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Discounted Property, Florida

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All reports indicate and predict that the next 12-18 months will provide an unprecedented opportunity to buy top quality, readily rentable, property in the USA at prices that would have seemed unthinkable even just a couple of years ago. Any investors keen about buying in the US, should take a serious look at the high yielding property we at Think 2 Invest currently have on offer in and around Florida.

Investment Outline

The USA is often featured in the top three destinations for property investors mainly due to its size and the wealth of opportunities it offers investors. From beaches to ski resorts, to exciting cities and theme parks to golf paradises, the country has this and much more to offer overseas property buyers.

With a lot of the overseas property markets recovering slowly from the economic down turn, Florida is one such area which is already beginning to be a hotspot for canny investors.

According to a latest report by the Orlando Regional Realtor Association, existing property prices increased by 7.1% in February - the biggest one-month gain in more than 6 years. The average price paid was $109,200, up from $102,000 the month before but down by more than 26% from a year earlier. Once again in April of this year, prices increased further, with the average home costing $115,000.

However, if you are concerned that you may have missed the boat, the average price of property in Orlando in April 2009, was $130,000 so there is some way to go. But you’d better be quick. The area’s pending sales statistic — also an indicator of future sales activity – is at a record high with 86.18% more homes (10,832) under contract and awaiting closing in April of this year than in April of last year (5,818).

Add this to attractions like Universal Studios and Disney World; UK investors can see why Florida is proving to be rich pickings!

With the above in mind, we at Think 2 Invest have teamed up with a reputable partner in the US to supply our UK investors, fantastic homes in Florida well below construction costs.

With these great discounted prices, some as low as 2005, investors can get so much more for their money in Florida than in Europe. The range of properties we currently have available varies greatly from spacious high specification units to spectacular golf communities – all offering high future capital growth. Most of the property on offer has excellent transportation links and gives you the investor links to the ever popular Florida lifestyle including sunshine, beaches, golf, cruises, and theme parks, shopping and dining.

As most of the properties we are offering are not in specified zoned areas (specific zoning is required for short term rental), they prove ideal for long term rentals and create an ideal investment product.

If you decide to purchase one of our investment properties in Florida at knock down prices, we immediately instruct our rental contacts in the area to find suitable tenants if they are not already in place. Although, the rental company will charge a10% fee of the rental value as a fee, we firmly believe that this is a small price to pay for a property that is 40 -50% below market value plus with a rental income that covers the monthly maintenance and associated costs.

The Deal

  • A wide range of apartments, duplexes, town houses and villas available
  • Properties 50% below current market values.
  • Condos from as little as £30 - £40,000.
  • High Rental Yields (with immediate long term tenants).
  • Real capital gain opportunities.
  • Medical City is providing 25,000 new residents.
  • Most properties situated around Disney World Orlando.
  • Florida attracts 50 Million Visitors a year.
  • USA in top 3 destinations for UK buyers.

All the properties we offer are situated in and around Florida. Florida has for a long time been one of the most popular second home locations with Brits, but there is also a significant second home market there for US residents.  Buyers are now seeing their opportunity to buy a bargain property of their dreams, and that is helping to stabilize the market.

However, more fundamentally, demand for property in Florida has historically been strong and it reports estimate that on average around 1,000 people a day relocate to Florida permanently from within the USA.  We anticipate this trend will continue long term.  For example, it is predicted that Medical City, which is being developed on the outskirts of Orlando, will provide 10,000 on site jobs and result in 25, 000 new residents moving into the area.

In addition, of course, Orlando is one of the world’s top tourist destinations with Disney and may other top attractions bringing in 50 million visitors a year. Overall, we expect this inherent demand for Florida property to assist with a long-term recovery in prices.

Properties

At the moment, the main types of properties are condos and houses, which are all being refurbished and sold through Think 2 Invest. However, occasionally we do have Villas that become available.

Our Investment Criteria

Our partners are specialist in finding top quality investment property for investors in the USA.  Because they know the Florida market inside out, they know where to find the best properties at the best prices.

The Think 2 Invest brief to our partners is to find good quality properties that provide good rental returns and excellent prospects of long-term capital growth. We are only offering properties that match these strict investment criteria:

They must be available at a price which means our buyers can purchase them at a genuine discount to the true open market value, and so enjoy instant equity:

  • They must be suitable for letting to local people as long term investments at an excellent rent
  • They must be in good quality locations where properties are readily lettable
  • They must be good quality properties in good quality locations where there are excellent prospects of capital growth when the market recovers
  • They must be at a price which means an investor will receive an excellent return on the rent

So if you've been thinking of buying a holiday home in the USA or would just like more return for your money as well as enjoy the Florida sunshine, contact us today to see how we can help make your dream come true.

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