Are You Buying an Orlando Vacation Rental Home For All The Wrong Reasons

Don’t be that guy who thinks he’s going to get rich quick or cash in on an Orlando vacation home cash cow.  You should avoid buying a vacation rental home in Orlando if your reasons are any of these three.  A vacation rental home if doe the person who just wants to own a piece of Florida and understands they may or may not break even but they don’t care because this is their dream.

1. To Generate an Income
Stop right there and do not pass go.  If you’re one of those people that think you’re going to buy a vacation rental home and generate a cash flow on your property all while enjoying the fruits of your investment three months per year you are dead wrong and should reconsider your decision.  Yes- There are people in Orlando generating a small income off their vacation rental homes but it’s a very small percentage and there are several factors that have to line up for this to happen.  Most of the time, epecially for those taking a mortgage, you should expect to pull 20%-30% out of your pocket every month to own the property.  You do have a decent shot at breaking even but it’s going to take some work on your part.

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2. For a Quick Flip
So you’ve been bit by the get rich quick bug and have decided you’re going to cash in on some of Florida’s foreclosure properties. . . Orlando vacation homes rarely make a good quick flip and its extremely difficult to net anything from the little money you may make flipping it.  The only vacation rental neighborhood in the Disney areas that I have seen investors successfully flipping houses for a profit in is Legacy Dunes and even that’s not what it used to be anymore.  Legacy Dunes used to be a nice little gold nugget buried away within Kissimmee that investors were cashing in on but word quickly spread and the inventory has dried up. You’re competing against dozens of other investors trying to do the same thing and as the higher you have to bid to get the property the lower your profit margin falls.  The best quick flip properties are bulk packages that are generally purchased by investor groups.

Read Also: Legacy Dunes Being Flipped For a Profit On Ebay

3. For a Beach Getaway
I know this sounds obvious but you would be surprised how many people contact me because they want a beach retreat and think the prices in Orlando are great.  Nine times out of ten those people leave very dissapointed when they realize that a one hour and fifteen minute drive is not exactly around the corner. It doesn’t sound like a long drive but if you plan on hitting the beach every day on your vacation than you may really want to consider the west coast of Florida as a better choice.  Orlando is not known to be a place to visit for the beach, it’s known for Disney and all of the other attractions.  The beach just happens to be an option for many, then again for those of you that don’t even live a days drive to the beach an hour and fifteen minutes may be the best thing since sliced bread.

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3. Everything You Need To Know About Legacy Dunes Condos in Kissimmee & Why They are So Cheap!

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