All Forum Posts by: Robert Geibel

Market continues to be hot. Supply exploded in STR since covid. Are there still good returns or too saturated?

@Christy Flora no he is saying the 5 bedroom was projected 10k less than the 6 bedroom. Even though they are right next door the projections can be different based on the bedrooms. In that focused area, there are a lot of 5 bedrooms so the 6 bedroom houses do better. Hope that helps clarify. 

@Shawn McCormick Ah ok yeah well that's good to know. Yes please send over a couple recommendations, especially if they work/do loans in that area so they are familiar with the communities. The lender I am using now has not been the best. Thanks
 

@Shawn McCormick Thanks so much for the feedback. Yea it seems the bigger homes have the better opportunity for better returns especially if you truly do a good job theming and making the stay a great experience. Then to your next point, just getting an offer accepted is the next challenge so I will definitely look into it further. The SFHs can be financed with 10% second home loans right?

@Ryan Moyer Thanks for the feedback. I do agree I think there is a lot of potential to stand out. I was thinking a condo/townhouse to keep my purchase price lower but if there is more potential in the bigger houses I will consider that. Is there that much demand for the bigger houses? 

Also, if anyone is open to teaming up and doing STRs in that area, let me know. 

Hi Everyone,

I am looking to invest in a Short Term Rental near all the attractions in Orlando. I was looking at Vista Cay but the prices are just so high for the rates that they get. The other communities that peaked interest was Encantada, Windsor Hills, Magic Village and Storey Lake. I think the closer to Disney the better. Would love to hear thoughts on someone buying very recently as I feel with the appreciated asking prices the rates/night for these units aren't going up much to accommodate. From the research I've been doing, cash flowing seems to be very difficult. I am wondering if I am looking at something wrong or need to consider other types of communities/properties. Thanks in advance. 

@Patricia Lowe I've been looking into this community as well. The properties are gorgeous with amazing furniture and space. The main concern is that if you don't use the management on site, the fee is $100 for the whole unit to use the pool and gym. I feel people like to have access to the pool but they may only use it a day or 2 while staying. The other side is that it is so close to Disney/ can sleep many people and most have a bedroom on the first floor so it's a great set up. Do you believe it will cash flow though at the current asking prices?  I talked to an agent and they said they average closer to $150 a night. I feel that is so cheap for a big nice unit like that. Thoughts?