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Updated about 4 years ago on . Most recent reply

Having trouble finding a good deal
I currently live in Ft Lauderdale and am relocating to the Orlando area. I'm trying to find a good deal but having alot of trouble. Duplexes, and triplexes are either too expensive or are gone in minutes. Curious on any suggestions? I was thinking about getting a single family home and either rehabing one and flipping or getting one that doesnt need much renovations and renting the extra rooms out. My other idea was to get a condo since those are going pretty cheap in the area and I could rent it out and get something when im there. I'm a realtor and I have my license placed with a broker in Orlando so that helps alot too. Any advice would be tremendously appreciated. Having a rough time at the moment, and I feel like anything that goes on the MLS isnt even a good deal except condos, but than everyone I talk to tells me condos arent a good move.
Most Popular Reply

Hi Adrian,
I was having the same problem over here in Chicago. I decided to go with a condo! Yes, there are plenty of people that say that they aren't good investments however plenty of people have had success in condos as well! I was also considering doing a live in flip in a single family. All are good options, I would do your due diligence and crunch those numbers! The main concern that is brought up is special assessments for condo units. I would check the financial condition of your condo association and then check the condition of the roof/windows other things that they may tack a special assessment on to fix.
Thanks,