This is what $300,000 buys you in Bermuda

  Рет қаралды 23,286

Omar James

Omar James

Күн бұрын

Bermuda is a tiny island in the middle of the Atlantic Ocean and home to one of the most expensive real estate markets in the world. Here is a tour of a Bermuda condo I recently purchased for about $300,000
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Пікірлер: 101
@traviswarren8312
@traviswarren8312 2 жыл бұрын
Great informative video! I need to come check out the place soon. Yeah, in the states average interest rates for a 30 year mortgage came down a lot from it's high around 4.8 in 2019 to a low of 2.6 in 2021. Interest are starting to go up again but I got 3.1. Thanks for the shout-out!
@OmarJames
@OmarJames 2 жыл бұрын
Thanks for clearing that up, trav! Tell kim I said hey!
@Summer-zv1tq
@Summer-zv1tq 2 жыл бұрын
@@OmarJames what can you get for $450,000? 🤗
@feliciavale4279
@feliciavale4279 Жыл бұрын
​@@Summer-zv1tq You can probably get a fixer-upper that needs a *lot* of work judging from my recent looks at property skipper.
@kellywilliamson2187
@kellywilliamson2187 11 ай бұрын
I am amazed you found a place that nice for that price in Bermuda . . . amazed!
@OmarJames
@OmarJames 11 ай бұрын
It was definitely a good find! I had to move quick
@treatmentinprogress5047
@treatmentinprogress5047 Жыл бұрын
Congratulations on your purchase! I stayed in that unit in 2021 for 4 months while working there, was in that apartment for 2 hurricanes too. The Twizzy electrical outlet is there because I asked the owner to install it. Was the fire alarm ever fixed? It used to go off in the middle of the night and he finally just shut it off. The front doors are new, they were solid wood. One of the washing machines leaks like a bugger. The hot tub was never on, the pool is cold. There's a great place to jump in the ocean down to the right at the park bench. When I had a unit on the bottom floor I would drive my bike or Twizzy right to the back door to unload groceries. The view is super duper.
@OmarJames
@OmarJames Жыл бұрын
Fire alarm and the washing machine is fixed! Hot tub works but is almost never on because of some condo association related conflicts. Thanks for the electrical outlets! Couple owners with electric cars use them daily
@Usuario12332
@Usuario12332 2 жыл бұрын
If a shed is BMD 225,000 then you definitely made a great deal! The view is impressive! Very nice! 👏👏 Congrats! 😉
@OmarJames
@OmarJames 2 жыл бұрын
that shed in a great location tho. Right in the middle of hamilton! 🤣🤣🤣
@dsquared1956
@dsquared1956 10 ай бұрын
Dude, you are different, than any other guy from Bermuda, and tha is why I dig you...If there was a spot right near you I would buy it...just to hang with you .....
@koolblue6927
@koolblue6927 12 күн бұрын
That's a $5,000,000.00 view!! Good luck with the new home.
@tanyajones3726
@tanyajones3726 2 жыл бұрын
Congratulations!!! Thank you for sharing Omar. Also another way to pay your mortgage off quicker is to put a lump sum down at the end of the year. I have friends who were able to put down $25k each year and this took 10 years years off!
@OmarJames
@OmarJames 2 жыл бұрын
Great advice!
@loriking7224
@loriking7224 Жыл бұрын
I really NEEDED to see this video! Great Job and a beautiful investment.
@OmarJames
@OmarJames Жыл бұрын
🤗
@johnfoye6944
@johnfoye6944 Жыл бұрын
Good things come to good people very nice place👍
@therealdessjayxx8602
@therealdessjayxx8602 2 жыл бұрын
Congratulations!! Very informative! Helpful insight for young budding Bermudians like myself!
@OmarJames
@OmarJames 2 жыл бұрын
Glad you found it useful!!
@Steph-qg4iw
@Steph-qg4iw 2 жыл бұрын
nothing like home.. came across your video, very useful advice, is this clear view? damn looks amazing!! very differnt from back in day. spent loads of childhood in that hotel. love the content, and thanks for the knowledge! appreicate it
@OmarJames
@OmarJames 2 жыл бұрын
thanks for watching! you are correct, it's clearview. The entire property was broken up and sold so it's actually a nice little residential neighborhood now.
