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Bahama Bay, Florida, Inside Track

Last post 03 Nov 2008, 12:41 PM by Coventrykid. 77 replies.
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  •  06 Jun 2008, 6:33 AM 508903 in reply to 508758

    Re: Bahama Bay, Florida, Inside Track

    Please feel free to contact me privately on headlineshair@btopenworld.com   I may be able to give you some info that might help

    I agree with you in that the resort is lovely, stayed there for two weeks last June. The problem is, and has always been there is too much over development in that part of Florida. Bahama Bay is huge, and the extra blocks of apartments will inevitably reduce occupancy levels. IAP's stance will always be to 'talk it up' as they have a vested interest in getting as many of us to complete.


    Simon Harris
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  •  06 Jun 2008, 1:47 PM 509165 in reply to 507809

    Re: Bahama Bay, Florida, Inside Track

    I only need the technical explanation of what a gifted deposit is so I can pass it along.

    thanks guys and gals


    Janet Lay

    Business Development in the UK
  •  06 Jun 2008, 1:57 PM 509197 in reply to 508722

    Re: Bahama Bay, Florida, Inside Track

    I second what Clottie says. Whatever you feel, keep it under wraps. We all do feel the same, but are very aware that this is a public forum and we could get ourselves into trouble by airing our views. If you want to talk to individuals send private emails and we can talk more freely. Might be useful to know who you are.

    Janet Lay

    Business Development in the UK
  •  06 Jun 2008, 6:12 PM 509418 in reply to 509197

    Re: Bahama Bay, Florida, Inside Track

    Hi to Janet and everyone on this forum. Janet I have sent you an email but not sure if you are recieving them. I am a new casualty to this war an need a bit of help as dont have much of a clue with business dealings. If anyone else wants to contact me then please feel free. Darren

     

  •  14 Jun 2008, 11:52 AM 514543 in reply to 509165

    state of the US market taken from the Viceroy email

    For those purchasing in the USA via Inside Track, here is someone elses take on the state of the market 

    "How to buy property in Florida at half the price of 3 years ago"

    Then watch it go back up again!

    How many times have you seen those words "Half–Price Sale" and wondered whether the offer was genuine? Some shops seem to have a permanent Half–Price Sale which can quickly look very tired.

    So here's a real one instead.

    After a great deal of searching, researching and negotiating, Viceroy Invest is delighted to bring you... a great deal!

    Available only from us, this stunning, gated waterfront development with palm trees and woodland views is just a few miles from downtown Orlando, Disney World, and all the world-famous attractions. It has its own fitness centre, business centre and beautiful swimming pool - all for the exclusive use of the folks who live there.

    The price may be half what it was three years ago, but the quality is absolutely outstanding. Tenants are already signing up and in many cases can move in straight away after legal completion.

    This isn't a vague promise: we have a list of specific apartments that specific tenants have signed up to rent. And new tenants are committing at the rate of 2-3 a week.

    If there's a particular apartment you are interested in buying, but no one has yet committed to rent it, we can put you on the waiting list so your purchase can go ahead the minute a tenant does sign up.

    Too good to be true?

    No... just a great deal!

    View the Maitland, Florida eBrochure

    Today's property prices in Orlando are genuinely half the levels which were being achieved just 3 years ago. If you take a 5–year view of the future there is a good chance they will be back up there again. And that's without any help from the Sterling/Dollar exchange rate - but more of that later.

    You can buy a large 1–bed apartment (and when I say large I mean 670 square feet plus a balcony) for just £60,555. That's just £90 a square foot. And some units in this development are even less – try £85 a square foot! Prices for larger units include 4–bed, 2–bath apartments of 1313 square feet at less than £112,000. That's a fantastic amount of property for such a small price.

    Your total outlay, apart from legal fees, can be as little as £4,844 – just 8% of the purchase price. And there's no furniture pack to buy: these condos normally let unfurnished.

    How does that work? Well, on completion (after about six weeks) you will receive cash back of 7% of your purchase price – that's just like getting a full year's rent in advance, then receiving the rent every month as well!

    Example purchase – two bed unit – 848 ft2
    Purchase price £73,687
    Reservation deposit £3,684
    Completion deposit £7,369
    Cash back on completion (£5,158)
    Total input £5,895

    Rent received during first year: £6,060 as well as cash back

    Now, anyone trying to buy property in the USA nowadays will know that a 30% deposit is the norm. That's a maximum 70% mortgage. So this deal, from only 8% deposit and unique to Viceroy Invest, is truly extraordinary.

