Hi Adrian,

Thanks for your post.

Before I made the move to the US in September 2012 I spent a good year and a half building trust and relationships with key people on the ground that I knew would have my interest at heart.

In my opinion money can be made in any market in the US at the moment. Some area more and some less. Some might appreciate more over time and some wont as much. The number one key to investing successfully and not becoming another horror story is the team of people you have on the ground looking after your investments. I cant stress enough how important this is.

I always tell investors if they would only shift their focus on establishing the right people on the ground rather than looking into stats on particular areas we would most likely have much less horror stories. No matter how good the stats are in an area if the the property manager is dodgy for example you wont succeed.

Just my 2 Euro's worth

Thanks for reading and I am sure you will get some other great posts following mine.

All the best

Missy,

With HSBC you will only be able to open up a personal account and if you purchase property in the US through an LLC the property manager will only be able to mail a check with your personal name on it and not the LLC's name.

It would be easier to break through the security of the LLC in case of a lawsuit if the rent collected is going into your personal account.

This has been my understanding and advice I received from our attorney.

Thanks

haha

You guys should see the banter going on the Bigger Pockets forum now about a Kiyosaki topic haha

Its great to watch.

I am posting KnoxOff's video there now to spice things up.

hahaha

Thanks Jay,

Freaking awesome post.

Have a great day.

hahaha

Bloody awesome mate.

I have been to Bangkok a few times when I was still playing soccer a while back.

Its pretty full on as soon as you step out of the hotel room.

We are actually now marketing a few properties on Linkedin and via Facebook with this heading below:

This deal is hotter than a night in BANGKOK hahaha

Thanks guys

Thanks boughtwithequity,

Currently seeing many properties come back on the market here in KC that were bought by unsuspecting foreign investors.

Its sad to see it happen.

As you said it is likely to be the same with the hedge funds although they are much more picky with what they buy now.

Thanks

haha

Worst seminar I have ever been to is Rich Dad Poor Dad here in KC.

I felt a bit sick cause I couldn't believe how hard they were pushing the sale.

Sad to see cause the books are ok.

haha Granps lollol

I want you to be a board member of my company one day its big enough and listed?

Thanks mate

China going belly up and all manufacturing jobs to return to the USA?

Thanks

Thanks Jay,

So how would I approach Blackstone and get funding?

Would they lend on 1 deal or it has to be much more.

I see it posted every where but its promoted in a different way and it doesn't look like the promoters are targeting rehabbers but more "mom and dad" investors?????

Thanks mate