will tell you holding real estate in a corporation will result in higher taxes (for a U.S.A. resident), that may not be the case for a foreign investor.

Other concerns are Patriot Act and other laws relevant to accepting foreign funds.  

I though I read somewhere that the land couldn't be "bought" buy foreigners but only a 99 year lease.

Candidly, I only work CA because I know the state and have become very familiar with many of the laws that apply to the situations I like to work.If you're an active investor from a foreign land, I solute you for taking action when others miss opportuntunities in their own backyards here.

Nolo Press is a good resource on legal info for businesses. 2) Often Yes, if you own property in an LLC in MD you will have to either own the property in a MD LLC or you need to register your LLC form another state as a a "Foreign"  entity. this is common in many states.3) On your first one I would definitely recommend working with an attorney that deals in Real estate and real estate investors.

I am a foreign investor that bought a couple of lots in Los Angeles tax sale in a structure that was meant for development and long term hold.

The amount of foreign money flowing into these markets and the fact that builders only see a  profit motive in luxury units is eventually going to bite the construction industry pretty hard.As David Gudmundsen pointed out in a  recent episode of the podcast, rent-value ratios are a pretty steady guide to the foolishness of the market.

A CMBS conduit lender may be an option and foreign nationals are allowed larger ownership position than through the SBA.

@David Light Being a foreign national a few limitations come into the picture.

IE they have probably been turned down by local HML.. or they want something that is really to good to be true and really don't understand that.There are NO lenders that are going to lend at under HML rates unless its a absolutely full doc loan with a US underwriter or they are personally known to you.. pretty much end of story on that one.. and folks think that people from out of country lend money in the US and that is just not the case there are no foreign lenders in the US that are set up.. save a HSBC or some other large institution.