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Updated almost 4 years ago,
First rental property in Orlando any suggestions please
Hi!! I'm so glad to find this forum!! Very general question here hope to get some guidance for a start... I'm interested in buying my first rental property in Orlando for cash flow purpose (managing out of town - I'm located in Miami).
What would be a good area to start? I've looked at the following areas
1. Winter Garden, homes are in high demand and on the expensive side, but the listings seems to be leased real fast (from what I see within 7 days) I even considered buying a new constrution home but have to be on wait list.
2. Lake nona, Tax seems higher here or am I getting the right information.
3. Kissimme Lots of homes for sale, rent seems to be going down
4. Oviedo and Alafaya, old homes might need renovation, is there a big rental market here?
My Budget ideally is <300k but can go up to 350k for good appreciation.
Prefer single family homes with no HOA or townhomes with low HOA under $200. Looking for high demand rental market of course.
I just started my research, Any suggestions please? areas or zip codes to look at? tips for newbies? opinions on the above areas? Thank you so much.