The Pelorus Group is owned by James T. Bramlette. The group of investors enjoy turning distressed resort properties in luxury vacation spots. In April of this year, “Melrose on the Beach” opened its doors and welcomes people of all ages to experience an island getaway off the east coast of the United States. The economy over recent years made life hard for real estate investors and for families to enjoy vacations to places like Hawaii. Melrose on the Beach offers the Hawaii feel at a lower cost.
James T. Bramlette, of the Pelorus Group, felt the affects of the real estate downturn in 2007. He started as a young investor and gained lots of success. The real estate collapse taught him a lot and he discussed the lessons he learned in a recent interview with “Personal Real Estate Investors Magazine”.
“My first realization was that sitting and sulking over my losses and bruised confidence was getting me nowhere,” says Bramlette. “I decided to go back to former investors, ask for money and create funds and go after FDIC distressed assets. We had made money together when times had been good, and most of them were happy to help me again! We first began to rebuild cash flow in 2009. It was a good start, but we were at a disadvantage as a small fish in a big pond just when the big funds were showing up. Our investors wanted higher returns that could not compete with funds with lesser return and longer time expectations.”
James T. Bramlette felt that distressed resort properties were a great way to start investing in the new real estate market. The economic crisis left many families unable to vacation in hot spots like the Caribbean or Hawaii, but people still want an island resort vacation even during hard times. James T. Bramlette decided to invest in “Melrose on the Beach” in Daufuskie Island, Georgia.
“The downturn taught us that fewer parents can afford to load the family on a flight to a Caribbean island or Hawaii,” says Bramlette, “but they still want the island getaway. Melrose on the Beach is designed to achieve that getaway via family SUV or minivan. The offshore and island experience starts at the dedicated ferry service we begin out of Savannah in Fall 2013. This is the ‘welcome to our spa’ experience, golf, horses or luxury camping.”
Despite the recent issues in the real estate world, James T. Bramlette was able to turn a negative into a positive. Melrose on the Beach opened in April 2013 and is a great way for families to getaway from the stresses of life. The island investor also holds significance to James T. Bramlette as it represents a brighter future for everyone.
To plan a family vacation please visit the Melrose on the Beach website.
To read the full article visit www.PersonalRealEstateInvestorMag.com