Southport Springs

Please Note: You are currently viewing the non-styled version of this website. Either your browser does not support Cascading Style Sheets (CSS) or support is disabled. Upgrading to a newer browser that features CSS support is almost always easy and free, and will allow you to enjoy enhanced functionality on other sites as well. We recommend Mozilla Firefox for all Windows and Linux systems, and for Macintosh OSX.

Purchase Programs

The following is a brief explanation of the "early purchase" program available at Southport Springs.

INVESTMENT PROGRAM

This program allows you to purchase and close on your new home and, simultaneously, to place it in either our leaseback or rental program.

LEASEBACK PROGRAM
This program allows you to lease your home to us for use as either a model or a Guest House. While you receive the tax benefits such as depreciation, deduction of mortgage interest, deduction of travel expenses to check on the home and other similar "write-offs," we assume responsibility for the lot rent, lawn care, utilities and other ongoing expenses related to the community and home.

RENTAL PROGRAM
You would either personally procure a tenant to rent your new home or allow us to do so under our rental management program. Many of the same tax benefits available under the Leaseback Program are also available under this program. Although your expenses would be slightly higher under this program, a much higher income more than offsets same. While each case differs, the typical seasonal income ranges between $5,000 and $7,000.

DELAYED CLOSING PROGRAM

For a small deposit, select the lot and freeze the price of the new home of your choice for a specified period of time. Many of our customers purchase their retirement vacation homes up to three years prior to actual "move-in," thereby saving thousands of dollars. Additionally, they limit their expenses by utilizing one or a combination of the aforementioned programs.

EXAMPLE:

Purchase and close on the home after a six-month delayed closing; lease the home back to us for one year as a model or Guest House; then utilize the rental program for one year.

In this example you would have enjoyed an excellent lot selection, purchased the home of your choice at substantial savings, stretched your dollars and timing for 2 1/2 years, received substantial tax benefits, and significantly reduced the overall cost of your retirement residence.

The examples and programs mentioned are merely illustrative of numerous options available to those seeking assistance in realizing their retirement dreams. We look forward to assisting you in your pursuit of the retirement lifestyle of your life at Southport Springs—the most affordable active lifestyle community in Florida.

Southport Springs • 3737 Southport Springs Pkwy, Zephyrhills Fl 33541 • (800) 210-4419