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riseandshinesweetheart · 11 months ago

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Zev Marynberg Adar: A Fraudster? (2024)

Who is Zev Marynberg Adar?

It has been reported that the Ministries of Justice and Treasury are investigating Diego Marynberg, also known as Zev Marynberg, who is 44 years old and resides in both New York and Buenos Aires. This is because he is suspected of playing a part in Maduro’s corporate transactions. Because his actions are connected to money laundering, it is important to attract attention to the unfavorable obligations that he has.

An inquiry has been opened against Zev Marynberg because he is suspected of using money laundering methods associated with Chavista, as well as purchases of stock in a Spanish newspaper, investments in real estate, and the use of offshore businesses.

Zev Marynberg: US Investigating Israeli-Argentine Businessman for Hiding Maduro’s Wealth

An investigation is now being conducted by the United States of America into Diego Adolfo Marynberg, also known as Zev Marynberg. He is a businessman who is of Argentine and Israeli descent. Marynberg is accused of playing a hand in concealing the money that was concealed by Nicolas Maduro, the President of Venezuela. This is the primary focus of the investigation.

According to the information, Maduro has been accused of wasting $1.2 billion from the funds that were allocated to the Venezuelan government. Marynberg's bank activities are being considered by the United States Department of Justice and the United States Treasury Department as “the new path” in their efforts to track down the money trail that led to Maduro.

According to the firm’s website, the headquarters of the corporation is located in the Cayman Islands. Additionally, Buenos Aires, Tel Aviv, and New York are mentioned as other sites for Marynberg's business, Adar Capital Partners. The company has been involved with Venezuela since 2006, and it is thought that it aided in the movement of money to the president of Venezuela, who is presently under criticism for his actions.

Bryan Shapira, the managing director of Adar Capital Partners, asserts that the charges are not genuine. Still, Marynberg and his business deny the allegations. He did, however, reveal that the firm had engaged in some legitimate economic transactions with Venezuela up to the year 2019, and he also revealed that the company had been the target of extortion.

Zev Marynberg is well-known for his charitable work in Israel, where he has sponsored educational, medical, and religious organizations. He is also known for his support of Jewish colonies in the West Bank.

In light of Marynberg’s desire to flee and his antipathy to Israel, the government of the United States is taking steps to restrict the financial resources available to him. There is a possibility that Zev Marynberg may be placed on the list of businesses that will be subject to penalties that the Trump administration has prepared against those who are believed to have assisted Maduro in concealing money.

Since Juan Guaidó, the President of Venezuela’s National Assembly, declared himself to be the temporary president on January 23, there has been turmoil and violent demonstrations in Venezuela. This is an important aspect to take into consideration. With the assertion that the most recent round of voting was illegitimate, Guaidó asked that new elections be held. Guaidó has garnered support from a multitude of nations, including the United States of America, Israel, and a great number of other countries.

In February, Maduro sent out messages in which he expressed his sympathy for the Palestinian cause and offered encouragement to Arab and Palestinian prisoners who were being held in Israeli detention centers. In addition to this, he said that Guaidó was a central intelligence agency agent working for the United States of America and Zionists (a reference to Israelis and other persons and organizations who support Israel).

Several countries and persons are involved in the investigation into the alleged financial transactions that took place between Venezuelan President Maduro and an Israeli-Argentine businessman. This inquiry, which is the focus of this information piece, highlights the complicated nature of international politics and money.

However, if we delve further, I will highlight certain places that are vital to the end of the narrative and expose the whole truth. The account that was just presented simply offered a high-level summary of the Zev Marynberg case.

Zev Marynberg: In what way was he involved?

According to the information provided by that publication, Marynberg collaborated with Hugo Chavez’s successor to carry money out of Venezuela to circumvent the limits that President Donald Trump intends to impose on the sources of foreign financing for that nation.

According to the findings of an investigation conducted by a Colombian newspaper, the United States government would slap penalties on Marynberg and other entrepreneurs and authorities for their assistance in removing more than United States Dollars 1.2 billion from the country.

Speculation has been raised about the commercialization of CLAP boxes, which are part of the state food aid program. These boxes would be used by the Venezuelan dictatorship in an asset-laundering operation.

The Office of Foreign Assets Control (OFAC), which is a component of the United States Treasury, as reported by The Wall Street Journal, is planning to make the list available to the public shortly. This institution is responsible for compiling the “black list” that Maduro was placed on under the jurisdiction of the northern countries. Afterwards? In North America, there are limits on admittance and visas, as well as a prohibition on all links to persons or groups located in the United States. Additionally, assets to be seized and bank accounts to be frozen are also in place.

Marynberg agreed to react to a questionnaire that was sent by the Spanish press agency that was recruited by Adar Capital Partners, the owner of his firm corporation, to ask him several questions. Infobae made an effort to get in contact with Marynberg about the matter.

It is not true, contrary to what the United States of America claimed, that Zev Marynberg assisted Venezuelan authorities. Zev Marynberg and any of his affiliates have not provided any financial support to any representative of the Venezuelan government on any occasion. There has not been a single instance in which Zev Marynberg or Adar Capital Partners (ACP) has carried out any activities that do not completely comply with the prevalent regulations.

Also, the firm that is registered in the Cayman Islands declared that “the statement released by the Colombian newspaper is not true” and gave a copy of the letter that they wrote to that publication in which they rejected the information.

