Great video! Could you make more content about investing? I am looking to invest in Orlando and its always very helpful to get information from people that actually work in real estate and have experience in this area.
Hi Ken, thank you for providing the facts on RE Investing. Much of the enthusiasm for people running to the Orlando area (or any area) to invest is the 'making money hand over fist' soundbites on social media. I like very much hearing what you consider a good return on long-term investment. It's always been a head-scratcher for me when I hear of a 'great cashflow RE investment'. Sometimes the numbers sound crazy to me. Enjoy today!
can you do a video on duplex, 3-plex, 4-plex and commercial property in B areas, an apartment house, I have some in other parts of the country but I live here now
Ken If possible bring in some other experts to talk about how an investor would want to own rental property... Own rental property in a Trust or LLC? What are the pros and cons for each.
Hi Ken, thanks for producing these excellent videos. I heard that Orlando is going to be forcing owners to make energy efficiency improvements to their properties starting this year. Do you know how much this will cost the average homeowner?
Hey Ken, I think you’re right if you use a property manager you’ll be lucky to break even for short term rentals. But I do know people who own in Kissimmee that do quite well because they self manage. A friend of mine owns a property and is on track to net 50k - 60k this year. I think what it comes down to is not using a property manager and treating this as a more active investment. I own short term rentals elsewhere in the state but have been looking at the Disney market. If you theme the property right and market it well, I believe there is still money to be made. Great video btw, love your content!
So many social media real estate gurus go on and on about short term rentals printing cash around Disney. The market is super saturated and with property prices still climbing, you’re totally right about breaking even on a STR being considered a win!
I don’t know what you mean about playbook, but the real issue I see here is that many investors are flush with cash after a massive run up on the stock market, so they’re buying into real estate to diversify, which is pushing out the little man. Also Wall Street is very bullish on real estate right now. Makes it tough for everybody
So you’re telling me Orlando/Kissimmee is not a good area for STR? You’re actually the first realtor to say that. Because a lot of investors are having a good amount of cash flow.
There's STR everywhere. And if you self manage, you can make money. If you use a manager...most likely not. There are some situations where you can use a hybrid self manage/book and someone else who handles repairs and cleanings. That could also net some cashflow.
investors, reason I having such a hard time finding a condo to purchase and lived in. Every time I ask whos got the offer accepted, ohh someone who wants to just rent it as an investment. :/
@@kenpozek ohh yeah then that makes even more sense, I had an offer on a studio and it wasn't accepted becase a different " buyer" change its mine on an already pending unit he was buying and decide the studio was more rentable.
10% down and an investment property? Which bank? Unless you're lying to the bank, saying it's a primary, and then renting it our Airbnb (which is fraud) I don't know of any banks giving a 10% down investment loan. You COULD self manage and make money. Most dont.
@@kenpozek Fannie Mae allows you to rent out your second home as long as you 1) stay in the unit 14 days or more and 2) maintain control of the property and don't put a lease or a contract on it (i.e. self-manage). I had to actually send a copy of the Fannie Mae policy to a lender when I was applying a couple years ago.
@@kenpozek Thanks, Ken. I guess Fannie didn't update their website yet. Their Eligibility Matrix still says 10%. That or they are placing limits on the available number of 10% second home loans. If I remember correctly, last year one of my banks didn't offer any second home loans while another bank only offered second home loans with adjustable rates.
Great video! Could you make more content about investing? I am looking to invest in Orlando and its always very helpful to get information from people that actually work in real estate and have experience in this area.
I’ll probably sprinkle it in a little bit, but if you want to reach out, we’re happy to walk it on the path.
Hi Ken, thank you for providing the facts on RE Investing. Much of the enthusiasm for people running to the Orlando area (or any area) to invest is the 'making money hand over fist' soundbites on social media. I like very much hearing what you consider a good return on long-term investment. It's always been a head-scratcher for me when I hear of a 'great cashflow RE investment'. Sometimes the numbers sound crazy to me. Enjoy today!
can you do a video on duplex, 3-plex, 4-plex and commercial property in B areas, an apartment house, I have some in other parts of the country but I live here now
Ken
If possible bring in some other experts to talk about how an investor would want to own rental property... Own rental property in a Trust or LLC? What are the pros and cons for each.
