Jenson

I'm a:	Home Seller
Location:	Orlando

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Buying house for rental investement in Orlando

Asked Tue May 13 2008, 14:25 by Darren - Orlando - Home Buying - 9 answers

Jenson answered:

the key to rental is location. you have to have convenience. UCF is great because of the school and college students. UCF has multiple locations spread out in Orlando with the new college of medicine opening in a few years. Downtown can be too pricey for rental, but IS workable. Disney can be great location for renting, but it would be a lot of short-time rentals, as it might be vacation rentals only. here is a listing that is in the center of Orlando http://www.floridamoves.com/O4845680 - Wed Jun 4 2008, 16:47

Is 20-25% under loan amount reasonable for short sale?I am a first time homebuyer and I realize I got

Asked Wed Jun 4 2008, 11:36 by Allan - Orlando - Home Buying - 6 answers

Jenson answered:

Conway is a great area. It has the feel of stepping outside of the tourist part of Orlando, and you're surrounded my neighborhoods (old and new). It all depends in the Conway area. You can drive down one street and 199K would be a great deal! you can drive down another street and 199K wouldnt be a great deal. In a short sale you can make any offer you want. It's up to the bank to decide if your offer is good enough even if the seller accepts the offer. You can't go too low or the bank wont consider, yet you're trying to test how low they're willing to go. If it was bought in 2007, there hasnt been much of a dent made in the principal of the loan, so 199K might be good and what the bank is willing to take so they dont lose money on the deal.
If you're really looking for a home in Conway, I have one listed well below 199 and I truly love the area, and chose Conway on purpose, but my job i relocating me. here is the listing http://www.floridamoves.com/O4845680

good luck with your offer! - Wed Jun 4 2008, 16:38

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