Florida Turnkey Investment
Foreclosure property investments ready to earn you rental income from day one. An Investment Opportunity From
About Florida The sunshine state is a worldwide tourist destination and home to some almost 20 million people. Florida is the fourth largest state in the USA with a population of over 19.5 million. It has long been a key destination for investors and tourists, and receives massive immigration. Between 1990 and 2000 Florida’s population grew by 23.5%. It is estimated that 1,000 people move to Florida every day. In 2013, Florida overtook NewYork’s long-standing position to become the third most populous state in the U.S. TD Economics estimates Florida’s population will reach 20 million next year, “an important fundamental for the state’s long-term economic outlook, favouring continued strength in consumer spending and housing demand”.
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Florida is tipped to be one of the Western Hemispheres leading economic regions over the next 20 years and is expected to outpace national average indicators over the next two years. Florida’s economic growth was positive for the third consecutive year in 2012 with 2.4% GDP growth. According to TD Economics forecasts, economic growth in the state will be around 2.4% in 2013, 3.5% in 2014 and 4% in 2015, outstripping national figures of 1.8%, 2.7% and 3.1% respectively. Housing, retail, tourism, and professional and business service sectors are expected to fuel Florida’s economic growth over the coming years.
Walt Disney World, Orlando, Florida.
A typical waterside scenery in Florida.
One of Florida’s 1,250 golf courses.
A number of Fortune 500 companies choose to Disney World, Kennedy Space Centre, Fort locate in Florida from a variety of industries such Lauderdale Beach, Universal Orlando Resort as space and aviation, communications, technology, and the Everglades. The state has almost 1,800 the film industry and pharmaceuticals. The space miles of coastline with 1,200 miles of sandy industry represents US$ 4.1 billion of the state’s beaches. Renowned as a water state, Florida has The Coral won the award for Best Development economy, employing 33,000 people.The Kennedy more than 11,000 miles of rivers, streams and Space Centre employs 13,000 alone. waterways. in Florida Brazilleads by the International Property Awards the southeast in farm income producing 67% of for two consecutive years in 2009 and 2010. all US oranges and providing around 40% of the Florida is home to more golf courses than any other world’s orange juice supply. Services are showing state in America with over 1,250 courses to choose high growth in high-tech industries and financial from. The average annual temperature ranges and back-office operations. from around 27ºC in summer to a respectable 16ºC in winter, providing the ideal conditions to Florida’s economic vision is focused on creating an enjoy all of Florida’s tourist attractions. innovative economy that offers higher-wage jobs in tandem with its established tourism industry. Around 90 million visitors arrive to the sunshine state annually. The large majority are domestic As one of the world’s leading tourist destinations, visitors representing 77.6 million in 2012, with Florida is home to a variety of major tourist 10.4 million international tourists and 3.6 million attractions and natural sceneries such as the Canadians. The tourism industry’s economic Florida Keys, South Beach, Key West, Walt impact on the state is around US$ 67 billion.
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The Investment Opportunity BRIC Group Florida Turnkey Investments offer an opportunity to purchase undervalued foreclosure properties that are instantly cash returning every month from day one. This truly is the ultimate arm-chair investment. The BRIC Group has investigated the potential of the Florida property market in depth, and the management team has travelled across the whole area to find key niche markets. Preferential prices for foreclosure properties have been negotiated with US banks and these savings passed on to investors. Once BRIC Group take ownership of these properties they undertake a complete renovation and see them through full legal inspections to make properties rental market ready. A reputable property management company finds a qualified tenant for each and every property. Only once each property has been fully prepared, inspected, legalised for rental and has, or is in the process of having, a tenant in place does the BRIC Group offer this packaged investment to potential buyers. Investors are then able to enjoy an immediate rental income whilst benefiting from capital growth on their investment. In addition, many condo investments enjoy an exceptional two year rental guarantee.
Investment Level Property prices start from approximately US$ 75,500.
Rental Income Gross monthly rental incomes range from US$ 650 to US$ 1,050 with yields up to 9.79% per annum.
Capital Appreciation Estimates range between 4% and 12% per annum depending on location and property type.
Guarantees Most investment properties come with two years property management fees paid and a one year appliance guarantee. Many condo investments also benefit from an exceptional two year rental guarantee.
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Communal swimming pool and exterior.
