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Wholesaling is a process that can be done in any real estate market. If there is a market in which buyers buy the property and sellers sell the property, you can wholesale.
Wherever you wholesale, you find a property for a lower price, get an option to purchase, and sell that option to a buyer willing to pay more than your original price.
Even while searching for a piece of property, a home or an apartment, buyers are at risk of making grave mistakes that cannot be rectified at all or only with great difficulty later in the process.
Just try a local law firm in Austria as we are to conclude your Real Estate Search and Home Purchase expeditiously and securely.
Austrian attorneys are mandated by law to represent only one party to avert conflicts of interest. Moreover, any lawyer who is a registered member of the Austrian Bar Association is subject to stringent professional and ethical standards as well as regulations.
Unlike a real estate broker, the seller of real estate or transaction funding bank, we, in our role as attorneys solely represent your interests and entirely in compliance with your wishes. As a result, you can rest assured that your interests and aspirations will always be our top priority.
It is effortless, you only need a real estate shopper which take care of finding your real estate and accompany you during all the acquisition phase of the property until the signature at the notary.
Yes, you can.
The only thing you need is an NIE. (Numero de Identificación de Extranjeros) That means Aliens Registry Number.
You can get that your from outside Spain using a Spanish embassy.
You can get more info clicking the following link for Ministerio del Interior, which handles that registry.
Ministerio del interior de España
Once you have that you can purchase your home in Spain
Of course, I would strongly recommend taking the following steps before committing to major financial decisions.
I hope this helps
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Best of luck
But getting a residence card—Titre de Séjour—is simple, and with it, you have free health care. If you Don't pay French taxes and have a French tax number, though, you can’t open a French bank account—which could pose a big problem when you buy a house or apartment, and for things like electricity and car insurance which are typically deducted automatically from your French account—as in la taxe d’habitation, the ‘park-yoour-carcass tax. See a French lawyer before you buy—you can find yourself in huge trouble and big-time out of Pocket if you don’t know what you’re doing. Ask me how I know. If you are older or retired, know that your inheritors will pay enormous death duties on what you leave them in France. You can ‘sell’ them your property EN VIAGER (google this), and they won’t have to pay death duties on it.
Non-citizens can buy property - look at the number of Russians and Saudis who own lavish properties in Paris, or for that matter Americans and others who own second homes in France - but there is no connection between that and residence rights. In fact, the general clampdown on illegal residents means that you may be asked to prove that you have a genuine residence in some other country and that you’re not living in the French property for more than three months in any calendar year.
Owning property in France does not necessarily entitle you to any claim of official residency. You’d have to use an attorney (which I can recommend), and having an apartment or house would undoubtedly help your case. It’s much easier to establish residency here than the U.S., that is for sure. But there is a process.
The first visa would be a titre de séjour (which allows you to live and work but not vote), the duration of which would vary depending on your situation.
Another path to getting a visa is being sponsored by an employer.
One other possibility is a long-stay visa, and you’ll need an attorney for this.
As for the property, there are no restrictions on use per se, except as dictated by a building’s by-laws in the case of an apartment. If you didn’t have a long-term visa, you’d have to leave the Schengen area every three months to renew your tourist visa.
NO, and also remember that when you buy there are stamp duties of around 8 percent with notary papers and so long you are nonresident there is one-third of profits on rentals to be paid to tax and also that they are specific capital gain on properties in France; it is only tax-free after 22 years on some parts and 30 years on other part CSG RDS which is already 11 percent on the profit.
Check with http://realtor.ca for the prices because it’s really weird that few buildings will be more than a million while neighbouring building will be less than half a million. It all depends on the age of the building and maintenance fees every month.
On average, I would say it’s at least 5,000,000 to 10,000,000+ won in key money deposit, and about 1,000,000 to 3,000,000 won a month in rent. This equates to about $4385–8,775 USD in collateral and $877 to USD 2632 a month based on today’s exchange rate.
Since you asked a follow-up question as your sub-question relating to families, I’ll assume you probably wouldn’t be interested in goshiwons, which can be cheaper and without the deposit, but these are not for families.
It depends on where you want to live. Gangnam is one of the most expensive areas. If you don't want to pay a one year deposit (as most foreigners don't want to), you will pay a bit more. In Gangnam, you can get a lovely studio for about $1,000 to USD 1,500. In other cheaper areas like near universities, it can be from $400 to $700.
In addition to the answer about apartments below, I would add that space is at a premium in most major cities and their suburbs.
According to Wikipedia, about 73% of the land available in Japan could be considered mountainous. Take away another large percentage for farming and agriculture. And what you have left is for living and business, etc.
While some areas of Japan are not too densely populated, such as the very rural prefectures of Shimane and Tottori, other areas are incredibly densely populated, such as parts of Tokyo with other 6,000 people per square kilometer. (Los Angeles, for comparison, is about 3,000 people per square kilometer)
So houses tend to be smaller to save space, and very few have front or backyards. Where I grew up in Texas, every third house had its swimming pool in the backyard - this astonishes my students when I tell them about it.
Are Japanese houses small? Like [too] so many things this answer must start with, “it depends.”
