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we' re following us on Instagram, Facebook, tik tok, linking and
econmist Twitter. Welcome to a new episode of Economics Data Your Podcast Finance.
I' m Laura and here to see you and today we bring an episode
that is a dream of many who have instilled us since childhood. What'
s more, I say that when you play as a kid, that you
have the house there, I want that little house for me and you grow
up with that listening to the parents. Oh, it' s not like
you have to buy your house. That' s a very important investment in
your life that even if they don' t tell you how to do it,
you just listen to it and grow up with it. That it'
s your turn, that is, at some point in your life you'
re going to have to buy a real estate, because the time will come
when you' re going to leave your parents' house and you' re
going to have to live somewhere. And I' d say that not only
to live it, but it' s already a goal, it' s
a dream that goes beyond. Already people see it to make money, they
see it exactly as a business, as a structure where you can buy various
investment properties that you are currently going to rent in Garbnb, which is talked
about a lot on any other similar platform, or a long- term rental.
You know you' re gonna have that little money coming in and people
feel like that' s financial freedom. I have many properties that are growing,
that are going up in price and, besides, that has a tenant
paying me those rents that are very rich, really very rich. So we
really all, in some way, have this goal of investing in real estate
investments. And for this, we' ve already been through this both of
you on several occasions and I' ve already gone through buying my first home
and I' m going to return the second one for the second preparation.
Or not because I said I can' t have any more stress in my
life, because let me buy or trimuele spés. But, today we are
going to deny that this stress can be reduced with a professional and for that
we have invited Wally Perez, real estate advisor to Rimax. Thank you so
much for accepting the wall invitation and welcome. Thank you very much, thank
you, thank you, thank you. Invite me, thank you, Polly,
because we are going to talk about real estate investments, a topic that
is too much requested among listeners and among those who follow us in our instagram
Economics tata of finance. People want to know it' s really a good
investment to invest in real estate. Good job, good job. I wouldn
' t be the person dedicated to this, because I' m an interested
party, but I' m really an investor. I mean, I also
buy real estate for precisely that, for investment, for investment, for capital
gain, for capital increase and for life security, which is financial freedom.
Exactly then you who firsthand, besides you work in the sector. You are
also an investor in real estate and you can tell us that the ways to
generate income through investments in real estate is light worth light, correct value,
prus value return of passive capital, which is once the parriba of this list.
You put it on rent. You have two modalities, three modalities of
the day. One can rent it empty in the long term, you can
rent the furnished in the long term and you can rent it in the short
term with different platforms like IRBYNDB booking others. Which one would you say is
the most profitable look. That' s good. It' s a good
question that I have, I have to look good ba and but I also
have properties that are biias long and I merge quite well. I mean,
I merge the deals. I diversify. I like bnb because at some point
it depends on the apartment I buy truth and then it depends on the apartment
I ship to buy it from the area. I can say good. I
' m going to buy the apartment to put the RVNB platform, or I
' m not going to buy this property to put it on long rent,
because it generates a lot of income. It' s going to depend on
the strategy that I mount or in this case I because I' m my
own advisor. As customers let' s put it that way, they can
choose to acquire a property and say good. I was asking your trusted agent
to tell you what is the best option with this amount of money that I
can buy, which suits me, because that is very important to know and
that the audience can ask the right question with this money, what is the
best I can do as I can grow capital and the need that I have
now. Then, also because it can be, there are some that are
perhaps a little more risky because the short- term ones may not give me
that stability that monthly I will receive a fixed flow. Then, perhaps a
person, say younger, can risk a little more than a person who is
already retired, who needs that flow monthly and perhaps it would be better for
him to stay there in the long term. So, as many economists say
in many questions that ask us, it really depends. Depends. Depends.
