While it is no secret that owning property in Belize can be a savvy investment, you may not realize how quickly you can begin bringing in income. At the Grand Baymen on Ambergris Caye, Belize, a specially designed leaseback program ensures that property owners can make money right away on their investments.
What is the Grand Baymen Leaseback Program?
The leaseback program is a way for property owners at the Grand Baymen to bring in money right away on their real estate purchase. After buying a condo, Grand Baymen will lease the condo from you for a period of three years, or 36 months. The monthly lease offers property owners $1,250 each month, just $150 of which will go to taxes, condo fees and insurance.
The remaining $1,110 goes straight into your bank account each month, bringing you a return on your investment from day one. This program makes it easier to afford a condo on the beautiful island of Ambergris Caye, and it also serves as a savvy investment for anyone interested in the biggest possible returns on Central American real estate.
Should the Property be Financed or Owned Outright?
Whether you have a mortgage on your condo at the Grand Baymen or you own it outright, you will be eligible for theÂ leaseback program. If you purchased your condo with cash, then the entire monthly amount of $1,100 will be profit that you can pocket or reinvest however you choose.
If you financed your condo, that $1,100 can go towards paying off the monthly mortgage and speeding up the repayment process. If your monthly mortgage payment is less than $1,100 each month, then you'll be able to pocket the difference and increase your savings, all while you build equity in the local real estate market.
Who Can Benefit from the Leaseback Program?
If you're eager to take advantage of the low property prices offered by the Grand Baymen, but you're not quite ready to retire or visit Ambergris Caye for a few years, then the leaseback program is ideal. You'll have your slice of paradise ready and waiting for the future, and you can earn money on your investment in the meantime.
The leaseback program is also a fantastic way for those who can't quite afford a vacation home to pull the trigger. With the income earned over the 36-month lease, the net cost of the property goes down substantially.
Why Own a Condo at Grand Baymen?
Along with the appeal of the leaseback program to keep costs low and bring in additional income, Grand Baymen condos boast one of the most amazing locations on the planet.
On the upscale island of Ambergris Caye, Belize, these condos let residents make the most of the amazing climate, expat communities, incredible fresh seafood and vibrant local culture. In addition, Grand Baymen offers residents the resort-style amenities and luxury lifestyles they deserve.
Thanks to the leaseback program offered by Grand Baymen, it is possible to own your own condo on Ambergris Caye, Belize, and make money at the same time.