Just a reminder that not all houses in Central Florida can be used as short term rentals. I live in Kissimmee and we are NOT zoned for short term rentals in my area. If you are specifically buying to rent them out, check HOA Bylaws, city and county regulations.
All of the layoffs we will have in the coming months will create downward pricing pressure and turn a strong sellers market into a buyers market. Buyers need to sit back and wait 10 to 15 months. The waiter at the restaurant lost his job a few months ago does not effect the housing market but the restaurant owner going out of business this winter will effect the housing market. Don't rush into a burning hot market. Sit back and wait and always remember, the one who wants the deal the worst, gets the worst deal.
Yah. I'll wait. The trickle down effect of Covid is definitely changing the world permanently. Not for the good. The last thing I personally want is vacation rental property anywhere. We will buy next year for a second home but again the number of rental properties for sale next may be considerable. I hope not. Expect more downward economic behavior.
Right. No one would want this to happen in their own neighborhood, but it’s the nature of the market. They aren’t asking you to buy into a STR to actually live there ...these communities have been zoned for this purpose. You can live there if that’s your thing but you have to expect exactly what you mentioned as a concern. That’s the way I look at it anyway.
@@GAN-0 Ah that makes sense if that sort of thing is allowed in certain areas and for sure wouldn't want to move in one. In the UK we don't have that sort of system
Love the subject matter. We are in the market to buy a vacation home in the area in the next twelve months, to use as a snowbird home. This helped us a lot. 🇨🇦
In the future, please discuss what specific areas between Disney & Universal you would recommend to purchase a home in for a short-term rental investment property? Thanks guys.
If you have extra money its great to get another property as long as you can financially hold onto it.in time the jobs will come back and economy will be up .if i had extra money i would by a bunch of houses ..😉😉😉
