On Tuesday, December 11, our CEO Mike Cobb, Clifford Todd, and I (Rachel Jensen) hosted a live webinar about Grand BaymenÂs newest product (drum roll pleaseÂ .) the leaseback condos!Â If you were unable to attend, or are just learning about the program now, no worries, we recorded the event.Â We invite you to watch the webinar here: https://www.youtube.com/watch?v=MkAZcuUi99E
So what are leaseback condos?Â Let me explain.Â This is a hands-free program designed to provide income to you, the condo owner. Â The rental incentive program, which begins after the 3-year leaseback program, will accelerate income to you. Take a look at the program highlights:
- 412Â ftÂ²Â 1-bedroomÂ fully-furnished resort condosÂ
- Only 20% down, 80% loan, amortized over 30 years, 10%
- 3-year leaseback by Grand Baymen pays you $1,250/month.Â
- Hands freeÂ Â all administration, expenses, rental program, all handled by Grand Baymen
-Â Your net income after expenses as stated in lease = $268/month!
-Â Rental Incentive Program [dive groups, etc.]
- Two-weeks of personal or guest use!Â
- You can zero out your mortgage by referring group tour operators to our reservations staff.
https://www.youtube.com/watch?v=MkAZcuUi99E.Â The first half an hour or so is an informational presentation about the program, explaining who we are as a company, and the logistics of the program.Â After this, we invite our listeners to ask any questions they may have, as Mike, Clifford, and I answer.
Because of the popularity and the continued interest we are still receiving about the program, we added 4 units to the building, to make a total of 20 units. Â To date (12/19/12), 18 units are reserved.Â There are still 2 available if you would like to get your hand on one (or both!). We are also taking reservations for our future leaseback building, which we hope to begin construction of in the later months of 2013.
If you are interested in participating in this fantastic program or have any thoughts/questions, please be in touch.Â You can email me!