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...

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...