WEBVTT 1 00:00:03.319 --> 00:00:07.519 You' re not ready for the financial event that will change your life forever. 2 00:00:07.719 --> 00:00:12.439 Finally, the event you expected most, the most important financial event of 3 00:00:12.519 --> 00:00:18.239 the year, the financial fair finance with spoons, the appointments next Saturday 3rd 4 00:00:18.280 --> 00:00:22.359 or July or the Intercontinental Hotel, where we will have a small one full 5 00:00:22.399 --> 00:00:29.440 of financial knowledge, talks and an interactive space where you can know and request 6 00:00:29.559 --> 00:00:41.200 the best financial products. Get your MWWWW lockers. Economic com of men welcome 7 00:00:41.359 --> 00:00:47.240 to Economics tata your finance podcast. Here we will speak lightly and sincerely of 8 00:00:47.280 --> 00:00:54.359 money, where together we will turn the difficult into easy and clear we will 9 00:00:54.479 --> 00:00:57.840 take our finances to another level. From now on, your numbers will be 10 00:00:57.960 --> 00:01:03.240 as if you' ve never done that for a lecturing past, a healthy 11 00:01:03.399 --> 00:01:07.040 present, a promising future, and a grateful pocket. That' s why 12 00:01:07.120 --> 00:01:11.000 we' re following us on Instagram, Facebook, tik tok, linking and 13 00:01:11.000 --> 00:01:15.239 econmist Twitter. Welcome to a new episode of Economics Data Your Podcast Finance. 14 00:01:15.879 --> 00:01:21.560 I' m Laura and here to see you and today we bring an episode 15 00:01:21.599 --> 00:01:26.319 that is a dream of many who have instilled us since childhood. What' 16 00:01:26.319 --> 00:01:29.840 s more, I say that when you play as a kid, that you 17 00:01:29.959 --> 00:01:34.760 have the house there, I want that little house for me and you grow 18 00:01:34.760 --> 00:01:36.480 up with that listening to the parents. Oh, it' s not like 19 00:01:36.519 --> 00:01:40.359 you have to buy your house. That' s a very important investment in 20 00:01:40.480 --> 00:01:44.719 your life that even if they don' t tell you how to do it, 21 00:01:45.319 --> 00:01:47.280 you just listen to it and grow up with it. That it' 22 00:01:47.359 --> 00:01:49.319 s your turn, that is, at some point in your life you' 23 00:01:49.400 --> 00:01:53.159 re going to have to buy a real estate, because the time will come 24 00:01:53.159 --> 00:01:57.319 when you' re going to leave your parents' house and you' re 25 00:01:57.400 --> 00:02:00.760 going to have to live somewhere. And I' d say that not only 26 00:02:00.760 --> 00:02:06.000 to live it, but it' s already a goal, it' s 27 00:02:06.000 --> 00:02:07.240 a dream that goes beyond. Already people see it to make money, they 28 00:02:07.240 --> 00:02:13.560 see it exactly as a business, as a structure where you can buy various 29 00:02:13.599 --> 00:02:17.080 investment properties that you are currently going to rent in Garbnb, which is talked 30 00:02:17.120 --> 00:02:23.039 about a lot on any other similar platform, or a long- term rental. 31 00:02:23.120 --> 00:02:25.759 You know you' re gonna have that little money coming in and people 32 00:02:25.800 --> 00:02:32.120 feel like that' s financial freedom. I have many properties that are growing, 33 00:02:32.240 --> 00:02:36.919 that are going up in price and, besides, that has a tenant 34 00:02:37.159 --> 00:02:40.240 paying me those rents that are very rich, really very rich. So we 35 00:02:40.280 --> 00:02:46.599 really all, in some way, have this goal of investing in real estate 36 00:02:46.960 --> 00:02:53.759 investments. And for this, we' ve already been through this both of 37 00:02:53.840 --> 00:02:58.800 you on several occasions and I' ve already gone through buying my first home 38 00:02:59.120 --> 00:03:00.919 and I' m going to return the second one for the second preparation. 39 00:03:01.479 --> 00:03:05.639 Or not because I said I can' t have any more stress in my 40 00:03:05.719 --> 00:03:08.879 life, because let me buy or trimuele spés. But, today we are 41 00:03:08.919 --> 00:03:15.919 going to deny that this stress can be reduced with a professional and for that 42 00:03:15.960 --> 00:03:21.560 we have invited Wally Perez, real estate advisor to Rimax. Thank you so 43 00:03:21.639 --> 00:03:23.719 much for accepting the wall invitation and welcome. Thank you very much, thank 44 00:03:23.719 --> 00:03:27.879 you, thank you, thank you. Invite me, thank you, Polly, 45 00:03:28.240 --> 00:03:31.800 because we are going to talk about real estate investments, a topic that 46 00:03:31.919 --> 00:03:38.280 is too much requested among listeners and among those who follow us in our instagram 47 00:03:38.280 --> 00:03:42.199 Economics tata of finance. People want to know it' s really a good 48 00:03:42.240 --> 00:03:46.759 investment to invest in real estate. Good job, good job. I wouldn 49 00:03:46.800 --> 00:03:52.280 ' t be the person dedicated to this, because I' m an interested 50 00:03:52.319 --> 00:03:53.439 party, but I' m really an investor. I mean, I also 51 00:03:53.560 --> 00:04:00.719 buy real estate for precisely that, for investment, for investment, for capital 52 00:04:00.759 --> 00:04:04.800 gain, for capital increase and for life security, which is financial freedom. 53 00:04:05.479 --> 00:04:11.840 Exactly then you who firsthand, besides you work in the sector. You are 54 00:04:11.879 --> 00:04:16.000 also an investor in real estate and you can tell us that the ways to 55 00:04:16.040 --> 00:04:21.319 generate income through investments in real estate is light worth light, correct value, 56 00:04:24.360 --> 00:04:28.920 prus value return of passive capital, which is once the parriba of this list. 57 00:04:29.680 --> 00:04:32.240 You put it on rent. You have two modalities, three modalities of 58 00:04:32.240 --> 00:04:38.800 the day. One can rent it empty in the long term, you can 59 00:04:38.800 --> 00:04:45.279 rent the furnished in the long term and you can rent it in the short 60 00:04:45.680 --> 00:04:46.959 term with different platforms like IRBYNDB booking others. Which one would you say is 61 00:04:47.040 --> 00:04:51.160 the most profitable look. That' s good. It' s a good 62 00:04:51.600 --> 00:04:57.519 question that I have, I have to look good ba and but I also 63 00:04:58.600 --> 00:05:01.399 have properties that are biias long and I merge quite well. I mean, 64 00:05:01.480 --> 00:05:08.759 I merge the deals. I diversify. I like bnb because at some point 65 00:05:08.920 --> 00:05:14.480 it depends on the apartment I buy truth and then it depends on the apartment 66 00:05:14.600 --> 00:05:16.920 I ship to buy it from the area. I can say good. I 67 00:05:16.920 --> 00:05:20.120 ' m going to buy the apartment to put the RVNB platform, or I 68 00:05:20.120 --> 00:05:26.879 ' m not going to buy this property to put it on long rent, 69 00:05:26.879 --> 00:05:29.319 because it generates a lot of income. It' s going to depend on 70 00:05:29.560 --> 00:05:31.079 the strategy that I mount or in this case I because I' m my 71 00:05:31.079 --> 00:05:38.639 own advisor. As customers let' s put it that way, they can 72 00:05:38.720 --> 00:05:41.319 choose to acquire a property and say good. I was asking your trusted agent 73 00:05:41.399 --> 00:05:46.560 to tell you what is the best option with this amount of money that I 74 00:05:46.600 --> 00:05:49.240 can buy, which suits me, because that is very important to know and 75 00:05:49.240 --> 00:05:55.319 that the audience can ask the right question with this money, what is the 76 00:05:55.360 --> 00:05:59.600 best I can do as I can grow capital and the need that I have 77 00:05:59.639 --> 00:06:01.720 now. Then, also because it can be, there are some that are 78 00:06:01.879 --> 00:06:05.680 perhaps a little more risky because the short- term ones may not give me 79 00:06:05.720 --> 00:06:10.920 that stability that monthly I will receive a fixed flow. Then, perhaps a 80 00:06:11.079 --> 00:06:15.600 person, say younger, can risk a little more than a person who is 81 00:06:15.639 --> 00:06:20.439 already retired, who needs that flow monthly and perhaps it would be better for 82 00:06:20.519 --> 00:06:27.519 him to stay there in the long term. So, as many economists say 83 00:06:27.639 --> 00:06:30.759 in many questions that ask us, it really depends. Depends. Depends. 