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First time investor with 350k Max

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  • Posts 2
  • Votes 3

Max Saint-Festin

posted about 1 month ago
I am a new investor coming to Florida looking to purchase a rental property in the Orlando area. I'm looking at 350k and lower for my first investment, preferably a house hack. Live in one unit and rent out the other. How viable is it to purchase a multifamily currently, and what parts of town should I consider? I've heard the Tampa area is great as well though I'm concerned with flooding. I will be coming this March- early April to meet with like minded individuals and Realtor to better understand the area.
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Check Rosette Top Subjects:
Tenants, Rentals, and Real Estate Finance
  • Posts 173
  • Votes 92

Shawn McCormick
Realtor from Orlando, FL

replied about 1 month ago

Hi @Max Saint-Festin , I would be happy to discuss the Orlando market with you. I am a full time Realtor® and investor. I have sold some investment properties in the Tampa market, but I'm not as well versed as Orlando. We generally only have 25-30 multi family properties available in Orlando and they usually go very fast. Tampa has 2-3X that many at any given time.

Reach out and we can talk about what you are looking for and how I can help.

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  • Posts 544
  • Votes 383

David Baier
Rental Property Investor from Orlando, FL

replied about 1 month ago

Hey @Max Saint-Festin , house-hacking is definitely the way to go. Good multi-family deals are hard to come by and go quick but they can be found both on and off market.

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  • Posts 26
  • Votes 15

Linda Wright
Real Estate Agent from Tampa Bay Area

replied about 1 month ago

@Max Saint-Festin you can invest in many parts of Tampa and not worry about flooding. I've lived here my whole life and only a few areas have flooded over that time. The key is find homes in the right flood zone (X) which most of Tampa is. If you need any help, I'm a realtor in Tampa, feel free to reach out. 

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  • Posts 2
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Max Saint-Festin

replied about 1 month ago

thanks everyone for the information, sounds like tampa seems to be a place to look into. I will definitely take a look and reach out to you for assistance!

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