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paragoninternationalwealthmgmt · 5 years ago

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5 Essential Features That Make Real Estate Investing Profitable

Every now and then individuals trying to make up their minds where to put their finances ask me if real estate ventures are more or much less profitable, compared to other businesses opportunities around. My result is always that apart from its potential for yielding significant profit margins, investing in real estate often confers long terms benefits. My spouse and i discuss five such advantages below: 1 . You Can Renovate (to Enhance the Value of) Real Estate After you buy a keep, you hold it for a period of time and hopefully sell the software for a profit. The success of the stock depends on enterprise management and their corporate success, which is out of your deal with. Unlike other conventional investment instruments, like stocks, for illustration, whose rate of returns, depend on third parties (e. g. company management), real estate investments are directly within your control. Even though you will not be able to control changes which could occur in demographic and economic aspects, or result of nature induced changes, there are many other aspects that anyone can control, to boost the returns on your investment in it. Examples include aspects relating to adding repairs, or improvements/enhancements to the vigorous property and tenants you allow to live in it. Need to make sure it right, the value of your investment will grow, ultimately causing increased wealth for you. 2 . Real Estate Investing, When Completed Right, is Proven to be Profitable Even During a Recession (like the one we're in right now) It has on numerous occasions, been used to effect a bail out, as a result of financial setbacks, such as those that many have experienced during the economic depression happening in Nigeria today. A considerable number of clients have confided in me that due to the present economic situation, they are lost of profitable channels to invest their money. Some of them will be done with bonds and treasury bills, but are in scary need of a new investment. We had extensive discussions, plus based on my expertise as a real estate consultant, I proposed landed property investment, as the most suitable and secure substitute channel of investment. This is because, even if all businesses fall, land will always appreciate greatly. Then to drive the point home, I ended by sharing the following likely quote, by a former American president: "Real estate is not lost, nor carried away, managed with reasonable care, it will be about the safest investment in the world" - Franklin Roosevelt. Not surprisingly, the client chose to take my advice - as well as signed up: it was the obvious, common sense thing to do! 3. Real Estate Ventures Are Immune to Inflation In other words, investing your money through ownership of viable real estate can protect you out of your harsh effects that inflation usually has on other common investments. This is because the value of real estate generally tends to grow in positive correlation with inflationary pressures. This is why place values and rental rates go up with rising inflation. The nature of whistler grand, therefore affords owners the unique benefit of being able to adjust the rates they offer, to match inflation. Regular monthly rents for example can be raised to compensate for inflation - thus providing a cushion effect against inflation stimulated losses that other monetary investments suffer. 4. Realty is Uniquely for Being Universally Acceptable as Collateral, When it comes to Securing Funding from Banks Today, real estate in kind of either building or lands, with proper titles (i. e. Certificate of Occupancy - aka "C in O") is the most recognized and accepted form of collateral on Nigeria - and some other parts of the world. It has the initial feature of being able to protect the interests of both borrower and the bank (that's doing the lending), so funds can be released i. e. after due verification, and terms and conditions are agreed. This is one of the key added benefits a private C of O has over the global T of O, because the former (i. e. private H of O) is what will be needed by the looking borrower, in the event of any future financial dealings with bank or investment company in Nigeria. 5. Real Estate Investing Allows Use of Other's Money In other words, you can do it even if you do not have enough dollars. You just need to know how. This is possible because real estate will be physical property or what is called a hard asset. That may be an attribute that makes it attractive to financiers i. e. those who money to invest. This is why many times real estate products are purchased with debt - unlike conventional investment products including stocks which are NOT tangible, and therefore perceived as being further risky to invest in. So real estate investment can be done using cash or perhaps mortgage financing. In the latter case, payments can be therefore arranged to allow payment of low initial sums, made available from you or a willing third party. Those payments will be encountering on landed property which will continue increasing in worth throughout the duration of such payments - and indeed outside of. That further inspires confidence in the minds of those lending the acquisition, that their investment is safe. Bit wonder that real estate investing has continued to flourish for so long! [A WORD OF CAUTION] Typically the listed benefits notwithstanding, I still tell prospective buyers that due diligence is a crucial requirement for succeeding. Whether you will do everything yourself or use industry professionals like others, it is imperative that you exercise caution and arm your body with relevant information and education. This is something When i advice my clients to do all the time, so they can make decent decisions in investing. The importance of the above cannot be over-stated, especially in Lagos where quite a number of individuals, have had the fingers badly burnt, because they failed to take the expected precautions. My purpose is to help clients avoid possessing such horrible experiences, by bringing my years regarding experience in this field to bear in serving individuals.

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eldeahhomes · 5 years ago

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WISDOM CALLING. How can you earn 100k to 500k or even more monthly & still remain a tenant for more than 2 years without even half plot of land in your name? Or how can you br making even more money abroad & don't have the cheapest plot of land at home?. To the extend that anytime you return home, you stayed at rented apartment or an hotel for period of months or time been. My friend, please think about it your landlord is not better than you. Vulcanizers own houses here in Nigeria in locations like IKORODU, ATAN, & other locations around lagos & they are in the list of LANDLORDS in LAGOS STATE. It's ok to be in the league of "BIG BOY'S " in lekki, ajah but my brother if you're not the owner of that company where you work presently, I think wisdom demands that you invest wisely. You may lose that job any moment, God forbid! Your only comfort may be your wise decision to land & building of your own. Living in a HUT of your own is preferred to living in a mansion owned by another man. He could decide he doesn't want you to stay any longer. Connect with us now & let's have a heart to heart discussion on how to plan your income to accomplish owing your own dream HOME. REMEMBER THIS: IF YOU PAY NOW, IT PAYS YOU LATER. There are cheap lands in our estates in various locations ranging from #850k to #11.5million. You too can benefit from it by paying outrightly or in 6 to 12 months instalments. That is the way to demonstrate your seriousness. #ActNow SO DON'T WAIT TO INVEST IN REAL ESTATE, BUT RATHER INVEST IN REAL ESTATE & WAIT. Talk to your Humble Realtor Olamilekan (EL-DEAH homes & properties) now & secure your future through Real Estate Investments. Dial us or Message.. 📲. +2348050309158 📞. +2348050309158, +2348022542465 📩. [email protected], [email protected] https://www.instagram.com/p/B-XNvPuhRyS/?igshid=cf4oag930a51

#850k #11 #actnow

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a1melbourneestate-blog · 5 years ago

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5 Profitable Features For Real Estate Investing

Now and then folks looking to make up their minds wherein to put their cash inquire from me if real estate ventures are greater or less worthwhile, compared to other businesses opportunities around.

