UK investor Orlando real estate

[Graham Bates]

Hi,

I am based in the UK and interested in buying a 2/3 bed condo/ house to rent out in Orlando or elsewhere in USA.

I have seen some properties in Orlando and although the prices have risen a bit recently, they are still pretty low. I wouldnt want to rent the place out for holidays, just on long term rentals. Some places are advertised as tenanted/ rent guaranteed... But does this just mean the agent may give you a few months rent but then the place is empty?

Are places in Orlando easy to rent out on a long term lease, or is this a hard area?

Many thanks

[Joseph Ball]

You have some excellent resources above. I find Orlando has the advantage of higher rents, lots of customers, but high acquisition costs. I stay in smaller nearby counties, with slightly lower rents, smaller tenant base, but lower acquisition costs. I think there is less turnover in small towns. I am a wholesale buyer and I specialize in these smaller towns. Sometimes, I can buy almost two houses in smaller towns for the price of one house in Orlando. You may find greater appreciation potential in Orlando. You may also find it faster, easier to sell in Orlando. Orlando is presently a Seller's Market, in my opinion. 

Each has its advantages.