Junior Jaquet Hernandez
Pre-construction investment benefits in the Dominican Republic, Punta Cana and other:
13 February 2024 | 0 replies
In this post, I share with you the pre-construction investment benefits in the Dominican republic in the tourism sectors like Punta Cana, Puerto Plata, Sosua, and others.Among the benefits of acquiring properties on plans are the following:1- Capital Gains: the increase in the value of a property over time, due to different factors, such as accessibility, location, within the urban environment, services and infrastructure, and urban and architectural value.2- CONFOTUR tax benefits: law 158-01, which establishes tax benefits for real estate investors in the country's tourism sectors, which grants the benefit of tax exemption for 15 years.a)- Real estate transfer tax 3%.b)- Real estate asset tax (IPI) 1%.3- Financing available with an interest rate of 0%:Which works depending on the policies of each project, it normally works as follows.a)- the unit must be reserved from $2000 onwards.b)- They are given an approximate period of 21 days - 30 days to complete the downpayment 20%.c)- it is financed in monthly installments without interest until 50% of the value of the property is reached at the time of delivery 12-24 monthly paymentsd)- the remaining 50% can be financed with a bank or you can pay it cash.4- Resort administration: which guarantees monthly profitability and a return on investment which we could talk about by a zoom meeting..Thank you
Greg Pawluk
New STR-advice is welcomed
14 February 2024 | 2 replies
Most of the insurance, exterior maintenance, water/sewer, cable/wifi, furniture, smallware, included.
Sean Dye
What to look for in a broker as a new agent
15 February 2024 | 12 replies
* When you get licensed, everyone (including BP) will try to sell you leads, signs, more leads, business cards, more leads, name tags, more leads, health insurance, leads, print/mail services, leads.
Sam Abe
Leasing Company not disclosing information
14 February 2024 | 3 replies
If they also do real estate sales, I would compare it to being a listing agent where an incoming offer will include proof of funds which could be a bank statement and private information.
Jarred L.
Help needed on career...
13 February 2024 | 1 reply
There are lots of factors that go into real estate investing and Biggerpockets can be a very useful tool!
Vincenzo Campaniello
Obtaining a mortgage as an expat residing abroad.
13 February 2024 | 4 replies
I'm uncertain whether this could also be a decisive factor for lenders.
Logan M.
Buying 12 new MHP Communities in 2024
14 February 2024 | 25 replies
Checking a few competing sources on a daily basis including the MLS.2.
Michelle Backer
Anywhere left to invest in inexpensive real estate ?
14 February 2024 | 123 replies
To get even more nuanced, are you including time involved in management and sourcing of the property to "cheap"?
Lynn Wong
Post closing procedure request from lender
14 February 2024 | 7 replies
They're likely trying to fix this by asking for a statement on your 401k so they can include it in your file, and make the investor happy... likely it was a reserves piece that was overlooked, a typo, who knows.
Dillon O'Connell
How do I get started flipping houses?
14 February 2024 | 21 replies
This includes a real estate agent experienced in fix and flips, several reliable contractors (since they can sometimes be overbooked or unreliable), and a real estate attorney.