84 00:06:30.879 --> 00:06:34.959 Depends, that' s why it' s the importance and forgiveness, not 85 00:06:34.959 --> 00:06:39.279 that it definitely has to do with the investor profile, or also because you 86 00:06:39.279 --> 00:06:43.920 can say look, you can earn more by renting for short periods, but 87 00:06:43.959 --> 00:06:46.519 I don' t want to risk it. I want more security. I 88 00:06:46.560 --> 00:06:49.720 want long- term rent. Your advisor will tell you, depending on the 89 00:06:49.720 --> 00:06:55.560 interview you have. Maybe you live at a table with your advisor and the 90 00:06:55.600 --> 00:06:59.680 advisor is going to ask you several questions and I really discovered your reality, 91 00:07:00.360 --> 00:07:03.000 you might have no idea to buy an apartment to put it in the bnb 92 00:07:03.000 --> 00:07:06.319 all of a sudden you want it. That' s really what you wanted 93 00:07:06.319 --> 00:07:10.879 was to buy your house for yourself to live it, that is, but 94 00:07:10.879 --> 00:07:15.079 it' s going to depend on that interview in my case, if you 95 00:07:15.079 --> 00:07:17.800 were my clients the way you are. Ah white or I' ll tell 96 00:07:17.839 --> 00:07:21.639 you something now that you mention that word. Yes, I' ll be 97 00:07:23.079 --> 00:07:26.879 very honest with you. Act ahead. Yes, go ahead, go ahead, 98 00:07:26.920 --> 00:07:32.480 go ahead, I really need real estate advisors, although they have that 99 00:07:32.519 --> 00:07:36.519 title, right, many do not exercise it as it is, but simply 100 00:07:36.639 --> 00:07:41.920 on many occasions, for my part, that I have been quite involved in 101 00:07:41.959 --> 00:07:45.319 buying real estate here, in this country. Yeah, well, I' 102 00:07:45.439 --> 00:07:48.160 ve felt like I don' t have first- hand advice, but what 103 00:07:48.240 --> 00:07:49.639 I call look, I' m interested in giving you real estate. Oh 104 00:07:49.680 --> 00:07:53.839 or that I can move it or call me if I find you more or 105 00:07:53.959 --> 00:07:58.720 less similar, come on, but don' t feel like you say to 106 00:07:58.800 --> 00:08:03.759 ask me questions to orientated and questionnaire help me, and that' s something 107 00:08:03.759 --> 00:08:07.800 that really if you do, is something that I applaud and encourage you to 108 00:08:07.879 --> 00:08:11.399 even motivate your colleagues or acquaintances, or that right here in this podcast, 109 00:08:11.600 --> 00:08:15.680 because the one who listens to us, who works in this same sector, 110 00:08:15.959 --> 00:08:18.360 because he understands the importance of a real estate advisor, who is not just 111 00:08:18.360 --> 00:08:22.079 a sales agent, not you are a fully advisor. And I want to 112 00:08:22.120 --> 00:08:28.560 add that because it has also happened to me and now that I am starting 113 00:08:28.600 --> 00:08:33.120 the process, I was just commenting with Kimberley that one thing is a salesman 114 00:08:33.120 --> 00:08:35.240 and another thing is an adviser. The seller only wants the Commission, so 115 00:08:35.399 --> 00:08:41.879 it' s not going beyond the profit you' re going to get the 116 00:08:41.879 --> 00:08:46.480 customer. In the sense that I would like an expert person to tell me 117 00:08:46.679 --> 00:08:50.360 my advisor and tell me look ok here look with this property I can earn 118 00:08:50.480 --> 00:08:56.399 more as real estate advisor. But I really see that there' s a 119 00:08:56.519 --> 00:09:01.600 pipe problem or something that' s beyond, or it' s a better 120 00:09:01.679 --> 00:09:05.200 area that at the end of the day looks at me it' s not 121 00:09:05.200 --> 00:09:07.600 going to benefit me any more, I mean, it' s going to 122 00:09:07.639 --> 00:09:09.279 benefit me more than you do this property, but it' s not going 123 00:09:09.279 --> 00:09:11.639 to benefit you in the long run. So, I feel like you need 124 00:09:11.799 --> 00:09:16.279 that advice not only to find me an instrument for you to come and earn 125 00:09:16.360 --> 00:09:22.200 your commission, but to add a value of going beyond what really suits me, 126 00:09:22.480 --> 00:09:26.799 because a person, when he' s going to make that financial decision, 127 00:09:28.320 --> 00:09:31.720 which is not an easy financial decision, that is, it involves capital, 128 00:09:31.200 --> 00:09:35.879 many people have to try to reduce expenses so that at the end of 129 00:09:37.039 --> 00:09:41.600 the day he makes a bad investment, then or a property that wasn' 130 00:09:41.600 --> 00:09:43.759 t suitable for that person. So, as Kimberley says, I feel that 131 00:09:43.879 --> 00:09:52.480 it takes a lot to not only sell, but also to advise correctly this 132 00:09:52.799 --> 00:10:01.279 one and it is worth the redundancy truth in rimax My many or s s 133 00:10:01.360 --> 00:10:05.600 s less real estate consulting professionals And maybe I include myself. Maybe I' 134 00:10:05.639 --> 00:10:09.919 m not the right person for that, but I' m included because it 135 00:10:09.919 --> 00:10:13.879 ' s true I' m not. No, I don' t win 136 00:10:13.000 --> 00:10:20.120 by making you acquire property that doesn' t, that doesn' t match 137 00:10:20.159 --> 00:10:24.679 what we talked about. You' re not investing anything. If there' 138 00:10:24.799 --> 00:10:28.360 s a little impression to mouth, then no. That' s not my 139 00:10:28.360 --> 00:10:31.840 business. That' s not my business. My business is that if we 140 00:10:31.080 --> 00:10:35.360 develop a zero plan when it comes to acquiring the property, you can say 141 00:10:35.399 --> 00:10:41.360 Mira Wally. You obviously have to tell me what they' re like or 142 00:10:41.360 --> 00:10:45.759 Ali and Mira. I have this amount of money, I can pay this 143 00:10:45.799 --> 00:10:50.080 amount of monthly iron and I can design a strategic plan for you to acquire 144 00:10:50.159 --> 00:10:54.960 a property that is highly profitable or if you want well located, if you 145 00:10:54.960 --> 00:10:56.720 want to live it, that' s going to depend a lot. That 146 00:10:56.759 --> 00:11:01.559 ' s why I' m talking about the interview part. That' s 147 00:11:01.679 --> 00:11:05.799 why it' s important. That' s why the interview you have with 148 00:11:05.960 --> 00:11:11.080 your real estate agent is super important, because your real estate agent is going 149 00:11:11.679 --> 00:11:15.879 to tell you exactly according to what you tell him, what suits you best. 150 00:11:16.279 --> 00:11:18.440 That' s indisputable. So if I go to n an advisory salesman 151 00:11:18.440 --> 00:11:22.519 who doesn' t ask me a questionnaire, just send me real estate. 152 00:11:22.600 --> 00:11:26.039 I know it' s not going that way. You' re not advising 153 00:11:26.039 --> 00:11:28.279 me around, it' s selling, we' re going back the same 154 00:11:28.279 --> 00:11:31.120 thing. That' s why people aren' t getting to know me. 155 00:11:31.159 --> 00:11:37.639 Right. If a real estate agent doesn' t know what your interest is, 156 00:11:37.960 --> 00:11:39.279 what are your intentions? He' s not gonna be able to knock 157 00:11:39.279 --> 00:11:43.039 you off right now. The client also needs to speak as clearly as possible 158 00:11:43.279 --> 00:11:46.240 to be able to tell his/ her own, in order to be able 159 00:11:46.279 --> 00:11:48.759 to tell his/ her agent exactly what he/ she wants or the idea 160 00:11:48.759 --> 00:11:52.000 he/ she has. And that agent' s probably gonna lead you down 161 00:11:52.000 --> 00:11:54.480 the road. If you buy, if you, I see in an apartment 162 00:11:54.480 --> 00:11:58.679 or we see a project, or you are seeing in the promotional media Instagram, 163 00:12:00.799 --> 00:12:05.600 Facebook, YouTube, tiktok, any medium promotional place and see a project 164 00:12:05.639 --> 00:12:13.200 and is a mobile agent that is selling. And you, if I want 165 00:12:13.240 --> 00:12:16.120 to see that apartment, well, the furniture people are gonna tell you oh, 166 00:12:16.279 --> 00:12:16.399 you, who are that, they' re gonna sell you that one. 167 00:12:16.960 --> 00:12:22.840 Now it feels like you make a good strategic business plan where you tell 168 00:12:22.879 --> 00:12:24.919 her to look at this project where it is, what you recommend, what 169 00:12:26.080 --> 00:12:28.159 are the ones, with what are the condition of projects. You think there 170 00:12:28.159 --> 00:12:31.679 are better ones. You think this project is going to match the budget. 