All Forum Posts by: Mike Shulman

I have conventional financing on them so they are my personal name

Unfortunately, the new park was put on hold. Ill the staff designing it was let go. Not going to happen by 2023. But Orlando is still a great place to run short term rental in. I have 5 of them and they are still doing well. 

Crazy thing is a lot of these Airbnb are just as successful as they were before the pandemic. I'm in Orlando Florida and my Airbnb is doing just as good if not better. There are a lot of people that still want to travel and they're choosing to stay somewhat local where they could drive. People are also more comfortable with the concept of an Airbnb over Hotel because they're around less people. I'm sure there will be properties that fall into a distress situation. But I don't think we'll see the foreclosures from that for roughly 12 months.

@Richard Granja 

what part of Orlando would you like to purchase it in? What's your price point?

Do you have the link for the wholesaler's website? Id likes to be added to there list. 

I have a few multi families in Central Florida. Quadplex, Triplex, and duplex.

What was the address. I'd like to check it out. I'm in Orlando 

In order to get capital gains tax exemption for owning a home as a primary residence for 2 years does that home need to be Homestead? I have a more expensive property that I'm moving out of when I'd like to leave at Homestead because it's been in Homestead for years when the taxes would jump a lot. I will be living in the new property but didn't plan to Homestead it. Will that affect my ability to sell it in two years and claimed it was my primary residence? The only thing I have showing I live in the property is a power bill. Any advice would be

I'm in Orlando and have done a house hack. How can I help you?

Hello Bie,

Your one and two choices are both great options. As long as you don't mind renting to college students. There's over 60,000 students in the UCF area, second largest college campus in the country. There's pros and cons that come with renting to college students. They are very transient and will typically only stay for one year. They're also a little bit rougher on your home. On the positive side, There is a huge influx of new tenants year after year and the school continues to grow.

as long as you find the correct deal and by right you should do great in East Orlando.

My recommendation would be buying a beat-up home And put a little TLC in it. I got wholesale deals often in this area. Let me know if you'd like any assistance.