Orlando real estate investing

[lovfl]

Besides making mortgages very hard to get now and all the foreclosure people out there, needing to rent, I think a long term rental would be very successful.

[orlando2012]

I agree. So people who have cash and/or with good credit, should borrow and buy. It is an environment rich get richer. Eventaully, job will be back with inflation.

[rothesay]

Some segment of the market will recover sooner than others. I think the investor owned properties during the boom, the ones where the owners were the first to walk away will recover first. I think most of those properties are already flushed out of the system.

When people talk about shadow inventory, it is often those who are previously or currently home owner occupied, where the owners were/are fighting to stay as long as they could in the house rent/mortgage free. So this segment of the market will probably take the longest to recover, as short sales are foreclosed properties will probably have to get flush out of the system before we see any realistic gains. However, I can see that "when" the market fully recovers, and unemployment figures goes down, this is the segment that will probably bounce back the hardest.

Like what the previous poster said, probably right now is an environment where the rich will get richer, assuming they are willing to take risk. Though, there are probably a lot of people sitting with cash on the sideline waiting for the market to drop further.

[BrokerJohnny]

Personally, I wouldn't invest in short term rentals. I've helped one of my clients obtain several long term rentals and he is doing quite well with them. I have tried to get him to list them and resell them, but he insists on keeping the cash flow.

[french paris]

I think that Miami is better

[AONE]

Both short term and long term can do very well. but few people working short term make the right decisions. For the general rule, long term is a better bet. I have many properties I've bought for clients and quite a few I manage that they do well with.

It is much better when a buyer is working with cash. they should make the best choices for areas vs budget and work other aspects to benefit fully.

Unless you really know what you are doing with short term, stick to long term. I have a limited few clients that do great with Short term., Most do great with long term. (8-15% return)

Hope that helps.

[sillyleo]

Slightly off topic but I just did a search on a different topic and stumbled upon a post from 2007 where a poster stated something along the lines of "now is the time to buy as prices in the Orlando area have hit rock bottom." Had prices even really started to decline at all at that point? Anyway, sorry to go off topic I just thought it was "funny" and I know a lot of real estate people posted on this thread.

[annerk]

Originally Posted by sillyleo

Slightly off topic but I just did a search on a different topic and stumbled upon a post from 2007 where a poster stated something along the lines of "now is the time to buy as prices in the Orlando area have hit rock bottom." Had prices even really started to decline at all at that point? Anyway, sorry to go off topic I just thought it was "funny" and I know a lot of real estate people posted on this thread.

They had begun to decline but hadn't hit rock bottom by any means.