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Buying a Condo hotel unit

Hi I got an offer for a Condo hotel unit in Kissimmee FL. Local RE Experts can you please advise how good will this be as an investment?
thanks
Venkat
  • November 20 2012 - Kissimmee
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Answers (1)

Venkat, I can not speak for your area, but since I haven't seen anyone reply form your area yet (I am sure someone will soon), I will just let you know that I sold one of these type of units a week ago ($114,500) that is being used just as you are thinking, to rent out weekly or longer.  Depending on the local rental/vacationer traffic these can produce some good cash flow. I would suggest looking in the complex to see what other places have rented out for, then try to determine your overall costs versus income on the unit.

Good luck, if you can get into one of these units at a great price there is a huge upside to owning them!
  • November 20 2012
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