Panama Paradise and Nest Egg Webinar
Experts answer Your Questions Live.
Find out why publications like Wall Street Journal, New York Times, L.A. Times, Fortune, Conde Nast Traveler, Where to Retire and International Living have PANAMA on their radar as the DUBAI of Latin America.
The U.S. Economy is in meltdown, the middle class is in Economic Crisis- What are your options? What No one will tell you- This information can change your Life, for the Better!
PANAMA offers: Economic Alternatives -
• lower Cost of Living - Half the cost of the U.S.
• Excellent CHEAP HEALTHCARE – John Hopkins Medical Center
• Groundfloor Opportunities: 5 STAR Beach Community starting from $50,000
• Groundfloor Investment Opportunities: Beach condo built from under $249,999.
• Market Value is Rising steadily: U.S. meltdown has no Impact on Panama since 95% of investors in Panama are European, Spain, Venezuela, Russian, Canadian, - Stronger!
• Tax Incentives: No Taxes for 20 years on Properties
• Legal Asset Protection: Buy with a corporation, identity of share owners is undisclosed.
• Retirement Haven: Retirees get 25% discounts on Everything; restaurants, movies, hotels, airfares, Medical… everything!
FREE Roundtable of Experts will answer your questions Live.
• Calls: (407) 641-5747 U.S. & Canada dial direct
• Emails: info@ThinkPanama.com
• Live Session: SIGN UP FOR THE PANAMA PARADISE and NEST EGG WEBINAR
• Text messages during Live Webcast
Thursday, September 25, 2008, 8:00p.m. EST LIVE
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PANAMA is STILL STRONG! Ground floor Opportunities Available.
PANAMA is being called the Dubai of Latin America- Economic Growth is still going Strong. Panama is a global commercial business center and foreign investment is broad and diverse in sectors that are currently Booming like World trade, Construction, Hotel & Real estate developments, Tourism, Ports, Telecommunications, Oil reserves, and commerce. Panama is being compared to Dubai in growth. Panama tourism Panama’s tourism is growing on average 12% per year. Panama has the second highest hotel occupancy level in the World, with 84.7% avg. all year. Find out How you can get- in while the Opportunities are still available.
PANAMA is a SAFE Investment. Find out Why in the Webinar
SATURDAY, September 20, 4:00 p.m. EST,
Find out why PANAMA is HOT!!! And why Donald Trump, Bill Gates, Carlos Slim, Jimmy Carter, Brad Pitt, are INVESTING IN PANAMA.
CLOSEOUT BUYS AVAILABLE!!!!
• Buy 10,000 sq. ft. lot in an Exclusive Beach Community for $50,000
• Government Auction Liquidation Beachfront property now Available.
• Buy with only $10,000 down.
• 2 day “EXPERIENCE PANAMA” tour from $599.- Includes:
- 5 Star Hotel
- Airport & Hotel transfers
- Breakfasts
- Transportation & Guidance during your entire stay
- Dinner overlooking the Panama Canal Locks
- Investment Workshop with Experts
- Property Tours
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Panama Real Estate Investment - The Time is Now Webinar
Panama real estate investment is a hot commodity but as in any international real estate there involves some risk. When buying property in a foreign marketplace you need to prepare yourself with the right information to protect your investment.
Douglas Choy a Latin American marketing specialist and a Panama real estate expert. Mr Choy has been mentioned in several business magazines including an article in Latin Trade magazine and quoted as an expert in the region. Today, he runs the marketing firm he founded Global Branding Group and has designed and strategized the success for many brands globally in the United States, Europe and Latin America. He has also played a key role in promoting Panama internationally. through the ThinkPanama.com real estate portal.
Signup Here for the Event…
Panama Real Estate - The Time is Now Webinar!
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Buyer Beware!
Panama is a Sellers Market & Gringo’s Pay More than locals.
