If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.

I help my tenants all the time with things unrelated to the home (lots of them are foreign and need help with english). 

Hello Aileen,You're right, closing costs for foreign investors are higher in this area of Quintana Roo Mexico (Playa del Carmen, Tulum, Cancun, Akumal, etc) compared to the US.

I think because we're in the Disney area we get a lot of foreigners that aren't comfortable with opened anything.

However, this is my first real estate project ever, it's totally self-funded and it takes part in a foreign country, so obviously it's daunting and exciting at the same time.

However, I do manage for foreign investors and I (the PM) file all of their state and local taxes for them. 

But to me since I’m going abroad next year to discover it card seems a little better because of 0% foreign transaction fee.

The name of the LLC is not available in FL so I cant get a foreign entity with the same name.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

Hi Everyone, I was under contract for a property but I didn't qualify for financing because the lender that provided the preapproval changed its financing source while I was looking for properties for a couple of weeks and as of now, they do not provide loans for foreign nationals anymore.