All Forum Posts by: Mike Shulman

I feel that most properties with in 30 minutes of Disney with good amenities and beautiful or themed decor will be successful. The closer to Disney the better. 

Are you planning to finance and if so what would your terms be like. Hard to calculate cash on cash return if I don't know if you're purchasing all cash or financing.

I wouldn't be concerned that either is zoned exclusively short-term rental, they would be foolish to buy a property for a premium and then long-term rent. Short-term rental all the way or it's time to sell. Between the two communities Windsor Hill is typically more appealing to the family is going to theme parks based on its location. Champions gate is further out and I feel like it's more for a snowbird style owner. Champions gate also has quite a few different communities and builders within it. Are you looking at the Del Webb properties?

Wow, those are some hard #s to hit. I purchased a house in 2015 and I got a smoking hot deal on it. I'm Airbnb it now and also killing it. But based on my 2015 price and rent today, I just hit those #s. Where are you finding deals that can pull that off. I might have to switch markets.

Jordan, I'm pretty familiar with it, it's a hodgepodge of where it's allowed and not. Very small little sections. Send me a PM and we can go over it if you like.

What's your budget?

As other have said. It shouldn't be a challenge to get in to view the properties. I am a realtor and own 6 str properties. My average booking is 4 days. That means every 4 days there is a block of time between 11am and 3 pm that my cleaners are there getting the place ready for the next guest. that's the time your agent should get in to see it and do a video. If you like it you put in an offer and fly down to check it out within your inspection period. That's a negotiated time to have the home checked out , it's usually 7 to 15 days. I have sold hundreds of short term rental properties and I was able to view every one of them. I prefer to get my homes off market and avoid the bidding wars and over priced sellers. Off market accusations is the way to go as you have way more control. Good luck and let me know if you have any questions.

Multi-family is a tight market in the central Florida area. I currently own three and they were like looking for a needle in a haystack. You may want to consider doing a house hack and adding an ADU or convert the garage into a living space as the rental. This is a great way to add value and offset living expenses through a house sack without the expense of finding the multifamily property. If you want multi-family I suggest finding someone that is good at off market acquisition. Once they hit the MLS it's almost too late with something like multifamily.

Definitely larger nicer properties. I have a 4plex and a lake home. The lake house makes more and cost less to run. And the fact that it's less the a quarter of the work is a big plus. And you should easily be able to make $8k a month from one house is you buy right. Well, at least in my market you could.