It is traditional in Panamanian’s mind set and culture that when they are negotiating with a white Anglo male i.e. Gringo (term for United States white looking male), the price automatically jumps up…doubles. This behavior dates back to when American Military personnel used to rent apartments in Panama City, and the price of a “normal” apartment that rented for $600 to a local, jumped up to $2,000 per month if it was for a U.S. military person.
These days, now that everyone even cab drivers know the term “baby boomer” and use the term “boom” as in Real Estate Boom - everyone thinks their property is worth Millions. The story you hear is “my neighbor sold for X millions” therefore, my price is in the “X millions”. Panamanians do not know about “10% Cap Rates” and the diverse investment formula are used by sophisticated Investors. They go by “word of mouth” or by how you look. Expect that when trying to negotiate on your own you WILL pay more.
My recommended solution: Work with a local licensed real estate professional. Let the natives negotiate with the natives without stating who the investment is destined for; It should not matter.
I am not a career real estate agent. I do possess the Panama Real Estate License necessary to engage legally in the real estate business and to transact in favor of my clients which as I see it is the foreign Investor. My responsibility is to make sure that my clients “Buyers or Investors” do not pay more than what is fair price, and that the entire purchasing experience flows positively and is done with proper legal representation and maximum respect towards all parties involved.
Real Estate prices have tripled over the last year and the price HYPE or BUBBLE as we call it is all based on Speculation and a false wave hype that has creating a DEMAND that is not there yet. Most prices you will come across are Inflated and BLOWN UP by 30% - 40% and developers are masters at selling under the suspense of “there’s only one unit left”, when in fact there are probably at least a dozen units left and a long line of FLIPPERS waiting to FLIP the units they bought a year ago and now “their situation has changed” (when referring to their buying power negatively affected by the U.S. economic slump).
So what is the Solution? And is there a Real Investment Opportunity in Panama?
Answer is YES! However, today- to fully take advantage of the current real estate investment opportunity you must be informed and have access to recent pricing trends for analysis of actual accurate pricing, going back to January 08 or even further back 12 – 14 months. Research what’s developments are on the drawing board that may affect your investment?
Inform yourself with recent laws proposed that may affect your pocket, for example a recent law proposed by the government to have property owners in the Avenida Balboa area pay an additional tax for funding of the construction of the new highway (cinta costera) currently under construction.
To take full advantage as an investor you have to be exposed to “the next phase” or “future growth areas” in Panama. And you have to be shown ground floor opportunities so that you can buy- in low (at the first initial offering price) and possibly flip at the high end of the price curve. At the current trends you can make thousands of dollars or millions of dollars depending on your investment scope budget on ground floor opportunities.
Tips to pay less: Buy low!
- Work only with licensed real estate professionals. Require to see credentials ID.
- Let a local licensed expert that you feel you can trust negotiate on your best interest.
- Request data on pricing in the specific area? And rents in the area?
- Request to know about future developments, projects in the area?
- Get Info on other projects in the area; their sales performance?
- Ask about ground floor opportunities or first price, Pre-Sale pricing?
- If buying commercial property request past income and expenses reports.
- Work with a company (www.ThinkPanama.com ) that has experience working with foreign investors and that can provide references and positive experiences from past clients.
- Work with a local licensed broker that has the local market knowledge and leverage to negotiate for you directly with owner of the property or development.
- Work with a local licensed broker that can show you ground floor opportunities.
ThinkPanama.com holds monthly “Invest In Panama” workshops with round table of local experts that provide FREE: legal expertise, tax expertise, investor immigration visa options expertise, offshore investment expertise, relocation expertise, and a host of other topics in the interest of providing Local Expert Solutions to Investors. As a part of these workshops ThinkPanama.com licensed real estate expert Douglas McArthur Choy presents a PREVIEW of several Ground floor investment opportunities options in the Panama market. The next Invest in Panama workshop is on September 19, 2008, for information or to Register FREE contact Douglas Choy.
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Ground Floor Investment Opportunities…Going Up!
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