Florida Turnkey Investment
Turnkey, buy-to-let properties that earn you rental income from day one of your investment. With tenants already in place and a professional property management team looking after your asset and interests, this is truly the ultimate arm-chair investment. There is also an exceptional two-year rental guarantee offered on most units.
- Properties from US$102,000
- Rental yields between 5-9% p.a.
- Rental guarantees on most units
- Tenants in place paying rent
- Full property management
- Management fees paid for two years
- One-year appliance guarantee
- 100% Freehold title
All properties have been purchased by BRIC Group and fully renovated to be entirely rent ready. Our portfolio includes condos in gated communities, townhouses and single-family homes. The majority of properties are in resort communities that typically offer a range of onsite amenities and facilities to residents. Such facilities may include:
- Club house
- Swimming pools
- Sports facilities
- Fitness centre
- Children’s playground
- Natural sceneries/Trails
- Designated parking
- Golf facilities
Florida is the third largest state in the USA with a population of 20.98 million. It’s one of the best performing states in terms of GDP growth (3.8% is forecast for 2018) and job creation (2.8% in 2018). This together with its booming tourism and favourable tax rates make it a popular destination for businesses, relocators and tourists.
Florida does not levy state income tax and is one of the country’s most business-friendly states for business. Chief Executive Magazine ranked it second in the country in 2018 for the fourth year in a row. A number of Fortune 500 companies choose to locate in Florida from a variety of industries including space and aviation, communications, technology, the film industry and pharmaceuticals.
As one of the world’s leading tourist destinations, Florida is home to a variety of major tourist attractions and natural sceneries such as the Florida Keys, South Beach, Key West, Walt Disney World, Kennedy Space Centre, Fort Lauderdale Beach, Universal Orlando Resort and the Everglades. The state has seen 7 consecutive record years for tourism and 2018 looks set to follow the same pattern. The 33.2 million visitors in Q1 were the highest ever for the first three month of the year and a 7.4% increase on the same period in 2017.
Orlando, located in central Florida, is one of the world’s fastest-growing cities and a major worldwide tourist destination. The city is the second-fastest growing in the state with a 3.2% rise in inhabitants predicted for 2018 and a population of 2.8 million forecast for 2023. Orlando creates around 1,000 new jobs every week and has one of the lowest unemployment rates in the country (3.6% in July). Job opportunities abound not just in the buoyant tourist industry but in the white-collar sector.
Ranking as the most popular holiday destination in the US (domestic visitor figures rose by 8.3% in Q1 2018), Orlando is renowned globally for its superb theme parks that include Walt Disney World, Universal Studios Orlando, Sea World Orlando and Legoland Florida. Orlando is also 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.
Demand is strong for properties that are within a short drive to Orlando city centre, major employment centres, schools, hospitals and key tourist destinations and theme parks. Popular areas tend to be along the I-4 corridor where there is easy access to main roads and public transport.
Situated on the west coast of Florida, Tampa Bay is the third most populous metro area in the state. Its population is predicted to rise to 3.3 million by 2023. The area’s economy is one of the most buoyant in Florida and job creation is the highest in the state (and one of the highest in the country). Tampa’s economy is founded on diverse industries that includes tourism, agriculture, construction, finance, health care, technology and the Port of Tampa. Unemployment is low (3.8% in July 2018).
Cushman & Wakefield describe Tampa Bay as “a powerhouse within Florida” with a “live, work, play environment and a business-friendly market that draws people and companies in from across the country”. Tampa isn’t just about business; tourism is an increasingly important industry too. Offering picturesque sceneries and 361 days of sunshine per year, the area is home to some of the top beaches in the world comprising 1,260 miles of coastline and 825 miles of beach.
Areas within a short drive to Tampa city are in high demand as well as those close to Tampa’s stunning beaches, key employment centres, schools and hospitals. Popular areas that offer easy access to main roads and public transport are along the I-4 and I-75.
Jacksonville is the largest city by population and area in the state of Florida. Home to 880,000 residents, it too has a growing population with a rise of 1.6 million expected by 2023.
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. Employment creation in the city is among one of the highest rates in the country and unemployment is low (3.8% in July 2018).
Jacksonville is situated in Northeast Florida on the St Johns River and known for its beaches and waterways. It is also home to the largest urban park system in the US. Demand is strong in areas within a short commuting distance to the city centre, employment centres, schools and hospitals, as well as key tourist attractions and beaches. Locations along the I-95 have easy access to key road networks and public transport.
Florida is one of the fastest growing states in the US. The state economy has grown by 37% since 2010 and is expected to see 3.8% growth in 2018 and 4.3% in 2019. Both figures are 0.7% ahead of those predicted for the US as a whole (figures from the Florida & Metro Forecast).
Booming Job Creation
Florida is one of the best states in the US for job creation. According to state figures, 211,400 jobs were created in the year to July 2018. Florida had a job creation rate of 2.8% in 2018, 0.9% more than the US as a whole, with a high percentage in the high-skill, high-salary STEM (science, technology, engineering, maths) sector. Tampa, Orlando and Jacksonville are all stand-out hotspots for job creation.
Strong Property Market
Solid economic growth coupled with strong job creation has led to unprecedented demand for property, both to buy and to rent. In September 2018, Florida’s property market registered the 81st consecutive month of house price rises, with single family homes up 4.9% in value and townhouse-condo properties up 5.5% year-on-year.
Florida is consistently the top state for foreign investment in property (19% of investors buy in the state) as well as one of the best in the country for buy-to-let investment. In August 2018, Forbes ranked Orlando one of the best buy-to-let investment destinations in Florida. “In terms of both employment and population growth, Orlando really outshines,” said the article and highlighted the exceptional rental yields.
Jacksonville was ranked second with its rental yields described as, “among the highest in the country”. Tampa came in third place, “easily one of Florida’s best markets to buy and own rental property,” because of high demand and affordable property.