Showing posts with label Real estate. Show all posts
Showing posts with label Real estate. Show all posts

15 July 2016

Quotes for Success: Building a Door

Denise Hadnott is a financial educator who makes extra effort to encourage women in business and provide advice for their success. Thank you Ms. Hadnott!!








27 October 2015

The Bahamas - Beautiful Beaches, Conch Shells and Mangos

Both my father and my husband are from Nassau, Bahamas, so I always like to say a little something about this beloved country at different sites that I write for. Rather than rehash the content of my various articles published elsewhere on the web, decided that in this bubble I would simply share the YouTube video clip which is the famous scene from the very first James Bond movie, "Dr. No", where James Bond (played by Sean Connery) sings a few words from "Underneath the Mango Tree"; and Honey Rider (played by Ursula Andress) was also singing that song while she was collecting conch shells on a beach in The Bahamas.



The video doesn't include the complete dialogue, but Honey said that she could get $50 for one shell in Florida!

Grew in Miami, Florida. "Dr. No" was released 1962. Often wonder what the market price for a conch shell is these days. Enjoy the video!


♦♦♦♦♦♦
More about The Bahamas Around the Web:





09 February 2015

Real Estate Investing in the Rainbow Nation, South Africa

Opportunity cost is the term used to calculate the difference in return between a chosen investment and one that is necessarily passed up. To say it differently, you gave up the opportunity of another investment to put your money in an alternative investment and there is a cost associated with making that decision. In other words, it helps you measure a trade-off.

Do you live in the United States but want to explore buying commercial property or a retirement or vacation home in a foreign country? When it comes to purchasing property overseas, U.S. Investors must always consider the opportunity cost and those who have invested would say the trade-off is worth it.




When it comes to Africa, South Africa is at the top of the rest of the African continent in offering prime real estate for investment purposes. Since apartheid is no longer legal, a major trend in the housing market is that home ownership is becoming more representative of the South African population. Home buying among the blacks, Asians, and other non-whites is on the rise. In addition, South African law permits foreigners to purchase or own real property in South Africa. Even though the political climate appears unattractive when viewing or listening to reports in the media, real estate professionals in the business of selling realty in South Africa have indicated that foreigners, particularly, Americans are still buying. In fact, some of the best prime property with awesome views of the sea, Table Mountain and Robben Island, is owned by foreign investors.

There is East, West, North and South Africa. Sure one can speculate and debate about international markets, the politics, wars and rumors of wars, earthquakes, famine, the future, etc. But no one has ever debated that the continent of Africa is the place for gold, diamonds and prime real estate. If interested in international investing, why not begin looking for prime real estate in South Africa? With the income from your ROI (return on investment), perhaps you can buy a diamond or a gold mine.

As of 2012 total South African real estate was valued at approximately $604 Billion ( http://www.worldpropertychannel.com/middle-east-africa-commercial-news/property-sector-charter-company-portia-tau-sekati-south-african-property-owners-association-cape-town-real-estate-market-6136.php ); and most recent reports indicate that green buildings are gaining in popularity. International real estate investing is definitely not for the faint of heart. But if you want a reliable information resource to begin your education, SouthAfrica.info ( http://SouthAfrica.info/ ) is an all-in-one official gateway to South Africa and supplies comprehensive country information for investors, tourists, citizens and South Africans abroad.



*** Previously Posted Feb 1, 2014 at TreasurePen.com


07 February 2015

The Snowman-Costa Rica Link

Ever see the movie "The Falcon and the Snowman" (1985)*? It provides a very convincing argument for buying real estate in Costa Rica.

dvd "The Falcon and the Snowman" starred Timothy Hutton and Sean Penn. I think the movie should be incorporated into an orientation training class for all civil servants who work in the law enforcement agencies “ CIA, NSA, ICE, FBI, etc. The movie was intense. Riveting! A favorite word used by official movie critics. The best part of the movie for me is David Bowie and Pat Metheny on the soundtrack. But I digress. The movie is about a young guy (Christopher Boyce, played by Timothy Hutton) who works for the government and learns that "things" are not what they appear to be and feels betrayed by his country. He gets angry about it “ as any red-blooded patriot would - and decides to sells secrets to "The Enemy". He recruits his childhood friend (Daulton Lee, played by Sean Penn) who is a dope head! Long story short. In the end they both go to prison.


