Orlando Market

[Jeremy Kuchenbecker]

What is everyone's take on the buy/hold rental market in Orlando? I'm looking at du/tri/quadplexes and having a difficult time finding anything in a +C area with acceptable (10%+) cap rates. I still think we have some juice left in the market and rental rates but the margins are really tightening up. 

[Jeremy Kuchenbecker]

@Federico L. Hey man glad you found BiggerPockets, I've been on here for a couple of years and can't put a number on the amount of value this site and everyone on it has given me. I'd actually revise my original post about 'having some juice left' and say that Orlando, from looking at the population, job, and overall growth trends is really heating up. 

To find deals, I have used pretty much every mode possible with the exception of direct mail simply because I have a day job and direct mail is too time consuming. Up until about 6 months ago I have found good deals using Realtor.com/Turlia/Zillow and even with Loopnet I picked up one. Right now, unless your able to act extremely quickly, even properties listed on the MLS are very, very competitive.

I just went under contract on a duplex in Apopka. The way I found that was by getting in contact with every wholesaler possible, calling every "cash for properties'' sign, and checking their listings pretty much everyday. My advice is to be relentless with every medium possible, but going the wholesaler/off market route is what just worked for me recently.