Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Orlando Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

57
Posts
21
Votes
Pedro Recarey
  • Orlando, FL
21
Votes |
57
Posts

Relocating to orlando , looking for cash flow property

Pedro Recarey
  • Orlando, FL
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

Most Popular Reply

User Stats

311
Posts
150
Votes
Chris Grenier
  • Flipper/Rehabber
  • Orlando, FL
150
Votes |
311
Posts
Chris Grenier
  • Flipper/Rehabber
  • Orlando, FL
Replied

Make the clear distinction between your primary residence, and investment property. You will not get any positive (or barely positive) cash-flow from new builds in those areas. 

Focus on either your primary, OR investment, do not try to mix the 2 because you'll only keep going in circles and not get anywhere. For primary residence, those areas are very nice. For investment / cash flow properties, 32810, 32808, 32811, 32818, 32805, 32839, 32835 and 32809 will be your best bets. 

Loading replies...