In between, Mr. Lee gets caught and accused of murder. Of course, he didn't commit the murder but that didn't stop the law enforcement authorities who captured him from grilling him, thoroughly interrogating him, and torturing him to get the truth out of him.
After all is said and done “ they say "He did!," - he say "He didn't! He's just a tourist, a businessman." - there's a scene where he's about to be released and a man walks in and says something to the effect: "We're going to give you 2 choices." Before the man could tell what the choices were, Mr. Lee (Sean Penn) looks up at the guy, weary, scared, demoralized and says in questioning tone of voice: "Costa Rica?" I CRACKED UP LAUGHING!! I thought to myself: 'Now ain't that sumthin! They done beat the crap about this boy and he is totally weakened and confused, but he still had the clarity of mind to try to negotiate to get sent to Costa Rica!!' :)


Costa Rica
Costa Rica (Photo credit: Wikipedia)

This is not a movie review.

Those were introductory remarks to bring the reader to the real topic to be discussed in this post:

COSTA RICA

Costa Rica means "Rich Coast".
  • Capital: San Jose
  • Primary Language: Spanish
  • Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama.
Located in the heart of Central America, thousands of tourists decide on Costa Rica as their top travel choice. Why wouldn't they? Exquisite tropical beaches, entertaining and stimulating culture, adventurous - a land of volcanoes, rain forests, waterfalls, and rivers - and wonder-filled! “ natural parks and amazing diving! It's ideal for a vacation. In fact, the prestigious British newspaper, Daily Mail, recommended Costa Rica as the "perfect destination" for nature and adventure enthusiasts. Ref: DAILY MAIL article, January 19, 2011. So for people considering Living, Visiting, or Retiring in Costa Rica, click here to obtain a Free Costa Rica Fact Sheet -OR- click here to find out more about Costa Rica -OR- click here to see what others “ possibly "tourists" - have written about it: Costa Rica - Central America - HubPages.com.

* * Vacation Rentals in Costa Rica * *

* * Buy Real Estate in Costa Rica * *

* * Costa Rica on a Budget: It Can Be Done * *

By the way, if you're in Costa Rica and you want to make a side trip, Nicaragua might be an adventure!





* Duplicate Post.  Apologies.  (It happens.) * :P

15 January 2015

Panama Welcomes Foreign Investors

Panama is a Republic in Central America, right next door to Costa Rica.  Years back, well-known publications such as Business Week were touting Panama as being "the New Florida

True, Panama and Florida have so much in common they could easily pass for twins. Like Florida, Panama has beautiful scenery with exotic looking flowers and dazzling sunsets, great fishing spots, fantastic weather, and it is already a place where many retirees opt to spend their golden years.

But in case that isn't enough, Panama has implemented a program to woo foreign investors. Through its Pensionado Program, foreigners - US investors, in particular - are welcomed to buy real estate, relocate or retire there. Experts in retirement planning state that Panama is recognized as one of the world's top offshore havens for investment purposes.

Shared this info multiple times at my various blogs.  But hey!  When something is good it bears repeating. :)

Why Invest in Panama Real Estate?

*
A Young Panamanian Woman Wearing the Traditional Pollera

"The Pollera is the most beautiful and admired national costume of the Americas. There are many tales related about its origin, but the popular opinion is that it was adapted from a gypsy dress worn in Spain at the time of the conquest of Peru and brought to Panama by the servants of the colonial families. It normally consists of a blouse or shirt and a two-tiered full skirt. ..." (Source: Polleras of Panama | PanamaLiving.com)


Coat of arms of Republic of Panama.
Coat of arms of Republic of Panama. (Photo credit: Wikipedia)





06 December 2014

The Snowman-Costa Rica Link

Ever see the movie The Falcon and the Snowman” (1985)*? It provides a very convincing argument for buying real estate in Costa Rica.

*(View the official movie trailer.)

“The Falcon and the Snowman” starred Timothy Hutton and Sean Penn.   I think the movie should be incorporated into an orientation training class for all civil servants who work in the law enforcement agencies – CIA, NSA, ICE, FBI, etc.   The movie was intense. Riveting! A favorite word used by official movie critics. The best part of the movie for me is David Bowie and Pat Metheny on the soundtrack.   But I digress.

dvdThe movie is about a young guy (Christopher Boyce, played by Timothy Hutton) who works for the government and learns that “things” are not what they appear to be and feels betrayed by his country. He gets angry about it – as any red-blooded patriot would – and decides to sells secrets to “The Enemy”. He recruits his childhood friend (Daulton Lee, played by Sean Penn) who is a dope head! Long story short. In the end they both go to prison. In between, Mr. Lee gets caught and accused of murder. Of course, he didn’t commit the murder but that didn’t stop the law enforcement authorities who captured him from grilling him, thoroughly interrogating him, and torturing him to get the truth out of him.

