real estate investment

5 Best ways to Real estate investment

6 effects before you in real estate investment

When we think about starting a business or making an economic investment, the eventual goal is usually the same: to get a large enough amount of money to live the lifestyle we want. when we agree not to work for one reason or another.

 And when you think about the amount of money you have to raise to allow yourself to do that, don’t forget to take into account the inflation + taxes that have to be paid to the state and that will automatically have to be deducted from the total amount. the money you own.

 And when it comes to investing, owning one or more properties is always a good idea; even in times of financial crisis.

 Think of it this way: the earth is a finite resource. People will always need especially real estate investment designed spaces to live, work and have fun. So, as in the other fields of activity and in the real estate field, everything is just a game between existing supply and demand.

 What is good to understand is that real estate will continue to grow in value over time, despite periodic slowdowns as a result of more subtle or large-scale economic crises.

 Real estate is the field that has brought most people from the stage of ordinary people to millionaires. And despite what you might think … no, you don’t have to be a genius to succeed!

 So, if you are thinking of investing in real estate in order to gain financial independence, here’s what you need to know:

  1. Set your financial goals

What are your financial goals?

What do you expect from buying real estate?

 What will you achieve by acquiring that property will bring you closer to achieving your financial goals?

 As you well know, developing a business takes time and money. Investing in real estate is no omission from this rule.

 So, if you have an already large amount of money that you want to invest in this direction, make sure you take all the time you need to identify a property real estate investment that fits your budget and not just that … a property that, once purchased, will best serve your interests and lead you easier and faster to achieve your goals.

  • Don’t spend a fortune on real estate books and courses

I do not want you to misunderstand me. You need to have some knowledge of real estate in order to be a winner in this whole adventure. However, I want you to know that all the information you need should take up to a maximum of a volume from your library.

 So lean on the books and study carefully. Search Google and make it a habit to read specialized real estate sites.

 But don’t be overwhelmed by the information around you. When you notice that, you read, you read and the things you already know continue to be repeated real estate investment, with 1-2 relatively new elements, in addition, it means that you have been educated on almost everything you need to know.

 It is very easy to be fooled by the thought that you have not yet found the trick you need to get rich quick in real estate and to continue to document yourself, to collect books and courses, in the hope that you will find that secret information that you will open the door to real estate wealth.

So, when you notice that the information you read keeps repeating, it means it’s the perfect time to stop reading and get back to real life.

  • Visit several real estate properties

Life beats the movie. And what else can make you feel the pulse of real estate in your area than … a few field trips.

 But be very careful! Don’t blitz to buy the first property you see.

 Here are two mistakes that many real estate investors make:

  • buy a property just because they like the way it looks
  • buy the property because they are not willing to make the necessary real estate investment effort to inspect other properties on the market at that time

Remember: you need to look at real estate in terms of return on investment. You will not live there. You don’t have to like it. Instead, it should be profitable when you decide to resell or rent it.

Once you’ve visited enough real estate,

take a moment to think and put the most tempting real estate you’ve visited on paper. Write your financial goals next to them. Then try to narrow down the number of real estate investment listings on everything from the perspective of the goals you want to achieve.

This exercise will help you make the best choice for yourself.

  • Don’t wait for the miracle offer

By viewing other real estate properties over and over again, you can fall into the other extreme: postponing a purchase decision. And as you may well guess,real estate investment this action will have a negative backlash.

Postponing the purchase of a property indefinitely real estate investment on the pretext that you did not find the “winning bid”

you may lose more than if you found an offer not as tempting as you would like and bought it to put it to work, to make money for you.

In conclusion, as soon as you find the real estate offer that meets most of your criteria, stop thinking and buy it. Keep waiting for the “irresistible offer” you are dreaming of is a dangerous game …

this offer may never appear, and the offers that are now passing you by may not be met too soon.

  • Do a thorough real estate financial analysis

Let the numbers speak for themselves. Look at everything like a numbers game. Only then will the conclusion you reach be realistic.

 If you think about the whole transaction from a financial perspective and put your feelings aside,

it will be easier for you to refuse a property when the terms and conditions Real estate investment under which you buy it do not meet your profitability criteria.

 In this regard, take the time to make a complete analysis of the property, based on its history. Also, find out about the distance to the main points of interest in the city.

See how much you can rent or sell on the property depending on the potential of the area.

