All Forum Posts by: Hung Ma

David Greene talked about this in the latest BP Podcast. Investing has been too easy for too long. We could buy just about anything in the last ten years and the numbers would work. Now the prices are high, interest rates are high, competition is high...it's difficult to find anything that cashflows and it's difficult for everyone. The people tooting their horns about how successful they are are probably basing that success off homes purchased 2+ years ago and they've been lucky with increasing rent rates and equity. Wait until hard times hit and suddenly these geniuses will start to disappear.

The market is tough now. You need to accept that and work within it. We all need to find ways to invest differently than we have in the last 10 years.

@Hung Ma Welcome to the forums! Glad you are finding value here.

You are looking in the right area, keeping as close to Disney as you can. Your budget will only get you into a resort community if you look at condos and townhomes, you'll have enough options to achieve your goals. There are several available in some of the better communities (Windsor Hills, Championsgate, Paradise Palms, Storey Lake) that are all under $400k.

You didn't mention your loan type and down payment, using a big chunck of cash to put down will eat into any renovation budget and sounds like you are all in at $400. 

If you are using websites to sort thru communities, you are likely not narrowing down to just the ones that are specifically for STR, which you need to be. Happy to help point you in the right direction.

Best of luck!

Look for deals not on MLS. Zillow maybe, FB marketplace, Craigslist, driving for dollars.

It's tough to find deals on MLS unless you start low balling listing that are older.

Run the numbers on everything. 

 Many of the properties in the area come fully furnished but you're likely still going to need to do some redecorating. Realistically it sounds like your budget for purchase is closer to 350 and that is going to make it challenging in that area. I would suggest you look at condos or townhomes in the resort style communities as I think they would perform better as smaller units. The smaller single family homes that have a private pool within the proximity you're talking about are probably in more residential neighborhoods the opinion that they don't perform as well as the properties that you're going to find in the resort style communities