Example kitchen.
Example living area.
A Floridian beach.
Investment Scenario This investment scenario offers an example of the potential rental returns that can be earned when purchasing a property from the BRIC Group’s Florida Turnkey Investment. Investment Cost Property price
US$ 79,500
Total Investment Cost US$ 79,500
Annual Rental Income Gross annual rental income US$ 9,000 Property management fees US$ 498 HOA US$ 2,040 Net annual rental income
US$ 6462
Annual Rental Return 8%
This scenario is based upon a two bedroom, two bathroom condominium. All prices quoted are in US dollars. Rental income in this scenario is based on the monthly rent paid out under the two year rental guarantee for the property price used in this example. Closing costs are 2.5%. Additional admin fees will be applicable. Figures contained here are believed to be accurate and representative for this scenario. However, the figures are average estimates and used only to give an example.
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Jacksonville at night.
Strategic Locations Properties are offered in areas where there is an inherent demand for property and a lack of supply.
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Orlando
Jacksonville
Orlando is one of the world’s fastest-growing cities and a major worldwide tourist destination. Located in central Florida, it is renowned for its superb theme parks that includes Walt Disney World, Universal Studios Orlando, Sea World Orlando and Legoland Florida. Golf is also a popular attraction for both residents and holiday makers. Visitor numbers in 2012 reached just over 57 million with nearly 53 million domestic tourists and over 4 million international tourists. Orlando is one of the busiest American cities for conferences and conventions, and has the second largest university campus (in terms of enrolment) in the United States. The Amway Centre is a famous sports and entertainment venue located in downtown Orlando.
Jacksonville is the largest city by population and area in the state of Florida. Home to 850,000 residents, it is situated in Northeast Florida on the St Johns River, 25 miles south of the Georgia state line and 340 miles north of Miami. Jacksonville is a popular location for corporate expansions and relocations due to its convenient location, mild climate, reasonable cost of living, high quality of life and business-friendly government. Many blue-chip and financial corporations are located here as well as a booming healthcare industry and several military facilities. Jacksonville has the third largest military presence in the country. Other attractions are its miles of beaches and waterways, and that it is home to the largest urban park system in the country.
Bahia Honda, Florida State Park.
Tampa
approximately 35 miles north west of Tampa. The Pithlachascotee River runs through the heart of the city giving it a relaxing riverside landscape with a small town feel. The city is most recognised for this unique waterfront environment and the numerous festivals and special events it holds throughout the year. As part of the Tampa area it is a popular tourist destination.
The city of Tampa is the third most populous city in Florida situated on its west coast.Tampa offers picturesque sceneries, 361 days of sunshine per year and is home to some of the best beaches in the world comprising 1,260 miles of coastline and 825 miles of beach. It is located around 200 miles northwest of Miami and 180 miles south west of Jacksonville. Tampa’s economy is founded on diverse industries that includes tourism, Deltona agriculture, construction, finance, health care, technology and the Port of Tampa. Deltona is a city located half way between Orlando and Daytona Beach, in the county of Volusia. It lies on the northern shore of Lake Monroe along the New Port Richey St. Johns River. Deltona has a population of over New Port Richey is found in west-central Pasco 85,000, a cost of living 14.7% below the national County, situated along the Gulf of Mexico average and is home to 100 lakes within its city limits.
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Resorts & Real Estate The BRIC Group distressed property portfolio includes condos in gated communities, townhouses and single family homes. Condo communities typically have additional amenities such as communal swimming pools, sports facilities and designated parking. Properties are chosen in areas with existing high demand. Potential tenants are typically looking for properties that are within a short drive to city centres and major employment hubs, close to schools and hospitals, and within close proximity to key attractions such as theme parks and Florida’s stunning beaches. Two examples of the types of communities where we offer properties are in Jacksonville and Orlando.
next door to the resort.This is an exquisite course adorned by towering Oaks and shimmering lakes. The surrounding area offers an elementary, middle and high school, a library, village centre, church, retail shopping and a national park.