Depends, that' s why it' s the importance and forgiveness, not
that it definitely has to do with the investor profile, or also because you
can say look, you can earn more by renting for short periods, but
I don' t want to risk it. I want more security. I
want long- term rent. Your advisor will tell you, depending on the
interview you have. Maybe you live at a table with your advisor and the
advisor is going to ask you several questions and I really discovered your reality,
you might have no idea to buy an apartment to put it in the bnb
all of a sudden you want it. That' s really what you wanted
was to buy your house for yourself to live it, that is, but
it' s going to depend on that interview in my case, if you
were my clients the way you are. Ah white or I' ll tell
you something now that you mention that word. Yes, I' ll be
very honest with you. Act ahead. Yes, go ahead, go ahead,
go ahead, I really need real estate advisors, although they have that
title, right, many do not exercise it as it is, but simply
on many occasions, for my part, that I have been quite involved in
buying real estate here, in this country. Yeah, well, I'
ve felt like I don' t have first- hand advice, but what
I call look, I' m interested in giving you real estate. Oh
or that I can move it or call me if I find you more or
less similar, come on, but don' t feel like you say to
ask me questions to orientated and questionnaire help me, and that' s something
that really if you do, is something that I applaud and encourage you to
even motivate your colleagues or acquaintances, or that right here in this podcast,
because the one who listens to us, who works in this same sector,
because he understands the importance of a real estate advisor, who is not just
a sales agent, not you are a fully advisor. And I want to
add that because it has also happened to me and now that I am starting
the process, I was just commenting with Kimberley that one thing is a salesman
and another thing is an adviser. The seller only wants the Commission, so
it' s not going beyond the profit you' re going to get the
customer. In the sense that I would like an expert person to tell me
my advisor and tell me look ok here look with this property I can earn
more as real estate advisor. But I really see that there' s a
pipe problem or something that' s beyond, or it' s a better
area that at the end of the day looks at me it' s not
going to benefit me any more, I mean, it' s going to
benefit me more than you do this property, but it' s not going
to benefit you in the long run. So, I feel like you need
that advice not only to find me an instrument for you to come and earn
your commission, but to add a value of going beyond what really suits me,
because a person, when he' s going to make that financial decision,
which is not an easy financial decision, that is, it involves capital,
many people have to try to reduce expenses so that at the end of
the day he makes a bad investment, then or a property that wasn'
t suitable for that person. So, as Kimberley says, I feel that
it takes a lot to not only sell, but also to advise correctly this
one and it is worth the redundancy truth in rimax My many or s s
s less real estate consulting professionals And maybe I include myself. Maybe I'
m not the right person for that, but I' m included because it
' s true I' m not. No, I don' t win
by making you acquire property that doesn' t, that doesn' t match
what we talked about. You' re not investing anything. If there'
s a little impression to mouth, then no. That' s not my
business. That' s not my business. My business is that if we
develop a zero plan when it comes to acquiring the property, you can say
Mira Wally. You obviously have to tell me what they' re like or
Ali and Mira. I have this amount of money, I can pay this
amount of monthly iron and I can design a strategic plan for you to acquire
a property that is highly profitable or if you want well located, if you
want to live it, that' s going to depend a lot. That
' s why I' m talking about the interview part. That' s
why it' s important. That' s why the interview you have with
your real estate agent is super important, because your real estate agent is going
to tell you exactly according to what you tell him, what suits you best.
That' s indisputable. So if I go to n an advisory salesman
who doesn' t ask me a questionnaire, just send me real estate.
I know it' s not going that way. You' re not advising
me around, it' s selling, we' re going back the same
thing. That' s why people aren' t getting to know me.
Right. If a real estate agent doesn' t know what your interest is,
what are your intentions? He' s not gonna be able to knock
you off right now. The client also needs to speak as clearly as possible
to be able to tell his/ her own, in order to be able
to tell his/ her agent exactly what he/ she wants or the idea
he/ she has. And that agent' s probably gonna lead you down
the road. If you buy, if you, I see in an apartment
or we see a project, or you are seeing in the promotional media Instagram,
Facebook, YouTube, tiktok, any medium promotional place and see a project
and is a mobile agent that is selling. And you, if I want
to see that apartment, well, the furniture people are gonna tell you oh,
you, who are that, they' re gonna sell you that one.
Now it feels like you make a good strategic business plan where you tell
her to look at this project where it is, what you recommend, what
are the ones, with what are the condition of projects. You think there
are better ones. You think this project is going to match the budget.
So your agent' s gonna tell you look. Yeah, this project is
going to match your budget function of what you tell him or he' s
going to tell you not to look. There are two options. We have
this and we have this, that is to say to depend on what you
tell your real estate agent how important communication is a moment your real estate agent
is your agent and moderate of head and it will surprise you not only with
that, but with your complete real estate life, exactly, but the n
important this relationship. Totally, totally, totally, and I include myself,
that is, I have to squirm myself. That' s why I make
healthy decisions at the end and not just with myself, also with my team,
I mean, look, we can do this, that you believe of
this, even though I have the responsibility, I also like to consult with
a team that people who know also like me, for maybe we have the
same alternative. The investment consultation cannot be with people who do not know,
who do not know, because it will not be adequate. That' s
not all. Apply and apply just like we do. We are financial advisors,
we talk about investment, we talk about healing, debt, savings,
etcetera, etcetera. And obviously, we have to exercise it to be able
to give of course, let alone this experience? Sure? Sure? Sure,
it' s not the same thing? It' s not the same
thing? When you acquire knowledge of a specific subject that you say, Mira,
you may make a mistake here, but it will depend also if the
customer is willing to listen to what your Consultants, your time of experience.
