Opinion about Orlando SF Property?

Hello,
I am planning to buy SFH in Orlando area near Disney. Based on internet research, it looks like that you can find some really good deals right now.
Is anyone on BP nation having recent experience or interest in that area?
I looked at numerous properties on the net and this weekend planning to go there and check out some properties and area in person. I am also planning to attend CFRI Poker charity on Sep 26th night to do some networking.
I would be more than happy to use the services of BP members (agents, mortgage brokers, real estate attorney, Title Company) for mutual benefits.
Any suggestion about the area and general market condition in Orlando will be much appreciated.
cheers
Nil

Edited: 06/26/2010 at 09:45AM

Jon Klaus

Real Estate Investor · Dallas, Texas

2431 posts
48425 Influence
14 Awards

Icon_minipost Sep 19 '09, 12:38 AM

Nil is this for you lo live in, or a rental, or ...?

What kind of prices are you seeing? For what type house? What would or are they renting for?

Generally speaking, I'd think near Disney is great, and if you can buy for less than ever before, I'd keep moving forward.

Edited: 06/26/2010 at 09:45AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

4293 posts
43789 Influence
15 Awards

Icon_minipost Sep 19 '09, 12:52 AM

I also like FL and Orlando will come back,imo. Do a lot of research before pulling the trigger. Rich.

Edited: 06/26/2010 at 09:45AM

Nil K

Real Estate Investor · Florida

24 posts
196 Influence

Icon_minipost Sep 19 '09, 01:03 AM

John,
It will be for my and my friends' use mainly since the market right now there is flooded with ST rentals. So no big hope in that area but I will try to rent it for few weeks if I will find some good property management. I am buying there mainly for future upside potential and my personal use.
I am finding tons of nice SF homes in range of 75k-150K in move-in condition some even with pool. If you are lucky, you can rent them at $850-1000 per month for Lt and $75-125 per night for short term.
It will never pass 50-2% rule for sure. Those houses were sold at their peak 2-4 times than it is right now
Hopefully I will be able to know more details and ground realty next week when I will visit the area this weekend,
cheers
Nil

Edited: 06/26/2010 at 09:45AM

Nil K

Real Estate Investor · Florida

24 posts
196 Influence

Icon_minipost Sep 19 '09, 01:12 AM

Rich,
I am aware that you are also betting on Florida since you moved there few months back and bought some property already but in SW. Any first hand experience in Central Florida?? Also specific which areas should I do more research (crime, neighborhood, price??)? Any suggestion from you will mean a lot to me.
Cheers
Nil

Edited: 06/26/2010 at 09:45AM

Stephanie Tautkus

Real Estate Investor · Seligman, Arizona

23 posts
1619 Influence
4 Awards

Icon_minipost Nov 05 '09, 09:26 AM

What did you find on your visit?

Edited: 06/26/2010 at 10:24AM

Bienes Raices

· Orlando, Florida

1933 posts
12916 Influence
9 Awards

Icon_minipost Nov 06 '09, 10:18 AM

I'm looking on the east side of orlando, so I don't know the disney market well. As you mentioned, I'd be careful since there's a glut of rentals in that area. I've heard there are some good deals in metrowest and Poinciana right now too.

Edited: 06/26/2010 at 10:25AM

Stephanie Tautkus

Real Estate Investor · Seligman, Arizona

23 posts
1619 Influence
4 Awards

Icon_minipost Nov 09 '09, 07:57 AM

Thanks for the info. I'll check into Metrowest area. Poinciana way too far away for me.

Edited: 06/26/2010 at 10:27AM

Bienes Raices

· Orlando, Florida

1933 posts
12916 Influence
9 Awards

Icon_minipost Nov 10 '09, 07:29 AM

Originally posted by StephanieT

Thanks for the info. I'll check into Metrowest area. Poinciana way too far away for me.

yeah, Poinciana is kind of out in the sticks.

BTW, metrowest is safer crime-wise if you stay west of hiawasee road, although there might be some better cash flow rentals east of hiawasee. Kirkman Road is a pretty dubious area.

Edited: 06/26/2010 at 10:28AM

Eddie Ziv

Real Estate Investor · Studio City, California

1803 posts
12555 Influence
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Icon_minipost Nov 10 '09, 07:46 AM

Watch out for those Chinese drywall.... :wink:

Edited: 06/26/2010 at 10:28AM

Eunice Anne

2 posts
-2 Influence

Icon_minipost Feb 14 '10, 05:59 PM

Hi.. what type of house would you like to rent or buy? For me, Orlando SF is a good place to live. It has a lot of amusement attractions and a great place for tourists and residents as well.
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Edited: 06/26/2010 at 11:39AM by Moderator : link in signature, please