Investing in Real Estate
Are you thinking of buying real estate in the Orlando area? Ever thought about owning your own vacation rental? Let us help you find your dream home. When we assist you, we try to get you a good house with potential. It's easy to sell a house, but it's hard to find a good one that meets the criteria people are looking for these days. When we go out with a potential buyer and look at houses, we always ask ourselves: "Do we want to rent this?" That probably tells you something about how picky we are. But we try to get you a good house!
When it comes to revenue, we also tell you the truth. Don't expect to get rich. When you break even at the end of the year, you're doing good. When you make a decent profit, you're doing fantastic. It's just our nature to be honest and not tell you what you want to hear.
Did we disappoint you? Hopefully not. We just want to protect you and help you make the right choices. Now that we've put you back on the ground, it's worth noting that investing in real estate still gives you a better return than leaving your money in the bank at 0.XX percent.
Short-Term vs. Long-Term Investment
When it comes to investment properties, you can choose between short-term and long-term rentals. Both options have their own benefits.
Long-Term Rental
Pro: Steady (lower) income, even when the economy dips.
Pro: Low maintenance expenses (furniture, household goods).
Pro: Utilities are usually paid by the tenant.
Con: You can't use it yourself as a vacation home.
Short-Term Rental
Pro: Higher gross income compared to long-term (double, triple, or more is normal).
Pro: You can use it yourself.
Con: Owner pays for utilities, furniture, decoration, and replacements.
Con: More risk when the economy dips.
If you're interested in talking more about investing in real estate in Orlando, just give us a call or send us an email. We're more than happy to help you make your dream come true.
Contact
Ron Biegelaar, Realtor®
Homes of America Realty Group
17445 US Hwy 192, Suite 15
Clermont, FL 34714
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