I am Canadian and looking to buy investment property in Florida. What location in Florida is good to buy vacation villa as an investment for long?

Asked by Deepy, Florida Center, Orlando, FL Mon Mar 22, 2010

term or short term rental ?

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29
Mark LeMenag…, Agent, Lake Nona Orlando, FL
Tue Mar 23, 2010
BEST ANSWER
Hi DP, Most of the other answers seem to be rather short on details, so let me give you some solid ideas to check out. We have quite a number of really excellent investment opportunities here in Central Florida. I work the southern half of greater Orlando let me give you a few quick ideas for you to research.

LONG TERM RENTAL - Anything in or near Lake Nona in the area of the new medical city. Lake Nona is the City of Orlando's southeast corner. The medical city is an investment of billions of dollars. Lake Nona is also the southern end of "Inovation Way" a mega development by Olrando and Orange county that runs from the University of Central Florida to Lake Nona. Budget wise expect to pay anywhere from $50K for nice condos in Hunter's Creek to $300K for a home in VillageWalk to $500K for something a bit grander.

SHORT TERM RENTAL - Well, what can I say, we are the short term rental capital of the world. Over building, the bubble, and the world recession has created the perfect storm for vacation property investors. Many very good quality resort properties are selling for 1/3rd of what the originally sold for just a few years ago. Will they ever get back to the prices of 2006? Not in my lifetime, but will they get back to say 2/3rd's of those prices? Very realistic possibility. And guess what 1/3rd to 2/3rds will double the value of your investment.

The short term rental opportunity will not last forever. Prices are already going up. For example, I was showing at Regal Palms yesterday. Last summer you could pick up a 4 bed townhouse there for $75,000. Today it takes $90,000. That's a 20% increase in price.

My short term favorites include Floridays, Runaway Beach Club, Lucaya Village, Terra Verde, Seven Dwarfs, and Venetian Village to the east of I-4. These all have great locations for any attraction. To the west of I-4 my favorites include Caribe Cove, Oakwater, Windsor Palms, Windsor Hills, Emerald Island, and Regal Palms.

Like many other real estate professionals I too have a number of Canadian clients. If Central Florida is in your plans, then I'd be happy to help you out. My website includes a section for beginning investors that you may find helpful.

Good luck,
Mark LeMenager
Find your next house with the click of a mouse.
Search the MLS without obligation or registration from my website.
3 votes
Mike Slatton, Home Buyer, Pittsburgh, PA
Tue May 20, 2014
I use Bay To Gulf Holdings (btgh.com) in Tampa Bay for investment real estate. They are wholesalers.

The best way to buy investment real estate is through a "wholesaler". Real Estate wholesalers buy houses that are trashed and dilapidated and clean them. Then they sell them quickly. The profit margin is small for wholesalers, but theri goals are quick turnaround. They're not rehabbing - they're getting it ready to be rehabbed, and then selling it to the next investor.
1 vote
Nicho, Home Buyer, New York, NY
Sun Jun 12, 2016
Hello
If you are still looking to buy
This is a great investment property to buy
It would make a great property to rent as a vacation home

http://www.zillow.com/homedetails/618-Brunello-Dr-Davenport-…
0 votes
This was posted six years ago.
Flag Mon Jun 13, 2016
Sharee Thiel…, Agent, Fort Myers, FL
Mon Apr 11, 2016
SW Florida - a waterfront paradise and still reasonable prices
Waterfront is always your best investment as it retains its value and bounces back much faster than off water properties - Send me an email and i can send you some great opportunities
ShareeT@remax.net

Regards
Sharee
0 votes
If you have anybody looking to invest in orlando
My house is for sale
Its just been refurbished throughout
http://www.zillow.com/homedetails/618-Brunello-Dr-Davenport-FL-33897/71114236_zpid/
Flag Sun Jun 12, 2016
Rocco Fording, Both Buyer And Seller, Orlando, FL
Thu Aug 20, 2015
Check out this guide to help you make a US property purchase:


http://www.knightsbridgefx.com/guide-for-canadians-making-u-…
0 votes
Brendachambe…, Home Buyer, New York, NY
Sat Jul 18, 2015
Hello I'm a Realtor in Southwest Florida. It is the Retirement Paradise in the States. Southwest Florida is supremely located on the Gulf of Mexico where beautiful crystal blue waters and white sand is the norm.

