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Updated almost 4 years ago on . Most recent reply
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Long term Rental Property Investment in Orlando area
I am out of state investor looking to buy a rental Single family home in the Orlando area. I needed some advice about the area.
My price range is from 250K to 300K. I am planning to buy property built after 1990s so that it will require less maintenance.
I was reading online and from the previous forums and I saw the mentions for: Apopka, Minneola, Clermont, Mt Dora area. And also St Cloud area in south.
Since I am not familiar with the area, It will be really helpful if you can share your advice about the area where I should be looking at. Also if any of the above areas are good or any other suggestions.
I know the positive cash flow is going to be difficult but the area where renting will be easy plus some decent appreciation in the long term will be ideal!
Thanks in Advance,
Monty
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@Jon Wanberg and @Shawn McCormick I started looking at Orlando and homes in the nicer areas (B/B+) seem completely out of reach for the 300K price for rentals. Am I missing something? Are these for the major rehab properties? I don't imagine a 2000 year or newer would need any drastic rehabs. What about new builds? Maybe I am looking in the wrong area-prefer families in decent school area.