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Wholesale Lenders Licensed in the U.S. Virgin Islands
Need to sign up with wholesale mortgage lenders for government, conventional, and non-QM loans in the United States Virgin Islands. Also, need wholesale commercial lenders and hard money lenders for real estate investors in the United States Virgin Islands. Please contact us at Gustan Cho Associates at 262-627-1965 or text us for a faster response. Or email us at gcho@gustancho.com. We are forecasted to be a one plus billion dollar mortgage lender licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. We do residential, business, and commercial loans.
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The U.S. Virgin Islands (USVI) is a U.S. territory in the Caribbean Sea, east of Puerto Rico. Here are some key points about the USVI:
Geography: It consists of three main islands: St. Croix, St. John, and St. Thomas. Several smaller islands are also part of the territory. Total land area is about 133 square miles
Political Status: Unincorporated territory of the United States. Residents are U.S. citizens but cannot vote in U.S. presidential elections.
Economy: Tourism is the primary economic driver. Other industries include rum production and petroleum refining
Climate: Tropical, with warm temperatures year-round. Hurricane season typically runs from June to November
Population: Approximately 100,000 residents as of 2021 estimates
Culture: A blend of Caribbean, African, and American influences. English is the official language, but Spanish and Creole are also spoken.
Real Estate: Property can be expensive, especially in tourist areas. Non-U.S. citizens can purchase property without restrictions
Taxes: U.S. Virgin Islands residents pay taxes to the USVI government, not the U.S. federal government.
There are some tax incentives for businesses and individuals.
Infrastructure: Modern amenities are available, but some areas may have less reliable utilities than the U.S. mainland.
Lifestyle: Known for beautiful beaches, water sports, and outdoor activities. The generally relaxed pace of life is often calledas “island time.” Suppose you’re considering buying property or moving to the USVI. In that case, it’s important to research specific areas, understand the local laws and regulations, and consider factors like healthcare availability and hurricane preparedness.
Here is a comprehensive article about the U.S. Virgin Islands on Gustan Cho Associates:
https://gustancho.com/THE-VIRGIN-ISLANDS/
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Investing in Real Estate in The Virgin Islands
Real estate investors can buy primary homes, second homes, investment homes, or commercial properties in the Virgin Islands and get financing