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Please join the Pinellas International Council Friday, July 21st for the Certified International Property Specialist course, Asia/Pacific and International Real Estate. This informative course is being taught by Jorge L. Cantero, Realtor®.

 

Friday, Jul 21, 2017 8:30am – 5:00pm at Pinellas Realtor Board, 4590 Ulmerton,Road, Clearwater, Florida.

This course offers you practical information on working with Asian/Pacific buyers and investors.  Historical and cultural influences, regional relationship, and investment opportunities are also covered.

In this new world of globalized business, we are in contact with people from Australia, China, Indonesia, Japan, Taiwan, Korea and the Philippines. Their economies count on countries of the Americas and the Pacific Rim to provide access for their goods to our markets.  We count on them to supply us with quality merchandise at reasonable prices and providing new markets for the products of the Americas. One such product is real estate.This course provides information, insights and skills for working with Asian investors seeking overseas properties and for investors from the Americas seeking investments in Asia.

SPEAKER: Jorge L. Cantero  CIPS, CRB, CRS, GRI    20678_100139880023748_5432507_n(3)

Jorge is licensed in real estate in Florida since 1985, and previously a recipient of a New York State Broker’s License. Mr. Cantero’s international experience prior to that was a result of being involved in the chemical industry with a series of multinational companies, and having extensively traveled in Europe, Latin America and Asia.  Mr. Cantero’s specializations include residential resales, marketing of foreclosures; and in particular serving inbound international investors and residential real estate exchangers.  Mr. Cantero is a Past President of the Residential Association of the Miami Association of REALTOR®, and was the recipient of the Association’s Educational Award in 1994, and of the REALTOR® of the Year Award for 1995. Furthermore, he is a member and director of numerous committees of the Miami Association, Florida Association and National Association of REALTORS®.

In addition to having earned the designations of Certified International Property Specialist (CIPS), Certified Real Estate Brokerage Manager (CRB), Certified Residential Specialist (CRS), and Graduate, REALTOR® Institute (GRI), Mr. Cantero holds a Master Degree in Chemical Engineering from New York University (NYU), 1972.

This course counts towards the CIPS designation. Click here for more information about the CIPS designation.
Upon successful completion of this course, a real estate professional will be able to:
• Discuss the social, economic, political, and geographical characteristics of major countries in the Asia/Pacific region.
• Identify important characteristics of the real estate market in certain Asia/Pacific markets, including influential laws and real estate and brokerage practices.
• Evaluate opportunities in certain Asian markets by analyzing significant investment patterns, investor profiles and real estate activity.
• Discuss ways to develop a business network to start or enhance an international practice with Asian clients or properties.
• Discuss techniques to promote properties, markets, and professional services.

SCHEDULE:
7:30 a.m. to 8:00 a.m.: Sign-in, networking, and breakfast
8:00 a.m. to 5:30 p.m.: Course

Light breakfast and lunch will be provided.

Seating is limited and registration is required at LEAST 24 HOURS prior. 

REGISTRATION:
PRO Members ($95):
Click here to register.

Non-PRO Members ($95):
Click here to register.

***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.

Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004
Pinellas REALTOR Organization
4590 Ulmerton Road
Clearwater FL 33762

Pinellas International Council 6th Annual Global Symposium-Thank you to David Bennett CEO of PRO, John-Paul Mario Chair of the PRO Business Affiliates, Susan Inez-Poskus CPA from Roberge Poskus, Maria Grulich from Florida Realtors, Bill Risser, VP of Digital Strategy from Fidelity National Title, Don Gonzalez Attorney, Carlos Fuentes NAR instructor, the nearly 100 attendees and all of the PRO Affiliates who sponsored this informative event. Thank you all for making this such great day!!

PIC logo   PIC Platinium logo

The Pinellas International Council will be holding the Asia/Pacific and International Real Estate course on Thursday, June 16th, 2016 from 8am to 5pm at the Pinellas Realtor Organization building in Clearwater, Florida.

In this new world of globalized business, we are in contact with people from Australia, China, Indonesia, Japan, Taiwan, Korea and the Philippines. Their economies count on countries of the Americas and the Pacific Rim to provide access for their goods to our markets.  We count on them to supply us with quality merchandise at reasonable prices and providing new markets for the products of the Americas. One such product is real estate. This course provides information, insights and skills for working with Asian investors seeking overseas properties and for investors from the Americas seeking investments in Asia.

