SO if your Nevada LLC does biz in Illinois your Nevada LLC will have to register as a foreign entity (foreign as in not in IL).

I have read that a strategy is to go through the short sale/loss mit dept. and then leverage into my pitch on buying the note, but I've already called loss mit and it's like speaking a foreign language.

As a foreign investor you have to time your exchange rates for maximum benefit as well.

I don’t know whether David covers any legal/tax aspects for foreign investors in the US.

Or are you all having to create a Foreign LLC in your state in order to open business account for LLC not located in your state?

All of them refused to work with an entity which has as principal only foreign company.

I initially plan to use foreign national mortgages (I think I can get 70% LTV), plus some cash and hopefully also some carry-back financing, for the first purchases in 2008.

I'm looking for your experiences on investing in tax liens/deeds -- it's not a concept we have in the UK and from my research, the jury's out as to whether they're a good thing for the passive, foreign investor.

A lot of foreigners retire there and might want to buy a home.

Is it possible to just buy something there as a foreigner?