Hi Ken, thanks for producing these excellent videos. I heard that Orlando is going to be forcing owners to make energy efficiency improvements to their properties starting this year. Do you know how much this will cost the average homeowner?
This is my favorite video yet! That was so spot on. Great video.
You help so many of our clients kill it at the investment game!
Hey Ken,
I think you’re right if you use a property manager you’ll be lucky to break even for short term rentals. But I do know people who own in Kissimmee that do quite well because they self manage. A friend of mine owns a property and is on track to net 50k - 60k this year. I think what it comes down to is not using a property manager and treating this as a more active investment. I own short term rentals elsewhere in the state but have been looking at the Disney market. If you theme the property right and market it well, I believe there is still money to be made.
Great video btw, love your content!
Great vids! What are your thoughts on the Parramore area? Do you feel there will be more development in the next 5-10 years?
There has to be! That whole area around it is growing and prime for development. They need to think about affordable housing though.
What about the housing bubble bursting?
Excellent video 👌🏻
Very informative 👌🏻
Thank you Ken.
So many social media real estate gurus go on and on about short term rentals printing cash around Disney. The market is super saturated and with property prices still climbing, you’re totally right about breaking even on a STR being considered a win!
Ken, is this a playbook for creating a rent / housing crisis (or making it much worse)?
I don’t know what you mean about playbook, but the real issue I see here is that many investors are flush with cash after a massive run up on the stock market, so they’re buying into real estate to diversify, which is pushing out the little man.
Also Wall Street is very bullish on real estate right now. Makes it tough for everybody
So you are saying if I were to get an ABNB there and use a property management company I would be lucky to just break even?
Correct. This is the case 90%+ of the time.
So you’re telling me Orlando/Kissimmee is not a good area for STR?
You’re actually the first realtor to say that. Because a lot of investors are having a good amount of cash flow.
There's STR everywhere. And if you self manage, you can make money. If you use a manager...most likely not. There are some situations where you can use a hybrid self manage/book and someone else who handles repairs and cleanings. That could also net some cashflow.
great content!
investors, reason I having such a hard time finding a condo to purchase and lived in. Every time I ask whos got the offer accepted, ohh someone who wants to just rent it as an investment. :/
Very true. There’s also a massive corporations like Blackstone buying up houses by the hundreds
@@kenpozek ohh yeah then that makes even more sense, I had an offer on a studio and it wasn't accepted becase a different " buyer" change its mine on an already pending unit he was buying and decide the studio was more rentable.
You can buy a property for Airbnb with only 10% down. You can self-manage your rental and make a profit.
10% down and an investment property? Which bank? Unless you're lying to the bank, saying it's a primary, and then renting it our Airbnb (which is fraud) I don't know of any banks giving a 10% down investment loan. You COULD self manage and make money. Most dont.
@@kenpozek Fannie Mae allows you to rent out your second home as long as you 1) stay in the unit 14 days or more and 2) maintain control of the property and don't put a lease or a contract on it (i.e. self-manage). I had to actually send a copy of the Fannie Mae policy to a lender when I was applying a couple years ago.
@@TechQuentin 100% agree. That said, you can't get second home loans for 10% down anymore. This changed last month.
@@kenpozek Thanks, Ken. I guess Fannie didn't update their website yet. Their Eligibility Matrix still says 10%.
That or they are placing limits on the available number of 10% second home loans. If I remember correctly, last year one of my banks didn't offer any second home loans while another bank only offered second home loans with adjustable rates.
Looking to sell a home in Windermere for 1mill are u interested?
Hey of course! Email me info@pozekgroup.com
Orlando is big bubble now
So much more Orlando disaster is on the way!!