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Do you want to be a step above your competition? Then join us on Friday, February 16th, 2018 from 9-12:30 to learn new and important data that will help you grow your international business in 2018. You will hear from:

Brad O’Connor, PhD, Chief Economist for Florida REALTORS®

Dr. O’Connor will help you make sense of how home sales and home values will respond to the nationwide housing shortage, recent hurricanes, federal tax reform, changes in global economics and much more!

David Nixon, Business Development Director, Currencies Direct

David will show you how to use foreign exchange rates to your advantage to attract new buyers & sellers, while saving them money.

Bill Risser, VP Digital Strategy, Fidelity National Title

“Cyber Security and Wire Fraud in Real Estate”  Bill will look at the latest tactics used to commit wire fraud & key strategies to nearly eliminate wire fraud in our industry.
REGISTRATION:
PIC Members ($10):
Click here to register.

PRO Members ($12):
Click here to register.

Non PRO Members ($15):
Click here to register.

Contact: Jan Dean or Angela Emerson
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

 

Feb 16th 2018 event

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Do you want to learn about the real estate business in the Dominican Republic?

Then don’t miss this great opportunity to learn from Larissa Ortiz about the Dominican Republic & opening doors to new real estate possibilities!

Larissa Ortiz, NAR President’s Liaison for The Dominican Republic, 2015-2018, will be here in person to give you the latest info. Be prepared-she is full of energy & will get you so excited about the Dominican Republic!!

Reserve your seat for our international marketing session and network with those who view the world as their market.

Although this opportunity is FREE for you, you must reserve your seat. REGISTRATION:https://www.calendarwiz.com/calendars/popup.php…

Wed, Jan 17, 2018  3:00pm – 4:30pm at Pinellas REALTOR Organization

 

Make sure to register today.

 

Larissa Ortiz International Marketing 1-2018

Excellent list but I would add that one also needs a currency exchanger, who can save you quite a bit in fees and rates, locking in the rates for months and an immigration attorney who has knowledge of VISAs and the most up-to-date laws.

NEW YORK – If you’re going to purchase foreign property to grow your wealth, the U.S. is one of the easiest and most profitable places to purchase your investments.

If you’re a U.S. citizen living abroad, your financing options will be different than if you’re a foreign national looking to buy U.S. property. However, the process for buying property will be the same.

Here’s a list of the most important considerations to make prior to jumping in:

1. Know your rent market, not just home prices

Even if it takes you several years to see capital growth, investing in U.S. property (in certain areas) can be more lucrative than other countries – like Australia, for example.

Using Australia as an example, your returns have the potential to be greater when you buy in affordable U.S. markets like Texas and Arizona. You’ll pay more for a two-bedroom apartment in Australia than you will for a four-bedroom home in Texas, and the rents will be comparable.

It’s possible for both a $260,000 property in Australia and a $100,000 property in Texas to command the same monthly rent. If each market commands $1,000/month rent, the U.S. house is going to be the better investment.

Don’t assume you can charge higher rent just because you paid more for a property.

2. Know when to buy and sell

In the U.S., spring is the best time to sell a house. Houston property management company Green Residential discusses a recent study performed by Zillow that proves this. The study revealed homes sell three weeks faster, and for more than the asking price. This means April to May might not be the best time to buy. You’ll be competing against multiple buyers, and you’ll end up paying more.

The same data showed November through January are the worst times to sell, likely due to cold weather and funds being allocated for the holidays. If you find your dream investment home during the winter, you’ll probably get a better deal since the market won’t be flooded with buyers.

3. Do you have a structured entity?

To purchase U.S. property as a foreign national, you need a valid U.S. entity like an LLC or corporation. This structure determines your tax obligations as it relates to your property. Doing this wrong can result in severe tax penalties. To understand this in depth, read a detailed explanation of how foreign investors are affected by taxes when purchasing a U.S. property.

4. Do you have a U.S. bank account?

To own property in the U.S., you’ll also need to open an American bank account in person. There is no way to do this through email or by notarizing documents and mailing them in. Your physical presence is required.

5. Do you have a good interest rate on your loan?

If you’re not a U.S. citizen, you can’t take out a traditional mortgage. Unless you’re paying in cash, you’ll need to obtain funding from private lenders.

Private financing requires a larger downpayment (sometimes as high as 50 percent), and comes with higher interest rates. For instance, if the home you’re buying costs $100,000 you might need to pay between $30,000 to $50,000 in cash. A traditional mortgage might only require a downpayment of $10,000 to $20,000.

Sometimes adjustable interest rates can start off great and become burdensome. As a non-U.S. citizen, you’re already going to pay a higher interest rate, so you want to start with the lowest rate possible. If you can’t avoid an increasing interest rate, at least minimize the amount.

6. Do you have a property manager?

When you buy foreign property, you need someone to manage it for you – like a property management company will. They’ll handle everything from tenant screening to collecting rent and even managing maintenance needs.

If you’re not living close by, you need to have a local team working on your behalf. Hiring a professional property management company means you don’t have to hire multiple individuals, manage them, and hope they’ll do it right.

7. Do you have a tax professional?

Your taxes will get a bit more complex when you invest in foreign property, but it’s nothing a tax professional can’t handle. It just means you’ll need to pay for someone to do your taxes for you.

No matter where you buy property, you’ll be governed by tax rules and other regulations. Don’t rule out foreign investments just because it looks complicated. You’ll always have to play by the rules no matter where you buy property. Choose the investments that offer the largest returns, and don’t be afraid of learning as you go. The best investments require some aspect of risk, and the rewards are well worth it.

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Carlos Fuentes, of Namaste Realty from the Tampa Bay area, discusses global commercial real estate, what you can learn via CIPS, U.S. international investment expectations, and benefits of joining a local global counsel.

