All Forum Posts by: Andrew Ashby

If you're interested in Orlando, I can help you. I have market reports on the Orlando Metro Area.

Completely agree on the absence of cash flowing 2-4 units. Most of them aren't for sale, and those that are for sale are grossly overpriced. You'll have to look in neighboring counties: Polk, Osceola, Seminole, and Lake.

@Tyler Bedashi, welcome to BP! You're in the right place!

@Jason Morrow, welcome to BP! You're in the right place! I've lived in Jacksonville, I own property there still, and I left the Navy in 2013. Knowing what I know now, I would have gotten licensed and entered real estate full time back then when I separated. However, you're going to need significant cash reserves to go the first several months without getting paid and I would recommend staying in the military reserves for the sake of health insurance. 

@Rachel N., I just moved out of my former primary residence in Chattanooga and just added it to my rental portfolio when I quit my job and relocated to Orlando. I bought it for $338,000 (retail price in a great neighborhood), paid 5% down, the monthly PITI is $2,115, and I rented it out for $3,000 per month. Not bad cash flow for a 5% down deal on full retail price. If you're in one of the high end areas of Orlando, you may well be able to achieve similarly high levels of cash flow. I routinely work with leasing clients who are looking to rent in the $2,000 - $3500 per month range. I can help you figure out what the market rent may be for your house if that sounds attractive. You're also correct about how much the Orlando market has appreciated over the last several years. It's a red hot market for sellers right now, and you're setting on a lot of equity that could be used for your investing (either in the form of a HELOC as you mentioned or as cash after the sale).

@Joseph Mceneaney, Orlando is the single most visited tourist destination in the entire United States with 68 million visitors in 2016 alone. It's hard to match the vacation rental viability and easy acquisition for vacation rental properties here. I have buy-and-hold market and sales reports on the Orlando Metro Area if you're interested. PM me. 

@Tom Depuma, welcome to BP! You're in the right place. My own properties are in Jacksonville and Chattanooga. I have market reports on the Orlando Metro Area if you're interested. PM me. 

@Account Closed, welcome to BP! I started my Navy career in Jacksonville and I still own property there. I got licensed through the Bob Hogue School of Real Estate (online) and I highly recommend it. You can get through the school while you're deployed and take the license exam when you return. 

@Anthony Musacchio, welcome to BP and Jacksonville! You're in the right place. I own property in Jacksonville and it's a good market to get started. 

@Robin Hines, I haven't attended any yet. However, I'll be at the State of Orange County Real Estate meeting this Thursday evening.