Home Buying in Orlando>Question Details

Sanjay, Home Buyer in Outside U.S.

I am a Canadian real estate investor looking at Orlando area. Any advice on areas that are best for rental investments?

Asked by Sanjay, Outside U.S. Sun Sep 26, 2010

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lcr4748’s answer
I have a rental duplex with tennants. It's a 2 bedroom/1 bath per unit ( 2 units). Property mgmt in place. I live in Kissimmee, FL near the Orlando dulpex. Needing cash purchase/low price. Have all the specs on the property up to date.

Linda
1 vote Thank Flag Link Thu Jan 24, 2013
Hmm Asked on Sunday Sept. 26, 2010? I wonder if he's still looking?
1 vote Thank Flag Link Thu Mar 20, 2014
Sanjay, I agree with Marcus on this one. Way to broad a question. I could write a book for the answer. The reasoned answer will come down to you answering two questions: 1) What are your goals in this investment? 2) How much captial do you have to work with? Answer those and we can begin to answer your's.

Good luck,
Mark LeMenager
Find your next house with the click of a mouse.
Search the MLS without obligation or registration from my website.
1 vote Thank Flag Link Thu Oct 14, 2010
Check out Lake Nona for sure..the location of the new "Medical City" and minutes to the airport, 417, beachline, and 20 minutes to theme parks. Call me for more information..condos/townhouses starting at 70K! (407) 908-2890, Debbie Irons, Orlando Classic Homes
Web Reference: http://www.NonaLiving.com
1 vote Thank Flag Link Sun Sep 26, 2010
Condos, townhomes or single family homes?
Cash or do need a loan?
Long or short term rental?
Short or long term exit?

It's way too broad a question for a Realtor to be able to give a good answer too. My advice, find a good Realtor and hook up with them!
Web Reference: http://condometropolis.com
1 vote Thank Flag Link Sun Sep 26, 2010
Hello from Sunny Florida,

I am sure I can help you.

Are you still looking for a property in Florida? Send me an email with your criteria and I will email you back a list of properties to view. btscarpa@aol.com

I specialize in income producing properties in the Disney Kissimmee, Orlando and Davenport areas of central Florida. Short term rental properties sales, vacation homes, second homes and residential. I have been an investor for over 17 years in these areas and I have helped many others invest in Florida properties. I have helped both domestic and international buyers and sellers. I am sure I can help you find a property that best fits your needs and budget. This includes vacation/income property that you can also use at any time. These are not timeshare properties. You can call me at any time and we can talk in depth about the best way for you to purchase a property. We will talk about what is needed for you to start the process, locating managers to take care of your property and what they charge. We will also discuss how bookings/guests are placed in the property and the fees involved. Another important topic is what kind of income you will receive in all the different communities in the area. Every community close to Disney has a little different income ability. This is where I come in. You do not want to be to far from Disney when purchasing a vacation property. Please contact me and I will answer all your questions over the phone. It's best to answer all your questions before we start looking at properties. You can call me at 407-572-3022 or email me at btscarpa@aol.com


Below are some of my recommendations from past clients.

My Website.
http://www.centralfloridarealty.info/

Thank you
Bernard Scarpa
American Ideal Homes, LLC servicing all of your Florida Real Estate Needs.
Specializing in Income producing properties
Disney Florida Vacation Property Investment Specialist
Resort and Second Home Property Specialist
Listing and Selling Specialist
Primary Residence Specialist
Relocation Specialist
Short Term Rental Home Specialist
Short Sale and Foreclosure Resource
Certified SHORT SALE Expert
Office Hours are 7 days a week
9:00 Am to 9:00 PM EST
Cell # 407-572-3022
Fax # 407-957-5843

btscarpa@aol.com
Web site: http://www.centralfloridarealty.info
0 votes Thank Flag Link Sat Apr 5, 2014
Sanjay,

I have access to wholesale properties in the area which would make excellent long term rental homes (here are some of them - contact for the latest list though: http://www.flhomedeal.com/orlando-investment-properties)

Other part of the business I do is working with vacation rental investors. It can be a great business, but you definitely need to know where to buy since this market has shifted. Used to be that almost any vacation rental property would rent, but nowadays many other factors come to play. I.e. here is an ROI of a high end vacation rental property: http://www.flhomedeal.com/wp-content/uploads/2014/03/Reunion…

In any given time I have ~20-30 wholesale (long term) off the market properties in Orlando area and of course I can send you a list of all vacation rental properties that I would personally recommend.


