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Investment Properties in Orlando : Real Estate Advice

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Activity 72
Earlier today
Mark LeMenager answered:
Hi Chris, not an uncommon idea. I've helped lots of buyers here in the Orlando lock in at today's prices with a eye towards moving in a few years. The place to start is what will you be looking for in 2 or 3 years. Lifestyle, property type and size, work commute (if any), etc. Click on my picture, read my reviews, happy to help you, too.
Rent wise just about anything in the Orlando area rents quickly. And housing is even tighter now that Irma has taken some rentals off line for a while.
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Wed Aug 16, 2017
Feldnerh answered:
I own 4 short term rental.homes in Solterra. All homes come with full bookings.

See the homes on facebook THE VILLAS AT SOLTERRA.

contact me at feldnerh@gmail.com for more information

Thank you
Heidi
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Wed Aug 16, 2017
Feldnerh answered:
Hi Beanie

I own four lovely investment homes that come with bookings in place up to and including 2019.

Feel free to contact me at feldnerh@gmail.com

See the homes on facebook at THE VILLAS AT SOLTERRA

My best
Heidi
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Sun Aug 13, 2017
Mark LeMenager answered:
Hi Linda,

The short term rental vacation market is a big part of my business and I know all the resorts quite well. Just sold a terrific 5/3 in Windsor Palms for $289,000, so what you want does exist. The house has close to 90% occupancy, so even if you want to carve out 3 or 4 months, you could still do quite well covering your costs the rest of the year. Click on my picture and read my reviews and then contact me if I sound like the agent you would like to work with. ... more
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Sun Jul 9, 2017
Mick N Bonnie Hughes asked:
Wed Apr 26, 2017
John Sestito answered:
The market is very tight right now in Central Florida: inventory is very low. A lot of investors have been working in the market for several years, including large private equity companies, and they have gobbled up a lot of the inventory.

My suggestion would be to work with a real estate professional who can help you decide which areas to focus on. They can also set up a report to send you daily results of any new prospects that hit the market meeting your criteria. You will have to be prepared to act quickly as investment properties are not staying on the market for long.

I work with a network of real estate professionals and if we can be of any assistance, feel free to go to my web site: www.ParkPlaceConnects.com/jsestito
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Thu Mar 16, 2017
Mark LeMenager answered:
One bedrooms at Tradewinds rent for about $800 a month and two beds around $1,000 a month. No chance of getting $600 a month cash flow on a one bed. Probably not on a two bed either, although $500 a month looks doable. $6,000 free cash flow on a property costing under $100,000 is not a bad return. ... more
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Thu Mar 9, 2017
Michael Harris answered:
That is very possible but most importantly as long as you are happy. I would suggest to work with a real estate agent who specialize in investment properties and can lead you through the process. If you would like, I am part of a real estate company that can set you up with a top agent in the Orlando area. There is no cost to you for our service. Go to my website www.HarrisRealties.com for more details. Let me know if you have any questions.

Michael Harris
321-312-0489
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Sat Feb 25, 2017
Mark LeMenager answered:
I work with buyers who do this all the time. If you are looking for a house, then supply will be limited, but if it's a condo or townhouse, there are plenty of very good ones and you do need to spend that much. Click on my picture, check my reference, and contact me. ... more
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Sat Dec 17, 2016
Mark LeMenager answered:
In general it's best to have as low a mortgage as possible in the short term rental market. You should be able to cover your costs with a 70% mortgage, but it will be tight.
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Thu Nov 3, 2016
UpNest answered:
This is a good question. UpNest.com is a great platform to compare realtor commissions, profiles and rebates. You can find a realtor who will help you answer this questions and all the potential questions you may have. ... more
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Sun Oct 23, 2016
Tomgarver answered:
We build in Lake Nona...

If you already own the Land my company builds (1) car garage 1,600 square foot Townhomes for $110-130k, dependent on features in the houses.
Tom
AR Bailey Homes ... more
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Sat Oct 15, 2016
Lkliving asked:
Hi,
I'm looking into investing in a rental in Orlando area. I live in a different state. I wonder if around UCF is good to invest.
- What do you see as pro's and con's of renting to students?…
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Thu Oct 6, 2016
Dhin Chenguttai answered:
I am Canadian, bought house with 25% down when I did not have Permanent resident.
If you have 25% down, it should not be a problem. Many foreign and Latin America investors are there in Orlando. RBC Canada gives load to Canadians to buy home in Florida. Now I am a realtor. Contact me we can see house and work it out.
Dhin Chenguttai, Realtor,
Email: 123floridahome@gmail.com
Home Wise Realty
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Mon Oct 3, 2016
Mark LeMenager answered:
Yes, I have at least 40 investors who have bought property here and live up north, It's pretty common. Plus I see that Orlando is now rated the number one metro in the US for real estate investing. What you need is a good property manager and I can recommend a very good one for investors. Click on my picture, read my reviews, many of which are from investors, and feel free to contact me directly. ... more
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Sat Oct 1, 2016
Mark LeMenager answered:
If by vacation home you mean a short term rental for tourists, then do be aware that under $200k has almost disappeared. Only about 3 dozen on the market and most will need updating if you want them to become successful tourist rentals. Short term rental is a business, so if you need finance, then you will need to get involved in bookings if you want positive cash flow.
In terms of long term rentals I'd suggest St. Cloud or eastern Kissimmee. I've been taking a buyer with pretty much the same criteria around these areas that last few days and we've seen several that fit her needs. We got an offer in on one right now.
Click on my picture, read my reviews, and I be happy to help you as well.
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Tue Sep 20, 2016
Erica Muller answered:
Hi Vincent, congrats on this decision. I wrote a guide for investors investing in vacation rentals here. That might be a good place for you to start. You can download it here: http://www.thepinkflamingo.info/what-you-need-to-know-about-buying-a-booked-vacation-home-in-orlando/

I've sold over 200 vacation rentals to investors and I invest as well. What specifically would you like to know? The reason it probably looks weird to you is because the income is so different and unpredictable. I'm also curious to know what you're basing your numbers off of. Most of the homes I've sold my investors are around a 6 cap and they're very happy with that. Just because because some communities rent much better than others.

The key to it being successful is being aligned with the right management company. Unless you live here and are wanting a full time job, it's not recommended to do it yourself.

You might find a ton of helpful articles on my vacation rental investing blog here: http://www.thepinkflamingo.info/vacation-rental-blog/
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Thu Aug 4, 2016
Mark LeMenager answered:
There are no Gas Stations on our MLS and we do have one of the largest in the US. You are better off contacting the major distributors and seeing if they have any franchises available.
0 votes 1 answer Share Flag
Tue Jul 5, 2016
Mark LeMenager answered:
There is an income section on the MLS. Happy to help you out. Just click on my picture and contact me.
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