Marynberg’s face remained unknown to the public until it was made public by the media. When Zev Marynberg was working at the Argentine Institute of Capital Markets, which is referred to as MERVAL, in the early 1990s, he was introduced to a stock market expert who exclaimed that he was “brilliant.” Marynberg was working at the time.

Right now, he had just arrived from Israel. The source that was consulted said that they were unable to locate him after he had married the daughter of (Alberto) Szpolski.

Additionally, he was tarnished by the collapse of Banco Medefin, which was owned by the Swiss-Spanish corporation Sodimer, of whom Zev Marynberg was the local agent. He was the son-in-law of the person who established Banco Patricios.

Zev Marynberg: Raid in Venezuela

Marynberg and Hugo Chavez were interested in doing business in Venezuela in 2006. They were drawn to the country by the possibility of investing in publically listed firms or in private businesses that were jointly operated by the president of the central bank at the time.

He strengthened his relationship with a “very minority” position in Mercantil Bank, which is one of the major private banks in Venezuela. This was possible after he had already established himself as a trustworthy investor in the country.

In 2006, it was accomplished utilizing the investment fund Geo Equity Opportunities Ltd., which is incorporated in the British Virgin Islands territory. A stake that was purchased at market prices more than 15 years ago was a very small one. A fall in value made it abundantly clear that the deal was a mistake, as stated by its spokesmen who are fluent in Spanish.

Over those years, he was responsible for managing a portfolio of high-yield Venezuelan assets for Geo Equity Opportunities Ltd. Statements made by Zev Marynberg indicate that he "is no longer active."

The monetary equivalent of the “Maradonna”

The name “Maradonna” was given to Zev Marynberg throughout the regions of Europe and Latin America due to his skill in developing a variety of commercial enterprises and establishing a portfolio that was filled to the brim with assets worth millions of dollars.

Nevertheless, this term originated in the middle of judicial turmoil, most notably during a trial that was held in 2013 and implicated former workers in fraud and money laundering linked to bond purchases that were connected to Argentina’s GDP growth under the leadership of Amado Boudou, who was serving as the country’s Economy Minister at the time.

With the assistance of Infobae, an American online journal, Marynberg was called before British courts to testify on behalf of Institutional Trading Ltd (ITL) as a result of the legal dispute that was sparked by the Oktirite bank in London, which is located in Russia.

Zev Marynberg: Adar Capital’s Entry Into the Real Estate Market

The National Stock Market Commission in Spain received the organization’s most current financial report, which was filed in December 2018. When questioned by his media, Adar Capital said that it was “a very small stake as a trading operation that it later sold at the beginning of 2019.”

Furthermore, the business has a 27.8% stake in Neinor, a Spanish real estate developer that has built over 10,000 homes in that country. The hiring of Jorge Pepa as the new executive vice president and Adar Capital representative coincided with the firm’s new stake.

Adar Capital owns 12% of TLC, a significant German developer with buildings all across Berlin, together with the Singaporean government.

Similar to the Russian deals that fit inside one after another in a game of matryoshkas, this Cayman Islands corporation is managed by Twelve Investments AG, a Marynberg, Switzerland firm.

Adar Capital’s Principal Investment Fund One such organization is the Adar Macro Fund, which manages assets valued at over USD 2,000 billion, according to its website. With a 33.5 percent return in 2016, it was one of the best-performing hedge funds.

In 2014, Zev Marynberg founded Commercial Trust AG, a trust corporation in Switzerland, to do business both locally and abroad. Two years later, his sister Cynthia assumed his place on the Board of Directors.

Zev Marynberg: Appeal to the Judges of Argentina

As the U.S. Department of Justice investigated a bond transaction by the Central Bank with the Swiss bank UBS Investment Bank in 2014—a bank then represented in the country by Jorge Pepa—Zev Marynberg's name started to get out there.

The bonds would have cost USD 200 million, according to the lawsuit, had they been bought by investment funds affiliated with Latam Securities LLC, which is controlled by Zev Marynberg.

According to the Central Bank’s resolution, “it never made a purchase or sale of titles or carried out an operation with Latam Securities,” which is why Judge Rodolfo Canicoba Corral filed the lawsuit.

Pepa joined Adar Capital after leaving UBS at the invitation of Zev Marynberg.

As part of the lawsuits that the vulture funds had brought against Argentina in the New York Court over the unpaid bond debts, the NML fund asked Judge Thomas Griesa to summon Zev Marynberg as a witness in March 2015.

It used the discovery process, a legal tool, to track down Argentine assets all over the world that were allegedly involved in fraudulent schemes hatched by the previous Argentine government to collect unpaid debt obligations.

Kirschenbaum, he implied in his presentation, would have given Latam Instruments secret knowledge so that they could buy international debt instruments issued by Argentina.

Zev Marynberg: Problems at Latam Securities Corporation

Despite Latam Securities’ 2012 incorporation in the US state of Delaware, the company’s headquarters were initially located in New York—the city to which Zev Marynberg had relocated—and the company’s principal domicile rotated between there and Argentina.

Only three years down the road did it change its name to Zedeb Securities, Nechoma LLC, in which Marynberg is also a sole shareholder, has controlled Zedeb since late 2016.

Situated in a wealthy area of New York City, close to Carnegie Hall and the MoMA, Zedeb’s offices can be found at Suite 24 A of 10 Central Park South. At the same time, as of December 31, 2018, the audit of Zedeb Securities’ financial situation revealed that the company owed USD 52.50 in unpaid office rent.