My reaction is always that other than its capacity for yielding significant earnings, investing in real estate regularly confers long phrases blessings.

Let me discuss five such advantages below:

1. You Can Refurbish (to Enhance the Value of) Real Estate

After you buy a stock, you maintain it for some time and hopefully promote it for an income. The fulfillment of the inventory depends on employer control and their company fulfillment, which is out of your control.

Unlike different traditional investment contraptions, like stocks, for instance, whose price of returns, rely on 1/3 events (e.G. Agency control), real property investments are immediately below your control.

Even though you'll no longer be capable of control modifications that can arise in demographic and monetary factors, or effect of nature brought on modifications, there are many other aspects that you can manage, to boost the returns for your investment in it.

Examples consist of factors regarding including maintenance, or upgrades/upgrades to the physical property and tenants you permit to stay in it.

If you do it properly, the price of your funding will grow, ensuing in multiplied wealth for you.

2. Real Estate Investing, When Done Right, is Proven to be Profitable Even During a Recession (just like the one we're in proper now)

It has on several activities, been used to effect a bailout, from monetary setbacks, which include those that many have experienced at some point of the financial downturn occurring in Nigeria these days.

An enormous number of customers have confided in me that due to the prevailing monetary state of affairs, they may be no longer sure of worthwhile channels to make investments their money. Some of them are executed with bonds and treasury payments, however, are in dire need of new investment.

We had widespread discussions and based on my understanding as a real property consultant, I advocated landed property investment because of the maximum suitable and cozy opportunity channel of investment.

This is due to the fact, although all corporations fall apart, the land will always respect greatly. Then to power my factor domestic, I ended by way of sharing the following apt quote, by using a former American president:

"Real estate can not be lost, nor overexcited, controlled with affordable care, it's approximately the safest investment inside the world" - Franklin Roosevelt.

Not noticeably, the purchaser selected to take my recommendation - and signed up: it was the plain, common feel factor to do!

3. Real Estate Investments Are Immune to Inflation

In different phrases, investing your money in ownership of possible real estate can shield you from the cruel effects that inflation usually has on other traditional investments.

This is due to the fact the fee of the actual estate usually tends to upward thrust in nice correlation with inflationary pressures. This is why property values and apartment rates cross up with growing inflation.

The nature of the real estate consequently provides proprietors the specific gain of being capable of adjusting the rates they provide, to match inflation.

Monthly rents, for instance, can be raised to atone for inflation - thus presenting a cushion impact towards inflation prompted losses that other economic investments suffer.

4. Real Estate is Uniquely for Being Universally Acceptable as Collateral, Towards Securing Funding from Banks

Today, real property in shape of either constructing or lands, with right titles (i.E. Certificate of Occupancy - aka "C of O") is the most identified and conventional form of collateral in Nigeria - and some different parts of the sector.

It has the precise characteristic of being able to shield the pastimes of each the borrower and the bank (this is doing the lending) so that funds can be released i.E. After due verification, and terms and situations are agreed.

This is one of the key blessings a non-public C of O has over the worldwide C of O because the former (i.E. Private C of O) is what's going to be wanted by using the intending borrower, in the occasion of any destiny monetary dealings with a financial institution in Nigeria.

5. Real Estate Investing Allows Use of Other People's Money

In other phrases, you could do it even in case you do not have enough cash. You simply need to know-how.

This is viable because the actual property is bodily property or what is known as a difficult asset. That is an attribute that makes it attractive to financiers i.E. People with cash to make investments.

This is why commonly real property products are offered with debt - in contrast to traditional investment products like shares which are NOT tangible, and consequently perceived as being greater risky to invest in.

So real estate funding may be completed using coins or mortgage financing. In the latter case, bills can be so organized to permit fee of low initial sums, furnished by you or a willing 0.33 birthday celebration.

Those bills will be taking place on landed assets to keep increasing in price all through the period of such bills - and certainly beyond. That, also, inspires self-assurance within the minds of those financing the acquisition, that their investment is safe.

Little surprise that actual property investing has endured prospering for so long!

[A WORD OF CAUTION] The listed benefits notwithstanding, I nonetheless tell prospective buyers that due diligence is a vital requirement for succeeding.

Whether you do everything your self or use industry experts like me, it's far imperative that you exercising warning and arm yourself with relevant data and training.

This is something I recommend my customers to do all of the time, to make proper selections in investing.

The importance of the above cannot be overstated, particularly in Lagos in which pretty some of the individuals, have had their fingers badly burnt, due to the fact they didn't take the wanted precautions.

My cause is to assist customers to keep away from having such terrible reports, through bringing my years of revel in on this field to undergo in serving them.

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shortletnigeriang · 7 months ago

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Book our Hotels & Airbnb for the Best and Luxurious Stay Experience

Are you seeking a one-bedroom apartment for rent or looking for hotels in Victoria Island for your next vacation? We are right here to arrange everything. Our company provides the best accommodation solutions. We are competent in understanding the client's requirements and providing accommodation solutions that meet the client's budget. So, choose our company to find the best accommodation solution if you want a stress-free experience. Our company is renowned for offering the best accommodation solutions. Several companies offer the best Airbnb port Harcourt, and accommodation solutions. You make sure to employ the certified and best one.

Benefits of Hiring Professional Short Let Property Management Company

You will enjoy numerous benefits when you employ a professional company for the best Short let options.

We all know that a vacant property is not worth compared to a rental property. However, several things need to be done when renting your property. It is a challenging process, and you need good knowledge about the market rate. In addition, it is also important that you maintain your property as per the market standards to acquire better rental value.

