Used to be New York and CA were the targets, but maybe there are more opportunities for foreign investors.I convince you the house is worth $25K and will rent easily for $500 a month.

Sounds good @Brad Norman -- it's tougher for foreign nationals, but definitely not impossible.

OFAC is Office of Foreign Assets Control (think bad countries).

Texas has no transfer taxes so that is not an issue I do believe you will have to register as a foreign entity with the Texas Secretary of StateI would consider forming a Texas LLC as the cost is $400-500.

I know one issue is every thing these days is so last minute and the East coast closings attorneys are making changes to the HUDs during the closings  its quite foreign to how we do things. 

For ex- I'm leasing up a retail property I'm developing now. 

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

You create the entity in whatever state you want, you have to register a foreign entity in the state where you transact business.  

There is huge institutional and foreign money looking for investments. 

Yet.I set a goal to leverage some cash to soon start investing and move to Orlando in the future.Now I'm based in Auckland, New Zealand but I'm Brazilian.I'm here to ask for some tips, and recomendations for a new foreign investor.