You that all areas of finance have a lot of experience in the finance part.
So, I have to listen. I mean, I, as the
manager of my company, can say look, I think it makes sense what
you' re telling me. I think I have to do more research or
it doesn' t ask you the right question for them to bludgeon me on
the financial side. The same goes for real estate, real estate. If
the acquirer tells me Wally Mira, I have$ 100, 000 in hand
right now which is the best I can buy, but I want it ready
now for tonces which intention. Either the intention is to live in the apartment
or you want to buy an apartment for investment, to invest, for return
of capital, for plus worth. It' s another exact conversation, exactly.
She' s already been thrown away. You have to heal, you
have to make transparent of both sides and your trusted real estate agent will probably
always be looking after your interests in all the fields that you always put on
all the time. He' s going to be thinking about how he can
make it your estate, because as your estate increases in that same proportion,
he also increases that of the excellent furniture people and getting a little bit into
cool stuff Let' s list the main real estate to invest ok We have
an apartment, We have a house in the capital, either here in Santo
Domingo. We may have an office. We also have houses, either on
the beach or on the mountain. How you' re seeing that part of
investment there, on the beach, in mountains, it' s diversifying.
Only here is investing in the beach. You can tell us a little bit
about that. Look at the whole Dominican Republic. He' s got everything.
He' s got it, all of it, he' s got
the whole field of the clear point of view. Obviously, they are houses
solar apartments, solar for industrialists, Son of solar for offices, Son construction
of apartments, Son construction of single houses, closed project. The tourist side
there are multiple ranges of properties, but the question I think what you were
referring to was which type of property is most common to acquire exact, that
is, why the consumer is leaning more, by which of those looks you.
You have two fields. There' s the property field that' s
ready and you have the property field under construction. It' s going to
depend on what the client wants and how much money the client has. That
' s important. If a listed property, obviously, if it is rovedalistic,
obviously and not residential and is regularly residential is twenty percent of the value
of the department and will finance eighty percent according to the initial. Initially the
twenty and eighty percent during the for financing, you have to have the right
will, it has to have its twenty percent and that twenty percent I put
in a contract and the other eighty percent during the time of the financing.
So it' s important that we have two fields, have a list property
field. That applies to premises, houses, villas and so on. I
think it' s thirty percent. It seems to me about thirty percent of
the minimum funding that you have to give to start and seventy percent to finance.
If it is an apartment under construction or if one or a place under
construction or if it is a villa under construction, depends on the niche you
love you? Would you like to buy? If you want an apartment.
If you want an apartment, it depends on the budget. It can be
a two or three rooms or four rooms. It' s going to depend
if it' s to live it or if it' s for investment.
They are two different approaches in the conversation of the interview that you are going
to have with your real estate agent, but usually here, in Dominican Republic,
what is the property that you have most. They are asking, for
example, for a one- bedroom apartment in Punta Cana. It' s
multiple. I' ve got a lot of them. I have projects here
in Santo Domingo, a palament of a room that has been sold quite super
well, ok that is super good apartment to go An b and you are
saturated the market here in Airban well. I' d say no, because
it' s that the Irbnb that' s a necessity. Last year,
two million tourists entered the Dominican Republic. A large part went to sando Sunday,
another big palette in Punta Cana, but also another rough one, Puerto
Plata, the Samaná lands are many sectors that go those turris what you think
and that ten million tourists also accompanies the residents as well and we are fourteen
million inhabitants and ten million who came. There are twenty- four million inhabitants
who are here, that a percentage of the locals are also going to vacation,
that is to say that there is also a market for short rent and
for long income, that is, that is indisputable. Now the projection also
follows the same, I mean, this year also continues to a significant amount,
or we are contributing to it to continue growing. But the question came
with regard to the issue of investment. Erbin BE departments are highly profitable,
because the project the question that the customer should ask if they are going to
put it in Irbnb and the project adapts to the Derbnb format. That'
s your key question. You have to make your agent immobilized. The project
adapts to IRRINB. It adapts if it is an Irbyn Be Friendley, if
they accept one and if they have the conditions to put on the platform,
that are two different topics and the conditions are the conditions are a loviteeros that
allow the good vis because that beauty that makes a system of customer service,
that is very important, that it has a good social network, that it
is in an area of interest of the public that will pass through that zone,
because also you can buy an apartment, a residential area, and not
necessarily, even if it is good, it will not necessarily be highly profitable
for two reasons, because the property that you acquire in a property of a
good zone, but it is not highly demanded the opportunists, it will not
be highly profitable for it will not be highly profitable for the WUEST, for
the investor. Let' s say or you said he' s selling a
lot to a one- bedroom apartment. Here, in Santo Domingo there was
a give three a lot ok you' ll be fine, be to go
well, the three ok a one bedroom apartment for irbn B. How much
it' s generating from profitability. I know it depends on the capital of
everything, but on average first, I don' t see read well b
monthly OK I see annual annual. So already, or holy the renter.
