Investing in Orlando, Florida

[Vi Trang]

Hello everyone,

I'm a newbie. I want to do real estate investment in Orlando, Florida, mainly for AirBnb. My budget can go up to $500,000 with 25% down payment. Can you please share with me a few pros and cons when investing in Orlando, Florida?

Also, I would like to connect with a few agents in Florida to build up a team. Please let me know if you are interested. 

Thank you,

[Shawn McCormick]

Quote from @Tim Kanak:

@Shawn McCormick why 5+ bedrooms?  What other amenities?  Pool?

Thanks,

 Hi @Tim Kanak Depending on the specific community, most of the 'nicer, bigger' resort style communities homes start at 5 bedrooms. If you are looking at 3 or 4 bedroom homes, you are likely looking in communities that don't have amenities that are going to be attractive to what most are looking for. They can still be resort, STR friendly communities, but the homes are typically older and won't likely get the attention from the algorithms that you need to attract potential vacationers.

The communities that have 5+ bedroom homes are built specifically with airbnb, VRBO etc in mind. Since Orlando doesn't have ocean views, mountain views, roof top or treehouse homes for rent, a majority are coming for the theme parks with children and want to be entertained. The bigger homes have the room to be able to theme them and capture the imagination with game rooms, theater rooms, beds that look like boats or star wars spaceships. You don't want to go all out with everyroom geared toward kids, you then have the issue of boys vs girls and toddlers vs preteens vs teens and you may turn off some families. 

All of the dozen or so more recognized resort communities will be gated/guard gated, have a great amenity center loaded with pools, lazy river, miniature golf, movie theater, arcade, restaurant, volleyball etc. All homes will have a pool and virtually all with have hot tub and will come fully furnished and ready to book.

Hope this helps.