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preConstruction Eastern TN,TN
investment property ID: 71

This is a project in booming eastern Tennessee that you haven't heard of, as it was NOT intended to be offered to investors - only end-users. In fact, it’s only being offered to PreConInvestors, including a bonus that you'll learn about if you inquire. So, if you’re a real estate investor or second/vacation homebuyer, you’ll want to read on. And, if a picture is worth a thousand words, check out the pictures below.

Imagine an exclusive, fully-amenitized lake community encompassing over 200 acres on the most desired lake in eastern Tennessee, offering easy airport and driving access. Imagine a several thousand acre lake with a resort like no other in the area, offering a lake clubhouse, pool, private boat dock facilities, fishing for at least a half-dozen species, and several home styles of varying sizes and floor plans allowing families, couples or single homebuyers a wide range of options.

That sounds great, you say, but is it affordable and what does it offer PreConInvestors and second/vacation homebuyers?

· Affordable Prices: Homesites start at $79,900 for nature lots that offer beautiful settings and lake access… to homesites from the mid $100s to $300s for lake-front lots for the discriminating buyer desiring a setting with views to die for. Is $79,900 a “teaser” price? No, a full one-third of the homesites are under $100K.
· Low Fully-Refundable Deposit: Only $5,000 reserves your lot and it’s FULLY refundable!
· Financing: a 10% discount from the selling price if you pay cash or arrange financing for your homesite; or a program whereby you can finance your lot at 10% down and make NO payments for 18 months! In addition, up to $1,000 toward closing costs. AND, another discount will apply and is ONLY being offered to PreConInvestors – just reply to this email and I’ll give you the details.
· Growth Opportunity: It’s no surprise to those familiar with eastern Tennessee that the area is booming. The additional difference here is that there is no development like this, and it’s on the most desired lake around.
· Investors will be the exception, not the rule: PreConInvestor buyers will be limited. In addition, all advertising is targeted to high-income second/vacation homebuyers. This offers PreConInvestors a unique opportunity to lock in a homesite before the marketing to end-users begins in earnest.
· No Required Build Time or Minimum Hold Time: This community was never intended to be marketed to investors. Hence, there are no requirements to build or hold in a fixed timeframe. You may resell as soon as you close, and closings will be scheduled within the next 60 days.
· Low HOA fees: Only $90/month.
· Low Property Taxes: Only $632 per $100,000 appraised value! That’s right, annual property taxes on a $79,900 homesite would be $505 per year. If you opt for the 10% discount option referenced earlier, your homesite would be $71,910 and your annual taxes would only be $454 per year!
· Amenities: clubhouse, pool, walking trails, boat dock, community gardens, trail-head park, etc.

Special PreConstruction Investing Event: A special PreConstruction event is scheduled for next weekend, August 11-13, for those that want to see it for themselves, and the developer-agent has agreed to arrange complimentary two-night hotel stays for PreConInvestors! No, you don’t have to attend to buy, as the developer has a Power of Attorney program that allows you to secure your homesite before the event. BUT... You’ll want to get your reservation certificate and fully-refundable deposit in ASAP, as homesites will be offered in the order of reservation deposits, and the project is expected to be sold-out next weekend. If you decide not to buy, your deposit will be refunded.

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Property Type: Lots
Price:  $ 100,000 to $ 350,000
Reservation Fee/Deposit: $ 5,000
Build-out Time:  0-6
Minimum Holding:  noneHow long does the sales contract require that investors own the property before they may rent or re-sell it on the open market?
Units:  15
Assignable?:  NDoes the sales contract allow you to freely assign contracts to other buyers?
Investor Cap:  25%What percent of sales in this project are limited to investors only?
City, State, Zip:   Eastern TN, TN, 0

 

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