New to Real Estate · South TX · Member since 2013 · 45 posts · 15 votes
Hello Everyone,
I'm new to investing, I just been soaking up all the great information on the BP site and listening to the podcasts just trying to learn as much as I can.
Well now I just got a Pre Approval for an $120,000 in Orlando,FL. Should I go the route of getting a SFH 3/2 and OC it for a year then rent it out after that year, or check out some MFH if availble in that price range?
I would like to know what you think. I appreciate input, advice, constructive criticism, ideas, etc.
For a quick direct answer, judging from what I've read on these forums, the multifamily seems to be a "better" way to go.
BUT I think Brandon Turner (and a majority of others) would say that it doesn't matter the style, and what's most important is finding a great deal.
If you've got financing options lined up than the next step is to get a connection who can put properties in front of you, so you can start running numbers on the properties to find a great deal.
Unless I've missed the point of the question, my answer is to start doing calculations on specific properties on the market to find the best deal and don't emphasize the style too much.
Full disclosure, I'm a licensed Realtor working in Orlando, so let me know how I may help. I hope my input has been useful Asia!