Transactional Funding for a Foreign Investor, HELP.

[Tom Wade]

Hello everone. I am new to real estate and am curious to know if i can recieve transactional funding while living in the u.k?

My goal is to buy some foreclosures of the banks, the thing is, i need the cash and the proof of funds to do this. I have had a browse over the web but i can't find anywhere that can supply a foreign investor a short term loan such as Transactional funding.

I would be making deals virtually and closing the deals over the internet with my ( c ) Buyer.

I would really apreciate some advice here guys.. what steps i need to take to get this ball rolling. I would apreciate some advice on how i can contact realtors in the u.s that are familiar with doing deals with foreign investors.

One more question. Is hard money lending possible for me in this scenario?

Thank you for your help. :D

[Eric M.]

Well, as long as your entity is formed in the US I don't see a problem.
But when you say you will be closing the deals over the internet, I am not sure what you are saying. If you mean, negotiating over the internet, fine, but the "closings" must take place with a title company or attorney handling it.
I really think this is going to be a difficult strategy. 1 day transactional is really only happening with REO's fliipped to all cash buyers....and most all cash buyers are smart enough to buy their own REO's direct.
But good luck.