Charitable Giving Real Estate

Recently traveling through West Virginia on my way out West to the Plains of Texas and the Hot New Mexico Desert, I met with a financial planner at a coffee shop and we discussed many new strategies of giving away money. Perhaps you are not aware but giving away money is one of the hardest things to do correctly.

Anyone can donate money, but giving the right way is extremely difficult. In fact when Warren Buffet and Bill Gates merged their Foundation Assets and Warren came aboard as a Trustee, they mentioned this exact challenge and they were concerned about this.

During my coffee shop conversation we discussed the Charitable giving of real estate and the gentleman from West Virginia also a member of the State Legislature told me of an older lady who donated her families hotel to a Church in Charleston WV. The way it was done was very smart. The Church took out an annuity life insurance policy for the lady and she gave them the building.

People often donate millions to American Cancer Society this way and the organization buys them an Annuity. Yet it works even better if you consider this can be done for a Boys and Girls Club or some other purpose locally in the community such as hospice or historical society.

It is great to see the charitable giving in American and around the world from our people both on the massive scale of the Bill and Melinda Gates Foundation to the small scale giving in local communities. Consider all this in 2006.

Real Estate Investing Without Down Money – Some Cool Strategies Are All You Need to Get Started!

You must have heard people repeatedly saying that you should be loaded with cash in order to take real estate as your business. It is now an outdated idea, as it is very possible and a viable option to make big money in real estate with no money in the beginning. All you need is a clever mind, a patient heart and some creative strategies to get you up and moving.

Got interpersonal skills?

Before you get started with clever strategies, you must remember one very important skill, which is persuading skill. It is very important in this business since you need to persuade the seller to give you the property, convince buyer that the said property is the best for them and make the bank or other financiers sure of your credibility. If you are not sure that you can not persuade people well, don’t worry as this skill is only some practice away.

Look for a Business Partner

After you are sure of your interpersonal skills, persuade a trustworthy person, who has experience in this business to be your partner. A partner is not mandatory, but if you do have a partner, he can facilitate your work. It is advisable that you look for a person who has the right kind of money and the right motivation to invest in the real estate market. And in the return of his investment, you can offer him big profit share. It is essential that your partner possesses two traits which are immensely important for any healthy relationship: integrity and honesty. You should be able to get along with him otherwise you will face problems with him in future. Also, upon finding an appropriate partner, unanimously draw, and execute a legal agreement before getting started with the business. If you see anything fishy about your partner, better work alone.

After you have gotten good communication skills and have chosen a trustworthy partner, follow these strategies to work into huge profits.

Double escrow or buy and sell simultaneously

Double escrow means buying and selling certain property at about the same time. It is sometimes also referred to as simultaneous buying and selling. In double escrow, you first persuade a motivated seller to sell his property at a discounted price. Then, you should have a buyer ready to purchase that property. The difference in the selling and buying price becomes your profit. You might be thinking that for this I need to have enough money to buy a property first. Well, a very important trick lies in the time frame of the payment. You can give a small amount to the seller first and ask time for the remaining payment. In that time you sell the property to a buyer at higher price. This way you pay the seller his remaining amount and make profit at the same time. The idea is not as simple as it seems and for this you need to be very prudent and efficient. For making this transaction run smoothly, it is important that you align your buyer before making a deal to purchase the property from the seller.

Ask for seller financing

When you are purchasing a property, look for people who are providing seller financing options. Usually, property owners do that. Such people, or property owners in many cases, are in no urgent need of cash but want to dispose off their property. You can set a mode of payment with your financier, like you can choose to pay the amount in installments. As soon as the property is sold, the mount can be used to pay back your financier. Here also, the difference in both the amounts becomes your profit.

Look for a good property

All the strategies require a good property, so it is very important that you keep a keen eye around. The best way to look for a good property with a motivated seller is to look around in your neighborhood. You can also check the classified section in the newspaper and internet, but on-ground inspection of the location works the best. Also, it is important that you surround yourself with others who are in this business as a saying says that birds of same feather fly together. It works well because those people have already their hands deep into this business and there is very strong possibility that you will get to know some lucrative venues to get started.

These are some of the ways which will get you started. Once you start working, you would be able to devise you own strategies as well. It is important to bear in mind that being a novice, you might find it disheartening in the beginning, but you will get experience with time. So, don’t lose hope with initial failures, with your hard work and perseverance, you will gain profit and will become successful.

Creating Wealth – Real Estate Investments in Panama

Anywhere you look there are a number of books about getting rich. Finding information is easy, finding experts is a different thing. Given the opportunity to speak with someone who has made their fortune in real estate, you will likely get two pieces of advice; you have to carefully plan and you have to invest wisely. The good news in today’s business world is that both of these steps can be accomplished in one place; real estate investments in Panama are excellent ways to create wealth while enjoying the tropical benefits of owning Latin American property.

Wealth and Income through Panama Real Estate

It is important to make a differentiation; wealth and income are not the same things. Income is best defined as the money that you make. If you have a job, your income would be your salary. If you earn $50,000 a year, this is your income. Wealth is a derivative of income; it is best explained as the amount of money you keep. For example if you earned $50,000 in income and you were able to save $5,000, your net wealth increased by $5,000.

Why is this important? The vast majority of Americans are said to be one paycheck away from bankruptcy, including many of the highest earning people in the country. Because of the lack of planning and sound investing, many people are not accumulating wealth. By changing the dynamics, it is possible to create wealth with real estate investments in Panama.

Panama Investments

The simple questions are usually the best. Why Panama? Simply put, the real estate investment options in Panama are excellent and the government here as done everything they can to encourage business development. There are business vehicles in place in Panama that can give you wealth creating opportunities that are not available in the US, Canada or Europe. In addition, the prices of real estate in Panama is much more affordable its counterpart in these other countries. These features combine to make investing in Panama real estate a very good business opportunity.

Careful Planning to Buy Latin American Property

Before investing in Panama real estate, it is good to know that the government has created several business opportunities that can work in your favor. Panama Foundations and Panama Corporations form a powerful way to invest and reduce your tax burden at the same time. Both of these institutions are anonymous. Panama Foundations can accept donations since they are not for profit. The foundations can’t do business but they can, however, own companies to do. By having a Panama Foundation, an investor can shelter his or her wealth free of taxes, which for people in the US can be a saving of twenty five to forty percent.

Having a Panama Corporation allows you to conduct business, such as buying real estate investments in Panama. Since your corporation is anonymous, there are no capital gains taxes on any of your properties. Additionally, if you own this property through your corporation and decide to sell it, you can simply sell the corporation to the buy and start a new, eliminating payment of the transfer taxes you would incur in Panama.

Wise investing in real estate

Panama is a great place for wise investing. There are affordable real estate investments throughout the country and has a number of attractive features; no hurricanes, variety of climates, wide selection of property types and even tax exemptions for new construction. Foreign investors are guaranteed by the constitution the right to buy and own property and whether you want to invest at a beach like Coronado, in the mountains or in a metropolitan city there is property available at excellent prices.

Profiting from Panama investments

Careful planning and wise investing; these are keys to gaining wealth and the door to success in real estate investment is ready for you to open in Panama. With great prices, a wide selection and great business opportunities, Panama property can be your way to truly accumulate wealth.