:Llewelyn,  I sold an apartment building about 3 years ago, did a 1031 exchange, invested in NC but still own in Crown Heights Brooklyn as well.

Tell him that you will trade him the keys in exchange for an introduction to the world of portfolio (and commercial) lenders.

Just curious if I’d still need to pay that 10% foreign tax witholding on the sale of a US property if I’m a citizen.

If their QE is successful in kick-starting their economy, though, a recovery in the exchange rate should dampen the carry.5 - "I can't predict growth.

Financing isn't your problem here but rather competition in the form of cash, foreign money eager to get into the US and developers who can muscle you out (here the financing does come into play as a developer is a safer bet and a long term return client).If you focus closer in to the city go for the best property possible.

As luck would have it, I could really use some help with marketing  - so maybe we could get together sometime to exchange some ideas after I get boots on the ground in Greenville - sometime in April.

The 1031 exchange guy is telling me that we need to devy the shares by tenant in common ownership.  

Foreign National Real Estate Purchases: For foreigners looking to buy real estate in the U.S., even with large down payments, it is difficult for them to obtain a bank loan.

I have not invested in property in any foreign country. 

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