Investment Property Vultures Comments On The Influx Of Chinese Property Investors In The U.s.

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos designed by hipster tastemaker Kelly Wearstler and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.

Since January, 262 of the Viceroy’s 372 units have sold. But there’s a twist: Almost 90 percent of the buyers are foreigners. And they all paid cash.

The Viceroy’s story is playing out across Miami. Individual investors from as far as China, Hong Kong, and Singapore are signing purchase agreements left and right to get in on what they see as one of the greatest real estate fire sales in the history of the United States.

At one time, these people would have invested in the U.S. stock market. Now they see the opportunity of a lifetime in the nation’s debilitated housing market. The idea is to rent out the properties and then sell them once the economy turns around.

The math is seductive: Prices at the Viceroy are roughly 52 percent off the 2007 peak. Units once sold for as much $670 a square foot. Today the average price is $319.

“I have never seen such a high concentration of foreign nationals acquiring real estate,” says a representative of Investment Property Vultures. “Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.”

One of the experts in the business who specializes in bringing exactly these illusive property deals to the Chinese buyers is Investment Property Vultures. Mainly they offer foreclosures and distressed properties but also, government owned properties. Investors anywhere in Asia including China, Hong Kong, and Singapore can contact them via their website www.investmentpropertvultures.com or email them at .

Miami is hardly the only hot spot for buyers from outside the United States. Real estate brokers say they’ve seen a surge in Orlando,Washington, New York, Las Vegas, Los Angeles and San Francisco. In Seattle, Asians are buying property sight unseen.

For foreigners with cash, the deals can make them money from day one. David Chuong buys two-bedroom condos for less than $40,000 in low-crime areas. He only picks up units that already have renters. After paying association fees and taxes, he walks away with $300 a month, pre-tax, on each. The deals are now easy to do, thanks to the cottage industry of companies that has grown up to manage virtually everything for foreign buyers, down to badgering renters for the monthly check.

For the international investor class, the United States’ bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer’s market.
“Never before have all these things come together like this,” says a representative of Investment Property Vultures, a company which helps Chinese invest in international real estate. Chinese buying in places like Florida is on track to double this year.

“Unless you want to go to Baghdad,” Investment Property Vultures says, “the United States is the best you can get.”

The trend is showing up in the statistics. In a National Association of Realtors report 28 percent of brokers reported they had worked with at least one international client, up from 23 percent a year earlier. Among those, 18 percent had completed at least one sale, compared with 12 percent in the 2010 report.

“I was going to invest in the stock market, but I decided to invest in real estate instead,” says John Woo, a Chinese native on assignment in Miami with Pfizer Inc., where he is a regional finance director. Woo paid $100,000 for a one-bedroom in a gleaming new high-rise that he plans to live in for now. “I’m a conservative guy,” Woo says, “and this was more conservative.”

In past downturns, buying a property in the U.S. was the prestigious purview of the wealthy, but today the market is within reach of the swelling ranks of the global upper-middle class.

“Their jaws drop. They can’t believe it,” Investment Property Vultures says. “They think these deals are too good to be true.”

Clean Image Corporation Bring Your Building To Life

If you are running a huge commercial complex, keeping the building clean often becomes a huge headache. The Clean Image Corporation (CIC) offers complete solutions for janitorial services and other cleaning needs in office complexes, healthcare facilities and other commercial buildings in and around Miami. It has a bunch of customized services from concierge staffing to technical support along with usual janitorial operations designed for all types of buildings. It also offers other professional maintenance services like accounting, clerical support, staff training and performance development programs etc. CIC has a proven track record of over 15 years in this field and it also has its own quality assurance system to ensure highest level of service.

Do you own a large office complex or a hospital or any large building that in Miami or anywhere in South Florida? Do you feel that there is a need of better cleaning service in Miami? Or probably even as a visitor in such a building you felt the need of better janitorial services in Miami! This is not an unusual phenomenon. Building maintenance is not an easy job and in many a times you feel that the job has not been adequately done by the service providers.

The Clean Image Corporation (CIC) has been providing janitorial services to several of Miami as well as entire South Floridas most prominent health care facilities, Class A office buildings, and luxury condominiums since 1993. The foundation, vision, and philosophy of CIC make it a strong and reliable partner for any sprawling edifice looking for cleaning services in Miami.

As an owner of huge commercial complex, you must have noticed how difficult it is to maintain a clean and hygienic atmosphere in your building. It is more difficult in case of commercial complexes as opposed to residential ones as every day thousands of people visit such places for their respective purposes. Many of them have to use the bathrooms or other services and so there is needs to be round the clock inspection and maintenance facility in such buildings. Only an experienced cleaning service provider with a proven track record can help you can help you with your need.

CIC offers customized building maintenance in Miami and nearby locations. Apart from usual hospitality services like cleaning services and personnel staffing support, it has different packages designed for hospitals as well as commercial buildings. Services to these Healthcare facilities and commercial complexes include concierge staffing, environmental services & management, ground services, hospitality aids, IT technical support, janitorial services, JCAHO E.O.C. compliance assistance, per – diem staffing, plant operations & management and resilient & marble floor-care services etc.

It also offers an array of professional services to the clients. They include accounting services, administrated support, clerical support, employee development coaching, employee satisfaction programs, logistics assessment, management coaching, patient satisfaction, performance improvement programs, policies & procedure development, productivity assessment and service excellence program development & monitoring etc.

