Archive for January, 2010
Jan
13
It is commonly held that IFAs can search the entire marketplace for the best products. However Royal Bank of Scotland private banking tell me their products (publicly advertised on their site) are not available to IFAs. Do IFAs know about these (potentially better products) or not? If a better product is available in the market but not to the IFA is it not a conflict of interest for the IFA to sell the customer an inferior product knowing there is a more suitable product they don’t earn any commission on?
Sell and Rent Back
Jan
12
Aiggig to Roll Out Real Estate Fund Via Pms Route
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Kolkata, Jan 14 AIG Global Investment Group (AIGGIG), which already has some exposure into the Indian real estate market, is rolling out India focussed real estate fund through the portfolio management service (PMS) platform within a next few months.
Saurabh Sonthalia, chief executive officer of AIG Global Asset Management Company (India) Pvt Ltd, said: “We have a team on ground to look into investments in real estate. The team has been investing in real estate projects in India for the last 14 months. We want to put it together and wrap into a fund in the next three-four months.”
Besides being one of the largest real estate developers across the world, AIG insures a wide range of Companies in the real estate industry including real estate investment trusts, fiduciaries and trusts, property management firms, real estate developers and commercial property owners.
“We plan to launch a few more products this year,” said Sonthalia. According to sources, the company, which managing assets to the tune of Rs 3,500 crore, plans to roll out schemes in sectors such as commodities.
AIGGIG has also filed offer document with the regulator for an offshore fund to invest in gold and precious metal mining firms. “The investment will primarily be in gold mining Companies. However, it will also invest in other precious metals,” he said.
The company has recently launched AIG Infrastructure and Economic Reform Fund, an open-ended equity scheme to invest in Companies, which will benefit from potential investments in infrastructure and economic reforms.
The fund will invest 80-100% in equity and equity-related securities and the rest in debt and money market instruments. The fund will remain fully invested up to 95% in equity and equity-related securities. It will have only 5% in short-term debt and money market instruments to meet short-term liquidity requirements of the scheme.
Quick House Sale
Jan
11
How much equity will I gain on this real estate property?
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I am looking to purchase a piece of raw land to build a commercial building that is going to cost around $1,000,000 to build and that does include the cost of the land if I bought it outright. The land I am looking at, the owner is willing to Owner Finance it. I need 20% down payment on the bank loan so I need to put up $200,000 down payment on the loan. I do not have the $200,000 cash on hand so therefore the owner of the land is going to finance the land for 10% down payment on the $100,000 sale price with his own interest rate. My question is, if I pay the owner $10,000 down payment on the land how much equity will I have on the land? Will I have the full $100,000 worth of the land or only the $10,000? Do I have to ask the owner to release the title of the land to my name so that I get the full equity from the land?
I want my cash down payment on the bank loan to be as low as possible. Want to use equity on land as source for the down payment along with cash.
Quick House Sale
Jan
10
out to scab like parking companies so that they can then fleece pregnant women for 90 quid fines .
Surely the companies were granted this land for free parking .
And who sets these exhorbitant fines is there no kind of publice office to regulate or shoot the perpetrators of this heinous practice.
Quick House Sale
