The Key Ingredient To Increase Preconstruction Profits By Over $20,000Written by firstname.lastname@example.org
One of greatest preconstruction investing issues that I hear from individual investors is that they canít get access to what they believe are good projects. Regardless if preconstruction project is a beach condo, a townhouse, a single family home, or even land investment, individuals are finding that many restrictions are being placed on them by developers. In addition, prices are continuing to runaway. So given all this, how is an individual investor supposed to excel in this environment? Read on and find out!
Suppose investor had ability to march right into developerís office and demand that they should give you at least a $20,000 discount, which now would turn a good project to a really great one. I mean, youíre serious about your preconstruction investing. Shouldnít you be entitled to that discount? After developer stopped laughing, they probably would suggest investor find a path to their door.
If you look at this from developerís perspective, they probably already have a marketing team in place to provide a steady supply of purchasers or investors. In this market, a single individual preconstruction purchaser/investor would have absolutely zero impact on anything developer was doing or planning. Basically your request for a discount provides zero advantage in preconstruction process.
So letís change this picture a little bit. Suppose you are a surgeon and you walk in with 15 other doctors and tell developer that you are very serious about this preconstruction project and probably others that developer has on drawing boards. Ok, this is possibly a horse of an entirely different color for investor group. Having a single group come in and moving a block of 15 units in one fell swoop may be something of interest to developer. This is especially true if developer has time pressures to get this preconstruction project moving forward.
In this real estate environment, with lots of investors, it may (or may not) be possible for this group to get a discount but there may be several other ways that this developer might chose to help group. For example, developer could assure group that they will definitely be able to get 15 units in preconstruction project; for many locales, even that is a major feat. In addition, developer could assure this group that they may get first crack at another phase, or another project altogether. If developer is wise, they will find some way to work with this group and treat them well.
THE TAXMAN COMMETH: The Offshore Tax Dodge Could Prove CostlyWritten by Phillip Townsend
What are boundaries between legitimate tax planning, tax avoidance and outright tax evasion? It seems lines are becoming more blurred with each passing day. The issue has been front-page news around world over past several months due to world government authoritiesí successful campaigns to curb illegal use of offshore banks, tax havens and employment in hope of combating widespread tax evasion.
In US, UK and Australia, tax authorities are actively targeting offshore schemes and expatriates at an alarming rate. Outside of unscrupulous promoters of offshore tax havens (and their clients), tax-collecting arms of these governments are also targeting millions of people living and working around world who may be unknowingly committing tax evasion.
Here are some recent examples:
ē June 2005: In midst of a broad crackdown on offshore tax shelters using Patriot Act, IRS warned US expatriates working and studying abroad that they risk up to a $10,000 fine or 50 per cent of value of offshore account if they fail to report overseas bank and financial accounts.