Semana.com talk with Xavier Borrero, investment of Real Estate Investment expert,who came to Colombia to talk about how you can invest abroad.
Semana.com: what should you invest?
Xavier Borrero (XB): today the investors seek safety. Real estate in Miami is very attractive. You can buy residential and commercial properties that leave a very good profitability.
Semana.com: how much money are looking to buy a good property in Miami?
Saintines: very good business can be from $100,000. For example, you can buy an apartment overlooking the city for that price.
Semana.com: what is the interest rate on banks for a credit for investment?
Saintines: Interest rate is 3.55% to 5%.
Semana.com: how expensive is square meter with respect to other countries around the world?
Miami has good properties for which request $8,000 per square meter. I know that in Colombia there are properties that have the same value. … In other countries such as United Kingdom, square meter by a property similar to Miami could be in $20,000.
Semana.com: what requirements must meet to be able to invest?
Saintines: Visa is not mandatory. Need: Two bank references, a receipt of public services and show where they exit their income, may be with a job letter or a letter from the counter if it is independent.
Semana.com: what influence have visa in the purchase of a property?
Saintines: If you have visa the person can travel for a weekend and our company will guide you through a journey in which are shown the best options of investment according to your needs and your budget. You can also access a bank loan if you have 30% of the investment.
If you don't have a visa, you can see the properties through virtual tours and tools like Google Earth.
But in both cases, the company offers consulting, legal support, and support in the administration of the property.
Semana.com: what are the advantages of investing in Miami and invest in real estate?
The city has many advantages. Recognition and international prestige, is a city where there are people and businesses around the world, has a large port that allows the trade, and in addition there is an important cultural offer which attracts hundreds of tourists.
The advantage of investing in Miami is that they are the currency is stable, the quality of life is high and taxes to employers are lower with respect to other cities in the United States.
In addition, it is a city which is near the sea and that makes very attractive. The properties in the ocean are known as 'liquid gold' because it is an investment that never loses.
Invest in real estate is also an advantage because it is something that endures over time and recent constructions are tested for hurricanes and are seismic.
Semana.com: There are many people who do not feel security because your money manage abroad.
Saintines: No one handles the money. The buyer deposit the amount in a bank account and the money doesn't move until they are the writings of the property issued by the notary or the trust.
Semana.com: between those properties which are the most profitable?
XB.: The commercial will always be more profitable. The cellars, premises and offices always give rates of return greater than the residential one, which may be approximately 6% to 16%. But to start a person can invest in residential property letting a yield of 1.5%.
Semana.com: what are the best areas to invest in Miami?
Saintines: The most sought after are always which are close to the sea and in the Centre of the city.
Semana.com: is the best buy on planes, work in black, or when it is already fully built?
Saintines: Many buy in black work and drawings that can be paid in two years. But the ideal to make a safer investment is to buy something that is built, and which is also renting, because it decreases the risk factors.
Other concerns will be resolved at the seminar 'How to do business with the United States ' Xavier Borrero will lead and held from 15 to 16 June in Hotel NH Collection,located in the street 113 #7-65 9-7 p. m.
During the two days a tour business, custom meetings, consultants will be held with lawyers, and especially will be explained how to obtain residency in the United States with the EB-5 program.?