Researching and starting out in the Orlando FL Markets

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Researching and starting out in the Orlando FL Markets

Chris Anderson
Marlborough, MA · Member since 2015 · 40 posts · 10 votes

HI BP,

I purchased my first SFH in Massachusetts a few months back and am now looking to pick up some investment properties. I am currently studying and looking into the Orlando markets. I am looking to network with others in the area such as Property managers, agents, wholesalers and others so I can start establishing relationships. I am looking to travel down there monthly or bi-monthly for rea meet-ups and networking. If anyone is in the area and can provide any insight or asistance while I'm doing my research it would be great.

Thanks,

Chris

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Justin Stamper
Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
9y
Originally posted by @Dan Bhide:
Originally posted by @Justin Stamper:

@Chris Anderson

Just curious, why Orlando? I still am confused why out of state buyers want to come here when they have so many other out of state markets with higher returns and lower prices. 

Justin - I am curious to know which other states / cities do you think have higher returns and lower prices? I have seen some articles that refer to smaller towns at the top of someone's list but not sure if the short-term economic conditions that may favor them will last in the long run. Big cities (and nearby suburbs) of Florida and Texas seem like better long-term bets. Am I missing something?

 Seems like my friends at Ohio Cashflow are getting way higher returns and way cheaper entry points. @Engelo Rumora

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  • Kenneth Dai
    Investor · Fairhaven, MA · Member since 2016 · 100 posts · 88 votes
    10y
    Chris Anderson check out the meetings section of the BP website. There is definitely an REIA near you. Good luck, and welcome to the forums.
    0Reply
  • Keith Courtney
    Real Estate Brokerage/Vacation Homes/Short Term Vacation Home Rental Marketing · Orlando, FL · Member since 2013 · 159 posts · 127 votes
    10y

    Hi Chris -

    I work with buyers (acting as an agent) who purchase vacation homes (short term rentals) here in Central Florida.  We also assist with short term rental marketing. In addition, I have a set group of lenders, one property manager, home inspectors, and accounting/legal advisers that I deal with on a regular basis that I will be happy to share with you.  Feel free to private message me.

    Keith

    0Reply
  • Account Closed
    Investor · Orlando, FL · Member since 2016 · 1k+ posts · 780 votes
    10y

    HI Chris, I am an investor/wholesaler in Orlando. I can help with your search.

    0Reply
  • Eddie Hemenway
    Realtor / Investor · Clermont, FL · Member since 2015 · 13 posts · 3 votes
    10y
    Hi Chris Welcome to the group. I'm originally from Mass, been in the Orlando area for 15 years. I'm a licensed Realtor and wholesaler. Let me know if there is anything I can do for you. Best of luck Eddie
    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    10y

    @Chris Anderson

    Just curious, why Orlando? I still am confused why out of state buyers want to come here when they have so many other out of state markets with higher returns and lower prices. 

    0Reply
  • Chris Anderson
    OP
    Marlborough, MA · Member since 2015 · 40 posts · 10 votes
    10y

    Hi @Justin Stamper ,

    I chose to research Orlando because I travel down that way multiple times per year and have family support in the area

    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    10y

    Fair enough. 

    0Reply
  • Ryan Peterson
    Title Agent · Maitland, FL · Member since 2016 · 19 posts · 11 votes
    9y

    @Chris Anderson

    Hi Chris,

    I work with an investor friendly title company in the Orlando area.  I would be happy to answer any title related questions you may have when the time comes.

    Thanks,

    Ryan

    0Reply
  • Jorge Magana
    Lender · Longwood, FL · Member since 2015 · 58 posts · 18 votes
    9y

    Hi Chris,

    Let me know if you have any questions on lending or the area in general, I mostly invest in Seminole and Orange county. I can help you find competitive and investor friendly loan programs.

    0Reply
  • Dan Bhide
    Orlando, FL · Member since 2016 · 4 posts · 1 vote
    9y
    Originally posted by @Justin Stamper:

    @Chris Anderson

    Just curious, why Orlando? I still am confused why out of state buyers want to come here when they have so many other out of state markets with higher returns and lower prices. 