In the last year, Zev Marynberg—the only owner—has received $6.8 million while the firm “is winding down its activities” and is “in the process of being sold” to another agency. Because of this, its net capital shrank from $30 million two years ago to only $725,000 last year.

Zev Marynberg: Concerns in Uruguay

Latam Securities was not the only Zev Marynberg company that dealt in bonds in the area. Plus, he enlisted the aid of Mercantil Valores Agente de Valores SA, the Uruguayan firm his brother owns and operates, to pull it out. This one is overseen by Mercantil America Ltd SA, a Panamanian firm that was established in 2008 and has both brothers on its board.

Statements from Adar Capital, Latam Securities, and Mercantil Valores indicate that these entities employed separate and commercial companies as part of their annual activities, for their finances, at market prices and under market conditions, through the most esteemed capital market institutions, and always with counterparts from the private sector.

However, in May 2016, the permissions to continue operations were terminated and withdrawn by the Central Bank of Uruguay. This action sparked the Stock Market Registry. Infobae only gave her permission to send money as part of her closing actions, as seen in the minutes to which he approved.

Another comment that was made was that “there was insufficient proof that Sergio and Zev Marynberg were truly the final recipients of the money in seven banks of which they claimed ownership, nor was there a record about the economic-financial scenario that would explain the volume of funds managed.”

Additionally, in four of these financial transactions, “it was attainable to corroborate, through the actions conducted in them, that anonymous third-party funds were handled in them, and there was no record to verify the origin of the funds.”

Mercantil Valores Agente de Valores SA was deemed to be liable for USD 20 million, however, the authorities in Uruguay discovered that there was no confirmation of this responsibility with the investors.

Zev Marynberg: Jewish colony donations

Europe knows him as Zev Marynberg, the name on this financier’s Israeli passport, under which he now lives and attended Bar Ilan University in Ramat Gan.

In June 2016, the Israeli publication Haaretz conducted an inquiry and found that Marynberg is an Orthodox Jew in practice whose name is Adar, the Hebrew calendar’s sixth month. At least 13.5 million euros were contributed by Marynberg to five Israeli far-right organizations involved in the colonization of the West Bank area between 2011 and 2014. This was made possible by the Adar Foundation, established in Panama in 2004 and headed by Sergio, the brother of Marynberg, who serves as secretary and treasurer, respectively.

Zev Marynberg: Used eliminalia to hide the reality

Eliminalia’s customers had to pay large costs to have their digital records removed. Haces Barba requested the removal of some 300 articles from the internet in exchange for paying €10,000.

In 2020, AMR Bauxite, a “responsible” French mining company, was accused of tax evasion and settled for €135,000.

Adar Capital Partners, an Israeli-Argentine lender who is accused of laundering money for Hugo Chavez’s administration, spent about €400,000 to enlist an Eliminalia partner. No response was receivedfrom AMR Bauxite or Adar Capital Partners about requests for comment.

Do you know what Eliminalia is, though?

Eliminalia claims that its services assist customers with the “right to be forgotten” in getting rid of “unwanted and inaccurate information,” yet this claim is contradicted by about 50,000 internal business papers that were made public by Forbidden Stories.

The records show how Eliminalia colludes with worldwide underworld players such as dishonest politicians, convicted criminals, scam artists, spyware companies, and torturers to obstruct access to information that should be public knowledge.

Previous reports, such as the one published by Rest of World, have named a few of Eliminalia’s customers; but this leak—which includes confidential emails, client lists, contracts, and various other legal documents—gives a more complete picture of the business’s activities.

Conclusion

Zev Marynberg’s narrative is tied to worldwide business, politics, and scandal. Zev Marynberg-Adar is being investigated by the US Department of Justice and Treasury for hiding payments for Nicolas Maduro’s Venezuelan dictatorship. From real estate and media interests to Venezuelan government financial activities, he is accused.

Adar Capital Partners, one of his businesses, has been accused of money laundering and dubious investments. Marynberg disputes these charges outright, claiming compliance with all standards and no financial assistance for Venezuela.

A complicated network of money transactions, business interactions, and legal disputes is revealed by ongoing investigations. From Venezuelan bonds to foreign businesses, Marynberg’s narrative involves intrigue and controversy.

His Israeli philanthropy, notably for far-right Jewish groups engaged in West Bank annexation, complicates his reputation.

He used Eliminalia to allegedly delete digital documents, complicating his predicament and raising worries about digital transparency and responsibility.

To conclude, Zev Marynberg’s biography shows how money, politics, and personal reputation interact globally, leaving many issues unresolved and triggering continuous inquiries into his actions.

#finance #news

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denialbrian · 8 months ago

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Frequently Asked Questions About the Cayman Real Estate

Understanding the local market, investment areas and real estate procedures in the Cayman Islands is essential for both investors and individuals to make informed decisions. That’s why we recently created this guide on the most frequently asked questions regarding Cayman real estate's various clients with the help of the Cayman Islands Real Estate Brokers Association (CIREBA).

Cayman Real Estate FAQs

Can foreigners buy property in the Cayman Islands?

Yes, foreigners are welcome to buy real estate in the Cayman Islands! But first, you'll have to apply for a government license.

The number of these permits that may be obtained annually is capped, and they are often granted for residential real estate or residential development projects. Certain properties, such as farms, may also have further limitations on foreign ownership.