Upon successful completion of this course, a real estate professional will be able to:
• Discuss the social, economic, political, and geographical characteristics of major countries in the Asia/Pacific region.
• Identify important characteristics of the real estate market in certain Asia/Pacific markets, including influential laws and real estate and brokerage practices.
• Evaluate opportunities in certain Asian markets by analyzing significant investment patterns, investor profiles and real estate activity.
• Discuss ways to develop a business network to start or enhance an international practice with Asian clients or properties.
• Discuss techniques to promote properties, markets, and professional services.

SPEAKER: Carlos Fuentes

Mr. Fuentes has been involved in commercial and international real estate for the last 25 years, having earned the CCIM (Commercial R.E. Specialist), CIPS (International R.E. Specialist) and TRC (Transnational Referrals Certification) designations. His activities have included land acquisition and site development, office, retail, industrial and second home resort properties in the Caribbean, Latin America and the U.S. Contract and financing negotiations, market and investment analysis are all areas in which he has gained valuable experience. He has successfully completed a significant number of 1031 Exchanges.

Carlos has published articles in several national and international magazines and been a presenter at both national and international seminars and panels. He is a member of the NAR Speaker Cadre, a Certified CIPS and TRC Instructor as well as a Federal Court Certified Interpreter (English/Spanish).

He served as 2011 NAR Executive Committee Liaison to Global, Resort and Second Home Real Estate Group, Regional Coordinator for North America, Central America and the Caribbean, NAR and Florida REALTORS® Director, Past President of My Florida Regional MLS (with 34,000 users) and the Greater Tampa Association of REALTORS®. Mr. Fuentes received the 2003 NAR International Outreach Effort Award and the 2006 NAR President’s Liaison Award. He was the recipient of the 2008 GTAR Deal of the Year Award, recognizing a unique transaction, and named 2009 GTAR REALTOR® of the Year.

SCHEDULE:
7:30 a.m. to 8:00 a.m.: Sign-in, networking, and breakfast
8:00 a.m. to 5:30 p.m.: Course

Light breakfast and lunch will be provided.
Seating is limited and registration is required.
REGISTRATION:
PRO Members ($95):
Click here to register.

 *SCHOLARSHIPS AVAILABLE*
PRO Members – would you like a scholarship to help pay for this course? The REALTOR® Professional Development Scholarship is available for you, courtesy of the Pinellas REALTOR® Foundation and the Affiliate Business Partners of PRO. Click here to learn more and apply. Note: the scholarship does not cover any additional costs associated with obtaining the certification. If you’re interested in the scholarship, REGISTER AND PAY FOR THIS COURSE FIRST, then fill out the application on the webpage linked above. We request that you register and pay for the course first to guarantee your spot since scholarships and seating are limited. If you are awarded, we will issue you a check.

Non-PRO Members ($95)  Click here to register.                                       CIPS logo

***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.

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

Location:Pinellas REALTOR Organization, 4590 Ulmerton Road, Clearwater FL 33762

 

IRAs Put International Real Estate Investments within Reach

The Spanish real estate market, hit hard by the financial crisis, is now what one analyst calls “a two-speed market.” In many locations, prices have bottomed out and are rising, while other areas may still have room to fall further. When you match attractive prices with the growing interest among many Americans in retiring outside of the U.S., you have a promising opportunity for real estate agents.

When I recently met with real estate delegates from Spain, many did not know that Americans can use their tax-advantaged retirement funds to invest in offshore real estate. They had a lot of questions about how to use Real Estate IRAs as a strategy to grow their business. They definitely saw the potential to sell more to their existing client base of American investors.

One of the strategies of particular interest to this group was purchasing the property in the IRA, then taking it as a distribution in the future. Because the IRA account holder cannot live in the IRA-owned property, it is typically rented out, creating an income stream for the IRA. When the account holder reaches retirement age, he or she can take the property as a distribution.

If the property was purchased with a Roth IRA, it can be taken as a distribution all at once without any tax penalties. If it were owned in a Traditional IRA, the account holder would pay taxes on the distributed amount. For example, Entrust clients will often purchase beachfront property, rent it out and take incremental distributions until the property is fully in their name.

