@Oded Levy There certainly are banks/lenders that will lend to foreign nationals.

The market here is filled with so much cash, from both locals and foreigners from LATAM and other places.

The global financial crisis has hit the native property market quite differently than the holiday home market which dominates the costal regions.If you want proper analysis you need to look at local publications, English language versions will be very Costa-sentric and will provide a pretty narrow view, 50% of the property in Spain is bought and sold by Spaniards but foreigners of various nationalities all profess to be experts in the country as a whole.

My advice is do not buy in margarita island with rental guarantees that is just a marketing tool for overpriced real estate that is marketed and priced just for the foreign market and if a resort is foreign owned it stops the local market renting there.

The topic is complex with possible discussion of fiat money and reserve currency and the role of the Fed and inflation, consumer debt, etc. that could fill a book.

Georgia has ceratin exemptions from required filing for LLCs and one of them is: making loans or creating or acquiring evidences of debt, mortgages, or liens on real or personal property or recording the same (NOLO.com)So, I'm leaning in the direction of not having to register as a foreign LLC.  

I'll make another post detailing my thoughts after I research some more, but if I go that route, for US tax purposes, I would own a CFC whose income would probably be considered Subpart F, in which case I would want to pay myself dividends each year in order to trigger tax on the Canadian side that I could use as a foreign tax credit on my US tax return.

Originally posted by @Alvin Sylvain:If your read that Reuters article carefully you will see that nearly all those industries were foreign owned.

Frankly foreign capital is not needed that much for sponsors these days.I do not work with foreign investors looking to purchase directly unless they are buying a property in the tens of millions.

We have rented to blacks/whites/foreigners and have had ZERO problems.