Looking to get started in the Central Florida real estate market.

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Looking to get started in the Central Florida real estate market.

Caleb Barbosa
Investor · Ocala, FL · Member since 2021 · 5 posts · 2 votes

Hi, my name is Caleb. I am 20 years old and just moved to Florida from California last month to pursue my Real estate goals. Right now my main goal is to acquire a property to be a rehab rental with in the first half of 2022( On Market Or Off Market). I have been pre- approved now its just about acquiring the right deal. I am also doing wholesale real estate, fix and flips, and J.V. deals. That is kind of a background my main question is, does anyone have any knowledgable tips for someone just starting out in the industry or is anyone willing to have a conversation to share knowledge/experience it would be hugely appreciated. 

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Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
4y
That's a pretty broad question.

My $0.02 is that you need to figure out what you want to focus on and then focus on it. If you keep bouncing around, you'll never be really good at anything.

Figure out your purpose. Are you just looking for extra cash, do you want to escape your W-2 job, or are you just looking to sock things away so you can live well later in life? Knowing what your real goal is should help you focus on the appropriate vehicle to get there.
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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y
    That's a pretty broad question.

    My $0.02 is that you need to figure out what you want to focus on and then focus on it. If you keep bouncing around, you'll never be really good at anything.

    Figure out your purpose. Are you just looking for extra cash, do you want to escape your W-2 job, or are you just looking to sock things away so you can live well later in life? Knowing what your real goal is should help you focus on the appropriate vehicle to get there.
    The DIY Landlord Book4.7247 Reviews
    WebsiteView Page
    1Reply
  • Caleb Barbosa
    OP
    Investor · Ocala, FL · Member since 2021 · 5 posts · 2 votes
    4y

    Im sorry it was definitely a broad question, it was my first one so I didn't want it to be too specific. However, to respond to your question I have a good idea on where I am attempting to go. I want to start in single family residential rental space, the strategies I intend to implement are house hacking and the brrrr method for a good amount of deals. From there start to roll into bigger properties. Then Network with private capital investors (family and friends etc.)and buy buildings.Begin to get into the private equity space now because I have a timeline/resume. This is also super broad as well because I am not going to reveal my complete in depth plan on the internet, however connect with me and id love to explain my thoughts in more depth Nathan.

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  • Valentina Calla
    Real Estate Agent · Orlando, FL · Member since 2021 · 65 posts · 53 votes
    4y

    Hello Caleb! Central Florida is a great place to start investing, especially if your goal is equity and appreciation. There is also a lot of rehab and rent opportunities in some areas in Orlando that despite having lower appreciation rates they still have low vacancy rates. 

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  • Steven Torres
    Real Estate Agent · Orlando, FL · Member since 2020 · 42 posts · 25 votes
    4y

    Hey @Caleb Barbosa.

    As of right now, Central Florida is one of the best places to invest, you get more for your money than you will compared to South Florida.

    House Hacking is definitely a great strategy to get started in RE investing. I would recommend reading the following books;

    Millionaire Real Estate Investor by Gary Keller - This book is all about reverse engineering your goal a breaking it down by steps.

    The E-Myth by Michael Gerber- RE Investing, construction, development, property management, etc. 

    Best of Luck!

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  • Cameron Braig
    Atlanta, GA · Member since 2021 · 493 posts · 162 votes
    4y

    It can be helpful to have some base metrics to help filter out target markets. Depending on your strategy and goals some good metrics can be; population growth, rent growth, income growth, job growth and job diversification. These can help identify and determine runway of a growth market. Hope these are helpful as you get started. 

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