Buying my first investment property in Orlando Florida.

[Nelson Garcia]

Hello everyone my name is Nelson and I just joined. I am looking to soon Invest in  my first rental property  somewhere between Orlando and Tampa or Jacksonville Florida.  My initial investment looks that I can be anywhere from 50k to 60k.  

By the research that I have done it looks like that can only get me like a two bedroom one bathroom condo or something in that category ;  which is fine for me as long as it's something that I can pay for cash and avoid any kind of loans. 

I wanna stay away from the remodeling or rebuilding as I am in a strict budget for this. Can anyone here provide some meaningful and experienced opinions? Or if someone is in or has been in the same situation it would be great to hear from experience as well. 

Thanks 

Nelson !!! 

[Gus Ross]

@Nelson Garcia I have prospected in Orlando a bit and lived there for a decade.  50-60k would work as a down payment on a property but wouldn't go nearly as far as it would it in Jacksonville.  I'm unfamiliar with the Tampa market so can't speak much to that area.  The KPI's in Orlando, like job growth and population growth, are among some of the best in the country but you'll pay a premium to get into that market.  There has been significant price appreciation in hot areas of that market.

Best of luck!