@tw33144154
@tw33144154 2 жыл бұрын
Congrats on the new place!
@OmarJames
@OmarJames 2 жыл бұрын
Thanks travis!
@carportchronicles1943
@carportchronicles1943 2 жыл бұрын
I was stationed at the Navy base between 1990 and 1991. I was lucky enough to be able to live off base and rented a one-room apartment, which was part of a larger house. The address was 4 Silk Ally in St. Georges. I believe I paid somewhere between $300 and $400 a month for rent. It had a living room, kitchen, bedroom and bathroom. Bermuda was one of the best places I was stationed during my 20-year career. I hope to go back and visit someday. I plan on watching more of your videos to see how much has changed.
@OmarJames
@OmarJames 2 жыл бұрын
Thanks for watching! $400 month rent seems like a fantasy compared to what people are paying now lol. I hope you make it back one day!
@edwinlewis4454
@edwinlewis4454 Жыл бұрын
You definitely came to Bermuda at a time when life was able to be lived with just one income... Those days are over with...
@treatmentinprogress5047
@treatmentinprogress5047 Жыл бұрын
I heard the US pulled out because the guys were not behaving very well, and that's an understatement. Was probably after your time though.... US sure left a bunch of garbage on the island, too bad, such a nice place that Coopers point area. NASA is still working there too, they were monitoring space shuttles back in the day. You must have had a great time, such a gorgeous place with interesting landscapes. Not many birds. Were there chickens running all over the place back them?
@carportchronicles1943
@carportchronicles1943 Жыл бұрын
@@treatmentinprogress5047 I don't recall seeing a single chicken on the island the entire time I was there. The primary reason the base was closed was the collapse of the Soviet Union. The mission of the base was to track Soviet submarines in the Atlantic. When the Soviet Union collapsed the ran out of money to fund their military and many of their submarines were left to rot, unmaintained in their ports. With the threat diminished, the United States embarked on reducing its military and eliminating bases which were no longer necessary. About this same time, I senior enlisted Navy member assigned to NAS Bermuda blew the whistle about how the base had become recreation area for Navy pilots and high-ranking officers. A 60-Minutes investigative news story was produced about the base and that was the nail in the coffin.
@johnnielambert5845
@johnnielambert5845 2 жыл бұрын
Omar good luck. You are doing the right thing, this is a start to better things. Enjoy you piece of the rock..
@OmarJames
@OmarJames 2 жыл бұрын
Yeah, so far soo good but definitely happy to finally have my own place. much appreciated!!
@anitawears2844
@anitawears2844 2 жыл бұрын
Absolutely loved this. Wonderful human interest story. Alright Omar.
@OmarJames
@OmarJames 2 жыл бұрын
glad you enjoyed!!
@Nulzie
@Nulzie 2 жыл бұрын
I think you made a good decision and I’m sure your mortgage is a lot less expensive then paying rent. Very nice.
@OmarJames
@OmarJames 2 жыл бұрын
It is! I really didn't want the mortgage to be as high as my rent which limited my options but i'm happy with the result. thanks for watching!
@tansaepearman8639
@tansaepearman8639 2 жыл бұрын
Great video. Very informative.
@OmarJames
@OmarJames 2 жыл бұрын
Thank you!
@geraldined5146
@geraldined5146 2 жыл бұрын
Thank you for this video.
@OmarJames
@OmarJames 2 жыл бұрын
Np!
@joaodasilva5786
@joaodasilva5786 2 жыл бұрын
Thanks for the video man ! awesome
@OmarJames
@OmarJames 2 жыл бұрын
Glad you liked it!
@philipclift7205
@philipclift7205 Жыл бұрын
Great price, great view, get fishing! Good job
@OmarJames
@OmarJames Жыл бұрын
Thanks 👍
@5MillCity
@5MillCity 2 жыл бұрын
Fantastic! That is a solid buy. So happy for you. Views are meh. 😏 Kidding, they are stunning. 👍🏻
@OmarJames
@OmarJames 2 жыл бұрын
🤣🤣 we all spoiled with the views on this rock, that’s for sure. Thanks!!
@maxwellmakamu1953
@maxwellmakamu1953 4 күн бұрын
Thats a win bro
@taribowest6000
@taribowest6000 2 жыл бұрын
Excellent video! Well needed.