Brenda Chambers
Royal Shell
Bonita Springs. Fl
0 votes
Josy Carfagno, Other Pro, Orlando, FL
Fri Jun 5, 2015
Good afternoon There, I specialize in income properties in Orlando, Florida I have a brand new project 4 bed 3 1/2 bath 10 mins from the gates of Disney, absolutely breathtaking views with long and short term rent, current going for $900,00 a week or $1,500 a month in rent return. Only 7 townhouses left.
Please email me or call me at anytime and I'll be more than happy to provide you with all the information.
Josy Carfagno
Project Sales Manager
Cell: 954 999 7498
Jcarfagno@adachere.com
Adache Real Estate LLC
http://www.adache.com
http://www.waterfordtownhouses.com
0 votes
Bernard Scar…, Agent, Kissimmee, FL
Wed Jun 3, 2015
If you are still looking for an income property in central Florida, please let me know. Give me a call.
I specialize in income producing properties.

http://bernardscarparealty.com/testimonials

http://bernardscarparealty.com/about

http://bernardscarparealty.com/income-properties


Thank you
Bernard Scarpa
American Ideal Homes, LLC servicing all of your Florida Real Estate Needs.
Specializing in Income producing properties
Disney Florida Vacation Property Investment Specialist
Resort and Second Home Property Specialist (RSPS)
Listing and Selling Specialist
Primary Residence Specialist
Relocation Specialist
Office Hours are 7 days a week
9:00 Am to 9:00 PM EST
Cell # 407-572-3022
0 votes
, ,
Tue May 20, 2014
A lot of people like central Florida because of the Attractions here. Contact Brandi Llavona, brandi@loverafl.com she can help you find a property and manage it for you.
0 votes
Real Estate…, Home Buyer, Punta Gorda, FL
Tue Mar 11, 2014
Yes - many Canadian buy rentals homes in Florida. You should call this Florida Broker - (941) 249-2366 her name is Jessica with ARG - She can help you with all your Florida Real Estate needs!!!!
0 votes
Birgitgolf, Home Buyer, Englewood, FL
Sat Oct 12, 2013
one area for sure SW FL if you haven't found what you seek please contact me for a direct conversation
Birgitswflrealtor@gmail.com
0 votes
Mark LeMenag…, Agent, Lake Nona Orlando, FL
Fri Jun 7, 2013
HI Clair,

At least you could spell my name correctly. :)

Always fun looking at three year old questions. My thinking on vacation condos has certainly changed over the years. Here's my popular blog on the topic: http://www.trulia.com/blog/mark_lemenager/2011/08/vacation_c…

Frankly the only places I'd consider a vacation condo as a business investment would be Windsor Hills or Vista Cay.

Long term rental wise, my advice hasn't changed - BE NEAR THE MEDICAL CITY at Lake Nona. since 2010 I've sold dozens of properties in that area and my investors are quite satisified. Five of them have even bought more than one!
0 votes
Clair Strutt, Agent, LAKE MARY, FL
Mon Jun 3, 2013
What Mark LeMenag says is correct. HOWEVER, he neglects to tell you that most of those townhomes come with cheap prices but high HOA fees (Home Owners Association) and some of those fees are charged on a monthly basis.

