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PLEASE HELP!! Need Suggestions for Orlando Investment Property with Negative Cash Flow? Hi Everyone, Was wondering if anyone has any suggestions for what I'm sure is a very common dilema. In 2006, I bought a 3 Bedroom 2 Bath Condo in Kissimmee, FL. I intended to use it as a short term rental for folks visiting Disney as well as a place for my family to stay once or twice a year on vacation. This is not my primary home. Here's the math and the reason I need your help. I paid $220k for it and have a Mortgage for $170k. It is now worth $120k. The mortgage is a 5/1 ARM that wont adjust for another 2 years. Currently fixed at 6.75%. My total Monthly expenses including mortgage, taxes, insurance, management fees, HOA etc for this condo is $1,875. I could not take in enough Short Term rental income to cover these expenses so recently I got a renter to sign a one year lease for $1,000/month. So my problem is I have a property that has wiped out a good chunk of my net worth because of depreciation, a mortgage that I can't re-finance because I'm upside down, and negative cash flow of almost $900/month. Can anyone suggest anything I can do to relieve the financial strain? The $875 negative each month is killing me and I'm barely able to afford much else. I am holding my head above water for now, have excellent credit, and have never missed a payment. Any suggestions would greatly be appreciated. Thanks and Happy holidays! Thanks for your Help Everyone! I could only get $1,000/month in rental because that was the market. The property is in the Seven Dwarfs Lane community and many many condo's are being rented in that range.

Orlando - property investment? Should I start looking for a house, a villa or a condo?? Can some one help me out on what is the best way to start out

Which is a good subdivision in TAMPA and ORLANDO Florida? I want to buy a house/Condo? Dear friends I am looking for a Condo / House in Tampa or Orlando. Investment Property. Price range in 150k - 175k and not more than 5 years old construction. Which subdivision I should look for ? Please advise.

costs with a florida investment property? I hope to purchase an investment propety in Orlando. I live in the UK. I will need to find a company to manage my property and do maintenance. What companies are available, and what are the fees like? Also, how much money a week can you expect to make with a 3 bedroom property?

My wife and i are interested in purchasing an investment property in Florida.? We are thinking of the Orlando area but don't know where to start as we live in Ireland. We see ourselves using the property for 2 weeks a year and would like it rented out for the rest of the year. Is buying on a resort a good idea? Will they manage the rental of the property? How much do the typically charge for maintanance? Ideally we want the rent to pay the mortgage. Any suggestions on the matter would be much appreciated.

Thinking about buying property around Orlando - thoughts on transport links? I am thinking about buying property around the Orlando area, as an investment but also for friends and family to stay in (possibly short term rental too) - I have stayed around Intl Drive a few times and am aware of the shortcomings of the transport systems in Orlando and surrounding towns. Anyone have any thoughts on areas or communities that might make it possible for non-drivers to access the main attractions through public transport (or even walking!) Interested on your thoughts everyone.

where is the best city to get investment properties? I wanted to know the best cities to buy an investment property some tell me orlando and miami beach are good any ideas?

Need advice buying a property in Orlando (Metrowest Area)? I am thinking about purchasing a 3br/2ba condo (in stone bridge apartment to be specific) for investment purposes. Since i am not from orlando, i need help figuring out if the property value can still go up in this area for the next 5 years, and how fast it is. Also, maybe you could give me other better areas/type of housing to invest on for me. The area needs to be 20 minutes away from metrowest though. Thanks in advance.

bying a vacation property in Orlando? hey all I was thinking of buying a vacation property in orlando and renting it out to vacationers. I found a couple of condos that are really priced low around walt disney and universal studies. Do you all believe this would be a good investment?

Is a condo hotel in Orlando, Florida a good investment? I really want to get onto the property ladder and I found a condo hotel that looks very promising. This actual Condo hotel that I am looking at is in pre-construction and will be finished in 2010. The development is expected to cost $850 million with a Broadway theater, spa, conference halls, restaurants and lots more My unit that has been offered to me is in the high $300's and I would have to pay 10% of that by the end of this year and then another 10% at the start of next year. Then I would have to pay the rest (80%) when the construction is finished in 2010. I was told that the condos will be going up in price in two weeks as the condos are selling out fast. So hopefully I could sell the condo hotel 2010 if it went up quite high for a good profit? It is a little over my budget but if I work very hard I could afford it. I was just wondering if a condo hotel in Orlando, Florida is a good investment as there are so many hotels in Orlando I am not sure. This condo hotel is is situated less than one mile from the entrance to Universal Studios, Orlando and only one-and-half miles from the brand new Orlando/Orange County Convention Center.

