Orlando Neighborhoods for small MFH

[Easton Curtis]

Hello BP Community. I'll be moving to Orlando in about a year. Once there, I plan to make my first investment by purchasing a small MFH that could use some TLC, complete some cosmetic repairs, and house hack. I'm currently checking MLS listings each day and crunching the numbers in order to develop my analyzation skills.

I was curious to see what any current Orlando investors would advise in regards to specific neighborhoods. I've been told that most of College Park (sans the south end), Baldwin Park, and Valencia are good areas for what I'm looking for, and to avoid Plain Hills and certain areas of Kissimmee. Does anyone have any recommendations on areas that I should avoid or should look into?

For example, I found a good deal for a triplex that needs some minor cosmetic repair on the edge Timberleaf, just off of 526. From what I could tell, it seems like a relatively good area and it's right across from Valencia College so demand isn't an issue. I'd be curious as to what locals thought about the area.

[Mike Shulman]

Multi-family is a tight market in the central Florida area. I currently own three and they were like looking for a needle in a haystack. You may want to consider doing a house hack and adding an ADU or convert the garage into a living space as the rental. This is a great way to add value and offset living expenses through a house sack without the expense of finding the multifamily property. If you want multi-family I suggest finding someone that is good at off market acquisition. Once they hit the MLS it's almost too late with something like multifamily.