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Premium member Presentation Transcript TENNESSEE REAL ESTATE: TENNESSEE REAL ESTATE The Opportunity Reits Properties Contact Deana Losasso 888-taxthis 303-973-7302 firstname.lastname@example.org Hosted By Luxury CondominiumsSlide2: The strategies mentioned in the presentation may not be appropriate for everyone; other options not mentioned may be more suitable for your specific circumstances. Consult your personal accountants, tax advisor and/or attorneys to discuss your specific situation. Past performance is no guarantee of future results. Real Estate purchases are subject to investment risks, including the possible loss of amounts invested. While every effort is made to maintain accurate and current information, the possibility of errors and/or updates always exists. No guarantee is made that all information is current and accurate. Obligatory DisclaimersSlide3: Why Tennessee? How To Participate? Questions & Answers Discussion TopicsSlide4: Knoxville Ranked #5 In Real Estate Growth 2nd Half of 2006 Home of the University of TN – 26,400 students 5 Major Hospitals Rapidly Rising Land Costs Affordable Housing Shortage Substantial Tourist Hub, Support Resort Town A Second Florida for Retirees with Less Weather Risk & Lower Cost of Living Accessibility – 3 Major Interstates Collide – I-75, I-40, I-81 Knoxville & Gatlinburg Why Tennessee?Slide5: No State Income Taxes Sales Tax Credit to Residents Lower Taxes than Knoxville Lower Insurance than Gulf States 12 Minutes to Knoxville, TN 20 Minutes to Gatlinburg, TN Area Lower Land Costs Down Home TN Feeling, same commute times to Knoxville Growing Amenities & Infrastructure Development Why Tennessee?Slide6: 13 Million + visitors per year often returning 2- 4 times per year 50% of visitors travel up to 500 miles 33% of visitors stay 4 to 7 nights The average couple spends $1,800 per trip $1.2 Billion in travel expenditures in 2005 Tennessee Tourism Slide7: Great Smoky Mountains National Park #1 attraction in Tennessee with 11 million visitors per year Ripley’s Aquarium of the Smokies most visited aquarium in the U.S with 2 million visitors per year Tennessee Attractions Ripley’s Believe It or Not Sevier County is now Ripley’s Entertainment “new attraction” launch site preferred over Orlando – it includes The Haunted Adventure, Motion Theatre and a Miniature Golf Experience Dollywood #2 attraction in Tennessee with over 2.4 million visitors per yearSlide8: Tennessee Attractions & Characteristics Harrah’s Casino (a peaceful 35 mile drive through the mountains) The Hard Rock Café #2 ranked city for weddings and the only Hard Rock Café with a wedding “Chapel” on site in America Wonderworks of Orlando only 2 in the United States Slide9: Shopping District The largest shopping district from Nashville to North Carolina, new upscale with boutiques, anchor stores, specialty stores, restaurants and more Free College Tuition 2 years paid college tuition for any student graduating from a Sevier County schools with a “C” or better GPA Comedy Barn Theater, Country Tonite Theatre, Great China Circus Legends of China and Miracle a faith based musical Tennessee Attractions & Characteristics Slide10: New Attractions In Progress! In Process Projects Cabella’s, Dollywood expansion, 900 Acre River Walk with nature experience, NASCAR experience and the opening of Great Wolf Lodge and Indoor Water Park by new state of the art Convention Center Planned Projects NASCAR Speedway, LPGA Course, and an additional 1 million square feet outlet space Slated to open 1 new school every year for the next 11 years to accommodate the growth Slide11: Luxury Condo Resort in the Center of The Great Smoky Mountains The "Crossroads" where the action begins! Slide12: The River Crossing Resort is located In one of the most desirable locations In the Smokies. The resort is just blocks away from the 100 plus store Tanger Outlet Mall and on the road to Dollywood yet still offering the Tranquility of a mountain getaway. The resort will consist of 72 Riverfront 1, 2 and 3 bedroom Condominium Units. Program Highlights-Luxury CondosDeveloper ProfileRiver Crossing, LLC: Developer Profile River Crossing, LLC The Williams Family has been developing in the East TN area since the mid1960’s beginning with a motel in Gatlinburg. Over the years they have developer ten hotels in three states. Currently they hold a large interest in the Clarion Inn of Gatlinburg. They built this property in 1996 and it is a Platinum award winning hotel and