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Updated almost 7 years ago, 02/19/2018

User Stats

57
Posts
21
Votes
Pedro Recarey
  • Brooklyn, NY
21
Votes |
57
Posts

Relocating to orlando , looking for cash flow property

Pedro Recarey
  • Brooklyn, NY
Posted

Good Afternoon BP family! 

My name is Pedro and I am 28 years old, I am fairly new to real estate but not a complete newbie. I recently just got married and decide to relocate to Orlando. Since my wife is originally from their, we have an idea on where we want to buy but I need the help of my BP family. We have been looking for a new construction townhome in the Lake Nona, ST cloud area for under 250k. We plan on using A FHA loan ( which state we cant rent it out for 2 years if I am not mistaken) but I am having a hard time finding any property that shows positive cash flow in the future. So my question for my BP Family is, should I start looking in a different area? if so where ? or is it harder to cash flow with something that new construction and just consider looking for something used? Any tip is greatly appreciated

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