This question has caused me to go about and count the number of tatami mats in my house. I stopped at over 100, and that’s not counting the second floor, which is virtually unused. I also did not include several rooms without tatami mats, nor did I include the kitchen, bath, or hallways.
The mats are 90cm x 180cm, so doing the math.... er... I’ll let someone else do that. Anything over two digits gives me a headache. Anyhoo, as you might guess, not all Japanese houses are small.
Here’s a portion of the front of my house in VERY rural Japan.
It looks a bit different when it snows.
Yes, they are. When I first met my husband, he lived in a four jo apartment. I was shocked when he told me it had a shared toilet, and he used a public bath. He said he could do everything from turning on the stereo to turning on the stove without moving. I later learned that this was a widespread occurrence among young unmarried men. When he met me, I had a small, by my standards as someone from the states, one-bedroom apartment eight jo bedroom, four jo living/dining with a small kitchen and bath/toilet with a separate room in which to bathe. He thought I was well off, which I guess I was, comparatively speaking.
Hey Jadon, I think you mean Japanese apartments, houses are pretty standard over here, from 100 - 200 sqm usually. Apartments can be brutally small, and many don't have bathrooms, toilet yes, but any bathroom and some don't have a kitchen. Why? After WW2, many Japanese started living a minimalistic lifestyle, and it lingered until now. Space is also small, like in Tokyo, the largest city in the world, there is not much space, and we even have what is called capsule hotels where you live in an almost a coffin, you can't stand up in it. But modern Japan these things are changing.
The Japanese have long endured crowded cities and scarce living space, with homes so humble a scornful European official once branded them rabbit hutches.
But in recent years, Japanese architects have turned necessity into a virtue, vying to design different and visually stunning houses on remarkably narrow pieces of land. In the process, they are also redefining the rules of Residential Remodeling Services.
Few Americans would consider a parking-space-sized lot as an adequate site to build a house. But in Japan, homes are rising on odd parcels of land, some as tiny as 300 square feet.
Yet the term "house" doesn't do justice to these eye-catching architectural gems, fashioned from a high-tech palette of materials like glittering glass cubes, fiber-reinforced plastic, and super-thin membranes of steel.
More With Less
The need to do more with less space has sparked a boom in house designs that are as playful and witty as they are livable. One of Japan's leading designers of Kyosho jutaku, or ultra-small homes, is Tokyo architect Yasuhiro Yamashita.
Yes, many, because fault lines are ubiquitous in Japan.
The Japaneses (I'm married to one) have long since learned to construct buildings that are minimally susceptible to earthquakes. They utilize specialized mountings between the building frame and the underlying foundation, which absorb earth vibrations in all three planes (x, y, z) and significantly reduce the movement of the building. And the buildings themselves are designed to flex or sway, a slight amount, rather than being utterly rigid.
These mountings are complex in design, but for a very simplified view, consider a building that is mounted on four giant steel balls, one under each corner of the building frame. The concrete pad on which each ball rests could then move laterally, and the balls would roll while the building remained more or less still.
That is vastly oversimplified, and in practice wouldn't work very well. But from this, you can get the idea that there can be heavy-duty structural mountings which can flex and absorb shocks and motion in every direction -- not so different from the steering wishbones in an automobile, which in conjunction with the shock absorbers, keep your car riding smooth and stable on a very rough road.
If you can afford it, you should move.
The earthquake-resistance standards were revised in 1981.
Buildings built according to the new standards are robust when hit by a severe earthquake.
For example, the Great Hanshin earthquake occurred on January 17, 1995.
In the quake, many buildings and houses collapsed. And a statistic says:
Buildings built according to the old standards:
Buildings built according to the new standards:
As you know, many earthquakes occur in Japan recently.
You should be prepared for it, just in case.
Your biggest problem is that your job is probably in violation of your work visa. Unless you have permission to do work outside your visa status, you are SOL. You can't be an English teacher by day and have a construction company or real estate company on the side. If immigration finds out, they will shut you down, or the worst case takes away your work visa.
Also, if people are sending large sums of money to you from overseas, you will need to declare it to the tax office because they will regard this as income or that you are laundering money. Any amount over $10,000 you need to declare to the tax office. I know this because I had money sent to me from overseas, and then I had the tax office calls wanting to know where the money was from and what it was for. If you don't have an established company in Japan, it could look mighty fishy.
Yes, it is possible to use the funds from local investors to create a construction company in Japan.
To start the business, it is necessary to have the following license:
For creating a company and building a mansion in Edogawa-Ku, you might want to invest at least 10 million JPY as startup capital.
Anything less than that might not be considered severe by the local businesses.
The level of involvement you can have with the company depends on the type of visa you hold and the permissions it gives.
In addition to this, when entering a new market, it is a common practice to form a Joint Venture with a local company.
It is a significant contribution to the business because the local company has the knowledge and can help to build a reputation in the domestic market.
If you need assistance with the establishment of the business and further consultation, it would be our pleasure to help you.
As the Real Estate Consulting Company, we provide a full line of services for Expats in Japan, including property management, investment, property purchase, and sale.