All Forum Posts by: Jason Mileshko

Good Afternoon! I am a beginner investor from Columbia, SC and just received a job offer in Orlando. I have been learning about investing and working with a local investor in Columbia, SC for the past few months and am ready to start looking for my first purchase. My goal is to find a duplex that I will be able to house hack. I am not very familiar with the Orlando area and would love to hear from some people in Orlando about some real estate agents that they would recommend. Preferably one with experience working with investors. Also, any tips that would guide me along the way to a successful purchase in Orlando would be great. 

Some additional information: I will be moving down there near the end of May and I have received a job near Williamsburg right south of Orlando.

I am looking at properties in Orlando and notice that they are quiet low especially compared to comparable properties in other cities? Why is this? Even properties near the home parks are low compared to what you would find in SoCal or the UK. 

Why is this? I would have thought that given all that Orlando has to offer they would be priced higher. 

Is there any chance that there would be a correction in the future and Orlando prices would rise?

So I’m new and I would like to know if anyone has any experience in the Orlando area. If so, who are good realtors to work with? Which areas would you recommend and why? Any info is good info.

I am considering moving to Orlando area for work. what opinion does everyone have on the housing market in the Orlando area? I am looking to purchase homes, do basic renovations, and rent the properties. Is there a good rental market in Orlando for inverters?

I'm still investing in the OKC area, but like Michael said it's definitely tight right now. Like a lot of other parts of the country, our demand far exceeds our inventory. "Balanced" inventory is considered 6 months and we are currently sitting at under 1 month of inventory in most price points. 
Late last year we were still picking up 1% rule deals on the MLS. I don't think we've offered on anything in the last 6 weeks with fewer than 4 other offers on it and we're putting out at least 5-10 offers a week. I would say 1-2% over list price is becoming the minimum competitive offer right now (and those offers aren't even getting readily accepted).
*Obviously, if you are looking at distressed or tenant occupied properties it doesn't always make sense to go over list price. BUT in the "turn-key" space, it's nuts right now. 

I am looking at diving into the Oklahoma City market, and hopefully owning a few thousand units within the next year or two. I would love to talk to some people who know that region well. Real well. Looking around, it looks like 8% cap is the norm, so what do you consider good, or amazing deal in the value add space? And where and what should one stay away from in the region? I would love to jump on a call if anyone is interested.

Hello seasoned OKC investors. I've been researching investing out of state in OKC and after reading tons of forum posts on the city I came up with some questions just to give me a better picture. Would also love to link up with investor friendly real estate agents so I can hopefully start out this investing journey. Would probably need recommendations on lenders too.

Thank you soooo much and I appreciate the feedback.

1. 1. I've been running numbers on 3-bedroom houses. Any advantage to purchasing 2/4 bedroom? Does a higher number of bathrooms give me an edge in getting tenants.
2. 2. Are condos a popular investment choice?
3. 3. In my purchase price range of 120-140k I see the rental price being around $800-900. Are the $1000K per month rental homes harder to rent? Trying to decide if bumping my purchase price to get higher rents is a good decision.
4. 4. For a newbie, what level of repairs (5k vs 10 vs 20k etc etc) should I shoot for especially being that I'm out of state? My thoughts are it should be kept low as I start out?
5. 5. Looks like in OKC tenants cover ALL utilities - except taxes? Some rentals don't have appliances?
6. 6. Some properties for sale are renovated and taxes are a low number. I'm suspecting taxes would go up after a re-assessment?
   
7. 7. I'm thinking as a first out of state rental having a PM would be a good choice, correct?