Own 2 Single Family, Looking to Learn and Expand

[Andrew Galloway]

Hello. I am a new investor in the Orlando area. My parents are real estate agents but I just got into real estate investing over the past few years. I am a military contractor and spend a lot of time overseas. I am looking to learn and create specific strategies to create wealth in the medium to long term. I am currently looking and experienced with single family but am interested in learning more about commercial also. I've been targeting new communities between Orlando and Tampa due to greater affordability, my experience in the area and the simplicity of them as single family. I'm open to any connections or advise. I have an MBA and have a decent amount of experience with stock investing. I have a lot of general real estate knowledge but not specific professional investor knowledge.

[Ash Patel]

My advice is to look at non-residential commercial.  You can find great commercial properties for the same price as a 4-plex.  Commercial has way less overhead and headaches.  You rarely get phone calls from your tenants and they are business owners vs. folks with kids, pets, showers and toilets.  Usually if there is a plumbing or electric issue, it falls on the tenants.  

Most people think Commercial is too hard and too expensive.  It is neither.  I can't tell you how many investors I have spoken with that chase low margin apartments and they want nothing to do with Commercial because they know nothing about it.  This keeps the competition away and the returns higher.