In Orlando Florida, is it a good time to buy an investment/rental home

Question

In Orlando Florida, is it a good time to buy an investment/rental home

Answer 1

Now is a good time if you are going to hold property for some time.

Buy low sell high.

Look for repo's are bank owned in Davenport.

You get get a management company that can guarantee you 30 weeks of rentals.

Many tourist rent short term 1-2 weeks at a time.

http://orlandotouristinformationbureau.c...

Answer 2

Give it another 6 - 9 months.

Prices keep dropping in Orlando.

ALOT of foreclosures.

If you're thinking of converting a foreclosure into a vacation hime rental then yes. But many of those properties need work.

Answer 3

Orlando is one of the worst real estate markets out there.  If you plan on holding on to your investment long term of 8 -10 years, then yes, you will get a deal. If you want a short turn around, then Orlando is not the place for you.

Answer 4

It is a buyers market, But I have heard horror stories about people who feel on hard times, and couldn't make payments for upkeep. Also they are some of the hardest things to get out of.