After all is said and done – they say “He did!,” – he say ”He didn’t! He’s just a tourist, a businessman.” – there’s a scene where he’s about to be released and a man walks in and says something to the effect: “We’re going to give you 2 choices.” Before the man could tell what the choices were, Mr. Lee (Sean Penn) looks up at the guy, weary, scared, demoralized and says in questioning tone of voice: “Costa Rica?”

I CRACKED UP LAUGHING!!

I thought to myself: ‘Now ain’t that sumthin! They done beat the crap about this boy and he is totally weakened and confused, but he still had the clarity of mind to try to negotiate to get sent to Costa Rica!!’ :)
 

football-362110_640


Costa Rica Map (Photo credit: Wikipedia)

Costa RicaThis is not a movie review.

Those were introductory remarks to bring the reader to the real topic to be discussed in this post:

 

COSTA RICA

Costa Rica means “Rich Coast”.
  • Capital:   San Jose
  • Primary Language: Spanish
  • Location:  Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama.
Located in the heart of Central America, thousands of tourists decide on Costa Rica as their top travel choice. Why wouldn’t they? Exquisite tropical beaches, entertaining and stimulating culture, adventurous – a land of volcanoes, rain forests, waterfalls, and rivers – and wonder-filled! – natural parks and amazing diving! It’s ideal for a vacation. In fact, the prestigious British newspaper, Daily Mail, recommended Costa Rica as the “perfect destination” for nature and adventure enthusiasts. Ref:  DAILY MAIL article, January 19, 2011.

So for people considering Living, Visiting, or Retiring in Costa Rica, click here to obtain a Free Costa Rica Fact Sheet -OR- click here to find out more about Costa Rica -OR- click here to see what others – possibly “tourists” – have written about it:  Costa Rica – Central America – HubPages.com.

* * Vacation Rentals in Costa Rica * *

* * Buy Real Estate in Costa Rica * *

* * Costa Rica on a Budget:  It Can Be Done * *

By the way, if you’re in Costa Rica and you want to make a side trip, Nicaragua might be an adventure!

22 October 2014

International Real Estate Investing - Awesome Choices!

International real estate investing is not for the faint of heart.  Many investors vie to own a piece of South Africa. It is considered by some to be the most coveted prime real estate on the planet. But think also about Costa Rica, Panama and The Bahamas as international real estate investment choices. Why pass on an opportunity to own a small part of a paradise? The political climate in these 3 countries is much less volatile than South Africa. Plus they all have great diving and fishing spots! :) 

International Real Estate Investing - Awesome Choices!




(Image credit: Pixabay.com)

HubPages

23 July 2014

A Plan to Tailor a Seller-Finance Note for Resale

When property sellers need to receive as much cash as possible immediately for the down payment on their next house, it is critical to anticipate this need in order to use seller financing to their advantage.

Getting top dollar for a note
In a typical seller-financed closing, the seller only receives cash from the down payment at the time of sale. This amount could be used to pay the real estate agent and put the remainder toward their own down payment on another house, but in many cases, the amount received is not enough. In addition, sellers who use private financing to close the sale will not get the full amount financed when the note is sold.

Most sellers need as much money as possible when they "cash out" their newly created note, so their objective is to sell the note at the lowest discount possible. And to do this, they will need to create a secured cash flow that is attractive to note buyers.

Note pricing factors
The size of the discount - i.e., the difference between the purchase price and the remaining balance - depends largely on factors such as the specifics about the payer, the property/price, and the note terms. If the note is created without these important criteria in mind, the seller may have a difficult time finding a buyer to pay the amount that the homeowner needs.

The Payer
Clearly, there isn't much the seller can do about the "quality" of the payer because most people interested in accepting seller financing are higher-risk borrowers. Still, if there is more than one party interested in buying their property, sellers offering financing can still discriminate based on credit history or the amount of the down payment offered.

The Property/Price
Similarly, the seller can't change the basic facts about their property - where it's located, the type of structure, or its age or condition. But, the seller can control the price they set for their property.