Whether you have a one-bedroom apartment for rent or any other accommodation option, you must advertise or promote the property to increase its rental value.

Are you feeling overwhelmed with property management? Relax, we're here to guide you. There is no need to stress about the complexities of property management when you can entrust all your responsibilities to our capable professionals. We're dedicated to helping property owners and tenants find the perfect deal. Whether you're an individual in search of a one-bedroom apartment for rent or a landlord looking to rent out your property, rest assured we've got your back.

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abujaihs-blog · 6 years ago

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Why survival is becoming a luxury in the slums of Ajegunle

Walking down a popular street in Ajegunle on a cloudy Monday evening, I saw young boys between 15 to 18 years, muttering incantations and behaving awkwardly on the street in a broad day light. I thought they were mentally deranged, but was baffled when some people spoke in hushed voices that they were cultists. Cultists! I screamed, considering their age. Moreover, these innocent-looking teenagers who are supposed to be in school or probably at home running errands are now on the streets to cause havoc. From rape, stealing, gangsterism, touting, all manners of assaults, to any kind of crime you can imagine, these fellows are very vulnerable. The worse is that they are unleashing themselves in Ajegunle that is already notorious for its ghettos and high crime rate associated with slummy areas. Worried about safety of lives in the slum, I made efforts to understand how residents live with such hooligans in their midst. Mama Chiboy, a middle-aged woman who runs a local bar in the area, frowned at my inquest, fearing that I would walk into trouble. But on noticing my genuine concern, she opened up. “My brother, it is not easy here. We cannot tell all we see inside this Ajegunle. Everybody wants to be noticed, fight for superiority and the worst is that the children have taken to the streets and yet they said they are the leaders of tomorrow; which tomorrow”? She asked.

She is not worried about the many brothels that harbor prostitutes, but about how teenage girls who are still under the roof of their parents sleep around with men even without protection. “If you hear the meager amount these men pay to sleep with these girls, you will understand the level of sufferings that is driving them into prostitution. Some even sleep with thugs who in turn pay back by molesting their rivals or former boyfriends”, she explained further. Aside that, the level of school drop-outs is alarming in Ajegunle as many take to touting, commercial bus driving or conducting, car wash and all manners of menial jobs. But those who have guts do robbery, high level thugs for politicians, tax agents among others. The sad thing about Ajegungle is that the area, which was once famous for breeding creative talents, sports men and women, celebrities among others now breeds criminals. What happened, if one may ask? The irony is that while the city breeds talents, the talents leave to develop other areas in Lagos or Nigeria, once they rise to fame. “We no longer have football stars coming from here like before because all the stars that started here have all left to Lekki, making those living to feel dejected. What is wrong in developing standard stadium here, football academy, movie village, art gallery, among others to encourage youths here to use their energy positively”, an aggrieved resident lamented. Tracing the history of the area, the man explained that people in Ajegunle should be living in affluence because the area was supposed to serve as residence for the low cadre workers in the old Nigerian Ports Authority. If the low cadre NPA staff had lived here since then, the man argued that they would have grown in position by now and at least, buy and redevelop the old houses they lived in before moving to Lekki and Ajah. Of course, insecurity and neglect by government, especially lack of social infrastructure have driven some businesses that would have grown in the area to safer areas. Same businesses also employ people from Ajegunle and pay them peanuts.

“Apart from Mobil, there are no good companies in Ajegunle. Those who work in good companies in Apapa do not live in Ajegunle, so how will good money circulate, earning are low here and people resort to self-help in anything they can find to survive”, another resident said. A tell of the poverty level in the slum is the beating of electricity company staff who try to cut the source of light to some houses, and fight by landlords to collect their monthly N3000 to N5000 rent, common scenarios that make one think twice on establishing business or living in the area. In some extreme cases, fight of superiority among rival cults, touts and thugs have often led to the burning of houses, cars, business places with the culprits never apprehended till date. So, it is survival of the fittest amid slum madness. However, respite is not in sight as the bad state of roads, poor development and insecurity in the area have worsen in the last 10 years and have seen the exodus of many enterprising people from the area. But one area they don’t move to, according to Emma Orizi, an aggrieved resident, is Apapa because of its proximity to their area. “If I make money, I will move to a place far from here because closeness to your former area reminds you of the sad stories from time to time, especially if you wish to change things but do not have capacity to do so”. Source: By JONATHAN ADEROJU Read the full article

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kimberlysapartments-blog · 5 years ago

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Furnished Apartments for rent Near Kimberlys Apartment lekki

Finding a suitable apartment becomes an essential decision when you are going out alone or with family members to a new location. The best solution is to rent a furnished apartment for a considerable amount of time. Let's suppose that you are planning to go to Lekki, there are various furnished apartments which are available on rent for the tourists. Whatever is the location; there are real estate agents that can help you in finding an apartment for rent.

If you are new to the place and have very little information, the best approach is to check referrals online to inquire that the particular apartment meets your requirements or not. The right approach will help you to get an ideal apartment to live in. People have varied requirements and there are chances that one apartment doesn't have all the amenities but getting maximum benefits in one single apartment with the best view can be the best option to make it a memorable trip. Flats & Apartments for Rent in Nigeria

Consulting with the family relatives and friends who has been to the place can be a very important source to find out the best place to reside in. Sometimes, free advices can be of great help in finding out a decent and affordable apartment which has almost all the amenities you require. If you do not trust them, you can surely check websites on the internet. There are various rental companies that showcase their apartments including virtual tours and videos to help you make the right decision.

