Invest in real estate projects through crowdfunding

With their savings, they bought the vacant lot, but to begin to build the residence of 3.5 floors they needed 3 million pesos (MDP). First, they knocked on the door of Santander they asked for experience and guarantee three to one to back the loan. If the land acquired was worth 3.2 million pesos, they would only be receiving 1.5 million and the property would remain under guarantee. Two Multi-Purpose Financial companies were their second option. The percentage of 18 to 19% interest they requested was too much to support their small developer.

His last alternative was to bet on crowd funding or collective financing. A scheme that allows small investors to put their money in real estate developments, with amounts from 25,000 pesos, and obtain returns higher than the IPC in an average term of one to two years.

In 2016, by recommendations of friends, Rivera, Moniz and Curial decided to try it through expansive one of the three platforms that exist in the country. which began operations in July 2015. In a first stage, they asked for 1.5 million pesos to start construction. In just over a month, obtained from 12 investors, who could contribute from 50,000 pesos?

Adolfo Zavala, co-founder of expansive, points out that it is a win-win. On the one hand, you cover the capital needs of these developers. On the other, you open the door to potential investors who intend to diversify their portfolio and obtain more and better returns than other investment instruments.

Financing usually occurs through debt or co-investment schemes. Tau applied the first round backed with 14% fixed rate promissory notes. Today, the work is in the fourth month of progress, and through Expansive, the entrepreneur’s report how the project is going. Investors will be able to see returns by mid-2017, once the house is sold

If you spend more than you have, your debts may possibly lead you to borrow with high interests. State Street Global Advisors placed the statue to commemorate International Women’s Day. Although the cost of mortgage lending rises, 2017 is a good year to buy a home, experts recommend.

The sins of SME when applying for obtaining credit

It is inevitable that you think about financing to expand a business. Improve operating conditions when revenues are still nourishing the initial investment as in most micro small and medium enterprises. What should you keep in mind when applying for a loan? What does the business bank evaluate? A more optimal way to request a credit is to be documented by the different channels of communication of the bank on the offers of credits.

SME

What defines whether or not there is capacity to pay a financial obligation is its flow. It removes from subtracting income from business expenses. Thus we know if it is enough to cover obligations that have more than the ones you are requesting. Continue reading “The sins of SME when applying for obtaining credit”

Saving for Retirement Not for Treasury

Now of retirement to collect the savings in their pension plan many almost give them a heart attack since it is when they realize the fiscal implications of having to choose a savings product in the face of retirement. Paying taxes on products to save for our retirement can account for more than half of the capital we have saved.

Saving for Retirement

The current economic situation the demographic evolution and the social security situation is causing many to consider allocating part of their savings to supplement the public pension in the future since each view will be more complicated to get to collect the Maximum of the pension. Continue reading “Saving for Retirement Not for Treasury”

6 ideas to make money in summer

The summer offers own business opportunities of the time that can be taken advantage of by those who look for extra income. Here are some ideas.

The great assistance to the beaches during the first months of the year can be harnessed for various alternatives entrepreneurship, because it must be remembered that it is during the summer in which millions of people have time available.

make money in summer

Therefore, we offer some business ideas that can be implemented successfully in the hottest season of the year.

1. Frozen beverages

If the heat starts to arrive, the thirst will also increase, so that the frozen drinks will sell well anywhere. There is no need to buy a space or a cart, you should only have a mobile refrigerator with handle and go making the offers on beaches. Work is a bit exhausting, but a good income is guaranteed, especially if you buy from beverage suppliers, who sell the drinks at a lower price. Continue reading “6 ideas to make money in summer”