Ideal Homes International is offering a 10 per cent discount on a limited number of Florida Grove Resort condos. Management rents it out when you’re not there to pay off mortgage.
Orlando, FL – By purchasing a Florida Grove Resort condominium, you can take the family to see Disney and use your vacation dollars that would otherwise be spent on hotels to build wealth.
“An investment at the luxurious Grove Resort and Waterpark in Orlando, Florida is already a good deal. It’s even better now with our exclusive offer of an extra 10 per cent discount off a limited number of two or three-bedroom condominiums. Units start at $337,000 before the discount,” said Ideal Homes International President Chris White.
When you’re not there, management will rent it out to pay your mortgage costs with maybe some extra money in your pocket depending on how often you use it. Now, you don’t have to sacrifice your retirement savings for a Florida dream.
It’s a hands-off investment. The management takes care of everything for a cut of the rental income. You don’t have to worry about any bookings, maintenance, insurance or upkeep. If something goes wrong with your unit, it’s all covered and part of the management’s guarantee.
The Grove Resort and Waterpark is near Florida’s Disney, Universal Studios and Sea World theme parks and an hour from the ocean. The resort is on a lake and has plenty of activities for the whole family with two swimming pools, beautiful water park, lazy river, surfing simulator, spa, restaurants and bar.
“The resort is very safe in a gated community. Parents could leave their kids at the waterpark while having a nice meal at one of the four onsite restaurants. There’s nice music playing all the time. There are also watersports, kayaks and paddleboards and you can go fishing with the kids at the lake,” said White.
You can stay and not worry about transportation. The resort is only six miles away from Disney and 30 minutes to Universal theme park with free shuttles. The condominium units also have laundry room facilities and a kitchen so you can cook for yourself and save money.
With the exclusive 10 per cent discount offered by Ideal Homes International, you could buy a $337,000 two-bedroom condominium for $303,300. With at least 40 per cent down or a $122,000 deposit, you carry a $181,300 mortgage at five per cent.
The rentals would probably more than cover your mortgage costs with some extra money in your pocket. Before costs rents are returning about seven per cent a year.
When you purchase a unit, you could use it for two to four weeks a year for yourself, kids, grandkids and have a nice holiday while rentals pay off your mortgage when you’re not there. If you stay for a month during peak times, it will lower your returns compared to someone who never uses it.
At the moment, Florida has a booming real estate market that could continue to grow after the pandemic. If you decide to sell the condominium in five to eight years, it’s likely to increase in value.
“If you decide to sell it for $500,000, it’s possible to make about $206,000. It could be higher if the rentals managed to pay off some of the mortgage. That depends on the rental market and how often and when you use it,” said White.
This a great way to build up your retirement fund, while taking your family on vacation at one of the most luxurious places in Florida.
You don’t have to worry about finding renters. There is lots of demand from tourists wanting to stay at the resort with the 22 million people visiting the area every year. Around Christmas or Easter, the resort is fully booked. Most of the time it’s 75 per cent booked with renters spending about $300 a night.
Condominium ownership in the Grove Resort and Waterpark is also a great opportunity for people in the U.K. thinking about immigrating to Florida for its great year-round weather and lower tax rates.
White will be giving Zoom four-hour presentations of the resort with his staff, management, and a mortgage broker from April 5 – April 9 from 10 a.m. – 10 p.m. EST.
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