May I own investment property in the U.S. without having a green card.


Yes. There is no status requirement to hold title to real estate in the U.S. and its territories.


If I buy a beach front villa in Hawaii do I qualify for a green card? 


As a rule, no. Purchasing a single real estate holding is considered passive investment and is not a valid basis to receive an investor's visa or green card. That said, if properly structured real estate investments may be used to secure immigration status.  


Is the EB-5 Immigrant Investor 'Regional Center' Program an easy path to a green card? 


Yes and no. Under the EB-5 visa program a $500,000 investment in a 'regional center' enables foreign investors to qualify for a green card without having to set up and manage a business in the United States. This option allows investors to live in any U.S. state and engage in business activities, employment, or simply enjoy retirement. There are, however, caveats and traps for the unwary, so buyer beware.