All Forum Posts by: Mark Vivanco

@Tyler Gibson what you wrote is understatement :) I have been closely monitoring Orlando for 3-4 months.  I've yet to find anything that is remotely close to positive cash flow, let alone $250+ cash flow in Orlando in the $200k-275k range.  Is he looking in Orlando though?  I believe he is asking about other areas.

@William Rojas I am speaking with Jose Vega as well.  I haven't pulled the plug as to what deal I want.  I haven't found anything "sexy" yet.  What "innovative protections" are you talking about?

@Noam Ofan I am talking with Tommy about a couple opportunities but I have not used them yet. They have answered a lot of questions I've had. That is the extent I've worked with them.

@D Allen Orlando and surrounding counties.

@Ricardo Torres what does that mean exactly?  

@Ruben Correa I'd be remote.  I live in PA.  I'm figuring on total out of pocket being $50,000.

@Matt Nico and @Ruben Correa I have been investigating Orlando in general and outlying towns like Winter Garden. Only thing I can find in Winter Garden are homes in, what appears to be, really bad areas. The agent is telling me he never sees rent below 1650 in Winter Garden. I find it hard to believe someone is going to be paying that amount of rent in the area he showed me.

Then for Orlando, I don't know neighborhoods or zipcodes. I just search Zillow and Realtor.com for homes. When I see something that looks ok, I start trying to compare rents. Rents, from what I can see in Orlando, are between $1200-1500. With 20% down, depending on how new the home is and HOA, if I can get a 1-2% CoC I'm lucky.

It seems like Orlando, might have better appreciation and rents than towns like Kissimmee. Pulling the trigger on my 1st one has to be a good one so I don't get scared away.@Ruben Correa

@Roi Horowitz I think it depends on where in FL.  The market I am checking, Orlando area, you wouldn't be able to do anything.  What you are saying you want to do, is very doable but depends on the area.  And realize what you want to do, many others would and are looking at doing the same thing.  They have cash to pay for properties, will do zero inspections, etc.  So early bird gets the worm kind of thing.  I think you need to target an area, do your hw (LOTS OF HW) and determine if the area is capable of sustaining what you want to do.

Is it worth getting an investment property in Winter Gardens in a not very desirable neighborhood?  It appears to me rents would be between $1100-1200/month which is much lower than the nicer neighborhoods.  The interior would be nice, but the neighborhood, to be nice, is not very nice according to what I can see on Google Maps.  I'd be a remote owner and would have a property manager run the property.  They always tell me what I want to hear so I am doing my homework and while the home looks ok, the neighborhood is a concern for me.  I don't know how easy the home would be to rent.  I find it not so obvious it is to figure how easy it is to rent homes in a neighborhood let alone at various rents.

I'm looking for an investment property in Orlando. I'd be a remote owner and not familiar with the various neighborhoods. Can anyone guide me to neighborhoods with the best dollar value for rent vs purchase price so I can start researching for possible opportunities.  Orlando is so big with a lot of neighborhoods, I'm spending hours and not really getting anywhere.  I need some help narrowing it down.