I also assist foreign investors in obtaining real estate her in the United States.

I will say that while I don't have experience in CT, it seems that the area(New York, Mass) is fairly tenant friendly and would assume CT is as well while FL is more LL friendly.Also I googled and it looks as though CT has a net loss in population between 2000-2010, while FL had a net gain of 17%.I will admit I am probably biased being a FL boy born and raised, but those factors along with no income tax, lower cost of living(which can translate to cheaper repairs), and lower price point for properties would lead me to FL.Now the disclaimer, I have been seeing prices run up the last year due to tons of foreign investors it seems and FL, Vegas, AZ are those areas hit hard by the bubble due to lots of speculation, so I would be cautious of that again because it is completely possible that there could be a mini run going now, however if you buy right and are getting good cash flow I think that that becomes less of a concern since you are focused on say 10 years from now not next year.

I'm a foreigner investing in Atlanta trying to handle everything remotely so I realize I WON'T be getting the best price on rehab quotes I'm merely trying to ensure I'm not paying a ridiculous 50% mark up or anything.

I'm going to be in USA in 2 weeks and I plan on meeting banks to see if I can get these financed.I understand this maybe difficult given1) Theya re held in LLC2) I'm a foreigner with no credit historyAny tips from people in similar situations on how to get these financed?

Ben Kahle while there are some core ratios and formulas always used to determine if a property passes the bar, wouldn't your favourite formula(s) be driven by your objective for the property?

c) Exceptions The term ''personal holding company'' as defined in subsection (a) does not include - (1) a corporation exempt from tax under subchapter F (sec. 501 and following); (2) a bank as defined in section 581, or a domestic building and loan association within the meaning of section 7701(a)(19); (3) a life insurance company; (4) a surety company; (5) a foreign corporation, (6) a lending or finance company if - (A) 60 percent or more of its ordinary gross income (as defined in section 543(b)(1)) is derived directly from the active and regular conduct of a lending or finance business; (B) the personal holding company income for the taxable year (computed without regard to income described in subsection (d)(3) and income derived directly from the active and regular conduct of a lending or finance business, and computed by including as personal holding company income the entire amount of the gross income from rents, royalties, produced film rents, and compensation for use of corporate property by shareholders) is not more than 20 percent of the ordinary gross income; (C) the sum of the deductions which are directly allocable to the active and regular conduct of its lending or finance business equals or exceeds the sum of - (i) 15 percent of so much of the ordinary gross income derived therefrom as does not exceed $500,000, plus (ii) 5 percent of so much of the ordinary gross income derived therefrom as exceeds $500,000; and (D) the loans to a person who is a shareholder in such company during the taxable year by or for whom 10 percent or more in value of its outstanding stock is owned directly or indirectly (including, in the case of an individual, stock owned by members of his family as defined in section 544(a)(2)), outstanding at any time during such year do not exceed $5,000 in principal amount;"End quoteMy first followup question:It's my understanding that I need not be concerned about the impact of the Safe Act and licensing requirements if I'm using just my money to loan to others, and that I have a broker creating the loan documents.

Armed Services or the Foreign Service to suspend this five-year test period for up to 10 years of such duty time.

Presently I have a great deal of time and expertise on my hands and I'm not quite sure what to be doing with it, as I'm in a totally new area and operating in an environment that is fairly foreign to me.

The problem is that the foreign investor more times then none want the cheap homes.Our company, when we work with foreign investors the only way they are buying better or nicer homes is with financing.The other issue with pricing is that most foreign buyers come to companies like ours through affiliates who not only charge the buyer a huge fee to be in their " club " but then also make us pay them usually $5k or 10% of sale price which the only way companies like ours can deliver and still make a buck is to increase the purchase price.

I was wondering if I can create an LLC and do wholesaling on my own as a foreigner.