All Forum Posts by: Andrew Ashby

@Joseph Palladino, I agree with others about the scarcity and/or desirability of small multi-family in the $100,000 range. This problem will be complicated and wide ranging until you know exactly where you'll be working and living. You can always look on the fringes of the metros for affordability as long as you know which metro you'll be tied to (Orlando or Tampa). You can live in Lakeland and commute to either Orlando or Tampa (45 minutes to either one), but of course there are trade-offs. 

1% deals can still be had in Central Florida. Rent and sales prices will continue to be buoyed by high population density and a diversity of population growth factors: job growth, organic population growth (births), and domestic migration (retirees and so forth).

At this point I'm looking at the more rural areas of Central Florida because the rapid price appreciation in the bigger cities. Lakeland is ideal if you can snag something at 1% or better, but unfortunately it's one of the 9 Florida metros (among the top 25 nationally) that have seen the most price appreciation since 2012. 

@Bran Mogin, all depends on your goals, i.e. cash flow, using the property yourself, etc. Plenty of new construction resort homes if you're not necessarily looking for cash flow.

@Guy Hakim. Hello. I may have a few contacts for you. Many different trades and specialties I could refer to you.

@Robert Carlson, yes 1% deals still possible on the fringes of Metro Orlando.

@Shawn Mcenteerwelcome. I'm a Broker in Orlando myself. It's still an attractive rental market despite rising prices (and rents). 1% deals can still be had in the periphery. Strong jobs and population growth. I love that it has such a diverse array of growth factors, namely organic growth (births), retirees, job growth, retirees, etc. Helps that it's pretty well insulated from hurricanes compared to the rest of the state.

@Stephanie Simmons, welcome to BP. You're in the right place. The more rural areas of Florida like Lakeland and its environs offer great investment potential. 1% deals can still be had, and sometimes more.

@Tyler Speelman, I've encountered this exact issue myself and it's the reason why I usually include an addendum in the lease addressing early termination of the lease. It allows the tenant to cancel the lease at any time for a fee in the amount of two months' rent.The tenant did indeed exercise that option, I pocketed the cash, and found a new tenant within a week. 

@David Coatney, Florida as a state is a growth market. The state receives about 25% of all domestic moves in the U.S. Additionally, Metro Orlando is a disproportionate recipient of intrastate moves within Florida. 1% deals can still be had here, and sometimes higher if you don't mind getting into some of the tougher or more rural areas. The demographic trends are there for anyone to see. Even if actual home sales begin to decline, the rental market will remain strong. Many of the retirees who relocate here are opting to rent instead of buying anyway, and they don't rely on jobs as a motivator for their move.