How can I offload my property without damaging my credit? I bought an investment property in Orlando Florida about 2 years ago. Initially invested $60,000 into the property and due to declining values property is now worth 170k, I owe almost 300k. I have 780 credit scores though my income has gone down from about 130k to 80k yearly. I have had no payments and am current with all 3 of my homes. Should I hold on to this property? I am paying $2,000 monthly and getting $800 from rent. Is there any way to give the property to the lender without damaging my credit? It is countrywide and they will not modify an investment property with no late payments..Any advice? I have had no late payments and want to get rid of the property asap? Foreclosure,short sale? any other options? my primary home in california has about 80k in equity,and my 2nd home in ft lauderdale florida is also upside down.

What is Guaranteed Leaseback in Real Estate Purchases Mean? I am looking at vacation/investment properties in Orlando area near Disney and keep seeing the term "guaranteed leaseback". What is it and how does it work? Would it be in my best interest to consider it?

Does anyone know of a Real Estate Investor group other than Marshall Reddick located in the Northeast US? I have investment properties in Orlando Florida (one of the most attractive destinations in the US) I would like to find a group other than Marshall Reddick that is in The Northeast rather than the Southwest. Any suggestions?

Are condos a good way to break into real estate investing? I have always been interested in real estate. I'm 25 and I am really considereing making my first move on an investment property. I think a condo would be a nice way to start. I realize condos don't offer as much potential for profit as a house but they are for the most part cheaper and seem like a reliable stream of income if you can rent one out. I am interested in Orlando, Miami, and Las Vegas as potential areas. I would prefer that people experienced in real estate answer this. Preferably someone experienced in condos. Thank You.

What are short sales? I have been viewing several properties in the orlando area as an investment property a lot of them are short sales are they safe to do a lot of them said they had liens on the houses ....Does any one else know of any good areas to look for investment properties in the country to rent to tenants?

would a foreclosure affect my other homes? I own 3 houses. my primary is in California,2nd home in ft lauderdale florida, and investment property in orlando florida. I am current with all of my payments on all properties and have 780 scores. cannot modify investment property because of it not being primary. I owe 300k its worth about 175k. I cant hold on much longer before I default. If i were to let the lender foreclose can it affect my other 2 homes?WHat are my options as far as letting it go?

Are timeshares a worthwhile investment? Pros and cons? I recently came back from vacation in Orlando, Florida and stayed at the Marriott Hotel. They have several hotels and are trying to have me invest in one. I'm thinking about it as I don't want to rush into anything. Property tax is $111 and maintenance fee is $633 which I feel is high. I would like to know about anyexperiences, good and bad people have had with this and what advice you can give me. Thanks! (THe timeshare is the Grand Vista in Orlando, a beautiful place and if anyone has a timeshare there, I'd like to hear about it.) The purchase price for a 2 bedroom 2 bath at Horizons is $18,100, initial investment of $1,810 and closing costs of $790, term 10 years. Monthly investment of $271. The one at Grande Vista is the same size for $25,400, initial investment of $2,540 and the closing costs of $935. I do like to travel and I'm at the age that I plan on spending more time vacationing at various places. I thought maybe this could be a great opportunity to stay at other timeshares in other cities, countries, etc. (The fixed rate simple interest note is 13.99%) I am torn and want to know for sure if this is going to be worth it for me. THey tried to "rope" me in that day but I told them something like this isn't something a person jumps into without some serious thought and looking into. Thanks for any more help you can give me! The monthly cost at Grand Vista is $376

