All Forum Posts by: Jason Malabute

I don't have any personal experience with Norman, but I have heard from others on here that Norman was oversaturated with rentals a few years back and that's it not as good a market to get into as it once was.  Because of that, I have specifically stayed away from buying any rentals in Norman.  I think Moore is approaching this same saturation, seeing rentals on market for longer periods of time there than I did a year ago.

I'm a big fan of the Greater Houston Partnership [GHP] acts like a chamber of commerce for the city since we don't have one. They tell it like it is in both good and bad times. When there is an O&G [Oil & Gas] downturn they talk about it in detail and tell exactly what related industries & Real Estate are being affected. They put out a great report that details why Houston's growth should outpace the rest of Texas and the Nations for the next 5 years. It is backed up with some great data points that might make your decision a little easier.

https://texasturnkeyproperties.com/houstons-growth...

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. 

Hi Jason,

In my experience there are two sections of Winter Garden you could be looking at

Plant St area - North section of Winter Garden. A lot of small-town feel here with a focus on shopping local and healthy. There is a large revitalization with a focus in the town's history of orange groves and award winning fishing. It has it's own unique feel. Because it's still coming up, there are a lot of opportunities here. It isn't exactly cheap for MFH units though, you will find them here at least as opposed to the south side.
South side Winter Garden - This area borders Windermere and the north tip of Disney World. Most land is SFH, new construction. Not a ton of MFH lots, if any.

Personally I think Winter Garden is one of the best markets in West Orlando to invest in, if you weren't continuing west to Clermont or even SW to areas closer to Lakeland.