Thoughts on Kissimmee FL

[Kimberly Theriault]

Hi there! I’m an aspiring investor with no experience. Pre-pandemic I was wanting to buy a vacation rental near Disney. Unfortunately those plans had been put on hold and when looking at listing recently I am seeing that home prices have increased drastically (ie 299k to 499k for similar listings.) I was looking for thoughts from experienced investors in the Orlando/Kissimmee area. Will this bubble pop? Will prices come back down or will they continue to climb? Any thoughts would be appreciated! Thanks :-) 

[Kamil Baldyga]

Hey Kimberly! So I personally don't think there is a bubble in the real estate market. In fact, most predictions show that prices will continue to increase throughout 2022. That being said, its difficult to predict the market and its a bad idea to try and do so. I would say don't focus on how much properties have increased in price. Even if a property now costs 50K more but still gets you your desired ROI/cashflow...who cares? I say this because a lot of investors get tied up with how much properties used to cost, that they forget the fundamentals and just never end pulling the trigger. Hope this helps, let me know if you have any questions!