Home Buying in Orlando>Question Details

Toronto Buyer, Home Buyer in Orlando, FL

what is the best place to buy in florida that can be rented on a weekly or monthly basis?

Asked by Toronto Buyer, Orlando, FL Thu Oct 21, 2010

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15
Tierra Verde, FL 33715 meets your criteria.
0 votes Thank Flag Link Wed Oct 27, 2010
Many of my Canadian clients really like Terra Verde because of the price points and the rental demand. I have one client from Toronto who purchased in Westridge and her home books up so much that she now sends bookings out to other owners in the area. You can view her testimonial here: http://www.thepinkflamingo.info/
0 votes Thank Flag Link Sat Oct 23, 2010
We have plenty of rentals availalbe in this area.

Punta Gorda - One of the Best Places to Live in FL

Money Magazine has named Punta Gorda as one of the best places to live in America several years in a row. Why? The city has been transformed since hurricane Charley in 2004. It has a charming and historic waterfront with restaurants and shops. Boating and fishing are also major attractions. The habor leads out into the waters of the Gulf of Mexico. It has clean air, 129 square miles of sparkling water, sunshine, and a sub-tropical climate. The crime rate is low and it offers great values on waterfront properties.

The city is located on the shores of Charlotte Harbor in sunny Southwest Florida between Sarasota to the north and Ft. Myers to the south. It is a destination for visitors, residences, and businesses alike. Charlotte County has approximately 17,000 people, including young families, singles, and seniors. The city is convenient to airports such as Charlotte County, Southwest Florida International, and Naples Municipal Airport.

Punta Gorda is considered a waterfront paradise. You can find affordable living in single family homes, mobile homes, townhouses, and condos. Or you can purchase moderately priced luxurious waterfront homes and condos in upscale and gated /golf communities. There are also reasonably priced lots to build that dream home. If you would like additional information on this wonderful city or are thinking about moving here, contact me today at tammyhayesre@gmail.com.

Tammy Hayes, Realtor
Sandals Realty, Punta Gorda, FL
941-276-6185
E-mail: tammyhayesre@gmail.com
Web: tammyhayesre.mfr.mlxchange.com
0 votes Thank Flag Link Fri Oct 22, 2010
Toronto,

There are many but it depends on your preference.....but we would consider both coastal and southern Florida as providing the best rental potential because of its appeal to winter visitors.

From a rental standpoint, the best route to go is renting your property seasonally because the income generated on a 4-5 month seasonal rental can nearly equal that of an annual rental. To rent seasonally leaves time for you to use the property as well.

Plan a southern visit to include the coastal area between Sarasota and Naples before making a decision.

Best wishes,

Bill
0 votes Thank Flag Link Thu Oct 21, 2010
If you have the money, then Windsor Hills about 2 miles south of Disney or Emerald Island about 3 miles south.
0 votes Thank Flag Link Thu Oct 21, 2010
For weekly rentals I love Vista Cay Resort which is minutes away from the Convention Center and International Drive. In terms of long term (7 month minimum) I believe Metrowest Orlando has the most potential at this time. Please call me at 407.325.4344. I would love to discuss this further with you.

Sincerely,
Michael de Filippi
Lord Villejust Realty
0 votes Thank Flag Link Thu Oct 21, 2010
Naples ( Southwest Florida area) is a top destination for US as well as foreign buyers and most Naples properties don't have restriction on rentals ( whether it's weekly or monthly). The beaches here are gorgeous, the weather is very mild in the winter, it has more golf courses per capita than any other city in florida. Eveything is designed here for the vacation market: dining, entertainment, shopping. It's very upscale and nice.
I think there are a few areas good for weekly/monthly market (Naples, Tampa, Orlando, W. palm beach), however i think you'd get a better idea if you were to visit florida for a few days: take a drive from orlando to tampa, to naples, to east coast.

Good Luck and let us know if you need any help. We also provide foreign national financing, if you require it.