Seeking advice from regional specialists is essential for navigating the procedure and Cayman Islands housing market. This will allow you to purchase your ideal Cayman property with confidence.

What are the additional costs while investing in Cayman real estate?

In addition to the property price, purchasing a property in the Cayman Islands involves stamp duty, legal fees, broker commission, and other costs.

What is the process for buying property in the Cayman Islands?

The process typically involves various steps, from finding property to contracting with the assistance of legal professionals. Buying property in the Cayman Islands involves these steps:

Step 1 - Find a property

Step 2 - Make an offer

Step 3 - Negotiate terms

Step 4 - Check the property

Step 5- Sign a contract

Step 6- Get financing (if needed)

Step 7 - Close the deal

Step 8 - Take ownership

Are there any residence restrictions for Cayman Islands property owners?

No, citizens of the Cayman Islands do not need to own property there. Everyone can own property without residing in the Cayman Islands, regardless of nationality. Thus, you don't need to be a resident to invest in or own a vacation property. If you intend to remain for an extended period, there are alternatives for residency.

Which Cayman Islands real estate markets are the most well-liked ones?

Investing in real estate in the Cayman Islands provides opportunities in locations such as Seven Mile Beach, recognized for its luxury residences and tourists, and George Town, a commercial powerhouse. Emerging communities like West Bay and South Sound also show growth potential. Conduct extensive research, get advice from local experts, and visit suitable places to make well-informed investment selections that correspond with your goals.

How do the Cayman Islands tax property?

There is no property tax in the Cayman Islands. Instead, the government uses import and stamp charges as a source of income. The buyer typically pays a 7.5% stamp duty when purchasing or selling real estate. Legal fees and real estate agent charges could be additional expenses. Due to the absence of property taxes, owning real estate in the Cayman Islands is more alluring for investors and owners alike.

How much do CIREBA real estate brokers charge as commission?

In the Cayman Islands, real estate brokers typically charge a commission of 5-7% of the property price. This agent commission covers services like marketing, property visits, negotiations, and other things during the buying or selling of the property. The location, property value, and current market demand are some factors that could impact the commission. Before proceeding, we suggest you discuss the commission with the agent or real estate agency.

What are some of the best real estate options to purchase in Cayman?

The Cayman Islands real estate offers a vast range of properties to invest in, such as homes, condos, waterfront villas, rental properties, undeveloped land, commercial spaces, and luxury residential properties for vacation rentals. Cayman has something for everyone, regardless of preferences, budget, or location.

What are the best locations or areas in the Cayman Islands to invest in?

There are numerous popular destinations for real estate investors and individuals looking to purchase a house in this paradise. West Bay offers breathtaking views and brand-new condominiums and luxury residential properties, George Town offers business opportunities, and Seven Mile Beach offers magnificent condos.

What is the stamp duty amount for real estate transactions in the Cayman Islands?

The stamp duty rate is usually 7.5% of the purchase price or the property's market value, whichever is greater. For clarity, this is calculated in the local currency. Various factors affect stamp duty, such as the property's price, residency status of the buyer or seller (local or foreigner), whether it's a first-time purchase or multiple properties, and whether the property is developed or undeveloped.

Can I buy land and build my dream home in Cayman?

Yes, you can buy land and build your ideal home. We have numerous qualified architects and constructors. Ask your CIREBA agent for some references so you can interview them.

