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Updated about 4 years ago,

User Stats

4
Posts
2
Votes
Levon S.
  • Investor
  • Clearwater, FL
2
Votes |
4
Posts

Investing in Central Florida/ Orlando area ASAP!

Levon S.
  • Investor
  • Clearwater, FL
Posted

Hope everyone is doing well!

I'm a new investor in the Orlando area, and have been scouring the market now for a few weeks, looking to buy a primary residence asap, as my lease ends in Feb. Most likely a SFH, due to multi-families seeming nonexistent in my area. (Currently pre-approved for a conventional, owner occupied loan. 5% down, 3.25% fixed, no pmi. 30yr) My current game plan is to do this once a year at the very least, and do some more creative long term investments in between. (Especially if there is a flood of new inventory)

The reason for the post is that I'm looking to connect with Insurance brokers, contractors, investor-friendly agents, and other investors in the area. Also looking for some insight on what everyone thinks of my plan. I've analyzed over a hundred deals, and I'm seeing around 10-15% COC return on just plain, noncreative rentals, but was hoping for better opportunity on these. I'm more focused on building long term wealth through appreciation, principal paydown, and taxes (verses just looking at the COC return, even though I believe it to be important)

If anyone wants to connect, or has any advice for me, I'd truly appreciate it!

Thanks,
Levon

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