Transfering balance of mortgage? Hello everybody, i bought a investment house in Orlando Florida 5 years ago for $ 315.000 , unfortunately paid the second ( $62.000.00) cash so that leave me with a balance of $ 215.000.00 and the house worth approx$165,000.00, so to try to get some of my money back was wondering if i sell my investment property at a lost can i transfer the difference to the purchase of another property and moving in that property and sell it when the market will come back up, or if any body have other suggestions , can you please let me know. Between my and my wife we make approx@125,000.00/ year with 1 car payment of $ 350.00 per month and no credit card debt our credit is very good

Buying Condo in Florida? Orlando or Tampa/Clearwater? VALUE FOR YOUR MONEY. Places that are high crime and should avoid? Good investment property? Spending under 100k and I want that wow affect. The feeling and being somewhere tropical and clean?

can anyone help me sum this up to 500 words (or less) please help me ? PLANNING TO MAKE DISNEY! Walt Disney planed to make Walt Disney World (WDW) before the 1964 Fair. Walt decided to find a location in Florida. Land was cheap, the weather was always warm, and more and more people were moving to and vacationing in Florida. However, Walt decided that he didn't want to locate his park along the coast for two reasons: He didn't want to have to deal with hurricanes, and he didn't want people coming to his park in bathing suits.Walt started secretly buying land in FL in conclusion to the fair.The box office success of Mary Poppins provided support to the company coffers right when the land purchases and attraction development began. In fact, a separate company that Walt founded, called Mapo (since the movie's success financed the moonlighting outfit), was the focus of the Florida project for several years. Mapo was eventually merged into the Imagineering department several years later. His team-which included his brother Roy, General Joe Potter (whom Walt met during the construction of the New York World's Fair), and several other members of the inner circle of Walt Disney Productions-started looking at available parcels of land in Central Florida. “Project X” was underway. After considering three possible sites in Florida, a location on the border of Orange and Osceola counties was chosen in 1964. Dummy corporations were set up and Disney agents, led by Robert Foster, secretary and general counsel for Disneyland, began buying land under phony names. Walt had the team work as quickly as possible, for he knew that as soon as word got out about a massive Disney land acquisition, property costs would go up tremendously. At one meeting, there was a large parcel of land in Orlando available for about $100 per acre. Walt said, “Buy it!” Roy asked, “But Walt, we already own 12,000 acres. Do we have the money?” Walt replied, “Roy, how would you like to own 7,000 acres around Disneyland right now?” to which Roy immediately responded, “Buy it!” Foster worked as surreptitiously as possible, flying through other cities so that his travel could not be traced directly back to California. He even made highly visible visits to the World's Fair construction site, only to quietly disappear to Florida the next day. The three earliest acquisitions would be 12,400 acres owned by a group of Orlando home builders, 1,250 acres owned by an Orlando investment group, and 8,500 acres owned by Florida state senator Irlo Bronson. The first major problem was acquiring the mineral rights for the 12,400-acre property, which Tufts University still owned after the surface rights were purchased by the Orlando home builders. Mineral rights were important since without it, Disney could not dig underground without permission, and Tufts could tear down any structure to get to the minerals. After the major properties were locked in, they began concentrating on all of the small outparcels. The acquisitions were tracked on a large map back at WED headquarters in Burbank, which Walt would check daily. By the time they were done, Disney owned over 27,000 acres, which came out to about 43 square miles-about twice the size of Manhattan, the same size as San Francisco, and about 150 times larger than Disneyland. please help id be very greatfull thank you!! (oh yea if u have any sujestions on punctuation or something like tht or if somethingz a fragment plz help!)

