How To Vet An Overseas Investor

[Michael Williams]

I've A created Gmail Account, Facebook page, YouTune Channel, Twitter Account, and other social media Portal for my new real estate business. The goal is to be the boots on the ground for investors that are interested in getting into the Memphis Market.  I had what seems to be a great opportunity for me and my new business.  A guy called me about a house I posted on Craigslist and informed me that he is an out of country investor that is interested in having someone in the States to be his boots on the ground and he pays cash. My question is; what is a good way to vet this guy to make sure he is what he says he is? How do some of you deal with overseas investors? 

[Dean Letfus]

Overseas investors, depending on the country, are far more reliable than US investors. I have dealt with hundreds and hundreds of overseas investors, never been ripped off or scammed or time wasted ever. US Investors are so difficult/changeable/demanding/unreliable to deal with I generally don't do it at all!. So providing they are from a 1st world nation and not places like Uganda or Nigeria etc., you are likely to be completely fine.  Just make sure you don't expose yourself financially. My clients always send EM in advance, this is a very simple way to get rid of time wasters. If they are serious enough to send you 5K while you source them a deal, they won't go away till they have purchased.