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Asked by Pam181, Woburn, MA Sat Sep 15, 2012

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Answers

12
Mark LeMenag…, Agent, Lake Nona Orlando, FL
Sat Sep 15, 2012
BEST ANSWER
Hi Bob,

Start with my popular blog on this topic: http://www.trulia.com/blog/mark_lemenager/2011/08/vacation_c…

Now for your questions:

1. No idea about Sarasota, other than it is on the coast and your insurance will be a LOT MORE expensive and you will get the odd full force hurricane. The chance that you will find an agent that really knows both places is tiny.
2. Try this blog I wrote: http://www.trulia.com/blog/mark_lemenager/2011/02/vacation_t…
3. Regal Palms has a great water park. Do keep in mind that if the HOA membership has lapsed, there is a $10,000 fee to reactivate it. Honestly you are 2 years two late. There used to be dozens of townhomes there priced under $100,000. They went down into the $60k's. Those days are over.

Good luck, Mark
0 votes
Sharon Lapoi…, Agent, Celebration, FL
Sat Sep 15, 2012
1. Sarasota is BEAUTIFUL and a little pricey. There are a lot of 55+ individuals that are drawn that area. Yes you can get more house for your $$$ in Kissimmee. We only have 2 months inventory and you have to "pull the trigger" if you are going to purchase. Also your highest and best will win the day.

2. Disney area is large and a lot of communities are short term rentals because of the Disney Area. If you are looking for short term rentals this is the place to be. Rental rates are pretty good across the board in Florida right now and NOW is the time to buy and hold. Prices are going up slowly and in small increments. What you see today will not be available tomorrow and I could not tell you what would be available in your price range after the first of the year.

3. Regal Palms has 35 active listings on MLS and only 1 is in your price range. HOA is $145 per month and a mo.maintenance fee of $275. Close to Disney and nice area of Davenport.

Call me about the lease guarantee program. I hope this information was useful.
Sharon LaPointe
ps.. I do have a trulia profile that is not completed yet however my contact information is on their.
1 vote
Sophie Muller, Home Buyer, Pittsburgh, PA
Thu May 1, 2014
Timeshare properties should never be considered as an investment, but only as a purchase and a vacation option. A timeshare is a depreciating asset, which means that it loses its value as soon as you purchase it. In fact, timeshares are close to be financially worthless
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Sun Nov 11, 2012
-
Bob,

Realtors serve a purpose and can be of help, but they're basically limited to their relatively small section of FL and of course for monetary reasons its only natural that each will they'll claim their area is best.

But a Florida Mortgage Broker / Real Estate Investor, who does business all over the state of FL can be a better source of un-bias advice.

Contact me and I'll share very important info and money saving tips about purchasing investment property in FL that others either don't know or won't tell you.

Note: regardless if you're paying cash and don't need a loan, I'm still willing to share this info with you.

Steve McRory
Pro Option Mortgage / Florida
888 662 4404
Steve@pro-option.com
http://www.pro-option.com

Prior service U.S. Marine Corps
====
0 votes
Erica Muller, Agent, Winter Garden, FL
Sun Nov 11, 2012
Bob,

Our company specializes in the short term rental arena. There are some great communities in your price range, Regal Palms is located in Davenport and rentals do well there. I also have some other recommendations and I have attached a few links for you to look at resales as well as an Intro video our company has put together that will answer a lot of your first time buying questions..

http://www.thepinkflamingo.info/orlando-property-investment-…

http://www.thepinkflamingo.info/local-living/davenport/regal-palms
0 votes
Jose Soto, Agent, Kissimmee, FL
Mon Sep 17, 2012
Good day,

