Panama City Ft Myers South Florida Real Estate Investment Property

Existing lot owners not only here in the Ft Myers/Cape Coral area but throughout the state of Florida now have the opportunity to take advantage of a program which the Martin Investment Group has EXCLUSIVELY obtained through some of our preferred lenders.

This program offers you the opportunity to build a new high demand luxury home on your existing lot and RECIEVE A CHECK FOR CASH on your lot at the time of the closing. That’s right; you can get a check right from the bank when the loan closes for the value of your land. This money can be used for anything you like whether it’s some new property, that car you've been looking at, or maybe you could just use a little extra money right now. On top of that, you can look forward to possible gains of up to and more then $100,000 at the sale of the home. This allows you the chance to build a new home in one of the hottest areas in the country for much less then anyone else building right now making your home that much more valuable when it comes time to sell!!!

We also have dependable reliable builders ready to work for you! These builders have been individually selected from a large group for their wonderful building reputation and cost effective construction. They also offer multiple floor plans to suite your particular neighborhood. Feel free to contact us anytime and have a representative from the MARTIN INVESTMENT GROUP contact you right away!

There are two senerios for us to put you into this program depending on the amount of time you have owned your lot:

SENERIO 1: This if for those who have owned their lot for more then two years. Those land owners can get a 75% LTV (loan to value) loan. This means that the bank is willing to lend you 75% of what the appraised value of the house (the value if the house was already built and sitting on your lot) is. We then have your building contract drawn up with all costs build into the price. This includes the price of the house, the closing costs for your loan, the interest on your loan during construction, and any other associated costs with the construction. This means that you will not have to come up with any monthly payments or other money during the construction. At the closing of the loan, the bank will write you a check for the remaining amount.

EXAMPLE:

Appraised value of the house $390,000

Amount bank will loan (75%) $292,500

Total cost of construction $260,000

Check bank will write you for cash $32,500

This means that even if you bought your land many years ago for just a few thousand and in some cases even just a few hundred dollars (for people who bought land here years ago, these are typical figures) the bank will write you a check for much more. Now if we assume that there is only 8% appreciation (our area has averaged over 10% and up to 45% in the past few years):

Value of the house $422,200

Minus total loan amount $292,500

Minus sellers costs $38,332

Profit on sale of the house $91,368

Up front money from the bank $32,500

Profit from sale of the house $91,368

TOTAL PROFIT $123,868

SENERIO 2: This if for those who have owned their lot for less then two years. Those land owners can get a 90% LTV (loan to value) loan. This means that the bank is willing to lend you 90% of what the appraised value of the house (the value if the house was already built and sitting on your lot) is. The building contact is the same as above with all associated costs built into your loan so you do not have to worry about coming out of your pocket with any money during the construction phase.

EXAMPLE:

Appraised value of the house $390,000

Amount bank is will loan (90%) $351,000

Total cost of construction $260,000

Check bank will write you up to $91,000

This means that the bank will write you a check for UP TO $91,000 depending on the price you paid for your lot. The bank will give up to but NO MORE then what you paid for your property. This is a wonderful program for those who purchased land in the last few years and not have a large amount of equity or those who would like to get out away from making a monthly payment on the loan they have now. Now if we assume that there is only 8% appreciation (our area has averaged over 10% and up to 45% in the past few years):

Value of the house $422,200

Minus total loan amount $351,000

Minus sellers costs $38,332

Profit on the sale of the house $32,868

Up front money from the bank $91,000

Profit from sale of the house $32,868

TOTAL PROFIT $123,868