The tenant buys an apartment and is buying an apartment because it' s a
business, it' s a business. You have as a property that a
property agrees, but is buying is a business, a business that is annual.
That' s an average. I' d say between 12 and 18
percent return OK. Depends on the apartment you choose varies has OK edges.
That is including whether, for example, you have to pay to give something
to administer it to a person or it is already reduced and not ne gross
gross gross product gross, gross, because that is why I say with an
average or that it is a doscet. The minimum you will receive is twelve
percent and the maximum I will receive an eighteen so but it gives you performance,
SIS discount. That' s what I pay you like that for the
centi who handles it, because that' s right. If I need it,
of course, then look at the Herbin BMS. I don' t
administer it. I have a team of people working in that administration. I
give a lot of greetings to them that you also advise with that you recommend.
Sure, sure, 100%, always a hundred that I vote,
repeat what I sell, what I sell. I mean, I' m
with you from the moment you give your first, your first initial, until
you get your key, and then what we talked about at the negotiating table
when you bought the property. Everything will depend on the conversation of the first
conversation we have ok we like those financial hours we can actually recommend the planning
that you should have for one to be able to start thinking good that I
will buy an investment furniture, that is. That' s not overnight,
I mean. I know Linis was talking about it being a dream of many
people, because it comes immutated from our grandparents, parents and so on.
But to stop being a dream becomes a real goal that we need to plan,
we need to know everything that involves. Becoming an investor of a real
estate, it' s not just me having the initial this we were talking
about. You have to also have an extra money for everything that involves buying
a property, that is, it carries legal expenses, it carries maintenance expenses,
it carries the interest of the loan furnishing it in case the dear transfer
tax that gives you here in the putting together the annual LIPI applies to the
first amount remember that your first place acquires a first home and is exempt up
to nine million. Yes, eight hundred thousand pesos of Lippi de Lippic,
that is, you don' t pay tax, yes, yes, yes,
it' s tourist and it' s under the law of Confotro and
it' s taken the project or the project or the apartment. Yeah.
The advisor tells me. Of course, from scratch. Remember that the professor
is going to be from scratch with you and you' re going to have
to ask him the questions of the place. That' s all before.
So, in the tourist area, those apartments are exempt from that IPI.
Not if the project is taken up by that regulation or because there are projects
that are not accepted by that regulation? It may be that I have taken
you to a trust or is caught with fotur will depend on what the promoter
chooses to be able to offer it as part of the project package and those
simules that you say are hosted can be anywhere in the country or in specific
areas. They' re specific. It is like a section with a hobby
to how what Capcana site, for example, we have several real estate projects
in the tourist area, specifically in Capcana, properties ranging from$ 200,
000 to$ 10 million, depending on the type of property they want to
acquire, can enter Walli Presnet. There are many more information in the mountain,
also in the speck, a tourist pole. If the promoter, or
is clearly proposed, remember that this is, the promoter decides what project is
going to be on his site and when deciding on it, he will also
put amenities to make it attractive to the public. Okay, you' re
going to take a law, you' re going to do it with trust
and how it' s committed by the low- cost administration commission or trustee,
which is two, it' s two curls or seven, if it
' s one, you' re going to take it to a confutor law,
which is also important that issue that he has a lot, a lot,
many tax exceptions because he doesn' t pay tax for fifteen years,
if it' s with more photor, he doesn' t pay the transfers
either, or yes, they' re many incentibles, of course they'
re rare, the truth, supposedly large, yes you. I can tell
you that when we started talking about this issue, when I was buying my
first property, which was in the eighteen thousand, and I was already sharing
what you have to take into account, what are those expenses that nobody ever
told me and I found myself at the time. True yes to being in
the buying process and people said, but you can' t how. Like
that. No one knows, no, he said. I' m talking
about the initial twenty percent and you' re already a long way away,
that is, twenty percent. It doesn' t cover your purchase of a
property. You need a lot more. Is the property been a property that
is ready? OK, it' s a taste that' s ready.