@OmarJames
@OmarJames 2 жыл бұрын
Thank you!
@RiddyOnline
@RiddyOnline 2 жыл бұрын
sweet pad my guy....ain nothing better than having something that's your own.
@OmarJames
@OmarJames 2 жыл бұрын
Thanks riddy!
@bovinespongiformflu
@bovinespongiformflu 2 жыл бұрын
I'm coming to visit you bro!
@OmarJames
@OmarJames 2 жыл бұрын
Lets gooo
@randylh5112
@randylh5112 Жыл бұрын
Thanks for the advice. May just seek advice from you if I'm successful in making a move to Bermuda.
@papacheezie2838
@papacheezie2838 2 жыл бұрын
GRAND RISING KING 🤴 VERY MUCH INDEED MUCH RESPECT 🙏 CONGREATULATION ON UR BEAUTIFUL 🏡 AND JOURNEY 👁 JUST WATCHING UR KNOWLEDGEBLE VIDEOS GREAT 👍 CONTENTS THANX U FAMILY 👪 ❤️ KNOW THYSELVES 🇧🇲 AND THY CREATOR WITH IN MUCH RESPECT KEEP ON KEEPING IT 💯 REAL FAM. BIG UP URSELVES FROM MENTAL SLAVERY ♥️ 👏 🙌 👌 KNOW THYSELVE MUCH RESPECT 👏 🙏 ASE' ASE '
@coconutjo9780
@coconutjo9780 Жыл бұрын
Great information and video! Beautiful view! Location Location Location
@OmarJames
@OmarJames Жыл бұрын
Thanks!
@talyajohnson7190
@talyajohnson7190 Жыл бұрын
What's a way to find a decent priced apartment? Definitely don't need to live in touristy area or near the beach. Once there's access to public school bus and bus to Front St, I'll be fine. Keep the info coming!
@giadagiaguaro
@giadagiaguaro 9 ай бұрын
Here in Venice downtown, Italy, with 300 thousand Euro, you can only buy a small apartment of 60 meters to restore!!! ubep
@Hathor333
@Hathor333 Жыл бұрын
Ty
@iamGinelMcLarty
@iamGinelMcLarty 2 жыл бұрын
Great video! Very information and entertaining as usual:)
@OmarJames
@OmarJames 2 жыл бұрын
Glad you enjoyed!
@SawounVlogs
@SawounVlogs 2 жыл бұрын
Congrats!!!!! Can I come visit????
@OmarJames
@OmarJames 2 жыл бұрын
Temple crew can visit anytime! 🤣
@dsquared1956
@dsquared1956 10 ай бұрын
As for covid, we now know most people do not die fromCOVID, and those who do actually die frombacterial pneumonia because the virus has made their immune system weak.....keep posting dude...
@mahsmade7666
@mahsmade7666 2 жыл бұрын
Are you allowed to Air BnB it at any point if you’d like to?
@OmarJames
@OmarJames 2 жыл бұрын
Do you mean in regards to government incentives to first time buyers? I dunno! Hopefully someone can answer. They say you have to live in it for a certain amount of time…but i’m not sure if that counts for short term airbnb rentals. Besides, most of the benefits are bogus anyway, like stamp duty relief. I still had to pay the stamp duty then apply for a refund which is taking 2+ years to process right now. Long story short, I’m not sure but i’m gonna do it anyway lol
@andbeaste
@andbeaste 11 күн бұрын
Is a foreigner allowed to purchase something at that price point?
@OmarJames
@OmarJames 11 күн бұрын
Nope. The minimum for foreign ownership is somewhere closer to $1M (can’t remember exactly)
@ptseti
@ptseti Жыл бұрын
So Omar what are the duty fees for importing your furniture and kitchen utensils? Is it cheaper that way or is it 6 of one 1/2 doz of the other?
@OmarJames
@OmarJames Жыл бұрын
Duty on most items is about 20% + shipping fees. I got most of my furniture and other items on island because shipping was a pain during covid. A mix of new and second hand.
@leonman8173
@leonman8173 2 жыл бұрын
Hey Omar! Can foreigners purchase real estate in Bermuda? Cheers
@OmarJames
@OmarJames 2 жыл бұрын
Hi there. Foreigners can purchase property in Bermuda but there are some rules. For example, they can’t buy anything with an Annual Rental Value (ARV) below a certain amount. Not sure what the limit is but a place like mine would be unavailable.
