Monday, October 29, 2007

Investment in condo with exclusive location

3 Bedroom apartment located in the exclusive neighborhood of Obarrio in the middle of of Panama's banking district. Available for leaseback investment.
250 square meters 3 bedrooms 3 bathrooms + half bathroom Maids quarters Fully fitted kitchen with white line & washing machine, gas water heating. Air conditioning units.
The apartment was refurbished in December 2006. Condo fees are of $200 per month.
Sales price: US$350,000 Condo. Bedrooms: 3 Bathrooms 3.
Consult your real estate agent.
Google Earth coordinates: 8.981732, -79.523335

Friday, October 26, 2007

Property Management Company - Hiring One

Hiring a property management company is a great idea if you have even a small apartment building. Having someone taking care of all the small details of a rental property means you'll have more time to find the next good investment. Also, trying to do it all yourself is the surest way to make your real estate investment experience a bitter one. To find a good property manager, ask the following questions.
1. Other properties they manage? It's best if they have rental properties that are similar to yours. You can also drive by their other properties to see how they are maintained.
2. The fee? They vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.
3. Extra costs? Are showings extra? Do evictions cost extra (beyond the legal fees)? Any other extras?
4. Who actually handles your property? It's best if one person handles your building all the time, and has some experience. Get their name.
5. How and when is the fee collected? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly?
6. Type of advertising? Exactly how will they advertise the units and what will it typically cost you?
7. Time and cost to prepare units? What's the typical cleaning fee on a vacancy, and how long will it normally be before it's rented out again?
8. Type of accounting? Which types of reports do they send, and how often? How are accounts set up?
9. Their hours of operation? What are their business hours, and who takes weekend calls?
10. What needs owner approval? What dollar amount needs your authorization, and is this negotiable?
You should ask other questions, based on your particular needs and the particular property. Be sure to ask everything up front, and you'll have fewer misunderstandings, and a good manager. Real estate investing and being a landlord is a lot less stressful with a good property management company.
Steve Gillman has invested in real estate for years.

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Sunday, October 14, 2007

Villa in Panama City - Camino de Cruces area

Single home from € 963,000. Camino de Cruces, Friendship Road, close to El Dorado and new US Embassy. 2 levels, 406, 3 bedrooms, 3 bathrooms, maid r/b, large backyard with pool, surrounded by vegetation. In gated community with 24hr guard. Sold only with furniture.
Call +507 270-0864 or +507 6617-3321.

Features: Roofed Parking, Maids Quarters, 24 hour Security, Laundry, Storage, Garden or Park, Kids Park, Air Conditioner, Patio, Central Air Conditioner, Corner Property, Roofed Garage, Living room & Dinning room
Appliances: Refrigerator, Microwave, Stove, Dishwasher, Instant Hot Water Dispenser, Washer, Dryer
More pictures downloadable here
Google Earth coordinates 9.011289648163606,-79.54334242864977

Plans Lower Level

Backyard and pool

Living room and furniture

Saturday, October 13, 2007

Gated golf community at the best price

Private, gated golf comunity located in Penonome, capital of the province of Cocle, the geographical center of the Republic of Panama.
MIDPOINT VILLAS, GOLF & MARINA offers 3 types of beautifully-designed villas with spacious floor plans and well-maintained grounds, all just a short walk from the first tee of its 9-hole, par-3 course.
Models are :
KAPALUA 201.70 mts / 2171 square feet
ST. ANDREWS 231.86 mts / 2495 square feet
AUGUSTA 246.45 mts /2652 square feet
Consult with your real estate agent

Island property for sale at $16M

151 hectares (373 acres) of island property, close to David. Lots of vegetation, crystal-clear, ocean water, white sand beaches and tropical vegetation. 30-40 minutes by boat off the coast of Chiriqui province.
Only serious offers from interested parties.
Surface: 151 hectares
Consult with your real estate agent
This new 30-story corporate office tower is an ambitious masterpiece located in the heart of Panama City's banking district, at the intersection of Aquilino De La Guardia Ave. and 47th Street.
The building is equipped with state of the art technology and security and also offers:
  • 1100 parking spaces (You get 1 parking space for every 50 sq mts of office space)
  • Each floor has 1670 sq mts and its subdivided into 11 offices, each one with a bathroom.
  • Brings 11 modern high-speed "intelligent" elevators
  • Automatic fire sprinklers in all floors
  • Heliport
  • Access to fiber optic ring
  • Emergency backup generator capable of powering the entire building
  • Two pressurized emergency stairwells
  • Luxurious design with ultra-modern architecture
  • Double paned windows, that insulate the building from noise, pollution and heat.
    Bathrooms: 1, Surface: From 86 m2
    Consult with your real estate agent
  • Penthouse in heights of Panama City

    This property is located in Villa Las Fuentes, in El Dorado area very close to El Dorado shopping center, convenience stores, supermarkets and banks.
    The apartment penthouse has 220 m2, it has 3 bedrooms, 3.5 bathrooms, maid quarters and bathroom, laundry area, kitchen, Living room and Dinning room, spacious balcony and great views to the city.
    Property tax free until 2016.
    Maintenance fee is $232.32 USD
    Sale price: $190,000, Penthouse, Bedrooms: 3, Bathrooms: 3.5, Surface: 220 m2
    Consult with your real estate agent

    2 Beautiful 1 bedroom apartments with un-obstructed views of the Bay of Panama, Amador Causeway, Pacific Entrance to the Panama Canal and Panama City.

    The apartments are located on the 19th floor of the Bay Front Tower on Avenida Balboa, in the heart of Panama City. Each of the apartments boasts beautiful views of the Bay of Panama, and Panama City Skyline.

  • 96 m2 apartment with direct ocean views is: 290,000 USD
  • 98 m2 apartment with indirect ocean views: 195,000 USD
  • 1 bedroom with walk-in closet and master bath
  • 1 visitors bathroom
  • Open kitchen with granite counters
  • Laundry room/pantry off of the kitchen
  • Floor to ceiling windows with outstanding and direct views of the ocean
  • Balcony
    The social area of the building is very modern and complete and includes a swimming pool, bar, work room with variety of machines and bikes, and sauna.
    Bedrooms: 1, Bathrooms: 1.5, Surface: 96 - 98 m2
    Consult with your real estate agent
  • Family home duplex in residential downtown location

    Big duplex for sale, close to the biggest hospital in Panama.

    The first floor consists of an ample living and dining room, large kitchen and laundry area, maid’s quarter with its private bathroom; also, it has small garden with a big terrace, jacuzzi and a family room.

    The second floor consists of an extensive master bedroom with a big bath and walk-in-closet; a studio, and two additional bedrooms with 1 bathroom.

    On the main entrance, it has a foyer with a visitor’s bath, and garage for three cars.
    Sale Price: $225,000, Bedrooms: 4, Bathrooms: 3.5, Constr. Area: 325 m2, Total Area: 350 m2
    Consult with your real estate agent.