All Forum Posts by: Saul L.

Agree with @John D. - You may find someone to manage your property- but you defenitly wont find anybody who cares about your property. 

In addition I have been through 3 PM's in Detroit - at the end they were all disasters. If a good PM exists in Detroit- I haven't met him yet.

Reach out to @Brent Maxwell from IPS realty.

 Jonathan, as far as I know if you are generating income in the USA, you are liable for US tax and need to register with the IRS and submit annual returns. Any taxes paid would be offset against your Israeli taxes. I have a US CPA who provides exactly this service in Israel. PM me if you are interested in further details.

@Yaron H., If you intend building your investments in the US- I highly recommend opening a US bank account. As you have already realized doing it any other way is very  expensive and not practical.

Opening a US bank account for a foreigner such as yourself is not as simple as it sounds - but can be done. First of all you need a US entity that would hold your investments in the US. This can be an LLC or other entity and can be established long distance or online. The problem comes with opening the bank account - Only two ways I know of to do this:

1. Travel to the US- walk into a bank with the documentation verifying your US entity and your ID - (also preferably with your PM or someone else who already has a relationship with the particular bank and can vouch for you) and it can be done.

2.I have recently been informed that a US accounting firm- working from Israel can offer this service done long distance- but it can only be done at a bank in Nevada, and at a considerable cost  of $650- (still less than flying over yourself.) PM me if you want details.

 Yonatan, have you tried colonyamericanfinance.com. They specialize in portfolio refinance, although I don't know if they will lend in Detroit or work with foreign investors.

 BTW Ben, I don't think they are boycotting Israel. They opened branches here a while back, and went bankrupt almost immediately. Thier coffee is just terrible. Can't understand why anybody buys it.

@Romar Lagamo- as an out of state of investor focus on one location. You have no idea how difficult it is to build even 1 reliable team of "boots on the ground" to represent you- never mind doing it in 3 different states at the same time.

@Romuald Murzakov sorry for the delayed response.

I have found a lot of differences- to mention a few - the terms that are used,  the structure of the deals and the ease of finding money. For example the whole concept of hard money lenders- appears to be far more developed in the US. 

I am more involved in crowdfunding opportunities at the moment and from my experience the sectors are very differently structured and regulated. Sponsor based equity deals are far harder to find in the UK- whereas they are almost the norm in the US. On the other hand crowdfunding is open to all in the UK- but generally only to accredited investors in the US.  Another major difference is the secondary market generally available in the UK whereas in the US all the CF opportunities I have come across are totally illiquid.

As a new investor it might be worth your while to take a look at some of the local UK crowdfunding sites. They can give you an opportunity to get in on the game with little capital, while spreading risk and learning the ropes.

 I can second Ian's advice above. Realty Shares are a top tier operation and I am very happy with my Investments there, but they are not the only ones worth looking at. One of the great advantages of CF is the ability to easily diversify over platforms, sectors, areas, and methods. (BTW Ian, the link to your website always appears in the footer to your posts, so no need to Google anything.)

Hi @Romuald Murzakov- Welcome.

Dont think there are many UK investors here as this site is naturally focused on the US. (Having said that though -  there is a fortune of knowledge and good people willing to share experience and knowledge over here, that can be applied in any market. )

I invest in the US and UK- and the markets behave differently, and have different ways of doing business- but at the end of the day real estate is real estate.

Best of luck.