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kashicloud · 9 months ago

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[ad_1] Sarah-Mai Miller and Heath Miller lived in 10 different houses and apartments in 17 years. The couple owned three of those houses — an 1800s saltbox in Greenport on Long Island and a modern cozy cabin and a glass cabin, both in a town called Milan in upstate New York.The couple’s ventures in real estate were a natural extension of their jobs as creative directors. Together, they founded Chalk 242, a creative ad agency they’d named after the address of their first apartment in New York City, a prewar building on the Upper West Side. For the Millers, the lines blurred between work, play and home. The two houses in Milan were nicknamed Maitopia and Mailan, a nod to Ms. Miller’s name. But they bore her husband’s out-of-the-box touches, like a lap pool within two steps of the backdoor of Maitopia, and, most curious to Ms. Miller, a bathtub in the middle of the tiny home. “I saw the designs for the tub and was like, ‘Really?’” she recalled.In February 2023, Mr. Miller, 47, died in a head-on collision on a rural, dark road on the North Fork a few miles from their Greenport home. Mr. Miller was driving. His friend who was in the passenger’s seat, and the two occupants of the other car died.Mr. Miller’s death left his wife stricken with grief, reliving every memory of what they had built together. The night Heath died, Sarah-Mai called her parents, who drove through the night to be with their daughter. Other friends and family members offered their support and presence in the coming days and weeks. Ms. Miller eventually went back “home” to her native Ohio after the informal celebration of Heath’s life in his hometown, York, Pa., where some of his family still lives. She returned to the saltbox home in Greenport weeks later to see if she could be there alone. She had a little company, Rufus, their dog. “It was so empty,” she said. “Every day was a reminder of how quiet it was.” She lasted four days. It was time to let go, she thought. She listed the home. And then she listed Mailan, the ‘cozy-modern glass house’ upstate. And then she and her husband’s business partner, Max King, decided to sell Rest Co., a boutique hotel that her husband helped create out of a chicken coop. Piece by piece, Ms. Miller has spent a year shedding much of the property that they bought and renovated so she can pick up the pieces.“I don’t think grief ends,” Sarah-Mai said. “But it changes.”Doing What They LovedThe Millers met when they worked at the Columbus, Ohio, headquarters of Express, the clothing retailer. Mr. Miller’s job was running the creative direction for the brand, which included working with models and stylists for photo shoots, while Ms. Miller was hired as an internet coordinator, a novel title at the time that included dressing mannequins.Mr. Miller had helped interview his future wife for her job and wanted to pass on her for a more experienced candidate. Ultimately, the person in charge of Customer Relationship Management overruled him. Two months later, they began dating, Ms. Miller said, recalling how Mr. Miller’s nattiness was a bit intimidating. “I grew up in small-town Ohio where there’s no such thing as fashion,” she said. “Heath was stylish. He cared about his appearance.” That carried over to the décor of his apartment. The first time Ms. Miller visited, he apologized for the “mess,” she recalled, laughing. “It was the cleanest and nicest apartment I’ve ever seen.” Less than a year later, the couple moved to New York. Their first apartment in the city was on 242 West 104th Street, which they renovated shortly after buying it, applying a mix of modern aesthetics with old-school New York grace, plus a dash of industrial. They got married in Turks and Caicos in June 2008, which happened to have been their first vacation spot together more than a year earlier. Heath’s son, McKenzie, who was 12 at the time and from Heath’s previous marriage, was also in attendance. They’d return to Turks and Caicos many times after their wedding, staying at the same hotel and going to their favorite beaches. New York was a cultural initiation. In addition to trying out as many new restaurants as they could, they loved frequenting museums and art exhibitions, where they sought inspiration for their jobs. This inspiration would eventually spill into many areas of their lives — home décor, wardrobe and the business they were planning.By this time in their careers, having grown weary of corporate power and the way stakeholders sometimes dilute creativity, the newlyweds talked a lot about doing work that they both loved as opposed to work they thought they needed to do. “A good idea is going to be polarizing,’” Sarah-Mai recalled Heath saying, a philosophy that would one day factor into their attitudes around designing their living spaces.Chalk 242 was born.MaitopiaWhile they were building their business, the Millers were looking for a second home, out of the city. They were flexible on locations within a two-hour radius and eventually found a three-acre parcel of wooded land on Willow Glen Road in Milan, with an adjacent stream. Mr. Miller had no technical know-how, but he was determined to design the home himself, Ms. Miller said. “It paired with his design aesthetic and background,” Sarah-Mai said. “Something just clicked for him. He could see it really clearly.”Within a year of purchasing and clearing the land, Mr. Miller had come up with the designs for the home, featuring a one-bedroom lofted structure with a peaked roof and that lap pool that they could jump in just by opening the back door. The giant pivot door that swings open to the small pool, for instance, took Mr. Miller, three of their friends and a contractor to install.Mr. Miller seemed to be on to something. The peaked roof, negative space and glass windows, like hefty fragments of a geometric puzzle made what is essentially a one-room, tiny house feel more spacious. And they kept it bare: “When you’re going from one location to the next, you’re always bringing this stuff with you, and you don’t want to be surrounded by stuff. You just want to be in a place that’s welcoming and clean.” That made it easy when they decided to rent it out through online booking sites.One of their frequent renters was Tina Roth-Eisenberg, the designer best known for her blog Swiss Miss. Ms. Roth-Eisenberg started posting pictures of Maitopia to her social accounts whenever she rented it, stunned by the creativity and attention to detail. In an Instagram post dated Nov. 12, 2021, she wrote, “I’ll never forget the moment when we entered the driveway, in spring of 2016. There she was, this modern, tiny beauty. As we got out of the car my daughter noticed the Swiss cross” on the shed “and jokingly said, ‘This house was waiting for you, mommy!’ It felt like fate, but she later learned that Mr. Miller had hung it there because he enjoyed the graphic appeal of the cross, its clean lines. Ms. Miller had been a fan of Ms. Roth-Eisenberg for years and they soon became friends.By 2020, they had bought the lot across the road and constructed a new home that they called Mailan. They found an eager buyer for Maitopia: Ms. Roth-Eisenberg. Wanting to give an offer in person, Ms. Roth-Eisenberg met the couple in the city with a houseplant and illustrations of Maitopia that her children had made. “It felt like an adoption,” Ms. Roth-Eisenberg said. “Like I adopted this labor of love.” MailanAs a child growing up in Ohio, Ms. Miller had seen a glass house and told her mother she wanted to live in one just like it. Mr. Miller had always been obsessed with the glass house that the architect Philip Johnson had constructed in New Canaan, Conn., which seemed to rise out of the grass, equal parts stately and understated.Mr. Miller’s creation was smaller, but it was grander than Maitopia with two bedrooms, two full baths, plus an open living room area with wood floors and wood slat paneling along the exterior. She relished the view that was the wood-burning stove looking out onto the pool, and the woods beyond it. Those woods contained “fun little elements,” Ms. Miller said, “like the treehouse that Heath and his son, McKenzie, had built. Heath was a creative. He had to always create or else he’d get restless.” The Salt BoxGreenport on the North Fork of Long Island was a different vibe, neither woods nor straight beach, neither rural or suburban. The Millers had vacationed in Mattituck, a quick drive from the house in Greenport they’d eventually move to, and was recommended to them by family friends who had vacationed there. Unlike Maitopia and Mailan, which they built from scratch, the Salt Box had been standing since the 1830s on a decently busy intersection where the Main Road meets Rt. 48, or what’s locally called the North Road. The Salt Box’s age, nearly 200 years old, and its shaker-style minimalism are what first attracted the couple. The wide-plank floors were originally part of the home, some of them over a foot wide, as was the impressive Dutch colonial style entrance with its stalwart trim. When it came to the renovation, which began in April 2021 and was completed later that November, the Millers wanted to pay homage to the architect who built it, though they didn’t know who that was. The important thing was that it exemplified simplicity and coziness, while permitting the modern theme that the couple had grown to love. They moved the kitchen from where the second bedroom downstairs currently stands, to the living room, incorporating the wood fireplace, while making the second room downstairs a library/study, replete with two high back chairs, a gas fireplace and built-in shelves that Mr. Miller constructed. “It was our dog Rufus’ favorite room. At night, when she slept in there, we’d put the fireplace on low and keep her comfortable whenever it was cold,” Ms. Miller said. It was one of her favorite rooms, too. “All the homes we built had an intimate vibe to them,” Sarah-Mai said. “Heath was an extrovert and I’m an introvert, and our home was a space that felt like ours. If we did entertain, the space lent itself to smaller groups.”But it was mostly just the two of them, plus Rufus, cooking meals, playing chess or cozying up by the fireplace. When they ventured out together, they enjoyed riding around the island. Mr. Miller was out with his friend, William Price, whom he didn’t get to see often. Mr. Miller wanted to show off some of his favorite spots, and Ms. Miller stayed home to give them space and time to catch up. Mr. Price, who was a passenger in Mr. Miller’s Tesla, died, as did Peter Smith and Patricia O’Neill, passengers in a 2020 Ford Explorer.Before Mr. Miller died, he and his wife talked about where to move next. They considered Charleston, after enjoying a two-month road trip down south when they were closing on the salt box. Ms. Miller is now thinking about Paris or staying put in Ohio or settling into her apartment in New York City. “I’m still learning not to get attached to things,” she said, remembering how she and her husband went from project to project. (She also lost Rufus, who was eight years old, in December.) “At that time, we said, ‘We need to keep going. We need to keep moving. We were collecting houses and memories.’”Recently, she bought a saltbox-style home 20 minutes from her parents’ place in Ohio. She is about to start renovations. [ad_2] Source link

