Foreign investors buying multi family investments

[Vince Madden]

Hey guys, we're from Australia and are looking to get into the US property market. The research we've done so far has suggested that we'll find it difficult to get finance in the US because we're Australian residents. However if we start up a LLC and perhaps buy a couple of cheap properties free and clear to put in our LLC we'll begin to strengthen the LLC and put it into a position to borrow. I have recently spoke to someone that has told me if we look at multi family building around the 1 million mark and we put down a 20-30% deposit on it then we'll have a far better chance of finance as the bank will be more interested in the performance of the building rather than focusing our individual details. If anyone has any advise it would be much appreciated