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

Viewing 17 posts - 21 through 37 (of 37 total)
  • Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    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 Taylor | Mortgage Broker helping investors build their wealth thru property
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Nigel KibelNigel Kibel
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    If you read the latest article on the Jenman site that has plently to say about Westen

    Nigel Kibel | Property Know How
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    Profile photo of Richard TaylorRichard Taylor
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    Yes Nigel seems Weston still out there helping……trouble is helping himself and no one else.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Nigel KibelNigel Kibel
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    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.

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    Profile photo of Destinys ChildDestinys Child
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    Any web sites that can help research this topic…

    Profile photo of Nigel KibelNigel Kibel
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    Hi

    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.

    Nigel Kibel | Property Know How
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    Profile photo of Destinys ChildDestinys Child
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    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!

    DC

    Profile photo of Nigel KibelNigel Kibel
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    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?

    Nigel

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    Profile photo of Destinys ChildDestinys Child
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    Nk have you got an email address?

    Profile photo of jadjad
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    http://www.jenman.org

    I think more people have positve things to say bout westan than about jenman

    Profile photo of Don NicolussiDon Nicolussi
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    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.

    Don Nicolussi | Mortgage Broker - Home Loan Warehouse
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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of Nigel KibelNigel Kibel
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    The other issue Don is that you charge people a fee to represent their interests and then leave them without the support. 

    Nigel Kibel | Property Know How
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    Profile photo of macocammacocam
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    Nigel,
    why is it so important to set up a company to invest as foreigner in the US?
    Cheers
    Martin

    Profile photo of Nigel KibelNigel Kibel
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    Martin

    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.

    Nigel Kibel | Property Know How
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    Profile photo of macocammacocam
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    Profile photo of Luke TaylorLuke Taylor
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    Hi Mocacam,
    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,
    But,
     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
    kind regards
    luke

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    Profile photo of macocammacocam
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    Thanks for the advise, World Changer. I think thats what I am exactly going to do. I will be over there middle of March.
    Cheers
    Martin

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