is currently one of the most desired hotels in the area. They have built many residential subdivisions in the Sevier Co. area, including subdivisions in Gatlinburg, Seymour, New Center and Sevierville. Also, they have developed strip centers in Knoxville. The Williams Family has sold over 50 million in residential and commercial properties in East TN. They have been principle owners in restaurants, entertainment venues and other business endeavors. Each Project has given them insight to the Real Estate market in East TN. Amenities: Amenities Indoor Pool & Lazy River Onsite Rental Management Custom Cabinets Kitchen & Baths Ceramic Tile Granite Counter Tops 9 ft. Ceilings Fireplaces Hi-speed Internet Private Balconies All Units Overlook the River Professionally Decorated, Complete Furniture Packages Included Complete Appliance PackagesAmenities: Amenities Riverfront seclusion and mountain views Located in fast growing Sevier County Value-priced, value-engineered 11 restaurants within walking distance Leather sleeper sofas, jetted spa bathtubs Professional designed interiors by Signature Interiors of High Point, NC Indoor pool and lazy river Trolley car stop nearby Floor Plans and Cash Back: Floor Plans and Cash Back Cash Back at Closing: $41,173.44 One Bedroom Unit – 989 square feet You have full usage of your unit, and it may be used or put on our rental program Incentives do not include electricity Rents for $125 to $175 per night for approx. 180 nights per year Estimated yearly gross rental income $27,000 Average Price $247,900Floor Plans and Cash Back: Floor Plans and Cash Back Cash Back at Closing: $52,375.00 Two Bedroom Unit – 1200 square feet You have full usage of your unit, and it may be used or put on our rental program Incentives do not include electricity Rents for $150 to $200 per night for approx. 180 nights per year Estimated yearly gross rental income $31,500 Average Price $354,900Floor Plans and Cash Back: Floor Plans and Cash Back Cash Back at Closing: $63,288.00 Three Bedroom Unit – 1368 square feet You have full usage of your unit, and it may be used or put on our rental program Incentives do not include electricity Rents for $210 to $275 per night for approx. 180 nights per year Estimated yearly gross rental income $39,600 Average Price $423,900SUMMARY ILLUSTRATION – No Payments for 18 Months!!!: SUMMARY ILLUSTRATION – No Payments for 18 Months!!! Example One Bedroom Price $ 274,900 **Est. Closing Costs $ 5,415 Est. Prepaid Items $ 1,884 Total Purchase Price $ 282,199 Less 5% down *** $ 14,060 Less Closing & Prepaids $ 7,299 Total Loan Amount $ 260,840 Payment PITI 6.75% $ 1,858 Monthly Maintenance Fees $ 250 **electricity not included Example: One Bedroom Investment Overview *example purposes only – prices and inventory may vary - Total First Year Incentives $41,173 Total Payment plus Maintenance Fees for 18 months $37,944 *All prices, building costs, interest rates, and appreciation rates are subject to change without notice. Reitz Properties is not responsible for losses, damages, or changes in the market conditions. All information is deemed reliable but not guaranteed. ***5% down for second home buyer programSUMMARY ILLUSTRATION – No Payments for 18 Months!!!: SUMMARY ILLUSTRATION – No Payments for 18 Months!!! One Bedroom Two Bedroom Three Bedroom Builder Incentive – cash at closing 41,173 52,375 63,288 Less Mortgage Payment for 18 months (33,444) (42,282) (50,004) Less Monthly Maintenance Fees for 18 mo’s (4,500) (5,256) (6,786) Net Cash Incentive after 18 months payments and fees $3,229 $4,837 $6,498 Plus Estimated Rental income for 18 months 27,000 31,500 39,600 Less 40% to management company (10,800) (12,600) (15,840) Net Rental Income $16,200 $18,900 $23,760 Net Positive Cash Flow from 18 month Investment $19,429 $23,737 $30,258 Investment OverviewSlide21: Property Management Full service Property Management Company in place – Black Bear Cabins and Weddings 60/40 split on rent Location: 1338 Parkway Sevierville, Tennessee 37862 Toll Free: 800-634-5814 Local: 865-428-5427 Ask for our preferred lendersSlide22: How do I get started? Get your clients started! Email or Fax your Affiliate Reservation Form to: Deana Losasso 888-taxthis 303-973-7302 email@example.com *Reservation does not guarantee final unit selection – unit selection subject to availability of inventory at time of pre-approvalSlide23: Key Contacts Contact Deana Losasso 888-taxthis 303-973-7302 firstname.lastname@example.org You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.