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This maxim has never been more true in the business of investment real estate. A wise investor believes that it is impossible to attain your goal on your own. It is actually the opposite that is expected of him - meaning he is ideally expected to build relationships (an extensive network) with the help of his “dream team” - whose members are his most important resources. One of the most common mistakes “rookie” investors make is that they try to do almost everything themselves. Of course this would save them money in the short term but they will eventually lose in the long term. The absence of a team of experts would mean spreading yourself too thinly and great deals taking longer to find, evaluate and close (if at all). Golden opportunities could very well be lost this way. One-man teams usually miss glaring issues which experts can point out at a glance. A team of experts in your camp will reduce the “nasty surprises” that are bound to be waiting for you, as part and parcel of buying and managing a property.
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A recent survey commissioned by the Brazilian Ministry of Tourism revealed that British buyers made up seven per cent of the overseas spend on residential property, parting with £28 million in 2007.
The main focus of property investment in Brazil is in the large cities of Sao Paulo and Rio de Janeiro, and the nine states of the north-eastern region.
Sao Paulo represents in terms of Brazilian economy and development. Sao Paulo city alone is responsible for more than 12 per cent of Brazil’s GDP and its property market is by far the strongest in Brazil. It is the most populated city in South America and has a huge deficit of accommodation; specially for the mid and lower income classes that now have more buying power due to credit allowance. A strong market such as Sao Paulo, offers not only the highest rental yield and capital appreciation but also a straightforward exit strategy for investors interested in investing elsewhere afterwards.”
This morning, I brought my brothers to a breakfast session. We had initial choices where to dine and spend some time having good and interesting conversations. My brother suggested that we eat at Italiannis because theres plenty of bread to feast on and the good thing is, it is on the house. he really loves dipping it with Balsamic vinegar and Soy sauce. I objected because i do not like to eat that day in a restaurant serving Italian food. But my brother was persistent that we go to Italiannis so being the good brother, I obliged. However, when were there he was disappointed to see that they were still close. So, while we were walking around looking for the breakfast spot, we passed by Portico, at Serendra.
When I saw the place, I immediately noticed that its part of Chateau Group, the same company that manages Sentro in Greenbelt. Despite its rather Italian sounding name, curiosity got the best of me so we readily settled to hold our get together at Portico.
It seems to me that they are repackaging themselves to serve breakfast aside from their usual lunch and dinner treats. Honestly, the breakfast table offered the usual viands like chorizo (local sausage), sirloin tapa (beef strips), and fish but that was overshadowed by their mouth watering desserts (they are quite known for this). Now, as for the fee, you have to shell out around Php 300.00 to Php 450.00 max including drinks.
Ergo, if you’re looking for a nice place to conduct breakfast meetings either with your client or simply a get together with friends and relatives, Portico at Bonifacio High Street might be a good place to go. Me and my brothers were there as early as 8:30 in the morning and it was the only restaurant open at that area.
I have to say the the great food and ambiance led us to stay even longer.
But the market shows signs of slowing with the U.S. economy
LAS VEGAS While the housing market suffers through one of the worst downturns in decades, the commercial property sector is thriving in many markets.
But economists see some signs of moderation in the commercial property business. And a slowdown in the U.S. economy could put the brakes on commercial building.
“Commercial typically follows the national economy,” said Lawrence Yun, chief economist of the National Association of Realtors, at the industry’s conference this week in Las Vegas.
Continue reading ‘Commercial Real Estate the Flip Side of Residential for Now’