171 00:12:33.799 --> 00:12:35.840 So your agent' s gonna tell you look. Yeah, this project is 172 00:12:35.879 --> 00:12:39.960 going to match your budget function of what you tell him or he' s 173 00:12:39.960 --> 00:12:41.720 going to tell you not to look. There are two options. We have 174 00:12:43.080 --> 00:12:46.279 this and we have this, that is to say to depend on what you 175 00:12:46.360 --> 00:12:50.720 tell your real estate agent how important communication is a moment your real estate agent 176 00:12:52.080 --> 00:12:56.279 is your agent and moderate of head and it will surprise you not only with 177 00:12:56.279 --> 00:13:00.919 that, but with your complete real estate life, exactly, but the n 178 00:13:01.000 --> 00:13:03.639 important this relationship. Totally, totally, totally, and I include myself, 179 00:13:03.799 --> 00:13:07.240 that is, I have to squirm myself. That' s why I make 180 00:13:07.279 --> 00:13:11.679 healthy decisions at the end and not just with myself, also with my team, 181 00:13:11.679 --> 00:13:13.519 I mean, look, we can do this, that you believe of 182 00:13:13.559 --> 00:13:18.320 this, even though I have the responsibility, I also like to consult with 183 00:13:18.399 --> 00:13:22.320 a team that people who know also like me, for maybe we have the 184 00:13:22.320 --> 00:13:28.399 same alternative. The investment consultation cannot be with people who do not know, 185 00:13:28.559 --> 00:13:33.799 who do not know, because it will not be adequate. That' s 186 00:13:33.799 --> 00:13:37.039 not all. Apply and apply just like we do. We are financial advisors, 187 00:13:37.159 --> 00:13:41.279 we talk about investment, we talk about healing, debt, savings, 188 00:13:41.279 --> 00:13:45.879 etcetera, etcetera. And obviously, we have to exercise it to be able 189 00:13:45.879 --> 00:13:48.720 to give of course, let alone this experience? Sure? Sure? Sure, 190 00:13:48.759 --> 00:13:50.120 it' s not the same thing? It' s not the same 191 00:13:50.120 --> 00:13:56.200 thing? When you acquire knowledge of a specific subject that you say, Mira, 192 00:13:56.360 --> 00:14:00.639 you may make a mistake here, but it will depend also if the 193 00:14:00.679 --> 00:14:03.879 customer is willing to listen to what your Consultants, your time of experience. 194 00:14:05.919 --> 00:14:09.879 You that all areas of finance have a lot of experience in the finance part. 195 00:14:09.159 --> 00:14:13.519 So, I have to listen. I mean, I, as the 196 00:14:13.600 --> 00:14:18.120 manager of my company, can say look, I think it makes sense what 197 00:14:18.159 --> 00:14:20.159 you' re telling me. I think I have to do more research or 198 00:14:20.320 --> 00:14:24.639 it doesn' t ask you the right question for them to bludgeon me on 199 00:14:24.639 --> 00:14:26.759 the financial side. The same goes for real estate, real estate. If 200 00:14:28.919 --> 00:14:33.279 the acquirer tells me Wally Mira, I have$ 100, 000 in hand 201 00:14:33.320 --> 00:14:37.720 right now which is the best I can buy, but I want it ready 202 00:14:37.840 --> 00:14:41.519 now for tonces which intention. Either the intention is to live in the apartment 203 00:14:41.840 --> 00:14:46.399 or you want to buy an apartment for investment, to invest, for return 204 00:14:46.440 --> 00:14:50.480 of capital, for plus worth. It' s another exact conversation, exactly. 205 00:14:50.559 --> 00:14:52.960 She' s already been thrown away. You have to heal, you 206 00:14:54.000 --> 00:14:58.879 have to make transparent of both sides and your trusted real estate agent will probably 207 00:14:58.399 --> 00:15:03.639 always be looking after your interests in all the fields that you always put on 208 00:15:03.720 --> 00:15:07.840 all the time. He' s going to be thinking about how he can 209 00:15:07.879 --> 00:15:13.759 make it your estate, because as your estate increases in that same proportion, 210 00:15:13.879 --> 00:15:18.440 he also increases that of the excellent furniture people and getting a little bit into 211 00:15:18.720 --> 00:15:28.240 cool stuff Let' s list the main real estate to invest ok We have 212 00:15:28.759 --> 00:15:33.240 an apartment, We have a house in the capital, either here in Santo 213 00:15:33.240 --> 00:15:39.200 Domingo. We may have an office. We also have houses, either on 214 00:15:39.200 --> 00:15:45.519 the beach or on the mountain. How you' re seeing that part of 215 00:15:45.519 --> 00:15:48.200 investment there, on the beach, in mountains, it' s diversifying. 216 00:15:48.399 --> 00:15:52.039 Only here is investing in the beach. You can tell us a little bit 217 00:15:52.120 --> 00:15:56.200 about that. Look at the whole Dominican Republic. He' s got everything. 218 00:15:56.559 --> 00:16:00.799 He' s got it, all of it, he' s got 219 00:16:02.320 --> 00:16:04.080 the whole field of the clear point of view. Obviously, they are houses 220 00:16:04.120 --> 00:16:11.600 solar apartments, solar for industrialists, Son of solar for offices, Son construction 221 00:16:11.600 --> 00:16:17.200 of apartments, Son construction of single houses, closed project. The tourist side 222 00:16:17.240 --> 00:16:22.240 there are multiple ranges of properties, but the question I think what you were 223 00:16:22.320 --> 00:16:29.000 referring to was which type of property is most common to acquire exact, that 224 00:16:29.000 --> 00:16:33.120 is, why the consumer is leaning more, by which of those looks you. 225 00:16:33.840 --> 00:16:38.960 You have two fields. There' s the property field that' s 226 00:16:40.080 --> 00:16:44.559 ready and you have the property field under construction. It' s going to 227 00:16:44.559 --> 00:16:47.720 depend on what the client wants and how much money the client has. That 228 00:16:47.720 --> 00:16:51.600 ' s important. If a listed property, obviously, if it is rovedalistic, 229 00:16:52.759 --> 00:16:56.679 obviously and not residential and is regularly residential is twenty percent of the value 230 00:16:56.720 --> 00:17:03.759 of the department and will finance eighty percent according to the initial. Initially the 231 00:17:03.799 --> 00:17:07.279 twenty and eighty percent during the for financing, you have to have the right 232 00:17:07.359 --> 00:17:11.519 will, it has to have its twenty percent and that twenty percent I put 233 00:17:11.599 --> 00:17:17.359 in a contract and the other eighty percent during the time of the financing. 234 00:17:22.000 --> 00:17:26.279 So it' s important that we have two fields, have a list property 235 00:17:26.279 --> 00:17:30.240 field. That applies to premises, houses, villas and so on. I 236 00:17:30.279 --> 00:17:33.200 think it' s thirty percent. It seems to me about thirty percent of 237 00:17:33.240 --> 00:17:36.720 the minimum funding that you have to give to start and seventy percent to finance. 238 00:17:38.839 --> 00:17:44.079 If it is an apartment under construction or if one or a place under 239 00:17:44.119 --> 00:17:48.759 construction or if it is a villa under construction, depends on the niche you 240 00:17:48.839 --> 00:17:53.079 love you? Would you like to buy? If you want an apartment. 241 00:17:53.960 --> 00:17:59.160 If you want an apartment, it depends on the budget. It can be 242 00:17:59.519 --> 00:18:03.960 a two or three rooms or four rooms. It' s going to depend 243 00:18:03.079 --> 00:18:06.079 if it' s to live it or if it' s for investment. 244 00:18:06.680 --> 00:18:10.319 They are two different approaches in the conversation of the interview that you are going 245 00:18:10.359 --> 00:18:14.640 to have with your real estate agent, but usually here, in Dominican Republic, 246 00:18:14.759 --> 00:18:15.559 what is the property that you have most. They are asking, for 247 00:18:15.559 --> 00:18:21.440 example, for a one- bedroom apartment in Punta Cana. It' s 248 00:18:21.440 --> 00:18:23.039 multiple. I' ve got a lot of them. I have projects here 249 00:18:23.039 --> 00:18:29.240 in Santo Domingo, a palament of a room that has been sold quite super 250 00:18:29.359 --> 00:18:33.680 well, ok that is super good apartment to go An b and you are 251 00:18:33.720 --> 00:18:37.960 saturated the market here in Airban well. I' d say no, because 252 00:18:37.960 --> 00:18:44.559 it' s that the Irbnb that' s a necessity. Last year, 253 00:18:44.880 --> 00:18:49.599 two million tourists entered the Dominican Republic. A large part went to sando Sunday, 254 00:18:49.920 --> 00:18:52.880 another big palette in Punta Cana, but also another rough one, Puerto 255 00:18:52.880 --> 00:19:00.680 Plata, the Samaná lands are many sectors that go those turris what you think 256 00:19:00.759 --> 00:19:07.319 and that ten million tourists also accompanies the residents as well and we are fourteen 257 00:19:07.319 --> 00:19:11.440 million inhabitants and ten million who came. There are twenty- four million inhabitants 258 00:19:11.440 --> 00:19:15.519 who are here, that a percentage of the locals are also going to vacation, 259 00:19:15.720 --> 00:19:18.839 that is to say that there is also a market for short rent and 260 00:19:18.839 --> 00:19:22.640 for long income, that is, that is indisputable. Now the projection