Believe it or not, the moment you plan to stay in a rented apartment you are sure that you might never have to pay much money. Renting apartment is in fact very much cheaper as compared to purchasing a home. In case you have to stay in a metropolitan city then the cost of renting apartment is much cheaper as compared to purchasing it. So if you need to rent apartment then you can also go and rent a condo at a very reasonable cost. Another advantage of selecting Apartments for Rent is that if you feel that you are just not happy by the place then you can always change it or select another place to stay. But in case you purchase a home then it might not be possible for you to sell it every time you are not satisfied by it. Apartments for rent in Lagos

You also never have to pay thousands of dollars to the estate agent as down payment or big monthly installment. You also never have to worry about paying for building inspections or the tax cover and insurance coverage. Another advantage is that you might never have to pay huge mortgage amounts or interest rates when renting apartments. You can also select apartment that fits your budget and your likes and then rent the place. Even if purchasing a home can offer you with tax break still you might not be able to make use of this offer every time or in most cases. There certainly are not many benefits that you might get when purchasing a home. But there certainly are a number of benefits that you can get when renting apartment. In case you are selecting Apartments for Rent you can still get a number of tax benefits. If you are paying big amount of rent then you get a bigger relief in your taxable amount. So the moment you plan to rent apartment you can always get a number of flexibilities.

Edgewater apartment rentals are an affordable lodging option, as compared to the expensive hotel rooms. Several tourists, students and executives choose to stay in rented apartments. The apartments offer excellent services and several facilities to suit all budgets. Further, hotels do not allow you to share your room. On the other hand, sharing your apartment can significantly cut the cost. Find Cheap Short Lets Kimberly

Edgewater apartments for rent are more spacious and airy than the cramped and dingy hotel rooms. Also, hotels usually have several rooms along a corridor. The noise coming from the adjacent room can cause disturbance and inconvenience. However, Edgewater apartment rentals offer a lot more privacy to the residents. You can easily concentrate on your important work within the quiet peach of the apartment. Further, they offer and homely environment for the residents. You can rearrange the rooms to suit your lifestyle. Further, you need not stick to the limited hotel menu. You can cook personal meals for yourself. Also, the apartment rentals offer more personalized services as opposed to hotel stays, such as additional facilities for children.

Visit Here - apartments in Lagos

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miamibeachbroker · 5 years ago

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Condo for sale - Venetian Gardens at Country Club Of Miami, Hialeah

New Post has been published on https://rebroker.miami/venetian-gardens-at-country-club-of-miami-hialeah/

Condo for sale - Venetian Gardens at Country Club Of Miami, Hialeah

Venetian Gardens

9800 W Bay Harbor Hialeah

Built in 1970, Venetian Gardens @ Country Club Of Miami Condo is a 306 unit condominium located in the Country Club Miami submarket in Hialeah, Florida.

Units: 306 Stories: 2

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About Venetian Gardens at Country Club of Miami

Consider making a move to Venetian Gardens at Country Club of Miami. The 33015 location is an ideal place to move. Here at this community, the team of leasing professionals is available to assist you in finding your new home. Enjoy a great selection of amenities and features at Venetian Gardens at Country Club of Miami. Experience a better way of living at Venetian Gardens at Country Club of Miami. Contact or drop by the leasing office to check the availability and schedule a tour today.

Apartment Amenities

Services

Laundry Facilities

Interior

Clubhouse

Outdoor Space

Picnic Area

Balcony

Fitness & Recreation

Fitness Center

Tennis Court

Features

High Speed Internet Access

Heating

Smoke Free

Fireplace

Kitchen

Dishwasher

Country Club

Country Club lives up to its name in style and convenience for residents who enjoy golf, shopping, and South Florida’s best attractions all within a short drive of home. Northwest of downtown Miami by about 18 miles and roughly 25 miles southwest of Fort Lauderdale, this neighborhood allows commuters to reach either destination with relative ease due to the proliferation of routes.

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CONDOS FOR SALE

CONDOS FOR RENT

RECENTLY SOLD

CONDOS FOR SALE

2 Bedroom Units for Sale in Venetian Gardens, Hialeah

CityCondo NameUnit NumberBedsBathsLiving AreaYear BuiltPriceTotal Pic

Hialeah

Venetian Gardens

I-207

2.5

1417

1970

$185,000

CONDOS FOR RENT

1 Bedroom Units for Rent in Venetian Gardens, Hialeah

CityCondo NameUnit NumberRent PeriodLiving AreaBedsBathsPets AllowedPriceTotal Pic

Hialeah

Venetian Gardens at Count

P106

Monthly

883

1.5

$1,300

Hialeah

Venetian Gardens at Count

C208

Monthly

982

1.5

Yes

$1,300

Hialeah

Venetian Gardens at Count

A-103

Annually

982

1.5

Yes

$1,250

Hialeah

Venetian Gardens

N203

Month

982

1.5

$1,200

Hialeah

Venetian Gardens

E204

Annually

982

1.5

$1,200

2 Bedroom Units for Rent in Venetian Gardens, Hialeah

CityCondo NameUnit NumberRent PeriodLiving AreaBedsBathsPets AllowedPriceTotal Pic

Hialeah

Venetian Gardens at Count

G209

Monthly

1417

2.5

$1,550

Hialeah

Venetian Gardens at Count

R205

Monthly

1119

$1,500

RECENTLY SOLD

3 Bedroom Units for Sale in Venetian Gardens, Hialeah

CityCondo NameUnit#BedsBathsLiving AreaYear BuiltSold PriceClosing Date

Hialeah

Venetian Gardens

D207

2.5

1417

1970

$205,000

07.12.19

2 Bedroom Units for Sale in Venetian Gardens, Hialeah

CityCondo NameUnit#BedsBathsLiving AreaYear BuiltSold PriceClosing Date

Hialeah

Venetian Gardens

F105

1210

1970

$183,000

10.31.19

Hialeah

Venetian Gardens

T202

2.5

1417

1970

$180,000

10.18.19

Hialeah

Venetian Gardens

K101

1210

1970

$190,000

05.16.19

Hialeah

Venetian Gardens

D-106

1119

1970

$183,000

01.14.19

Hialeah

Venetian Gardens

S101

1210

1970

$147,000

12.13.18

Hialeah

Venetian Gardens

S105

1210

1970

$147,000

12.13.18

Hialeah

Venetian Gardens

M101

1458

1970

$150,000

12.12.18

Hialeah

Venetian Gardens

G102

1458

1970

$162,000

09.21.18

1 Bedroom Units for Sale in Venetian Gardens, Hialeah

CityCondo NameUnit#BedsBathsLiving AreaYear BuiltSold PriceClosing Date

Hialeah

Venetian Gardens

F204

1.5

982

1970

$130,000

08.29.18

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Hialeah: other condos for sale and rent

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Condo for sale – Valencia Villas, Hialeah

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Christopher J. Lazaro2019-11-14T01:21:17+04:00

Condo for Sale – Vista Alegre Townhomes

Vista Alegre Townhomes 5650 W 26 Ct Hialeah Built in 1989, Vista Alegre Townhomes Condo is a 118 unit condominium located in the Miami Lakes W/Hialeah(S of W 60th St) submarket [...]

