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Investment Properties in Kissimmee : Real Estate Advice

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  • Home Buying396
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Activity 9
Thu Mar 16, 2017
Mark LeMenager answered:
Yes, you can make good money in the short term rental business, but you do need to treat it as a business. I have sold quite a bit of short term rental and have a lot of satisfied investors. Click on my picture and read what they have said about the process in their reviews of me. if it sounds good, then contact me. Happy to help you, too. ... more
0 votes 1 answer Share Flag
Thu Oct 20, 2016
Marcio Vaz answered:
Hi Lina,

Short term rentals are doing very well there. It's in a great location near shopping and the theme parks. Are you going to put it with an administration company? I have a couple of clients that have done that and they are renting their properties frequently. ... more
0 votes 1 answer Share Flag
Thu Apr 30, 2015
Karen Weathers answered:
Hi Mike,

What is the name of the townhome community that your home is located in? Every location is different and is sometimes specific to individual subdivisions. One subdivision in the same general location may have wonderful appreciation in value and the other one may not. ... more
0 votes 5 answers Share Flag
Fri Jul 11, 2014
Cathy Starkweather answered:
Trulia is a terrific tool, be sure it's actually for sale and not just public record or a sold property by looking at the top/right of the listing. Working with a Realtor is advantageous because we can set up criteria that fits your needs; in the areas of interest in the MLS so you receive listings which meets your goals. You'll be able to access your portal, directly in the MLS and can view all the properties here. You can then save favorites, possibilities and also place those of no interest in the trash can.

I specialize in investment/vacation homes in the area, feel free to reach out with additional questions.

Cathy Starkweather
Realtor & Investment Home Specialist
La Rosa Realty, LLC / Celebration, FL
01.407.274.8476 / cathy@jerrybarker.com
... more
0 votes 10 answers Share Flag
Thu May 22, 2014
Margus Mahar answered:
Hello,

As in any real estate there are factors to consider to make this investment a profitable one. If properly purchased and managed a vacation rental property can be a great investment. Combining the future appreciation with the rental revenue could easily turn into double digit ROI.

Below is snippet of a blog I wrote while ago about vacation rental business. Feel free to read it and hopefully find some answers to your questions.

Buying a vacation rental property.
The vacation rental market has changed over last 10 years (especially last 4-5 years). Whereas it used to be that as long as an investor had a house with a pool in a close proximity to parks, the property rented well or at least OK. Nowadays many vacationers are seeking for resort style communities and its amenities. On an average US vacationers come to Orlando for 5-7 days at a time and international tourists anywhere from 2-3 weeks at a time. Most go to parks 2-4 days and spend rest of the time sun bathing, shopping and enjoying pool as well as the amenities that are available. 
Much has changed - even the floor plans of the homes have evolved. Since many travel with either extended families or several couples together, there was a need to have at least 2 master bedrooms. Therefore from early 2000's on lot of the vacation rental properties have 2 master bedrooms. 
Same goes about the number of bedrooms. If 5 or 6 bedroom houses were considered largest until few years ago, many of the new developments start from 6 bedrooms and go up to 10/12. 
If you are serious of buying a vacation rental property, I would gladly share my knowledge and help you to find a property that will work for you. Different buyers have different goals or reasons for buying - a) some want the property purely for themselves, b) some want to use it a lot and break even, c) whereas some want the property to simply make money for them. Each case requires different strategy when buying the property. 
Why does vacation rental business work?
Orlando is the busiest city as far as vacationers go. Last year Orlando received 59 Million visitors!! (last year it was 57 M). It is more than any other city in United States. More than New York, more than LA, more than Chicago. Incredible what Disney can do.
That said - Orlando has ~ 117,000 hotel rooms which are occupied on average at 72% - that means only about 84,000 rooms are booked every night. That is about half of the demand and we are not considering overlapping of multi night stay. Of course not every person coming to Orlando needs to stay in a hotel or vacation rental, but you can see the picture. This is why the developers are building communities with several thousand of vacation rental units.
How to buy?
• IMPORTANT: when I am talking about revenues, we DO NOT consider appreciation. Just rental income. Same goes about the example ROI doc's below.
• Firstly decide what is important to you - a) to have it for yourself; b) to use some time, rent some and make some rental revenue; c) sole purpose is to make money with this investment
• Secondly - decide on budget. Usually leveraging (mortgaging) these types of investment have shown to be better investments than buying straight out with cash. Often cash-on-cash returns have reached to 15%-20% net.
• Finally - tell me what are the answers to above listed 2 questions and let me show you your best options. I know the market and have the relationships locally to find you the best deal available. Often developers have specials and incentives going on that are not publicly advertised - Realtor only specials. I.e. in Retreat at Champions Gate on average I can get anywhere from $20,000 - $30,000 in discounts, incentives and/or cash backs (8% - 9% off).
I have uploaded some example ROI's and what to expect to my website/blog. Feel free to check it out:www.flhomedeal.com/vacation-rental-properties



Sincerely,

Margus Mahar, Realtor®
Specializing in Luxury and Investment Properties
- Certified 203K Renovation Specialist
- Advanced Construction Expert (ACE)
- Dream Team Professional TM
www.FLhomedeal.com
J.C. Penny Realty, LLC.
8701 W Irlo Bronson Memorial Hwy, Suite 200
Kissimmee, FL 34747
Phone: 321-388-6856
Email: margus@jcpennyrealty.com
Skype: margus.mahar
... more
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Sat Jan 18, 2014
Paul Antonelli answered:
This company is the BEST.
Julie Bretz
Senior Loan Consultant
NMLS ID: 926133
2700 Westhall Lane | Suite 120
Maitland, Florida 32751
T | 321.397.4424
F | 866.998.1952
www.rpfunding.com
Julie.Bretz@rpfunding.com
... more
1 vote 1 answer Share Flag
Tue Dec 31, 2013
Mark LeMenager answered:
Sorry you are three years too late to get anything decent for this low of a budget. In 2010 you would have had a choice of hundreds of properties. Today it's 17 and they are mobile homes, hotel rooms, run down condos and 90 year old houses. ... more
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Tue Apr 23, 2013
Cathy Starkweather answered:
Correct, the condo/HOA fees do include just about everything to run your property. You'll also need to factor in management fees for this community as well as booking fees. Check with onsite PMC to see if your occupancy rates are on target and most current fees applicable with the management - Call The Palms Hotel and Villas - phone: (407) 396-2229.

Parkway Palms are quite popular for short term rentals due to the proximity to the parks and the prices are extremely low. Be sure to work with a licensed Realtor who also understands the short term rental market and how it works. Someone with experience in STR's and can provide accurate ROI information would be a solid choice. Your Realtor can also provide market analysis and comp sales to understand the appropriate offer price.

If you have additional questions, please let me know... I'd be happy to help.

Cathy Starkweather
01.407.274.8476 / cathy@jerrybarker.com
Realtor & Vacation Home Specialist
La Rosa Realty, LLC
Celebration, FL
... more
0 votes 4 answers Share Flag
Sun Sep 9, 2012
Patty Murray And Dave Rodriguez answered:
Yes, as a foreign investor with about 30% down payment.
0 votes 7 answers Share Flag
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