Torcana Florida Brochure

Bank Owned Properties in

Central Florida

Contents

• Introduction

• What is a Bank Owned / REO Property

• The Investment Potential

• Central Florida

• Sample Investment• Sample Investment

• Property Management Services

• A Secure & Safe Investment

• Simple 5 Step Purchase Process

• Why Invest Now?

• Next steps …

Introduction

Economic and market forces are aligning to create one of the greatest real estate

investment opportunities ever seen in the U.S

• We are offering investors the opportunity to purchase high quality, investment

properties for as little as 30% of their former valueproperties for as little as 30% of their former value

• Properties from $50,000 in desirable rental locations

• Excellent rental returns and Cash Flow Positive

• Full Management to ensure effortless ownership for international investors

• Secure exit strategy due to long term popularity of our strategic locations

• Benefit from property prices at the bottom of the cycle

What is a Bank Owned / REO Property

• REO simply stands for Real Estate Owned, and is a property that sits on the banks

books, and is no longer owned by an individual

• It is the final stage of the foreclosure process, where the price of the property

reaches its lowest point

• Banks are very reluctant owners and at this stage their primary objective is to

dispose of these foreclosed properties to cash buyers at values that will ensure a

rapid sale. This will be a fraction of their former price

• It is at this stage we negotiate with the banks on behalf of investors to secure

properties at the lowest possible price for cash buyers

Investment Potential• Properties that were previously sold in 2005 & 6 for $150k -$300k can now be

purchased for between $50k - $100k

• Our local team of professional and licensed experts research and carry out due

diligence on key areas and focus on properties which have high rental demand, are

in strategic locations, and are offered in excellent condition

• Investors to take advantage of prices at the bottom of the cycle, generate positive

rental returns and benefit from superb capital appreciation in the mid term

Central Florida

Economic Strength

• Orlando is ranked #1 for predicted job growth in the country between 2007-12

• Contains the nations largest Medical Research community

• Booming convention centre, ranked #2 in the US behind Las Vegas

• Orlandos technology industry is ranked 4th in the country, employs over 70,000

people, and includes the regional headquarters of Lockheed Martin and Harris

• Tourism – close to 50m visitors, which is increasing year on year. It is the world’s

number one tourist destination and home to 6 of the 7 largest theme parks in the

USA

Property Market

• Monthly sales volumes are now increasing, in part due to the fundamental

strength of the local economy

Where in Central Florida

Metrowest

Dr Phillips / Bay Hill

Millennia

Hunters Creek

Within Central Florida we focus on metro Orlando, and in detail at micro markets

that offer:

• Excellent Location – with easy transportation access to the major employers,

downtown Orlando, shopping and the international airport

• Strong Local Amenities – areas with upscale dining, a wide range of sporting

facilities, and popular and well regarded schools

Where in Central Florida

facilities, and popular and well regarded schools

• Modern & Popular Developments – with superior on-site facilities, high rental

demand, and low maintenance properties

We only offer thoroughly vetted properties in these areas and do not offer property

from areas of depressed growth or with negative social issues

Property TypesModern, Spacious, Residential Apartments / Condominiums

Modern, Spacious, Residential Apartments / Condominiums

Located on popular, desirable communities

1 bedroom, 1 bathroom between 500 – 900 sq ft

2 bedrooms, 2 bathrooms between 900 – 1250 sq ft

3 bedrooms, 2 bathrooms between 1000 – 1350 sq ft

In good to pristine condition, that are ready to be rented out to long term tenants

Onsite community facilities typically include:

Swimming pool(s), Fitness Centre, Clubhouse, Secure gated access

Investment SamplesDetail 1 bedroom example

Previous Purchase Price $153,800 (ref 154)

Current Purchase Price $49,500

Total Closing Costs $7,197

Monthly Income

Estimated Rental $800

Gross Yield 19.39%Gross Yield 19.39%

Monthly Expenses

Management Fee (10%) $80

Real Estate Tax $146

Home Owner Association

fees

$209

Insurance $30

Monthly net cash flow $335

Net Rental Yield 8.12%





Monthly Income

Estimated Rental $1,050


Monthly Expenses




fees

$285

Insurance $30







Monthly Income

Estimated Rental $1,150


Monthly Expenses




fees

$278

Insurance $30



Property Management Services

Once the purchase process is complete, an investor will need to appoint a

property management company who will offer the following:

• Extensive experience managing properties in the location you have purchased

• Ability to source and vet a qualified tenant

• Capacity to collect rent and disburse to the landlord• Capacity to collect rent and disburse to the landlord

• Provide a professional, proactive service ensuring a hands off and trouble free

investment

Torcana have sourced a reputable management company who will provide an

effective, value for money service to all our investors

Florida – a secure & safe investment

• Diverse, wealthy and resilient economy

• A safe and secure legal system for purchasing property

• Bank Owned / REO properties are built, ready to rent, and have clean title which

eliminates any off-plan risk eliminates any off-plan risk

• The purchase process is extremely quick and transparent

• Investors have the flexibility to re-mortgage in the future

• Excellent method of generating a safe US dollar income

Florida – a secure & safe investment

• We work with a fully licensed & regulated

Florida Real Estate company – a requirement

for any real estate transaction in Central

Florida

• All real estate markets are local in nature and it is not

possible to intimately understand a particular area

without being fully invested in terms of time and

expertise and we strongly recommend the use of experts

in each micro market.

Simple 5 Step Purchase Process

Step 1

• Investor and Torcana identify desired property type(s) and budget to spend

• Investor demonstrates ability to purchase property in this price range

Step 2

• If the investor is happy to proceed they indicate that they would like to make an offer

• Bank accepts offer and Purchase Contract is produced

Step 3

• Investor pays refundable 3% consultancy fee to Torcana (min €2900 / £2650)

• Client transfers purchase amount plus legal costs to escrow account

Step 4

• Title Company prepares and sends closing documents to investor

• Investor has documents notarised and returns to Title Company

Step 5

• Investor signs management agreement and pays setup fees

• Management company sources tenant and sends investor surplus monthly income

Why Invest Now?

• The lack of liquidity in the financial markets has resulted in US citizens ability to

purchase property slow dramatically

• This has created a strong demand for rental property, which can be fulfilled by the

number of REO properties being offered to investors

• With global efforts underway to reinvigorate the banking system, lending will start

to increase during 2009 which will enable the US domestic purchaser to return to

the market

Next Steps …

This is a very fast moving market and the best properties are

usually purchased within 7-10 days.

Contact us now for further information:

Torcana Ltd

Ballsbridge, Dublin 4

Tel: +353 1 4433 991 / +353 1 4433 578

Email: [email protected]

Web: www.torcana.com

Torcana Florida Brochure

Real Estate

Transcript of Torcana Florida Brochure