Speaking of Orlando, this is the city with the most potential for real estate investment in the United States.
The most common type of real estate in Orlando is the townhouse. Townhouses are very popular in Orlando. The living environment in a good townhouse is very good, and there is an indoor swimming pool in the living room, so the investment cost of Orlando townhouse is very high.
But in Orlando, no matter what kind of real estate, there are certain differences. It means that the prices of houses in good lots are different. Therefore, there are differences between several townhouses, and there will be many differences in lots. Secondly, the living area and decoration style of townhouses will determine the price trend of Orlando townhouses, but in general, no matter what kind of townhouses, the investment cost is very high. The investment prospect of this property type is also very good. However, the cost of investment is also much higher, unlike ordinary houses in residential areas, which can only be invested if they have good economic ability. However, it is still very difficult to buy a townhouse here, so it is basically those business leaders or executives, political celebrities, entertainment tycoons, etc. to buy such a house type to live in.
Florida Beach
As the weather gets colder and colder, more and more friends around me are thinking about finding a warm island to avoid the cold. Although the smog in Beijing has been much less this winter, the winter in the north is still quite "freezing". However, unlike those friends who are still choosing islands, I have already taken my family to Florida, which has the reputation of "Sunshine State", and enjoyed a "warm winter" full of sunny beaches. And we also plan to welcome the coming Christmas and New Year here and experience a different American style.
Presidents come here for the winter
Actually, when I first planned to invest in real estate in the United States, Florida was not my top priority. After all, as we all know, the east and west sides of the United States have always been hot spots for investment. There is nothing to say about the appreciation and preservation of real estate in cities like new york and Los Angeles, but the relative cost of home ownership is naturally higher.
The fact that Florida real estate entered my investment list can be said to have something to do with Trump, the newly appointed President of the United States. Since Trump took office, his private estate in Florida can be said to have frequently entered the public eye, and that Haihu Manor has even been nicknamed "Winter White House" because of Trump's frequent visits. So I was curious at that time, what kind of charm does this southernmost state in the United States have to attract the American president who started as a real estate business?
Fireworks show in Orlando Disneyland
Then, through my own information and consulting with real estate consultants, I began to realize the investment potential of Florida, especially the major cities in Florida. Orlando, the ultimate home buyer, also took a fancy to the pleasant climate and rich tourism resources here. After all, there are many theme parks such as Disney and Universal Studios here, and there are also good places for children to come here for vacation. More importantly, Orlando's tourism resources also ensure sufficient tenants to a certain extent, and the rental return also makes me feel that the investment is worthwhile.
It's not only cheap, but also good.
When I saw the real estate prices here in Orlando, I really thought it was "cabbage price" compared with the real estate markets on both sides of the United States. The real estate price in Orlando is only about one-third of that in Los Angeles, while Florida is a famous low-tax state in the United States, and the real estate tax is lower than other States, only about 1% of the real estate value. The total price of this Champion Gate Villa project I invested in is only over two million RMB! Not to mention this price in the United States, it is "unthinkable" to put it in the first-tier cities in China.
Therefore, the funds for buying a house that might have been a little "tight" suddenly became abundant, so I decided to buy it without too much hesitation. But at that time, I only thought about taking a vacation and living for myself. I didn't expect that there was unexpected joy waiting for me.
A scene in the Champion Gate project
I believe that friends who know about real estate investment are familiar with the term "rent to support loans". This is what almost every investor hopes to achieve, because renting out the house and repaying the corresponding loan with the monthly rent can greatly reduce the cost of home ownership. But to be honest, there are not many properties that can easily realize "raising loans by rent".
Because it is necessary to accurately measure the rental income of real estate and other expenses including loans every month, such as commission, water and electricity, community management fees and so on. But what I didn't expect was that the project of Champion Gate really made me "provide for months". Take the six-bedroom single-family villa I bought as an example. After deducting all kinds of miscellaneous expenses every month, I can still earn more than one thousand dollars. I thought my income was already considerable, but after chatting with a buyer who bought an 8-bedroom villa, I didn't expect his net income to reach more than 25 dollars!