All Forum Posts by: Chris Grenier

That's an open ended question....go onto zillow and look at whatever the median value is in a C Class Neighborhood and then look at the median rental value. 

Divide (annual) rental by value = broad answer. 

When starting out, do not give yourself ridiculous ROI goals.

Remember 100% of 0 is still 0. 

Sorry man that money is long gone, lawyering & small claims court over $1,500 is not going to get you anywhere, best to just write him off and move on unfortunately! 

Originally posted by @Sagi Hassin:

HI @Chris C.,

Thank you for the detailed response!

Maybe I didn't explain it as well but my plan is to buy a SFH and convert it to two separate units. Similar to the in-law suite/garage unit that you mentioned just on a bigger scale - full kitchen and separate entrance. Depending on the layout.

Live in one unit, and use the second unit as a vacation rental (AirBnB, etc.).

Do you know any specifics for zoning-rules or permits that are necessary for this? (In the areas near Disney or Universal).

Also, do you have recommendations on neighborhoods to look into?

Thanks again,

Sagi

 On paper that sounds like a great idea but that will be a complete nightmare to accomplish. Best bet would be to find a place that suits your needs first then find a separate dedicated investment property whether it's short term or long term rentals. Multi-fam / in-law apartments are quite rare around Orlando for that reason mentioned :) 

There is always good demand in the Conway / Airport Area for obvious reasons. 

But with a budget of $500K, even $250-300K you can get a very nice single family in the Davenport / Kissimmee area for short term rentals / AirBnB. In that range you're looking around a 3-4 Bedroom / 3-4 Bathroom Pool Home Built 2005+ 

It was basically Chernobyl & 3 Seasons of The Walking Dead combined. 

I'm curious to see how many times this guy is going to ask the same questions.

@Jason Malabute how much capital do you anticipate on investing in Central FL? Cash right? 

@Jason Malabute I am very curious as to what expectations you have in terms of ROI & goals based on what you have been posting

TIldenville is fine if you get a good deal but anywhere in Winter Garden is good if the price is right. 

@Joseph Clark Amex Platinum & Chase Sapphire Reserve. I spend about $500-600K a year on them on rehabs so 2x-3x points at Lowes & Home Depot...havn’t paid for a flight in 5 years and have first dibs at concerts & broadway shows!

Multi families do not really exist in Winter Garden of that size unless it's a rare 1-off build. 

Taxes are typically around 1% - 1.25% depending on the exact mileage rate of that area. 

HOA varies dramatically depending on community.

Insurance is not bad it's 'around' $750 per $100K for a rough ballpark. 

Tenants pay all their own utilities unless it's outside of the norm lease. Owner pays taxes, insurance, HOA and management if applicable.

You won't have vacancy if you price the rent correctly you'll have people knocking on the door to rent.