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Updated over 9 years ago on . Most recent reply

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Amie Lamb
  • Investor
  • Orlando, FL
4
Votes |
22
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Is the 2% rule possible in Orlando FL?

Amie Lamb
  • Investor
  • Orlando, FL
Posted

I am new to REI and have been practicing analyzing deals to get a feel for my ideal price range and rent targets. I am getting no where close to the 2% rule and rarely even hitting 1%. I realize these are just rules of thumb, but I am wondering if this is typical for Orlando? What are other Orlando investors getting?

I am looking to buy a small multi-family property near downtown Orlando area - College Park, Delany Park, Thornton, the Milk District, Audubon Park etc. My logic is that these are places that I would want to live -  and I am the type of tenant I want to attract. (Mid to late twenties, working professional, able to pay rent but not quite ready to buy a home, I would feel comfortable managing them etc.). I also feel these are areas that would likely appreciate. 

I would love to hear from other local investors to know if I should hold out for a deal that comes close to the 2% rule, 1% rule or just throw these rules out the window for Orlando?

Most Popular Reply

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388
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62
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Steve Smith
  • Beverly Hills, FL
62
Votes |
388
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Steve Smith
  • Beverly Hills, FL
Replied

@Amie Lamb I live west of Orlando but do invest in the Orlando area and finding rental properties that fill the 2% rentals are very very hard to find even a 1% is difficult to find but they are out there. Please note that The 1% and 2% rule should not be called a rule but used as a guide line

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