You' re going to pay after 20 percent and you' re going to
take funding. You can buy it, see the and pay the three for
Va to have to pay three percent of the airport transfer value three percent,
right, and you' re going to pay if it' s like a
financing. Obviously some legal expenses that that charges directly. It' s charged
to you by the bank that can sometimes be clear. Sure, sure,
sure, keep from scenes of a thousand status. You too where you can
depend. It' s going to depend on the apartment you choose or the
property you choose It' s obviously coming back again That' s going to
depend on the X- ray. That' s why it has to be
planned that in the case of so much finance it is so important because it
plans to you that you have a good real estate advice and a good financial
soria. The risk of going wrong or something different is likely to be reduced
to the minimum. Yes, preparation is important, not only for all those
expenses that we are talking about, but also for us. We' ve
already been to an interior design podcast. Hey, I suck. I'
m going to see you and the girls were telling us that, in their
experience with all the clients who have worked for like them, truth as they
are detenteed to charge and so on, they recommend at least twenty to thirty
percent of the amount of your property, of the price of furniture for you
to have as available for the design, to know without contemplating very good,
very good, that is, twenty percent of the cost of what of the
cost of the property that eats very well you can have in mainta very good,
very good that not only to furnish, but to put it nice,
that if ros and rock gra everything when it is for sure good, yes
of that of what later lied, yes, well enough and put the unit
of apartment pretty. That' s pretty helpful to the rating of that of
the unit of the irbnb. If you have an apartment that you invested three
hundred thousand dollars and made a very low psycho furnished, it will probably also
impact on the Va will also impact on the way the guest perceives the space.
However, if you take time for a decorator to put his hand on
it, or we' re going to say it like that. Or an
archiitegia has its value, of course, it has a value. So that
' s going to give the guest a different experience and he' s going
to repeat and give the apartment a good ranking and even, that is,
do projects. So, inside the building. It increases the value of the
furniture itself, i e the surplus value. It increases over time, because
if I made a kitchen in my model, for example, not for the
MNB. If I decorated the beautiful kitchen, made it last model, that
also generates a value alems look. There I want to tell you something and
stop at that point. The price of the unit is not determined by the
termination OK is determined by the location. OK. You can have a property
right now. Let' s put it that way in a popular sector,
that the price per square meter oxyle that I know one eight hundred dollars per
square meter and you to that property puts a finish like marble, puts a
granite of India, which is very expensive. Opposes that he takes Chinchi Rock
and makes a large investment in that apartment and spends if the apartment costs a
hundred legate, follow you to the apartment in decoration, will not vary the
prisoner by degree of the apartment. It was a personal taste in investment.
Yeah, but I understand that I mean a buyer, you could make him
no at the square price, but at the total amount. I mean,
that' s what I think. I don' t know you can correct
me right. It' s if I have a kitchen like super old that
' s nothing and I have another apartment right next door and I have the
kitchen fixed, the diaper regulated. I understand that not at the square price,
but at the total value I could increase it a little bit. It
' s not going to affect the decision. I mean, it' s
not that I' m gonna do it for that, it' s not
that I' m gonna do it for that, but I understand, as
a buyer, that I' m seeing right now. If I see two
houses, maybe I would give I don' t know ten thousand dollars more
for the side that has the kitchen done the bathroom in fact, which doesn
' t mean that I' m going to pay, I mean, I
' m going to pay the person who did it what it cost him,
but it' s going to be worth a little bit more just than the
one next door, which has nothing. Of that I don' t know,
it' s not going to cost more, it' s going to
sell faster. The price is the same. You got it. I always
make an example. I wish we had a blackboard that I' m going
to give you an example. A property in an area where the houses are
all of one level and you go in that sector, three levels of that
house, the prisoner for the meth is going to be the same as the
one and puts the finish the best you did to that house. If it
' s the opposite and you start to lose forgiveness and start losing money because
you increased the construction volume, then it' s moving it away, you
' re leaving it from the prospective buyer of the property. However, if
you have in the same sector where everyone is proven expensive and yours is the
smallest, your house is probably going to be worth more, that is,
it' s going to have more price than the property of the environment because
your house was small and they' re going to have to pay more money
for your smaller home. That' s what happens in the meadows. That
happened in the prairie, that happens in almost cassagos that you see very small
houses, very large, very beautiful and has a small house next door.