I work with many investers and I would recommend you steer clear of condos and townhome properties and focus more and single family homes in areas that require NO HOA fees. If you are shopping for homes that are cheap (IE: anything under $150k) be prepared to do some repair. There are still quite a few homes on the market that are REO (foreclosed) and the majority are in need of repair, but are quite worth it since you can rent them at good rates.
Clair
Watson Realty Corp.
616-666-0454
0 votes
Troy Egglest…, Agent, winter park, FL
Tue Apr 9, 2013
I'm sure you have made your investment already but if you are looking for a great opportunity to investest in Florida the Orlando/Disney area is wonderful for short term, high return weekly rentals.
0 votes
Glen Bigness, , Naples, FL
Tue Sep 25, 2012
Collier County Florida holds some of the states best values and returns on investment properties. Short Sale, Foreclosure, REO, and distressed property sales are abundant and with experienced professionals guiding and assisting in the process investors with cash can do well. As with any investment vehicle long term is best, but we are seeing some flipping being done by savvy investors that work with area agents and project managers so they can effectively search out and pursue the best "deals" for them selves or groups...
Collier County includes Naples, Marco Island which are the largest cities with a quality pool of investment single family homes and condominiums for consideration.
Having up to date data, market comparable, county and city tax role data assures buyers that they are well equipped to enter and survive in the Florida investment real estate market.
We are seeing many Canadian as well as European buyers looking to take advantage of Florida low cost properties, good rents and favorable rates of return on investment.

Work with an experienced professional that has the back ground, tools and statistical data to make the investment strategy in Florida a favorable one.
we here at The Bigness Realty Group are always looking for investors that are ready, willing and able to enter and take part in a great real estate opportunity through out SW Florida.
Call on us at any time or email for more information.

We have experience in construction, renovation, management and general real estate.
Looking for investor relationships and limited partnership opportunities.
serving the public since 1986...
Glen Bigness- Realtor
Premiere Plus Realty- Naples FL
239-272-4663
Skype: glen bigness
http://www.facebook.com/naplesfloridawaterfront
http://www.glenbigness.com
0 votes
Michael Duff…, Agent, Naples, FL
Sun Apr 22, 2012
Visit my web site. I am experienced in finding Canadian's vacation and investment properties in Naples Florida. http://www.swfloridahomes.net
0 votes
Michael Duff…, Agent, Naples, FL
Mon Oct 31, 2011
South West Florida which includes, Naples, Fort Myers, Sanibel Island, Marco Island, Bonita Springs and Estero is a great place to live and own property. Most people call this area paradise. The weather is great.
0 votes
caroline mor…, Agent, St Petersburg, FL
Wed Aug 31, 2011
Hi, 18 months later than you first posted the question. Are you still looking to invest? Pinellas county has excellent returns on your investment. I manage property and know of houses with great cap rates for sale. I will send you them if you like!
0 votes
Raunel, , Tampa, FL
Fri May 6, 2011
hi am not a home seller but I can contact you with the people that I work with. I flip houses for investors and I can give you a good deal on remodeling your houses up to 20 to 30% less than other people. no money upfront till the job is done and approved by you. you can contact me at raulhomeremodel@yahoo.com
0 votes
Maria Munoz, Agent, Orland Park, IL
Wed Apr 6, 2011
Hello D
Please take a look at our website at http://www.oceanreserve.com. We have ocean front and inter-coastal 1 bedroom, 1 bath, 2 bed, 2b bath, and 3 bedroom ranging from 180K to 300K. Our sq. feet range from 1005 to 1665. The units are almost 100% rented yearly, monthly and weekly. You will never have a hard time renting your unit out.
The rent ranges from 1200 to 2800 a month depending on unit. We are on 196 and Collins, down the road from Aventura and just north of upscale Bal Harbour. Our units compared to other condos near us are $180 per sq. ft vs $300 to $600 at other condos near us. Too name a few of these are Trump International, Acqualina, Jade Ocean, Ocean Two, Trump Towers. These are great deals and we have a lot of international buyers always at our sales center.
Let me know if you would like more information.
Web Reference:  http://www.oceanreserve.com
0 votes
Floridatitle…, , Florida
Sat Mar 27, 2010
Hello Deepy,

I am a Florida real estate title researcher. I am not a real estate agent, I help the consumer. I can search any property you are looking at and give you all the information you need including what the seller paid for the property (great negotiation tool). Contact me if you need a search!!

titlesearchpro@yahoo.com
0 votes
Jacqueline F…, , Kissimmee, FL
Tue Mar 23, 2010
Hello Deepy,

I hope you are having a great Tuesday evening!
I think it really depends on what you are looking for as an investment property.