There is no reason U.S.-based real estate agents shouldn’t take advantage of this same technique to grow their business and stand out from the competition. The Spanish delegates clearly understood the importance of asking every American investor client, “Do you have an IRA?”  Sometimes, you   need to look no further than your database to find more business opportunity—inside or outside the U.S.

By Jason Craig, President of The Entrust Group   –  http://rismedia.com

For more information, visit www.theentrustgroup.com.

It was a High of 77 degrees Fahrenheit Low of 65 today in the capital of San Jose, Costa Rica. Compared to Tampa Bay today, the high and low was the same. However, my friend Diana moved to Chicago last month and she shared there is a foot of snow on the ground today. Our featured Costa Rica property is Casa Jacobson which has BREATHTAKING 180 degree views of the mountains of Grecia. You’ll feel welcomed and relaxed as soon you open the front door to your permanent oasis or vacation home. Move-in ready, fully furnished, 2015 new construction! Located on a main road, yet the gated entrance to the estate is private and blacktop all the way! The main house is a 2 bedroom, 2 1/2 baths, with a 2 car garage, and a 1 bedroom, 1 bath mother-in-law or caretaker/apartment. Call today to learn more or visit http://Coastal.506.nu to see more properties for your permanent oasis or second home.FeaturedImage_1

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Plus a 20×26 out garage for lawn equipment etc., which can be changed into another small cottage, all services are already installed. The home has a tile roof, top of the line windows with high-end, upgraded security glass. Full underground watering system for the entire property, with a 2500 gal. storage tank and pump, for domestic and irrigation.

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Full alarm, and camera system! Complete solar electrical system! The kitchen is all custom made cabinets, with granite counter tops, top of the line stainless steel GE appliances. The property is completely enclosed, with auto gates, & remarkably landscaped.

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On 3662 square meters of land, or .946 acres, this home is less than 6 months old and has real cable TV, Internet up to 20mbps available, and phone. 10 minutes from Grecia, 1 hour to SJO airport.

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Property is located in Costa Rica Southern Nicoya Peninsula about 5.8 miles northwest of the airport of Tambor, and is 83.376 hectares in size, made up of 60 hectares of improved pasture, 8 hectares of approximately 19 year old teak and 15 hectares of native forest.  The southern Nicoya Peninsula has long been one of Costa Rica’s most secluded gems. From the hilly interior, the mountains sweep down to the Pacific Ocean, creating some of the most pristine and remote beaches in Costa Rica.

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coastProperty is currently used as a working ranch with Braford beef cattle, and ideal for developers, with ease of segregated lots, to build a mountain hotel or cabins, or for people who just want to enjoy the tranquility, the temperature and the amazing views. Property has two natural springs that flow into rivers, one forming a 15 meter (50 foot) waterfall.

Property is serviced with 25,000 liter capacity private water supply, 110/220 single phase electrical service and broadband internet. The two houses are located at the higher end of the property at about 700 meters or 2300 feet Above Sea Level, and are made using cement filled block, with coffered ceilings and almond wood paneling Both house have hot water showers.

House #1 is 260 m2 (2800 ft2) 4 Bedroom & 2 Bathroom house, built in 2005, with full kitchen, living spaces, 10×5 meter swimming pool and infinity view – House1 can be purchased separately with 2929.46 m2 (3/4 acre) of land, for the price of $420,000.
House #2 is 170 m2 (1830 ft2) 2 Bedroom & 2 Bathroom house, built in 2005, with kitchen and living spaces – House2 can be purchased separately with 4179.29 m2 (1 acre +) of land, for the price of $300,000 – The garage between the two houses, has 1 Bedroom with full bath, laundry area and tools.

Estate Ranch – Both Houses plus garage on entire 83.376 hectares (206 acres) – including several natural points to build more houses, and almost all with stunning views of Ballena Bay and the coast to Cabo Blanco Reserve, ALL for the price of $1,300,000.

Bare Land – 80 hectares (200 acres) of fertile Farm / Ranch land with services nearby but no finished improvements on site except access roadway system – with stunning views of Ballena Bay and the coast to Cabo Blanco Reserve, as above – Price for raw land only = $620,000.

