First time investor with 350k Max

4 Replies

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.

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.

@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.