I've been getting a lot of inquiries on Legacy Dunes this past week from investors that are just looking for a solid, inexpensive investment in the Disney area. Many of the investors who are buying property in here don't have any intention of using it for short term. Some plan on renting it for a year and then trying to flip it, some just want to rent it full time and live in it for retirement and some are just buying it because it's cheap and they will figure out the details later. Whatever the case may be there is one thing that is certain. . .
If you plan on investing in a Legacy Dunes condo in Kissimmee you can plan to pay above asking price!
The comps don't lie. I've comped out every sold condo recorded in the MLS for the past six months and % of them sold for over asking price. Some were a mere thousand over asking and some were as much as $16,000 OVER ASKING PRICE! What this tells me is that if people are willing to continuously pay over asking price for these condos that our market has absolutely hit a rock bottom and the comps are reflecting that. 
Legacy Dunes Bank Owned Condos For Sale
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Regal Palms Clubhouse in Bing Birds Eye View Trying to find the perfect vacation rental investment from thousands of miles away can often become a very frustrating task. Homes might look great in the pictures online but what does the surrounding area look like? If you’re not utilizing at least one of these five free mapping tools listed here than you you may be in for a huge surprise when you arrive here in Orlando for your property inspection trip. 1. Bing Birds Eye View: Birds Eye View from Bing is one of my favorite free mapping tools on the market. It’s so easy to use and gives an very clear picture of not only the home but also the surrounding area. It also offers an ariel/satellite view which is similar to what google has. 
As if I haven't pounded this into the heads of my readers enough already here I go with a video tutorial to make this even more clear. You must research a vacation rental investment before you purchase it, two of the most important things you want to know up front are
1. What is the rental potential of this property?
2. What type of rates can I generate?
In my up and coming ebook I go into this subject in EXTENSIVE detail with spreadsheets and videos but for the sake of keeping this simple, short and sweet I've created this quick little tutorial on how to quickly use VRBO to check the booking and rental rates of an Orlando vacation rental. This method can be used for any vacation rental property listed for sale. All you need to know is the neighborhood name and the general stats of the home (beds and baths)
Here is a link to the exact property I used as an example in this video Here is a link to the example listing I used on VRBO
Dont forget to get our FREE REPORT "Top 20 Most Critical and Frequently Asked Questions About Buying an Orlando Vacation Rental Investment".
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There is so much that goes into buying the perfect Florida vacation rental home. Many people think that it's as simple as just jumping online and browsing for Florida homes. Though that's not a horrible place to start it absolutely shouldn't be the first place. Florida vacation rental homes are a very specialized niche and understanding that fact will help guide you down the right path that will save you the most time and money. One of the major factors that play a huge role in choosing the right vacation rental home in Florida would be neighborhood research. In my ebook "Everything You Wish You Knew Before Buying a Florida Vacation Rental Home" I go into all the steps in great detail but for the sake of keeping this short and sweet I'm going to touch on this very important subject.
Search Thousands of Orlando Vacation Rental Homes For Sale Here
Is The Potential Florida Neighborhood a Vacation Rental Hot Spot?
Much like hotels the Florida short term rental vacation home industry has a reputation. Anyone who has been to Florida and stayed in a vacation rental home understands the importance of staying in a neighborhood that caters to vacation home renters. If you are looking to purchase a home that will actually rent out to guests than the first thing to want to do is check out which neighborhoods rent the best. There are many different ways to do this but one of the easiest ways is to hop on Trip Advisor and start researching what people are saying about some of the local vacation rentals. You can get a good idea of what some of the more popular vacation rental neighborhoods are just by reading the reviews. You'll start to see some of the same neighborhood names pop up over and over.
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Top 20 Most Critical and Frequently Asked Questions About Buying and Owning an Orlando Vacation Rental Home
What do Chuck Norris and Orlando vacation homes have in common? Everything of course. For example, If you have five dollars and Chuck Norris has five dollars than Chuck Norris has more money than you and will most likely outbid you on a property. The first lesson to learn here is that Chuck Norris gets things done and he gets them done fast. No title company, mortgage company or lazy Realtor can stand up to his roundhouse kick in the face so that being said lets get right into this and see what Chuck can teach us about closing on an Orlando vacation home in under 30 days.
Chuck Norris Does Not Get Frostbite. Chuck Norris Bites Frost
If you don’t want to be stuck spending your winter in what feels like the trenches of Antartica than make sure you have all your financing in place before you start making offers on any Orlando vacation properties (unless you bite frost). If you’re paying cash, make sure it is liquid and ready to be wired into the title company’s escrow account on the day of closing. I have had situations with clients who said they were paying cash however, still had to have the money cashed out of their home. This usually happens when a person is using either a home equity line of credit or is in the process of doing a cash out refinance on their primary home. This is not a bad thing but if you are shooting for a 30 day or less closing it can definitely hold it up. If you’re taking a mortgage than the whole pre-approval process needs to be done, even get as far as requesting a loan commitment with contingencies. Then you know exactly what the lender needs to move forward.
Your Central Florida Vacation Home Expert. Specializing in second home income producing investments for customers from all over the globe.
Hello! Buongiorno! Hola!
My name is Erica Muller and I'm a proud resident of Windermere, FL which is located about 15 minutes from the back entrance of Disney. What a magical place to live and raise a family! I've lived in Florida for over 25 years and have been practicing real estate here since 2002, specializing in vacation home investments for foreign nationals and out of state customers. I love to work with customers from all over the globe, I learn something new from each and every client and form solid relationships for life.
My specialty areas are from Windermere/Winter Garden south to Davenport and the Kissimmee areas. I work mainly with foreign national investors looking to purchase a second home near Disney World for either holiday use or investment. I also work with out of state investors and families looking to purchase a vacation home in Florida.
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