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Purchasing Process
 
1. Can I purchase property(ies) using an IRA Rollover?
2. Will the seller negotiate?
3. What is the price per square foot?
4. Can I have references?
5. Do I have to come back to close on my property?
6. What happens AFTER I sign a contract with Pristine Views in association with Trans Caribbean Trust Company?
7. What is included in closing costs?

Top1. Can I purchase property(ies) using an IRA Rollover?
Contrary to what you probably have been told by your broker or banker, you can own real estate in your IRA, including non-U.S. real estate.
Over the years, advisors have wrongly convinced many people they cannot own real estate-as well as a number of other alternative investments-inside their IRA's or other retirement plans. Nothing could be further from the truth.
In fact, the rules governing the ownership of real estate this way are simple, and you can own virtually any kind of real estate you could think of, including; raw land, condos, office buildings, single or muti-family homes, apartment buildings and improved land.
The IRS has some straightfoward rules that define what you cannot do. A simple rule of thumb is your retirement plan is meant to benefit you at retirement and not before. You can invest in any type of real estate you want as long as it is an investment and not for your own use before you retire. You can then take possession of the property when you retire, in effect taking it as a distribution of your plan.
As you know, there are many ways to purchase real estate. You can own the real estate outright or you can own a piece of it, with other entities or investors owning other pieces. You can purchase an option on the real estate or you can buy outright using a land trust, L.L.C., or something similar.
All of these options are allowed when you own real estate in your IRA.
Furthermore you can pay for the property in full using retirement assets or you can finance it. If the property is financed, you must take special care to structure the purchase correctly as to avoid tax consequences down the road.
Plus, if you wish to use your retirement plan to invest in real estate but do not have sufficent funds in your IRA, your IRA can incur debt.
Although you will need help to be sure you do not violate any revelent codes or take any missteps that will cause tax problems for you later on, the bottom line is that you can find the property of your dreams anywhere in the world, purchase all or part of it with your retirement assets, and eventually take ownership of it. The best part is, it is 100% legal.

Top2. Will the sellers negotiate?
Some sellers wiil negotiate price and some sellers will not. The main reason is, that they have no reason to. When you choose not to pay their asking price that is your decision and yours alone. You have absolutely no obligation to pay it. However, with the entire (already funded) government infrastructure going into place, the ocean front property values are rising. By choosing not to pay the sellers asking price, you are allowing the seller to continue to receive the benefit of the property appreciation. The question you may want to ask yourself at this point, is whether you want to be earning the appreciation, or do you want the seller to continue earning it.
Sellers will normally wait and adjust their prices, as more infrastructures go in, and then they usually re-list at a high price.

Top3. What is the price per square foot?
There is no price per square foot. That is NOT the way to value beachfront property. Beachfront property is most often valued by the amount of linear feet of beach frontage you have- Depth is not an issue and therefore, square footage just is not an accurate way to value beachfront property.
To give you an example, you could have a 60-foot wide lot, which is 60 feet of linear beach frontage, and 100 feet deep. The price could be $1. Then, right next to it, you could have the same size lot in width (60 feet of linear beach frontage) and have it be 200 feet deep. The price would still be $1. The value is in the beach frontage NOT the depth. However, if you have a property that is large enough (deep enough) to provide for multiple building sites or enough property to be subdivided, then the price might be higher.

Top4. Can I have references?
Of course you can. We pride ourselves on our references and hope that you would be one as well. Again, you should know and understand, that this money is now off shore money and off shore investments for many people so not all of our clients are willing to share their story with you - no matter how good or profitable - the latter probably being the reason for not.

Top5. Do I have to come back to close on my property?
You do not. In fact if you would like to save the cost of the return visit, you may close in absencia. This is done via FEDEX and signing the necessary documents in advance using what is called an Apositle. Basically, an Apostiie is a notarization from the secretary of state's office {there is one in each state) of the seal of your local Notary Public.
You see, a signature notarized by your local neighborhood Notary Public is not recognized by the Mexican government as an official seal or signature. However, with the Hauge Convention the Apostiie system was created to offer member countries of the UN a way to conduct international business a bit easier.
You can, just as in the US, authorize your attorney to sign the finai documents in order to close in absencia. This is a common practice and about 48% of our clients return for settlement.

Top6. What happens AFTER I sign a contract with Pristine Views in association with Trans Caribbean Trust Company?
association with Trans Caribbean Trust Company?
The process is easy. After you choose your lot and sign a contract to purchase the property, you have 10 days to fund the contract with the deposit of 10%. We will still show that property and induce and encourage back up offers until such time as you send your deposit. We do this because no one travels with a cashier's check.
Now if there is a back up offer, basically you have first rights of refusal. When we get the back up offer we will advise you of this and you will then have 48 hours to fund the contract or give up your option. There really is no risk by signing the contract. You simply put yoursetf in first place and get a free 10-day option to think about it.
Once we receive your deposit we stop showing the property and it is officially off the market pending settlement. You will receive a receipt for your deposit the same day we receive it, usually by email or fax.
You do not need to attend closing if you do not want to. In this case, your attorney will prepare international papers to be notarized by an international notary public. This process is call the Apostille system and was devised for just this reason, internationa! business transactions.

Top 7.What is included in closing costs?
Closing costs include EVERYTHING needed to place you in legal ownership of the property. This includes the formation of the Mexican corporation, registration with the Ministry of Foreign Investment, transfer taxes, Notario fees, and legal fees for your attorney, anything, and everything. Basically, the costs to close have been agreed to be paid by the sellers. This means you are really paying for them as they are built in but the benefit to you is that there are no surprises after the fact. If the price of your property is $1, then the COST of your property is $1 - not a penny or peso more.

 
 
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