HOW PROFITABLE IS TO INVEST IN REAL ESTATE IN ORLANDO VACATION RENTALS
WHAT ARE YOU WAITING FOR?
Disney World is one of the main destinations for family vacation from around the world. Every year Orlando welcomes more than 62 million guests, and more and more people are pursuing comfort and economy. The Real Estate market in Orlando have shown that vacation homes near Disney, shopping centers and all other famous attractions in Orlando have better prospective for the tourists decision. Having a Real Estate in Orlando, nearby Disney, it is a dream come true! And it can also be great investments.
HAVE ALREADY BOUGHT A HOUSE IN ORLANDO? DISCOVER HOW TO MANAGE
WHAT DOCUMENTATION IS NECESSARY?
The only necessary personal documentation to buy house in Florida is your passport and American VISA.
ANY FOREIGNER CAN FINANCE A REAL ESTATE IN FLORIDA?
Yes, just need proof of two years of employment proof (as employee, business owner or self-employed), updated Income Tax forms, tax returns, and monthly income three times higher than the monthly installment. The banks finance between 50 to 75 percent of the home, with interests of 5 to 6 % a year, through a period of 30 (thirty) years.
IS THERE ANY AGE RESTRICTION FOR A REAL ESTATE FINANCING?
Anyone who meets the economic requirements can apply for a mortgage.
HOW MUCH IN REVENUE MY INVESTMENT WILL GENERATE?
There are two venues of revenue: Real Estate Appreciation (between 2012 and 2014 the real estate appreciated about 8.5 percent per year) and, Rental Revenue (between 4 and 6% per year), already discounted all expenses.
CAN I USE MY VACATION RENTALS WHENEVER I WANT ?
Yes, if you schedule in advance. What cannot happen is to decide to use the house in the last minute and request a breach of the contract
GET TO KNOW THE GREATEST ORLANDO PROPERTY MANAGEMENT
HOW TO CHOOSE A QUALIFIED REALTOR?
CHECK OUR 7 TIPS AND MAKE A GREAT BUSINESS
Choosing a qualified realtor is the first step to achieve a good deal. Unfortunately likewise any other place in the world, in Orlando we have realtors that are less prepared and act with dishonesty. Check out our tips to help you find a qualified realtor in Florida:
CHECK OUT THE INFRASTRUCTURE OF THE COMPANY
Avoid realtors that schedule appointments in public places. Search for companies and professionals more structured.
BE AWARE IF THE REALTOR PROMISES YOU UNREALISTIC HIGH REVENUE IN A DETERMINATED REAL ESTATE
Ask the specialist to write it down everything they promised you. Many people bought houses believing in revenues over 10% per year, which they don’t exist. If the realtor denies write, getaway, the specialist is not being honest with you.
OBSERVE IF THE REALTOR USES GPS TO ARRIVE AT THE PROPERTY
It may indicate lack of experience or familiarity with the product, whom doesn’t know the product cannot give you precise recommendations.
ASK IF THE CONSTRUCTION COMPANY CHARGES YOU A BUILDER’S FEE.
Some construction companies embed fees of 1 or 2% of the real estate value in the contract. A qualified realtor must alert you about this fee.
CHOOSE ONLY THE BEST REALTORS TO REPRESENT YOU
All the houses for sale are included on the Realtors Association database. You only need to use the services of one realtor to have access to different properties. Be precise in your specifications and a qualified realtor will conduct you to the desired business. If you are not happy with the service, be clear and look for a second option.
IF YOU WANT OUR ADVICE, START WITH TOP OF LINE PROFESSIONALS.
We trust and recommend the realtors ofTalent Realtyconsidering their experience, honesty and professionalism. Talent Realty is one of the main realty companies in Orlando. Operating since 2010, previously intermediated more than 150 real estate business in Orlando and Miami.
SEARCH AFTER YOUR MAIN DOUBTS BEFORE MAKING ANY DECISION
Talent Realty website has the most complete FAQ about the purchase process in Orlando