All Forum Posts by: Tej Ash

@Tej Ash The shortage of quality inventory in multi-family is not going to get better in the Orlando metro area. There are never more than 25-30 properties available in the MLS at any given time. And out of those, most are over $400k, in bad areas, need updating, aren't 'real' duplexes or are 70 years old...sometimes all of those things are true on a property. We just don't have that much of them, so I wouldn't hold your breath waiting for a unicorn, because when one does hit the market, there are 1,000's of others waiting for the same thing and many are cash buyers.

Not trying to be a downer, but I have 30-40 clients all wanting that, and I'm just one agent and have been down this road with so many investors. I would consider another market or at least go further out than 30 minutes. You can find some down in Polk county, some in Volusia, and once in a while in Lake or Osceloa, but even then they will come with issues. 

Best of luck!

What is the constraint? Down payment? Closing costs? Monthly payments?

Sometimes there are deals right in front of you and it is more about the terms than the price. For example, maybe on a duplex you offer full price, but the Seller covers closing costs and buys down the interest rate, lowering your monthly expenses.