Christopher J. Lazaro2019-11-14T01:21:17+04:00

Condo for sale – Imperial Terraces, Hialeah

Imperial Terraces Condo 1825 W 44 Pl Hialeah Built in 1974, Imperial Terraces Condo is a 118 unit condominium located in the Hialeah 33012 (S of W 49th St - W [...]

Christopher J. Lazaro2019-11-14T01:21:18+04:00

Condo for sale – Plaza of Westland, Hialeah

Plaza of Westland Condo 4675 W 18 Ct Hialeah Built in 1972, Plaza of Westland Condo is a 120 unit condominium in Hialeah, Florida. Due to the decrease in prices [...]

Christopher J. Lazaro2019-11-14T01:21:18+04:00

Condo for sale – Flamingo, Hialeah

Flamingo Condo 6283 W 24 Ave Hialeah Built in 1985, Flamingo Condo is a 120 unit condominium located in the Miami Lakes W/Hialeah(N of W 60th St) submarket in Hialeah, Florida. [...]

Christopher J. Lazaro2019-11-14T01:21:18+04:00

Condo for sale – Silver Gardens Villas, Hialeah

Silver Gardens Villas 10101 W Okeechobee Rd Hialeah Built in 1994, Silver Gardens Villas Condo is a 123 unit condominium located in the Miami Lakes W/Hialeah(S of W 60th St) submarket [...]

Christopher J. Lazaro2019-11-14T01:21:19+04:00

Condo for sale – Los Portales Condo, Hialeah

Los Portales Condo 360 E 3 St, Hialeah Hialeah Built in 2001, Los Portales Condo is a 60 unit condominium located in the Miami Lakes/Hialeah submarket in Hialeah, Florida. Built in [...]

Christopher J. Lazaro2019-11-14T01:21:19+04:00

Condo for sale – West Palm Gardens Villas, Hialeah

West Palm Gardens & West Palm Gardens II Villas Condo 2391 W 69 St Hialeah Built in 1982, Lago Grande Two Condo is a 128 unit condominium located in [...]

Christopher J. Lazaro2019-11-14T01:21:19+04:00

Condo for sale – St Andrews Court, Hialeah

St Andrews Court Condo 1555 W 44 St Hialeah Built in 1972, St Andrews Court Condo is a 130 unit condominium located in the Hialeah 33012 (S of W 49th St [...]

Christopher J. Lazaro2019-11-14T01:21:20+04:00

Condo for sale – Courtyards of Hialeah

Courtyards of Hialeah Condo 1275 W 35 St Hialeah Built in 1971, Courtyards of Hialeah Condo is a 132 unit condominium located in the Hialeah 33012 (S of W 49th [...]

Christopher J. Lazaro2019-11-14T01:21:20+04:00

Condo for sale – Lago Grande One, Hialeah

Lago Grande One Condo 6745 W 26 Dr Hialeah Built in 1982, Lago Grande One Condo is a 136 unit condominium located in the Miami Lakes W/Hialeah (N of W 60th [...]

Christopher J. Lazaro2019-11-14T01:21:21+04:00

Condo for sale – El Pueblo de Vera, Hialeah

El Pueblo de Vera Condo 5825 W 25 Ct Hialeah Built in 1989, El Pueblo de Vera Condo is a 144 unit condominium located in the Miami Lakes W/Hialeah(S of W [...]

Christopher J. Lazaro2019-11-14T01:21:21+04:00

Condo for sale – Westland Courts, Hialeah

Westland Courts Condo 1855 W 60 St Hialeah Built in 1972, Westland Courts Condo is a 150 unit condominium located in the Hialeah 33012 (North W 49th St) submarket in Hialeah, [...]

Christopher J. Lazaro2019-11-14T01:21:21+04:00

Condo for sale – Villas Del Paraiso, Hialeah

Villas Del Paraiso 7291 W 24 Ave Hialeah Built in 1993, Villas Del Paraiso Condo No One is a 150 unit condominium located in the Miami Lakes W/Hialeah(N of W 60th [...]

Christopher J. Lazaro2019-11-14T01:21:22+04:00

Condo for sale – Country Lake Manors Townhomes, Hialeah

Country Lake Manors Townhomes Condo 6767 NW 193 Ln Hialeah Built in 1984, Country Lake Manors Townhomes is a 150 unit condominium located in the Country Club Miami submarket in Hialeah, [...]

Christopher J. Lazaro2019-11-14T01:21:22+04:00

Condo for sale – Shoma Villas II at Country Club, Hialeah

Shoma Villas II at Country Club Condo 7377 NW 174th Terrace Hialeah Built in 2004, Shoma Villas II at Country Club is a 159 unit condominium located in the Country Club [...]

Christopher J. Lazaro2019-11-14T01:21:22+04:00

Condo for sale – Vista del Lago I, Hialeah

Vista del Lago I Condo 9917 W Okeechobee Rd Hialeah Built in 1991, Vista del Lago I Condo is a 165 unit condominium located in the Miami Lakes W/Hialeah(S of [...]

Christopher J. Lazaro2019-11-14T01:21:23+04:00

Condo for sale – Royal Singapore Lake, Hialeah

Royal Singapore Lake Condo 7461 Bay Hill Dr Hialeah Built in 1980, Royal Singapore Lake is a 170 unit condominium located in the Country Club Miami submarket in Hialeah, Florida. [...]

