*New OOS Investor* NYC -> FL

[Adam Misseldine]

Hi Everybody,

I'm new to BP and am trying to learn as much as I can before hopefully getting my first deal by end of year. Thanks to all of you who are active on the forums; I've already learned a lot from those shared experiences. 

I'm a Florida native currently living in NYC with plans to move back in a few years. I'm eager to start my investing journey but NYC is out of the question, and I don't want to wait another 3-4 years to move back to FL. Ideally, I'd like to start now in Central Florida or Gainesville, since those are the market I am most familiar with and could visit frequently as an out of state investor. I'm specifically interested in long term SFH rentals in the greater Orlando area (avoiding tourist-dependent markets). The submarkets I'm most familiar with (Winter Park, Baldwin Park, Downtown) don't seem to have ideal price-to-rent ratios and prices are overall inflated. I need to branch out and identify other favorable neighborhoods in the area.

I'd love to connect with anyone who has experience investing or working with investors in Central FL. Thanks in advance!

[Nick Velez]

@Adam Misseldine

Hey Adam,

Great to meet you! I am local to Gainesville and own 5 properties here that consist of STRs and LTR's. Gainesville offers a lot of opportunities still but cash flow will be limited if you try to stick a turn key property up for rent in any market. If you are willing to get creative such as rent by the room or STR's, you will have plenty of options to choose from. Feel free to PM me if you want to discuss further!