buying vacation property near disney???

[njcarita]

my husband and I Have been seriously thinking of looking for a condo or townhouse near disney to buy as an investment.

Since we have been going to the park 1-2x a year- we thougth we could rent it out when we are not there and hopefully pay for itself.

Has any one else looked at doing this???
are their any developments that any one would or would not recommend???


thanks

 

[carolsherman]

Same here husband and I are looking into ourselves so hopefully by the time we retire it will be paid for

 

[njcarita]

our short term goal is to have a place to vacation.

Long term goal is to buy 3 vacation rental properties over the next 5 years- hopefully that will pay for itself.

and sell one each time one of our three kids start college- as a way to pay their educations

 

[Mickey527]

I am looking too. Maybe we should all get together with the same real estate agent and get a discount.
I have a few sites at home marked (I can't get to them here in work) that look good. They are manufactured homes along 127, not too far from Disney. They start in the $30,000'd with the top model in the $70,000's.
I am looking at homes that are maintained by a corporation because I think it would be too hard to have to deal with hiring someone to maintain the lawn etc. The groups that I am looking into will do all that.
Some of the homes I am looking at will use your home as a rental unit when you are not staying there. I don't think I want to do something like that because I take a few last minute trips each year and I want to be able to stay in the place that I am paying for.
If you come up with any condo's let us all know. and if I get a real estate agent I will let you all know. I have a friend in Castlebury looking for an agent for me. Peggie

 

[carolsherman]

I am hoping to find something the same way but with no money down and the renters paying the mortgage but with a reputable company renting it out we used allstar vacation homes in February to rent a home and they were great. If you use a real estate agent you don't pay them the seller does

 

[frannn]

but I am not so comfortable with my retirement home being rented by people I don't know for so long. I also don't want to be an absentee landlord. If I knew someone (closely) who I trusted to live there and take care of the place while I paid it off, I would charge them a discounted rent. What type of place do you get for 30,000-70,000? A condo or a timeshare? Mickey 527-could you let me know more? I'm interested in knowing details. Thanks!