KESSEL HOLDINGS L.L.C.

By 2030, the population of Florida will have surpassed New York as the nation's third largest, according to the Census Bureau. Estimates show a gain of 11 million residents over the next 25 years. The latest census predictions show Florida's current population of 17.5 million approaching 20 million by 2010 and topping 21 million five years later.  The highest percentage of people relocate in coastal areas making land investment in this area quite lucrative.  About 40 percent of the projected growth will come from people 65 and older. The elderly will comprise 27.1 percent of Florida's population in 2030 -- up from 17.6 percent in 2000. Florida will be one of 10 states where retirees will outnumber schoolchildren. In 2000, children outnumbered people 65 and older by 840,000 in the state of Florida. But ...by 2030, the "under 18" population will be outnumbered by the older population (estimated at 2 million more older people than children). Florida's youth population will drop from 23 percent to 20 percent.

PROPERTY INVESTMENT GUIDE

The recent world wide economic meltdown has affected property in Florida no more or less than anywhere else. We all thought that it was more to do with the subprime lending that took place across the United States. However, the economic state was not just a problem of Florida or the U.S.  It is now rampant throughout Europe and on the doorsteps of their Banks, and their Governments and affecting their economies, too. Also it can be seen that investors in properties of the Eastern European countries, are encountering numerous problems with the property title process. Many Banks worldwide were promoting property bonds and life assurance linked bonds and products along with pension plans that have not performed as predicted. Investors went wild buying property without research and due diligence. Funds were increasingly streamlined to purchase and invest in property and developments direct from the builders - without the investors knowing enough about what and where they were investing. 

Kessel Holdings LLC understands that investors are in a dilemma when researching where to invest their fund. Property appears to be at a standstill and the Stock Market is like a minefield with Trillions lost over the last 24 months. These days, investors need plenty of money to speculate. Well it is not all bad news! We can see light at the end of this tunnel.  Property is a decent investment with proper advice and correct information. We understand that it is unlike Gold or Oil, both of which can cause problems in  their own way.

However we have seen a recent improvement of the housing starts in the U.S., the first for a long time.  We can also see the inventory of houses reducing dramatically in the States and builders are no longer building houses on speculation. This together with the general clean up of the financial market will bide well for the property market in the U.S. and in Florida. 

Investing in Florida property is quite encouraging due to the low prices there, provided that it is targeted for the medium to long term. This is due to the fact that builders have reduced prices in the hope to reduce their inventory. Also, builders are moving away from the vacation home (short term rentals) in Florida and are focusing on the domestic market; eventually this will eventually mean that vacation homes become scarce and appreciate in value.

The demography of Florida has not changed due to the financial crisis. With mild winters, pleasant summers along coastal areas and soothing showers during the rainy season, people will still retire to Florida because of the lesser cost of living as compared to the high density states up north. Corporations will still relocate to Florida as a benefit for their workers, offering a pleasant working environment.

Florida will continue to be attractive for Europeans due to its appealing weather, the attractive exchange rate and tourist attractions. Florida has no title problems and the market is very well regulated. Investors therefore have this as an important factor in their favor.

Kessel Holdings LLC has many examples of experienced investors who have had problems dealing directly with builders or developers or their agents. We advise against this practice since many are not impartial advisors and dealing with them may very likely represent a conflict of interest that is not in the best interest of the potential investor.

We have years of experience and knowledge and stands ready to assist and advise investors who are interested in buildable prime lots and buildable waterfront lots in and around the Port Charlotte, Florida area. 

The market is slowly but steadily improving. With the right vacant lot advisors on board your purchase and investment in Florida vacant and buildable lots does not have to be a daunting task.  It remains our primary mission to make your transaction a rewarding one.

State Sales Tax: 6% Corporate Tax: 5.5% State Income Tax: None!

Population: As in 2008 it is 18,328,340. Projected population in 2030 is 25 Million. 

Tourism: with 76.8 million visitors in 2004 (a record number), Florida is the top travel destination in the world. The tourism industry has an estimated economic impact of $57 billion on the Florida economy.

International Trade: 40% of all U.S. exports to Latin and South America pass through Florida. 

Space Industry: The space industry represents $4.5 billion of the economy 

Agriculture: Florida produces about 75% of the U.S. oranges and accounts for about 40% of the orange juice supply of the world. National drink Orange Juice!

Beaches:

Miles of sand beaches: 1,200 

Average Annual Temperatures: 

Summer: 80.5 (F) degrees (26.9 C) (North Florida) 82.7 (F) degrees (28.2 C) (South Florida) winter:  53.0 (F) degrees  (11.7 C) (North Florida) 68.5 (F) degrees (20.3 C) (South Florida) 

General facts and figures about the Florida Economy: 

CHIEF INDUSTRIES:  Tourism, Agriculture, Manufacturing, Construction, Services   and International Trade.  

CHIEF MANUFACTURING GOODS:  Electric and Electronics equipment, Transportation equipment, Food, Printing and Publishing, Chemicals and Instruments, and Industrial machinery.

SPACE INDUSTRY: The $4.5 billion Florida Space industry offers approximately       $52,000 as the average annual wage for its aerospace workers. Employment at the Kennedy Space Center (KSC) alone accounts for 15,000 and Florida ranks fourth among the states in overall aerospace employment with 23,000 jobs.

TOURISM IN FLORIDA: Millions of visitors travel to Florida every year and this state achieved the distinction as the top travel destination in the world. The tourism industry has an economic impact of  $57 billion on the economy.   Top tourist destinations of the state are:

Miami and South Beach; St Augustine; Walt Disney Theme Parks, the Magic Kingdom, Epcot Center and the Disney MGM Studios and Animal Kingdom. Conveniently located near Orlando. Other favorite tourist locations include the Space Port USA, Kennedy Space Center; Everglades National Park; Ringling Museum of Art and Ringling Museum of Circus both located in Sarasota; Bush Gardens, Tampa.

FLORIDA AS AN INNOVATION ECONOMY  

Florida has had continued economic success with its competitive and leading Industry clusters that play a key role with extremely innovative organizations as key players, especially in areas such as life sciences and aerospace. The nurturing environment is ever present here ‐ be it for developing state‐of‐the‐art technologies or for the sophistication of financial and  professional services firms. The prosperity of Florida also lies in the business‐friendly environment and its skillful workforce. It is these factors that have been critical to the success in preserving the status as a key player in the Innovation Economy.