Brother selling his SSR that finally came through!!

[msjprincess]

It would be interesting if he could do both and compare his success.

If the home is in the direction of universal he might want to market that. 10 miles from WDW could get you nearly to uni if it's the right direction.

Reunion Resort is the opposite direction. It's almost 20 miles from Universal.

 

[Dean]

It would be interesting if he could do both and compare his success.

If the home is in the direction of universal he might want to market that. 10 miles from WDW could get you nearly to uni if it's the right direction.

It's not, it's toward Tampa in a residential area. It may work out because it's residential real estate but not likely for vacations.

 

[bumbershoot]

Reunion Resort is the opposite direction. It's almost 20 miles from Universal.

It's not, it's toward Tampa in a residential area. It may work out because it's residential real estate but not likely for vacations.

That's just really unfortunate!

 

[bisney]

He said there's a 66% occupancy rate at $250/day. His overhead is expected to be $45k/yr, but expects 60k/yr from rental income. Apparently a professional mgt company takes care of everything.

Then he and his family stays there the other 34% of the time (or whenever it's not rented) for free.

Me? I'm staying walking distance to the parks bc I'm all about bwv and BLT but the concept is intriguing.

Spending approx. $475K upfront for a non-guaranteed $15K annual income stream is in my opinion an extremely poor investment choice. He'd be much better off buying ETFs and using the income towards his vacations. Personally, I would way be too stressed out (damages from weather events or from poor tenants, potential decreases in property value, etc.) to accept a 3% return pre-tax.

 

[ckb_nc]

This has a chance to be a real disaster. Do people really rent that far out for a week? Disney is doing everything they can to get people on property for a week. I stayed off property for a week in a rental a great deal closer and swore never again. It was just too hard to get to/from the parks or other resorts.