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Florida PreConstruction Duplex Investment Homes
Low-No Down Payment – Only $5,000.00 required
Instant Equity – Buy at a Discount
(+) Cash Flow - Flexible Investor Terms
You keep 100% of the equity - NO EQUITY SPLIT
Why Florida?
- 300 days of sunshine a year
- Annual Average temperature of (70 degrees F) 21 C
- 1,200 to 1,800 miles of coast line (some of the best in the world)
- No place in the state is any further than 60 miles from the coast.
- Baby Boomers Retireing: 42% of this 80 million in number plan on retiring in the South East sector of the US.
- No State income tax
Florida Ranks #1 (Triple Crown)
Job Growth - Population Growth - Tourism Appeal
Project Summary: Affordable Housing Duplex
Although the affordable housing problem is significant, it also creates an excellent investment opportunity to enter the market during the front end of an affordable housing growth cycle. Over the last few years, many investors have made significant returns in the market by investing in up-scale housing. Today, up-scale housing has reached a temporary saturation point as current upscale housing inventory has surpassed the current demand. On the other hand, the demand for affordable housing is far greater than the supply, and creates a new opportunity to invest in one of the hottest real estate markets in the United States.
Our group has created a business model that helps address the affordable housing issue while also providing a significant investment opportunity to qualified investors. Duplexes are two units, each approximately 1050 square feet with each unit having 2 bedrooms, den, 2 bathrooms and a 1-car garage. Currently the all-in cost of the duplex project is approximately $277,000. The cost includes the land, building, and site improvements, closing cost and interest during construction. The current market price of the duplex today is around $320,000, thus providing the investor with built in profit before construction begins. Upon completion of the duplex the investor could;
1) Sell the duplex and realize the short term gain or
2) Keep the duplex and rent it for the one-year period following construction, thus qualifying for capital gains. Currently market rental rates on duplexes are $900 - $1100 per side per month or $1800 - $2200 in total per month.
Added Bonus: In addition to the above, our group is working with local governments to allow for the duplex unit to be legally split and each unit sold separately. When completed the investor may be able to sell each unit for $185,000 per side or $370,000 in total, thus providing for greater investment returns. We believe the $185,000 cost per unit is one of the lowest entry points for affordable housing in SW Florida and assists local governments in resolving one of SW Florida’s most important issues.
Why Affordable Housing?
Affordable housing has become one of the most important issues affecting the growth in the Florida market. This area has been ignored by builders and developers over the last few years as builders concentrated on up-scale housing during the recent housing boom period. With the significant growth in Florida and with affordable housing construction not keeping pace, the problem has escalated to the point of jeopardizing future growth. Today, there is a significant shortage of both public and private sector employees such as teachers, nurses, firefighters, policemen and service workers. One of the major reasons for the shortage of employees is the lack of affordable housing. Although this problem is significant, it also presents a great opportunity to invest during the front end of an affordable housing growth cycle that could last 5 to 7 years. Our group has assembled several opportunities for investing in the affordable housing market, each of which provides for attractive financial returns, with some having positive cash flow in the year following construction. Overall, we believe the investment in affordable housing is an attractive option for investors interested in diversifying their portfolio.
Project Location: Lehigh Acres - Ft. Myers Metro Map - Lee County Florida
Lehigh Acres is conveniently located off I-75 between Ft. Myers and Naples.
Lehigh Acres - tucked away from the bustle of large cities, is a peaceful and affordable alternative to the more well-known Florida destinations. Originally developed by the Lehigh Corp in the 1960's, it is now rapidly growing into an affordable niche aloof from the crowded streets, strip malls and exhausting, fast pace of many other areas of the county. Lehigh Acres gives you the pleasures of quiet Florida countryside with activities and attractions for all to enjoy.
In the 100 square miles of Lehigh Acres, you will easily be entertained by the 175 miles of freshwater canals, 16 stocked lakes that will delight any fisherman, numerous Florida-style championship golf courses, tennis, horseback riding, and 15 miles of hiking and biking trails. Only a few minutes from nearby Fort Myers, you have quick access to the classic Southwest Florida luxuries, such as the many breathtaking beaches, museums, the arts in all its forms, shopping, dining and more. The tremendous amount of affordable and buildable lots throughout Lehigh Acres provides prime opportunity for settling down for the young and old alike. Lehigh Acres is a serene and distinct community with a lot to offer. Residents and visitors can enjoy the beauty, peacefulness and opportunity that await them.
