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Is buying a home in the United States a good investment? – Entrepreneur

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The crisis would mean the opportunity to invest in a home that will be vital at the time of retirement or for vacation.

October
9, 2020

4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


This story originally appeared on Alto Nivel

By Jaume Molet

In times like the ones we are experiencing, of a national and global slowdown, investing in a property in the United States continues to be an option for many Mexicans.

At the 4D Real Estate Sharks Forum, presented by Lamudi and Real Estate Sharks, held 100% virtual, the conference “Binational Businesses MEX-USA” was presented by Tom Salomone, Former President of NAR ( National Association of REALTORS®) who spoke about the best way to do real estate business in the United States, strengthening relationships with other brokers and strengthening ties.

For example, Texas and especially the city of Houston is between 5% -20% below the current fair market value, the real estate of the home is affordable and offers continuous employment opportunities, the real estate market of the city It is very active, with trade volumes said to be high and the housing stock moving rapidly.

The purchase of houses is manifested in a very active way by the incentive of low interest rates, which allows people who kept their jobs during the crisis or who have savings , to venture into a large investment, but on the other hand for some people This situation is a reflection of the social inequality that prevails in almost the entire world where there are people who have not been able to pay their rents or their mortgages.

Industry experts consider that crises mean the opportunity to invest in a home that will be vital at the time of retirement or for vacation, and even to have an extra income if they rent it and for this it is essential to know where you can find good prices and In the same way, try to ensure that the investment does not depreciate in future years.

We must not forget the EB-5 visa program, which allows foreigners who invest and create jobs in that country to apply for permanent residence . This benefit extends to the investor’s spouse and their children under 21 years of age. The requirements for those who wish to apply to this program include an investment of at least $ 1.8 million and generating 10 full-time jobs. If the investment is made in a specific employment area (TEA) or rural, the minimum investment is $ 900,000.

However, the US market now faces two great challenges: after the pandemic, the real estate market in the neighboring country has seen a decrease in inventory, which has generated a price war, and let’s not forget that it is experiencing a moment of uncertainty about immigration policies that depend on the next elections.

But the key message that I would like to leave is to highlight the importance of always having a trusted real estate agent who takes us by the hand, not only in an international investment, but also in local investments, in this way we ensure that our money is well protected .

Editor’s Note: This text belongs to our Opinion section and reflects the author’s vision, not necessarily the High Level point of view.

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Large federal investment announcement planned for Tecumseh – AM800 (iHeartRadio)

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An announcement on the “single largest federal investment in the history of the Town of Tecumseh” is planned for Monday morning.

Windsor-Tecumseh MPP Irek Kusmierczyk and Tecumseh Mayor Gary McNamara plan to reveal details at Tecumseh’s public works yard.

The news conference is planned for 9 a.m.

This is a developing story. More coming.

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Kotak Mahindra's Profit Beats Estimates on Investment Gains – BNN

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(Bloomberg) — Kotak Mahindra Bank Ltd., India’s third-largest lender by market value, posted second-quarter profit that unexpectedly grew as income from investments rose and expenses dropped.

Net income climbed 27% to 21.8 billion rupees ($295 million) for the three months ended Sept. 30 from a year earlier, the Mumbai-based bank said in a filing Monday. That beat expectations from analysts who expected a profit of 13.4 billion rupees, according to data compiled by Bloomberg.

The lender said it set aside 3.7 billion rupees in provisions during the quarter, compared with 4.1 billion rupees a year earlier. Indian lenders — like others globally — have been stepping up buffers to protect themselves from the financial fallout of the coronavirus pandemic.

Still, Kotak Mahindra’s gross bad loan ratio fell slightly to 2.55% at the end of September, compared with 2.7% three months earlier. The ratio would have stayed at that level if India’s top court hadn’t allowed lenders to continue with a relaxation of rules around bad debt recognition, it said.

Kotak Mahindra, backed by Asia’s richest banker Uday Kotak, is exploring the takeover of smaller Indian rival IndusInd Bank Ltd., people with knowledge of the matter said this week. A deal would cement Kotak Mahindra’s position as one of India’s leading private banks, boosting its assets by about 83%.

A spokesman for Kotak Mahindra declined to comment on the takeover plans, while a representative for IndusInd denied the report.

Kotak Mahindra boosted its balance sheet earlier this year by securing nearly $1 billion in a share sale.

(Updates with details from third paragraph.)

©2020 Bloomberg L.P.

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Rocketship Remakes Early Stage Venture Investing – pymnts.com

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Most investors claim to follow the data, which is good investing practice and even better marketing. Besides, no really successful investor is ever going to claim blind luck or gut instinct as their secret sauce.

