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Derick Tan
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Posts: 2
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02/08/2009 09:44:49
- The short answer to your question is NO. You do not need to be a US citizen or a green card holder to own a business in the US. Thousands of companies here in the US are run by overseas owners and operators (and vice versa!). However, if you choose to reside in the US, then the proper visa, residency permit (aka green card), or US citizenship will be needed. The best visa or residency option for you will depend heavily on the size and nature of your investment. The topic of visas is a very complex and ever-changing discussion, so your best bet is to visit the INS web site for more information and then contact an immigration lawyer (or two) for consultation. But typically, some of the most common visas for investors are...
E2 Visa
Minimum $100K initial investment in a new or existing business. Must be renewed every 5 years, and is not eligible for eventual green card status.
EB5 and L1 Visas
Minimum $1,000,000 investment and 10 employees (who are US citizens). These are green card eligible.
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rob robinson
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Posts: 2
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05/10/2009 02:47:30
- Please review the trust asset base program below and let me know if you are interested.
Stated Trust Funding Program
Acquisition & ReAcquisition Trust Program Funding 80% ltv - 100% Funding
12 % -15% Cash Consideration / Due Upon Approvel
$3,000.00 AP Trust Analysis Fee Refundable - Due With AP trust Application
$1,000 -$6,000 Appraisal Fee / Seller,Trust Investor or client may Pay.
5-15% Net Investor Fee, roll into transaction
3-5% Investor Closing Costs - roll into transaction
Term of the trust is 7 years - No Prepay
Iterest rate Only 7% - 9% - Full PITI
Properties needing advance funds for construction require double cash consideration. This means that in the event that the sourced investor would normally require 12.5% consideration, the revised requirement would be boosted to 25%
$500.00 Project structuring, Processing & Admin Fee Due with returned eMpasys LOI
Applicant will be approved regardless of credit score or income and job status verification. The APT programs are not loans and money is not being borrowed. APT does not evaluate the applicant beyond personal character references. Instead, the property and appraised value are the central focus. As long as the minimal requirements are met, investor will usually approve the funding request:
The AP Trust brand is a revolutionary initiative that provides a means for end users and investors to acquire the property of their choice. When conventional or sub prime lenders decline, AP Trust will usually make the deal become reality.
The AP Trust program is provided by a Multi-Faceted Innovations company that work with all private international investor. The company was founded in 1988 and is active in a variety of industries. They harbor an investor group consisting of more than 5000 private investors worldwide.
The AP Trust program is thus provided through the resources of European private investors as opposed to banks or U.S. investors. In furthering our mission, the foremost focus is placed on the property being acquired, not on who is acquiring it. Therefore, every applicant will usually be approved regardless of credit score or their ability to prove income and employment.
AP Trust programs are not for everyone. Anyone able to secure a mortgage loan would be advised to do so. The AP Trust program may translate into a higher cost to the applicant.
Acceptable Property Types:
Almost any non-remote area residential or commercial property valued at 750K or higher and located in the United States is compatible with the AP Trust program. There are some exceptions. Because AP Trust programs are facilitated through private investor resources, a watchful eye must be kept on their interests. If an AP Trust client defaults, a proceeding similar to a foreclosure would be initiated.
Our Investors:
AP Trust transactions are funded by private investors. For each application received, a separate investor is sourced. AP Trust transactions are full-disclosure. Multiple parcels may be grouped into a single application
The General Property Acquisition:
The General Property Acquisition program from AP Trust generally requires a consideration payment. As this transaction does not constitute a loan, we do not refer to the consideration payment as a down payment.
This program is somewhat similar to a mortgage loan, but is critically different and may not easily be compared. Once an application is received and a formal approval is issued, two separate transactions are executed. First, the investor approving the transaction purchases the property. Immediately following the closing, the investor provides the property back to the applicant in the form of an option note. The investor deeding the property into a specially created trust and providing the applicant with first option accomplishes this.
While the property is initially titled to the sourced investor, the entire transaction between the investor and the applicant is placed in a trust. Each AP Trust transaction is facilitated in this same manner and is placed in a separate trust.
By placing the finalized transaction between the investor and the applicant into the trust, the related property is protected from any type of lien against the applicant. This is important, as the sourced investor needs to be protected from any potential creditors associated with the applicant.
The applicant receives first option on the trust via the trust agreement and resulting option payment plan. In simple terms, neither the investor nor the applicant actually owns the property. As the property is deeded into the trust, the trust owns the property, and the applicant has first option on the trust. The only way an applicant may lose the property is by defaulting on the monthly trust payments; much in the same way a mortgage loan default would work.
