Hello Fellow BP'ers and especially Detroiters,I am an architect and an RE investor from Israel.Although I have been involved in the building industry for around 20 years, (mainly as an architect but also with RE inves...

Foreign Investors who use real estate agents as property management and then try to relinquish real estate agents responsibility when they fail to ignore the laws.

For those of you who invest abroad using OPM.... how easy/hard was it to find people willing to invest in foreign real estate?

So this removes many of the would be REO's.I don't know how these investors are making any money on these deals by purchasing at levels above 80% of value, but one of my guesses is that there is a lot of foreign money coming in on speculation for So CAL properties.

In 2009 Europe were not in crisis yet and Euro was Stronger ($1.48 per Euro).Despite the fact my US property did not match the 2% rule I consider it a good choice because in this time the Europe/Italy future is uncertain and It is good to have an asset in Foreign country.Furthermore it is good way to learn how to manage a business remotely.

If the answer is yes to both, then you can likely get conventional Fannie/Freddie financing.If the answer is no to both or either, then your only option is Foreign National loan.

i guess a s a foreigner/llc owner first time buyer financing is challenge :)

I work with a lot of investors foreign and domestic.

Foreign income counts......Provided you did your patriotic duty and paid American taxes on it.Normal continuity of income rules apply. 

I've spent a little time looking into it today and I think it would be best for me to leave that as a backup plan if simpler options don't work out.I think the main concern that the lenders I've spoken to so far have is the ability to repay because they are not able to take foreign income into account.