David Beckham pays big money for Miami Stadium property

March 30, 2016 Steven Mengelkoch Leave a comment

City records reveal David Beckham and his investors acquired a site to build a soccer stadium. The former English captain announced that him and his group paid $18.5 million for a portion of the land where the new stadium will be built.

The Stadium Development will be located at 650 NW 8th St. in the City of Miami’s historic over town neighborhood. Beckham’s investing group have stated ‘’ Our intention is to create a mix of private and county controlled land, a total of 9 acres in Miami’s urban core, close to all the public transportation options and to the up-and- coming Miami River districts where new real estate developments are flourishing. ‘’ Beckham’s investing group is very excited about this new project.

Private properties which represent most of the land are already under contract and the county land is awaiting for negotiations at a fair price.

This project will be the most responsible stadium development in Miami history and even though the project is privately financed they will work together with the Miami Dade County Schools to establish the club as an educational resource for the community. The Beckham organization also engages with the community and nearby businesses and residents to incorporate their ideas in the improvement of the neighborhood.

Trump may change Miami’s real estate industry

March 11, 2016 Steven Mengelkoch Leave a comment

Trump and his career

Donald Trump the American business man, a bombastic real estate mogul, celebrity and of course the new candidate for the 2016 republican nomination for president of the United States is creating furor and controversy with his outspoken expression and political views. He is ratings, he sells.

The native of New York City who owns, develops and invests in real estate around the world is also a pop culture icon of our time and his role as a politician is giving him much more world renown. His experience in the real estate industry is vast and his experience in the field may come handy for his government if he gets elected president of the United States.

The conservative presidential candidate is a smart businessman. He works hard, and does whatever he can to pay the minimal amount of taxes to President Barack Obama. And his plan to completely restructure America’s tax code assures that every American will end up paying lower taxes.

Trump’s real estate in Miami

The billionaire owns several investments in the Miami area such as the Doral Gold and Spa Resort (www.trumphotelcollection.com/miami/) which he bought while the property was in bankruptcy in a sale for $150 million and and the Trump family has invested $250 million to complete a dramatic restoration recapturing the iconic resort’s early grandeur. The 700 room resort and golf course was a significant investment by Trump which he promised it was going to be the finest golf resort in the country. Trump’s brand name appears in several new condominiums and hotels in Miami and Fort Lauderdale.

Trump’s Tax Plan

Trump’s appeal is said to be his strive for giving voice to the angry masses. And even though he doesn’t seem to be the perfect fit to fight social suffocation his new tax proposals seem to have some tint of hope for the economy, which in the long run, may influence the Real Estate market in Florida. The tax proposals consist of the following:

Anyone who is single and earns less than $25,000 would not owe any income tax
Those making up to $30,000 will pay one percent.
Income from $30,000 to $100,000 results in a flat five percent.
$100,000 to $1,000,000 income will be taxed at 10 percent.
On $1 million or above will be taxed 15 percent.

Trump said his tax plan would hike taxes on the wealthy and would eliminate federal income taxes for millions of Americans creating many jobs and opportunities for others. Trump voices the waste, fraud and abuse of the federal government and the shameful way America’s government spends your hard earned tax dollars.

Trump told reporters that the plan would personally ‘’cost me a fortune’’. But he did not directly answer how much he would pay in taxes under his proposal. He also stated that prime real estate at good price in our current economy is hard to get.

‘’With more money in their pockets Americans will be more likely to invest in real estate and keep paying their mortgages’’, Richard Paz from Paz Global Real Estate Investments assures. Paz Global is a Real Estate Investment company located in Florida which has lived through the different phases of the economy and cycles that have affected the real estate market in Miami. Richard Paz hopes that the new tax plan would be a new true engine for the South Florida Real Estate market.

South Florida Real Estate

Canadian Dollar Crisis: an opportunity for investors

Image March 8, 2016 Steven Mengelkoch Leave a comment

Canadian Dollar recent history

The Canadian dollar is dropping fast, and more than one investment bank is predicting it will hit a record low in 2016.

Recently he valued of the Canadian “loonie” dropped below 70 cents U.S. for the first time in 13 years, and experts expected it to drop to 59 cents U.S. by the end of the year. This would be a record low for the loonie, falling below its 2002 trough of just below 62 cents U.S. to the American greenback.

What causes the Canadian dollar to decline?

