Foreigners are not allowed to own land in Thailand in their own name but foreigners are allowed to own and buy condos in Thailand freehold in their own name. Buying a condominium in Thailand is a popular real estate investment for foreigners but foreign ownership is limited to a quota. Foreign ownership in a condominium or condominium development project is limited to 49% of the sale-able total floor area within that condominium. The remaining 51% of the floor area in the condominium must be owned by Thais.
An important aspect of a condominium purchase is the fact that the unit falls within the 49% foreign ownership quota within such condominium.
With sale-able floor area is referred to the floor area of the condo, and not the common areas within a condominium. The floor area of a condominium unit is stated in the condominium unit title deed, which again relates to the voting rights in the condominium juristic person and co-ownership in the common areas.
Millhouse Ventures Ltd introduces an opportunity of investment in Las Vegas Real Estate which is now among the hottest US markets. Investors from all over the US and outside of it have been lured to South Nevada area as it is teeming with cheap houses due to foreclosures and bank repossessions. These foreclosed properties and reo-properties present a very promising prospect investment with a potential of high returns. Homebuyers investing in Las Vegas real estate recognize this potential of Las Vegas foreclosed properties and many purchase houses with one cash payments. In fact, such large volume of buying transactions involved foreclosed properties and bank-owned properties that they now dominate Las Vegas real estate market. Short sales as an alternative to foreclosures, are more profitable for the banks and a less competitive option for the buyers. Statistics show great ROI number on Las Vegas real estate investment which make it a prudent choice for any portfolio. Millhouse Ventures LTD specializes in distressed single-family homes in Las Vegas and area. The company business model allows its investors to capitalize on the unique opportunities recently created in the US market. It has an expertise to structure the best case scenario for each portfolio, whether it includes a short-term or a long-term hold, or a rental option. Company projects involve either a single asset, or a group of asset to suit investors’ needs. Millhouse Ventures is committed to provide high returns to its investors, while operating in a systematic, time-tested methodology backed by years of experience.
The number of condominium Philippines have steadily grown in the market since its first introduction. According to many experts, the reason why condominiums have become so popular in the Philippines is because of its many benefits in which many Filipinos living a fast-paced lifestyle have taken advantage off, which is its location.
Many condominiums in the Philippines are found in business and commercial districts, which allowed its residents to live within walking distance to their workplaces, a feat rarely found in other types of housing, except maybe from apartment buildings.
However, many new condominiums in the country have evolved to a more peaceful type of housing. These new types of condominiums are known as condominium complexes.
What is a reverse mortgage? This is a question that is being asked by a lot of people. The answer is that this type of mortgage is for anyone that is over sixty two years of age that owns their home free and clear.
These are the two main factors that determine whether you are eligible for reverse mortgage or not. Basically you can get cash from the equity you have in your home. You can get a small loan or a larger sum of money depending on what you need to survive everyday easier.
This type of loan was put into place to help the elderly survive when their income becomes reduced drastically and most are unable to work.
Are You Really Insured?
Are you properly insured against fire, theft or water damage to your condominium or townhouse? If a disaster strikes, who is going to repair the damage? Will your condos insurance cover damage inside the condo or is that up to you?
You may need to get what is known as an HO-6 policy. This type of insurance protects you – the owner of the condo or townhouse and makes sure that your home gets returned to its proper condition following a disaster.