roberta-tuscana memo

8/7/2019 Roberta-Tuscana Memo

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Basic Property Information:

1395 Tuscana Lane Champions Gate Florida 33896

Original Price: $390,000 (March 2008)

Offer Price: 2/2 $89,900 & 3/2 $95,900

Rental Income: Short Term & Long Term Available

Financing: Up to 75% Developer Financing

The Tuscana Community

LOCATION:

The luxurious Tuscana Condominium Villa Resort is located in the heart ofOrlando's premier Gol

Community Champions Gate, Florida. Only two exits south of Disney World (approximately 4miles) with easy 1-4 access to all Central Florida Attractions. Visit Clearwater or Daytona, east and

west coast beaches, just 60 miles away. Tuscana is the perfect investment property for every kind

of investor.

Property Amenities:

One complementary scheduled shuttle to Magic Kingdom

Mon-Fri (reservation required).We are pet friendly! ($250 non refundable pet fee for max

wo pets less than 25lbs).

Tuscana Tavern and Poolside Bar

Free internet high speed internet

Gated community

Ample Free parking.

Exercise Club

Property Details:

3 Spacious Bedrooms

2 Bathrooms

Over 1,200 Sq Ft

Fully furnished unit

Built 2005

Minutes to shopping, major roads,

dining ,schools and theme parks


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GPS Coordinates

Latitude & Longitude 28.2672 Degrees North -81.6211 Degrees West

Driving Directions from Orlando Airport

Follow the signs North Exit out of Orlando Airport and follow the signs for the Beach line Expressway

(528) WEST. Once on the Beach line you will pass through two tolls. The first is 75c and the second is

75c.Continue on this road until you reach the I-4. Take I-4 WEST (towards Tampa). Continue heading

WEST on the I-4 until you reach exit 58 (Hwy 532). Exit and merge right. Make your first right in

between Chilis Restaurant and 7 Eleven. Follow the road all the way down until you hit Tuscana

Resort. Please see below for after hours check in procedure.

Driving Directions from South

Follow signs towards the Florida Turnpike, heading north. Merge on to the Turnpike. *Turnpike is atoll hwy. Take the Florida Turnpike to Orlando I-4 WEST EXIT. Continue heading WEST on the I-4 until

you reach exit 58(Hwy532). Exit and merge right. Make your first right in between Chilis Restaurant

and 7 Eleven. Follow the road all the way down until you hit Tuscana Resort. Please see below for

after hours check in procedure.


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DISTANCE TO ATTRACTIONS:

Golf Course 1 Mile

Shopping Outlets 5 Miles

Animal Kingdom 5 Miles

Blizzard Beach 6 Miles

Disney World 4 Miles

Celebration Town 4 Miles

Epcot 8 Miles

Sea World 9 Miles

Downtown Disney 9 Miles

Universal Studios 12 Miles

Gatorland 14 Miles

DISTANCE TO OTHER LOCATIONS:

Nearby Restaurants

McDonalds 1/2 miles

Chilis 1/2 miles

Subway 1/2 miles

Pizza Hut 1 mile

Nearby Shopping

Publix Food and Deli 1/2 mile

Walgreens Drug Store 1/2 mile


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All of the units have furnished interiors


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Tuscana Background Information.

uscana began construction in late 2005 and opened in 2007. All the condos and facilities are modern, spacious aery comfortable. The gated resort consists of a large clubhouse with a 30 seat movie theatre (this can also be

meeting room), a fully equipped fitness centre and computer access with high speed internet. There is a bar and

staurant onsite, offering poolside dining as well as a takeaway service. At the back of the clubhouse there is a

rge, private pool with plenty of sun loungers and shaded cabanas, and small childrens pool and hot tub.

he condos are all open plan and fully furnished with all modern appliances and fittings. They range from 3 bed/2

ath to 2 bed/2 bath. All of the bedrooms and bathrooms are very spacious and have generous storage room.

ondos have a screened balcony with a table and chairs and some with views overlooking the golf course.

When the developer was in the last phase of selling the units in 2008, the lenders involved pulled their funding andtimately hindered the sales of many units. This situation created an opportunity for our investment group.

quity team is purchasing in bulk, the notes in default and passing a percentage of the inventory to individual

vestors that are looking to buy one or two units for a 2 to 3 year hold.


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Tuscana Condo Floor Plan.


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Annual Property Tax Information:

All records for Tuscana are available on the Osceola County Property Appraisers websitewww.property-appraiser.org

- The 2 bed units were last year (2009) assessed at $237,700 and the taxes were $3,963.48.

However the 2 bed units have just been assessed this year (2010) at $88,700, so it is fair to say the taxes will be

reduced considerably for 2010.

