unclebuck

Does anyone have any experience of this? Looks great on paper.

For eample 150K Gets you this place -



a 5 bedroom, 4½ bathroom villa with a large covered pool. Optional hot tub. Based within the community of Hampton Lakes, the property is surrounded by a mixture of american residents and rental properties. The property is two storey.

Brand new build. What a bargin

UB


[Edited by unclebuck - 8/28/2003 6:22:57 PM]

Luke

Cant you get the same here in London???

super_si

Find out the Hurricane Insurance lol

Si

Les H

Me and the mrs have been looking hard at this over the last year. Have a look at www.orlandovillas.com Go to the forum and you will find a ton of info. The gerearal concensus on there is that you have to work very hard indeed at it just to break even(Thats assuming you are planning on renting it out.

If you are not planning on renting it and can afford to pay for it maintain it from here, then Florida property is an absolute bargain.
Les

unclebuck

Thanks Les. Will check out the forum. So, having looked for so long what do you intend to do? For me the plan would be to rent out, but the mortgage would be quite small so any short fall would be fairly minimal (In theory)

UB

Les H

We have come to the conclusion that it is a lot less hassle just to rent sombody elses villa a couple of times a year. We simply don't have the time to put into renting one out. It really is a lovely thought to own your own place over there though, especially when they look such good value. I think the info you will find on that forum make things much clearer.
Les