Sincerely,

Margus Mahar, Realtor®
Specializing in Luxury and Investment Properties
- Certified 203K Renovation Specialist
- Advanced Construction Expert (ACE)
- Dream Team Professional TM
http://www.FLhomedeal.com
J.C. Penny Realty, LLC.
8701 W Irlo Bronson Memorial Hwy, Suite 200
Kissimmee, FL 34747
Phone: 321-388-6856
Email: margus@jcpennyrealty.com
0 votes Thank Flag Link Thu Mar 20, 2014
Sanjay,
My name is Marc Duchon, I'm a builder/developer I. The Chicago land area as well as Pensacola Fl. Area. My company is Triad Construction Group a subsidiary of Triad Building and Development. You can research my company on LinkedIn as well as Google. I have been in business for 27 years and am licensed in 5 states (Illinois, Connecticut, Florida, New York and California) I recently sent out a mass mailing on LinkedIn concerning several possible projects I am looking at and am interested in equity partners. If you are sincerely interested in doing some investments in real estate here in the states, I'd be happy to discuss several of the projects I am looking into, there are many great opportunities available some with minimal capital and others involving substantial investments depending on your comfort level and cash availability, please let me know if you would like to discuss these opportunities further.
You can reach me at;
Marc@triadbuilding.com
Or
312-285-3673
Sincerely,
Marc Duchon
0 votes Thank Flag Link Wed Mar 19, 2014
Hello home owners and investors.If any of you needs a renovation company give us a call Sunstate Renovations at 407-844-5428 ask for Omar or write us at omidrums#yahoo.com.We will give a free estimate.We are licensed and insure
0 votes Thank Flag Link Mon Jan 6, 2014
Hello! Check our web Magicvillage.com
Feel free to contact me if you have any questions!

Veronika Maslova
Cell:(407)4465907
Email: veronika@magicvillage.com
0 votes Thank Flag Link Wed Dec 11, 2013
Mark,
If you are looking for college student renters, you would want to look on the East side of town where both UCF students and Full Sail students reside. If you would prefer vacationers then you would want to look in Metro West and Kissimmee area that is closer to all the parks. If you would rather small family or young professional renters then you might want to at either downtown, College Park, Audubon Park or Winter Park. The of course there are many suburbs like Altamonte Springs and Oviedo that would be family type rentals. If you have questions, please fee free to contact me directly, my website is http://www.orlandointownspecialist.com and I am with RE/MAX.
0 votes Thank Flag Link Thu Oct 24, 2013
Near The University of Central Florida, now the 4th largest University in the USA. If you are looking for short term vacation rentals, look near the Disney Resorts, Champions gate area, or along the east Coast Beaches. Daytona is a good buy right now.
0 votes Thank Flag Link Wed Oct 23, 2013
This question is over 3 years old and the asker has never acknowledged one answer. Trulia, do you think this is really still a valid question? I'd give him the benefit of the doubt and hope that he perhaps at least contacted some of the commenters direct. But I've been seeing so many aged Q/A questions lately I was just wondering if there was a shelf life to some of these very dated questions?
0 votes Thank Flag Link Tue Oct 22, 2013
Actually keeping them going is a good way to make sure they keep showing up in google and bing searches. I am amazed to get potential customers asking me about something I wrote 2 or 3 years ago.
Flag Tue Oct 22, 2013
I have an investor that I purchased over 60 homes for 2 years ago that all except one has been rental renovated and most are currently leased (except for about 4 which we are screening applicants for leases at this time). He is changing his portfolio and wants to go to strictly apartment complexes. Therefore he is looking at selling his entire rental portfolio all of which are single family detached unit in the Central Florida market. There is one quadplex but the rest are single family detached units. He is seeking $60,000 per unit based on their location. None of the properties are in an HOA community. If you have a STRONG cash interest please email me at dallison@thetitangroup.com. These properties are wholly owned by the owner and leases would transfer to the buyer. He is seeking cash only offers with ability to close quickly.
0 votes Thank Flag Link Tue Oct 22, 2013
proper Orlando only ? if interested I have investment in Sorrento Florida I also have a 6bm 5bth 5 years old in Eustis if not I still can assist you
0 votes Thank Flag Link Wed Aug 21, 2013
Hi,

Orlando is a prime spot to invest in rental properties! There are many options for you from condo-hotels, to single family homes. I would be happy to show you the possibilities and help answer any questions. Feel free to call/email me for more information.

Thank you,

Tanya Osman
407-492-2476
Tanya.Osman@gmail.com
http://www.TanyaOsman.com
0 votes Thank Flag Link Sun Aug 11, 2013
Sanjay,

I have a Single family home in West Melbourne Fl. for sale. It was recently appraised for $249,000, I am selling it for $206,900.00 contact me at
marcia@homeowrthysolutions.com and I will send you the property information
0 votes Thank Flag Link Fri Aug 9, 2013
It depends, the college areas would be a good area for a real estate investment because of the population of the students and faculty. However Kissimmee is also a perfect area due to all the tourist attraction. Hope this helps.
Cece

