foreign investors

[Shequann Burrwell]

Recently I have had a few foreign investors contact me on linkedin interested in some of my bigger deals I have with other wholesalers. not thats all fine and dandy but my issue is that i cant contact them since there phone numbers are local to their home country. i have also noticed that emails are rather slow with them. how should I move forward to get these deals done? Also do any diffrent contracts need to be drawn up to accommodate the investor being out of the country.And lastly how should funds be transferred bank wire, mail a check etc?

[Joel Owens]

You can usually tell scams from legitimate people.

My questions become:

1. Are they who they say they are??

2. If they are who they say do they own and control the funds to purchase??

If you have concerns get away from the call and e-mail and onto Skype. Look them in the eyes and if they are looking away when asking questions etc. then you have issues. If not Skype if they have a newer phone you can video chat right from the cell phone.

After you do this for awhile you cut through the bull. After qualifying them I usually converse through e-mail. I have had no problem getting back fast e-mail responses from overseas accounts.