also 261 00:19:22.680 --> 00:19:27.079 follows the same, I mean, this year also continues to a significant amount, 262 00:19:27.559 --> 00:19:33.279 or we are contributing to it to continue growing. But the question came 263 00:19:33.480 --> 00:19:37.240 with regard to the issue of investment. Erbin BE departments are highly profitable, 264 00:19:37.720 --> 00:19:45.440 because the project the question that the customer should ask if they are going to 265 00:19:45.480 --> 00:19:51.880 put it in Irbnb and the project adapts to the Derbnb format. That' 266 00:19:51.880 --> 00:19:55.519 s your key question. You have to make your agent immobilized. The project 267 00:19:55.559 --> 00:20:00.599 adapts to IRRINB. It adapts if it is an Irbyn Be Friendley, if 268 00:20:00.720 --> 00:20:04.640 they accept one and if they have the conditions to put on the platform, 269 00:20:04.920 --> 00:20:11.799 that are two different topics and the conditions are the conditions are a loviteeros that 270 00:20:11.880 --> 00:20:18.400 allow the good vis because that beauty that makes a system of customer service, 271 00:20:18.920 --> 00:20:22.599 that is very important, that it has a good social network, that it 272 00:20:22.759 --> 00:20:29.440 is in an area of interest of the public that will pass through that zone, 273 00:20:29.799 --> 00:20:33.799 because also you can buy an apartment, a residential area, and not 274 00:20:33.839 --> 00:20:37.640 necessarily, even if it is good, it will not necessarily be highly profitable 275 00:20:38.319 --> 00:20:45.680 for two reasons, because the property that you acquire in a property of a 276 00:20:45.799 --> 00:20:52.000 good zone, but it is not highly demanded the opportunists, it will not 277 00:20:52.079 --> 00:20:57.480 be highly profitable for it will not be highly profitable for the WUEST, for 278 00:20:57.480 --> 00:21:03.200 the investor. Let' s say or you said he' s selling a 279 00:21:03.200 --> 00:21:06.759 lot to a one- bedroom apartment. Here, in Santo Domingo there was 280 00:21:06.839 --> 00:21:10.279 a give three a lot ok you' ll be fine, be to go 281 00:21:10.440 --> 00:21:14.920 well, the three ok a one bedroom apartment for irbn B. How much 282 00:21:15.119 --> 00:21:18.920 it' s generating from profitability. I know it depends on the capital of 283 00:21:18.920 --> 00:21:23.480 everything, but on average first, I don' t see read well b 284 00:21:23.640 --> 00:21:29.720 monthly OK I see annual annual. So already, or holy the renter. 285 00:21:30.559 --> 00:21:36.599 The tenant buys an apartment and is buying an apartment because it' s a 286 00:21:37.599 --> 00:21:38.759 business, it' s a business. You have as a property that a 287 00:21:38.799 --> 00:21:44.799 property agrees, but is buying is a business, a business that is annual. 288 00:21:45.920 --> 00:21:48.359 That' s an average. I' d say between 12 and 18 289 00:21:48.359 --> 00:21:56.680 percent return OK. Depends on the apartment you choose varies has OK edges. 290 00:21:56.839 --> 00:22:00.440 That is including whether, for example, you have to pay to give something 291 00:22:00.680 --> 00:22:07.400 to administer it to a person or it is already reduced and not ne gross 292 00:22:07.559 --> 00:22:11.200 gross gross product gross, gross, because that is why I say with an 293 00:22:11.240 --> 00:22:12.400 average or that it is a doscet. The minimum you will receive is twelve 294 00:22:12.480 --> 00:22:15.279 percent and the maximum I will receive an eighteen so but it gives you performance, 295 00:22:15.480 --> 00:22:21.920 SIS discount. That' s what I pay you like that for the 296 00:22:21.920 --> 00:22:22.559 centi who handles it, because that' s right. If I need it, 297 00:22:23.279 --> 00:22:29.640 of course, then look at the Herbin BMS. I don' t 298 00:22:29.640 --> 00:22:33.640 administer it. I have a team of people working in that administration. I 299 00:22:33.720 --> 00:22:37.720 give a lot of greetings to them that you also advise with that you recommend. 300 00:22:37.799 --> 00:22:40.319 Sure, sure, 100%, always a hundred that I vote, 301 00:22:41.039 --> 00:22:44.119 repeat what I sell, what I sell. I mean, I' m 302 00:22:44.240 --> 00:22:48.039 with you from the moment you give your first, your first initial, until 303 00:22:48.119 --> 00:22:52.480 you get your key, and then what we talked about at the negotiating table 304 00:22:52.519 --> 00:22:56.480 when you bought the property. Everything will depend on the conversation of the first 305 00:22:56.599 --> 00:23:04.200 conversation we have ok we like those financial hours we can actually recommend the planning 306 00:23:04.599 --> 00:23:10.200 that you should have for one to be able to start thinking good that I 307 00:23:10.200 --> 00:23:11.079 will buy an investment furniture, that is. That' s not overnight, 308 00:23:11.359 --> 00:23:15.559 I mean. I know Linis was talking about it being a dream of many 309 00:23:15.640 --> 00:23:21.559 people, because it comes immutated from our grandparents, parents and so on. 310 00:23:21.599 --> 00:23:25.079 But to stop being a dream becomes a real goal that we need to plan, 311 00:23:25.799 --> 00:23:30.200 we need to know everything that involves. Becoming an investor of a real 312 00:23:30.240 --> 00:23:33.319 estate, it' s not just me having the initial this we were talking 313 00:23:33.319 --> 00:23:37.720 about. You have to also have an extra money for everything that involves buying 314 00:23:37.839 --> 00:23:42.480 a property, that is, it carries legal expenses, it carries maintenance expenses, 315 00:23:44.279 --> 00:23:49.279 it carries the interest of the loan furnishing it in case the dear transfer 316 00:23:49.359 --> 00:23:55.319 tax that gives you here in the putting together the annual LIPI applies to the 317 00:23:55.480 --> 00:24:03.519 first amount remember that your first place acquires a first home and is exempt up 318 00:24:03.640 --> 00:24:07.319 to nine million. Yes, eight hundred thousand pesos of Lippi de Lippic, 319 00:24:07.400 --> 00:24:08.880 that is, you don' t pay tax, yes, yes, yes, 320 00:24:10.200 --> 00:24:14.880 it' s tourist and it' s under the law of Confotro and 321 00:24:14.960 --> 00:24:15.599 it' s taken the project or the project or the apartment. Yeah. 322 00:24:15.640 --> 00:24:19.359 The advisor tells me. Of course, from scratch. Remember that the professor 323 00:24:19.400 --> 00:24:22.799 is going to be from scratch with you and you' re going to have 324 00:24:22.839 --> 00:24:25.920 to ask him the questions of the place. That' s all before. 325 00:24:26.200 --> 00:24:29.599 So, in the tourist area, those apartments are exempt from that IPI. 326 00:24:30.839 --> 00:24:34.920 Not if the project is taken up by that regulation or because there are projects 327 00:24:36.000 --> 00:24:37.559 that are not accepted by that regulation? It may be that I have taken 328 00:24:37.960 --> 00:24:44.039 you to a trust or is caught with fotur will depend on what the promoter 329 00:24:44.119 --> 00:24:51.920 chooses to be able to offer it as part of the project package and those 330 00:24:52.000 --> 00:24:55.799 simules that you say are hosted can be anywhere in the country or in specific 331 00:24:55.880 --> 00:24:59.799 areas. They' re specific. It is like a section with a hobby 332 00:24:59.880 --> 00:25:04.039 to how what Capcana site, for example, we have several real estate projects 333 00:25:04.079 --> 00:25:08.359 in the tourist area, specifically in Capcana, properties ranging from$ 200, 334 00:25:08.920 --> 00:25:14.000 000 to$ 10 million, depending on the type of property they want to 335 00:25:14.119 --> 00:25:22.559 acquire, can enter Walli Presnet. There are many more information in the mountain, 336 00:25:22.640 --> 00:25:29.279 also in the speck, a tourist pole. If the promoter, or 337 00:25:29.319 --> 00:25:38.920 is clearly proposed, remember that this is, the promoter decides what project is 338 00:25:38.960 --> 00:25:45.640 going to be on his site and when deciding on it, he will also 339 00:25:45.960 --> 00:25:48.720 put amenities to make it attractive to the public. Okay, you' re 340 00:25:48.799 --> 00:25:52.799 going to take a law, you' re going to do it with trust 341 00:25:52.880 --> 00:25:56.319 and how it' s committed by the low- cost administration commission or trustee, 342 00:25:56.680 --> 00:26:00.640 which is two, it' s two curls or seven, if it 343 00:26:00.680 --> 00:26:03.839 ' s one, you' re going to take it to a confutor law, 344 00:26:04.319 --> 00:26:14.640 which is also important that issue that he has a lot, a lot, 345 00:26:14.920 --> 00:26:18.119 many tax exceptions because he doesn' t pay tax for fifteen years, 346 00:26:18.359 --> 00:26:22.720 if it' s with more photor, he doesn' t pay the transfers 347 00:26:22.720 --> 00:26:22.200 either, or yes, they' re many incentibles, of course they' 348 00:26:22.200 --> 00:26:23.039 re rare, the truth, supposedly large, yes you. I can tell 349 00:26:23.079 --> 00:26:27.480 you that when we started talking about this issue, when I was buying my 350 00:26:27.559 --> 00:26:30.920 first property, which was in the eighteen thousand, and I was already sharing 351 00:26:30.920 --> 00:26:34.079 what you have to take into account, what are those expenses that nobody ever 352 00:26:34.119 --> 00:26:38.440 told me and I found myself at the time. True yes to being in 353 00:26:38.920 --> 00:26:42.200 the buying process and people said, but you can' t how. Like 354 00:26:42.480 --> 00:26:45.599 that. No one knows, no, he said. I' m talking 355 00:26:45.759 --> 00:26:48.759 about the initial twenty percent and you' re already a long way away, 356 00:26:48.839 --> 00:26:52.319 that is, twenty percent. It doesn' t cover your purchase of a 357 00:26:52.319 --> 00:26:55.400 property. You need a lot more. Is the property been a property that 358 00:26:55.480 --> 00:26:59.039 is ready? OK, it' s a taste that' s ready. 