Carlos NAR Commercial-CIPS interview

http://www.narconferencelive.com/2017/11/07/global-commercial-real-estate-overview-nar/?sf169957080=1

On October 18th the Pinellas International Council held it’s monthly International Marketing Session with Martha Vasquez presenting on Canada. Martha shared how to connect with and do referrals with Canadian realtors, helpful websites, and much more in the hour long presentation. We had a great turnout. Thanks to our speaker, the Pinellas Realtor Affiliates and all those who attended this very informative presentation.

 

 

 

From the National Association of REALTORS® Commercial and Global Services:
“Your association’s Global Business Council has been named a Platinum Council in the 2017 Global Achievement Program. Reaching the Platinum award level places you in the top 11% of councils operating nationwide. Your council contributed to raising members’ awareness of global business in your local market. Your council has demonstrated the utmost commitment to helping members capture their share of the global real estate market in the United States, in addition to connecting your council and members to the global community in your area.”
We, the Pinellas International Council board would like to thank NAR, the Pinellas REALTOR® Organization (PRO), the Pinellas Realtor Affiliates, and all of the members of the Pinellas International Council for making this recognition possible!! Thank you all so much!! We will do our best to continue bringing Global education and events to our members.
2017-NAR-Global-Platinum (1) - Copy

Please join the Pinellas International Council on September 20, 2017 for our International Marketing Session and Technology Tips for working with International buyers and sellers. It is FREE but you must register first. We want to make sure we have enough chairs, wine & appetizers. Hope to see you there!

TechTips 09 2017

Tue, Sept 19, 2017 9:00am – 12:00pm

Brought to you by the Pinellas International Council, this is a morning packed with information given by 3 long-time accomplished REALTORS® working in the commercial/international market. All you need to know – from marketing properties to how to mingle and behave with international clients, selling and buying commercial properties for international clients in the USA, and finding, marketing, selling properties globally – what you need to do, what you need to know.

Commercial 9 2017

You’ll hear from:
Carlos Fuentes – “Commercial Real Estate in the Global Market”
* Local market appeal
* Global presence
* Due diligence items
* CAP rate determination
* How to position yourself

Tina Eloian – “International Real Estate”
* Taipei, Taiwan culture, customs, and traditions
* Taiwanese business etiquette – CCIM Commercial Foundations class
* Business owners, investors and brokers
* CCIM Pitch Session
* Bankers, investors, brokers
* Real estate in Taiwan vs. real estate in the US

Rob Barber – “Marketing Worldwide”
* Personal brand for global
* Attention is all that matters
* Why video is a must

SCHEDULE:  Tue, Sept 19, 2017 9:00am – 12:00pm
8:30 a.m. to 9:00 a.m.: Sign-in, networking, and continental breakfast
9:00 a.m. to noon: Presentations

REGISTRATION:
Pinellas International Council (PIC) Members ($10):
Click here to register.

PRO Members ($15):
Click here to register.

Non-PRO Members ($15):
Click here to register.
PInellas Realtor Organization, 4590 Ulmerton Road, Clearwater Florida

Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

Please join the Pinellas International Council on September 19, 2017 to learn about the international client investing in the US, and how to partner with commercial professionals to grow your international business.

Three highly respected international commercial real estate professionals will share their insights and expertise while keeping the International buyer and seller in mind.  We welcome the return of Carlos Fuentes and Rob Barber, who both have given us invaluable commercial information in past years and are looking forward to having Tina Eloian join them. All three of these speakers have their CCIM. 

CCIM stands for Certified Commercial Investment Member. Members must have completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry. CCIM designees are recognized as leading experts in commercial investment real estate.

You must register in advance for this event. Thank you.

Tuesday, September 19, 2017 9 am-12 noon at Pinellas Realtor Organization, 4590 Ulmerton Road, Clearwater, Florida

Please register on PinellasRealtor.org, Education and Events Calendar.

http://pinellasrealtor.org/education-and-events-calendar/

 

Go Global with Commercial Sept 19 2017

Pinellas International Council Marketing & Networking Session is thrilled to have Macarena Rose return once again to speak on living in & purchasing real estate in Belize on Wednesday, July 19, 2017 3:00 – 4:30 pm!!

 

 

Thank you, Macarena Rose, for sharing your time and incredible knowledge with us. She is very vivacious and makes learning so much fun!

Macarena is the owner of Rainforest Realty in Belize, developing it into one of the leading real estate agencies in Central America. She remains a vital presence in the Central America real estate industry, maintaining an ongoing leadership role. She has a busy schedule that includes creating the International radio shows “Belize Talk Radio” ,  “International Real Estate Talk” and her newest show “Tuesdays with Morey Tax Tips“, filming her 6th HGTV House Hunters International program in Belize, speaking as an International Real Estate Consultant in various forums and serving on the board of many community organizations in Belize.

Macarena’s latest adventures includes the first Belize filming of HGTV’s Show called Off the Grid and has filmed 6 other episodes for HGTV House Hunters International in Belize!

Additionally she is now the Operating Principle of Keller Williams Belize.

An inspiration as to how to live a fulfilled life…her motto is – Throw Your Hat Over the Wall, Don’t Look Back & Just Do!

Although this opportunity is FREE for you, you must register due limited space, snacks & wine.


Click here to register. 

http://pinellasrealtor.org/education-and-events-calendar/

Contact: Martha Vasquez
Email: martha@marthavasquez.com

Pinellas REALTOR Organization
4590 Ulmerton Road, Clearwater FL 33762

 

 

Annalisa Weller, Realtor®, Certified International Property Specialist

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