- The 3 bed units were last year assessed at $253,000 and the taxes were $4,211.24

The 3 bed units have just been assessed at $94,500 again it is fair to say the taxes will be reduced considerably

for 2010.

These number shave also lowered for 2011 to $1,600 per year.


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USA and Canadian buyers only:

25% Down Payment

year 1 will be 4% amortized over 30 years with balloon payment at end of year 5

year 2 will be 5%

year 3-5 will be 6%

Other International Buyers:

For someone putting Down 35% we will provide a 65% mortgage to the buyer with a 5

year balloon payment.

year 1 and 2 will be 1.95% interest only

year 3 will be 4%

year 4 will be 5%

year 5 will be 6%

50% Down Payment

year 1 and 2..... zero % interest only

year 3............... 4%

year 4 5%

year 5 6%

2/2 $89,900 and 3/2 $95,900

Cash Buyers will receive a $10K discount as long as they close within 14 days of executing

purchase contract.


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Note: Because of where we are in the real estate cycle

very difficult to show retail comps. The numbers you w

see below are numbers from REO transactions of units

did not include furnishing. We spoke to several apprais

who told us that the After Repair Value of these condo

range from $120k - $145k. However, all of the investor

buying these assets are holding them for 3 to 5 years inorder to maximize their returns. These prices are well

below the cost to build and wont last long.

Distressed units recently SOLD:

* Status Change $103,000/$100,000 8000 TUSCANY WAY 4101

3 Bedrooms, Status: Sold ($100,000). Residential

* O4883413 8000 TUSCANY WAY # 4102, CHAMPIONS GATE2 Bedrooms, Status: Sold ($95,700). Residential

* S4659849 8304 PORTOFINO DR # 202, CHAMPIONS GATE

2 Bedrooms, Status: Sold ($87,000). Residential

Because we purchase in bulk, we are able to provide investors with assets at or

below REO Prices. But we are taking this project to the next level by offering theunit at REO prices, with Developer Financing, fully furnished and in our nightly

rental pool that is managed by our onsite team. It is this turnkey system that

creates a win win for everyone involved.


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There is an onsite management company which handles all properties in the investment pool. This

management company handles the marketing for the resort. This includes but is not limited to customer

service, property maintenance, billing and much more.

The leaders of this company have been in the vacation rental business since 1988 and some of their volume

renters are,

1. Direct on line bookings via organic search engine words, etc.

2. Thomas Cook Canada Tour Operator

Property Management

3. Thomas Cook UK

4. Virgin Holidays UK

5. Endless Vacation Rentals

6. Travelocity

7. Expedia8. American Holidays in Ireland

9. Misc UK Tour Operators

Note: If you are not satisfied with the vacation rental program you can always elect to hire another one of

our property managers which specialize in long term rentals.


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Complete reviewing this Property MEMO

Email our Director the Standard Letter ofIntent

Complete reviewing this Property MEMO

Email our Director the Standard Letter ofIntentSTEP 1

To take advantage of our Turnkey Investing Solution, follow the Next 3 Step

Sign Purchase Contract we send you

Send your deposit toEscrow Agent asinstructed

Sign Purchase Contract we send you

Send your deposit toEscrow Agent asinstructed

STEP 2

Complete your Due-Diligence on the property

Close on the Income Producing Asset

We recommend you Hold for 2-5 Years

Complete your Due-Diligence on the property

Close on the Income Producing Asset

We recommend you Hold for 2-5 YearsSTEP 3


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Letter of Intent to Purchase orNon Binding Terms Sheet

1. Parties: __________________________________

And ___Owner of Record___________ as Seller

2. Property: Tuscana Condo Resort

3. Type of unit Parties agree to purchase:

[ ]2/2 Condo Furnished ($89,900)

[ ]3/2 Condo Furnished ($95,900)

4. Purchase and Finance options:

[ ]All Cash Offer ($10,000 discount)

[ ]Developer Financing

[ ]25% Down Payment | [ ]35% Down Payment | [ ]50% Down Payment

5. Provisions: Property purchased in As Is condition. Buyer agrees to pay normal closing costs. Earne

money to be deposited upon acceptance of Purchase Agreement. Acceptance to be provided within 48 hou

Upon Acceptance of the above, both parties agree to move forward with a standard purchase and sales

agreement.

Buyer: _____________________________________ Date: _________

Seller Acceptance: ____________________________ Date: _________

Real Estate Agent: ROBERTA HOLLAND, Realtor


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Contact Information

For more information please contact ROBERTA

HOLLAND, REALTOR directly at:

Direct: 407-697-2021

Skype: Roberta Holland

Google Chat: ask4roberta

Email: [email protected]

SAND DOLLAR REALTY GROUP

Address: 801 W State Road 436

Suite 2065 Altamonte Springs, FL 32714-7022

roberta-tuscana memo

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