But letting the data drive one’s actual investment decision-making is a lot more difficult in practice than it is in theory. After all, there’s a lot of data out there, Sailesh Ramakrishnan, a partner at early-stage global venture capital firm Rocketship Ventures told Karen Webster in a recent conversation.

He said the world is awash with data all day, every day – from mobile apps, social media, ratings sites of all sorts, etc. – a stream that generates a constantly shifting sea of information for any investment firm.

But Ramakrishnan said that information breaks down into three distinct types. “There’s a bunch of day-to-day, changing data that come in, things like newspaper articles, employment history, new executives joining, funding announcements and so on,” he told Webster.

On the other end of the spectrum is the static, mostly historical data about a company. And in between is the slow-changing data – quarterly performance results and the like.

“So there’s a whole continuum of data, and not only do you need different techniques to extract information, you also need different ways of combining these different streams to get an entire image,” Ramakrishnan noted.

And that is what Rocketship’s algorithm-based investment model was constructed to do. It sets multiple models keyed into different time slices against the startup ecosystem and gears the firm’s investments toward early-stage firms in their earliest investment rounds (generally the seed, A and B rounds).

The model aims to accomplish the same goal of every early-stage investor: to get in on the ground floor with the next amazing company and disburse the funds entrepreneurs need.

Following The Data To The Unexpected

Rocketship’s models are varied – some compute data every day, some every few weeks and others every few months.

Ramakrishnan said none of these models are perfect, because perfect models don’t exist. But they’re designed to learn and improve over time, filtering data into better guidance and recommendations as to where the firm should be looking to invest.

That doesn’t mean the model gets to make decisions on its own. Ramakrishnan said one of the most important realities of working with mathematical modeling is that it has its limits. Reality is full of intangibles that matter very much to a company’s success, but they’re hard to present mathematically.

“That is why we have not invested in every company that our algorithms identify,” Ramakrishnan explained. “We as human partners spend a lot of time trying to understand that ‘secret sauce’ that exists within the company, and whether that is a sustainable, resilient element.”

But it does mean that when the data point in a certain direction, the firm knows that’s the place to start looking – even if it’s not what Rocketship expected to see.

A World Of Opportunities

That was the firm’s experience almost immediately upon launching its first fund five years ago. The plan was to do what nearly every Silicon Valley investment firm was doing at the time.

Rocketship intended to start local with all the opportunities in the Valley, then down the road push out into the country at large and eventually the wider world. But when the firm actually started running its algorithmic models, Rocketship quickly found that its plan was, in a word, wrong.

What the data told the company was that its own backyard was the wrong place to play. The broader world was full of amazing companies without much regard to borders – in India, the European Union or Latin America.

Ramakrishnan said Rocketship was founded by career data scientists, all operating under one golden rule: “Never impose one’s strategy in conflict with what the data is saying.”

“Data offered us these kinds of global opportunities and we followed,” he said. “We became a global investor pretty much on day one, and were immediately very different from what most other investors were doing.”

Thriving During The Pandemic

Ramakrishnan pointed out that the world of investing is changing all around us, but in ways that play to Rocketship’s strengths.

In a world where a pandemic has shut down face-to-face meetings, everyone on Earth suddenly has to learn something that Ramakrishnan said his firm has spent the past half-decade working on: investing in firms whose founders you’ve never met in-person.

And he added that the investment landscape is still lively in an awful lot of places. For example, firms that enable cloud-shift, FinTechs that enable lending, firms specializing in employee management and neobanks/digital banks are all areas where opportunity is exploding in response to recently skyrocketing demand.

Democratizing Venture Capital

Perhaps even more interestingly, Ramakrishnan said, is that the investing landscape itself is beginning to change as it becomes more globalized and democratized. The balance of power is shifting in ways he believes will ultimately benefit the best, most innovative companies worldwide, without regard to where they were founded.

Ramakrishnan said the next amazing startup might come from Silicon Valley, but it could just as well come from Vietnam, Nigeria, Chile or Colombia. And those firms will come to market better able to build a track record of results without raising capital – which means by the time they’re talking to potential investors, “the dynamic has changed,” he noted.

The money will always be extremely important, but the data-driven investing world of the future is about more than that, he said.

“Everybody’s asking investors, ‘What can you do for me?’” Ramakrishnan said. “[But] it’s not just about if we have the dollars – it’s because of our backgrounds, our data science, our data.”

“We now have to have those reasons why you should take our money from us versus anybody else who’s offering money to you,” he said. “And I think that dynamic – where there is that recognition of the value investors play over and beyond just the dollars – is [an] essential part of this conversation.”

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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