359 00:26:59.400 --> 00:27:03.440 You' re going to pay after 20 percent and you' re going to 360 00:27:03.440 --> 00:27:06.920 take funding. You can buy it, see the and pay the three for 361 00:27:07.039 --> 00:27:10.880 Va to have to pay three percent of the airport transfer value three percent, 362 00:27:11.279 --> 00:27:14.640 right, and you' re going to pay if it' s like a 363 00:27:14.640 --> 00:27:18.759 financing. Obviously some legal expenses that that charges directly. It' s charged 364 00:27:18.799 --> 00:27:21.160 to you by the bank that can sometimes be clear. Sure, sure, 365 00:27:21.279 --> 00:27:23.759 sure, keep from scenes of a thousand status. You too where you can 366 00:27:25.039 --> 00:27:27.960 depend. It' s going to depend on the apartment you choose or the 367 00:27:29.000 --> 00:27:33.240 property you choose It' s obviously coming back again That' s going to 368 00:27:33.240 --> 00:27:34.880 depend on the X- ray. That' s why it has to be 369 00:27:34.920 --> 00:27:41.240 planned that in the case of so much finance it is so important because it 370 00:27:41.519 --> 00:27:45.000 plans to you that you have a good real estate advice and a good financial 371 00:27:45.000 --> 00:27:51.799 soria. The risk of going wrong or something different is likely to be reduced 372 00:27:51.880 --> 00:27:56.119 to the minimum. Yes, preparation is important, not only for all those 373 00:27:56.200 --> 00:28:00.559 expenses that we are talking about, but also for us. We' ve 374 00:28:00.640 --> 00:28:03.599 already been to an interior design podcast. Hey, I suck. I' 375 00:28:03.599 --> 00:28:07.720 m going to see you and the girls were telling us that, in their 376 00:28:07.720 --> 00:28:12.680 experience with all the clients who have worked for like them, truth as they 377 00:28:12.720 --> 00:28:17.319 are detenteed to charge and so on, they recommend at least twenty to thirty 378 00:28:17.519 --> 00:28:21.759 percent of the amount of your property, of the price of furniture for you 379 00:28:21.880 --> 00:28:25.799 to have as available for the design, to know without contemplating very good, 380 00:28:25.839 --> 00:28:27.079 very good, that is, twenty percent of the cost of what of the 381 00:28:27.240 --> 00:28:30.160 cost of the property that eats very well you can have in mainta very good, 382 00:28:32.000 --> 00:28:34.359 very good that not only to furnish, but to put it nice, 383 00:28:34.519 --> 00:28:38.559 that if ros and rock gra everything when it is for sure good, yes 384 00:28:38.799 --> 00:28:41.720 of that of what later lied, yes, well enough and put the unit 385 00:28:42.079 --> 00:28:51.359 of apartment pretty. That' s pretty helpful to the rating of that of 386 00:28:51.440 --> 00:28:55.799 the unit of the irbnb. If you have an apartment that you invested three 387 00:28:55.880 --> 00:29:02.799 hundred thousand dollars and made a very low psycho furnished, it will probably also 388 00:29:03.160 --> 00:29:10.599 impact on the Va will also impact on the way the guest perceives the space. 389 00:29:11.559 --> 00:29:15.559 However, if you take time for a decorator to put his hand on 390 00:29:15.640 --> 00:29:17.240 it, or we' re going to say it like that. Or an 391 00:29:17.279 --> 00:29:18.759 archiitegia has its value, of course, it has a value. So that 392 00:29:18.839 --> 00:29:22.759 ' s going to give the guest a different experience and he' s going 393 00:29:22.799 --> 00:29:26.680 to repeat and give the apartment a good ranking and even, that is, 394 00:29:26.880 --> 00:29:30.319 do projects. So, inside the building. It increases the value of the 395 00:29:30.400 --> 00:29:33.640 furniture itself, i e the surplus value. It increases over time, because 396 00:29:33.759 --> 00:29:36.920 if I made a kitchen in my model, for example, not for the 397 00:29:37.000 --> 00:29:41.720 MNB. If I decorated the beautiful kitchen, made it last model, that 398 00:29:41.759 --> 00:29:48.200 also generates a value alems look. There I want to tell you something and 399 00:29:48.240 --> 00:29:53.440 stop at that point. The price of the unit is not determined by the 400 00:29:55.000 --> 00:29:59.599 termination OK is determined by the location. OK. You can have a property 401 00:29:59.640 --> 00:30:04.319 right now. Let' s put it that way in a popular sector, 402 00:30:04.720 --> 00:30:11.519 that the price per square meter oxyle that I know one eight hundred dollars per 403 00:30:11.599 --> 00:30:19.079 square meter and you to that property puts a finish like marble, puts a 404 00:30:19.119 --> 00:30:22.880 granite of India, which is very expensive. Opposes that he takes Chinchi Rock 405 00:30:23.079 --> 00:30:30.119 and makes a large investment in that apartment and spends if the apartment costs a 406 00:30:30.240 --> 00:30:36.160 hundred legate, follow you to the apartment in decoration, will not vary the 407 00:30:36.240 --> 00:30:41.319 prisoner by degree of the apartment. It was a personal taste in investment. 408 00:30:41.880 --> 00:30:47.640 Yeah, but I understand that I mean a buyer, you could make him 409 00:30:47.759 --> 00:30:49.279 no at the square price, but at the total amount. I mean, 410 00:30:49.319 --> 00:30:52.880 that' s what I think. I don' t know you can correct 411 00:30:52.880 --> 00:30:57.680 me right. It' s if I have a kitchen like super old that 412 00:30:57.839 --> 00:31:04.039 ' s nothing and I have another apartment right next door and I have the 413 00:31:04.119 --> 00:31:08.079 kitchen fixed, the diaper regulated. I understand that not at the square price, 414 00:31:08.440 --> 00:31:11.839 but at the total value I could increase it a little bit. It 415 00:31:11.400 --> 00:31:15.839 ' s not going to affect the decision. I mean, it' s 416 00:31:15.960 --> 00:31:18.359 not that I' m gonna do it for that, it' s not 417 00:31:18.519 --> 00:31:21.920 that I' m gonna do it for that, but I understand, as 418 00:31:21.920 --> 00:31:22.920 a buyer, that I' m seeing right now. If I see two 419 00:31:22.039 --> 00:31:26.920 houses, maybe I would give I don' t know ten thousand dollars more 420 00:31:27.039 --> 00:31:30.920 for the side that has the kitchen done the bathroom in fact, which doesn 421 00:31:32.079 --> 00:31:33.559 ' t mean that I' m going to pay, I mean, I 422 00:31:33.759 --> 00:31:37.359 ' m going to pay the person who did it what it cost him, 423 00:31:37.720 --> 00:31:41.000 but it' s going to be worth a little bit more just than the 424 00:31:41.000 --> 00:31:42.079 one next door, which has nothing. Of that I don' t know, 425 00:31:42.559 --> 00:31:47.119 it' s not going to cost more, it' s going to 426 00:31:47.119 --> 00:31:51.559 sell faster. The price is the same. You got it. I always 427 00:31:51.599 --> 00:31:53.880 make an example. I wish we had a blackboard that I' m going 428 00:31:53.880 --> 00:31:59.440 to give you an example. A property in an area where the houses are 429 00:31:59.559 --> 00:32:05.119 all of one level and you go in that sector, three levels of that 430 00:32:05.200 --> 00:32:07.400 house, the prisoner for the meth is going to be the same as the 431 00:32:07.480 --> 00:32:15.480 one and puts the finish the best you did to that house. If it 432 00:32:15.559 --> 00:32:20.559 ' s the opposite and you start to lose forgiveness and start losing money because 433 00:32:20.960 --> 00:32:24.839 you increased the construction volume, then it' s