    By the way, where are we? In Maitland, Florida, just 7 miles from downtown Orlando; right next door to the popular, up-market (i.e. expensive) suburb of Winter Park. It's a beautiful place to live and work; and when you're not working it's one of the most exciting places on earth to relax and be entertained.

    • Fantastic waterfront location with palm trees and beautiful woodland views
    • Prices around half the market level of 3 years ago
    • Prices as low as £85 per square foot — within 7 miles of downtown Orlando!
    • Mortgage finance up to 85% available on interest–only terms, subject to status
    • Deposit totally secure — refunded in full if you don't qualify for a mortgage
    • Cash back of 7% on completion — like getting a full year's rent in advance
    • No furniture pack required — apartments normally let unfurnished
    • Many apartments have tenants waiting, meaning you receive income from the day you complete — as well as your 7% cash back
    • Cash investment from only £4,844 — just 8% of purchase price

    • Fantastic waterfront location with palm trees and beautiful woodland views
    • Prices around half the market level of 3 years ago
    • Prices as low as £85 per square foot — within 7 miles of downtown Orlando!
    • Mortgage finance up to 85% available on interest–only terms, subject to status
    • Deposit totally secure — refunded in full if you don't qualify for a mortgage
    • Cash back of 7% on completion — like getting a full year's rent in advance
    • No furniture pack required — apartments normally let unfurnished
    • Many apartments have tenants waiting, meaning you receive income from the day you complete — as well as your 7% cash back
    • Cash investment from only £4,844 — just 8% of purchase price

     

    View the Maitland, Florida eBrochure

    Why Florida? Why now?

    Although prices are still declining in many parts of the USA, Florida seems to have stabilised at current levels. This is hardly surprising: a market the size of the USA comprises hundreds of 'micro-markets' which are averaged to arrive at a 'Total USA' number.

    • The Florida property market as a whole looks to have hit its bottom.
    • The dollar is still weak against sterling, making dollar-priced assets particularly cheap for UK investors. As the dollar strengthens back to its long-term level against sterling, there is a built-in 20% or more potential profit for UK investors solely because of currency movement.

    • The Florida property market as a whole looks to have hit its bottom.
    • The dollar is still weak against sterling, making dollar-priced assets particularly cheap for UK investors. As the dollar strengthens back to its long-term level against sterling, there is a built-in 20% or more potential profit for UK investors solely because of currency movement.

     

    Extremely popular as a holiday and retirement destination, Florida includes such world-renowned resorts as Miami and Orlando, the latter attracting 52 million visitors a year. And because of the weakness of the Dollar against Sterling and the Euro, which makes Florida an extremely affordable holiday location, those visitor numbers will no doubt increase substantially this year. Add to that the fact that 80 Viceroy Invest members reserved property in Florida just before last Christmas, and you get an idea of the attraction. And finally, unemployment in Florida is among the lowest in the country at 3.6%.

    View the Maitland, Florida eBrochure

    For further information and to reserve your property, please call Sarah, David or Nigel on 0121 609 7095.

    Kindest regards,

    Steve Mahony and Lee Harley
    Directors

    Viceroy Invest Limited
    t: 0121 609 7095
    f: 0121 609 7094
    w: www.viceroyinvest.com
    e: info@viceroyinvest.co.uk

    Kindest regards,

    Steve Mahony and Lee Harley
    Directors

    Viceroy Invest Limited
    t: 0121 609 7095
    f: 0121 609 7094
    w: www.viceroyinvest.com
    e: info@viceroyinvest.co.uk

    View the Maitland, Florida eBrochure

    Today's property prices in Orlando are genuinely half the levels which were being achieved just 3 years ago. If you take a 5–year view of the future there is a good chance they will be back up there again. And that's without any help from the Sterling/Dollar exchange rate - but more of that later.

    You can buy a large 1–bed apartment (and when I say large I mean 670 square feet plus a balcony) for just £60,555. That's just £90 a square foot. And some units in this development are even less – try £85 a square foot! Prices for larger units include 4–bed, 2–bath apartments of 1313 square feet at less than £112,000. That's a fantastic amount of property for such a small price.

    Your total outlay, apart from legal fees, can be as little as £4,844 – just 8% of the purchase price. And there's no furniture pack to buy: these condos normally let unfurnished.

    How does that work? Well, on completion (after about six weeks) you will receive cash back of 7% of your purchase price – that's just like getting a full year's rent in advance, then receiving the rent every month as well!

