All Forum Posts by: Ronald Cvetkovic

I like look of new site. It is not only nicer, more important is that is more user friendly!

I am using firefox and for now all goes smoothly :)

One question, where I can change my name? I cant find that option anywhere.

Accidentally when I was creating account i mistype letter C at the end of my name, now it is Ronald Cvetkovi and it should be Ronald Cvetkovic.

@Jynell Berkshire Thx for reply. I am interested in any state. From your point of viewas attorney, how much can I be legaly protected as foreigner?

What about situation to join venture with flipping house?

Example... property cost 20,000 $, rehab cost another 20,000 $.

40,000 $ is total cost for buy and rehab. I JV with someone with 50% of total cost. After that we sell house and split all costs of holding, selling etc. and of course we split profit. (if other party is doing more work we agree on other %)

What do you think about that kind of deal for foreign person? Would it be easier maybe?

So answer to topic question is to trust but only to very trusted people :)

So I am a little closer to goal :)

Very interesting writing about commercial real estate (@Tom Yung @Joel Owens ) . Until now I thought that buying commercial real estate is far more difficult then for example single family house.

I will try to investigate how can I get financing to such RE.

@Brant Richardson Words of encouragement :) But I really appreciate your honesty!

Because of what you wrote I opened this topic since I have exactly the same fears.

@Joel Owens of course it helps, helps a lot, thank you very much.

First of all thank you all for answer.

@Ned Carey $15K was just an example. It can be 15K or it can be 100K.

My investment will probably be something that I can invest, but after that don't have much reserve left. It also depends on financing.

But if I will have reserve left, I still don't want to pay the school of loosing money for several investment deals just to find good partner.

Yes a good attorney is must have.

Hi @Steve F. and welcome to BP.

I don't know if it is easier for Canadians to get financing compared with someone from Europe but from what I can tell it is very difficult.

But for sure I will follow this topic, since I am interested in same thing.

Regards

-Roni

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