Orlando Community
This community is conveniently located near to Orlando’s downtown and theme park districts. The community is an ideal place to have an investment or holiday home being so conveniently located to all the major services and amenities of Orlando. It has a total of 544 units with a mixture Jacksonville Community of one and two bedroom units.This community One of the communities is located in the was built in 1990 and was entirely renovated and picturesque setting of Clay County, Orange modernised in 2004/2005. Park in Jacksonville. Properties in this gated The resort is a natural paradise within minutes to community are highly sought after as it offers a all that Orlando’s city has to offer. Residents enjoy very high living standard at an affordable price. lake views, lush landscaping, refreshing pools and an array of onsite amenities that includes two This condo community is built in one of the most heated swimming pools with spas, fitness centre beautiful, newly master-planned communities in and racquetball courts located in the clubhouse, the Jacksonville area. Set on 6,400 acres just two tennis courts, a beach park by the lake and a southwest of Jacksonville and adjacent to a lakeside summer kitchen. 20,000 acre state forest, this community is a popular place to live. This is a superb condo community built in one of the most beautiful, newly master-planned The resort offers superb onsite facilities for communities in the Orlando Metrowest area. residents. It has two multi-million dollar athletic Properties here receive huge demand. It is fast centres with 50 acres of recreation area, and becoming a popular place to live with overseas expansive water parks including slide towers, investors from all over the world. spraygrounds, lagoon pools and a lap pool. The centres also provide an exclusive clubhouse, The surrounding area offers an elementary, middle fitness centre, soccer & baseball fields, basketball and high school, universities, close proximity to & tennis courts and playgrounds. Golfers can enjoy the airport and hospitals, retail shopping and a round at the Eagle Landing golf course situated local theme parks.
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The Orlando Community
One of the clubhouses at the Orlando community.
Aerial view over the Jacksonville community..
The Exit Market Owning a home in Florida is a dream for many both in the United States and internationally, investors and families alike. The property market in Florida was hit hard by the 2008 recession and in 2012 it registered the highest foreclosure activity in the United States. Foreclosure filings increased by 20% from January 2012 to January 2013. Despite this growing stock of foreclosed property, banks continue to put inflated prices on their housing stock making it inaccessible to the growing number of buyers on the market.
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Sunrise over South Beach in Miami, Florida.
The high level of foreclosure activity means a large number of families are now looking to the rental market or to buy more affordable homes. There is also growing demand from the rising number of tourists and the continuing influx of new residents moving to the area. Florida’s population continues to grow, jobs are being created, unemployment is falling and salaries are rising. Personal incomes grew in Florida by 3.2% in 2012 and they are expected to exceed US averages. There is therefore, strong demand for rental accommodation and homes to buy. Such demand is driving a rebound in the market with solid signs of recovery. Home sales were up by 10% in August 2013 when compared to the previous year. In addition, average house prices are increasing with prices for singlefamily homes and condominiums rising the most.The real estate market is expected to carry on strong growth witnessed in 2013 into 2014 as the high demand for property continues.
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Pool and communal area in the Orlando community.
Water park at the Jacksonville community.
Orlando at night.
Aerial view of the Orlando community.
Building exteriors at the Jacksonville community.
The BRIC Group Going one step further to deliver you more value. The BRIC Group is a privately-owned group of companies offering transparent, asset-backed investments in the world’s best performing markets. We aim to build value in everything that we do, creating complete investment products that are simple, offer sustainable returns and enable investors to reach their own wealth aspirations. The BRIC Group is unique in that it owns almost every investment product it offers to investors. We invest our own money first and add value by upgrading and creating a complete investment package before presenting them to investors. We rarely market assets that are not owned by the BRIC Group, and when we do they have been subjected to the same rigorous investigation as if we were buying them ourselves. Our investments include a diverse mix of real estate investment options from offplan purchases in luxury resort developments to complete arm-chair investments ready to start earning you an income from day one.The group is developing its own master-planned beachfront resort in Brazil, The Coral, which was awarded the Best Development in Brazil for two years running.
Central Sales Office: (+34) 952-810-711
Freephone UK: 0203-399-9439
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(+34) 952-810-711 (+1) 813 315-3885
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www.bric-investment.com
Freephone USA: (+1) 321-247-6897
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DISCLAIMER: The information provided is solely for informational purposes and does not constitute an offer by BRIC Group, to sell, rent or lease real estate. BRIC Group. disclaims any warranties or representations concerning the information contained herein. BRIC Group does not guarantee the accuracy of the information contained herein and instructs you to independently verify the accuracy of the information provided. All intellectual property rights are retained by their owners.
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