@leonman8173
@leonman8173 2 жыл бұрын
Thanks for your reply! Your place looks lovely, congrats! Cheers
@mohamedabounaser4403
@mohamedabounaser4403 Жыл бұрын
I am Mohamed from Egypt, I am traveling to Bermuda Island, can you help me?
@Blacc-dw6ox
@Blacc-dw6ox 2 жыл бұрын
Hello, are there any units left. I live in Florida, the last 20 years.
@OmarJames
@OmarJames 2 жыл бұрын
Nope
@vandykeebbin4762
@vandykeebbin4762 2 жыл бұрын
Houses in Bermuda do not come with central air correct? I know having an AC is expensive and furniture is ridiculous…
@OmarJames
@OmarJames 2 жыл бұрын
Nope. No central air. Not for the vast majority of residential properties, anyway
@monyelaraby5121
@monyelaraby5121 Жыл бұрын
Is there work Iam speak just arabic
@jackbaron4628
@jackbaron4628 7 ай бұрын
Yes
@monyelaraby5121
@monyelaraby5121 7 ай бұрын
@@jackbaron4628 Please send me your account so I can talk to you
@398jeffersd
@398jeffersd 2 жыл бұрын
Are there association dues or property taxes?
@OmarJames
@OmarJames 2 жыл бұрын
Property taxes yes. Association dues meaning condo fees? If so, also yes!
@monkee3613
@monkee3613 2 жыл бұрын
Compare this to the uk
@OmarJames
@OmarJames 2 жыл бұрын
In what way?
@monkee3613
@monkee3613 2 жыл бұрын
@@OmarJames $300,000 will probs get you the cheapest flat
@OmarJames
@OmarJames 2 жыл бұрын
Which part of uk? That’s a wide, diverse space!
@brucebaner1
@brucebaner1 Жыл бұрын
Did you say you were saving money because your rent is a couple hundred dollars cheaper but you spent 100k for a down payment plus furniture, etc.? I get what you were trying to do but that was not a good deal.
@OmarJames
@OmarJames Жыл бұрын
I said my mortage is cheaper than what I was paying for rent. So monthly expenses were reduced. Not sure what you think i’m trying to do besides buying a condo lol.
@CM_Stylez
@CM_Stylez 2 жыл бұрын
In Bermuda, nobody can see you eat a big mac
@OmarJames
@OmarJames 2 жыл бұрын
Sometimes they can 😅
@keenanwilliams3902
@keenanwilliams3902 2 жыл бұрын
🇧🇲
@Ahuntsicspotter
@Ahuntsicspotter 2 жыл бұрын
The house 🏠 close to the Atlantic ocean but with the global warming it can lose its value.
@OmarJames
@OmarJames 2 жыл бұрын
Whole island in the same boat unfortunately 😂
@Ahuntsicspotter
@Ahuntsicspotter 2 жыл бұрын
@@OmarJames I appreciate if you make a video about global warming consequences in Bermuda.
@OmarJames
@OmarJames 2 жыл бұрын
@@Ahuntsicspotter i’ll see what i can do!
@mattball7074
@mattball7074 Жыл бұрын
😂😂
@gingermarie1760
@gingermarie1760 2 жыл бұрын
God loves you so much that He sent His Holy Son Jesus from heaven to earth, to be born of a virgin, to grow up and die on a cross for our sins, and to be put into a tomb 3 days and rise from the dead the third day, and He (Jesus) went back up to heaven. We must receive Sinless Jesus sincerely to be God's child(John 1:12).After we get saved by grace through faith in Christ, if we truly love the Lord Jesus Christ, then we will obey Jesus(John 14:15). Mark 1:15 "And saying, the time is fulfilled, and the kingdom of God is at hand: Repent ye, and believe the gospel." Jesus said in John 14:15 "If you love Me, keep My commandments. "There's a real hell. It says in Revelation 21:8 "But for the cowardly, & unbelieving, and abominable, and murderers, and immoral persons and sorcerers and idolaters and all liars, their part will be in the lake that burns with fire and brimstone..." Please sincerely receive Holy Jesus and put your true faith and trust in Him today and please repent.
@diazcastro7331
@diazcastro7331 2 жыл бұрын
hello mate i would love to contact u
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