Christopher J. Lazaro2019-11-14T01:31:53+04:00

Condo for sale – Terrazas del Sol, Hialeah

Terrazas del Sol Condo 2780 W 76 St Hialeah Built in 1989, Terrazas del Sol Condo is a 174 unit condominium located in the Miami Lakes W/Hialeah(N of W 60th St) [...]

Christopher J. Lazaro2019-11-14T01:31:54+04:00

Condo for sale – Royal Palms, Hialeah

Royal Palms Condo 7420 W 20 Ave Hialeah Built in 1987, Royal Palms Condo is a 178 unit condominium located in the Miami Lakes W/Hialeah(N of W 60th St) submarket in [...]

Christopher J. Lazaro2019-11-14T01:31:54+04:00

Condo for sale – Casa Bella, Hialeah

Casa Bella Condo 4550 W 16 Ave Hialeah Built in 1979, Casa Bella Condo is a 180 unit condominium located in the Hialeah 33012 (S of W 49th St - W [...]

Christopher J. Lazaro2019-11-14T01:31:55+04:00

Condo for sale – El Prado XVI, Hialeah

El Prado XVI Condo 6989 W 36 Ave Hialeah Built in 1996, El Prado XVI Condo is a 184 unit condominium located in the Hialeah/Hialeah Gardens (N of W [...]

Christopher J. Lazaro2019-11-14T01:31:55+04:00

Condo for sale – Los Arboles, Hialeah

Los Arboles Condo 1900 W 68 St Hialeah Built in 1973, Los Arboles Condo is a 188 unit condominium located in the Miami Lakes/Hialeah submarket in Hialeah, Florida. Units: [...]

#Hialeah Condominiums #Hialeah Condos #Investment Property #Miami Real Estate #Real Estate Investment #residential real estate

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juditmiltz · 6 years ago

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South Florida’s biggest multifamily deals in 2018

From top left, clockwise: The Fountains Apartments, Gables Marbella, Alexander Lofts, Quaye at Wellington, and Gables Aventura.

South Florida’s Class A apartment market stayed strong throughout 2018, despite the luxury condo market slowdown. Out-of-state institutional investors sought out Class A multifamily properties and workforce housing in the tri-county areas as the population is expected to grow significantly over the next few years.

Investors are increasingly betting on areas in the suburbs or just outside of Miami and Fort Lauderdale, including western Broward County. As housing becomes more unaffordable, investors predict that renters are going to seek out cheaper Class A rental housing and move further outside the urban core, experts say.

But some of these multifamily investors are now having to fend off increasing competition from condo investors who are also seeking to rent units. More condo investors are putting their units on the so-called shadow market as they are unable to sell their condos.

Yet so far, multifamily owners have not seemed to be impacted by this new supply. Vacancy rates are low and most new buildings are being absorbed by renters, according to recent reports. In fact, apartment owners may even be in a better position as indicators are showing that home ownership is becoming less of a priority for Americans.

Gables Aventura, $149M

Gables Residential’s sale of Gables Aventura for $149 million to RREEF marked South Florida’s largest apartment deal in 2018.

RREEF, a publicly traded real estate investment trust and an affiliate of Deutsche Bank, paid about $372,500 per unit for the apartment and townhome community at 19920 West Dixie Highway near Aventura, property records show.

Rents at the 400-unit complex rents range from $1,799 to more than $2,808. Atlanta-based Gables Residential completed the 16.3-acre development in 2016. It had previously acquired the site in 2007 from Turnberry Associates for $11 million, according to Real Capital Analytics.

Quaye at Wellington, $120M

HG Management sold the Quaye at Wellington to Stockbridge Capital Group for $120 million.

The Tampa apartment developer sold the 32-acre, 350-unit apartment and townhouse complex at 9840 Quaye Side Drive for about $343,000 per apartment, property records show. It’s about 90 percent leased, according to a press release.

The property features 33 three-story, garden-style buildings, four lakes, a nature preserve, dog park, heated pool, 10,500-square-foot clubhouse with a kitchen, game room, gym and outdoor summer kitchen.

HG secured a $53 million construction loan for the project in 2015 and completed it about a year ago.

Gables Marbella, $112M

A company tied to Chicago-based Heitman paid $112 million for the Gables Marbella apartment community west of Boca Raton, property records show.

The 297-unit rental complex at 22182 Bella Lago Drive traded for about $377,000 per apartment. Records show Marbella Premium Apartments LLC, tied to Atlanta-based developer Gables Residential, sold the property.

Gables Residential paid a little more than $43.4 million for the 19-acre property in 2005. Records show the complex was built a year later.

Heitman is a global real estate investment firm headquartered in Chicago with about $40 billion in assets under management, according to its website.

Alexander Living, $103M

A joint partnership between Ram Realty Advisors and Kolter Urban sold the Alexander Living apartments in downtown West Palm Beach to AvalonBay Communities for $103 million.

AvalonBay purchased the properties, which include a 20-story, 205-unit rental building called The Alexander as well as a six-story, 85-unit building called Alexander Lofts, according to property records. The deal breaks down to about $355,000 per unit.

Ram acquired the properties through its private equity fund for $5.12 million in 2012. Ram and Kolter completed The Alexander building last year.

The development group converted the Alexander Lofts building, which was built in 1926, into apartments in 2015. It was previously home to Southern Bell Telephone’s regional headquarters.

The Fountains Apartments, $97.3M

Aventura-based Advenir bought The Fountains Apartments in Palm Beach Gardens for $97.3 million from BRT Apartments Corp in January. The sale equals $179,520 per unit.

BRT expects to record a $20.5 million profit on the sale of complex, located at 4120 Square Boulevard, near the intersection of North Military Trail and PGA Boulevard.

The Fountains Apartments have one-, two- and three-bedroom units with monthly rents starting at $1,144, according to the property’s website.

Advenir closed on an $80 million loan the same month it bought the property, which it plans to use for renovations.