Key Market Condition Facts
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The S.W. Florida real estate market has seen significant growth in housing starts over the last four years, due to the influx of second home buyers and retiring baby boomers.
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Property values in Lee and Collier counties have increased significantly over the last three years.
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Large investors have focused on Florida growth and have invested significant capital in the Florida real estate market.
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Due to the significant expansion of the Florida market, the unemployment rate has dropped to 2.2 percent and all employers, public and private, are having difficulty in hiring workers to support this growth.
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Initially the S.W. Florida real estate investment opportunities focused on high end housing, but today have changed to a more affordable housing in response to the great demand from the working middle class community.
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Many government officials believe that the affordable housing problem may be the number one problem affecting future growth.
Why Buy a Florida PreConstruction Duplex Investment?
It's really quite simple, the finished Duplex's market value is worth more than the land home-site and the construction cost to build the duplex. New construction homes are needed at affordable prices to meet the enormous current and future demands. You will have at least 10% instant equity even before construction begins on your new duplex. Then, another 10 to 12 months of appreciation for further equity gains during the build-out phase. No mortgage payments are required during construction period and only $5,000 out of pocket is required.
The earlier you invest the lower the prices and the larger the profits. Demand for preconstruction investment duplexes is huge and expanding. A lot of market research and preparation has taken place behind the scenes to perfect this turn-key investor program. All the necessary resources are in place for you to benefit from leverage and maximize profits on your investment dollars.
The Lender: Investor Qualification Guidelines
We have teamed up with an experienced financial group, who are pioneers and innovators in construction lending market, which has done nearly $1,000,000,000.00 in loan funded in 2005. Their new, stream-lined investor construction program for seasoned real estate investors offers the following:
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Minimal out-of-pocket expense ($5,000.00 on a $277K Duplex)
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Only $20,000.00 verfied assets needed
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Lending focus on Florida’s fastest growing residential markets
Construction to Permanent Loan; a Construction loan will be used to finance the purchase of your building lot, home construction, construction financing, along with closing costs to establish your final permanent mortgage. Zero payments are required during construction. Once the construction of your home is complete and the home is delivered, your loan will modify from a construction loan to a permanent mortgage loan. The entire process will be one seamless transaction.
The Builder will take draws against the construction money at various stages of completion. The money is held securely in escrow the entire time to ensure the builder is not paid until predetermined stages are both completed and inspected.
The Builder: We have teamed up with a strong local builder, who is a leader in providing a quality construction product, innovative designs, dynamic customer service all at a superior value for investor clients.
The Duplexes:
There are 2 models to choose from: Click below to view Floor Plans
Cost - Payment - Profit Scenarios
You keep 100% of the equity - NO EQUITY SPLIT
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SW Florida Affordable Housing - Single Family Homes
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Summary of the Program:
- Pre-Qualification <<<Complete form and fax back to us at 407-349-5008
- Once Approved - 2 checks will need to be written $3,000 in Total; Lot Contract Deposit $1,000.00,Duplex Building deposit $2,000.00.
- Lot & Duplex Model will be selected. A lot contract will be sent for your review and signatures. (We will assist you on selecting a model home. Once received we will have the builder contract and loan documents sent via FedEx for signatures and required documentation.
- Then $2,000.00 will be due at closing. That makes a total of $5,000.00 cash out-of- pocket needed for this investment. Construction loans, typically will close in 30 – 45 days, no additional cash is needed for closing and zero payments during construction.
At completion (10 to 12 Months), you can sell your home and harvest the built up equity - appreciation or rent it out for cash flow. For those who plan to sell, it can be marketed 3 months prior to completion.
Notice: As a result of our large sales volume and strong established relationships, we have access to the very best opportunities. If you are offered a similar program from one of our competitors, odds are it's the same Lots - Homesites we passed on for our investor clients.
Southwest Florida PreConstruction Investment Duplex - Florida investment properties and new duplex for sale. Offering preconstruction real estate including investment home sales, properties for sale, new builder houses and property investments in and near Cape Coral, Lehigh Acres, Ft Myers, SW FL and Southwest Fla.
Florida PreConstruction Investment Homes -Only $4,000.00 Required
Act Quickly! There is limited availability of lots for this investor program.
It’s just that simple!
Take the First Step >Get PreQualified
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