    Example purchase – two bed unit – 848 ft2
    Purchase price £73,687
    Reservation deposit £3,684
    Completion deposit £7,369
    Cash back on completion (£5,158)
    Total input £5,895

    Rent received during first year: £6,060 as well as cash back

    Now, anyone trying to buy property in the USA nowadays will know that a 30% deposit is the norm. That's a maximum 70% mortgage. So this deal, from only 8% deposit and unique to Viceroy Invest, is truly extraordinary.

    By the way, where are we? In Maitland, Florida, just 7 miles from downtown Orlando; right next door to the popular, up-market (i.e. expensive) suburb of Winter Park. It's a beautiful place to live and work; and when you're not working it's one of the most exciting places on earth to relax and be entertained.

    • Fantastic waterfront location with palm trees and beautiful woodland views
    • Prices around half the market level of 3 years ago
    • Prices as low as £85 per square foot — within 7 miles of downtown Orlando!
    • Mortgage finance up to 85% available on interest–only terms, subject to status
    • Deposit totally secure — refunded in full if you don't qualify for a mortgage
    • Cash back of 7% on completion — like getting a full year's rent in advance
    • No furniture pack required — apartments normally let unfurnished
    • Many apartments have tenants waiting, meaning you receive income from the day you complete — as well as your 7% cash back
    • Cash investment from only £4,844 — just 8% of purchase price

    • Fantastic waterfront location with palm trees and beautiful woodland views
    • Prices around half the market level of 3 years ago
    • Prices as low as £85 per square foot — within 7 miles of downtown Orlando!
    • Mortgage finance up to 85% available on interest–only terms, subject to status
    • Deposit totally secure — refunded in full if you don't qualify for a mortgage
    • Cash back of 7% on completion — like getting a full year's rent in advance
    • No furniture pack required — apartments normally let unfurnished
    • Many apartments have tenants waiting, meaning you receive income from the day you complete — as well as your 7% cash back
    • Cash investment from only £4,844 — just 8% of purchase price

     

    View the Maitland, Florida eBrochure

    Why Florida? Why now?

    Although prices are still declining in many parts of the USA, Florida seems to have stabilised at current levels. This is hardly surprising: a market the size of the USA comprises hundreds of 'micro-markets' which are averaged to arrive at a 'Total USA' number.

    • The Florida property market as a whole looks to have hit its bottom.
    • The dollar is still weak against sterling, making dollar-priced assets particularly cheap for UK investors. As the dollar strengthens back to its long-term level against sterling, there is a built-in 20% or more potential profit for UK investors solely because of currency movement.

    • The Florida property market as a whole looks to have hit its bottom.
    • The dollar is still weak against sterling, making dollar-priced assets particularly cheap for UK investors. As the dollar strengthens back to its long-term level against sterling, there is a built-in 20% or more potential profit for UK investors solely because of currency movement.

     

    Extremely popular as a holiday and retirement destination, Florida includes such world-renowned resorts as Miami and Orlando, the latter attracting 52 million visitors a year. And because of the weakness of the Dollar against Sterling and the Euro, which makes Florida an extremely affordable holiday location, those visitor numbers will no doubt increase substantially this year. Add to that the fact that 80 Viceroy Invest members reserved property in Florida just before last Christmas, and you get an idea of the attraction. And finally, unemployment in Florida is among the lowest in the country at 3.6%.

    View the Maitland, Florida eBrochure

    For further information and to reserve your property, please call Sarah, David or Nigel on 0121 609 7095.

    Kindest regards,

    Steve Mahony and Lee Harley
    Directors

    Viceroy Invest Limited
    t: 0121 609 7095
    f: 0121 609 7094
    w: www.viceroyinvest.com
    e: info@viceroyinvest.co.uk

    Kindest regards,

    Steve Mahony and Lee Harley
    Directors

    Viceroy Invest Limited
    t: 0121 609 7095
    f: 0121 609 7094
    w: www.viceroyinvest.com
    e: info@viceroyinvest.co.uk


    Janet Lay

    Business Development in the UK
  •  03 Nov 2008, 12:41 PM 617641 in reply to 496505

    Re: Bahama Bay, Florida, Inside Track

    Hi everyone, just to remind that the creditors meeting for this company is tomorrow evening in London, just in case anyone is interested!

    If anyone goes, perhaps they could feed back to the rest of us?

    Thanks very much.

    Janet Lay 

     


    Janet Lay

    Business Development in the UK
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