CIC also has its own quality assurance measures. In fact it formed the Services Quality Assurance Team (SQAT) in 2003 to make sure that the high level of standard that was acquired by CIC does not degrade over time. SQAT ensures that you receive only quality services. So if you are looking for better office cleaning services in Miami, you can simply put an inquiry in the CIC website. It wont take long before your building jumps back to life.

The-Palms-Condos-for-Sale51Condo Hotel Buyer Suggestions – Condominium Hotels May possibly Be the

In a fixed-weeks or points primarily based timeshare, prospective buyers obtain pretty limited use of a resort. Prospective buyers of a condotel or outright holiday dwelling very own their residence outright. In both instances an proprietor can typically remain in it, rent it, or market it. In some circumstances, nonetheless, the proprietors unit use may also be somewhat minimal.

In condotels, in-property hotel management businesses rent out the individually owned models on behalf of their proprietors. For this support they obtain a portion of the rental revenue for that particular unit. Condotel owners and their renters have use of the resort’s amenities when staying there. Whether or not an proprietor can use the amenities while a renting guest is staying in their unit depends on particular condotel association principles and the condo filing paperwork in that state.te.

Possessing a condotel differs from purchasing and managing a traditional condominium or holiday home in numerous other respects.

While common condos are constructed by housing developers, condo hotels are often formulated by hotel and resort corporations these kinds of as The Ritz Carlton Hotel Organization, Starwood Hotels &amp Resorts or 4 Seasons Hotels. Condotel rates are often substantially increased per square foot than a conventional resort condo.

The extra expense of obtain, howevr, yields some gains. The proprietor has accessibility to the in-household management corporation services. Management will market place and rent your unit by the night time or for prolonged or small intervals of time. The management company expenses proprietors a portion of rental earnings (ordinarily 40% to 60%), and handles the maintenance, area get-prepared soon after a guest departure, grounds trying to keep and accounting. Miami is typically held out as the most condominium-crazed town not only in Florida but also in the overall United States. But examining this selection in proportion to dimension, Sarasota is even crazier. Condominium current market developers have ideas for 25,000 models in Miami’s central business district, or a single for every single 24 of its 600,000 residents. The Sarasota condo industry, on the other hand which caters to only a population of 55,000, gets one planned condominium for every last 19. Not remarkably, the significant question on the minds of current market players and observers is irrespective of whether the stifling building craze in the Sarasota condo marketplace will counterweigh need in purchase to generate the escalating price ranges back to ground. The truth that genuine estate agents have been obtaining trouble marketing Sarasota condos priced at $1 million or far more for some time is a good indication that the higher-stop sector is overbuilt.

Condos priced from $400,000 to $800,000 have been flying off the shelf, but true estate agents warn that Sarasota condo market might slow down by 2007 when constructions of just about 1,000 new units are completed. No an individual can inform precisely how many of these condo models have been bought by investors, but if the degree of speculation is large, and a big percentage of these units find their way back onto the market place, the organic law of supply and desire could depress price ranges.

Nevertheless, the standard consensus between customers, authentic estate agents and analysts is that the Sarasota condo sector is in far far better shape than those in other places across the nation. Two-bedroom models at The Plaza at Five Factors, for illustration, commenced marketing for about $650,000.

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How to Get the Right Miami Condominium for You

The city of Miami has plenty to offer such as its pristine beaches and warm weather. Actually, there are lots of people who love to visit the city in order to explore the beauty of it.

But there are also lots of people who are not satisfied with just visiting the city, they prefer to stay and have they very own home in Miami. There are different properties or homes that you can purchase in Miami real estate such as beachfront house. There are plenty of people who have homes with a beachfront. Actually, it is an excellent choice since you will have a perfect view, near the beach so you can easily enjoy the beach, white sand and the weather.

These houses are either sold or being sold with large amount of money. But if you have the guts, why not have one. There is another alternative if you realy want to stay and live in Miami, and this is buying a condominium.

If you are looking for a condo in Miami, you have plenty of options to choose from. So it is best to allot few of your time in finding the right condo for you. Of course, there are certain features that you want in a place to stay, so jot them down and look for condo that can fit your criteria.

Since there are options to choose from, find the one that can attract you. When choosing a condo, you have look at the place do you like it, does it comfortable enough for you, it the place safe enough, does it pleases you, these are few of the questions that you need to answer while seeking for the condo that you want.

If it is your first time in Miami real estate, hiring a real estate agent is a good option. Of course, you need someone to assist and guide you; the realtor can do that for you. But you have to hire the right one. Assign some of your time in seeking the right realtor, ask your family or friends for recommendations, they may have worked with a realtor before that gave them satisfaction.

The realtor knows the factors that you should look up into in finding the right condo. It is not only the physical aspect that you should check out. The other factor to check out is the services that they can provide you and their other tenants. These services that they should provide are cleaning services, laundry services, maintenance services, repair services, and so on.

You may have been satisfied with the physical aspect and the services they provide, but there is still one thing that you should check out, this is the rules and regulations of the building. So it is best to check everything first before you buy a condo with them, you have to make sure that you can abide with the rules and regulations.

The last factor that you should look into is the price. You may like the physical aspect, love the services they provide, you can abide with the rules and regulations but can you afford to buy it. This is why settling your finances first are important. If you have the means to have it, then enjoy your condo unit at Miami real estate.