It seems like a bunch of foreign investors have been using NY real estate as a way to park their money while the other foreign economies all struggle.At some point, the music is going to stop with that for one reason or another.

LOL.As opposed to the locals in a town buying all their rentals..the locals know the ins and outs the risk reward of certain neighborhoods and won't touch them for buy and hold. its the unaware naïve investor that gets sucked into those.. the foreign investors especially. the UT most care must be taken with buying out of state properties....

With the hot tech sector, insatiable foreign demand for RE, and the "never-ending" flow of capital into the best place on the world to live, it can go way further!

I used to work with foreign buyers.

I'm trying to check a financing conditions for foreign but I heard that I have to have at least two years of tax returns. 

Scott-LOL - very good, however, we are working with individuals seeking to utilize bitcoin, the volatility is a metric to consider, but Bitcoins can be converted to regular currency, though various controlled means.  

In the meantime: Most of my money I invest is from foreign private money.

Think blocks of Detroit that have gone to seed. 4. exit can be next to impossible these assets only trade usually between other locals who know the values and the risks or they trade to unsuspecting foreigners or out of state folks who have no clue until they own it and get a big lesson.If you live them work them and make it your life mission they can work but its a skill set and a life choice.. many I know in the asset class and I know many... they get pretty jaded after a few years.. but this what they do for a living.. they live on the cash flow..

Are you a foreign national or US citizen currently purchasing a property in the USA?

The LLC in NJ is Registered but the lawyer that helped with the deal is saying i have to registered the foreign LLC too in NJ.