Take into account the taxes and fees that must be paid to the state and the interest that you have to pay to the bank, in case you will make a loan for this purpose. Mozart Casino

And finally, draw the line and see how beneficial your real estate investment will be.

Real estate investment

Find impatient sellers to complete the real estate investment transaction

How can you do that? When you find a property that hooks your eye, inquire about its history. Since when is it on sale? How has its price evolved since its sale so far?

 If the price of the flat or house in question is unchanged,

even though the property in question has been for sale for over 1 year, you may find that its owner cares about it and is not willing to give it less than you ask for; in other words, negotiating with him will not end with much greater benefits for you than at present.

That means that the owner cares. And if the price is one that you can’t afford, you should go ahead and look elsewhere to find the “winning” property.

However, if you find a property whose price has continued to fall in the last year, it means that its owner is eager to get rid of it. As a result, that person’s real estate investment will be much more flexible in negotiating with you,

and chances are you will succeed and get the price and conditions you want.

Conclusion

Owning one or more real estate properties can give you the financial stability you want. It can also come bundled with those passive incomes that everyone longs for if you rent it.

It’s all about always keeping your head on your shoulders, not making hasty decisions,

and judging logically, based on the numbers. Real estate is a long-term business. It is also important to realize that the acquisition of the desired property is only the first step you take towards achieving your financial goals and not the end-of-the-road real estate investment. Success!

Property in Dubai

How to Buy Property in Dubai

How to buy property in Dubai

Dubai has become a popular place for foreign and expatriate investors. In recent years, changes to the law have opened the Dubai real estate market to foreigners.

Now it’s relatively easy to buy property, provided you have financing. Seek expert advice to help you negotiate local laws and regulations.

Finding Property in Dubai to Buy

one Determine what type of property you are interested in. Foreign buyers often choose to purchase either flats, townhouses, or villas.

which are generally located in secure complexes with common leisure facilities such as tennis courts, swimming pools, and gyms.

Since 2002, when foreign nationals became eligible for property for the first time by royal decree, Dubai has enjoyed a construction boom.

Make sure you look at an area where foreigners are allowed to buy property.

Some of the most famous, luxurious, and costly developments include Emaar Towers, Jumeirah Gardens, International City, and Al Hamra Village.

2 Start searching online.

As with any property search, a good area to start is online. There are many real estate agencies and agents listing properties in Dubai online.

You can buy properties from real estate agents or real estate developers. Real estate agents generally sell resale properties, properties that were built and have previous owners.

Developers are selling unplanned properties that may still be under construction.

3 Contact specialist agents.

If you are looking for help in your search and want to talk to someone with expertise in the Dubai real estate market, it is best to hire a real estate agent to work with.

Real estate agents can help you find properties and explain your options. Large real estate companies will be accustomed to dealing with foreign buyers and will speak English.

Laws and regulations can change quickly in Dubai, so hiring an agent will help you avoid any pitfalls.

Usually, if you hire a real estate agent, you can expect to pay a fee of between 2% and 5% of the value of the property.

You should always check the diploma of anyone you hire. The real estate regulator in Dubai is the Real Estate Regulatory Agency (RERA).

4 Attend property fairs.

Dubai’s real estate market is still relatively young, though growing rapidly. As a result, a significant amount of foreign-bought property is purchased from developers who may not have built the development yet.

Property fairs are a popular way for a builder to present their work and meet potential buyers.

These property fairs are held all over the world, so look for one to visit in a nearby town.

You should always check that the developer you are considering is registered and licensed with RERA.

You can browse a list Finding Property in Dubai to Buy of authorized developers on the Department’s website.

5 Visit Dubai.

Before you think about moving to a property, make sure you spend some time in Dubai. If you are buying a resale property, make sure you view as many properties as possible and ask yourself the same questions as if you were buying properties anywhere else in the world.

If you buy off-plan or the construction is not completed, be sure to visit similar properties of the same developer that are completed.

When you are in Dubai, you will also have access to paper listings in local newspapers and magazines, and you will be able to attend year-round property fairs.

Development and financial requirements

one Holds the required ID and visa. Since an amendment to the law in 2002, foreigners have become much easier for foreigners to buy and rent property in Dubai.

However, you will still need to present a valid passport to prove your identity. You do not need to have any kind of residence permit to buy property, but assuming you want to stay there you will need to take care of this.

The UEA government has a six-month visa for property buyers, called the “Property Owners’ Visa”.

