Lake Nona’s Medical City is Central Florida’s newest medical development that is focused on the health industry. The medical city is emerging not only as Orlando’s fastest-growing, most innovative master-planned community encompassing 7,000 acres, but also as a “Project of Promise” featuring Nemours Children’s Hospital, M.D. Anderson Orlando’s Cancer Research Institute, Orlando VA Medical Center, University of Central Florida’s new College of Medicine and Health Sciences campus, Burnham Institute for Medical Research’s east coast campus, and a University of Florida research facility dotting the Lake Nona Gateway Interchange in the 600-acre Science & Technology Park.
*This emerging Medical City in Orlando Medical City's employment is expected to jump 10-fold, to 5,000 jobs.
* University of Central Florida (UCF) College of Medicine
Part of the nation’s 2nd largest university,
Total construction investment: $98 million
*Burnett School of Biomedical Sciences
Total construction investment: $68 million
*Sanford-Burnham Medical Research Institute at Lake Nona
Total construction investment: $85 million
*MD Anderson Orlando Cancer Research Institute (CRI)
Total construction investment: $2.5 million
*Nemours Children’s Hospital
Total construction investment: $380 million
*Orlando VA Medical Center
This brand new, 1.2 million square foot, state-of-the-art facility will increase accessibility to healthcare for approximately 400,000 Central Florida veterans and will be the first VA hospital built in the United States since 1995.
Total construction investment: $665 million
*University of Florida Research Center
This 100,000 square foot research facility will be shared with the Burnham Institute, enabling the state’s largest university to have direct collaboration opportunities with Burnham’s top scientists
Total construction investment: $61 million
This is a great oppotrunity for lease options, with doctors bringing their staff, not everyone will qualify for a mortgage immediately however they will be looking to buy in 2-3 years.
Click here for video tour
Orlando, Fla., misstated the city’s ranking as a destination for medical meetings. It was the No. 1 destination averaged over the past 13 years, not 13 years in a row, according to the Healthcare Convention and Exhibitors Association.
AUXO HOMES | May 2012 Newsletter
Spring Is In The Air... and the real estate market is waking up from its winter slumber! Spring has always been a great season to start making deals. Not only is the market primed, but people are feeling better. Homes simply show better this season and we're ready to show you how to profit off of them.
Did You Know? - in Orlando
Foreign Money Spends Well In Florida A recent study by DataQuick and Inman News shows that SW Florida is the spot international home buyers like the most. We've been over why this market is hot before, but it seems like the rest of the world now knows about it as well. This is great news as new money in the market means a bigger piece for all of us.
Top 10 markets for international home buyers according to the study:
International buyers are aware that Florida is one of the world's premier vacation destinations, and it's on sale. When the French Riviera goes for cheap we'll all buy there, but until such time, Florida is the place.
Prices are up 30% and builders are finally starting to bring new inventory to the market, which is good news for us all. It will take time for the international interest in Florida to wane, so with higher prices and more new inventory it's the perfect opportunity for us all to make great sales to international buyers.
It's a great chance for savvy buyers, like our partners in across Canada, to take advantage of favorable international tax regulations to buy and sell profitable Florida properties. We're entering another one of those perfect windows of opportunity: prices are rising, interest rates are low, new international buyers are bringing new money to the market, and we are getting new inventory from builders again.
We plan to take full advantage of the situation to build wealth. We hope you are going to do the same and will let us help you!
Sources: Inman News, Dataquick, RE/MAX
To Financial Freedom!
President and Founder of Auxo Homes
Real Estate Internet Resources
When it comes to U.S. Real Estate, Florida has various "Winter Getaways, at affordable prices for any Canadian wishing to invest
As a Canadian, you can cash in on the properties available in Florida due to the previous economic recession. The housing market in Florida is still recuperating, which is why Canadians will find great investment opportunities for the perfect winter getaway.
Florida developers and banks are offering great pricing for U.S. real estate and with the stronger than ever Canadian dollar, there are beautiful properties available for discount pricing.
Canadians are now, more than ever taking advantage of what Florida has to offer!
The economic recession has affected the Florida real estate market. Banks and builders are offering tremendous opportunities for Canadians who seek to purchase winter getaways or to relocate to a state that is always sunny while avoiding the harsh inclement weather of Canada.
Canadians have weathered the recession like the true Canucks we are, which is why we take advantage of the recession in the form of investing in U.S. real estate. The opportunities are endless, and there is information that Canadians should understand before indulging into U.S. real estate investment opportunities in Florida.
Owning U.S. Real Estate in Florida is different in comparison to owning real estate in Canada.
There are numerous factors that must be considered; such as taxes, legalities, immigration laws and most importantly, seeking out the financing for property investments.
Florida’s tax laws can appear confusing for anyone. Canadians should always calculate the property tax before jumping into real estate investments in Florida, however note that the property taxes in Florida are not allowed to increase more than ten percent in one fiscal year.
If you invest into Florida real estate, the US government will bill you annually for property taxes on January 1 of that particular year. These US property taxes can prove confusing, but keep in mind you should remain flexible. Sometimes rates change due to political legislation and sometimes, homeowners and business owners benefit, or suffer, due to this action.
As confusing as property taxes can be for Canadians, Florida real estate is worth every dollar for investment. Florida has beautiful weather all year round with numerous retirement communities advertising with discount pricing. With the Canadian dollar performing so strong against the American dollar, the best it’s been thus far, investing into Florida properties makes perfect sense for Canadians. Another key point to note is that property taxes and insurance are high in Florida and where this may be so, most of the costs associated with taxes and savings on the purchase price of your investment can offset your insurance.
Keep in mind that if you rent out your real estate investment, it can be arranged so that your expenses, including interest, are deducted from your income, which is a benefit not offered in Canada. Remember that lower, net income is not taxed by Florida, but by the U.S. real estate, which still proves lower than in Canada.
Sam Kakembo - U.S. Real Estate
Auxo Homes is an asset management of the company portfolio of emerging markets. The majority of his investments are made in single family rental properties.
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