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?

[Tyler Gibson]

Originally posted by @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?

 This has been the case since 2019. Off-market properties are probably the only thing here in Orlando that will make sense. I suggest you look at Lakeland. Numbers there are more appealing. Also not sure what your are calculating as far as management but I know a couple managers that do it for 8%.