All Forum Posts by: Matthew Lamoreaux

If you are in or a former service member that has access to your VA loan, here is some food for thought. College attendees and parents of such I'll get you next.

Military members, instead of buying that nice house for your max housing allowance, thank about buying a multi-family. the VA loan allows you to purchase up to a quad plex. So think about all those military members looking for homes to rent near your bases and the ones not brave enough to take that step. Now think about it if you made a career out of the military and all the properties and sources of income you would have after 20yrs of service. The best part is those locations are dependable and you have direct access if they don't pay their rent. Had I known or even thought about this while I was in my portfolio would look much different.

College attendees and parents of such (this also goes for those veterans transitioning out and heading to school. Why pay someone else when you can purchase a property near the school that you know will have long lasting clientele flow and where you actually make money instead of just "throwing it away" to another landlord. Sell it when you child leaves school or continue to rent it out either way is a win win for you. Lets be honest these are college kids, they don't the taj mahal so the price point should be manageable and if you invest in a multi-family then that's even more income paying for your investment.

Investing isn't always difficult, sometimes its just thinking clearly or having someone point out a new point of view.

Thanks for reading and keep investing.

1 Vote

Orlando, Florida

Investment Info:

Single-family residence buy & hold investment in Kissimmee.

Purchase price: $1,130,000

11 bed / 10 full bath / 3 half bath in gated community 15 min from the Disney parks

0 Votes

Quote from @Ken M.:

Quote from @Matthew Lamoreaux:

Hey Everyone,

Just wanted to jump on here and put a few thoughts into the investa-sphyer lol.

1. There is no better time than now to start your investment portfolio.

2. The market in Orlando is not the general market of the country. No other place has 4 Disney parks, 3 Universal parks and 2 Busch Garden parks (Sea World / Discovery Cove) in one spot.

3. Due to the listed parks above Orlando is one of the few places where the market is not projected to drop, plateau maybe but the short term market is always going to here.

4. If investing in Orlando talk to an agent that understands what you want and who wants to help you make your financial dreams become a reality.

5. Work with someone you can build a relationship with, someone who you can do multiple deals with to build trust and understanding.

6. Its your portfolio the agent is just there to help you not make decisions for you.

7. Have a plan for your investment how you plan to market, maintain and grow your business, that's what this is..... a business, so treat it like one.

8. This goes with number 5, find a lender who knows the local market and understands what you are trying to accomplish.

9. Lastly, have fun and enjoy

Matt Lamoreaux

eXp Realty

Have the Condo problems and HOA difficulties or Insurance costs affected the area or is it more along the coast?

Hey Ken, There is some movement there but nothing like what the coastal cities are seeing. There are some insurance companies trying to back out of the state in general which you see by rejected claims and higher rates but again most of the specific hikes are around the coast.