All Forum Posts by: Laura Jensen

Thanks, I had a typo the property is around $350k, so still in the lower end of the range that you mentioned. I did try to run the financials and yes the HOA is creeping in but my seller says he has a good rental history which covers it all. The house is updated so that is good but I have been hearing mixed opinions from some property managers that I have talked to. Some say its great and some say to stay away. I am not sure if there're any red flags about that subdivision that make it less desirable as a STR option.

Thanks
Laura

Originally posted by @Matt Nico:

Originally posted by @Laura Jensen:

Hi,

I am looking for advice on Emerald Island resort, STR property in Kissimmee, Fl. If anyone has experience with owning in that area or in that complex, I would love to hear your experience.

The place I am looking at is a 7 bedroom house for $250k. Do you think it's a cash flow positive market? First time investor so any inputs would be highly appreciated. Is it a good STR community to opt for? Any red flags I should see? Interested to know your experience and if its worth it.

Laura,

That development is not bad if you can get the house at the right price. If you have a house that big available for only $250k I would say its definitely worth it. Houses that large in that area have been creeping up steadily. They are usually in the $330k-$400k range depending on the model. There are 2 models in particular that are huge.

The place has 2 main problems:

1. Parking.

2. High HOA fee. The HOA fee takes away immediately from your cash flow.

Hope this helps,

-Matt

0 Votes

Orlando, Florida

Hi,

Hi, I'm looking for advice on vacation rental properties in Kissimmee, Fl, specifically at Emerald Island resort. If any one has experience with owning in that area or in that resort, I would love to hear your experience.
The unit I am looking for 350k, it is a 7B/4.5Bath. Would love some feedback on the market. I am a newbie investor so any input is welcome!

0 Votes

Hi,

I am looking for advice on Emerald Island resort, STR property in Kissimmee, Fl. If anyone has experience with owning in that area or in that complex, I would love to hear your experience.

1 Vote

Orlando, Florida

All Forum Posts by: Laura Jensen

Laura Jensen has started 2 posts and replied 3 times.

Post: Emerald Island, Kissimmee, FL advice. Newbie STR Investor!

Post: Emerald Island, Kissimmee, FL advice. Newbie STR Investor!

Post: Emerald Island, Kissimmee, FL advice. Newbie STR Investor!