moving it away, you 434 00:32:24.960 --> 00:32:28.839 ' re leaving it from the prospective buyer of the property. However, if 435 00:32:29.160 --> 00:32:34.079 you have in the same sector where everyone is proven expensive and yours is the 436 00:32:34.359 --> 00:32:38.920 smallest, your house is probably going to be worth more, that is, 437 00:32:39.680 --> 00:32:45.440 it' s going to have more price than the property of the environment because 438 00:32:45.960 --> 00:32:50.079 your house was small and they' re going to have to pay more money 439 00:32:50.160 --> 00:32:52.240 for your smaller home. That' s what happens in the meadows. That 440 00:32:52.279 --> 00:32:59.279 happened in the prairie, that happens in almost cassagos that you see very small 441 00:32:59.319 --> 00:33:04.759 houses, very large, very beautiful and has a small house next door. 442 00:33:05.440 --> 00:33:09.920 That little house is probably going to bless more expensive for this by the square 443 00:33:10.279 --> 00:33:15.839 meter than the big house next door. And when you take your surplus value 444 00:33:16.000 --> 00:33:20.920 there, it increases. If it' s the opposite, that you have 445 00:33:21.240 --> 00:33:24.200 a small house, well, a big house where all the houses are small, 446 00:33:24.640 --> 00:33:28.759 you start to lose money. And that applies for termination this time because 447 00:33:29.519 --> 00:33:32.359 the public doesn' t pay you for termination for a personal taste. You 448 00:33:32.440 --> 00:33:42.160 can put where the residential has the natural granite and you put marble on tops. 449 00:33:43.319 --> 00:33:45.519 It is a personal taste in a taste plou was worth, because I 450 00:33:45.720 --> 00:33:50.000 think the surplus value and location the area, the public that is there. 451 00:33:50.839 --> 00:33:52.400 That' s why it' s important. That' s okay, the 452 00:33:52.640 --> 00:33:58.559 location has super priority, but the same is the part that one property is 453 00:33:58.640 --> 00:34:00.400 better than another, for example, in the same tower. If I see 454 00:34:00.480 --> 00:34:02.039 a building that has, for example, ter marble floor versus the other, 455 00:34:02.319 --> 00:34:06.440 i e, I' m willing to pay a little more. So that 456 00:34:06.519 --> 00:34:08.960 ' s where the consumer' s part comes in and looks like the next. 457 00:34:09.280 --> 00:34:12.440 Not what it' s going to be, what it' s going 458 00:34:12.480 --> 00:34:15.760 to wear. It can go up, I mean, I can pay more 459 00:34:15.760 --> 00:34:17.960 for that, for people you can pay more the weight is going to be 460 00:34:19.000 --> 00:34:21.000 the same, what' s going to be the pte, the square mento. 461 00:34:21.599 --> 00:34:24.599 But even for example, in my house, when I bought the first 462 00:34:24.679 --> 00:34:30.960 property very well, I paid more than the valuation said. In the six 463 00:34:30.039 --> 00:34:34.639 world, I know, I pay fair, but in the first I can 464 00:34:34.719 --> 00:34:37.920 give you the example. I pay more than you want the valuation. And 465 00:34:37.400 --> 00:34:43.559 I sold it two thousand that two thousand twenty- one with a profit one 466 00:34:43.639 --> 00:34:46.239 seventeen percent very good. But you go back to the whole thing. If 467 00:34:46.320 --> 00:34:51.039 you have the same tower, the same tower, it' s the same 468 00:34:52.000 --> 00:34:53.519 location, it' s the same price per square meter. Where the difference 469 00:34:53.599 --> 00:34:59.320 in proto petisibility is going to be, but it' s not going to 470 00:34:59.320 --> 00:35:01.360 change the price. But no, the price doesn' t hold, because 471 00:35:01.480 --> 00:35:06.840 the shock is going to stay and you say exactly, but the deal between 472 00:35:06.840 --> 00:35:08.840 pas What happens is that the market price of the valuation is not the same 473 00:35:08.960 --> 00:35:12.960 as that of the valuation, that is, not necessarily. It' s 474 00:35:12.960 --> 00:35:16.039 your question. Or my comment is that what Kimberley says is that, that 475 00:35:16.360 --> 00:35:20.599 is, you say that the price per square meter is not going to vary 476 00:35:20.679 --> 00:35:28.079 from the valuation of the apartment. But or, but really, for example, 477 00:35:28.199 --> 00:35:32.360 what happened in Pandemia that many sellers, that is, there was little 478 00:35:32.480 --> 00:35:37.400 supply, a lot of demand because the rates were low of loans mortgage many 479 00:35:37.480 --> 00:35:44.280 people wanting to buy little supply, the sellers had more replay with the price. 480 00:35:45.239 --> 00:35:49.280 Then they' d raise the price. That' s why he said 481 00:35:49.360 --> 00:35:52.599 who to see him, maybe because they were finished, because they had a 482 00:35:53.000 --> 00:35:55.400 lot of people wanting to buy him and in greater demand. The price goes 483 00:35:55.599 --> 00:35:59.679 up I run. There, yes, there it applies, but it does 484 00:35:59.719 --> 00:36:01.800 not apply for the nation trainara, it applies for the demand of the public. 485 00:36:02.000 --> 00:36:06.320 There, it does apply. I say it is if you have that 486 00:36:06.360 --> 00:36:10.760 finish, this finish of this set is very nice. That finish. It 487 00:36:10.880 --> 00:36:14.039 ' s not going to vary the square presupomet. Which will vary in the 488 00:36:14.079 --> 00:36:17.400 petisibility of the faithful. Oh, he' s so willing to pay me. 489 00:36:17.400 --> 00:36:22.519 Okay, I mean, you can put it here right now if it 490 00:36:22.960 --> 00:36:27.360 ' s gratito granite that has the floors and put porcelain on it, which 491 00:36:27.360 --> 00:36:30.719 is more expensive. It' s not going to vary the price, because 492 00:36:30.840 --> 00:36:32.360 I put granite on the floor. No, but it helps your specie see 493 00:36:32.440 --> 00:36:37.079 you. Help him, help him Help your speech, help the spee of 494 00:36:37.159 --> 00:36:44.280 What are the tips to leave to the public, those tips you say look. 495 00:36:45.280 --> 00:36:46.599 If you' re going to invest in a real estate, you have 496 00:36:46.679 --> 00:36:52.440 to take this into account. You' ve already mentioned enough the important eight 497 00:36:52.519 --> 00:36:54.719 location in any field, ready or under construction. What I did was fundamental 498 00:36:55.000 --> 00:37:01.960 to me. Okay, what else does the completion, the termination of the 499 00:37:02.400 --> 00:37:07.239 unit, what does the project have? Remember that you are always tied to 500 00:37:07.280 --> 00:37:14.159 the intention, because you can call me cool and look for me a commercial 501 00:37:14.760 --> 00:37:16.840 place, because my lawyer' s office, for example, I' ll 502 00:37:16.840 --> 00:37:21.840 tell you good. But this area or this area or not. I want 503 00:37:22.039 --> 00:37:28.199 an apartment for me to live and my budget is this. What are the 504 00:37:28.239 --> 00:37:31.760 best areas I can buy with this budget, which is important to know what 505 00:37:31.760 --> 00:37:36.400 is the best I can buy to say look at this which are the best 506 00:37:36.519 --> 00:37:39.280 areas with$ 200, 000. There are several very good ones right now. 507 00:37:39.800 --> 00:37:44.559 I have known two scrub rooms, two to three, two or three, 508 00:37:45.119 --> 00:37:50.360 if it is two meadows, because they are a good place ok Colean 509 00:37:50.440 --> 00:37:57.239 of the rivers Villamarina, Urración Galá, that could seem a similar option that 510 00:37:57.239 --> 00:38:01.360 more or less walks for 200 if it is under construction with two hundred thousand 511 00:38:01.440 --> 00:38:06.880 dollars, it can be the independence, all of the city, because if 512 00:38:07.360 --> 00:38:12.320 we go also to the tourist part, I can also tell you of another 513 00:38:13.119 --> 00:38:15.159 Don Town Cana, very good area, if it is for investment, very 514 00:38:15.159 --> 00:38:21.039 good area. Vista cana cap Canal, which city of Lascana, that could 515 00:38:21.199 --> 00:38:27.440 appear some kind of project of hundred and two hundred thousand dollars. Yes, 516 00:38:27.559 --> 00:38:30.920 it' s very good. We eat very good. My later, if 517 00:38:30.960 --> 00:38:35.760 we already compare investment, there are two rooms in view, here very good, 518 00:38:36.039 --> 00:38:39.320 of rooms one hundred and fifteen thousand dollars. Talking to you, ay, 519 00:38:39.960 --> 00:38:44.599 ay and already danced and there is very good, very good something a 520 00:38:44.599 --> 00:38:46.840 term, very good, very good, very good question for a person who 521 00:38:46.920 --> 00:38:52.239 