I'm a foreigner investor  so the developer  suggest that i will open LLC  and will give a loan to his LLC  ( which will hold the asset) and i will get a mortgage note , and for the capital gain allocation i will have another clause in the operating agreement.What do think isn't it too risky , any better idea?

If you're a newbie and starting your investing career off buying in potentially foreign areas you'll want to be extra careful.

I have foreign investor capital lined up to buy vacant lots and build new roughly 1,750 sqft homes in the Greater Seattle Area, including Tacoma and Everett, and am looking for feedback as to whether or not my assumptions are correct.

Especially foreign investors are willing to take nearly negative returns just for perceived safety.

No benefit for you because you would need to foreign qualify the business in MA anyway.

As a foreigner, am I able to obtain an ITIN without an LLC?

You will never get an argument from me on the difference between respect of authority in Japan compared to our current situation in the United States.I have no problem with the current investment atmosphere but if we continue to suffer many of the same foreign problems and increase those problems with reduction of tax write off or exceedingly high values of homes, I don't see it getting fixed.Rich

@Duke GiordanoA lot of foreign money is coming into the U.S. real estate market right now because of the global economic slowdown.

Being that this is so foreign to me, it is very possible I'm just psyching myself out and actually know more than I think. 

If you create in AL and then purchase in KY then you will probably need to register as a foreign business to do business in KY.