Get Paid to Own a Vacation Condo

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The Western PA Real Estate Investor’s Association is partnering with internet marketing company Zebulon Technologies to introduce a new asset class to real estate investors.

Pittsburgh Real Estate Investors club WPREIA

Western PA Real Estate Investors Association

"Resort property ownership just got a lot better"

WPREIA and Zebulon Tech have partnered to find new ways to invest in real estate. The dream of owning a resort property has been out of reach for most Americans. So vacationers have settled for time share ownership, or vacation rentals. There is a new class of investment property, which combines the advantages of traditional cash flow investing with vacation resort ownership.

Many real estate investors understand that one of the benefits of owning property is that the property can be rented out on a monthly or weekly basis to generate cash. When that cash is greater than the cost of the property, the net effect is a positive cash flow. This is one of the main reasons that people favor real estate investing. The asset produces cash without being liquidated, like stocks or commodities.

Vacationers understand the concept of fractional ownership, typically referred to as a time share, where an individual owns a portion of a resort property. This is generally expressed in the amount of time that the individual owner controls the property. Most vacationers own a beach front condo for one week per year. During that week, they can use the property or rent it out to generate income.

When you combine the idea of cash flow investing with resort ownership you get a new class of property that most investors are not aware of. The new property type is called condo leaseback. It is the brain child of Grand Baymen of Belize. Their resort properties sit right on the beach at Ambergris Caye, Belize, and the site that was ranked #1 in the world by Trip Advisor. The way that it works is the a buyer purchases a condominium for as low as $129,000 and then leases the property back to Grand Baymen, the company that manages the resort. Grand Baymen in turn rents the condo out to tourists when the owner is not using it for their personal vacation. So the owner makes rental income without the hassle of property management, or maintenance.

The “done for you” approach to property management is not new to the industry, although it has generally been confined to large commercial properties and referred to as NNN or triple net leasing. Wealthy investors have been using this technique to make large profits for years. The price point on the NNN investments has always been a barrier to the average investor, since prices frequently start at one million dollars and up for commercial deals.

The combination of ownership usage, rental income, and hands off property management makes this an ideal investment for someone who wants to enjoy the warm waters of the Caribbean without paying for a property that will sit vacant for eleven months per year. This project is expected to sell out quickly.

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Josh Caldwell
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