I am interested in investing in California real estate. As a foreign national, what can I do to make the process as smooth as possible?
The first thing you should do is contact a California-approved mortgage professional to get pre-approved for a foreign national mortgage loan. Most real estate agents will not show you properties until you have provided a pre-approval letter. The pre-approval will tell you your price range, and how much money you will need to deposit in a U.S. bank in order to meet reserve requirements.