wants to invest in plans, what questions he has to ask his advisor, 522 00:38:52.760 --> 00:38:57.920 that is, because there are many things that he has to take into account, 523 00:38:57.960 --> 00:39:01.440 for example, the history of the builder. Very important, super important 524 00:39:01.960 --> 00:39:06.960 to read that contract, because if it doesn' t arrive in time, 525 00:39:07.119 --> 00:39:10.480 that is, if it doesn' t meet in time, what are the 526 00:39:10.480 --> 00:39:13.000 hardships, that is, tell us with spoons, with pencils. All right, 527 00:39:13.599 --> 00:39:15.000 I want to invest in blueprints. I want what I have to ask 528 00:39:15.039 --> 00:39:17.320 a lot, what I have to know, what a little literacy. I 529 00:39:17.400 --> 00:39:22.880 have to read look. None of the electrics are small. All sas are 530 00:39:22.960 --> 00:39:27.719 big. You people are fast- paced. I' ll tell you this. 531 00:39:28.239 --> 00:39:32.679 When a promoter is good, no matter what you sign. The builder 532 00:39:32.760 --> 00:39:37.519 is good and the project is good. That' s how you make a 533 00:39:37.559 --> 00:39:42.320 healthy decision. It' s because a filter passed that the project is good, 534 00:39:42.760 --> 00:39:47.679 that the promoter has a trust or has a track record. Then you 535 00:39:47.880 --> 00:39:52.719 started evaluating the contract now. But be all contracts are very similar, not 536 00:39:53.280 --> 00:39:59.599 to say the same. All have a closure or closures that go for the 537 00:40:00.079 --> 00:40:06.480 acquirer or for the promoter. You always have to take two big things into 538 00:40:06.480 --> 00:40:10.840 account. The form of payment. You have a very important blown and the 539 00:40:10.960 --> 00:40:15.559 way to get through so much. If you make a good form of payment 540 00:40:15.440 --> 00:40:21.119 and the promoter agrees and you can comply with that you will comply. You 541 00:40:21.239 --> 00:40:25.119 can do it. That' s vital when I talk a lot about this 542 00:40:25.159 --> 00:40:30.360 when it comes to making the investment to make the real estate impressions. If 543 00:40:30.440 --> 00:40:35.639 you say the same and we' re going to find an apartment for me 544 00:40:35.679 --> 00:40:38.039 to invest, look for me to invest and I' ll go, I 545 00:40:38.039 --> 00:40:42.400 ' d say good. Well, let' s make a strategic plan for 546 00:40:42.440 --> 00:40:45.000 you to lie down. He feels drowned because you' re buying me a 547 00:40:45.079 --> 00:40:51.639 house for your living, he' s buying a property for your investment and 548 00:40:51.639 --> 00:40:52.800 then putting it on rent. It means you' re not expecting that one. 549 00:40:53.199 --> 00:40:58.639 That one? That is an investment therefore, the cost, the fee, 550 00:40:58.920 --> 00:41:01.840 the start, the down- painment that what you give of separation has 551 00:41:01.880 --> 00:41:07.320 to be very appropriate, very wise, depending on what you can pay to 552 00:41:07.559 --> 00:41:10.280 not feel drowned, because the idea is not that. The idea is that 553 00:41:10.360 --> 00:41:15.360 you make an investment, wherever it is, but make a healthy, planned, 554 00:41:15.119 --> 00:41:19.920 planned investment, like you, behind the part of finance that for us 555 00:41:19.960 --> 00:41:25.639 is very important for the person to know that he or she is making an 556 00:41:27.079 --> 00:41:31.840 acquisition of property in an apartment, in a property where the promoter has a 557 00:41:32.159 --> 00:41:36.039 is a trustee or a promoter with high value. I mean, you have 558 00:41:36.119 --> 00:41:37.800 a lot of time in the real estate industry. It does not mean that 559 00:41:37.840 --> 00:41:42.480 there are many new drivers, so young, too that they are doing very 560 00:41:43.639 --> 00:41:45.400 well and very important. When one is going to buy, when one is 561 00:41:45.440 --> 00:41:50.960 going to buy on balance, it is important for one to know that not 562 00:41:51.000 --> 00:41:54.239 only do one have to meet those quotas that one pattern that is selling me 563 00:41:54.639 --> 00:41:58.480 the project, but also that it will come the day when I have to 564 00:41:58.519 --> 00:42:01.559 take a prisoner. So take care of me with my record and give me 565 00:42:01.559 --> 00:42:06.320 these intradience, because you can go three we are and if I don' 566 00:42:06.559 --> 00:42:07.440 t bank it, yes, very good. Ida this by means of very 567 00:42:07.519 --> 00:42:12.239 good but that very good part the idea also of buying in plan. You 568 00:42:12.280 --> 00:42:16.320 can also produce that. You can play with the initial. If you' 569 00:42:16.480 --> 00:42:21.639 re 40 percent initial, you' ll lose your income. You can play 570 00:42:21.760 --> 00:42:24.760 with that putting up a payment plan, so that payment plan will allow you 571 00:42:24.760 --> 00:42:30.400 to get IT organized for two reasons. He can arrange for you for the 572 00:42:30.559 --> 00:42:36.519 time you' re going to receive the capital. For example, you have 573 00:42:36.800 --> 00:42:42.320 twenty- four months to pay and you can pay a thousand hundred dollars a 574 00:42:42.519 --> 00:42:45.719 month, but you have other annual income. Tonces well, because I receive 575 00:42:45.079 --> 00:42:50.679 speak a double salary bonus, a property that you see you will sell or 576 00:42:50.719 --> 00:42:53.400 that you are selling, that you will receive. You have an estimate of 577 00:42:53.440 --> 00:42:55.599 the time you can sell, which, by the way, a property can 578 00:42:55.639 --> 00:42:59.679 be sold in one, which, by the way, a property can be 579 00:43:00.760 --> 00:43:04.159 sold in three months. If the property hasn' t been sold in three 580 00:43:04.159 --> 00:43:07.519 months, you need to check the price to see what' s going on, 581 00:43:07.800 --> 00:43:09.280 what' s going on with your furniture. Oh, very good tip 582 00:43:09.719 --> 00:43:14.920 and you have to you with your low head cipher, you have to tell 583 00:43:15.280 --> 00:43:16.840 them look what happened and it' s going to tell you exactly good. 584 00:43:16.880 --> 00:43:21.079 The price is a little out of context. Or there are other projects in 585 00:43:21.199 --> 00:43:23.119 the other department, in the area, but stable right now. The appetizer. 586 00:43:23.280 --> 00:43:25.280 That' s exactly where it applies, don' t go up. 587 00:43:25.320 --> 00:43:30.239 Let' s make it nicer. Not out there, maneto That' s 588 00:43:30.239 --> 00:43:34.920 good. Send something to the consubueno. I like that because you guys have 589 00:43:34.960 --> 00:43:38.960 a separate one of your property that I imagine is pretty. They keep her 590 00:43:38.960 --> 00:43:43.960 pretty. That keeps the price, of course, and there' s appetite 591 00:43:43.960 --> 00:43:45.800 for the brutal. Now to sell it clear. I didn' t buy 592 00:43:45.840 --> 00:43:47.719 an apartment to leave it like this. No, no, no, you 593 00:43:47.840 --> 00:43:52.360 have to give the maintenance inside your apartment and if something starts to correct it, 594 00:43:52.480 --> 00:43:55.840 let us do it at the same time, because when you' re 595 00:43:55.840 --> 00:43:59.760 going to sell it, you' re going to sell it real estate, 596 00:43:59.880 --> 00:44:02.960 you know you' re going to see, you' re going to have 597 00:44:02.960 --> 00:44:06.280 to either do it or lower the price. Yes, there must be the 598 00:44:06.320 --> 00:44:10.079 difference between a straight quasition, but it is extremely good to buy to purchase 599 00:44:10.239 --> 00:44:14.280 your property with little money. You give a ten, a fifteen, a 600 00:44:14.320 --> 00:44:19.039 twenty percent separation. There it has a carse premiere your class saves, investment, 601 00:44:19.559 --> 00:44:22.360 a savings and investment plan, that, that' s vital when it 602 00:44:22.360 --> 00:44:25.679 comes to acquiring it. What the question closes that when we talk about investments, 603 00:44:25.840 --> 00:44:30.559 we also really talk about everything beautiful. What needs to be taken into 604 00:44:30.639 --> 00:44:34.599 account planning, and so on, but we also talk about risks very well 605 00:44:34.679 --> 00:44:40.679 what are the risks that you can account for of real estate investments that is 606 00:44:40.800 --> 00:44:45.159 like the project that ugly ma the promoter, that is a fraud. How 607 00:44:45.199 --> 00:44:53.920 we are going news fraud in the real estate sector, with the right questions 608 00:44:54.840 --> 00:44:59.760 to your promoter and to your act, to your agent coming from roots. 