HighIncomeProperty replied to the topic Financing for investment properties non-US foreign investor. in the forum Simon,
As a Canadian, you 13 years, 9 months agoSimon,
As a Canadian, you might have a better chance than other non-resident investors, although I am not sure that buying thru the business is going to make it easier. Assuming you want to borrow 90% based on the value on the property and with no recourse to any other assets held by the LLC, you might have a hard time. We have tried to assist…[Read more]HighIncomeProperty replied to the topic opening a US bank account in the forum Overseas Deals 13 years, 9 months ago
In my experience, it is an advantage to open the LLC in the state which you intend to invest in.
Sometimes the banks aren’t going to let you open an account with them unless you’re domiciled in that state (a Nevada LLC can’t open an account in New York, unless the LLC is either based “domestically”, or registers with the state, at a cost)…[Read more]
HighIncomeProperty replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 13 years, 9 months ago
I have been reading the posts on this board for quite a while, although haven’t yet found the time to sit down and respond.
First of all, I am American myself, although have been outside the country for the last few years myself, and I am a professional real estate investor myself.
I can only agree with British Buyer – no matter what the banks…[Read more]