Do you dream of owning a property in the heart of world tourism? If you live in Colombia, Mexico, Argentina, Spain or any other corner of the planet and are considering investing in a vacation home in Orlando, Florida, congratulations! You are about to explore a market with exceptional growth potential. Orlando attracts more than 70 million tourists each year, ensuring a constant demand for vacation rentals and attractive income opportunities.
However, investing from abroad may seem like a challenge. Therefore, in this article we will guide you step by step so that your investment in Orlando is a success, even without being physically present.
👉 Here we explain how to invest in a vacation home in Orlando from abroad:
1. Define your budget and financing options:
Before you begin your property search, it is crucial to establish a clear budget. The Orlando holiday home market offers a variety of options, and you can find interesting properties starting at $300,000.
For foreign investors, financing is a common question. While obtaining a mortgage in the US may have its particularities for non-residents, financing options are available. Working with a realtor specialized in international investors will make it easier for you to connect with financial institutions that understand your needs and will guide you through the process.
2. Strategically choose an area with high occupancy:
The location is key to the success of your investment in a vacation home. Some of the areas with the highest demand and potential for occupancy in the surroundings of Orlando include:
- Kissimmee: Close to the Disney parks and with a great offer of vacation homes.
- Davenport: Another popular area with planned communities and access to attractions.
- ChampionsGate: Known for its luxury resorts and golf courses, attracting high-level tourism.
A realtor with experience in the vacation rental market will help you identify the areas with the best performance and that fit your budget and objectives.
3. Partner with a realtor specialized in foreign investors:
This is a fundamental step to facilitate the entire investment process from abroad. An experienced Realtor working with international buyers will be able to:
- Understand your specific needs and goals.
- Guide you in the search for properties remotely, using virtual tools and providing detailed information.
- Connect with other key professionals, such as lawyers specialized in international transactions and tax advisors.
- Facilitate the negotiation and closing of the purchase, making sure that you understand all the documents and legal processes.
- Introduce yourself to trustworthy property management companies, which will be crucial to managing your long-term investment.
At Home Vacation Group, we have a wide network of Realtors specialized in working with foreign investors and we will be happy to connect you with the best professionals in the market.
4. Understand taxes and legality for foreign investors:
It is vital to find out about the tax and legal aspects of investing in real estate in the US as a foreigner. This includes:
- Get an Individual Tax Identification Number (ITIN): necessary to declare taxes in the US.
- Understand local regulations: Find out about zoning laws and short-term rental regulations in and around Orlando.
- Plan the property structure: Determine the most appropriate legal form to own the property from abroad.
An international real estate law attorney will provide you with the necessary advice to comply with all regulations and optimize your tax situation.
5. Hire a trusted property management company:
This is the key step to generating passive income and keeping your property in optimal conditions without the need to be present in Orlando. A vacation home management company will be in charge of:
- Manage reservations and communication with guests.
- Set competitive prices to maximize occupancy.
- Perform the check-in and check-out of the guests.
- Coordinate the cleanliness and maintenance of the property.
- Manage the payment of invoices and financial reports.
- Address any emergency or need of guests 24 hours a day.
At Home Vacation Group, we specialize in vacation home management for owners who live outside of the US. We understand your challenges and offer you a comprehensive and transparent service so that your investment in Orlando generates a constant monthly income without having to worry about daily management.
💬 Interested in receiving a complete step-by-step guide on how to invest in a holiday home in Orlando from abroad?
At Home Vacation Group, we have helped dozens of investors from Colombia, Mexico and other Latin American countries turn their dream of owning Orlando into a profitable reality. Write us today through our Form And we will send you our free guide with all the details you need to start your way to successful investment in Orlando. We are here to help you every step of the way!
