All Forum Posts by: Anthony Joseph Candelario

Just putting an open offer out there, if anyone gets close to Sunday and hasn’t sold their ticket and needs to, I’m willing to buy one for $300 for myself to go. I live here locally in Orlando and just need one for myself so once I buy one I will delete this post. Thank you!

Also, like @Tyler Gibson said, if you are planning or thinking about buying a property to use as a STR, you need to check the ordinance map and see if it is even allowed at all or not. I've inserted a link to the map to check if a property is allowed to be used as an STR, but this is only to check if you can do it at all. Even if you are in an area that allows it, you have to follow the guidelines as Tyler stated.

orlando str ordinance map

@Eddy Wehbe I can't think of any specific communities off of the top of my head, but in general I would just say as close north or south that you can get to Orlando is probably the safest or "best" place if you can find deals in there. I might be swerving out of my lane a bit right now because I don't have the experience as an investor like a lot of the others on here do, but just as an agent thats what I would say. Or if you work with a property manager, you could ask him/her what areas on the outskirts of orlando have the most rental activity and go from there.

I am an agent, newly starting into real estate investing. But, just in my personal opinion, I don't see a bubble. Home prices are rising in Orlando more than surrounding areas but it just looks like a current seller's market to me. Home prices may trend up and down in the next 5-10 years with ups and downs in the amount of buyers vs sellers, but the main reason for the previous bubble was a catastrophic lack of lending regulations. Now there is a very strong foundation for lending and lending regulations such that I don't see something as significant as a 'bubble' happening. Additionally, like Marlon said, Orlando is heavily a tourist based STR market. So it would seem more beneficial to buy STR properties in the area between Disney to Downtown Orlando. But for areas like Sanford, Apopka, Deltona, Deland, Lakeland, etc, which are outside of the general tourist area, they are not as affected buy all of the buying of STR properties and are just slower adjusting markets in general I think.

As Craig said before, when you're analyzing a deal BEFORE you purchase, you really need to shoot for a Purchase Price + Rehab costs that amounts to 70% of the homes ARV or less. This is the scenario in which you can essentially pull out every dollar you put into the deal once you cash-out-refinance.

That being said, on a positive note, you have still accomplished one of the hardest parts of real estate investing which is to just take the first leap! So no matter what happened with the first house, you're learning and you will only get better and better at this from here on out!

Thank you for the reply! I think I might just take you up on that, I have a few questions maybe you could give me some insight on. I will send you a message soon, thanks! 

@Shawn G. Thank you. I will definitely look into that and try to make it to the event next Saturday.

Hello everyone,

My name is Anthony Candelario. I was born here in Orlando FL and have lived here ever since. I went to undergraduate and graduate school at UCF for Aerospace Engineering. I did the engineering thing for a while but I am much more passionate about Real Estate and investing. Just starting my journey into real estate investing now and hoping to have a great time doing it. I am looking to BRRRR my first property by the end of this year, and then go from there. I hope to meet a lot of new people from the Orlando area and hopefully build some great relationships.

Thank you for reading!