Buying a Orlando Vacation Home
Have you often wondered what it would be like to own a beautiful vacation property in your desired getaway spot? Have you been reluctant to take the final step due to the inflated prices of such properties? Well, now is the ideal time to take action! In fact, given the current reduction in home prices, you could actually stay at your favorite vacation destination the entire year if you wanted to! This is due to the fact that great homes have been going through the distress sales process in a variety of vacation hotspots throughout the country. As a result, the prices of such properties have dropped dramatically. Your Dream home is no longer a dream, but closer than ever to becoming a reality.
So how do you make a great vacation buy? What are the top destinations for vacation foreclosures? Find the answers to these questions and learn more about why the time is right for investing in vacation homes in the FREE series of "Distress Properties Reports for Vacation Home Buyers".
Click Here to View Video Reports
Friday, October 09, 2009
Foreclosure Investment Secrets for Florida Real Estate Investors
The Time To Buy Is Now!
The golden rule when investing – be it in real estate, stocks or anything else – is to “buy low, sell high”. Given the current economic conditions, this advice is highly relevant especially if you are an investor interested in getting the most worth for your money. As a result, distress properties are definitely the right choice for you!
You are probably already aware that to make a good investment, the timing of your purchase is a very important factor. But do you know the details of investing in a changing real estate market? Are you aware of the different types of distress properties and the merits of each? For example, pre-foreclosure properties in particular are the most ideal real estate opportunity for investors wanting to close a deal quickly. On the other hand, if you are a novice investor, foreclosure properties would be most appropriate for you. The FREE series of “Distress Properties Reports for Investors” will help you learn about various aspects of investing in distress homes, and assist you in making the most well-informed decisions.
Click Here to View
The golden rule when investing – be it in real estate, stocks or anything else – is to “buy low, sell high”. Given the current economic conditions, this advice is highly relevant especially if you are an investor interested in getting the most worth for your money. As a result, distress properties are definitely the right choice for you!
You are probably already aware that to make a good investment, the timing of your purchase is a very important factor. But do you know the details of investing in a changing real estate market? Are you aware of the different types of distress properties and the merits of each? For example, pre-foreclosure properties in particular are the most ideal real estate opportunity for investors wanting to close a deal quickly. On the other hand, if you are a novice investor, foreclosure properties would be most appropriate for you. The FREE series of “Distress Properties Reports for Investors” will help you learn about various aspects of investing in distress homes, and assist you in making the most well-informed decisions.
Click Here to View
Thursday, October 08, 2009
FREE Real Estate Video Reports - Foreclosure Secrets Revealed
FREE Foreclosure Secrets - Real Estate Video Reports
These Deals Won't last Forever!
In today's market, distress and foreclosure properties are the hottest ticket when it comes to purchasing real estate. Price reductions have created a true "buyer's market". This means that prices are lower than ever, and buyers can find fantastic deals that would not be available under regular circumstances!
It is crucial to have a solid understanding of how to purchase the right kind of distress property if you want to take advantage of the great deals out there.
So, let's get started. Whether you are a first time buyer who is new to the process, or a veteran investor who has been through it all before. These exclusive video reports on Foreclosures are sure to include something you were not aware of. And the best part: they're free.
Just click on any one of the video topics below to get started.
Introducing our New Orlando Realty Website - Orlando Real Estate Associates
OrlandoRealEstateAssociates.com is a group of exceptional Orlando real estate agents who have developed an unique Home Selling System specializing in foreclosure homes and short sales. Contact us for all Orlando real estate services.
The Orlando Real Estate Associates and Home Selling Team covers the Orlando - Kissimmee metro areas. Orlando Central Florida Counties include: Orange County, Seminole County, Osceola County, Polk County and Lake County.
Friday, October 02, 2009
5 Steps to Finding Your Perfect Orlando Real Estate Agent
It doesn't matter if you're buying or selling a home, consulting an experienced Orlando real estate agent is a smart move. Here are five steps to finding your perfect agent:
Ask about experience
Although many new Orlando real estate agents are good at what they do, ideally, you want to work with an experienced expert. Someone with extensive experience can efficiently get through the process and streamline the fine details.