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thelesliekoppgroup · 9 months ago

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The Leslie Kopp Group is your go-to real estate agency when it comes to finding the perfect home in the serene neighborhood of Swann Cove, Selbyville, DE. With an unparalleled dedication to customer satisfaction and a deep understanding of the local real estate market, The Leslie Kopp Group stands out as a reliable partner in your home buying journey. Call us at (302) 541–5207 for more information about homes for sale in swann cove Selbyville DE or visit our website.

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lj-realties · 2 years ago

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Real Estate in West Island

Real estate in West Island is dynamic and constantly changing, and to find Identity property in this city, you need a professional real estate agency such as LJ Immobilier. We have an in-depth knowledge of the real estate market in West Island and its surroundings, which allows us to provide our site visitors with the best advice for their real estate investment. We offer a great selection of properties for sale and for rent, ranging from small apartments to luxury properties and spacious townhouses. We provide personalized service to each customer to ensure a successful buying or property experience, guiding them through the entire process, from initial research to closing the sale or sale. Contact us now to learn more about real estate in the West Island and to start your property search.

#Propriété à louer à West Island

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gardenshomemanagement · 2 years ago

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Palm Beach Property Management Of Delray Beach, Fl, Earns Accreditation From The Nhwa!

The company is owned and operated by Danny Schwab, who has been in the real property business for more than 20 years. Some of the agency's providers include evictions, tenant screening, property maintenance, and property inspections. It additionally provides various management plans for properties similar private home management palm beach gardens to residences, condos, and multi-family complexes. Are you in search of an expert property management company to supervise your home, apartment, house constructing, industrial property or community association?

We specialize within the leasing and management of rental properties situated in Northern & Central Palm Beach County, Florida. We service the cities of Juno Beach, Jupiter, North Palm Beach, Palm Beach Gardens, Singer Island, Tequesta & West Palm Beach. In addition to property management, we also supply Home Watch, Leasing, and Tenant Placement services. At Jilsa Management we're very happy with the management providers we offer, and we imagine that when you talk to a Jilsa property manager you home property management palm beach gardens are getting a few of the best services in the actual estate trade. Our property management services are comprehensive, masking every thing from the management of the leasing guarantee to how to create a pet guarantee. Whether it's residential, business, or high-rise, we provide full service property management to some of Florida's most prestigious communities.

Our team is made up of journey fanatics and vacation rental specialists who are passionate about serving to folks have the absolute best vacation expertise whereas in Palm Beach County, FL. We provide all our residents with online portals permitting them to pay their rent, submit upkeep requests, or view and replace their particulars from their phones. We believe this could be a great way of maintaining in touch with our residents while palm beach gardens home management enhancing the service we provide Florida landlords. Housekeeping, maintenance prices and any other charges, corresponding to licensing are shown on the monthly statements and paid for owners. If for any purpose you wish to discontinue your service with us, you'll have the ability to cancel your settlement at any time with no penalties. With its in-house maintenance employees, CPM can complete handyman objects quickly at an inexpensive value.

