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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » Foreigner looking to invest in U.S. real estate

Foreigner looking to invest in U.S. real estate Subscribe to Foreigner looking to invest in U.S. real estate

14 posts by 10 users

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Hei guys,

I´ll try yo make this as short as possible. I´m from Iceland but currently live in Spain. I believe there are a lot of great deals to be found out there right now. I have some cash lying around and my friends do as well. The distance makes it impossible for us to do anything ourselves so we are looking for a partner who has some experience flipping houses.
A person who is able to find the houses, rehab them and sell them, but needs finance. We are not looking for expensive deals, cheap houses who need some rehab and sell them for a small profit.
Hopefully somebody out there is interested.

Look forward to hear from you


Real Estate Consultant · Santa Rosa Beach, FL


Originally posted by Pavel Ermolinski
Hei guys,

I´ll try yo make this as short as possible. I´m from Iceland but currently live in Spain. I believe there are a lot of great deals to be found out there right now. I have some cash lying around and my friends do as well. The distance makes it impossible for us to do anything ourselves so we are looking for a partner who has some experience flipping houses.
A person who is able to find the houses, rehab them and sell them, but needs finance. We are not looking for expensive deals, cheap houses who need some rehab and sell them for a small profit.
Hopefully somebody out there is interested.

Look forward to hear from you


Where are you looking to invest, what state?


Well, I really don´t have a preference. As long as the deal makes sense and the numbers add up I am interested.


Real Estate Investor · Myrtle creek , Oregon


Pavel, use great caution when choosing who to invest with in the U.S. Using a public forum to announce you have cash for deals is like jumping into a pool of sharks while bleeding. You might get eaten alive!!! Jim



Thanks for the advice JIm, I´m veri cautious and not going to jump on anything, but I hope and believe there are some trustworthy people out there.


Real Estate Investor · Hoboken, New Jersey


You are a foreigner with lots of money???!! Call me..I have the deal of the century. Just kidding. Real estate as an industry unfortunately has a big black eye at the moment and realtors are now looked upon as used car salesman. It is important with the turn around in the market to re-establish confidence and trust.

If you are looking for great deals in the U.S, plan carefully and have a strategy. Buying multi-family and minor rehabbing has worked recently for me. Flipping is very hard right now due to just a simple lack of buyers or qualified applicants.

Good Luck


Real Estate Broker · Indianapolis, Indiana


Pavel,

Would your group be interested in Commercial deals? What kind of return were you looking for from flipping houses?

PM or email I have the houses you are looking for, it's pretty safe since the homes are pre-sold.

Stacy


Real Estate Investor · Honolulu, Hawaii


Hi Pavel,

We seem to always attract foreign investors to our condo market.

I may have some attractive deals here. PM me, and lets talk.


Real Estate Investor · Rye, NY


I run a commercial brokerage company out of NYC. However, I reside in Newport RI (The City by the Sea). We are a very popular and heavily traveled tourist city with many summer homes, but also a large number of permanent residents such as myself.

As a rehabber myself, I have numerous opportunities to pick up short sales, bank properties and distressed opportunities for wholesaling and relatively quick flips. I am seeking an investment partner for such opportunities. 2008 was a pretty rough year for the brokerage end of things, but with this new environment there is money to make.

I typically focus on the single family to smaller multi-family as well as commercial properties that can be master leased with an option to buy.

I would love the opportunity to speak with you further. I have a private address residence in the Canary Islands by the way.

Michael


Real Estate Investor · milwaukee, Wisconsin


Pavel,

The us is a great market for investing at this time! what do you have in mind for returns and how long can you invest for? There are many options to choose from . If you want to takl see my profil

MIchael Roush


Real Estate Consultant · Centennial, Colorado


Great investor market here in Denver, Colorado. Ranked by Realty Times as one of the safest markets right now. (Jan 23. 2009) I have a team in place to help you do what you're looking to do. Email me at
marcus.lee71@yahoo.com so you can give me more detail about what you want to do. The good properties are typically below 100K but there are some good flips below 250K.


Real Estate Investor · Myrtle creek , Oregon


Pavel, since we can no longer send PM's to non colleagues I sent you a colleague request which has not been accepted. I would like to chat with you. Jim


Real Estate Consultant · Kihei, Hawaii


Hi Pavel, Do you or your Partners have any experience with international investing? It is very important to be aware of the US income and capital gains tax laws for foreign investors. Before doing anything, I recommend talking to an US accountant or tax attorney that has extensive experience in working with international investors, ask about types of tenancy and partnerships, these can affect how affect how much or little you will be required to pay. One or two mistakes can cost your profits. If you need help in located one please feel free to contact me [REMOVED] . See link below for some tax info to get you started.
I am a Realtor in Hawaii and our team specializes in working with international real estate investors. Although we are attracting many investors, our market is not a flip kind of market, it is more of a buy and hold with some great rental opportunities. Copy and paste the following for more US tax information for international.
http://www.irs.ustreas.gov/businesses/article/0,,id=184187,00.html
Here is a brief explanation about types of tenancy (I do not endorse this company, just the information they provide)
Be well and Happy hunting,
Deanna


Real Estate Consultant · Kihei, Hawaii


Sorry I forgot to paste the link for tenancy info. Here you go, http://www.octitle.com/title.asp


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