The top 5 South Florida multifamily deals in 2018

RankProject NameAddressCountySale PriceBuyerSeller 1Gables Aventura20081 Northeast 26th AvenueMiami-Dade$149,000,000RREEF Property Trust, an arm of Deutsche Bank asset managementGables Residential 2Quaye at Wellington9840 Quaye Side DrivePalm Beach$120,000,000Stockbridge Capital GroupHG Management 3Gables Marbella22182 Bella Lago DrivePalm Beach$112,000,000HeitmanMarbella Premium Apartments 4Alexander Living333 Fern StreetWest Palm Beach$103,000,000AvalonBay CommunitiesRam Realty Advisors; Kolter Urban 5Advenir at PGA4120 Union Square BoulevardPalm Beach$97,250,000AdvenirBRT Apartments Corp

SOURCE: TRD analysis of brokerage data, as provided by Colliers International, news clippings and market reports.

from The Real Deal Miami https://therealdeal.com/miami/2018/12/26/south-floridas-biggest-multifamily-deals-in-2018/ via IFTTT

#The Real Deal Miami

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alfredrserrano · 6 years ago

Text

South Florida’s biggest multifamily deals in 2018

From top left, clockwise: The Fountains Apartments, Gables Marbella, Alexander Lofts, Quaye at Wellington, and Gables Aventura.

Gables Aventura, $149M

Gables Residential’s sale of Gables Aventura for $149 million to RREEF marked South Florida’s largest apartment deal in 2018.

Quaye at Wellington, $120M

HG Management sold the Quaye at Wellington to Stockbridge Capital Group for $120 million.

HG secured a $53 million construction loan for the project in 2015 and completed it about a year ago.

Gables Marbella, $112M

A company tied to Chicago-based Heitman paid $112 million for the Gables Marbella apartment community west of Boca Raton, property records show.

Gables Residential paid a little more than $43.4 million for the 19-acre property in 2005. Records show the complex was built a year later.

Heitman is a global real estate investment firm headquartered in Chicago with about $40 billion in assets under management, according to its website.

Alexander Living, $103M

A joint partnership between Ram Realty Advisors and Kolter Urban sold the Alexander Living apartments in downtown West Palm Beach to AvalonBay Communities for $103 million.

Ram acquired the properties through its private equity fund for $5.12 million in 2012. Ram and Kolter completed The Alexander building last year.

The development group converted the Alexander Lofts building, which was built in 1926, into apartments in 2015. It was previously home to Southern Bell Telephone’s regional headquarters.

The Fountains Apartments, $97.3M

Aventura-based Advenir bought The Fountains Apartments in Palm Beach Gardens for $97.3 million from BRT Apartments Corp in January. The sale equals $179,520 per unit.

BRT expects to record a $20.5 million profit on the sale of complex, located at 4120 Square Boulevard, near the intersection of North Military Trail and PGA Boulevard.

The Fountains Apartments have one-, two- and three-bedroom units with monthly rents starting at $1,144, according to the property’s website.

Advenir closed on an $80 million loan the same month it bought the property, which it plans to use for renovations.

from The Real Deal Miami https://therealdeal.com/miami/2018/12/26/south-floridas-biggest-multifamily-deals-in-2018/ via IFTTT

#The Real Deal Miami

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lagosfinder · 5 years ago

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AVAILABLE TO LET 4 bedroom duplex in Oba Amusa Estate, Agungi. Rent:2.3m Self service 3 bedroom apartment in Canal West Estate, Kazeem Eletu, Osapa London. New Rent: 2m SC: 300k Self contained, shared apartment in Chevyview estate, Chevron drive. Rent: 800k Self service 2 bedroom apartment, renovate. Rent:. 1.2m Service charge: 200k 3 bedroom apartment, upstairs, in Oba Amiss Estate, Agungi. Rent: 1.5m Self service 3 bedroom apartment opposite Domino Pizza, Agungi. Rent: 1.7m Service charge: 250k 3bedroom terrace duplex with a BQ at Ochid 1.7m rent Service charge 31k per month Service estate Nice 3 bedroom apartment in Bera estate Rent: 1.7m Self service 3 bedroom service apartment with a BQ, gas cooker, AC etc in canal West estate Osapa. Rent: 2.5 Service charge: 600k Power: 7pm-7am 2 bedroom flat very specious all rooms ensuite at New Road by Alpha Beach road 1.5M 2 bedroom apartment in Idado, two in tenants in the compound -1.5m 2 bedroom apartment in Ilasan, behind Elevation church! Rent: 1.5, 1.3 & 1.2m respectively Standard 3 bed apartment, fully serviced, with a BQ in Pearl gate estate, by VGC. Comes with swimming pool Rent: 1.8m Service charge: 600k New 3 bedroom and 2 bedroom & Miniflat The same building at oral Estate by second toll gate. Rent: 2m, 1.8m & 1.5m respectively SC: 250k Diesel: 20k monthly New Mini flat at Ochid Road by second toll gate Chevron. Very specious with 2 toilets & upstairs Rent: 1.5m WHATSAPP/CALL 07062223999 (at Ikoyi, Lagos, Nigeria) https://www.instagram.com/p/CBYM61ApX4n/?igshid=113yzqwkdtk74

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preawin1-blog · 7 years ago

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TENANTS’ RIGHTS

Beware of fake estate agents and dupes. Ask questions. As many as you can. Watch out for the indicators on how to identify a fake estate agent. Remember the 15 Cardinal Points Of Inspection. Be sure to inspect the apartment carefully and thoroughly before you pay. It is your right. Aside from the information fed you by the agent or landlord, conduct your own independent investigations. Settle all issues regarding repairs or renovations before you pay. Always remember the Golden Rule: DO NOT BE RUSHED!

NOTE THAT:

1) Your rent receipt is the basis of your rights as a tenant. Always demand for it.

2) Ensure your receipts are duly signed, dated as per the date of payment and reflect amount paid as rent.

3) It is now a criminal offence in Lagos State for a landlord not to issue a rent receipt.

4) You are entitled to a copy of the tenancy agreement.

5) Take note of the restrictive covenants (conditions) in your tenancy agreement, and especially, how many months’ quit notice you are entitled to.

6) Ask questions on any aspect of the tenancy agreement you do not understand.

7) Your landlord cannot increase your rent yearly or arbitrarily, or in the middle of a term you had already paid for.

