Guess its better than the alternative

Anyhow have thought off and on over the years about buying a home in
florida around disney and renting it out for summers, to pay its
expenses and ave a future retirement home all paid for. Nice investment
too

Any good web sites that discuss this?

Got the idea after renting condos over the years in kissimee. The
agency who handled the rental said thats what the owners were doing.

Our home is paid for largely out of debt its a interesting idea.

I HATE winter and would love to move to florida someday. DONT want to
sell here till I KNOW I want the new location!!!!!!

I am sentimentally attached to our home having lived here since 1972,
heck I still drive by our old home...........

anyone do something like this?

wrote in message
ups.com...
Guess its better than the alternative

Anyhow have thought off and on over the years about buying a home in
florida around disney and renting it out for summers, to pay its
expenses and ave a future retirement home all paid for. Nice investment
too

Any good web sites that discuss this?

Got the idea after renting condos over the years in kissimee. The
agency who handled the rental said thats what the owners were doing.

Our home is paid for largely out of debt its a interesting idea.

I HATE winter and would love to move to florida someday. DONT want to
sell here till I KNOW I want the new location!!!!!!

I am sentimentally attached to our home having lived here since 1972,
heck I still drive by our old home...........

anyone do something like this?

A friend has done this with a lake house and made out like a bandit on the
sale of the first one. The second isn't doing as well. A couple of factors
that have influenced it over the years are the pace of the economy and the
glut of these properties on the market. They have had to deal with damage
done by tenants, traveling for hearings against tenants, added charges and
demands for additional services by the managing realtors and a few that I
don't recall right nowl. It's not a cake walk but it can be pretty
profitable if you have the right temperment and know what is possible in the
future.

clipped

anyone do something like this?


A friend has done this with a lake house and made out like a bandit on the
sale of the first one. The second isn't doing as well. A couple of factors
that have influenced it over the years are the pace of the economy and the
glut of these properties on the market. They have had to deal with damage
done by tenants, traveling for hearings against tenants, added charges and
demands for additional services by the managing realtors and a few that I
don't recall right nowl. It's not a cake walk but it can be pretty
profitable if you have the right temperment and know what is possible in the
future.


I would be very leery of renting out a property far from home. Florida,
at least near me, is turning into a buyers market because all the
flippers ran up prices and can't unload them. If you buy a Fl property
owned for some time as a homestead, you may have a shock when you see
your first tax bill, and you won't get a homestead exemption if you
don't live there. Another rising concern is insurance. Elec. going sky
high. Our taxes are around $1500/year. Another unit in our building,
exactly the same but on second floor, is over $7,000 because the taxes
can't go up more than ?3%/year but when it is sold the sky is the limit.
The other unit is a rental, so doesn't qualify for homestead.

There is a highrise condo, across the street from where we go out to eat
often. About 12 story building, full city block. Noticed that after
dark there are never more than 3 or 4 apts. with lights on. Went to the
county tax website to look up owners' addresses, and found almost all of
those I looked at live out of town or out of state. Nobody LIVES there,
apparently )

People have been tearing down older condos left and right, three within
two blocks of us. All of a sudden, the building boom seems to have
ground to a halt. The lots are growing green stuff, but it isn't money
)

When the folks who bought into $2,000,000 condos on the beach find out
they can't get out on weekends because of traffic, they'll probably be
adding heliports ) City sold 500 public parking places to make the
beach prettier (losing $1,000,000/year in revenue) and even with those
spaces there isn't enough parking. Duh?

On 3 Sep 2006 06:05:56 -0700, "
wrote:

Guess its better than the alternative

Anyhow have thought off and on over the years about buying a home in
florida around disney and renting it out for summers, to pay its
expenses and ave a future retirement home all paid for. Nice investment
too


You'd pay the thing off about 4 times as fast if you
rented it out in the winter, instead....

In article ,
Goedjn wrote:

On 3 Sep 2006 06:05:56 -0700, "
wrote:

Guess its better than the alternative

Anyhow have thought off and on over the years about buying a home in
florida around disney and renting it out for summers, to pay its
expenses and ave a future retirement home all paid for. Nice investment
too


You'd pay the thing off about 4 times as fast if you
rented it out in the winter, instead....

Would that also hold true in the Orlando area? I would think that
other than maybe Christmas-New Years and Spring Break, it would be less
seasonal than the rest of FL.
One of the major concerns with FL is being able to get insurance.
Allstate, for instance, isn't writing hurricane insurance any more and
they are getting REAL picky even on plain vanilla homeowners. Plus the
price increases when available. Plus, at least when I looked into it a
couple of years ago, something like 20% deductibles. Even Condos are
seeing the pinch of the increasing costs.

Kurt Ullman wrote:
In article ,
Goedjn wrote:

On 3 Sep 2006 06:05:56 -0700, "
wrote:

Guess its better than the alternative

Anyhow have thought off and on over the years about buying a home in
florida around disney and renting it out for summers, to pay its
expenses and ave a future retirement home all paid for. Nice investment
too


You'd pay the thing off about 4 times as fast if you
rented it out in the winter, instead....

Would that also hold true in the Orlando area? I would think that
other than maybe Christmas-New Years and Spring Break, it would be less
seasonal than the rest of FL.
One of the major concerns with FL is being able to get insurance.
Allstate, for instance, isn't writing hurricane insurance any more and
they are getting REAL picky even on plain vanilla homeowners. Plus the
price increases when available. Plus, at least when I looked into it a
couple of years ago, something like 20% deductibles. Even Condos are
seeing the pinch of the increasing costs.

orlandos BUSY time is june july august thanksgiving christmas thru new
years easter break. prime $$$ times none of which interest me.

I am a off peak person, january is ideal.

peak times are no fun for me.

so having a house rented when you DONT want to be there is ideal.

Talked to a park employee once he retired as a CFO chief fiancial
officer of a company.

sold everything and bought a big motor home, winters in florida summers
at yosemite. said it paid OK had little stress.

dsont know I would want to do THAT but he was interesting guy to talk
too.

wrote in message
orlandos BUSY time is june july august thanksgiving christmas thru new
years easter break. prime $$$ times none of which interest me.

I am a off peak person, january is ideal.

Will you stay there year round at some point? I've heard complaints about
traffic at many places in Florida, especailly when the old fold inch their
way tot he doffee shop in the AM. Of course, once you are one of the old
folks, you may not car to go above 15 mph anyway.


sold everything and bought a big motor home, winters in florida summers
at yosemite. said it paid OK had little stress.

If you are going to have weekly rentals for tourists, you need an agent that
is there all the time and they handle the stressful stuff for you. Will it
work for you? It can, depending on what your wants and needs are. If you
build your "dream home", it may not be such a dream home to retire to after
it has been used by renters for 15 years. If it is an interim vacation in
winter home, it can work very well.

BTW, if you think 50 is bad, what will you do at 60? I figure those decade
does give me some "rights" and "seniority" to be a PITA to anyone younger.
Age has some advantages.