@Dawn Anastasi   as a foreigner he will not be able to get regular bank financing on non owner occ .. 35 to 50% down at 8 to 10% interest with points and closing cost adding another 10% to the cost of funds up front ....

I am in fact start considering parter in a foreigner who was intentions to invest overseas.

I will report on the exact name for our website we've chosen next week.Based on our research, our friends across the northern border - Canadians, are the largest foreign group of buyers of U.S. real estate.

The lawyer will tell you, you need to have an LLC in the state you're operating in or register the WY as a foreign one.

Jon never paid any money to me as a contractor or towards the rehab....not a dime though it's been stated differently here.With Avon, as with Jay's deal, we planned on renovating, renting and selling it off to a foreign buyer.  

It's been quite a ride and none of it would have been possible without BiggerPockets and the people they've allowed me to connect with.I'm now working on a book about investing for foreigners.

All of them base the loan on a decent credit score and the cash-flow of the Rental to cover the mortgage,  As these are hedge funds or commercial lenders they price well UNDER hard money and will do loans for a LLC or a Foreign national.Expect rates between 6% - 7.5% LTV's between 60-80%  ( Score driven) DSCR expectations of 1.20X -  1.30X30 year Amortization with 5 or 7 year AdjustPrepays 3-5 years Declining or Yield maintenance.Velocity used to also do Office and Warehouse and Multifamily under similar terms....Retail LTV 's are lower for most of these as Retail is a loosing proposition.Email me for specifics... 

It's a registration of a foreign entity here in CA Which then requires you to pretty much file every document you would have if you opened it up in CA!

A bit risky, but a lot of foreign money is sitting in that market right now with that anticipation! 

Like I said, there are many other variables...in San Jose they include strong job growth and population growth (Tech capital of the world) and strong demand from foreign buyers (China).