What are the Top 11.5 Criteria for Selecting an Orlando Investment Property

1. Make sure units are larger than 1800 square feet.

This will ensure your customers can move around within the villa and have that feeling of spaciousness while on vacation in Orlando. When large families feel cramped, the enjoyment of the vacation experience is impacted.

2. Make sure cost per square foot is near $140.

This will ensure you are getting a current market cost to value which is great value in the Orlando FL market as of June 2005.

3. Make sure offer flexibility in floor plan.

Some investments offer lock out rooms which are single rooms for the business traveler who is seeking a place to stay but also offers luxury resort amenities. This also makes it better for you when you use your unit. The lockout allows you to use only what you need while renting the rest.

The lockout also appeals to the rental market as there is demand for four and five bedroom units. These units are ideal for a golf foursome or perhaps families traveling together. Your rental property can accommodate these larger groups when we rent out the entire unit. This gives you an advantage in the rental market.

4. Make sure the lockouts have central air and a kitchen.

You don't want a room without television and air conditioning. Both are important for the business and single traveler and are important to the property investor.

5. If possible, find sale leaseback program over standard real estate investment option.

This ensures your property investment is rented out for the entire 52 weeks which ensures a consistent cash flow each month. This also provides approximately 10% return and allows you as investor to operate the Orlando property investment as turnkey with very little effort needed to run the resort. Each facet of the property management and marketing is handled using sale and leaseback method.

6. Make sure your Orlando property investment provides a high quality clubhouse with amenities.

Minimum amenities in family resorts in the Orlando, FL market are fitness center, game room, restaurants, food courts, bars, daycare, movie-theatre.

7. Make sure your Orlando property investment provides a water park and pool for the kids with amenities:

Lazy river, water slides, cabanas, tiki bars, kids pools, adult pools, kids water park and playground and at least 10,000 square feet of deck space. This ensures family vacations are a true experience and keeps everyone entertained while at the resort.

8. Make sure if you exercise on vacation that your property investment has the following as well:

Basketball courts, tennis courts and running trails.

9. Make sure you can stay in your Orlando Property investment at a low cost.

This will ensure you and your family can come to Orlando and experience the pleasures of a family vacation.

10. Make sure property has 24 hour onsite management.

This will ensure if there are any security, housekeeping or maintenance issues, they can be resolved immediately.

11 ½. Make sure property is not further than 10 miles from Disney.

This will ensure your close enough so it doesn't take long to arrive but far enough to avoid all the heavy traffic and the high prices on Disney Property.

If your Orlando property investment has the following, you can feel comfortable you have a great investment.

Lisa Carson
http://www.biminibayresortinvestment.com
lcarson@biminibayresortinvestment.com

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.

California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open.

With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's largest banks, a source said Sunday.

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?

A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

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The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.

L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.