To trust or not to trust

[Ronald Cvetkovic]

Recently I started topic regarding foreign investing in USA. Posting questions about tax, forming LLC etc...

I am learning every day as much as I can, and have a big question (for me it is big).

Do you have any advice on how can I be sure that someone will do the right thing with my money if I invest in RE business?

For example if me and someone else from USA invest 15-20K each in buying and maybe flipping house, is there some tool or some legal assurance where I can be sure that my 15k is safe invested?

Or other example... investing in buy & hold property, where I am paying for property and must have someone to buy it, manage it etc.

As one of my friend said: "These days you can pretty much wipe your a** with a contract as they mean nothing."

I am asking because for me it will be almost impossible to get financing in USA, so if I buy, it will almost certain be cash buy.

Hope you understand that I am little scared to give someone money "just like that" to invest in real estate.

So real question is... are there any real "tools" that can assure money protection or is it all based on trust?

Hopefully there are readers that once had same issues and solve it somehow.

Thanks for reading/replying.

Have a nice day.

-Roni

[Brant Richardson]

Not to trust. There's no way I would invest in Croatia unless I had somebody there that I absolutely trusted. Contracts mean a lot but there are so many ways to rip a person off that a contract couldn't cover. It scares me to invest just a few states away much less another country. I have people I trust now but getting started was scary, I felt very vulnerable.