    Justin - I am curious to know which other states / cities do you think have higher returns and lower prices? I have seen some articles that refer to smaller towns at the top of someone's list but not sure if the short-term economic conditions that may favor them will last in the long run. Big cities (and nearby suburbs) of Florida and Texas seem like better long-term bets. Am I missing something?

    0Reply
  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    Any market can yield a great deal if you make enough offers. I personally like the State of Florida because it is investor friendly, has no state income tax, and people are retiring from up north and moving here. Demand has been strong and many feel it will continue to be strong. We see a steady and strong influx of people from the north as I am sure the Orlando market does as well.

    0Reply
  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    @Account Closed

    I like your area. It has been some time since I visited. My only objection to branching out to other areas with investments if management. I just had to fire a REALLY bad one dealing with an out of state property. I may take a leisurely drive to your area this weekend if the weather holds. It is absolutely gorgeous today!

    0Reply
  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    @Account Closed

    Send over a PM and I may give you a call if the wife and I make it over there this weekend. I am shocked...12K for an eviction? Obviously, the laws and system are geared against those with an entrepreneurial spirit wanting to build a better life and stable income. I also see posts from other BP members about horrendous laws enacted in other states like WA. The government has indeed gone wild!

    0Reply
  • Marelyn Valdes
    Investor · Ocala, FL · Member since 2016 · 299 posts · 110 votes
    9y

    I can't imagine 12K for an eviction.  I am currently evicting a tenant and am upset it's been about 3 weeks since I started and is costing me a little over $250 (plus another $90 if I have the sheriff do the writ of possession).   If you own the property in FL, you can do your own eviction and just pay the court costs, process server and sheriff.  We also don't have rent control, so you can raise rents whenever you are out of the lease.

    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    9y
    Originally posted by @Dan Bhide:
    Originally posted by @Justin Stamper:

    @Chris Anderson

    Just curious, why Orlando? I still am confused why out of state buyers want to come here when they have so many other out of state markets with higher returns and lower prices. 

    Justin - I am curious to know which other states / cities do you think have higher returns and lower prices? I have seen some articles that refer to smaller towns at the top of someone's list but not sure if the short-term economic conditions that may favor them will last in the long run. Big cities (and nearby suburbs) of Florida and Texas seem like better long-term bets. Am I missing something?

     Seems like my friends at Ohio Cashflow are getting way higher returns and way cheaper entry points. @Engelo Rumora

    1Reply
  • Engelo RumoraBusiness Member
    Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
    9y
    Originally posted by @Justin Stamper:

    @Chris Anderson

    Just curious, why Orlando? I still am confused why out of state buyers want to come here when they have so many other out of state markets with higher returns and lower prices. 

    Justin - I am curious to know which other states / cities do you think have higher returns and lower prices? I have seen some articles that refer to smaller towns at the top of someone's list but not sure if the short-term economic conditions that may favor them will last in the long run. Big cities (and nearby suburbs) of Florida and Texas seem like better long-term bets. Am I missing something?

     Seems like my friends at Ohio Cashflow are getting way higher returns and way cheaper entry points. @Engelo Rumora

    Oi mate,

    You ready to rock the world with our anti-guru antics?

    I'm pumped and started interviewing security guards for us hehe

    Can you fight like a mongrel or do we need to get a CCW? hehe

    Once we open the curtains, there will be trouble hehe

    Thanks

    ps. We offer $55,000 - $70,000 turnkey properties that show around 12% gross cap rates and around 8-9% net (Dependant on how you do your pro-forma calculations). Area is top notch and we live in the same areas we invest in.

    Podcast Guest on Show #89
    Oz Realty4.5356 Reviews
    WebsiteView Page
    0Reply
  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    9y

    @Engelo Rumora born ready. 

    love a good fight,but carry with a CWP everyday. 

    just texted you 

    1Reply
  • Engelo RumoraBusiness Member
    Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
    9y
    Originally posted by @Justin Stamper:

    @Engelo Rumora born ready. 

    love a good fight,but carry with a CWP everyday. 

    just texted you 

    Ok mate,

    I'll watch you fight and when you drop someone, I'll jump in and give em a few soccer kicks hehehehehe

    x

    Podcast Guest on Show #89
    Oz Realty4.5356 Reviews
    WebsiteView Page
    0Reply
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