Over the last six months, the value of the Canadian dollar (loonie) has declined by approximately 12 percent. Simultaneously, the price of oil fell by approximately 48 percent. The positive correlation between the two variables (the Canadian dollar-US dollar exchange rate, and oil prices) is high and has existed for a long time.

That’s not good news for our neighbors to the north (or the U.S. companies that make money exporting to them) who have been suffering the increment in the cost of living, since the country imports about 80% of its fresh produce.

In the real estate sector this represents a limitation for buyers since they are more cautious about expanding their money in moments when the currency has dropped down so low. The Depressed value of the Canadian currency against the US dollar is not only discouraging some Canadians from buying Florida Homes but also encouraging others to sell.

Why is this an opportunity for Canadian Citizens who bought property in the U.S. ?

Inversely this situation represents a great opportunity for Canadian owners of U.S.property to sell. Canadians who bought property in Florida in early 2008, 2011 and 2013 when the Canadian dollar was dancing par or below the US dollar will have a great return in their investment if they decided to sell their homes now. At the current exchange rate the Canadian dollar or loonie is worth approximately 75 cents, and conversely, a U.S. dollar is worth between $1.30 and $1.40 Canadian dollars. This can only mean something: is a great time to sell and net more with the current exchange rate. In Florida this represents a major impact on the Real Estate industry since Canadian have accounted t for seven out of ten international home buyers in recent years.

How can we help?

At Paz Global Real Estate we can help you with the process of selling your home. The process of selling real estate property can be confusing but you need not to be discouraged about making the move to sell in South Florida. Canadians are bombarded with misinformation, yet the process of selling your home in Florida is really easy. At Paz Global Real Estate we are knowledgeable professionals that will help you understand the how you can take advantage of this opportunity and invest by selling your home in times when opportunities are up. You can find more about us at https://pazglobal.com/ or call us at 305 466 2990.

Drone Real Estate Videos

Drone Real Estate in Miami

March 16, 2015 Paz Global Leave a comment

Drones and Real Estate

Richard Paz the President and Managing Broker of Paz Global Real Estate, Inc. recently introduced the use of a drone to create videos that showcase his luxury home listings. This seemingly innovative video capturing method has become one of the best property marketing tools ever.

Drones and Miami Waterscaping

While personal drones are not a new thing, drone real estate photography seems to be catching on just now. “Many of the luxurious homes that I market have close proximity to the ocean, Intracoastal waterway or canals with no bridges to the ocean. For these homes, drone real estate videos come in handy. Only a bird’s eye view of the entire property and neighborhood, and most importantly the water. Capturing 360 degree views of the home exterior can really do justice and demonstrate everything a luxury piece of real estate has to offer.” Says Richard Paz, Broker and Founder of Paz Global Real Estate, an Aventura realty with approximately 20 licensed sales associates speaking over 10 languages.

Technical and Law aspects to consider

Mr. Paz points out piloting a well-equipped drone is no easy task and practice makes perfect in order to get the perfect shot. For Paz, a licensed real estate broker with degrees in electrical engineering and business, practice comes easy. Richard Paz has the know-how and experience in creating smooth professional real estate drone videos to sell your home.

Regulations on drone use are just starting to take hold. “To be safe, try to stay within the property boundaries.” Adds Mr. Paz.

The latest additions to Paz Global’s portfolio of drone real estate videos are two luxurious homes in Lighthouse Point, Florida.

The home at 3581 NE 31st Ave. is located across the street from multi-million dollar waterfront homes in a prime area of Lighthouse Point. “Only drone real estate photography could accurately showcase this prestigious neighborhood.” Explains Mr. Paz. The home has been completely updated with 4 bedrooms, 2 baths and a swimming pool.

The waterfront home at 3720 NE 25th Ave. in Lighthouse Point, FL is located directly in an inlet of Hillsboro River. “I used drone real estate photography to capture the ocean, which is just blocks away, as well as the waterway, and the beautiful façade, all in one shot.” Says Paz. The home is recently built, with 6 bedrooms, 5 ½ baths.

So if you’re thinking of selling your home, let Paz Global do the marketing for you. Paz Global Real Estate specializes in international marketing and can sell your home for top-dollar. With our drone videos advantage, your home is sure to stand out from the competition. Don’t waste time; show everything your home has to offer with a comprehensive drone real estate video and photography package. We have the equipment and the know-how. For a free consultation and demo drone video of your home, setup an appointment with Richard Paz today by calling 305.349.3770.

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