That little house is probably going to bless more expensive for this by the square
meter than the big house next door. And when you take your surplus value
there, it increases. If it' s the opposite, that you have
a small house, well, a big house where all the houses are small,
you start to lose money. And that applies for termination this time because
the public doesn' t pay you for termination for a personal taste. You
can put where the residential has the natural granite and you put marble on tops.
It is a personal taste in a taste plou was worth, because I
think the surplus value and location the area, the public that is there.
That' s why it' s important. That' s okay, the
location has super priority, but the same is the part that one property is
better than another, for example, in the same tower. If I see
a building that has, for example, ter marble floor versus the other,
i e, I' m willing to pay a little more. So that
' s where the consumer' s part comes in and looks like the next.
Not what it' s going to be, what it' s going
to wear. It can go up, I mean, I can pay more
for that, for people you can pay more the weight is going to be
the same, what' s going to be the pte, the square mento.
But even for example, in my house, when I bought the first
property very well, I paid more than the valuation said. In the six
world, I know, I pay fair, but in the first I can
give you the example. I pay more than you want the valuation. And
I sold it two thousand that two thousand twenty- one with a profit one
seventeen percent very good. But you go back to the whole thing. If
you have the same tower, the same tower, it' s the same
location, it' s the same price per square meter. Where the difference
in proto petisibility is going to be, but it' s not going to
change the price. But no, the price doesn' t hold, because
the shock is going to stay and you say exactly, but the deal between
pas What happens is that the market price of the valuation is not the same
as that of the valuation, that is, not necessarily. It' s
your question. Or my comment is that what Kimberley says is that, that
is, you say that the price per square meter is not going to vary
from the valuation of the apartment. But or, but really, for example,
what happened in Pandemia that many sellers, that is, there was little
supply, a lot of demand because the rates were low of loans mortgage many
people wanting to buy little supply, the sellers had more replay with the price.
Then they' d raise the price. That' s why he said
who to see him, maybe because they were finished, because they had a
lot of people wanting to buy him and in greater demand. The price goes
up I run. There, yes, there it applies, but it does
not apply for the nation trainara, it applies for the demand of the public.
There, it does apply. I say it is if you have that
finish, this finish of this set is very nice. That finish. It
' s not going to vary the square presupomet. Which will vary in the
petisibility of the faithful. Oh, he' s so willing to pay me.
Okay, I mean, you can put it here right now if it
' s gratito granite that has the floors and put porcelain on it, which
is more expensive. It' s not going to vary the price, because
I put granite on the floor. No, but it helps your specie see
you. Help him, help him Help your speech, help the spee of
What are the tips to leave to the public, those tips you say look.
If you' re going to invest in a real estate, you have
to take this into account. You' ve already mentioned enough the important eight
location in any field, ready or under construction. What I did was fundamental
to me. Okay, what else does the completion, the termination of the
unit, what does the project have? Remember that you are always tied to
the intention, because you can call me cool and look for me a commercial
place, because my lawyer' s office, for example, I' ll
tell you good. But this area or this area or not. I want
an apartment for me to live and my budget is this. What are the
best areas I can buy with this budget, which is important to know what
is the best I can buy to say look at this which are the best
areas with$ 200, 000. There are several very good ones right now.
I have known two scrub rooms, two to three, two or three,
if it is two meadows, because they are a good place ok Colean
of the rivers Villamarina, Urración Galá, that could seem a similar option that
more or less walks for 200 if it is under construction with two hundred thousand
dollars, it can be the independence, all of the city, because if
we go also to the tourist part, I can also tell you of another
Don Town Cana, very good area, if it is for investment, very
good area. Vista cana cap Canal, which city of Lascana, that could
appear some kind of project of hundred and two hundred thousand dollars. Yes,
it' s very good. We eat very good. My later, if
we already compare investment, there are two rooms in view, here very good,
of rooms one hundred and fifteen thousand dollars. Talking to you, ay,
ay and already danced and there is very good, very good something a
term, very good, very good, very good question for a person who
wants to invest in plans, what questions he has to ask his advisor,
that is, because there are many things that he has to take into account,
for example, the history of the builder. Very important, super important
to read that contract, because if it doesn' t arrive in time,
that is, if it doesn' t meet in time, what are the
hardships, that is, tell us with spoons, with pencils. All right,
I want to invest in blueprints. I want what I have to ask
a lot, what I have to know, what a little literacy. I
have to read look. None of the electrics are small. All sas are
big. You people are fast- paced. I' ll tell you this.
