Posted by Joseph Zimny on July 11, 2003 at 01:44:46:
I live and work in Shanghai, China and have faced some of the same issues. Luckily, we were able to invest in the U.S. rather easily. First, I worked to establish contact with several hard money lenders who were made to understand my position. We reached agreement on the assets I pledged as additional collateral against the additional risk associated with my residency situation and off I went.
Using several of the techniques highlighted on this web site, I was able to source several properties after a bit of time. Eventually, on a trip back to the U.S., I met with several buyers, lined up the funding and closed the deals in very short order.
The key for me and I think for you is to identify a location, prepare contacts in that location and then plan to travel there to investigate a deal or two.
Although some additional cost will occur as a result of your residency status, you will still be able to find sellers receptive to creative techniques, which will make your effort worth it over time.
I’ll be glad to help where I can. Our contacts are mainly in California. Feel free to e-mail me directly. email@example.com
best regards, Joe Zimny