Finding Cash Flowing Deals in Orlando

[Cooper Reece]

Hello, I’m struggling to find deals that will cash flow well in Orlando. I currently own one triplex in College Park that I bought in 2018 and I house hack. I have been on the hunt since then to find a second deal and nothing seems to come close to a 10% cash on cash deal. I’m mostly looking for duplexes/triplexes/quadplexes anywhere in central FL. Most stuff I see, after accounting for the mortgage, taxes, insurance, and estimated repairs/maintenance, would yield something like 4-5% cash on cash, and that doesn’t even include using an outside management company!! For me personally, I would rather avoid the headache and keep my money in the stock market. Also, anything that’s a decent property typically gets bid up quickly or receives a ridiculous offer (last one I went for went under contract for 25k above ask and NO inspection period!). Am I missing something here? Personally, I think appreciation is great, but to me it’s icing on the cake. Cash flow is king. I want to hold for the long term and live off the cash flow. I have been calling on owners to see if they are interested in selling to try and get something off market but not too much luck so far. Any suggestions?