realtors.

The Office will be hosting an open house on Friday, October 9^th from 2 - 6 PM. It will be open to the public, inviting the community to see the changes that have taken place within the brokerage, as well as to celebrate the achievements of the two Executives. Food and Beverages will be provided.

Realty Executives International is one of the most closely followed real estate franchises in the world. Since its beginning in Phoenix, Arizona more than 42 years ago, the company has become one of the fastest growing franchises in any industry. Phenomenal franchise growth and a unique franchise development strategy are creating even more interest in the company, according to Rich Rector, president and CEO of Realty Executives International.

For more information about our company and team, contact us at 320-763-4255. Realty Executives Alexandria Home Sales 504 3^rd Ave East Alexandria, MN 56308 www.alexandriahomesales.com

About Realty Executives International
Realty Executives International, the nation's first 100-percent commission company, has been perfecting its business model for more than 42 years and is one of the fastest-growing real estate franchises in North America. The Phoenix-based, privately held company has more than 800 franchises in ten countries, including offices in the United States, Canada, South Africa, Mexico, Australia, Israel, Costa Rica, France, Greece and Indonesia. Publications like Entrepreneur, Success and Inc. magazines have all ranked Realty Executives International, Inc as a leader based on franchise growth, management stability and financial soundness. For additional company information, call 1-800-252-3366, or visit www.realtyexecutives.com.