In stark contrast with other more high profile Latin American countries, such as Costa Rica and Panama, that attract lots o f expats looking for a second home or ways to stretch their dollar in retirement, Equator is relatively overlooked. The both adds to the country’s charm and makes it a great opportunity to own land and live in a country with one of the lowest costs of living in the world. This is despite an incredibly beautiful landscape, miles of tropical coastline, and a great climate.
You won’t find large gated communities that keep wealthier expats separated from the surrounding community here, but you will find a unique experience that you can get only a few places in the world. (more…)
Why do land boundaries sometimes conflict? Most often, boundary disputes arise after confusing legal descriptions cause two landowners to lay claim to the same tract of land. The deeds in question may actually describe the same area of land, or a confusing description may simply cause two landowners without an adequate background in reading such descriptions to believe that the land is theirs. Faulty legal descriptions may have been written and recorded by people lacking proper qualifications, such as laypeople without surveying experience.
Many such cases arose in the history of the United States, particularly when land was granted by European government officials who had not actually visited North America and were relying on inaccurate maps. In addition, historical methods of land surveying, such as the metes and bounds system, relied on monuments likely to change over time, such as trees. Such descriptions of the land may be difficult or impossible to decipher based on today’s geographical realities. (more…)
Up until 2006, it had been 30 years since the Florida Supreme Court was faced with a case about eminent domain for private development. It had never been an issue until development firm “Viking Inlet Harbor Properties” combined forces with the now former, Riviera Beach, Mayor Michael Brown to exploit and capitalize on this century old property law.
The Viking group had already sunk $50 million into the acquisition of property, engineering and planning fees for a proposed $2.4 billion project that would reface the marina district with luxury condominiums, single-family homes, hotels, offices, shops and yachting facilities. This undertaking would transform 400 acres of waterfront property in one of the poorest cities in Palm Beach County into a veritable country club, but not without a price. In order to complete the project about 1,700 homes had to be removed, and about 5,100 residents would be forced to sell their homes and relocate. Mayor Brown assured Viking that the city could use eminent domain to acquire the additional properties. (more…)
For those who are interested in properties in india to buy, Indian property investment have some reasons to rejoice. After the general economic slump that has affected the property sector, now there is a new fillip in the real estate market in India. Along with the micro and macro economic factors, the government policies also have contributed to the new growth in the industry.
Among the gamut of government policy decisions, the foreign direct investment (FDI) has been instrumental in overseas participation in the real estate sector in India. As a result, investors from across the continents have evinced interest in investing Indian properties. This foreign direct investment is expected to increase in the coming years. (more…)
It is undoubtedly the right time to invest in Delhi Properties. There are a lot of properties for sale in Delhi at different locations now. So far as price trend is concerned, residential and commercial properties are showing a little rise after a period of stagnation. During the recent recession, the property market in Delhi was in a slump. After the doldrums in the market forces, now the industry has just begun to show some positive sings.
It is the ideal time to invest in properties for sale in Delhi. The recent announcements of new policies of the Government of the National Capital Territory of Delhi and the Government of India for boosting up the property sector are very much attractive for property investors. The Reserve Bank of India has taken certain definitive steps for the benefit of the real estate sector. Now banks can devise new schemes for furthering the interests of the property sector. In the Delhi region these schemes are being implemented with much enthusiasm. This will definitely have a positive impact in the real estate sector in the national capital. (more…)
Quickly flipping property for profit was all the rage a just a few short years ago. With a bit of research and a touch of basic handyman skills, a beginner entrepreneur could easily find a fixer-upper in a decent location, throw in a few upgrades and some paint, and quickly offload for a generous profit. In the current volatile real estate markets of the US, quick flips by amateur investors are risky at best, and more than likely to get the average person into real trouble. Being that so many people are loosing their homes to foreclosure, the present situation begs the question of what is a good way to make money at real estate today? Identifying financially distressed properties and making your purchase when an owner is in the pre-foreclosure stage is the true way to profit at real estate flipping regardless of the current state of the real estate market.
Most people are somewhat familiar with what foreclosure means in terms of real estate, and it is a position in which no home owner ever wants to be. Pre-foreclosure then is the period initial phase of foreclosure and occurs when the borrower has not stayed current on payments and the lender initiates formal foreclosure proceedings. During this period, the current mortgage holder has a few options to rectify the situation, from refinancing to outright paying the loan in full or he/she has the option of getting current on payments plus any attached fees. (more…)
Real estate industry has been an attractive industry over the past several years before the economic slowdown. Even then, it is still a profitable industry if you really put in your effort in it.
One of the easiest ways to reap the profits of this industry is to get yourself involved in real estate wholesaling. (more…)
For investors in UK buy to let properties, the sort of mortgage that they take out can have considerable implications on how much tax they will pay, both over the life of the investment and only a monthly basis. This can significantly impact total returns from buy to let investing. Unfortunately there is no single choice of mortgage that is right for every property investment strategy so prospective landlords should investigate their options with great care.
The first choice to make is between an interest only mortgage and one that includes repayment of the principal amount owed. Traditionally most buy to let mortgages have been interest only ones. This is because the interest paid can be deducted from the rent received for income tax purposes. Thus many landlords have wished to minimize tax by not reducing the loan amount. The main tax that would then be payable is capital gains but this is levied at a lower rate than income tax. The advantage becomes particularly pronounced for people with high incomes as they pay tax at a much higher marginal rate. (more…)
The Mira Costa section of Manhattan Beach is one of several areas in the South Bay that have seen an increase in the number of single family homes sold in 2009 from 2008. Yet at the same time, the median sales price dropped by 20 percent from the previous year.
What is interesting about this is that the median sales prices for the years 2006 through 2008 were within striking distance of each other and so the 20 percent drop in price more or less represents the decline in value from the peak year of 2006. The current median sales price is $1.35 M, up significantly from the beginning of the decade when it was $835 K. Given that there are only a handful of single family homes in escrow at this writing and that the current active inventory is just 10, this new year is off to a timid start. (more…)