All Topics / Overseas Deals / Investing in Texas US of A

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  • Profile photo of RastussRastuss
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    @rastuss
    Join Date: 2004
    Post Count: 12

    I’m putting out the feelers to see if any investors would be interested in a Joint Venture to buy,rehab and flip/hold deals in Texas.
    You may have a interest in buying but would like to lower your risk or just be cash strapped and can’t afford it on your own.
    I’ve spoken with a gentleman involved with the TX, NY markets as a seasoned investor and he has shown an interest to be involved.

    As a rough plan it would consist of 4 or 5 party’s setting up a group entity in witch we deposit say $15-20000 dollars each and buy/rehab/sell or hold under this entity.
    It would be set up legally with maybe 1 party appointed to seek the legals and associated book/account keeping which this person/people are paid a fee for there time and expenses by the other parties.
    The buying will be under all parties names where financing maybe needed or under the group entity name if buying with cash.
    Fees and chargers e.g rehab costs are paid buy the group entity sales fees are covered by the entity etc etc.

    OK that as i said is a rough and lacking idea, but as i said I’m putting out the feelers to see if there maybe any interest from other investors.
    All comments, ideas, interest is welcome.[biggrin]

    Regards Mark Roycroft

    0438352824

    Profile photo of Nigel KibelNigel Kibel
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    Hi Mark

    I am currently involved in establishing a property investment group in San Antonio. I may be able to offer some advice. We are setting up so that we can assist investors to buy the right property. 

    Nigel Kibel | Property Know How
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    Profile photo of Chief BandogChief Bandog
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    Rastuss
    Have you had any interested parties? and if so how far down the track are you with your ideas and plans?
    I am just now looking at investing in the US and from what i can see the opportunities to make a nice profit are more lucrative than what is currently available here down under.

    Profile photo of pipelinebuilderpipelinebuilder
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    Hi Mark

    I would be interested, have you progressed this any further?

    Profile photo of Faulty by natureFaulty by nature
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    @faulty-by-nature
    Join Date: 2007
    Post Count: 36

    hi there,

    for your legals under a JV , i was told about  pod property, and it seems to be a pretty good set up when it comes to JV contracts, they will try and sell you there loans and other services but they may be just what your looking for. i think they work on a house by house bases.

    just google pod property and you'll find them

    Profile photo of Luke TaylorLuke Taylor
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    @world-changer
    Join Date: 2005
    Post Count: 415

    Hi guys,
    How did you go with the JV ?

    San An is really pumpin, even through the sub prime issues,.Alot of very good deals are coming up now as alot of people have been scared off.
    are you still in town Nigel.
    I am here for 3 weeks at the moment,reno ing some houses to try and move,
    give me a call if yr free.

    Luke

    Luke Taylor | Hope Property Investing
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    Profile photo of Nigel KibelNigel Kibel
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    Hi Luke

    I am currently back in Australia, but I am told by many that ther market is strong in San Antionio. There is no doubt that there will be some great buying opportunities in the United States over the next year or so.

    Nigel Kibel | Property Know How
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    Profile photo of PursefattenerPursefattener
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    Hi Nigel

    What has happened to Weston ?

    Is he still active in the market over there ?
     
    I used to enjoy his contributions to the forum .

    Shawn

    Profile photo of millionsmillions
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    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
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    Perhaps Western is over there looking after all his happy customers.

    When you sell slums it works out well.

    Nigel Kibel | Property Know How
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    Profile photo of Hux001Hux001
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    Your a real jerk Kibel. 

    Westan is very active in Texas and has more integrity in his little finger than you have in your entire body !

    Profile photo of Nigel KibelNigel Kibel
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    Thanks for your comments Hux but people who hide behind a fake name mean nothing to me nor do you no anything about me.

    Nigel Kibel | Property Know How
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    Profile photo of Nigel KibelNigel Kibel
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    Just for the record

    I spent much of last year in Texas. I brought property for myself however I did not buy for anyone in the early stages until I fully understood the market. I do not use other peoples money to research the market I use my own.

    Nigel Kibel | Property Know How
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    Profile photo of PursefattenerPursefattener
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    Well said Hux .

    Nigel or whoever you are , you didn't need to write that . When I first joined the forum years ago Weston was very active and helped a lot of people .

    Why should anyone do business through you if you are prepared to ………….forget it .

    A waste of time .

    Profile photo of Cory RobertsonCory Robertson
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    Hi Guy's.

    Has anybody heard what Chad Simmons is doing these days?

    Regards,

    Cory.

    Profile photo of Luke TaylorLuke Taylor
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    Hi Corey,

    hope yr well man !

    I spoke to Chad recently ,he is doing well .He has been really good to me actually helping me out with some great connections in San Antonio .

    I hope you and yr wifey have had success with yr property since sorting things out over there man.

    kind regards

    Luke 

    Luke Taylor | Hope Property Investing
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    Profile photo of flycoflyco
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    @flyco
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    See now are very good, I think we should be very happy, at least in San Antonio is the case.
    dvd to ipod nano
    convert dvd to ipod 
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    Profile photo of Nigel KibelNigel Kibel
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    Once again purfatter or whatever your name is since I do not know who you are I dio not care for your views.

    What I would like is for people here to share both good and bad stories about the USA and who put them their.

    Nigel Kibel | Property Know How
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    Profile photo of Cory RobertsonCory Robertson
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    Hi Luke,

    I have just about to get all of problems sorted out. You know what I am taking about.

    Have had a MAJOR loss over in Texas due to the poor rehab.

    I was wondering if Chad is still in this "game" or if he got out after the problems that we had.

    Thanks for your time Luke.

    Take it easy.

    Regards,

    Cory.

    Profile photo of macocammacocam
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    @macocam
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    I'm looking to buy some property in Texas. I just talked to an investor who did that last year. He said he formed a company over there to be safe of any form of being sued. Is it essential to do that? Could I buy a property over there and use the LAC I have here in New Zealand? What is the best solution?
    Cheers
    Martin

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