Updated over 7 years ago on . Most recent reply

Relocating to orlando , looking for cash flow property
Good Afternoon BP family!
My name is Pedro and I am 28 years old, I am fairly new to real estate but not a complete newbie. I recently just got married and decide to relocate to Orlando. Since my wife is originally from their, we have an idea on where we want to buy but I need the help of my BP family. We have been looking for a new construction townhome in the Lake Nona, ST cloud area for under 250k. We plan on using A FHA loan ( which state we cant rent it out for 2 years if I am not mistaken) but I am having a hard time finding any property that shows positive cash flow in the future. So my question for my BP Family is, should I start looking in a different area? if so where ? or is it harder to cash flow with something that new construction and just consider looking for something used? Any tip is greatly appreciated
Most Popular Reply

Make the clear distinction between your primary residence, and investment property. You will not get any positive (or barely positive) cash-flow from new builds in those areas.
Focus on either your primary, OR investment, do not try to mix the 2 because you'll only keep going in circles and not get anywhere. For primary residence, those areas are very nice. For investment / cash flow properties, 32810, 32808, 32811, 32818, 32805, 32839, 32835 and 32809 will be your best bets.