Here is an opportunity to invest in Florida's fastest growing markets. You will enjoy 10% instant equity from day one, plus the appreciation gained during the construction build-out period of approximately 10 to 12 months. No additional cash is needed for closing and zero payments during construction.
Upon completion of your new home, you can sell it and harvest the built up equity & appreciation, or you can rent it out for a continuous cash flow. For those who plan to sell, your home can be marketed up to 3 months prior to its completion.
- Low Down Payment - Only $5,000 required
- No payments during the construction phase
- 10% Instant Equity
- Purchase at a discount
- Flexible investor terms
The Location - Royal Highlands / Spring Hill which is one of the fastest growing communities in one of fastest growing counties in the nation. Royal Highlands/Spring Hill is a prosperous, family oriented community located along Florida's Nature Coast in Hernando County, and was planned to be the county's largest residential development when it was founded in 1967. With a current population of approximately 152,000, it is projected to grow to more than 200,000 over the next couple of years. While the county has had its share of difficulties accommodating the influx of northern transplants in the unincorporated community, Royal Highlands/Spring Hill's birth brought modernization of health care, education, transportation, commerce, fire protection and law enforcement. The community features a wide diversity of cultural events including local theater, art shows, an orchestra and fine cuisine.
Hernando County is located approximately 35 miles north of downtown Tampa, stretching 35 miles east to west and 18 miles north to south. Bordered on the west by the Gulf of Mexico, Hernando County is considered the Northern Gateway to Tampa Bay and is even more convenient to Tampa, Clearwater, and St. Petersburg with the completion of the Suncoast Parkway, a 42 mile limited access, north to south toll road.
The Lender - We have teamed up with an experienced financial group, who are pioneers and innovators in the construction lending market, and have funded nearly $1,000,000,000.00 in loans in 2005. Their new, stream-lined investor construction program for seasoned real estate investors offers the following:
- No income verification - 680 FICO Required
- Minimal out-of-pocket expense ($5,000.00 on a $200K Home)
- Lending focus on Florida's fastest growing residential markets
The Process - Once you are pre-qualified we will help you select the perfect lot and model home (4 models are available to chose from) for your investment. After we have made the selection, various checks will need to be written to cover the contract deposit ($500.00), building deposit ($1,000), appraisal ($400) and the land survey ($225). We will then need to receive the additional $3,500 at closing making the total investment for this opportunity between $5,000 and $6,000.
Upon completion of the home, which normally takes between 10 to 12 months, you are free to sell the home and harvest the built up equity, or rent it out for cash flow. For those investors that plan to sell, the home can be marketed 3 months prior to completion.
Find out more by visiting the Florida Preconstruction Homes Page.
Florida Preconstruction Homes - Hernando County, Florida
(Click to learn more)
Florida is on Fire!
Florida growth rate is constantly ranked in the top 3 for the entire United States! Florida also ranks 4th in population with approximately 18 million, and with its current growth rate will soon be 3rd.
So why is Florida so Hot?
300 days of sunshine a year!
Annual Average temperature of
(70 degrees F) 21C
1,200 to 1,800 miles of coast line (some of the best in the world)
Baby Boomers Retiring: 42% of the 80 million Baby Boomers plan on retiring in the South East Sector of the US.
No State income tax