Call or go to our website  http://Coastal.506.nu/  to learn more about this ranch estate and others today.

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Call or go to our website  http://Coastal.506.nu/  to learn more about this beautiful coastal property and others today.

House and guest house on adjacent half acre lots on the Pacific Ocean. Each house has separate private septic and well for water. Main house has commercial grade 3 tank septic. High speed internet and U.S. standard electric.

Constructed of concrete, tile, stone, wood, and steel. Modern kitchen, granite counters, Viking stove, large separate frig and freezer. Master bedroom suite upstairs with breath taking view of ocean off large patio. Back yard view of mountains.

Road along the beach dead-ends at each end at the estuary minimizing drive by traffic. Crime is almost non-existent.

Center of 5 mile long beach. Estuary with excellent kayaking through the mangroves at each end of the beach. Excellent fishing, surfing right off the shore. Groceries/town 3 miles away. Mentioned in “The Lonely Planet” Page 301. “Two of the most beautiful and least visited beaches in Costa Rica. Wilderness beaches of fine silver-grey sand. Despite opportunities for great surfing, kayaking and just about anything else you want to do on a sandy strip of paradise, the beaches are nearly always abandoned.” See the property video at https://www.youtube.com/watch?time_continue=142&v=OH19JaCmWDg

Main house can be purchased stand alone for $360K. For the two lots together, $500K.

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Costa Rica is known for its natural beauty, and immense biodiversity as it is for its friendly and happy residents and is a country that is a truly unique place to visit, vacation or live in. Call or go our website  http://www.coastal.506.nu/  to learn more about this beautiful mountain/lake property and others today.

Casa del Lago Azul is a beautiful Luxury 5000sf Estate Home overlooking beautiful Lake Arenal and is on 4 Lots – totaling 6.2 acres constructed in 2013.  *Ideal Spa Resort Retreat Location*

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Luxury Real Estate –  REDUCED AGAIN!!  Foreclosure Sale Price: $829,000  *Cost over $1.5M to build! Offers Welcome

This spectacular home is situated on a beautifully maintained paradise of gardens and waterfalls with over 100 species of flowering plants and colorful native trees

With its breathtaking architecture, spectacular views of Lake Arenal and close proximity to the town of Nuevo Arenal, this private oasis is considered the finest private estate home on Lake Arenal

Casa del Lago Azul, (The House of the Blue Lake) is a remarkable confluence
of architectural design and the natural outdoor beauty of Costa Rica. Newly constructed, the home offers four bedrooms, a media room or exercise room and a private second floor master suite with an adjoining office and a private balcony overlooking Lake Arenal.

Casa del Lago Azul was designed to accommodate a family of two or a family of 10 with the same grace and sense of purpose. Designed to perfection, the house flows seamlessly. A large chef’s kitchen and great room with fireplace along with an adjoining living room flows out to a beautiful terrace overlooking Lake Arenal offering the opportunity to create a romantic dinner for two or entertaining on a grand scale for family and friends.

The property also offers over six acres of manicured gardens, terraced lawns, a large swimming pool, waterfall, natural stream and a variety of fruit trees including orange, grapefruit and lemon trees. The main terrace and the open-air balconies capture unobstructed views of Lake Arenal, as does the pool and gardens on the lower lawns. Private staff quarters and a helicopter-landing site are also on the property. Perhaps most noteworthy is the fact that the property consists of four different segregated parcels, offering the next owner the opportunity to build up to three additional guest houses or private homes on the property, each with commanding views of the lake.

Casa del Lago Azul is perfectly situated overlooking Lake Arenal. The home is ten minutes from the resort town of Nuevo Arenal which offers numerous shops, a large supermarket, a pharmacy and a multitude of fine restaurants. There are several highly rated inns and bed and breakfast accommodations, all within fifteen minutes of the home.

Below is a brief overview of what you might find if you decide to own a vacation or primary home in Costa Rica. The original article is quite long so I’m going to break it up into several distinctive subject posts. Just a taste so you will want more & more…

International Living

 

Costa Rica Beach

 

Join the 20,000 American expats already living
“la pura vida” in Costa Rica

Costa Rica’s fame as a retiree destination is richly deserved. You’ll find the tropics along the Pacific and Caribbean Coasts, while most of the Central Valley is cool and breezy. If you find it difficult to choose which climate you prefer, you will be glad to know that the mild temperatures of the Central Valley are just two hours by car from the tropical beaches of the Pacific Coast.

