Hi everyone! My name is Teresa. I’m looking to get my feet wet investing in the Orlando market not only because I call it home, but also because there’s so much job, population, and tourism industry growth here. I’m excited to be on this forum and to be in the real estate business in general☺️
@Teresa Sargeant welcome! If you are looking for buy and hold cash flow in Orlando, I would suggest keeping your search area wide enough to pull in some of the surrounding areas (Deltona, Sanford, Lake County, Brevard County, Osceola, even Polk etc). Harder to find cash flow in Orlando urban core, but not impossible. I see stuff on the market all the time that is .8% rent to purchase ratio. Close enough to 1%. If you buy right and forecast expenses correctly, you can do well with that type of property.
@Teresa Sargeant welcome! If you are looking for buy and hold cash flow in Orlando, I would suggest keeping your search area wide enough to pull in some of the surrounding areas (Deltona, Sanford, Lake County, Brevard County, Osceola, even Polk etc). Harder to find cash flow in Orlando urban core, but not impossible. I see stuff on the market all the time that is .8% rent to purchase ratio. Close enough to 1%. If you buy right and forecast expenses correctly, you can do well with that type of property.
Hi @Teresa Sargeant. Let me know what you are looking to do specifically (buys and hold, flip, lend private money, tax liens, target probate, foreclosures, short term rentals, multi family....so many areas. What is your preferred niche', what do you need help with? Reach out if there is anything I can help with.
This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
@Shawn McCormick It’s very nice to meet you. I’m looking to do buy-and-hold investing. Right now, my husband and I are searching for a second house and want to rent out our current home. We’ve been discussing using our home equity as down payment on our second home.
@Justin Windham Hi it’s very nice to meet you. Yes, I do agree: there are so many useful tools on Bigger Pockets. I’m reading “The Ultimate Beginner’s Guide” and reading blog posts. I’m also watching BP videos. I even set up a 90-day goal list in my dashboard. I like this site and I’m grateful for its help.
Hi Teresa, if you are interested in the vacation rental market which is of course huge in Orlando, I am happy to provide advice and help with projections.
Hi Teresa, if you are interested in the vacation rental market which is of course huge in Orlando, I am happy to provide advice and help with projections.