Screening through properties in Orlando, FL

[Jonathan Feliciano]

Hi BP Orlando,

As most of you may know, the 1, 2, or 3% Rule (depending on where you live), is widely used to help us investors screen through rental properties.

However, this rule changes depending on the market you're in.

For those of you investing in the Orlando, FL, market, which number have you found to be most accurate for screening through rental properties?

Is there another screening method you prefer? Such as the 50% Rule?

Looking forward to reading your thoughts. :)

[Tyler Gibson]

@Jonathan Feliciano If you are looking at properties that are found on the MLS rule then the 1, 2, or 3% rule will not apply in Orlando. You may be able to find 1% deals in Lakeland and the surrounding Polk county. The Market in Orlando is very hot with high demand from retail buyers and a shortage of inventory resulting in multiple offers on most listings and fixer-uppers being overpriced. I have not seen a 1% deal on a multi-unit in probably 2 years here in Orlando. That being Said Orlando is still a great rental market with market rents continuing to increase year over year. Also, I would say that Orlando is still a growth market with property values continuing to climb.