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Updated almost 9 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
David Reyes
  • Investor
  • Orlando, FL
3
Votes |
25
Posts

Investors from florida or Investing in florida !

David Reyes
  • Investor
  • Orlando, FL
Posted

Hello everyone hope all of you are doing really great !!!

Iam an investor looking to invest in florida (wich is the place that I live) and i have spotted some neighborhood that I would love to invest but would like some recomendations on it 

Reason of investing in this places:
30-45 min away from me driving so it is pretty close
I had worked around there and always seems to be very good neighborhoods 
There always seems to be updates on this places

THIS ARE THE AREAS I WANT TO INVEST
Orlando Florida 32809 zipcode
Conway area 32806 zipcode
Winter Garden zipcode ???
Winter Park zipcode ???

All this are with in 30-45 min radius of driving from where I live, I do have some questions like the zipcodes in Winter Garden and Winter Park I had worked there before and saw many really nice Duplexes !

My goal and Investment strategy is MFR be it duplexes or fourplex (looking as well for small apartments) and I have saw some growth in this places but I may be wrong so any info, tip or help would be really really good for me and as well if I can help with more info let me know

Thank you every one take care and thanks for your time !! 

Most Popular Reply

User Stats

1,264
Posts
978
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Logan Allec
  • Accountant
  • Los Angeles, CA
978
Votes |
1,264
Posts
Logan Allec
  • Accountant
  • Los Angeles, CA
Replied

Good thinking, @David Reyes!  My personal opinion is that purchasing a 2-4 unit property (especially a 4-unit property) using FHA financing is one of the best ways to get started investing in real estate. If you do this, and you do it right, you will be leaps and bounds ahead of your peers financially. Millennials have basically given themselves two options in terms of housing: renting, which means kicking hundreds and in some places thousands of dollars out the door every month, or buying a nice 3-bed/2-bath that they can barely afford and drains their cash flow. But not you. You will be making money every month off of your housing situation.

And in the long run, even if you do nothing else in real estate, you will have succeeded by getting into a fourplex as a young person with only 3.5% down. In 30 years when the mortgage is paid off, you will be sitting on a million-dollar asset that cash flows thousands of dollars per month at relatively little cost out-of-pocket when you were 20- or 30-something. If that’s not incentive enough for you to get started today, then I don’t know what is.

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