BMV Buy-to-Let Properties for Sale in Orlando, Florida

Palmas Altas Buy-to-Let Investment in Orlando

Property prices in Florida have now reached rock-bottom. Mortgages are not available and cash buyers are cashing in on some of the best investment opportunities ever seen in the USA. Many are buying homes which are not tenanted and don’t hold much hope of being tenanted in the next 10 years, but represent a good long-term investment. Property Prophets, as part of the BMV Florida Property Network go one step further and are offering fully tenanted units, giving the investor huge returns immediately. In fact, if you reserved a property now, you could complete within 14 days and receive your first rental cheque by the end of February!

Due to the success of Venetian Place in Orlando, we are now offering another project by the same developer, Palmas Altas. This completed residential resort houses many high quality tenants. A recent survey showed that most tenants work at their the airport as pilots, flight attendants, security or technical staff, or at one of the local Disney parks.

Two Bedroom, Two Bathroom Luxury Apartments are available from just $54,778 (approx. £33,600), with net yields up to 12%. Those who are first to buy will be able to choose and take advantage of the highest yielding apartments.

Out of all of the properties available in Florida at the moment, we believe this to be the best “Below Market Value” offering with prices 72% below what they were selling at last year. But the most important factor here is that these properties are in huge demand and the on site management company has a waiting list of tenants in this resort. These properties will not only grow hugely in value, but will also give you a regular long-term and immediate return on your money.

Internal Features

• Ceramic Tile Kitchens and Foyers
• Gourmet Kitchen with Open Serving Bar
• Stainless Steel Appliances
• Full Size Washers and Dryers
• Private Terraces and Balconies
• Walk-in Closets in each Bedroom
• Formal Dining Rooms

PRICING AND RENTALS

Due to the buying power of our network these prices cannot be achieved on an individual basis. We have secured all 65 units currently available and are now offering these to our pre registered investor clients.

For just a reservation fee of £2,000 ($3,280) on top of the price, plus reduced closing costs of only $1,800, you could own one of these money making properties. There are no hidden costs and you will receive full legal advice from a leading US law firm.

Palmas Altas is strategically situated close to Orlando International Airport and the Disney Theme Parks in a popular residential area of Orlando. It is set amongst lush tropical gardens with its own clubhouse and outdoor swimming pool. This gated complex has manned security and full time gardeners and maintenance staff.

The apartment interiors are finished to a high standard and have recently been refurbished with modern kitchens and bathrooms and luxury fixtures and fittings. Some apartments come with their own gardens.

We provide a professional end-to-end service when buying property in Florida. There is no need for you to travel there to sign paperwork, we can handle everything for you through some of the most reputable professionals in the business. Your money will be handled through an Escrow account so the purchase is 100% secure..

We have a full inventory list which is available upon request which details the actual occupancy details and prices giving an overall net yield. For further details on the specific unit types and floor plans, please contact us.

Location

Orlando, Florida, USA

Construction Schedule

This is a completed property, ready to rent or move in. Upon title transfer, any existing tenancy agreements will be transferred to the name of the buyer and managed as normal by the on-site property management company.

Facilities And Maintenance

Community Features

• Lush Tropical Landscaping
• Cable Service Included
• Resort-Style Swimming Pool with Tanning Deck
• Cabana Clubhouse
• Playground & Recreational Park
• BBQ and Picnic Area
• Valet Service

Maintenance Fees (HOA) vary depending on the property type and range from $132 to $142 per month.

Payment Terms

The procedure is as follows:

• Reservation form filled in
• £2,000 Reservation Fee paid
• LOI form filled in and sent to the Escrow Lawyer
• 30% Deposit sent to the Lawyers Escrow account
• Contract sent to the buyer, signed and returned
• 14 day “Cooling-Off” period as required by Florida Law
• 70% + $1,800 closing costs final payment sent to the Lawyers Escrow account
• Title is transferred and the deeds are sent to the buyer

Property Management

The developer already manages the long term tenants and properties in all of their developments. Their office base is across the road from Palmas Altas and all of the properties are managed to a very high standard

Tenants are already in place, and when new tenants are found, to replace the existing tenants, they take one months rent from the tenant as a management fee.

About the Immediate Vicinity

Airports:
Orlando International Airport - 2 minutes drive.
Orlando Executive Airport - 3 minutes drive.

Uni’s:
Full Sail University – 5 minutes drive.
University of Central Florida (UCF) – 8 minutes drive.

Tourism:
Sea World – 4 minutes drive.
McCoy Air Force Base - 5 minutes drive.
Water Mania – 5 minutes drive.
Universal Studios – 7 minutes drive.
Gatorland – 9 minutes drive.
MGM Studios – 12 minutes drive.
Magic Kingdom – 13 minutes drive.
Animal Kingdom – 15 minutes drive.
Disney World – 15 minutes drive.
Kennedy Space Centre – 25 minutes drive.

Stadiums:
UCF Arena - 10 minutes drive.
Citrus Bowl - 7 minutes drive.

WHY INVEST IN FLORIDA?

Fact: There is nowhere else in the world where you can buy a luxury tenanted property at less then the build cost.
Fact: In certain areas of Florida, namely Orlando, we give you the opportunity to buy a property at lower than the prices in the 1970’s. In our opinion, there is no better place in the world to buy equity in the current climate.
Fact: Housing prices in Greater Orlando went up 34% in one year, from an average of $182,000 in August 2004 to $245,000 in August 2005, and eventually to a record $255,000 in February 2007. The average price then fell to $211,000 in April 2008. Even if the expertsare correct and prices have lost a further 50% in 2009in the most affected communities, the average house price today would be $105,000 which is still $35,000 more than our most expensive three bed two bath luxury tenanted property.
Fact: In Orlando, we can walk you into an investment property that is generating more than twice the amount of interest that you are currently receiving from you cash in the bank, with guaranteed equity and a five year exit strategy from day one.
Fact: Out of the 80 Million retiring baby boomers in the US, 42% plan on retiring in the South East with Florida being the number one destination which will create a surge in property prices due to the increased demand.
Fact: There is a huge demand for affordable housing in the state of Florida, however, a lack in lending has created a surge in rentals and a decline in home sales which is why we can offer you the opportunity to take advantage NOW before the market changes and your tenants start buying again and what better place to buy than the property they have been living in for the past three years! (Remember, unlike the UK, properties are mainly rented unfurnished and tenants see your property as their home and not just a house that they’ve rented!)
Fact: Most of the properties that we are selling in Orlando are FHA approved offering you a guaranteed exit strategy after only three years. To find out more about FHA call 08456 21 33 33 or click here http://www.hud.gov/buying/loans.cfm
Fact: We only sell tenanted properties that are let to young professionals and blue collar workers on long AST’s who live and work in Orlando. Orlando has one of the strongest economies in Florida; Metro Orlando has a rapidly growing $13.4 billion technology industry employing 53,000 people, and is a nationally recognised cluster of innovation in digital media, agritechnology, aviation, aerospace, and software. More than 150 international companies, representing approximately 20 countries, have facilities in Metro Orlando. A vital part of the Orlando area economy is involved in the tourist industry, with the city being known for its wide range of its attractions including Walt Disney World Resort, Universal Orlando Resort, and Sea World Orlando. Over 50 million visitors came to the Orlando region every year. The convention industry is also critical to the region’s economy. All of this gives great comfort to the ongoing safety of your investment.

All in all Orlando certainly ticks all of the boxes for a safe, high yielding investment opportunity with a clear exit strategy.