LinkedIn

June 2014

Luxury Caribbean Real Estate: Old World Charm, New World Luxury

Did you know that Roatán, one of the Bay Islands in the Western Caribbean, received a spot on Kiplinger magazine’s “8 Great Places to Retire Abroad”?  This is due to its lush mountain terrain, white sandy beaches and clear Caribbean waters.  Located on this beautiful island is Pristine Bay, which is known as “Roatán’s only Five-Star Resort Community.”

About Pristine Bay

A trip to Pristine Bay consists of a simple non-stop flight from a few select North American cities.  Once you have arrived, it is just a short 20-minute drive from the Roatán International Airport.  The resort is located on a 400+ acre site adjacent to the Caribbean Sea.  At Pristine Bay, you’ll find a wide variety of luxury residences and luxurious villas with clear views of the ocean.  Whether you are an owner, member, or guest, you will have access to many great amenities including the Beach Club and all its restaurants, private beach, tennis courts, spa services and much more.

Community

Once you are there, you’ll find that the Caribbean community has a little something for everyone.  For those who like to golf, the Black Pear Golf Course is the place to be.  This is the latest masterpiece of designer Pete Dye, and is located on a 405-acre luxury golf resort and development.  If you’ve always wanted to go diving, Black Pearl Divers full-service dive and aquatic center is located right on-site, and will make all of the necessary arrangements for a day trip.  You also have the option of doing nothing and relaxing all day at your private white sandy beach.  Many people have said that Pristine Bay is exclusive, extraordinary and charming.

Owning Property on Pristine Bay

Much more than a resort, Pristine Bay is a collection of stunning homes that include large residences and quaint villas.  All of these properties feature spacious terraces and private infinity edge pools.  This 400-acre oceanfront community has three distinct ownership opportunities to choose from including the Las Verandas Collection, The Cove Collection, and the Fairway Collection.  Each has their own unique features that make them a great place to live.  In addition, Roatán was recently named as one of the “Top 3 islands to live on” and one of the “Top 5 islands to retire on.”

Pristine Bay is a luxurious destination resort and private home community that offers a wide array of choices to anyone who’s ever dreamed of owning a home with a clear view of the Caribbean.  For more information about owning property, please click here http://www.ownpristinebay.com/

Real Estate Investments for Retirement

Have you ever thought about investing in real estate for retirement?  While investing in real estate does require a lot of liquid cash, the returns are known to be much better than any other investment.

One of the quickest ways to make money in the real estate market is by real estate trading.  With this method, traders buy properties from owners with the idea of holding onto them temporarily and selling them for a better profit at a later time.  This is also known as “flipping properties”, and those who do this will usually purchase properties that are highly undervalued.  In most cases, traders will purchase cheaper properties and try to increase their value by doing renovations and repairs.  These renovations can actually result in a huge profit for the trader.

The majority of people believe that the money saved through their 401 (k) is just for retirement.  While this is true in most cases, some investors have figured out different ways to invest in real estate without disrupting the money they have saved for retirement.  Those with a 401 (k) account are allowed to take out a loan against their account.  They money that comes from the loan can then be used to buy real estate.  It is important to remember however, that there is a cap on the amount that can be borrowed.  This amount is normally $50,000, but it can be less depending on the amount of money in your 401 (k) account.

When it comes to investing in real estate, one of the easiest ways to do so is by putting your money in a Real Estate Investment Fund (REIT’s).  This type of account is created when an investor’s money is used by a corporation to buy and operate properties.  When the time comes, the corporation must pay out 90% of all its taxable profits in the form of dividends to all its investors.  By paying the dividends, the REIT does not have to pay corporate income tax.  This is a great choice for people who’d like to earn regular income.

If you have a vacation home, renting it out can also be another source of retirement income.  One advantage is, unlike bond income, rental income has the potential to increase as time goes on.  There is also the potential for capital appreciation, which means that your property’s value could go up. While there are no guarantees for any property in particular, the long-term appreciation rate for residential real estate has been about 3.4%.  This was measured by the Case-Shiller index, which has measured the sales price of existing homes from 1987 until now.

Investing in real estate takes knowledge, skill, and intuition.  If you have all of these things, and you do it right, real estate can be a great way to save for retirement.

Houston High-Rise Boom

The city of Houston is currently in the midst of a high-rise boom. Houston’s mayor, Annise Parker, recently stated that there are at least four high-rise projects under construction or in the planning for downtown Houston.  She also said that there are around 100 projects in the works across the city of Houston with a total of $7.5 billion in investments.

In 2013, Houston was ranked third in Texas in terms of economic growth.  In June of last year, Houston had already logged $4.8 billion in new construction, which was an 8% increase over 2012.  The city’s largest projects were mainly based around healthcare and housing.  This includes the $72 million MD Anderson Pavilion, which began in May 2013 and the $45 million Hanover Post Oak rental high rise that began in April of 2013.  With all this new development, the city’s new promotional slogan is, “Houston: The City With No Limits.”

Uptown Park, a European-style shopping center located on Post Oak Boulevard, is scheduled to receive a $1.2 billion transformation into a denser urban development that could include many high-rise residential towers, a hotel, office buildings, and more retail space.  The president of the Uptown Houston District, John Breeding, has said that all of the one-story retail buildings and small apartment complexes will be torn down and replaced with high-rise developments that will make maximum use of the underlying land.  In 2013, two office towers opened up in Uptown, and more office space is currently under construction along with several high-rise residential towers.  The Uptown area has over 23 million square feet of office space, 7,000 hotel room, 1,000 stores, and is bigger than the downtowns in many cities in America.

There is no doubt that Houston is experiencing a boom in its economy.  As a result, there have been several high-rise buildings constructed, with more planned for the future.  The city ranked #3 in economic growth in 2013, and they hope to be high on the list again this year.

 

Source:

Brown, Steven. “Boomtowns Houston, Dallas don’t have much reason to fight anymore.”  Dallas News.  13 June 2014.