Andrew and Elena Ollick
Amerivest Realty
239-206-4500
eo@oceanhomesrealty.com
Latest Post: Housing Has Finally Hit the Bottom
http://www.andrewollick.com/realestateblog
0 votes Thank Flag Link Thu Oct 21, 2010
Toronto Buyer,

There are plenty of fantastic opportunities throughout the state but for my money based on the weather, economy and quality of life your best choice is without a doubt northern Palm Beach County. To introduce you to Jupiter and the surrounding areas please check out my blog;

http://tompriester.wordpress.com/2010/06/04/jupiter-rocks/

There are numerous developments that allow seasonal rentals worth exploring in the area, but you first should fully define your investment objectives as they may not be where you can find the best returns. I am constantly working with investors and just finished submitting a contract for a condominium in Palm Beach Gardens that should return a very nice 7.9% cash on cash return to my client. And that is before the tax benefits and future appreciation figured in. With a planned hold of 4 to 5 years these deals have the ability to return solid double digit annualized profits. These are units that sold for in excess of $200,000 during "real estate mania" and now are going for a small fraction of that.

I do fairly thorough pro-formas for each of my investors on properties they are contemplating and if you would like to see the numbers in black and white please feel free to contact me at your convenience. It is kind of funny but in my humble opinion today's safest investments are in southern Florida real estate. Best of luck with your search and if I can be of any assistance in helping you identify and meet your goals just let me know.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-1075
tom@tompriester.com
Web Reference: http://www.tompriester.com
0 votes Thank Flag Link Thu Oct 21, 2010
Toronto,

I like closeness, tied of hearing are we there yet also it's hot in the summer and with the sun beating me all day I may want to sneak back for a shower & rest before dinner and the parade.

Different vacationers book based on different reasons, cost of rental, condition of the property, features of the rental (has it been updated or does it still have the same furnishings when built 10 years ago), closeness to the major attractions saving drive time, or on site amenities to keep everyone occupied.

For quick access to Disney look along the Route 192 corridor from Route 27 to Old Town or near International Drive/Sea World/Universal look along Universal Blvd and Route 417 and route 535 (Vineland Road) exit.

Others don't mind trading extra drive time for on site resort style amenities like golf or water parks.

Hope this helps,

Dave Lowe, broker
GRI, ePRO, Realtor

Community and Family Values
Web Reference: http://OrlandoHomeStore.com
0 votes Thank Flag Link Thu Oct 21, 2010
Hi Toronto Buyer!!!
I actually deal with clients/investors from Toronto...The best place is......ORLANDO!!! And the surrounding areas such as Kissimmee etc...
If you would like my help or a list of properties with income potential, let me know! I'm only an e-mail away!
Have a great day!

Carol Bauza
Keller Williams Advantage Realty
carol@carolshome.com

ps...you can also look at my website under relocation and relocation services for videos on Orlando!
Web Reference: http://www.carolshome.com
0 votes Thank Flag Link Thu Oct 21, 2010
Hi,
If you want secure rentals all year round, Downtown Orlando is the place to buy a condo.
Raquel@orlandorealtyqueen.com
0 votes Thank Flag Link Thu Oct 21, 2010
Hi,

In the South Orlando/Kissimmee are we have many great communities that feature homes that are zoned for short term rental and are within minutes of the main attractions like Disney, Sea World and Universal. Many of these homes come already furnished and often have management set in place that will rent out your property on a weekly or monthly basis to the thousands of tourists and convention attendees that visit Orlando each month.

If you would like a list of these vacation rental properties available for purchase just email me and I would be happy to send you a free list.
--
Sincerely,

Jennifer De Vivo
The De Vivo Team
Charles Rutenburg Realty
http://www.devivorealty.com
407-921-1310
Web Reference: http://www.devivorealty.com
0 votes Thank Flag Link Thu Oct 21, 2010
That would depend on your budget.
I have a list of about a dozen of the better resorts on my website which cover the various price points.
Follow the link below.
0 votes Thank Flag Link Thu Oct 21, 2010
I like Lake Buena Vista Resort & Spa. Some great foreclosure deals right now...

http://www.condometropolis.com/featured_property_archive/Lak…

We've had a few Canadians buy there and are used to assising with the tax issues, exchange rates etc. See our international page below. Feel free to contact me for more info.

http://condometropolis.com/orlando-international-buyers.php

Marcus Burke.
407-290-3408.
Web Reference: http://condometropolis.com
0 votes Thank Flag Link Thu Oct 21, 2010
Hi Toronto, I think you nailed it right there -- Orlando. The seasonal and resort traffic is highest there. Earlier this year I did a tour to learn about the market there and it seemed the key was to price at or near market value. Orlando is an affordable market and you will always have a good seasonal business, complimented by snowbird business if you keep prices right.
0 votes Thank Flag Link Thu Oct 21, 2010
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