Recently several Bahama Sands owners have requested a illustration of the first year income and expense, based on the amendment lowering the purchase price and charging some buyer’s costs to the seller at closing.
Attached please find a projection of income and expense for the 2 Bedroom 2 Bath and 3 Bedroom 3 Bath Bahama Sands condominiums according to the terms in the amendment. Condo Vacations, run by Kerry Stanko, has offered some owners very attractive lease terms also used in these illustrations.
For the first 12 months after closing, Condotels will agree to list your Bahama Sands for resale if you so desire, and charge a minimal 2.5% commission. Mortgage rates in the illustration are based on recent quotes for a typical adjustable rate mortgage in the jumbo category for a 3 Bedroom, 3 Bath condo and the conforming loan category for a 2 Bedroom Bahama Sands Oceanfront Condominium.
Our CPA provided this format to us years ago and it is easy to understand because it is so simple. Certainly your accountant can give you more detailed and current info on faster depreciation for appliances, deductions for business trips to the beach to do maintenance on your oceanfront condo, land cost, and your current tax rate for calculating tax savings. We are real estate agents and always encourage you to consult a professional for advice on legal or tax matters.
Closings are progressing and we are seeing more new owners with their families at Bahama Sands. Please give me a call at 800-238-4848 and let me know about your next trip to the beach.
Attached please find a projection of income and expense for the 2 Bedroom 2 Bath and 3 Bedroom 3 Bath Bahama Sands condominiums according to the terms in the amendment. Condo Vacations, run by Kerry Stanko, has offered some owners very attractive lease terms also used in these illustrations.
For the first 12 months after closing, Condotels will agree to list your Bahama Sands for resale if you so desire, and charge a minimal 2.5% commission. Mortgage rates in the illustration are based on recent quotes for a typical adjustable rate mortgage in the jumbo category for a 3 Bedroom, 3 Bath condo and the conforming loan category for a 2 Bedroom Bahama Sands Oceanfront Condominium.
Our CPA provided this format to us years ago and it is easy to understand because it is so simple. Certainly your accountant can give you more detailed and current info on faster depreciation for appliances, deductions for business trips to the beach to do maintenance on your oceanfront condo, land cost, and your current tax rate for calculating tax savings. We are real estate agents and always encourage you to consult a professional for advice on legal or tax matters.
Closings are progressing and we are seeing more new owners with their families at Bahama Sands. Please give me a call at 800-238-4848 and let me know about your next trip to the beach.
