Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
Spoke to Chad earlier this morning after i got back from the UK.
He is doing his own deals rather than offering them to investors and is doing very very well.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
Yes Nigel seems Weston still out there helping……trouble is helping himself and no one else.
I also love the fact that they claim to have god guiding them. If what the article says is true and the information is nothing new then they should rot. They do deserve to be dealt with fairly however and we should see the evidence of what has happened. Not all the people mentioned may be guilty. This proves again that you should always do your own resaerch before parting with your money.
We should encourage others who have delt with these people to come forward.
Any web sites that can help research this topic…
http://www.Realtor.com is a good standard site for looking at prices and areas and at least geeting an idea of what you want for your money. It depends on what areas you are interested in.
Thanks Nigel, will take a look
To buy property in the States, i assume a new company has to be set up there?
Just got back from the States, plan to go back after doing a bit of homework and asking all the stupid questions here!
The only stupid question is the one you do not ask.
Yes you do need to set up a company and arrange finance. I am looking at Indianapolis next, have some good contacts their. Also have a few good ones in San Antonio. Do your research very carefully and do not buy anything you cannot see. Whats parts of the states are you interested in?
Where are you based?
Nk have you got an email address?jadMember@jadJoin Date: 2006Post Count: 10Don NicolussiParticipant@donJoin Date: 2005Post Count: 1,086
Just read that jenman article – my gosh did anyone know the extent of how wrong the whole thing was.
Onselling at 5 times the purchase price. Can anyone really defend that.
why is it so important to set up a company to invest as foreigner in the US?
At company in the United States will protect your interests far more than as an individual. It is important that you seek independant advise from a good US solicitor or accountant.Luke TaylorParticipant@world-changerJoin Date: 2005Post Count: 415
after investing in the US for a while now i have a different opinion for you.
Investing in the states is not easy ,especially being so far away!
There are issues of the exchange rate(can go up or down anytime risking losses ,) getting good trustworthy people to look after yr properties,getting integral trademen etc etc etc.
So there are alot of pitfalls,
if your totally keen and want to give it a go over there ,I would recommend you first buy something in yr own name and just get a good public liability policy (an extra 1k ish per year to the normal 100k limit policys they give you on a single family)and give it 12 months before you go any further.
This way you have lower yr risks if its not for you and y'll get a better idea of actually what its like trying to run things from another country. Also yll get finance alot easier too.
Then ,if its for you and yr happy to go further ,set up an LLC or the like and transfer the property into the LLC.This costs about $700 to set up and about $200 to transfer the property into it.
all the best