Confirm costs
Before getting in too far, find out if you are both on the same page when it comes to costs. Make sure to outline everything in writing ahead of time. This way you eliminate surprises in fees later.
Discuss turnaround time
Find out whether or not your Orlando real estate agent can find or sell a property within the timeframe you desire. Many factors can affect such turnaround, but it's good to discuss these details in the beginning to help you get a feel for your agent's track record.
Inquire about online listings
These days, 80% of home buyers start by viewing listings online. Make sure your agent has the capability to show you homes online and showcase your home for sale online. If not, this may be a sign that their office is not up to date.
Check availability
Learn about your agent's schedule. If he or she is splitting real estate time with another job, you need to know that upfront. This will help you determine whether or not this agent has the commitment you're looking for.
Finding the right Orlando real estate agent can take some time. It’s worth the effort to secure the most capable person for the job.
We would love to have the opportunity to interview for the job as your real estate agent. Call us today at 407-876-5771.
Ask about experience
Although many new Orlando real estate agents are good at what they do, ideally, you want to work with an experienced expert. Someone with extensive experience can efficiently get through the process and streamline the fine details.
Confirm costs
Before getting in too far, find out if you are both on the same page when it comes to costs. Make sure to outline everything in writing ahead of time. This way you eliminate surprises in fees later.
Discuss turnaround time
Find out whether or not your Orlando real estate agent can find or sell a property within the timeframe you desire. Many factors can affect such turnaround, but it's good to discuss these details in the beginning to help you get a feel for your agent's track record.
Inquire about online listings
These days, 80% of home buyers start by viewing listings online. Make sure your agent has the capability to show you homes online and showcase your home for sale online. If not, this may be a sign that their office is not up to date.
Check availability
Learn about your agent's schedule. If he or she is splitting real estate time with another job, you need to know that upfront. This will help you determine whether or not this agent has the commitment you're looking for.
Finding the right Orlando real estate agent can take some time. It’s worth the effort to secure the most capable person for the job.
We would love to have the opportunity to interview for the job as your real estate agent. Call us today at 407-876-5771.
Renting Out Your Orlando Vacation Real Estate
If you have Orlando vacation real estate, you may consider renting it out occasionally to cover some of the expenses. However, if you get something wrong, you can set off alarms with the IRS – something you definitely don’t want to do. So, if you’re thinking about renting out your Orlando investment real estate, here are a few things you need to know:
- If you don’t feel like claiming rental income on your taxes, you can’t rent the vacation home out for more than fourteen days in a year. Instead, you treat it as a personal residence and just deduct your mortgage interest and property taxes.
- If you want to be able to deduct your rental expenses, you can rent the home for more than fourteen days. However, if you do, you then step into the world of being a landlord. This also means you have to report the income gained from the rent. Once a landlord, you’ll have to keep track of how much you use the property for personal use and how often you rent it out, then figure the costs for each.
- If you rent the home out for more than fourteen days, but live in it more often than you rent, it’s still your personal residence. As a personal residence, you can take out rental expenses that are less than, or equal to, your rental income. So, if your yearly rental income is $20,000, you can claim up to $20,000 of your rental expenses on your taxes, but you can’t deduct your losses.
- If you rent the home more than you live in it, it’s a business. As a business, you can claim your expenses and, possibly, as much as $25,000 in losses per year.
- The IRS uses the term “personal use”, but personal use is a somewhat broad term. The days of personal use that go towards the “10% more than renting” can include any day that you or family members are using the house. Personal use also includes the time that a family member is renting the home from you, you rent it out for less than it’s worth or you donate the use of the house.
If you decide to rent out your Orlando vacation real estate, make sure you do you research, talk to your real estate agent, accountant or attorney and have all your t’s crossed and i’s dotted. If you’re knowledgeable, that vacation home may just pay for itself!
If you’re looking for a great vacation home or rental property, we can help. Call me us at 407-876-5771 for more information.
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