Good areas to invest in the Orlando area

Rental Property Investor · Daytona Beach, FL · Member since 2018 · 21 posts · 3 votes

Does anyone know good areas to invest in in Orlando? I live in Daytona Beach and am planning on moving there to go to UCF and also invest in real estate. I hear of so much crime on the local news channel, so I’d like input from anyone that knows the area down there.

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David Baier

Rental Property Investor · Orlando, FL · Member since 2018 · 545 posts · 386 votes

@Account Closed Hey Shivam, the best thing you can do is get a duplex or decent sized single family home and rent out the additional rooms while you are on campus. House hacking is one of the best ways to kick off an REI career! There are plenty of great areas around UCF to invest in, it will really depend on what you are willing to spend and how close you want to be to the University as the closer you get the less inventory there is. I'm a former UCF alum myself, let me know if you need any help or have questions!

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Chai Xiong
Investor · Orlando, FL · Member since 2012 · 312 posts · 165 votes
8y
That's a good long drive from Daytona to UCF.. Orlando is fairly large, i would say invest in the town you live in before you venture further.
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Account Closed
OP
Rental Property Investor · Daytona Beach, FL · Member since 2018 · 21 posts · 3 votes
8y
@Chai Xiong Thanks for your input. It is a long drive, which is why I want to move down there. I am already investing in a condo flip here. My plan is to take the profits off this flip, and reinvest that back into a buy and hold property. Initially, I’d like to live in it while I save up more funds to reinvest back into another property. When I am ready to reinvest, my plan is to rent the buy and hold property. Any thoughts?
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Chai Xiong
Investor · Orlando, FL · Member since 2012 · 312 posts · 165 votes
8y
My opinion right now is airbnb is lucrative right now especially in Orlando. Find a decent size home and rent out the rooms if you like to live in it. Or if you to just do a entire house target kissimmee area
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Charlie Pioli
Orlando, FL · Member since 2018 · 14 posts · 4 votes
8y
Hi Shivam. I also own property in the UCF area. I think you're smart investing near the university since the rental market will always be strong coming from the students. If you're interested in meeting up for a coffee and expanding your network, drop me a message. There also could be an opportunity to work together.
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David Baier
Rental Property Investor · Orlando, FL · Member since 2018 · 545 posts · 386 votes
8y
@Account Closed Hey Shivam, the best thing you can do is get a duplex or decent sized single family home and rent out the additional rooms while you are on campus. House hacking is one of the best ways to kick off an REI career! There are plenty of great areas around UCF to invest in, it will really depend on what you are willing to spend and how close you want to be to the University as the closer you get the less inventory there is. I'm a former UCF alum myself, let me know if you need any help or have questions!
4 Reply
Tyler GibsonBusiness Member
Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
8y
@Account Closed is right that you should try a house hack while you are at UCF as rental rates are strong in Orlando right now.
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Justin Stamper
Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
8y
Hey Shivam,
I live right in Orlando and I love the area! I would have to say that you should take a trip to Orlando and drive around, it is honestly the best way to see what type of area the houses you are looking at are in. Message me if you have any questions about looking for houses in Orlando.
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Alex Olmo
Specialist · Orlando, FL · Member since 2017 · 127 posts · 38 votes
8y
Im an investor, appraiser & realtor in Orlando. Area/Location depends on price range, investment type and growth. PM me for more info.
0 Reply
Ann Park
Rental Property Investor · Orlando, FL · Member since 2018 · 2 posts · 1 vote
8y
@Chai Xiong Hi Chai I am interested in Orlando area too. May I ask why you recommend kissimmee area?
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Javier Marchena
Investor · Winter Springs, FL · Member since 2010 · 165 posts · 68 votes
8y
If you are thinking on moving to the UCF area, I would say look there for investments. There are some 4plex being sold there from time to time.
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Kelly Iannone
Rental Property Investor · Orlando, FL · Member since 2018 · 301 posts · 354 votes
8y
@Ann Park Kissimmee is adjacent to Walt Disney World which is of course a huge draw for visitors and the largest employer. However, there are a lot of STR there so do your due diligence that the market is not over saturated...I don’t know as I invest in long term rentals.
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Chai Xiong
Investor · Orlando, FL · Member since 2012 · 312 posts · 165 votes
8y
@Ann Park I have long term rentals in Orlando and Kissimmee.. This year i purchase short term rentals and found so far they net more in income.
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Cristian Aviles-Morales
Orlando, FL · Member since 2016 · 92 posts · 36 votes
8y
@Chai Xiong Nice! Glad to see someone making it specifically here in Kissimmee and Orlando! When you first bought your long term rental, how good was the deal? Did you put any money into it or have a HML? And if it's not too personal, how much do you make on each door after expenses average?
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Chai Xiong
Investor · Orlando, FL · Member since 2012 · 312 posts · 165 votes
8y
@Cristian Aviles-Morales I started during the housing bubble and they are all conventional loans. I stick with BP rules they are all above 200 bucks per door.
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Cristian Aviles-Morales
Orlando, FL · Member since 2016 · 92 posts · 36 votes
8y
Originally posted by @Chai Xiong:

@Cristian Aviles-Morales I started during the housing bubble and they are all conventional loans. I stick with BP rules they are all above 200 bucks per door.

Nice that's my aim too as well. How are you enjoying using conventional loans mostly instead of HML or private money?

When you first started did you already have cash waiting to be put to use?

And by chance, do you rehab on your own or do you contract out?

Excited to be talking to someone who is local to me so sorry if I come at you like a train with my questions!
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Yasuha J. Dorce
Realtor · Miami, FL · Member since 2018 · 53 posts · 23 votes
8y
@David Baier Say hello to @Joseph Graeve
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