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Thank you to Carlos Fuentes, all of the attendees, the Pinellas Realtor Affiliates and Pinellas Realtor Organization for a great CIPS Americas course yesterday! The course was packed with a tremendous amount of useful information for anyone planning to conduct Real Estate business in Canada, Mexico, Central and South America. Carlos not only teaches the class but also adds so much personal experience. Historical and cultural influences, regional relationship, and investment opportunities were covered along with a special focus on Mexico.

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CIPS Americas June 15, 2018 Carlos Fuentes

 

The Certified International Property Specialist (CIPS) course on the Americas offers you practical information on working with Caribbean, North, Central and South American investors.  Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.

SCHEDULE:
8:00 a.m. to 8:30 a.m.: Sign-in, networking, and breakfast
8:30 a.m. to 5:00 p.m.: Course, Light breakfast and lunch will be provided.

Seating is limited and registration is required. You MUST register in advance. Earn 7 hours of CE credit while gaining invaluable knowledge.

***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.

Our second is event is our monthly International Marketing Session. Seating is limited so you MUST register in advance. Thank you.

Tampa area’s first-ever Certified Commercial Investment Member (CCIM) Global Real Estate Symposium on July 10, 2018 at the Hilton Garden Inn Tampa Suncoast Pkwy in Lutz!

Anyone who has an interest in investment real estate, particularly learning the current appetites of international buyers, is encouraged to attend.  Participants will learn why those “in the know” expect international buying activity to continue to increase and these attendees will become versed on how to overcome unique challenges when working with international investors.

We have a great line up of speakers you won’t want to miss! Through the end of today, the rate for attendees, is $45 for the all day event, including food. It goes up to $65 after that.

Feel free to send this link to anyone who may want to attend: https://www.flccim.com/events/west-coast-district-global-commercial-real-estate-symposium

 

 

Bordeaux Trade Mission meeting this Friday May 11th in the Conference room at Coastal Properties Group office, 437 High Street. Dunedin: 12-1.30 pm. We will have Bordeaux wine and strawberries. See you there. Please text RSVP to Marina Kloppel 858-382-7499.

 

 

Expand your knowledge globally.

The CIPS course curriculum offers you hands-on experience with international real estate transactions, as well as five full days of study focusing on the critical aspects of transnational transactions, including: Currency and exchange rate issues, Cross-cultural relationships, Regional market conditions, Investment performance, Tax issues And more! Plus, after obtaining your designation, you gain access to networking throughout the world for referrals.

To be eligible for the CIPS Designation, you must complete 5 courses as outlined below. The designation application must be submitted within 3 years of beginning your courses. Any courses completed more than 3 years prior to the submission of your application must be retaken to receive credit towards the education requirement of the designation.

Please join the Pinellas International Council for one or all of the info packed classes. Register on Pinellas Realtor Organization site: https://pinellasrealtor.org/education-and-events-calendar/

 

CIPS Courses 2018

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

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.

Copyright © 2017, Bizcommunity.com. Provided by SyndiGate Media Inc. (Syndigate.info). All rights reserved.

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.

 

 

Annalisa Weller, Realtor®, Certified International Property Specialist

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