When a promoter is good, no matter what you sign. The builder
is good and the project is good. That' s how you make a
healthy decision. It' s because a filter passed that the project is good,
that the promoter has a trust or has a track record. Then you
started evaluating the contract now. But be all contracts are very similar, not
to say the same. All have a closure or closures that go for the
acquirer or for the promoter. You always have to take two big things into
account. The form of payment. You have a very important blown and the
way to get through so much. If you make a good form of payment
and the promoter agrees and you can comply with that you will comply. You
can do it. That' s vital when I talk a lot about this
when it comes to making the investment to make the real estate impressions. If
you say the same and we' re going to find an apartment for me
to invest, look for me to invest and I' ll go, I
' d say good. Well, let' s make a strategic plan for
you to lie down. He feels drowned because you' re buying me a
house for your living, he' s buying a property for your investment and
then putting it on rent. It means you' re not expecting that one.
That one? That is an investment therefore, the cost, the fee,
the start, the down- painment that what you give of separation has
to be very appropriate, very wise, depending on what you can pay to
not feel drowned, because the idea is not that. The idea is that
you make an investment, wherever it is, but make a healthy, planned,
planned investment, like you, behind the part of finance that for us
is very important for the person to know that he or she is making an
acquisition of property in an apartment, in a property where the promoter has a
is a trustee or a promoter with high value. I mean, you have
a lot of time in the real estate industry. It does not mean that
there are many new drivers, so young, too that they are doing very
well and very important. When one is going to buy, when one is
going to buy on balance, it is important for one to know that not
only do one have to meet those quotas that one pattern that is selling me
the project, but also that it will come the day when I have to
take a prisoner. So take care of me with my record and give me
these intradience, because you can go three we are and if I don'
t bank it, yes, very good. Ida this by means of very
good but that very good part the idea also of buying in plan. You
can also produce that. You can play with the initial. If you'
re 40 percent initial, you' ll lose your income. You can play
with that putting up a payment plan, so that payment plan will allow you
to get IT organized for two reasons. He can arrange for you for the
time you' re going to receive the capital. For example, you have
twenty- four months to pay and you can pay a thousand hundred dollars a
month, but you have other annual income. Tonces well, because I receive
speak a double salary bonus, a property that you see you will sell or
that you are selling, that you will receive. You have an estimate of
the time you can sell, which, by the way, a property can
be sold in one, which, by the way, a property can be
sold in three months. If the property hasn' t been sold in three
months, you need to check the price to see what' s going on,
what' s going on with your furniture. Oh, very good tip
and you have to you with your low head cipher, you have to tell
them look what happened and it' s going to tell you exactly good.
The price is a little out of context. Or there are other projects in
the other department, in the area, but stable right now. The appetizer.
That' s exactly where it applies, don' t go up.
Let' s make it nicer. Not out there, maneto That' s
good. Send something to the consubueno. I like that because you guys have
a separate one of your property that I imagine is pretty. They keep her
pretty. That keeps the price, of course, and there' s appetite
for the brutal. Now to sell it clear. I didn' t buy
an apartment to leave it like this. No, no, no, you
have to give the maintenance inside your apartment and if something starts to correct it,
let us do it at the same time, because when you' re
going to sell it, you' re going to sell it real estate,
you know you' re going to see, you' re going to have
to either do it or lower the price. Yes, there must be the
difference between a straight quasition, but it is extremely good to buy to purchase
your property with little money. You give a ten, a fifteen, a
twenty percent separation. There it has a carse premiere your class saves, investment,
a savings and investment plan, that, that' s vital when it
comes to acquiring it. What the question closes that when we talk about investments,
we also really talk about everything beautiful. What needs to be taken into
account planning, and so on, but we also talk about risks very well
what are the risks that you can account for of real estate investments that is
like the project that ugly ma the promoter, that is a fraud. How
we are going news fraud in the real estate sector, with the right questions
to your promoter and to your act, to your agent coming from roots.
It' s fundamental, because your real estate agent isn' t going to
want to add to a project that' s a bad- intentioned promoter.
It' s very unlikely then what' s going on with your moving agent.