609 00:45:00.760 --> 00:45:06.480 It' s fundamental, because your real estate agent isn' t going to 610 00:45:07.039 --> 00:45:09.159 want to add to a project that' s a bad- intentioned promoter. 611 00:45:09.519 --> 00:45:13.440 It' s very unlikely then what' s going on with your moving agent. 612 00:45:13.519 --> 00:45:17.519 It' s going to be an investigation into that project and it' 613 00:45:17.880 --> 00:45:22.639 s probably going to tell you the status status or two clearly doesn' t 614 00:45:22.639 --> 00:45:25.880 look. I think this project promoter is not going to be in line with 615 00:45:25.920 --> 00:45:30.480 reality and he' s going to tell you this. That' s not 616 00:45:30.559 --> 00:45:35.599 so ibn B not closed for a month, for example, it can go 617 00:45:35.760 --> 00:45:38.159 to risk or a long- term tenant who won' t go away either 618 00:45:38.159 --> 00:45:40.280 or that' s bad pay, there' s bad peace. I look 619 00:45:40.280 --> 00:45:45.320 at that, that' s a risk, though it doesn' t really 620 00:45:45.400 --> 00:45:47.840 prevent it, but you' re in finance. There are margins of errors, 621 00:45:49.599 --> 00:45:52.639 of course. Now what we have to reduce the margin of errors, 622 00:45:52.159 --> 00:45:57.840 penalties, put against penalty. Even hardship doesn' t do a good debugging. 623 00:45:58.880 --> 00:46:02.079 It' s the key when you do a good analysis and a good 624 00:46:02.079 --> 00:46:07.039 debugging. That' s fundamental. We expose, for example, as a 625 00:46:07.119 --> 00:46:12.599 promoter. Who is that person who has done I have real estate projects. 626 00:46:12.639 --> 00:46:15.800 Right now that I' m promoting, I' m over fourteen years old 627 00:46:15.800 --> 00:46:21.920 working with them. WOW then is unlikely unlikely. A person I have so 628 00:46:22.000 --> 00:46:27.079 much time working with. That person has given good and fulfilled me what you 629 00:46:28.480 --> 00:46:31.840 do It helps you quite understand and pass it on to the audience. True, 630 00:46:32.239 --> 00:46:36.440 to laugh at the audience what kind of person, to that person, 631 00:46:36.639 --> 00:46:39.519 what their companies have done, what the previous projects are. I have things 632 00:46:39.559 --> 00:46:45.280 to do now. If he' s a new promoter, I do a 633 00:46:45.440 --> 00:46:50.119 doom dout dialing life, but I know what he is. If the land 634 00:46:50.159 --> 00:46:52.480 is still the name of the builder. If you have a payment plan, 635 00:46:52.840 --> 00:46:54.920 if you have a payment plan for the land? Do you have a plan 636 00:46:55.000 --> 00:46:59.239 to pay the land if you already paid the initial and so you already paid 637 00:46:59.280 --> 00:47:04.119 the total of that of the plot? If you have a form of payment 638 00:47:04.199 --> 00:47:09.079 for the land, if it is a trust, if the promoter has already 639 00:47:09.239 --> 00:47:13.639 started the work, or when you are going to start now, if we 640 00:47:13.639 --> 00:47:16.480 have the permits, in what time, more or less, estimate, we 641 00:47:16.559 --> 00:47:19.480 will have the permissions to start the work. All this is important, not 642 00:47:19.519 --> 00:47:22.320 for me, in this case, in order to mitigate the risks and be 643 00:47:22.400 --> 00:47:28.920 able to advise the public well, as well as to ask the advisor the 644 00:47:29.000 --> 00:47:31.239 level of occupation as you look at ah not very important also when that is 645 00:47:31.679 --> 00:47:35.280 rented even yourself. No, or what the ritorial is called. Seeing with 646 00:47:35.360 --> 00:47:37.840 my thinking Sunday. The occupation is sixty- five percent of any unit and 647 00:47:37.880 --> 00:47:43.679 in Punta Cana, in Punta Cana, well, it depends, it depends 648 00:47:43.800 --> 00:47:47.280 on the area ok. I have an apartment in Capcana, ok city of 649 00:47:47.280 --> 00:47:52.000 the Canas. I can teach you the same thing to my list and I 650 00:47:52.039 --> 00:47:58.079 have an occupation there of eighty percent. Well, you dream, and I 651 00:47:58.360 --> 00:48:01.119 have and I have a good price in the apartment. That can also happen 652 00:48:01.159 --> 00:48:06.400 in Vistacana, for example, or in Dantown, m Dantau and you saw 653 00:48:06.400 --> 00:48:07.960 Cara. I think it' s a really good area. It is going 654 00:48:07.960 --> 00:48:12.880 to Barollar from another story is very good too, but I can measure with 655 00:48:12.960 --> 00:48:17.760 these in Capcana a good occupation, because there are many activities in Don Town, 656 00:48:19.239 --> 00:48:22.039 there are many activities, for example, that is Cocobongo, which is 657 00:48:22.320 --> 00:48:25.440 a focus of tourism to that area. So, that' s why the 658 00:48:27.800 --> 00:48:30.320 occupation increases the same. Luista canavista here right now has a real estate eye, 659 00:48:30.840 --> 00:48:36.239 an important real estate eye, because she already has the fishing park ready. 660 00:48:36.400 --> 00:48:43.800 It has ready on the artificial beach goes A is already invested in the 661 00:48:43.880 --> 00:48:47.960 infrastructure of the project, but it is important to know who is behind the 662 00:48:47.960 --> 00:48:52.519 project. Then the acquirers. But that' s a job you have to 663 00:48:52.519 --> 00:48:54.920 do. This real estate agent, your trusted agent, has to do the 664 00:48:54.960 --> 00:49:00.000 research, your best friend, of course how not you do to be a 665 00:49:00.079 --> 00:49:06.360 banker, your financier, a lawyer, an accountant, because also star mobilebar 666 00:49:06.480 --> 00:49:09.159 clear. So, after, yes, of course, of course, he 667 00:49:09.159 --> 00:49:13.239 and what he will be grows your capital, because he knows that if your 668 00:49:13.320 --> 00:49:15.400 capital grows, his capital also grows. Sure, mouth is the best. 669 00:49:15.840 --> 00:49:19.400 That' s some publicity. One hundred percent, one hundred percent gual and 670 00:49:19.480 --> 00:49:23.079 so, a thousand thanks for your time to help us develop this episode, 671 00:49:23.199 --> 00:49:28.280 that I am sure that people leave with a lot of content to do their 672 00:49:28.400 --> 00:49:32.840 homework and be able to make this decision well with information, with planning, 673 00:49:34.119 --> 00:49:37.519 with the hand of a good real estate advisor, because it is an aggressive 674 00:49:37.599 --> 00:49:39.679 goal, an aggressive goal that requires a lot of money. Yeah, yeah, 675 00:49:39.880 --> 00:49:43.480 yeah. It is so and as we said behind cameras, it is 676 00:49:44.000 --> 00:49:49.480 a subject that has so many subtopics and so maintained that we can make many 677 00:49:49.559 --> 00:49:54.159 episodes of this topic, but this consolidates a lot of key and necessary information 678 00:49:54.159 --> 00:49:57.320 that everyone should know. Everyone who' s thinking about investing in a clear 679 00:49:57.559 --> 00:50:00.599 property. I think they leave with a guide to what questions, to ask, 680 00:50:00.800 --> 00:50:04.239 what to take into account, how the market is doing. So we 681 00:50:04.440 --> 00:50:08.360 thank you so much, Wally, for all this information. As Kimbery said, 682 00:50:08.400 --> 00:50:14.400 people have already been left with homework to achieve that dream that we all 683 00:50:15.880 --> 00:50:19.920 have nothing else to find. Okay. You can enter Instagram, Waly Pere 684 00:50:20.079 --> 00:50:24.079 Bende or on the website, Wally with i latina with Creo, Waly Perez 685 00:50:24.159 --> 00:50:30.199 Vende or on Instagram and YouTube also ay on YouTube we also have several. 686 00:50:31.719 --> 00:50:37.639 We have on the website. There is a blog where there is a lot 687 00:50:37.039 --> 00:50:42.239 of investment content for you investor. I guarantee you' ll love it, 688 00:50:42.639 --> 00:50:45.960 so there' s a lot of valuable information I know. There are also 689 00:50:46.079 --> 00:50:52.440 guides on how to make real estate impressions on the page that can help you 690 00:50:52.519 --> 00:50:59.480 quite well understand how to make it right and hand. Maybe you can also 691 00:50:59.639 --> 00:51:02.920 make a call or a lara or a message and we can gladly tell you 692 00:51:04.480 --> 00:51:07.480 excellent, because thank you very much and you don' t get alone with 693 00:51:07.480 --> 00:51:10.719 this episode. Share it with your friends, your partner for that puya you 694 00:51:10.840 --> 00:51:16.400 want to give to your parents, your trapchulo partners and you can get us 695 00:51:16.480 --> 00:51:22.320 on all social networks like arroba, economics silver see you in the next episode bye Chau