Home Buying in Orlando>Question Details

Tarak Pujara, Home Buyer in Outside U.S.

For overseas investors which areas are good to invest in Central Florida? I am planning to buy 1 or 2 for investment purpose?

Asked by Tarak Pujara, Outside U.S. Sat Feb 9, 2013

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Answers

12
Linda Jokbengboon’s answer
The areas around Disney would always make a great investment but honestly, hands down, I would look into Lake Nona- the new medical city that is being built. No only will you get a great return on your investment when it comes rental income but the potential for appreciation is huge in this area. Medical City is supposed to bring 40,000+ new people to the area- people that include doctors, nurses, medical personnel, and administrative personnel. They say that by 2017, is expected to have a $7.6 Billion economic impact. Take a look at http://www.learnlakenona.com and then call/ email me with any additional questions you may have. Hope to have the opportunity to work with you.

Linda Jokbengboon
Re/Max Town Centre
Orlando, FL
LindaSellsOrlando@gmail.com
Direct: 336-404-8871
2 votes Thank Flag Link Sat Feb 9, 2013
Thanks
Flag Sat Feb 9, 2013
Tarak,

Over the next 3-5 years the highest demand with be in single family homes with rent range from $1,200 - $2,000 per month. Areas hardest hit my foreclosure/short sale offer great opportunities to purchase homes in the 2,000 - 3,000 square foot range for under $200,000 Such as Waterford Lake, Lake Nona, Baldwin Park, North Apopka

Let me know if I can assist you with your investment purchases.

Michael D. Bellamy, P.A.,
REALTOR®, SFR, BPOR
Charles Rutenberg Realty, Inc
1900 Summit Tower, Ste. 220
Orlando, FL 32810


407.536.MIKE(6453) (direct)
407.622.2122 (office)
407-567-7551 (fax)
michael@michaelbellamy.net
http://www.michaelbelamy.net
"The Standard of Excellence"
0 votes Thank Flag Link Thu Feb 21, 2013
I am a full time rental property manager. Our office is in Saint Cloud and I rent that area very quickly, UCF area has a huge demand in August and January when school starts but slows off somewhat - however I am renting very quickly almost any where right now since there is such a huge demand for rentals.

I can send you over some properties that I expect will have a good return if you would like.- just e-mail me JulieRents@aol.com.
0 votes Thank Flag Link Mon Feb 11, 2013
Hello Tarak,

the UCF area is also a very good area. UCF is the 2nd largest University in the US with over 50.000 students which will provide a steady stream of renters. I am working with several international investors who specifically are interested in that area.

Please contact me if you have any questions.

Regards,

Marion Thacker
Engel & Voelkers Real Estate
321-662-7550
marion.thacker@evusa.com
0 votes Thank Flag Link Sat Feb 9, 2013
Tarak,

Hope you are well. I currently work with multiple individual investors as well as several SEC monitored hedge funds buy and renting , and also "flipping properties in the area. If you want experience go with someone who does it on a daily basis, not just talk about it. I can show you the number of homes bought by investors in the last 60 days. I know what to look for, and can fit on your team, and help expand your portfolio today. Check the reviews!!

Speak to you soon,

Vincent Warren Paige, Jr.
REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vpaige1@yahoo.com
0 votes Thank Flag Link Sat Feb 9, 2013
You have had some good suggestions here. I tend to agree that Lake Nona / Medical City area is the up and coming area of Orlando. The impact on the economy is expected to be similar to that of Disney when all the building it generates is factored in. My office is on Narcoossee Rd in the middle of this area.

I would like to offer an option others have not. I list bank owed foreclosures for banks, also known as REO. Most of my listings are in Lake Nona, or within 10-15 minutes in nearby areas. REO properties still represent the best prices on the market. I can send you information about properties I have coming to market in the near future. REO agents manage the REO's through eviction, repairs, cleaning, premarket and then list. So we know the properties coming to market months in advance.

Many of these properties quickly get 10-20 offers once listed. I recently had 21 offers in 3 days on a nice house listed at 130k in Young Pine about 15 min from Lake Nona. So it helps to know in advance what properties are coming so you are prepared to place an offer quickly. Your offer would still have to compete with others in a fair open market. I can never offer any unfair consideration of offers by the bank. I can offer advance information about the property, and help submitting offers quickly, which can make a difference.

Many of my REO listings are condos and townhouse style homes, both with garages.. Recent price ranges are between $70,000 to $140,000. These are ideal price ranges for investment and very good prices for these areas. Let me know if I can help you. I have one coming soon in Lake Nona and another in Lee Vista about 10 minutes away. Both are townhouse style with garages.

I can also help you with any other REO listing from other offices, as any other agent also can. Any agent can help you with any listing, once it comes to market. But I did not see any other agent reply who is actually located in Lake Nona area. I work primarily in this area and preview homes for sale in Lake Nona every week. I know this market.

Don Shippey
REMAX Properties SW
donrshippey@gmail.com
0 votes Thank Flag Link Sat Feb 9, 2013
Hi Tarak,
Thanks for turning to Trulia with your real estate questions. You will get a lot of great answers from a lot of great agents.