It' s going to be an investigation into that project and it'
s probably going to tell you the status status or two clearly doesn' t
look. I think this project promoter is not going to be in line with
reality and he' s going to tell you this. That' s not
so ibn B not closed for a month, for example, it can go
to risk or a long- term tenant who won' t go away either
or that' s bad pay, there' s bad peace. I look
at that, that' s a risk, though it doesn' t really
prevent it, but you' re in finance. There are margins of errors,
of course. Now what we have to reduce the margin of errors,
penalties, put against penalty. Even hardship doesn' t do a good debugging.
It' s the key when you do a good analysis and a good
debugging. That' s fundamental. We expose, for example, as a
promoter. Who is that person who has done I have real estate projects.
Right now that I' m promoting, I' m over fourteen years old
working with them. WOW then is unlikely unlikely. A person I have so
much time working with. That person has given good and fulfilled me what you
do It helps you quite understand and pass it on to the audience. True,
to laugh at the audience what kind of person, to that person,
what their companies have done, what the previous projects are. I have things
to do now. If he' s a new promoter, I do a
doom dout dialing life, but I know what he is. If the land
is still the name of the builder. If you have a payment plan,
if you have a payment plan for the land? Do you have a plan
to pay the land if you already paid the initial and so you already paid
the total of that of the plot? If you have a form of payment
for the land, if it is a trust, if the promoter has already
started the work, or when you are going to start now, if we
have the permits, in what time, more or less, estimate, we
will have the permissions to start the work. All this is important, not
for me, in this case, in order to mitigate the risks and be
able to advise the public well, as well as to ask the advisor the
level of occupation as you look at ah not very important also when that is
rented even yourself. No, or what the ritorial is called. Seeing with
my thinking Sunday. The occupation is sixty- five percent of any unit and
in Punta Cana, in Punta Cana, well, it depends, it depends
on the area ok. I have an apartment in Capcana, ok city of
the Canas. I can teach you the same thing to my list and I
have an occupation there of eighty percent. Well, you dream, and I
have and I have a good price in the apartment. That can also happen
in Vistacana, for example, or in Dantown, m Dantau and you saw
Cara. I think it' s a really good area. It is going
to Barollar from another story is very good too, but I can measure with
these in Capcana a good occupation, because there are many activities in Don Town,
there are many activities, for example, that is Cocobongo, which is
a focus of tourism to that area. So, that' s why the
occupation increases the same. Luista canavista here right now has a real estate eye,
an important real estate eye, because she already has the fishing park ready.
It has ready on the artificial beach goes A is already invested in the
infrastructure of the project, but it is important to know who is behind the
project. Then the acquirers. But that' s a job you have to
do. This real estate agent, your trusted agent, has to do the
research, your best friend, of course how not you do to be a
banker, your financier, a lawyer, an accountant, because also star mobilebar
clear. So, after, yes, of course, of course, he
and what he will be grows your capital, because he knows that if your
capital grows, his capital also grows. Sure, mouth is the best.
That' s some publicity. One hundred percent, one hundred percent gual and
so, a thousand thanks for your time to help us develop this episode,
that I am sure that people leave with a lot of content to do their
homework and be able to make this decision well with information, with planning,
with the hand of a good real estate advisor, because it is an aggressive
goal, an aggressive goal that requires a lot of money. Yeah, yeah,
yeah. It is so and as we said behind cameras, it is
a subject that has so many subtopics and so maintained that we can make many
episodes of this topic, but this consolidates a lot of key and necessary information
that everyone should know. Everyone who' s thinking about investing in a clear
property. I think they leave with a guide to what questions, to ask,
what to take into account, how the market is doing. So we
thank you so much, Wally, for all this information. As Kimbery said,
people have already been left with homework to achieve that dream that we all
have nothing else to find. Okay. You can enter Instagram, Waly Pere
Bende or on the website, Wally with i latina with Creo, Waly Perez
Vende or on Instagram and YouTube also ay on YouTube we also have several.
We have on the website. There is a blog where there is a lot
of investment content for you investor. I guarantee you' ll love it,
so there' s a lot of valuable information I know. There are also
guides on how to make real estate impressions on the page that can help you
quite well understand how to make it right and hand. Maybe you can also
make a call or a lara or a message and we can gladly tell you
excellent, because thank you very much and you don' t get alone with
this episode. Share it with your friends, your partner for that puya you
want to give to your parents, your trapchulo partners and you can get us
on all social networks like arroba, economics silver see you in the next episode bye Chau