Hi BP,Was wondering what the set up and implications are regarding Foreign Investor buying RE within the US. 

AirBnb is good in near-to-center areas, I wouldn't suggest buying in the very center for the high prices in Prague 1.Financing is nowadays more tough, what is interesting is product from one of local banks which lends to new SPVs (can be owned by foreigner) with 3,99%, duration 25 years and 70% LTV.

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

If you are buying out of state, you can create an out of state LLC and register it as foreign in CA or you can create a CA LLC and register it as foreign in the state where the property is located. 

Thus most cost affective way for CA residents is actually set up LLC in CA and register LLC in another state (where your property is) as foreign entity. 

You need to consider US tax implications as a foreign investor and align yourself with a CPA / tax advisor who can assist with tax filings and ongoing tax planning.

Once I start making some deals I will file in my state of MA.You will still likely have to register the LLC as a foreign LLC within your home state.

And I can prove it is different.When you get a promotion discount mailer from Nike... at most you will be annoyed and throw the mailer away... but when motivated sellers get mailers from you little mortal investors, they get furious call you up swear at you, tell you to "go back to your F&%#@@ country you thirdworld foreigner looser".

We have many folks from all over the US & from foreign countries invest in MO.

Their reasoning was that NYC was the only city in the US that foreign investment was a huge factor in its success.