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Updated almost 2 years ago on . Most recent reply

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Rendy Richiez
  • Rental Property Investor
3
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11
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Please help making a decision

Rendy Richiez
  • Rental Property Investor
Posted

Getting to the point guys. There’s a property I went to see, (duplex) but it’s in the country side area of Florida like 1-1:20 minutes from Orlando. The place is growing, but it still looks desolate, streets are mostly without asphalt, people just go there mostly on winter time from the north for vacation, so the town is pretty quite on summer time, and looks like renters does not stay long. But still have a lot of homeowners that live there. Mostly retirees. What time of neighborhood is this? A, B, C,D…? Would you buy it? Thanks.

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,072
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Rendy Richiez:

Nobody can answer this without a lot more detail. The class of property is defined by the quality, not the location to attractions. What's the crime rate? School quality? Financial stability of residents? Condition of properties?

Even after knowing the class, we still have to know the purchase price, rental rates, and much more.


  • Nathan Gesner
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