Start Property Development Company For E2 Visa
#17
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 19
Re: Start Property Development Company For E2 Visa
Nothing much just start with rebuilding existing homes so i can get a feel of how the US property development sector works then move up.
#18
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Start Property Development Company For E2 Visa
thats not development, thats rehabbing. everyone and their dog does it
also, just FYI what you are proposing is a sure fire way to lose your shirt right now over here - the market has crashed and people in that line of business are getting @ss-****ed without lube...
the e2 visa is for businesses that need a substantial amount of capital, rehabbing houses can be done with very little of your own money
#19
Re: Start Property Development Company For E2 Visa
your chance of getting a visa is pretty close to zero with that
thats not development, thats rehabbing. everyone and their dog does it
also, just FYI what you are proposing is a sure fire way to lose your shirt right now over here - the market has crashed and people in that line of business are getting @ss-****ed without lube...
the e2 visa is for businesses that need a substantial amount of capital, rehabbing houses can be done with very little of your own money
thats not development, thats rehabbing. everyone and their dog does it
also, just FYI what you are proposing is a sure fire way to lose your shirt right now over here - the market has crashed and people in that line of business are getting @ss-****ed without lube...
the e2 visa is for businesses that need a substantial amount of capital, rehabbing houses can be done with very little of your own money
#21
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 19
Re: Start Property Development Company For E2 Visa
I've been following the market it will come back within next 6 months. I've just found an online land seller and have sent email on weather or not you can build houses (or anything else) on the land.
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
#22
Re: Start Property Development Company For E2 Visa
[QUOTE=Alex125;5834547]I've been following the market it will come back within next 6 months. /QUOTE]
Umm!! most experts 2 years... but who knows
Make an appointment with the Lawyer I gave.... they can tell you if your
plan is feasible
Umm!! most experts 2 years... but who knows
Make an appointment with the Lawyer I gave.... they can tell you if your
plan is feasible
#23
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 19
Re: Start Property Development Company For E2 Visa
yeah i will make an appointment Ray i hope it OK.
#24
Re: Start Property Development Company For E2 Visa
I've been following the market it will come back within next 6 months. I've just found an online land seller and have sent email on weather or not you can build houses (or anything else) on the land.
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
Why not just splash out on a nice vacation here, instead?
#25
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Start Property Development Company For E2 Visa
I've been following the market it will come back within next 6 months. I've just found an online land seller and have sent email on weather or not you can build houses (or anything else) on the land.
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
It will be with all my money as i don't believe in credit. I can handle trading at a loss for a while not to long or i will lose the E2 (Right or wrong if not making money and trading at a loss you lose the E2).
I don't mind if it fails at least i have experienced living in the USA which is better than nothing right but i hope it doesn't.
Alex
these things take a while to go tits up and take a while to get better
18 months - 3 years is my estimate, longer obviously if we go into a protracted recession
also, not using credit for real estate is like not using a condom with a hiv-positive hooker
the best thing about realestate is leverage, if you take that out you may as well just put your money in an on-line savings account
not being harsh - just being realistic
check out these websites
www.thecreativeinvestor.com
www.biggerpockets.com
#26
Re: Start Property Development Company For E2 Visa
A much better option would be buy an existing business of whatever you fancy ..buy a house for yourself and flip that on the side ..
#27
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 19
Re: Start Property Development Company For E2 Visa
I thinking accounting firm, CPA (Got a Accounting Degree) if this idea isn't feasible (I don't really want to go back into it boring at the best of times but only other business i know well) and start a second business on the side doing this.
#28
Re: Start Property Development Company For E2 Visa
better idea, though you'll have to check out the state requirements to be a CPA...but probably good business if you can get your head around US taxes for ex-pats and dealing with the dual tax treaty and pensions...
#29
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 19
Re: Start Property Development Company For E2 Visa
I thought it was a crap idea nice to know it isn't I'm sure that i can get my head around US taxes.
#30
Re: Start Property Development Company For E2 Visa
Every Tom, Dick and Harry here is into flipping and re-building (even if they don't know what they are doing). Of course half of them are in forclosure now that the economy is turning. IMHO now would be a very bad time to get into this game.
- Tim