Comments on: Interviewed By CNBC About Investing In Las Vegas http://motiongroove.com/2009/12/17/interviewed-by-cnbc-about-investing-in-las-vegas/ Mon, 06 Feb 2012 22:51:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: CV http://motiongroove.com/2009/12/17/interviewed-by-cnbc-about-investing-in-las-vegas/comment-page-1/#comment-1526 CV Sat, 19 Dec 2009 22:38:26 +0000 http://motiongroove.com/?p=2253#comment-1526 LOL, Thanks. There are no concerns. You cannot however do any work on the property including being the landlord. You need to hire people in the USA to all the work, that you can normally do in Canada. The reason behind this is that the US government doesn't want out of country people to "steal" work from Americans. I can understand this and it's not a big deal and I don't want to deal with anything down here. My property manager will charge me 7% of the monthly rent to manage a place I am closing on in January. The strata fees are $150 US (lower than what I pay in Vancouver, around $200) LOL, Thanks. There are no concerns. You cannot however do any work on the property including being the landlord. You need to hire people in the USA to all the work, that you can normally do in Canada. The reason behind this is that the US government doesn’t want out of country people to “steal” work from Americans. I can understand this and it’s not a big deal and I don’t want to deal with anything down here.

My property manager will charge me 7% of the monthly rent to manage a place I am closing on in January. The strata fees are $150 US (lower than what I pay in Vancouver, around $200)

]]> By: hmog http://motiongroove.com/2009/12/17/interviewed-by-cnbc-about-investing-in-las-vegas/comment-page-1/#comment-1513 hmog Fri, 18 Dec 2009 18:30:24 +0000 http://motiongroove.com/?p=2253#comment-1513 5 bucks?! Cmon ! I knew you before you were famous!!! =) Nice interview. I think I mentioned to you some of my coworkers have already invested in that area. Others still on the fence. One question though- any concerns or legal issues with investing in the states? What are the risks of being an absentee landlord and or expected overhead costs incurred? I hear that property maintenance costs can kill the deal?? 5 bucks?! Cmon ! I knew you before you were famous!!!
=)
Nice interview. I think I mentioned to you some of my coworkers have already invested in that area. Others still on the fence. One question though- any concerns or legal issues with investing in the states? What are the risks of being an absentee landlord and or expected overhead costs incurred? I hear that property maintenance costs can kill the deal??

]]>