Most sellers have a specific amount in mind that they need to get out of a sale. In traditional real estate sales, getting that money usually is determined by the property's price. But with seller financing, there is another step that is taken before the seller ends up with the total amount of money they were looking for - the note must be sold.

Since private notes are typically sold at a discount, the seller must set their price higher than the amount they were looking for to compensate for the drop that will come with the buyer's offer. By setting the price slightly higher than market value, the seller can create a note that sells with a minimal discount. Individuals that don't qualify for conventional funding are motivated to buy real estate, even if the price is somewhat higher than market value.

Increasing the sales price and the implied value of the property will not actually affect the buyer's discount, but the adjustment could lead to more money in the seller's pocket.
A higher sale price means a note with a larger unpaid balance, which could still bring the seller the desired net amount after discounting. Keep in mind that higher sale prices can also lead to larger down payments (as a set percentage of the price), resulting in more money in the seller's pocket.

The Note Terms
The most important thing for sellers to do is to structure their note so that the buyers won’t be forced to incorporate a deep discount into their offers. From the buyer’s point of view, higher interest rates and shorter terms are preferred. The actual offer made is based on the yield the buyer is looking for; in general, higher yields are associated with riskier notes. The discount is directly related to the difference between the interest rate on the note and the buyer’s desired yield.
While sellers can’t know exactly what a buyer’s required yield will be, the seller can certainly create a note that could minimize the expected discount. Generally, buyers will want to receive a yield anywhere between 12% and 20% on a note. While yield parameters will fluctuate with the market, a 10% yield is typically the lowest they will accept for new notes.

A Note Creation Example
Because buyers usually want to earn a yield above 12%, creating a note with an interest rate under 10% would automatically mean a steep discount when the note is sold.

For example, creating a cash flow with a 3% interest rate doesn’t make any sense if the seller needs to get top dollar for their note, because there is already a seven-point difference between the interest rate and the buyer's desired yield. In addition, most buyers will create a gap in their favor by yielding at least one point more than the interest rate.

Sellers can also avoid unnecessary discounts by reducing the terms of their notes. Another part of a buyer's discount is based on the time-value of money principle, meaning that notes that take longer to be paid off will usually be discounted accordingly. An ideal term for a private secured note is between five to ten years (60 to 120 months).

Conversely, it isn't a good idea to shorten the term down to two years or less because a foreclosure situation will be created - the monthly payment will likely be too steep for the payer to keep up with for long.

By keeping the eventual note buyer's criteria in mind when creating a private note, property sellers can ensure that their real estate note deal works out the best for them and that they net the highest amount possible when a cash settlement is reached.
********
Article first published under the title: “Strategies for Strong Resale”
Used by permission from the library of Russ Dalbey: Winning in the Cash Flow Business
********

Originally Posted on May 13, 2013 at 3:25 PM - Cinex Notes Services
CNS Blog was discontinued; eff date June 11, 2014.








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RELEVANT NOTES:
  • One of the web domains formally used by Dalbey was http://www.notenetwork.com/.













19 June 2014

Crime Prevention All Year Long

October may be designated National Crime Prevention month, but all homeowners know that home security is ongoing, all year long, all day and all night, 24/7. Kelly Campbell at Protection 1, says traditional alarm systems are good but wireless motion detectors (WMD) have added advantages because they come with advanced security technology. 


Protection 1 is a leading home security company in the United States and has an A+ rating with the Better Business Bureau. Ms. Campbell's post contains links to this website if you are interested in knowing more about their motion sensors and other home safety products.


For contrast and comparison, below you can view Wireless Motion Detectors from other reputable companies (e.g. Honeywell, Skylink, Telebrands, etc.) available via Amazon.


Most WMDs are easy to install, battery-operated, weather-resistant, and worth the extra protection for your home and family. Because we all know a safe house is not just for protected witnesses.



Originally Posted on December 29, 2013 at 10:35 AM - Cinex Notes Services
CNS Blog was discontinued; eff date June 11, 2014.



It's Home Sweet Home.
Don't you want it to stay that way?











11 June 2014

Tips for Selling Your Home - FSBO vs Agent


Did you know that most buyers find homes online without the help of an agent?

Are you aware that the median sale price of agent-assisted home sales in 2013 was $230,000 and the average FSBO sale price was approximately $20k higher?

Want more key insights?
Insights on Selling a Home - Sell your Home By Owner and Save Thousands!


Originally Posted on December 29, 2013 at 10:35 AM - Cinex Notes Services
CNS Blog was discontinued; eff date June 11, 2014.












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