8) You are entitled to negotiate any rent increment with your landlord.

9) You are entitled to approach the court if you believe the rent increment is unreasonable.

10) You cannot pay more than 1 year’s rent in advance as a new tenant in Lagos State.

11) In Lagos State, an old monthly tenant cannot pay more than 6 month’s rent in advance, while an old yearly tenant cannot pay more than 1 year’s rent in advance.

12) Do not hesitate to always consult your lawyer for clarifications on any point you are not clear about.

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cubaverdad · 7 years ago

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Average Wages Rise but Nobody in Cuba Lives on Their Salary

Average Wages Rise but Nobody in Cuba Lives on Their Salary 14ymedio, Mario Penton and Luz Escobar, Miami and Havana, 14 July 2017 — Ileana Sánchez is anxiously rummaging through her tattered wallet, looking for some bills to buy a toy slate for her seven-year-old granddaughter who dreams of becoming a teacher. She has had to save for months to get the 20 CUC (Cuban convertible pesos, roughly $20 US) that the gift costs, since her monthly salary as a state inspector is only 315 CUP (Cuban pesos), about 12 dollars. At the end of June, the National Bureau of Statistics and Information (ONEI) reported that the average salary at national level reached 740 CUP per month, slightly more than 29 CUC. However, the increase in the average salary does not represent a real improvement in the living conditions of the worker, who continues to be able to access many goods and services only through remittances sent from family abroad, savings and withdrawals. "I do not know who makes that much money, nor what they base these figures on, because not even with the wages my husband earns working in food service for 240 CUP a month, along with my wages, do we get that much," says Sanchez. The ONEI explains that the average monthly salary is "the average amount of direct wages earned by a worker in a month." The calculation excludes earning in CUC. However, the average salary is inflated by the increases in "strategic" sectors, such as has happened in healthcare, where the pay has been more than doubled, while in other areas of the economy wages have remained practically unchanged for over a decade. "If you buy food you can not buy clothes, if you buy clothes you can not eat, we live every day thinking about how to come up with ways survive," she says in anguish. Most Cubans do not support themselves on what they earn in jobs working for the state, which employs 80% of the country's workforce. President Raúl Castro himself acknowledged that wages "do not satisfy all the needs of the worker and his family" and, in one of his most critical speeches about the national reality in 2013, he said that "a part of society" had become accustomed to stealing from the state. Sanchez, on the other hand, justifies the thefts and believes that the "those who live better" are those who have access to dollars or those who receive remittances. "Anyone who doesn't have a family member abroad or is a leader, is out of luck," she says. According to the economist Carmelo Mesa-Lago, when speaking of an increase in the average wage, a distinction must be made between the nominal wage, that is, the amount of money people receive, and the real wage, adjusted for inflation. A recent study published by the academic shows that although the nominal wage has grown steadily in recent years, the real wage of a Cuban is 63% lower than it was in 1989, when Cuba was subsidized by the Soviet Union and the government had various social protection programs. At present, the entire month's salary of a worker is only enough to buy 10.3 whole chickens or 7.6 tanks of liquefied gas. Among retirees and pensioners, the situation is worse. The elderly can barely buy 16% of what a pension benefit would buy before the most difficult years of the so-called Special Period – the years of economic crisis after the fall of the Soviet Union – according to Mesa-Lago. Or by another measure, spending an entire month's salary a worker can only afford 19 hours of internet connection in the Wi-Fi zones enabled by the state telecommunications monopoly, Etecsa, or 84.5 minutes of local calls through cell phones. To buy a two-room apartment in a building built in 1936 in the central and coveted Havana neighborhood of Vedado a worker would need to save their entire salary for 98 years, while a Soviet-made Lada car from the time of Brezhnev would cost the equivalent of 52 years of work. However, the island's real estate market has grown in recent years at the hands of private sector workers who accumulate hard currency, or by investments made by the Cuban diaspora. In remittances alone, more than three billion dollars arrives in Cuba every year. According to Ileana Sánchez, before this panorama many people look for work in the areas related to state food services or administration where they can steal from the state, or jobs that provide contact with international tourists such as in the hotels. Other coveted jobs in the private sphere are the paladares – private restaurants – and renting rooms and homes to tourists where you can get tips. The "search" (as the theft is called) has become a more powerful incentive to accept a job than the salary itself. Although, according to the document published by the ONEI, workers in the tourism and defense sector earn 556 and 510 pesos on average, many of them receive as a bonus a certain amount of CUC monthly that is not reflected in the statistics, and they also have access to more expensive food and electrical appliances than does the rest of the population. Among the best paid jobs in CUP, in order of income, are those in the sugar industry, with 1,246 CUP on a monthly basis, and in agriculture with 1,218. Among the worst paid jobs according to the ONEI are those working in education, with 533 CUP, and in culture with 511. For Miguel Roque, 48, a native of Guantánamo, low wages in the eastern part of the country are driving migration to other provinces. He has lived for 12 years in the Nuclear City, just a few kilometers from Juraguá, in the province of Cienfuegos, where the Soviet Union began to build a nuclear plant that was never finished. "The East is another world. If you work here, imagine yourself there. A place stopped in time," he explains. Roque works as a bricklayer in Cienfuegos although he aspires to emigrate to Havana in the coming months, where "work abounds and more things can be achieved." The provinces where average wages are highest, according to the ONEI, are Ciego de Avila (816 CUP), Villa Clara (808 CUP) and Matanzas (806 CUP), while the lowest paid are Guantanamo (633 CUP) and Isla de la Juventud (655 CUP). "Salary increases in the east of the country are not enough to fill the gaps with the eastern and central provinces," explains Cuban sociologist Elaine Acosta, who believes that cuts in the social services budgets are aggravating the inequalities that result from the wage differences. "It is no coincidence that the eastern provinces have the lowest figures on the Human Development Index," he asserts. Source: Average Wages Rise but Nobody in Cuba Lives on Their Salary – Translating Cuba - http://ift.tt/2uyObsu via Blogger http://ift.tt/2vuqMVw

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