Thursday 16 October 2014

Top 15 Reasons to live in Cayman Islands

1) Grand Cayman is the Safest Country in the Western Hemisphere. We have a strong and respected police department that contributes to the Peace and Order of the Island.

2) Best Climate. It surpasses Palm Springs or Palm Beach in the United States. 80’ to 90’s year round.

3) It is not in the middle of nowhere. You can travel anywhere in the world with relative ease. Only one hour flight from Miami.

4) No Income tax and No Property taxes and No Capital Gains in Cayman real estate!

5) There is no onerous tenant/anti-landlord legislation.

6) We are a British Crown Colony; therefore we benefit form a highly developed level of Political, Economic and Judicial Stability while also maintaining a high decree of autonomy.

7) The Tap Water is Safe to drink, clean water is provided by Reverse Osmosis.

8) There are approximately 20,000 persons on work permits (out of a total population of about 53,000) with the vast majority on a 1 year lease.

9) There is no substantial Over Supply of Residential real estate on the island. ie. There is no such thing as 5 model homes, a builder may build one and if it does not sell then he will rent it out long term and it will pay for itself over time. The real secret of the Island is that there is not too much of anything so Nothing is in Excess!

10) Government guarantees title of ownership.

11) No restriction on Foreign ownership (over 3 titles in your personal name requires a Trade & Business License)

12) Sophisticated planning and zoning bylaws with highly skilled building trades to assure your home is built to North American and European standards that you are accustomed to.

13) Highly skilled and sophisticated Doctors and Hospitals.

14) We have some of the most beautiful beaches and diving in the world along with world class restaurants, hotels Cayman islands condo.

15) Grand Cayman is a Very, Very Safe Oasis in a Troubled and Chaotic, World!

Wednesday 15 October 2014

How to save for a down payment

Owing a home is the start to building your wealth. It is a forced savings plan because instead of paying your landlords mortgage in rent you are pay yourself and building up equity. But how do you get that 5 or 10% down payment and another 7.5% for stamp duty? Here is a few ideas:



1) Pay yourself first! I know you will say “but I live pay check to pay check and I cannot make ends meet now” Try to put aside 5% or even 10% of your paycheck in a separate account, an account that is not connected to your debit card!  For example, if you earn $700 a week, that is only $35, you spend that at the movies, right?

2) Look for any ways to save, small or large! Skip the $3 cup of latte every morning costing you $15 a week for a full year and you just saved $780! All these little things add up!

3) Make your payments on time or even a day early. Paying late fees is like burning a $25 bill!

Don't wait to buy Cayman real estate - land buy NOW and wait for it to appreciate, there is no property tax in Cayman Islands.

I hope these tips can help you save faster! Please "like" us on Facebook.