I all depends what are you looking to do with the property as far as income or are you just buying it as a vacation home for yourself?? This way , we can recommned an area that will work for you based on your needs. Let us know and thank you..
0 votes
Hazel Heyer…, Agent, Kissimmee, FL
Mon Sep 17, 2012
I would submit the Disney area.. As tourism is still very much the biggest industry that keeps Florida on the go ( some 52 MM tourists came last year and still counting) the core business for Florida are Disney and the other parks that are scattered within Central Florida. A number of vacation homes I know are raking in from 6-8 % yields easily, as the vacation homes are booked frequently and are in popular touristy locations within the zipcodes close to Disney. Get turn-key properties with a pool and some community amenities that the guests ( and yourself) would enjoy. These are the ones that get better rates.
Sarasota is a nice coastal area. But since it is not too far from Disney area ( around 1.5-2 hours by car), it is still a safe bet to choose Disney properties. I have seen Sarasota properties which are pricey and dont' get booked up as the ones by the Parks.I have family in Sarasota, but business there can be slow in order to make the numbers to pay your house mortgage and other carrying costs. Siesta Key though is beautiful. But if you have a base near Disney, you can go anywhere - from East Coast to the West Coast of Florida and pay a little less...

Call me if you need assistance. Let me show you some great deals if you wish...

I remain,

Yours sincerely,
Hazel Heyer, REALTOR - SFR (Short Sale and Foreclosure Resources)
Keller Williams at the Lakes (offices at Celebration / Kissimmee) Florida 34747
Sells homes/vacation homes/ investment/income properties around Disney World, Universal Studios, Seaworld and all other Attractions in beautiful Orlando and commercial properties (e.g. boutique hotels and apartment bldgs) in Florida

Cell: (407) 301 8516 or Tel : (863) 424 1712
WEB: http://WWW.BuyPropertiesinFlorida.com or http://www.hazelheyer.com
EMAIL: hazel_heyer@hotmail.com (main) or hazel@buypropertiesinFlorida.com
0 votes
Hazel Heyer…, Agent, Kissimmee, FL
Mon Sep 17, 2012
Yes, you can - as long as you pay Cash (preferred) rather than close with loans- which are difficult to obtain unless the owner to investor ratio in that complex is higher than the reverse. These days banks don't lend to anybody for condo purchase for the most part. There are a few that generate good income for foreign investors in the general vicinity of Disney. And foreign nationals buy them - in cash or get their loans in the home country and pay them cash in FL - and get them closed. Let me show you some great deals if you wish...

I remain,

Yours sincerely,
Hazel Heyer, REALTOR - SFR (Short Sale and Foreclosure Resources)
Keller Williams at the Lakes (offices at Celebration / Kissimmee) Florida 34747
Sells homes/vacation homes/ investment/income properties around Disney World, Universal Studios, Seaworld and all other Attractions in beautiful Orlando and commercial properties (e.g. boutique hotels and apartment bldgs) in Florida

Cell: (407) 301 8516 or Tel : (863) 424 1712
WEB: http://WWW.BuyPropertiesinFlorida.com or http://www.hazelheyer.com
EMAIL: hazel_heyer@hotmail.com (main) or hazel@buypropertiesinFlorida.com
0 votes
Pam181, , Woburn, MA
Sat Sep 15, 2012
Thank you all for the info. I will keep my eye on both areas. Mark, your blogs have helped a lot!
0 votes
Jose Benitez, , Orlando, FL
Sat Sep 15, 2012
There are some good properties near disney. Like a previous comment, prices have inch up a bit but you can find some good property to invest and rent. Rental market is good if you price the property right and keep it in good condition.


Jose Benitez
Signature Real Estate Group
0 votes
Idarousse Ch…, Agent, Celebration, FL
Sat Sep 15, 2012
Hello Bob,
If you are looking to get a property in the disney area, I can help. The prices have gon up this year however you can still get a nice property in your price range. Like you said there are many communites to choose from in the kissimmmee and davenport area, if you send me an email, I can help narrow them down for you. Are you looking for short term or long term rental? Regal Palms is a nice community only downside is the high HOA fees.
0 votes
Irina Karan, Agent, Aventura, FL
Sat Sep 15, 2012
Hello Bob,

Don't know why you want to invest in those areas, where you only hope to break even...
Come to Miami and surrounding areas, and you'll have both ROI that is nice and increase in
values to brag about.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes
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