STR in Orlando/Davenport, too late?

[Steph Prince]

Hello

I am looking into purchasing a STR in Orlando/Davenport area, just beginning my research. Do anyone think this is a saturated market and a bad idea at this time or is it still growing?

[Dale K Poyser]

I heard a saying that sticks with me

"the best time to invest in real estate is yesterday.. the second best time to invest in real estate is today"

The market may be getting saturated but I think as long as you can make the numbers work you should pursue the deal. Be very sure of your goals for STR and that your numbers are conservative.

If your goal is appreciation think about your timeline. If your goal is cashflow, use conservative numbers. Also look into any regulations and HOA regulations that could affect your HOA.

With the markets cooling I'm seeing a lot of price drops in markets I'm tracking. So you should be able to get some good pricing.