Orlando, Florida neighborhoods

[Andre Salerno]

Hi Everyone,

My business partner and I are preparing to head down to Orlando from NYC to enter real estate investment full time.  Our goal is mainly to find undervalued properties (up to approx 100k) and complete fix and flip projects.  However, we are open to renting some properties as well if we find that they are challenging to liquidate.  At this stage we are trying to gain more insight into different neighborhoods in and around the Orlando area that may be suitable for our goals.  We would like to invest our money in safe neighborhoods.  Can anyone recommend any resources for learning more about neighborhoods in the Orlando area?  When we arrive in approximately two weeks we are planning on giving ourselves a thorough tour but it would be nice to have some general idea of different areas before then.  Thanks for any help you can provide!

[Cheyenne Davis]

We consistently come across sketchy wholesaler numbers in this market. Always have and probably always will. That's not saying there's no honest and ethical wholesalers here by any means, or in any market for that matter, but on any given day our inbox sees several "deals" from wholesalers with, let's just say "questionable", numbers. For giggles, anyone who disagrees should sign up on some local wholesale lists and take a close look for themselves, then go view a couple houses that are on the list and also drive the comps they include to get to their numbers. It's true that what one person can get a rehab done for may be less than the next person, plus investors have different exit strategies, but you're fooling yourself if you think that there's not plenty of wholesalers here that inflate resale values and deflate renovation estimates (even when it's just their guesstimate). But again, there is of course, the honest one's too...