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How to make money by vacationing in your own home?
Investment/Vacation homes from the Terraba Land Company.
$90,000 buys a furnished 1000 square foot 2 bed, 2 bath, custom built, vacation home in Sierpe, Costa Rica.
A 5 or 10 year investment commitment (no capital from you other than your original investment of $90,000) with the Terraba Land Company means you will get paid money every year to vacation for one month, with your family or friends, in your new investment vacation home.
That's right, you will get paid money to vacation in your own home and you won't even have to cut the grass or repair that thing in the back yard like your normal vacation "around the house' or 3 days out of a week just hacking back the vegetation at the cottage so there's room for the patio table.
Ok this is starting to sound like a lot to BS. Understandably. Many offers’ that are 'too good to be true' are simply that, they leave the details to some fine print and leave the customer less than satisfied.
At the Terraba Land Company we do things differently than the rest. Quite a bit differently, let me explain. Oh and from now on we’ll just call ourselves TLC to keep things short.
The average cost of family vacation, 4 people 30 days can be $8000-$10,000. And let’s face it; the ‘average’ family of 4 can not afford to drop that kind of money down in 1 month with nothing back but a picture album.
Even for just 5 or 10 days of vacation bliss, it could easily surpass $4000 without much speculation. So, to be conservative, we will use the $4000 figure for the rest of the investment discussion.
Over a ten year period the modest figure of $4000 adds to $40,000. What isn't obvious is with compounded interest the total value of that money could be around $88,000 considering current market conditions (August 2, 2005).
Also considering that the average family can't seem to afford even the $4,000 up front, the total 'value' of that money can move from $88,000 to well over “who knows what” (+150K?) if high interest credit cards are factored in.
The heart of the problem is the way you are paying. Try and go to a bank and get a 'mortgage' for your vacation (at mortgage rates, not credit card rates).
See bankers do have a sense of humour. If they did that, they wouldn't be able to afford their nice home with a three car garage.
But what if you got a mortgage for your next ten or twenty vacations? What, that's crazy talk? No not crazy, but definitely not conventional thinking.
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| fine print included |
| Remember what I said about the fine print? Once you've reviewed all the details, if it doesn't make sense that you are going to make money, then you are probably right, you’ve missed something and it's going to get you later. So here's the fine print, if it doesn't make sense that you will make money on this than you probably shouldn't email me. |
Ok so the whole deal is just 4 easy steps, fine print included:
2 bed, 2 bath, custom built, furnished, vacation home in Sierpe, Costa Rica. |
| You invest $90,000 for a 1000 sqft 2 bed, 2 bath, vacation home in Sierpe, Costa Rica. |
Fine Print:
Costa Rican financing can be obtained if the buyer has a 40% down payment, your best bet in terms of interest rates may be your home bank if you already have other investments with them. You engage in a legal contract with the Terraba Land Company to custom build a home. ”If you need assistance we can arrange financing just about anywhere”.
***if you currently possess a lot in Costa Rica we may be able to build one of our custom homes on your lot and incorporate your investment home into our program. ***
Land is currently owned by the Terraba Land Company. Sierpe, Costa Rica is located southern part and has a local population in the 3000’s. With the tourism, these numbers double easily and, Sierpe is one of the fastest growing tourism and investment centers in Costa Rica. It’s also pretty nice, that’s why TLC has settled here. |
| Once Step 1 is complete, you will own a new home, to turn that home into an investment that pays you to vacation; you need to complete steps 2, 3 and 4. |
You engage in an investment agreement with the Terraba Land Company. |
| Fine Print:
TLC will take care of all maintenance on your new home; it doesn't matter whether you are there or not. We will repair anything, virtually anything that the house needs; we even take care of vandalism. Yes you will need insurance on the house year round.
TLC will actively market your house as a vacation home to others at weekly and bi-weekly vacation rate. TLC will strive for 100% occupancy during the other 11 months of the year because the more it’s rented the more money we make and so do you.
And this is because all rental income minus utilities (electricity, etc) will be split 50/50 between the home owner and TLC.
For 100% occupancy during the 11 months [48 weeks] your cut (50%) on the deal would be approximately $11,220 [based on $500/week - $30 for utils}{[(500x48) - (30x52)]/2}.
Can you vacation for one month on $11,220 of your own interest free money? In reality much of this money will not only be interest free, it will be interest bearing, we send you checks monthly, invest your money wisely and it will grow! |
You decide what month of the year you want to vacation. |
Fine Print:
You decide what month you want to vacation. You can change it from year to year, as you desire, and enjoy all the seasons of Costa Rica or you can keep it the same. We just need a little notice as we plan to ‘vacation it’ out for you when you are not there.
Yes you can change the amount of time you stay in the house. You can give up your month for greater profit. Some customers like to do this for the first few years. You could just go down for a week if that's all the time you could spare.
But for the deal to work, for everyone to make money TLC needs access to the house for 48 weeks per year. (Ok we could go down to 46 and if you really need more, don’t go away, let’s talk).
Yes you can have someone else enjoy the house for your vacation period. However, this is your home and more importantly, your investment so anyone staying at your home would have to meet basic minimum requirements whether TLC or you the owner found the prospect {they must be able to pay for their stay and not wreck you home or the community}. |
You tells us where you want you monthly checks deposited. |
Fine Print:
You are responsible for the taxes, It is your house. You are responsible for the utilities and insurance, it is your house. You are responsible for maintaining whatever financial obligation you got into to buy the house, it is your house.
[With the maintenance contract we make sure your utilities are paid, we also make sure your taxes are paid. It is in both our best interests.)]
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| TLC is responsible (assuming you have entered into an investment agreement) for: |
| Complete maintenance (painting, grass cutting, tree pruning, window fixing, repairing the roof if a tree falls on it, broken windows from vandals, fixing broken toilets. cleaning dirty toilets, cleaning services for full year, yes you will have a maid for your vacation, if you wish) |
| All the details of renting your house during the other 48 weeks. Including advertising, screening, and all the details needed to get paying vacationers into your home. Yes you can also help in this area. You can tell you friends and others about this vacation home and if you refer them to TLC, you will get a commission on the rental. And yes you can refer more than one person at a time, your first referral goes to fill your home and additional referrals at the same time can go to other homes that TLC maintains. |
Yes you will also get a 7% referral on any new homeowner/investor you bring to TLC, that’s $7000 a customer. And yes you don't need to have any previous engagement with TLC to get the 7% referral, so you could literally own a home in Costa Rica and become an investor by simply providing us with 13 qualified leads. It’s that simple.
Reality check: After reviewing this deal, does it make sense where the money is coming from? |
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