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Forum: USA

Sep 8th 2013, 10:37 pm

Replies: 19

Buying a share of US property....

Views: 1,404

Posted By Hotscot

Re: Buying a share of US property....

But if you then invested the money in another property would that property then become your friend's residence? Is that the plan, to do house flipping?

You'd be running the risk of being perceived...

Forum: USA

Sep 8th 2013, 6:28 pm

Replies: 19

Buying a share of US property....

Views: 1,404

Posted By Hotscot

Re: Buying a share of US property....

* Do you have any advise on how to do this?
Draw up a legal agreement with your friend, via a lawyer. Find a property you like. Find a realtor. Buy it. (lots of fees.)

* Would US immigration view...

Forum: USA

Sep 8th 2013, 6:14 pm

Replies: 19

Buying a share of US property....

Views: 1,404

Posted By Hotscot

Re: Buying a share of US property....

Well, specifically, what do you want to know?

Many of us have experience in buying property. Including me.
Many of us have experience in business. Including me.

It's not difficult buying a...

Forum: USA

Sep 8th 2013, 6:01 pm

Replies: 19

Buying a share of US property....

Views: 1,404

Posted By Hotscot

Re: Buying a share of US property....

Well you've been advised already that yes, you could get in trouble with immigration and yes, you could get screwed on taxes.

And you're still going ahead.

Hmmm. Good luck with that.

Forum: USA

Sep 8th 2013, 5:32 pm

Replies: 19

Buying a share of US property....

Views: 1,404

Posted By Hotscot

Re: Buying a share of US property....

I would advise against this plan.
Friends/cash/business/property don't mix very well. Far too many variables and different expectations.
Also, sounds good on paper but may not in practice.

For...

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