Tag: Vancouver Real Estate Investing

Citizenship by investment in Saint Lucia

There are many reasons as to why citizenship in Saint Lucia is attractive, and it can be easy to get by just as little as investing in a St Lucia villa. Based on your needs and situation, it could be the right step for you. In this article we will have a look at what it is, what the benefits are and how you can do it via investment.

Saint Lucia

Saint Lucia is a breathtaking island based in the eastern part of the Caribbean that is full of five star resorts, volcanic beaches and fishing villages. It is the perfect location for an island escape, weather that be for just you and your loved one or a whole family escape to relax and have fun. Saint Lucia has something to offer to everyone.

Benefits of nationality from Saint Lucia

In the current climate many people are now looking to the attractive option of gaining a second nationality, and Saint Lucia is a very attractive option to somebody looking to do so. Some of the benefits, to list just a few are the following: visa free travel to over 120 countries which include all of the carribean islands alongside with other countries in the common wealth.Tax advantages, which mean that you don’t pay taxes on worldwide income. Educational opportunities for your family, and alongside this there are no educational requirements for acceptance into educational programs. Security of living and working in a peaceful and politically stable country, so you no longer have to worry about you and your family in the future. Last, but by no means least, citizenship in Saint Lucia is forever, this means that once your passport is approved, that it is valid for a lifetime and can be passed onto your children and then onto theirs and so on and so on. Know more!

How to get nationality in Saint Lucia via investment

To be able to apply for citizenship in Saint Lucia you need to meet the following requirements: you need to already have a nationality, you must have a valid passport, all applicants and their dependants must not hold a criminal record, both applicants and their dependants must pass a medical examination, it is the responsibility of the main applicant to make the financial donation in real estate or to the National Economic Fund, children and dependants under 25 can be considered under the main applicants application – those over 25 have to make their own application, and for dependants over the age of 65 they can be considered on the application of the main applicant. The donation amount that you have to make depends on the application. A simple application for just one applicant would only have to be 100,000 USD invested in a property such as a St Lucia villa, whereas one for a couple would be 165,000 USD, for a family of four it would be 190,000 USD and from there on it would be an additional 25,000 USD for every extra dependant.

In conclusion, even though the first investment is high, getting citizenship in Saint Lucia is very quick and easy for you and your family, and you would be promised a safe haven for both you and your family in the future by doing so and not to mention you would have your own St Lucia villa to boot. Check out this site: https://www.forbes.com/sites/worldeconomicforum/2019/09/23/why-development-finance-matters-to-saint-lucia/#39dec92e65b3

Investing in Canadian Real Estate in 2020

What is real estate investing? Real estate investing is investment in which you actively own a property. There are different ways to invest in real estate, but to name a few: owning your principal residence, owning a rentalproperty, and/or house flipping to increase value of your home. There are many more ways, but in this article I will discuss those three as I feel they are the most popular among Canadians.

The classic approach in investing real estate would be to own your principal residence. When you buy your primary home, not only are you buying a place to live, but are also thinking long-term. Instead of paying your landlord’s mortgage when renting, you’re now paying your own mortgage. You are the landlord! In order to buy your own property, there are a few things to keep in mind.  A big one, you’ll need to save up for a down payment. First-time homebuyers can withdraw up to $25,000 from an RRSP toward that purpose. For those who aren’t first-time homebuyers, the TFSA is the next best place to save for a down payment.

House flipping can bring a major profit, if it is done correctly and professionally. With a house flip, you buy a “fixer upper” with a lot of potential, renovate it quickly, and then sell it for a big profit. To improve your chances of a successful house flip, you’ll want to look for a property that requires some TLC cosmetically (painting, upgrading fixtures, flooring, etc.), but doesn’t have any major faults, such as structural issues or a leaky basement. Although, it looks fun on HGTV shows, it is important to remember, house flipping can be a daunting task and you need to absolutely be sure you are up for the challenge. Not only is it best to sit down with a realtor after you are done with your fixer upper, it is highly recommended that before you buy the property you get it prescreened to make sure it can be resold. More details!

If you are worried about house flipping or risks associatedinvesting in rental properties is the way to go. While a rental property is an active investment, you can choose to be as involved as you like or not. You can manage it yourself as the landlord or hire a property manager to deal with the tenants.

Investing in Condominiums

Are condos a good investment? Simply, Yes! It is by far one of the more popular real estate investments in cities. Vancouver cityhas over 700,000 people and condos are being built more often than house.

Condos such as the West End Condos or the Coal Harbor condominiums are just a few examples that can give you the city luxury that you or your tenants would desire. Buying in areas that people want to live in will guarantee real estate investment success. Location is everything! The areas that are not well serviced by the public transit, restaurants, cafes and businesses are not going to perform nearly as well. Buying high-end quality and a unique condo can also bring in great resell value and a bang for your buck. Learn more details at: https://www.pwc.com/ca/en/industries/real-estate/emerging-trends-in-real-estate-2020.html

 

References:

https://www.greedyrates.ca/blog/how-to-invest-in-real-estate/

https://www.vancouverrealestatepodcast.com/podcast/advanced-tips-for-buying-new-condos-investment-properties-in-vancouver-with-craig-anderson/

https://www.weknowottawa.com/investing-real-estate-canada.ubr

 

Get Downtown Vancouver Condos at a Fraction of Uptown Prices with These Simple Tips

Vancouver real estate is in high demand. Canada is truly a beautiful country and many of its gorgeous cities like Vancouver are bursting to the seams with many residents looking for permanent new homes. Condos are really popular too and there seems to be more looking to buy these properties than ever before. However, is it really possible to get a good deal on the downtown area without breaking the bank? It is possible but it’s not always an easy task to do. Read on to find a few tips that might help you today.

Use a Real Estate Agent

It’s not always easy to find a condo at the right price which is why you need help. There are times when your search efforts are not enough and employing the services of a real estate agent will prove very useful! If you are looking to buy or rent a condo you need someone who knows this market fairly well and will be able to help you find homes that meet your criteria. Getting downtown Vancouver condos at a fraction of the prices for uptown can be difficult but with a good realtor or estate agent, it might be far easier. That is why it’s time you thought about getting a professional on board.

Search and Compare Many Condos

When you are looking for a great bargain on a new condo you have to look at a number of properties and not just one. A lot of people think the first property they see is the best but is it really? You want the whole or complete package rather than half of one because you won’t get the best quality there. When it comes to Vancouver real estate you want to ensure you search and compare a variety of condos across a number of areas. This will enable you to ensure the ones you choose are the right ones and not just because the numbers match. Comparing prices to the locations and what you’re getting for that will prove very useful. See more.

Don’t Be Afraid To Wait For the Right Listing

Another great way to potentially get a better price for your downtown Vancouver condos have to be waiting for the right home. A lot of people say when they see a decent price they should jump on it and snap it up but is that really wise? Do you like the home as well as the price? What happens if you don’t like the location? You can’t exactly move the condo and that’s a real problem. Far too many people don’t wait for the right listing and jump at the first low price they see which results in them being very unhappy. You don’t want that, you want to be happy and sometimes it means waiting just a little bit longer to get the right condo.

Find the Perfect New Home

Who says you have to spend big to get perfection? If you are a little more wary when it comes to purchasing a new condo and wait for the opportune moment and the right property you can get a perfect little home today. There are lots of options available when it comes to condos and you want to ensure you find the right one. Take your time and find the condo which meets all your needs and wants. Vancouver real estate is popular and you can own a piece of it.