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You have to picture a quaint New England type town with antique shops, cafes, restaurant year round festivals for the arts and one of the largest outdoor antique and flea market in the United States. Did I mention the lakes or rolling hills? How about the reasonable drive to Orlando?

What makes this investment unique is the fact that Mt. Dora, Florida is unique. So you have one of the most popular retirement destinations in Florida and very few communities to accommodate all the people who want to move there. This creates a steady demand for real estate and excellent price appreciation.

The biggest negative is that you will not want to sell or rent your property. You will want to live there. Here is a quote from the builder - "Combining Southern hospitality with New England charm…this community is being developed with a special vision in mind – to create a unique place where people can live in a central Florida waterfront home with a New England theme architecture."

Let me rub it in just a little bit more:

- “Top Places to Live Today” by Money magazine

- “50 Best Places in the World to Ride a Bike” by Bicycling magazine

- “Best Antique Shopping” in the state by Florida Living

- “Friendliest Small Town”

- “Best Romantic Escape”

- “100 Great Towns of America”

Our investment options in Lake County communities are, in my opinion, one of the best investments in Florida you can make. I feel they are the least speculative in nature and will return an outstanding profit. If I could, I would have this message flashing and in neon.

Financial Details - Why this is such a great investor opportunity

This explanation can get a little convoluted and confusing, but please take the time to read it through.

The investment models are based on an extended build out cycle. In other words, you are doing everything you can to put off completion of the home so you can build up the appreciation. If you can avoid closing on a home for two or more years but still lock in the current price, that, as Martha would say, is a good thing.

The cash out of pocket over the entire investment life is more than the $5,000 you would spend on our spec homes. But, and here is the Big But, the appreciation and value of this deal is much more predictable and in my opinion ("your honor, I said it was my opinion") one of the safest ways to make money in real estate in Florida. The builder has an impeccable reputation for quality and this is a planned development with a guard gate, facilities, etc. All of this builder's projects have increased in value. There is nothing to even suggest that they will not continue to do so.

This is an illustration and depending on which home and lot, your credit scores, the economy, moon phases, etc., the profit projections might vary. Nevertheless, this is a ground floor opportunity and you should strongly consider it. Central Florida has been going up 27-32% a year based on national surveys.

There is a $7,000 deposit for this deal which may be put on a credit card. (Technically, 5k is a deposit on the lot and 2k is a deposit on the home). The lot will close in APPROXIMATELY 10 -12 MONTHS - with the builder paying the closing costs (title, not mortgage). You will carry the mortgage on the lot once it closes. The lots will be going up in price all the time and you have already locked in your price.

You choose the model of the house when you initially give them the deposit. The builder's contract contains an escalation clause of 4% per year. This is very important to understand. They are telling you that they will lock in a price for the home and charge you 4% more for each year you delay construction. You are required to start building within 2 years.

Let me go over that again:

Escalation Clause - the builder is telling you that for every year you delay building a house, he is raising the price by 4%. This is a bargain since the cost to build a home goes up much more than that. Plus the appreciation on the home each year is more than 4%. Unless you are in a hurry to move in, you want to take advantage of this.

Build Within 2 Years - you do not have to start the construction process for two complete years. So, you pay the escalation money of 4% to put it off one year and then 11 months and 20 days later you tell them to begin. That way you get the two years but save 4% on the second year.

When your home is complete you will have about 30 months of appreciation locked in. The profit potential is immense.

Our onsite salesperson will give you all of the details. But it is the return on your investment that you must focus on. Also, the low risk due to the exceptional demand.

Side Note: One of my clients visited the area and purchased 5 homes using all of his family members. This is a man who has extensive investments throughout the state and understands value. The concept was not lost on him as he understood it immediately.

EXAMPLE - This example assumes values to continue to climb at 20% per year - They have actually been climbing at 25-30% in Lake County. But remeber, this is an illustration based on indexes at a particular point in time and the results can vary.

Lot = $80,000 and the Home = $160,000
Total Purchase Price = $240,000

TOTAL CASH OVER 30 MONTHS = about 30% or $72,000. But that is over two+ years and not all at once.

The appreciation on the property over this period of time is $ 140,160.00 Even if we cut the appreciation in half to only 10%, you would potentially make about $60,000. The lakefront homes and lots are a little higher but the profit potential greater.

They have lakefront lots available. This is a major body of water and these lots will appreciate more and be in tremendous demand. Go for the lakefront lots if you can get them.

You have the safety of a planned community, a highly desirable area and limited supply of homes. This can be your only investment for the next two years and you would still do very well.

The developer has another community nearby that is not lakefront but is still a great value and many of my investors bought there as well. In a few months they will release their next community to us at pre-release prices. This is almost, and remember I said almost, a slam-dunk. They will raise the prices periodically for the next few years.

You need to call me and register for this project. It was a 55+ community but they are re-opening it to younger adults. Call me. You will sleep very well at night with this one.

Martin Unger
Real Estate Investments

- Pre-Construction
- Spec Homes
- Condos
- New Homes
- Land
- Relocation

954 - 255-5056 (office)
954 - 461-0319 (cell)
775-254-2881 (fax)

(an associate of London Realty Corp)

9000 Sheridan Street
Suite 90
Pembroke Pines, FL 33024