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Updated over 4 years ago,
Anyone doing Brrrr right now in Orlando and surrounding areas?
I am new to real estate investing. I'm trying to do my homework as much as possible. I'd be a remote investor. I'm looking to buy in the "Orlandoish" area since I will retire down there in 10-15 years.
I took a step forward by reaching out to one of the bigger, more popular, property management companies that serves the Orlando area. I was advised that Brrrr isn't right now for Orlando and surrounding areas. He said I will be almost impossible to find a property. He is advising me to go in the direction of a single family new construction which seemed a bit odd to me. He is going to send me the prospectus tomorrow. Said there should be about a $300 positive cash flow. He said the new construction, is around 150-170k. While that might be OK, it would tie up all my cash and thus I'd have to save up to get into another investment.
Anyone doing Brrrr right now, or recently, in Orlando or surrounding areas?
I took a step forward by reaching out to one of the bigger, more popular, property management companies that serves the Orlando area. I was advised that Brrrr isn't right now for Orlando and surrounding areas. He said I will be almost impossible to find a property. He is advising me to go in the direction of a single family new construction which seemed a bit odd to me. He is going to send me the prospectus tomorrow. Said there should be about a $300 positive cash flow. He said the new construction, is around 150-170k. While that might be OK, it would tie up all my cash and thus I'd have to save up to get into another investment.
Anyone doing Brrrr right now, or recently, in Orlando or surrounding areas?