Any UK investors looking or investing in the US?

Question

Just checking in. I have been active in both markets for 10 or more year. If you want to discuss what it is like lets get a discussion going or trade email.

John Corey

Sherri Gaines · Answer

Many of our properties are on the water, have instant equity and make perfect vacation homes, corporate retreats or second homes. Check out our website sometime.

Our network also has private funding sources and currency exchange set-ups that make investing in the US easy and fun.

Let me know how I can assist you and John... I sent you an email so please watch for it. :D

Frank White · Answer

my company Guterman Partners (www.gutermanpartners.com) works with foreign national investors on or condominium/ pre construction projects nationwide.  If anyone has any questions please feel free to ask..

it's a great time to get into the U.S. market.  as values continue to fall a 40% discount on todays prices = an 80% discount as the market turns.

you guys have a great advantage

Ben Carmona · Answer

Hi Robin! :D

Robin Ferrier · Answer

Hi John, Like Gypsy  I am interested in investing in the US however with little or no exposure to US real estate I am finding it just a bit frustrating. I know what I want, just not sure about  how to get it. I'm not overburdened with cash so trying to make what I've got go as far as possible.

If I may I'd like to pick your brains a bit. there will be no rocket science, I suspect more like 'how do I place an offer?' Hope you don't mind if I email you sometime soon.

Many thanks.

Robin

Frank White · Answer

"If your want someone in for the long term you need to think of a difference relationship. More of a partner or even a property manager that is paid when a unit is rented. "

Great point John...

Account Closed · Answer

I will keep an eye out for an email.

1. You will want a US tax ID for yourself and later you will want one for any company you start. Building credit is all about having creditors report against the tax ID. That an paying the bills on time.

2. HSBC is a fine bank. I know other UK folks who use them in the US.

Think about it for a minute. Birddogs and wholesalers make their money up front. You get a deal and they cut and run.

If your want someone in for the long term you need to think of a difference relationship. More of a partner or even a property manager that is paid when a unit is rented.

On the remote management being easier with certain type properties.

Apartment buildings that are large enough to have an onsite manager can make sense. Or having a portfolio of properties in one area means you can get a deal with a local property manager and likely build a preferred vendor list for builders (contractors being the US term).

I know of no UK clubs that focus on the US. I know individuals who invest in the US.

I can make more specific suggestions once I know more about the type of deals you are considering. Send me that email and we can pick it up from there.

John Corey

G C · Answer

Hi John

Many thanks for the great reply!

I'll drop you an email for the contacts.

I'll need to check my credit score to see whether any of my Canadian history is accessed by the U.S. credit bureaus.  I have already talked to HSBC about setting-up a U.S. bank account and it seems to be pretty simple.

You made mention of properties that are easier to manage remotely - would you mind elaborating?  Also, on entering into win-win arrangements have you seen any agreements that will stagger commission payments over time so that bird-dogs and wholesalers have a vested interested in not selling on a dud or making a fast buck.

On scale I would be keen to meet like-minded investors who have 1) either already built sufficient scale and would like to levergae their team or 2) need to partner up to achieve scale.  Are you aware on any U.K. based REI clubs focused on the U.S.?

Gypsy