I am looking into purchasing a property in Kissimmee to be used as a vacation rental. There are a large number of houses and townhouses that are currently on the market, ranging from 200k-250k that are fairly new, have in-ground pools, are in a planned community, and that are being sold furnished with short-term rental investors in mind. Has anybody had experience with these who can attest to their investibility? I'm hesitant about a pool due to liability, but other than that it seems almost too good to be true.
@Account Closed The greater Orlando area is growing faster than most and it’s due to huge dollars from investors, not just on vacation rentals but on commercial properties as well. The outlying areas are going from orange groves and horse ranches into full blown neighborhoods so the market is being saturated with inventory. There are a lot of great deals out there but with patience and the right due diligence you can score some stellar finds. Feel free to pm me if you would like to discuss further.
Kissimmee is a great area and can be very profitable. Be sure your getting a good deal going in you make money on the purchase in most cases. POOL in Florida is a necessity. Check other local listings for rentals and be sure to research. See if there are already listings on any STR platforms and what they are renting for and their vacancy rates.
I would recommend a townhouse in certain short term rental vacation home areas near Disney World. Easier to buy and sell mainly because financing is easier and cheaper. Also, as a general rule, townhouses will rent for a higher nightly rate and more often.
Feel free to contact me if you would like me to give you some specifics.