I currently live in New York and I want to buy a rental property in Orlando. I mainly focus on cash flow. Since this is long distance investment and I don't go there often, I am looking for a property that has very low maintenance. I think condo or townhouse would be ideal, but I am not sure about the location. I read the posts about rental property in Orlando, and seems like people focus on areas outside of Orlando downtown where the main house type is SFH. If I want a condo or townhouse that can be easily rent out and generate nice cash flow, where should I invest?
Real Estate Agent · Orlando, FL · Member since 2019 · 59 posts · 90 votes
6y
@Betty Zhu
Take a look at the 32821 zip code. I currently own two condos there, and they cashflow very well. Location is extremely good. Feel free to pm me with any questions and happy to help
Realtor · Central Florida-Orlando · Member since 2014 · 1k+ posts · 892 votes
6y
@Betty Zhu. I am a full time Realtor® and investor in Orlando. You have many great options here to purchase rentals. Cash flow gets a little tough the closer you are to Orlando, but you certainly can find some deals. I personally don't like condos as they have too much power and often are highly mismanaged, leaving owners with assessments and claims going unanswered. Let me know if you would like to chat sometime and see if I can help in any way. Good luck.
Specialist · Miami, FL · Member since 2020 · 14 posts · 4 votes
6y
@Betty Zhu I am in the same boat expect I am in S FL and am looking for high cashflow SFH. @Shawn McCormick what orlando areas would fit this criteria? B, B-, C+ areas are ok by me.