Florida Investment & Tourism
Key Investment Destination & World Class Tourism Destination
Florida is the fourth largest state in the USA with a population just under 20 million. The state has long been a key destination for investors and tourists alike. 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.
Number One State for Foreclosure Activity
The state of Florida registered the highest foreclosure activity in the United States during 2012. Florida’s 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 in the market.
Florida Property Market Rebounding
Growing Home Sales, Rising Property Prices & Strong Rental Demand
Florida’s property market is showing solid signs of recovery with home sales up by 11.1% in the year to August 2014. Average house prices are increasing with prices for single-family homes and condominiums rising most. The high level of foreclosure activity means that many families and individuals are now looking to the rental market for their homes. This is further exacerbated by a tight inventory of affordable property for sale.
This opportunity enables investors to purchase foreclosure properties that are instantly cash returning every month from day one. This truly is the ultimate arm-chair investment.
BRIC Group has investigated the potential of the Florida property market, its management team, has travelled across the entire region to find key niche markets and preferential prices have been negotiated with US banks on these foreclosure properties.
Properties purchased by BRIC Group have undergone a complete renovation, have been taken through full inspections and made rent ready. A qualified tenant is either already in place or the property management company is sourcing one.
Investors are able to enjoy an immediate rental income whilst benefiting from strong capital growth on their investment.
Exceptional two-year rental guarantees are also available on many units.
Investment Level: Property prices start from US$102,000
Capital Appreciation: Estimates range between 4% and 12% per annum depending on location and property type.
Rental Yields: Monthly rental income with yields up to 9.37% per annum.
Property Options: Condominiums in gated communities, townhouses and single-detached family homes. Condo communities typically have additional amenities such as communal swimming pools, sports facilities and designated parking.
Locations: Orlando, Tampa, Jacksonville, Deltona and New Port Richey.
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.
Orlando, located in central Florida, is one of the world’s fastest-growing cities and a major worldwide tourist destinations. It is world renowned for its superb theme parks that include Walt Disney World, Universal Studios Orlando, Sea World Orlando and Legoland Florida. Visitor numbers in 2012 reached a total of just over 57 million comprising nearly 53 million domestic visitors 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.
BRIC Group invests in distressed properties of all descriptions in Orlando with a portfolio that includes condos, townhouses and single-family homes. The Orlando Metro area is in particular demand with potential tenants typically looking 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.
The city of Tampa is the third most populous city in Florida situated on the west coast of Florida. Tampa Bay offers picturesque sceneries, 361 days of sunshine per year and is home to some of the top beaches in the world comprising 1,260 miles of coastline and 825 miles of beach. It is located around 200 miles north west of Miami and 180 miles south west of Jacksonville. Tampa’s economy is founded on diverse industries that includes tourism, agriculture, construction, finance, health care, technology and the Port of Tampa.
BRIC Group has an extensive portfolio of distressed property in the Tampa Bay Metro area in west Florida. Our portfolio includes condos, townhouses and single-family homes. Areas within a short drive to Tampa city are in particular 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 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. Other attractions are its miles of beaches and waterways, and that it is home to the largest urban park system in the country.
BRIC Group’s portfolio of distressed properties in Jacksonville includes condos, townhouses and single-family homes. 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.
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 St. Johns River. Deltona has a population of over 85,000, a cost of living 14.7% below the national average and is home to 100 lakes within the city limits.
The BRIC Group portfolio of properties in Deltona comprises single-family homes.
New Port Richey
New Port Richey is found in west-central Pasco County, situated along the Gulf of Mexico approximately 35 miles north west of Tampa. The Pithlachascotee River runs through the heart of the city giving it a relaxing riverfront landscape with a small-town feel. The city is most recognised for this unique riverfront environment and the numerous festivals and special events it holds throughout the year. As part of the Tampa Bay area it is a popular tourist destination.
The New Port Richey BRIC Group portfolio of properties offers single-family homes.