First things first....everyone has provided you with great possibilities. However, dependant of what kind of return you are looking for and how much you plan to invest are the stepping stones to figuring out the best bang for your buck.
If you want rental properties, then you need to decide long or short term. That will also determine where you will want to be. What type, condo, townhouse or single family home, do you prefer for your investment. Do you want move in ready or are you willing to do some work?
Find a Realtor who can work "with" you and you will be well on your way.
It's good that you are doing some homework first!
Hope we have answered your questions!

Carol Bauza
Charles Rutenberg Realty
carol@carolshome.com
0 votes Thank Flag Link Sat Feb 9, 2013
You've had some good answers so far. Lake Nona is without doubt top of the list, but I would also consider up and coming areas, such as Meadow Woods and if you have the funds, Celebration (the Walt Disney built community).
The main thing is "hit it off with your Realtor" and make sure you feel they are giving you the right answers.
0 votes Thank Flag Link Sat Feb 9, 2013
Interesting answer so far, but not ones I would agree with. The place to be for real estate investments is anywhere within the impact area of the Medical City at Lake Nona on Orlando's southeast corner. You can read more about the opportunity on my website.

Short term rental has been mentioned. The key to success in that market is to understand you are buying a business that comes with a property. As with any business, if your involvement as the owner is passive, then it will be your managers who make all the good money. STR can be a fine business.
0 votes Thank Flag Link Sat Feb 9, 2013
Hi Tarak,

As Alan says, there are many tourists that visit the Central Florida area specifically Orlando/Kissimmee due to our world class theme park attractions, weather, golf, shopping, proximity to beaches, etc. The last recorded visitor volume was a record over 55 million people! I agree that a well located vacation home which you can rent out by the night when you aren't using it yourself can be a good investment. You can only do this in certain places, and some are closer to the attractions than others, some have better amenities and are more popular than others, etc.

My focus is Disney area vacation homes / short term rental properties. Feel free to contact me if that's an area that interests you and I can introduce you to some of the opportunities.

One of them we are actually having a Grand Opening for just today. ChampionsGate is a new golf community with both Vacation Homes (up to 8 bedrooms) and Single-family Residential. There will be an on-site golf course (already partically completed) and very elabortate planned clubhouse/pool amenities. More info at

http://www.ChampionsGateFlorida.com/

You can reach me at info@bferryhomes.com

Regards,
Brent Ferry
Global Real Estate Services

http://www.bferryhomes.com/ContactMe
http://www.bferryhomes.com/SearchProperties/MLS
http://www.bferryhomes.com/VacationRentalSearch
http://www.bferryhomes.com/DiscountAttractionTickets
0 votes Thank Flag Link Sat Feb 9, 2013
HI Tarak
thanks for the question. No doubt about it. Central Florida is the best place to invest. BTW Naples is not Central Florida !!. Particularly the Disney Area is better than most. I moved from UK 13 years ago and have been helping folks buy and sell since then. Many many tourists visit this area so if you choose wisely then a vacation home could be a good investment if you want a short term rental property. Long term rental too is good in that area to because of the abundance of work.

Take a look at my profile and let me know if you think we could work together
Check me out at http://www.trulia.com/profile/DisneyWorldVacationHomes/#__rec
http://www.FrontlineFloridaRealty.com
http://www.YourWindermereHome.com/
http://www.facebook.com/frontlineflorida
http://www.ShopOrlandoHomes.com
http://AlanMartin.mfr.mlxchange.com/
http://www.LegacyDunesLeasing.com
Best wishes
Alan Martin
Lic. Real Estate and Business Broker
Accredited Luxury Home Specialist
0 votes Thank Flag Link Sat Feb 9, 2013
Hi Tarak Pujara,
Thank you for your asking here.
I am Dorene Clark and over the last 20 years I have been serving the foreign people who would like to invest in Florida, USA.

I am introducing you with some of the most beautiful and popular areas of Florida where you can invest your money and can hope for a big profit. There are some beautiful, attractive and Profitable Real Estate Investment Opportunities in the Cities of Southwest Florida like; Naples, Fort Myers, Bonita Spring, Estero, etc. Below I put a quick overview of the Most Profitable Real Estate Market of Florida:
Fort Myers
Located in Lee County, Fort Myers is the gateway to Southwest Florida which is an exciting area due to its high tourist activity. Things are looking much better as property prices are working their way up. In fact, the average sales price for homes within Fort Myers during the month of May 2012 is at $120,000 which marks a 5.7 percent increase from the previous quarter. You can use your money to Invest in Fort Myers Real Estate.
Naples
The city of Naples is located in Southwest Florida directly across the state from Miami, bordered by the gentle waters of the Gulf of Mexico to the west, and the mysterious. The city is known for world-class shopping, dining and abundant, challenging golf courses. The overall median closed price increased 14 percent from $175,000 at the end of November 2011 to $200,000 for the 12-month period ending November 2012.

Please provide me your phone number, I am calling you.

Dorene Clark
+13057074393
dorenec@comcast.net
0 votes Thank Flag Link Sat Feb 9, 2013
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