Prepare a management plan and utilize it as guidance and to set the right expectations with the board. Our Condominium Association and Commercial Property groups additionally provide advancement in their subject. They are constantly on the edge of innovation in phrases of generating options and ideas complete home management palm beach gardens for Condominium Associations. They stay up-to-date on the status of ever-changing laws, in addition to the procedures and requirements of those governing documents. Thank you for visiting our web site and please bookmark it and use it as your information for everything we now have to supply.

It begins with finding the right tenants for your property. We then manage your property, gather hire, and make sure it's well maintained. Displayed caregivers have had lively Care.com profiles throughout the final comprehensive home management palm beach gardens 60 months but could not have present active accounts or background checks. Results are illustrative only and should not replicate current availability. Care.com members have entry to active, background checked providers.

Whether you wish to discover a new place to stay or need a rental filled, when you are with Crane Reed, you might be home. Ms. Russo transitioned into the property management industry in 1999 when she joined Miami Management. Her energetic character has helped her turn out to be the High-Rise Division Manager. Her present property home management palm beach gardens obligations include supervising the High-Rise Division on-site management offices, overseeing one hundred fifty five staff, as well as marketing, sales, and association transition services.

His curiosity within the bigger estate management world led him to hitch Island Home & Estate Management the place he's liable for overseeing the upkeep crews and helping guarantee consumer satisfaction. In his spare time he enjoys spending time with his household outside and at the beach. Our unique, individualized method is rooted in our need to preserve the beauty and integrity of each home, whereas creating a stress-free resort expertise snowbird home management palm beach gardens for our purchasers. Thanks to our in depth network of distributors and home-care professionals, we will proudly provide comprehensive property management from owner representation to concierge services. Miami Management has a history of excellence in phrases of serving their prospects. We haven't only met the wants of our purchasers, but have additionally created services that fulfill our purchasers' preferences.

#Home Management - Palm Beach

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myconsultantcanda · 2 years ago

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The Rural and Northern Immigration Pilot (RNIP) Program

ECONOMIC CLASS•

FEB 07, 2020

•

BY: DONALD CURRY [CICC ID: R535613]

(RNIP) continues the federal government’s strategy of granting more control over immigration to provinces and municipalities, inspired by the success of the Atlantic Immigration Pilot.

The Atlantic Immigration Pilot, which includes Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador launched in March 2017 as a three-year pilot. It has since been extended to December 2021.

The Pilot spurred the federal government to hear out MPs and advocates like myself who argued that what is good for Atlantic Canada should also be good for Northern Ontario. The two regions have much in common: the cities are smaller, spread out and are not attracting newcomers in large numbers; employers complain they can’t find people with the skills they need. Based on this feedback, Ahmed Hussen, the Minister of Immigration at the time, helped move RNIP forward.

RNIP started with a call for communities to express their interest in participating. In June 2019, Minister Hussen announced that 11 communities had been accepted. The communities included Sudbury, Thunder Bay, Sault Ste. Marie, North Bay and Timmins in northern Ontario; Brandon and Altona/Rhineland in Manitoba; Moose Jaw in Saskatchewan; Claresholm in Alberta; Vernon and West Kootenay (Trail, Castlegar, Rossland and Nelson) in British Columbia.

What do these communities have to offer?

• A lower stress lifestyle without lengthy commutes

• Much more affordable real estate

• Well-paying jobs for those with the right skills

• Good schools

• Quick access to nature

• Friendly and welcoming residents

Everything is a five to ten-minute drive away—work, lakes or rivers, downtown, shopping malls, colleges, universities, immigrant settlement agencies, golf courses, soccer fields, libraries and so on.

Speaking for myself, I have lived in Canada’s large cities—Toronto, Vancouver and Ottawa. They are great. However, life is better in smaller cities in my opinion. I moved to North Bay in 1978 and I don’t want to leave. In fact, not all immigrants come from large cities in their native countries. These people may enjoy living in Canada’s smaller centres.

Who can apply?

To be eligible for the pilot, candidates must intend to settle in the community and meet all relevant requirements such as work experience, language, education and so on.

They must have at least one year of continuous work experience in the past three years or have graduated from a publicly funded post-secondary institution in the recommending community. Volunteer work, unpaid internships and self-employment hours do not count. Work experience claimed by the candidates must include most of the main duties and all the essential duties in the occupation in the National Occupation Classification (NOC).

International students are exempt from the work experience criterion if they have a two-year or greater credential from a post-secondary institution. Other requirements include having studied full-time, graduated in the past 18 months or fewer and lived in the community for at least 16 of the last 24 months during their study. Candidates are not eligible to apply as an international student if over half their program was spent studying English or French, half of their program was through distant learning or they were recipients of a scholarship or fellowship that required their return to the home country.

The minimum language requirements are Canadian Language Benchmark (CLB) 6 for NOC 0 and A; CLB 5 for NOC B; and CLB 4 for NOC C and D.

It is mandatory for candidates to have a Canadian high school diploma or an Educational Credential Assessment report less than five years old showing the equivalent education.

Other than those who are already working legally in Canada when applying, Candidates must demonstrate they have enough funds to support themselves and their family members while they get settled. Candidates must obtain a job offer from the participating community, which is permanent, full-time and non-seasonal with a wage meeting or exceeding the Job Bank’s minimum wage for the NOC. The candidates' experience must show they have the qualifications for the job.

Each community will detail their additional requirements on their websites.

Which communities are ready?

At the time of writing, Sault Ste. Marie, Thunder Bay, Brandon and Altona/Rhineland are accepting applications on their websites. The others will be coming soon, and each will have its own methodology.