Would you like to be on the beach? Golf course? Disney area?
Would you like to use the home when you come to Florida as your vacation home also?
Are you looking for a condo, townhouse or villa?
I have more questions but you get the idea.

If I can help answer any questions you might have about investment homes in the Disney (Kissimmee & Davenport) areas, Please feel free to e-mail or call me.

Kind Regards,

Jackie Fortier
Cinderella Realty
863-450-6449
Jackie@CinderellaRealtyFl.com
0 votes
John Forrest…, Agent, Orlando, FL
Tue Mar 23, 2010
Your best investment now is to capitalize on the short sales and foreclosure market in the Orlando
area. Possibly close to the attractions/Disney area. A good investment is the short term rental market where there are plenty of activities to draw customers to rent weekly or monthly. A few years ago these condos and townhomes were selling for more than double of what they are selling at now. Be glad to give you some advise on our market.

John Forrester PA
Realtor
407-741-3258
Web Reference:  http://www.teamforrester.net
0 votes
Tom Phillips, Agent, Orlando, FL
Tue Mar 23, 2010
If you are looking for something to rent on a monthly or weekly basis then for sure the Walt Disney World area is where you want to be.

Tom
Web Reference:  http://www.taprealtor.com
0 votes
Gordon Patri…, Agent, rocklin, CA
Tue Mar 23, 2010
If you are going to rent it out then just look at the rental income versus the purchase price. I know of a
2100 sq ft condo in kissimmee for 35k. kissimmee is next to disney world.
0 votes
Murray Balkc…, Agent, Santa Rosa Beach, FL
Tue Mar 23, 2010
As Realtors, we are not licensed to give "investment advice."
0 votes
Nancy Doyle, Agent, Cape Coral, FL
Tue Mar 23, 2010
Hi Deepy,
We have many Canadians buying here in the Fort Myers/Cape Coral area. We are a bit warmer than the Orlando area in the winter months. There are so many wonderful places in Florida so you do have a lot to choose from. Our prices are at an all time low.We are a frequented stop for many vacationers. I would be happy to send you information on the area and properties we have to offer. Just as Bill offered, I have many Canadians who have purchased here that would be happy to talk to you.

Best of Luck,
Nancy

Nancy Doyle
239-209-2237
nancy.doyle1@comcast.net
http://www.nancydrealtor.net
Web Reference:  http://www.nancydrealtor.net
0 votes
Bill Eckler, Agent, Venice, FL
Tue Mar 23, 2010
Deepy,

There are many wonderful locations in Florida that attract a variety of people for a number of reasons. We would like to put a pitch in for southwest Florida between Sarasota and Punta Gorda. This location is far enough south to be able to enjoy warmer winter weather and with a close proximity to the beach, this makes it very desirable to the vacation renters.

This location is less congested and affords a comfortable life style for its residents but is close enough to larges cities to take advantage of their offerings.

There are many wonderful opportunities for today's buyers to take advantage of saving on a purchase. If you would like to find out more about this area we recommenf contacting a local real estate professional for their assistance.

We also have a number of past Canadian customers that could share their experiences with you.

Cheers,

Bill

Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363
0 votes
ANDREW OLLICK, Agent, NAPLES, FL
Mon Mar 22, 2010
Deepy,

there're plenty of places that have good vacation rental markets and good annual rental markets. It all depends on personal preference and your price point.
If you give us a call, we can discuss where it's best to invest. We work ALL over Florida and have extensive knowledge of North, Central, West, East and South Florida areas.
You can contact me or Andrew at the following numbers or use skype or email

Elena Ollick
Amerivest Realty
239-206-4500
800-801-6080
eo@oceanhomesrealty.com
skype: napleshomes

Get Pre-Approved: http://www.faithhomeloans.com/express.html
0 votes
Real estate investments are great in South Florida prices are good for a investor and make money with property either long term or fix and resell

Lori A Scarnecchia
Keller Williams Real Estate
561-289-2066
Mustang430@aol.com
Flag Thu Sep 5, 2013
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