In 2017, I thought it would be a great idea to invest in two vacation rental properties near Orlando, Florida. Brand-new (or close to brand-new) developments, huge houses in amazing communities with awesome amenities, AND close to Disney World? Seemed like a slam dunk. Little did I know...
I ended up taking a loss on these two properties, but I've learned a few things about short-term rentals since then. Here are the 5 things I learned from losing money on Florida vacation rentals and what I'm doing with my rentals going forward.
0:00 I Crashed and Burned on Two Florida Vacation Rentals 0:52 3 Ways to Pay For Liabilities 3:37 Finding & Financing the Properties 12:28 A Few Issues 14:06 The Final Straw 16:07 Still in the Short-Term Rental Game! 17:15 5 Things I Learned in Buying Short-Term Vacation Rentals 24:07 Summing It All Up
//ABOUT ME Tim Bratz is the Founder & CEO of Legacy Wealth Holdings, a leading real estate investment company. He focuses on vision-casting, marketing, & supporting his team of “A” players. He has built his company on integrity (doing what he said he was going to do), fairness (doing the right thing), & transparency (honesty is always the best policy). Tim has dedicated his professional life to studying wealth-building & personal finance. Working in real estate, Tim has learned how to create a passive income that allows him to live the lifestyle of his choice. His goal is to educate & empower others to become financially free through entrepreneurship & real estate investments. https://legacywealthholdings.com