Expats are attracted to Costa Rica for numerous reasons, which include the low cost of living, excellent health care, modern telecommunications structure, beautiful beaches, rainforests, lush valleys, and cool mountains…not to mention the theaters, art galleries, and fine dining. There are more than 20,000 expats living in Costa Rica and many well-established expat communities.

Tucked between Nicaragua to the north, Panama to the south, the Pacific Ocean to the west, and the Caribbean Sea to the east, Costa Rica may truly have it all: a year-round tropical climate, modern cities, Caribbean beaches, Pacific coastline, rainforests, lush valleys, and mountains.

In March 1997 we took Costa Rica off our recommended list. Twelve years later, in 2009, Costa Rica was back on our list of Top Retirement Havens and remains there still. Yes, after 12 years off our list of affordable opportunities for profit, IL has discovered that there is an unknown—and still affordable—side to one of the world’s most coveted overseas retirement destinations.

Long stretches of deserted and undeveloped beaches on the Caribbean and Pacific Coasts…dense jungles teeming with exotic wildlife…towering volcanoes, lush green valleys, and hundreds of crystal-clear lakes, rivers, streams, and waterfalls…mesmerizing sunrises, sunsets, and star-filled evening skies…all these things, and much more, are drawing people back to Costa Rica.

Whether expats live in this beautiful country full- or part-time, they relish the climate, neighborly atmosphere, low cost of living, excellent health care, stable democracy, and countless ways to have fun. This is a middle-income, developing economy, with a tradition of democracy. The life expectancy at birth here is one of the highest in the world—outstripping both the U.S. and the UK. Tourist facilities are extensive, and because English is a second language for many Costa Ricans, the country feels very visitor-friendly.

In Costa Rica, the good life is called “pura vida.” For those who retire in Costa Rica, pura vida is a daily fact of life in this beautiful, exotic, and surprisingly affordable country.

There are no restrictions on foreign property ownership as such, although no one can own property within 50 meters of the ocean, and for the next 150 meters real estate comes under Maritime Zone laws. These laws permit development only under government “concession.” This means that anyone shopping for property should be doubly cautious about buying oceanfront real estate, including condos. Before entering into a transaction, insist that your attorney verify that the title is legally consistent with Maritime Zone regulations.

by Graham Wood

Morguefile.com

When we speak of international buyers, we’re usually talking about people from other countries who want to invest in U.S. property. But the lines go both ways. There are high-net-worth Americans who want to buy homes in other countries, and they can spell big business for practitioners who are willing to aid them in their global search. But where should they be looking?

Rick Davidson, president and CEO of Century 21, argued at the Asian Real Estate Association of America’s Global & Luxury Summit in Chicago on Monday that because of the dollar’s strength against many other foreign currencies, American buyers can get great deals abroad. But one country stands above the rest as the best place for Americans to invest their money abroad because of a confluence of economic benefits: Japan.

“We are deeply immersed in the Japanese market,” Davidson said, noting that Century 21 has 900 offices and 6,000 agents there. Here are the reasons Davidson gave for why Japan should be a target for wealthy U.S. home buyers wanting to purchase overseas:

  • The interest rates on 10-year fixed-rate loans are 1.5 percent to 1.75 percent — far below America’s historic interest-rate lows.
  • One U.S. dollar 119.54 yen, which gives U.S. buyers a 20 percent discount on purchases.
  • There are virtually no restrictions for foreign investors in Japan.
  • Japan is coming out of recession. Deflation is expected to stop and GDP is expected to grow in the near future, so American investors will start to see a positive ROI starting now.
  • Tokyo is the cheapest of all Asian cities in terms of price per square foot. The average price per square foot of a luxury property in the U.S. is $1,180; in Japan, it’s $680.
  • Tokyo land prices have been rising for five straight years, making future expectation for price growth high.

Graham Wood is a senior editor for REALTOR® Magazine. He can be reached at gwood@realtors.org.

Annalisa Weller, Realtor®, Certified International Property Specialist

(727) 804-6566
AnnalisaWeller1@gmail.com

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