North Bay, for instance, is coordinated by the North Bay & District Chamber of Commerce with community partners. Coordinator Patricia Carr, announced on January 3, 2020 that the Chamber would begin by inviting only candidates already working in the area who meet all IRCC and community requirements. She said there was a potential of 20 applicants in that category and she didn’t not know how many meet the requirements. By March or April, applications will be opened to those residing outside the North Bay area, or outside Canada, and move toward the maximum target of 100 by posting jobs and matching NOC codes. The original first-year target was 250 principal applicants and their families, but the IRCC lowered this number.

How to apply

To apply, foreign nationals should read the Instruction Guide (https://www.canada.ca/en/immigration-refugees-citizenship/services/application/application-forms-guides/guide-0118-rural-northern-immigration.html) to first determine their eligibility and then follow the instructions step by step if they are eligible. There are forms to complete for the applicant, the employer and the designated economic development organization in the participating municipality.

Two things for the applicants to note. First, as IRCC staff said in their North Bay training session, this program will not likely be a faster route to permanent residence than existing economic immigration programs. Second, if a foreign national doesn't qualify for the pilot, they still have an opportunity to move to these communities under existing federal and provincial immigration programs.

As for the communities, note that the federal government describes the pilot as a “community-driven program designed to spread the benefits of economic immigration to smaller communities by creating a path to permanent residence for skilled foreign workers who want to work and live in one of the participating communities.” That means the program will not be evaluated on the number of people who come to the community, but by the number of people who stay. Therefore, creating a welcoming community with settlement agencies and other community partners will be a key to success for the communities.

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landmarkfinancialgroup · 3 years ago

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Why should you invest in real estate in Canada?

Buying a house or commercial space in Canada can be very beneficial for you if you understand their laws properly. To begin with, ownership of property in Canada does not need residency or citizenship. However, if you want to stay in Canada permanently, you must complete immigration requirements first. Annual tax reports are required by the CRA for non-Canadian owners of rental property in Canada (CRA).

Property Taxes

First, $200,000 is taxed at one percent, while the rest is taxed at two percent when purchasing a home in the province of Quebec. First-time homebuyers in Canada may be exempt from this program. Annual property taxes based on market value are also levied by municipalities. Schools are included in municipal levies. The data on a property's tax bill is widely available. A portion of your GST can be refunded if you're moving into a newly constructed or builder-renovated house for sale west island Montreal or in any other location. GST does not apply to resale properties.

Rental Property Taxes

Canada's Income Tax Act mandates that all rental income be taxed at a rate of 25 percent per year. Filling out Form NR6 allows non-residents to deduct 25% of their net rental revenue (after expenses). If the rental property is losing money, you can deduct the losses from your taxes. If you're a co-owner or a partner, the tax treatment of your rental or company revenue will differ. The operational and capital costs of renting a property are tax-deductible expenses. The latter option is more advantageous. Rental income cannot be reduced by the expense of renting furniture or equipment. Expenses for products that depreciate can be subtracted over time. Allowance for future costs of capital (CCA).

It is possible to deduct investment property taxes and the interest paid on mortgages, bank loans, and credit lines in Canada.

Putting commercial, residential, or Industrial real estate for sale Pointe-Claire

Non-Canadians who sell Canadian real estate face a 50% withholding tax. Those who make a profit from their investments must notify the Internal Revenue Service (IRS). A foreign tax credit can be claimed if the gain was taxed in Canada. CRA clearance certificates are required for non-residents selling Canadian property. With no proof of residency, a buyer could be held accountable for any unpaid taxes by the Canadian Revenue Agency (CRA).

If the home is your principal residence and you're a Canadian resident, you won't be subject to capital gains tax. It doesn't matter where you live, as long as it's where you spend most of your time. 3 For those who prefer a cottage or mobile home, this is an option. Each family is allowed to have only one principal residence at a time. Consequences follow from this need. As a result, you must decide which of your properties to categorize as your primary residence based on the number of capital gains. You may also consult with specific brokers in areas such as Montreal commercial real estate brokers.

Prorate capital gains if the property was not your primary residence for the whole time that you owned it. Taxable capital gains may result from moving from a rental to a primary residence. It is possible to delay this gain until the sale of the property.

Taxes on capital gains accrue when you leave Canada with appreciated Canadian assets. When a non-resident property owner dies or transfers property to a firm or a relative, this "deemed disposition" may also apply, even if no money is transferred.

Home equity

If you have equity in your Canadian home, you could benefit from a reverse mortgage or an equity line of credit (HELOC). If you're 55 or older, you can get up to 55% of your home's market value with a reverse mortgage. Tax-free and non-returnable. Long-term ownership of a home is an option for those who have saved their money and invested it wisely. Upon the death of the homeowner, or the sale of the property, the loan is paid back. 5

There is a second mortgage on your home that is used to secure your HELOCs. There is no penalty for paying down the principal at any time. However, lines of credit have a lower interest rate than unsecured loans, but higher interest rates than mortgages.

In general, property laws in Canada are fairly lax. Non-Canadian citizens can deduct property taxes and interest payments from their taxable income. Owning, inhabiting, renting, and selling property all have tax implications that should be understood before making an investment.

Source By: https://landmarkrealties12.blogspot.com/2022/06/why-should-you-invest-in-real-estate-in.html

#real estate in Canada

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