This allows foreign investors to stay in Dubai for six months while investigating the investments.

To qualify for this, the property you are buying must be worth more than 1 million dirhams, which is equivalent to approximately $ 272,000.

You need to buy as an individual, not as a company.

2 Determine the full costs.

You need to make sure that you can afford the property and cover all the costs of the purchase.

When determining the overall cost of ownership, you need to include the purchase price, the deposit, the transfer fees, the real estate agent’s fees, and the potential for exchange rate fluctuations.

It is not legally required, but it is advisable to hire a lawyer to help you negotiate all documents.

Include the costs of a lawyer in your counting.

A new construction property will probably require a land registration fee of about 2%.

3 Obtain a mortgage in Dubai.

Mortgages can be difficult to obtain in Dubai. Mortgages without status/self-certification are not available, and the amount of paperwork and paperwork involved may be to the detriment of those accustomed to a less rigorous system. In some cases, buyers may be required to pay between 20% and 50% of the value of the mortgage in cash.

Dubai mortgages are paid in monthly installments, with the most common 15-year mortgages. Indians cannot mortgage their property in Dubai and cannot borrow. Also, Indian residents are not allowed to guarantee a loan from a non-resident.

The maximum term of a Dubai mortgage plan is 25 years.

Mortgage repayments, combined with any other monthly expenses, must not exceed 35% of your monthly net income.

As exchange control is a complex subject, it is advisable to seek appropriate professional advice before deciding to take out a foreign currency mortgage.

Mortgage rules often change in Dubai, so try to keep up to date with local news and the UEA Central Bank.

Buying Off-Plan Property

one Submit a booking form. If you are buying property off-plan, the first step in deciding on the property you want and securing all financing is to submit a completed booking form. T

his form will summarize the basic terms and conditions of the contract of sale, including payment plan information and personal information from all parties.

You will be asked to send your passport along with the booking form.

Keep in mind that some developers are still selling lease titles, rather than free title deeds. In this case, the title is valid for the period provided in the lease.

Make sure you fully understand the details of the contract and have your attorney check it.

If the property is not yet complete, make sure you know what trust the developer has if it is postponed for any reason.

2 Pay the reservation deposit.

Once the booking document has been approved, you will need to pay for the booking deposit.

The amount will be stipulated in the booking form, but will usually be between 5% and 15% of the purchase price. Developers will not often draw up a formal sale and purchase agreement.

this deposit has been paid and will sometimes charge up to 20% or more.

When you buy off-plan, you need to make sure that the deposits and payments you make are paid into a RERA-approved securities account.

This money is then sent to the developer as the construction work is completed.

3 Complete a formal sale and purchase agreement.

The formal and legally binding contract is the contract of sale and purchase. Make sure this document documents the date the property should be completed and what penalties the developer will incur if it is delayed.

Ask a lawyer to see the contract with you and check all the details, terms, and conditions.

If the property should be furnished, make sure that a date for this will be included in the contract.

4 Transfer the facts.

You must transfer the documents to complete the purchase. This is when you will be asked to pay 100% of the purchase price.

The documents will not be transferred and you will not own the property until you have been paid, so you must have financing.

If the property has been completed, the transfer will take place at the Land Department offices.

If it’s not finished yet, you’ll transfer the documents to the developer’s office.

Then, in general, you will be asked to inspect the property and highlight any final issues that the developer should take care of.

Buying Resale Property

one Make a memorandum of understanding. To buy resale properties in Dubai.

you need to agree with the seller and record this in a Memorandum of Understanding (MOU).

This is a basic document that sets out the terms and conditions, including the date of final purchase. It is not legally required, but it is a necessary first step in buying resale properties.

2 Pay the initial deposit.

After signing the memorandum of understanding, the buyer will have to pay the deposit, usually around 10% of the purchase price.

This deposit is normally non-refundable unless there is a special reason why the seller is unable to advance the transaction.

At this point, you will also have to pay the real estate commission, normally between 2% and 5%.

3 Get the facts.

Once you have entered into an agreement and financing, you can continue and complete the purchase. As an ex-pat, you will be required to pay 100% of the purchase price before the documents are transferred,

just as if you were buying an unplanned development. To do this, you may need to attend an appointment at the Land Department and submit all documents.

The buyer, the real estate agent, and someone from the bank financing the purchase may be required to attend the Land Department meeting.