The trust is managed by a duly assigned fiduciary. This is typically the attorney retained by our underwriter to conduct this portion of the transaction.
The monthly payments are amortized much in the same way a mortgage loan is amortized. When the client cashes out the trust, all payments made are credited to the trust balance in the same way payments are credited to the principal balance of a mortgage loan.
This type of transaction is not a mortgage loan, but is structured and works in a similar way. It has advantages and disadvantages when compared to a mortgage loan.
Mortgage loans offer tax deductions and are generally less expensive. AP Trust transactions do not require qualifying credit or proof of income and employment.
The investor that is sourced for the transaction determines the overall transaction closing timeframe.
The AP Trust General Property Acquisition transaction is a non-RESPA transaction.
The AP Trust analysis fee is charged to locate and place the transaction with a private investor. It serves no other purpose. It is paid directly to AP Trust at the same time the application is submitted. It is refundable only in the event that the application is not approved or if the transaction cannot be completed on account of the AP Trust sourced investor.
The appraisal fee is contingent on the willingness of the seller to carry this expense. If payable, it is paid directly to the appraiser. The sourced investor may or may not accept a dated appraisal. Properties zoned commercial typically require an MAI appraisal. In any case, it is the sourced investor that has the final word on appraisal issues.
The cash consideration represents the amount of money that the applicant must provide to complete the transaction. These funds must be in the form of cash. Equity in any property may not substitute for cash consideration. Lastly, funds located in title escrow must first be released in order to be applied as cash consideration.
The net investor fee is what the investor charges to perform on a non-qualifying transaction. It is a small price to pay for an enormous individual commitment on the part of the sourced investor. The exact amount of the investor fee is determined by the transaction size and the amount the investor is agreeable to. It is not possible to determine in advance of submitting an application where the investor fee will precisely come in.
Therefore, applicants should base their decision to apply on the maximum investor fee of 15%. The investor fee is not paid out-of-pocket. It is rolled in. The closing costs incurred by the trust-sourced investor in connection with purchasing the property are passed on to the applicant. It is not possible to itemize the exact costs in advance, though they will be detailed prior to completion of the transaction.
Applicants that need this information prior to applying for the AP Trust program should not apply. Generally, closing costs will not exceed 5% of the transaction value and may at the discretion of the sourced investor be rolled-in. Applicants should apply for an AP Trust approval only if they are agreeable to the potential fees involved, only some of which are known prior to the submission of an application.
It is sometimes difficult to adjust to the idea that an applicant will be approved regardless of credit score or income and job status verification. This, however, is definitely the case, as AP Trust programs are not loans and money is not being borrowed. AP Trust does not evaluate the applicant beyond personal character references. Instead, the property and appraised value are the central focus.
As long as minimal requirements are met, an investor will usually approve the application:
.Required cash consideration available. Usually just 12.5-20%.
.Normal property structure not remotely located.
.3 character references.
.Stated income indicating that the applicant can afford reasonable monthly trust payments.
.AP Trust analysis fee submitted with application.
For each application resulting in an AP Trust approval, an approval letter will be provided. AP Trust approvals expire one (1) year from the date they are issued.
If a property on a pending application is withdrawn for any reason, a new property may be submitted as a replacement during the approval period of one year. In this case a new analysis fee is not required.
Investment properties are compatible with the AP Trust program.
Consideration Requirements:
The property cash consideration requirement is not treated like a fee. The amount is generally set at 12.5-20% and is calculated on the property sales price plus investor fee. It is credited to the transaction in a similar way that a down payment is credited on a real estate purchase.
The exact amount of the cash consideration required is determined by the investor who approves the transaction, although this information is often available to the applicant via their broker and prior to applying.
The property cash consideration is submitted after an approval is issued.
The total out-of-pocket expense is limited to the AP Trust analysis fee, cash consideration and closing costs not exceeding 5%.
Properties needing advance funds for construction require double cash consideration. This means that in the event that the sourced investor would normally require 12.5% consideration, the revised requirement would be boosted to 25%.
Cash consideration has only one of two possible final destinations. In the event of a successful closing the funds are released to the sourced investor. If a closing does not take place on account of the investor or due to a cancellation on the applicant side, the funds are returned to the original submitter.
Mr. Robin Robinson, REIF Consultant
eCapitalfund Real Estate Investor financier
www.ecapitalfund.com
**email removed**
856-422-0284 direct
609-220-4187
605 475-4232 Conference Calls
814-619-7880 fax
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