how many words are in this whole essay? Planning to Make Disney! Walt Disney planed to make Walt Disney World (WDW) before the 1964 Fair. Walt decided to find a location in Florida. Land was cheap, the weather was always warm, and more and more people were moving to and vacationing in Florida. However, Walt decided that he didn't want to locate his park along the coast for two reasons: He didn't want to have to deal with hurricanes, and he didn't want people coming to his park in bathing suits.Walt started secretly buying land in FL in conclusion to the fair.The box office success of Mary Poppins provided support to the company coffers right when the land purchases and attraction development began. In fact, a separate company that Walt founded, called Mapo (since the movie's success financed the moonlighting outfit), was the focus of the Florida project for several years. Mapo was eventually merged into the Imagineering department several years later. His team-which included his brother Roy, General Joe Potter (whom Walt met during the construction of the New York World's Fair), and several other members of the inner circle of Walt Disney Productions-started looking at available parcels of land in Central Florida. “Project X” was underway. After considering three possible sites in Florida, a location on the border of Orange and Osceola counties was chosen in 1964. Dummy corporations were set up and Disney agents, led by Robert Foster, secretary and general counsel for Disneyland, began buying land under phony names. Walt had the team work as quickly as possible, for he knew that as soon as word got out about a massive Disney land acquisition, property costs would go up tremendously. At one meeting, there was a large parcel of land in Orlando available for about $100 per acre. Walt said, “Buy it!” Roy asked, “But Walt, we already own 12,000 acres. Do we have the money?” Walt replied, “Roy, how would you like to own 7,000 acres around Disneyland right now?” to which Roy immediately responded, “Buy it!” Foster worked as surreptitiously as possible, flying through other cities so that his travel could not be traced directly back to California. He even made highly visible visits to the World's Fair construction site, only to quietly disappear to Florida the next day. The three earliest acquisitions would be 12,400 acres owned by a group of Orlando home builders, 1,250 acres owned by an Orlando investment group, and 8,500 acres owned by Florida state senator Irlo Bronson. The first major problem was acquiring the mineral rights for the 12,400-acre property, which Tufts University still owned after the surface rights were purchased by the Orlando home builders. Mineral rights were important since without it, Disney could not dig underground without permission, and Tufts could tear down any structure to get to the minerals. After the major properties were locked in, they began concentrating on all of the small outparcels. The acquisitions were tracked on a large map back at WED headquarters in Burbank, which Walt would check daily. By the time they were done, Disney owned over 27,000 acres, which came out to about 43 square miles-about twice the size of Manhattan, the same size as San Francisco, and about 150 times larger than Disneyland.

Are house prices at their lowest now? Do you think they will go lower in the near future Is NOW a good time to buy an investment home for a rental property? I need to know ASAP, as I have MUST confirm with the realtor TODAY! PS-the location is in an older private established neighborhhood near Orlando and Disney.

Starting a Lamborghini Dealership? I live in Orlando Florida and want to start a Lamborghini dealership. Right now I'm 18 years old (not an average 18 year old) and am looking to open a dealership. My dad is worth ABOUT $2.5 million on books as he own two apartment complexes and some other investment properties. I just graduated school, and am looking at going into this business. I have already worked with Ultimate Motor Works which is a Lamborghini/Bentley/Rolls Royce dealership here in Orlando which me and my dad are very good friends with the owner. I was just wondering what thoughts you may have on the best way of opening a dealership of this magnitude. I know Floor Plan Financing may be a good option. Let me know what ideas and thoughts you have on this. Thanks!!! Brandon D.

Is a condo hotel in Orlando, Florida a good investment? I really want to get onto the property ladder and I found a condo hotel that looks very promising. This actual Condo hotel that I am looking at is in pre-construction and will be finished in 2010. The development is expected to cost $850 million with a Broadway theater, spa, conference halls, restaurants and lots more My unit that has been offered to me is in the high $300's and I would have to pay 10% of that by the end of this year and then another 10% at the start of next year. Then I would have to pay the rest (80%) when the construction is finished in 2010. I was told that the condos will be going up in price in two weeks as the condos are selling out fast. So hopefully I could sell the condo hotel 2010 if it went up quite high for a good profit? It is a little over my budget but if I work very hard I could afford it. I was just wondering if a condo hotel in Orlando, Florida is a good investment as there are so many hotels in Orlando I am not sure. This condo hotel is is situated less than one mile from the entrance to Universal Studios, Orlando and only one-and-half miles from the brand new Orlando/Orange County Convention Center. And do you think the prices in Orlando will rise in 2 - 3 years?

Where is the best place to buy an investment property in Orlando, FL? I would like to rent out the house to people coming to Disney for vacation. The house will be 4 or 5 bedrooms and 2.5 baths. What management company would you reccomend? Any hints or suggestions with regard to purchasing a home in the Orlando area? Thank you!