Tuesday, November 26, 2024
This article may surprise you, but when you dream bigger and buy smarter, you could actually end up paying less!
Intrigued?
Let’s dive into the details.
If you’ve ever dreamed of owning an oceanfront condo with stunning views in Florida but hesitated due to cost concerns, this article is for you. You might fall into the category of an occasional vacationer—someone who would love to spend more time at a beachside retreat, but your busy schedule only allows for 4–6 weeks of vacation time a year. The thought of property maintenance, upkeep expenses, and monthly carrying costs also weigh heavily on your mind.
And of course, you have a budget—a limited one.
Let’s say you have $700,000 saved up, and you’ve got your eye on a 2-bedroom, 2-bathroom, 1,214-square-foot oceanfront condo in Fort Lauderdale’s prestigious Central Beach area. The problem? This dream condo is listed at around $1.4 million.
Now, let’s look at the math.
If you put down $700,000 as a down payment, your monthly carrying costs would still be about $7,745 (without utilities). Even if you can make the down payment, most individuals find it difficult to commit to nearly $8,000 per month for a house they will only use for a few weeks per year.
This scenario keeps many dreamers from realizing their dreams.
But what if there was a way to enjoy your oceanfront property without the massive monthly expense?
If this isn’t the first article you’ve read on my blog, you probably already know the solution I’m about to suggest.
Instead of buying the entire property, what if you could purchase just 1/8 of it, which allows you to enjoy six vacations per year—one week every two months? Through a unique co-ownership model offered by FloridianHome.ca and my partner, Pacaso, you can do exactly that.
With this approach, your costs would break down like this:
That’s right. You would still enjoy the same luxury oceanfront property, but your monthly expenses would be slashed dramatically.
But there’s more. To further reduce your costs, you could also invest in a brand-new duplex with my partner, SIH, in Florida. The cash price for this investment property is around $440,000, and it’s fully managed and rented out by SIH, taking away all the hassle of property and tenant management. This investment generates an annual cash flow of $15,000 to $19,000, or roughly $1,250 to $1,580 per month.
By leveraging our strategy, your expenses could look something like this:
In short, you could enjoy your oceanfront property for as little as $250 a month—or possibly for nothing at all, depending on the cash flow from your investment property.
Imagine waking up to the sound of the ocean waves, stepping onto your private terrace with a coffee in hand, and soaking in the stunning Florida sunrise over the Atlantic—all without the burden of monthly carrying costs. Owning a slice of paradise in Florida may sound like an expensive dream, but it’s more attainable than you think, and best of all, you can enjoy it without worrying about the financial headaches typically associated with owning a vacation home.
The best part? You can make this dream a reality within your $700,000 budget, with no debt, and little to no ongoing expenses.
Most exciting of all, you can live the dream and truly experience it!
With your $700,000 budget, FloridianHome.ca's unique approach opens the door to some of Florida's most exclusive oceanfront properties—properties that might otherwise be beyond reach, and you can enjoy them without the overwhelming financial commitment.
Additionally, our partners handle everything—from property management and maintenance to financial logistics—so you can skip the headaches of dealing with contractors and upkeep.
Your only task?
Arrive, relax, and soak in the Florida sunshine.
Want to know more how to enjoy your Florida co-owned property without draining your finances?
I've packed all these juicy details into a free book, and it's yours for the taking. If you're curious, don't wait. Whether you're Canadian or American, if you're ready to take your vacation home dreams to the next level, claim your free copy now and get a $200 Hotel Savings Card, plus four exclusive bonuses.
No strings attached – just some insider knowledge that could change the way you think about vacation home ownership.
Check out Pacaso's listings and experience the co-ownership lifestyle for yourself!
Shares start at $200K+ in Florida, with financing available for 30% down and rates 0-5% for selected listings.
My partners and I have come up with smart strategies that can enhance your second home ownership experience and open up possibilities you may not have considered before.
If you're curious to learn more, grab my Book, which includes
FREE bonuses and a $200 Hotel Savings Gift Card. Don't miss out!
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