http://ceciliathomas-dorn.premiumorlandoproperties.com/
0 votes Thank Flag Link Sat Jan 26, 2013
What price range would you be looking to buy? How many bedrooms/baths, sq. ft. etc? Needed info to assist you
0 votes Thank Flag Link Sat Jan 26, 2013
Sanjay,
Of the dozens of properties i have sold to Canadians, about 1/2 were within 30 minutes of Disney. Hunters Creek is very popular, and so is Windermere. Some other favorites are MeadowWoods, Southchase, Avalon, and Waterford and UCF areas. The Lake Nona / Medical City area is quickly becoming a favorite due the the 10,000+ jobs it is going to produce. But prices in Lake Nona make it difficult to get as good a rental return. Most buying in that area are buying more for appreciation.
Let me know if I can help you.
See Canadian Buyer page on my website below................
0 votes Thank Flag Link Fri Nov 30, 2012
I work with many investors that have long term goals with their rental investments ( 5-10 years). They love the Conway area of Orlando. For many reasons... Conway is conveniently located to the Orlando International Airport, Major expressways, 10 minutes to downtown, and 20-30 minutes to the attractions.
0 votes Thank Flag Link Fri Nov 30, 2012
Come on down to San Diego. The weather is much better year around. No quarter sized misquitos or 1 billion lightning bolts to deal with so you won't have to get off the golf course or under a bridge whence fishing. Just great SoCal surf, lots of sunshine and the best year around weather on the Planet.
0 votes Thank Flag Link Wed Nov 28, 2012
Hi Sanjay,
I specialize in working with Canadian Investors. I have a "Power Team" of specialists dedicated to working with Canadian investors including an attorney, accountant, property managers, currency exchange specialists, lenders, and more. I have many happy Canadian clients who have bought multiple properties. Please check the Canadian Buyer page on my website for more details.

http://www.orlandorealtyonline.com/

DON SHIPPEY, CDPE, SFR
BROKER Associate / REALTOR
RE/MAX Properties SW
Cell 407-925-2318
E-mail: donrshippey@aol.com
0 votes Thank Flag Link Wed Nov 28, 2012
I can help you find what you are looking for. I am a licensed Real Estate agent in Orlando, Florida. Ive lived here for over 23 years and know the best areas to buy that are appealing for rental properties. I would be more than happy to talk with you in more detail. My email is samanthahafner@yahoo.com. Feel free to contact me anytime!
0 votes Thank Flag Link Tue Nov 27, 2012
Hello,
8 Property Rental Package for Sale.
This is an investor’s dream!
*All Single Family Homes are move-in-ready
*100% Occupancy
*Great ROI
*All located in Deltona, FL
*Buy the LLC and own a money making business
If you are interested in this incredible opportunity please contact,
jsantacruz@cfl.rr.com
0 votes Thank Flag Link Wed Jun 27, 2012
Sanjay

If you are still looking I have an amazing REO property in downtown Orlando 5 unit multifamily property for sale within 1 block of Lake Eola. I can give you all the details if you want to message me. heather@heathertherealtor.com
0 votes Thank Flag Link Mon Dec 5, 2011
You might also want to look at the San Diego market. Right now it's the hottest investment market in the USA and we've got a pulse on the best deals in the area. Entry level or High end.
0 votes Thank Flag Link Wed May 11, 2011
Buy medical related real estate, with the heath care reform in full swing there will be a onslot of demand for medical space in the near future, its all about security now days!
0 votes Thank Flag Link Wed May 11, 2011
Hi:
I have many properties available for sale that are great properties for out of state investors. I work with several investors to find properties for them. They look for rehabs, rentals, 10 or more properties etc....
I'm not a real estate agent but know the area well and know investment properties well. It will not cost you as much working with me as it world with an agent.
Contact me back and we can discuss.
0 votes Thank Flag Link Mon Dec 20, 2010
Investors, take your pick of homes
Southwest Florida is flooded with foreclosure (REO) and short sale homes that are ripe for the picking for investors. Investors are seeing this as an opportune time to purchase homes below market value. It is definitely a buyer's market. Many homeowners have lost their homes, but still need a place to live. They are being forced to rent.

Investors can pick up a home, condo, mobile home, or townhouse at a low price. Some of these properties need little fixing up other than cosmetic work. They can immediately turn around and rent them. Rental companies such as Rent Me Florida don't always have enough homes to rent. See their web site at http://www.rentmeflorida.com. Tenants are just waiting in the background for something to open up.

Investors can rent properties as annual, short term, long term, and vacation. Investors can choose to manage the property themselves or hire a property management company to do some or all of the work. This may include items such as marketing the property, handling calls from tenants, collecting rent, and maintaining the property.

If you are going to rent a property be sure to know Florida's Landlord/Tenant Law. You can find information on this at http://www.800helpfla.com/landlord_text.html Don't miss your chance to buy these investments before the snow birds come back in town. If you would like information on properties currently available, contact me today.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL - tammyhayesre@gmail.com
0 votes Thank Flag Link Wed Oct 13, 2010
Sanjay,

I guess the best question is what price range are you looking in?

The attractions area are alw
ways good investment as worker need places to live.Also there are buildings thhat allow weekly rentals and you could have another avenue for income.

My e-mail is henn_russell@yahoo.com

Russell Henn
Keller Williams Realty at the Lakes
Kissimmee, FL 34744
0 votes Thank Flag Link Sat Oct 2, 2010
Sanjay,

I've actually been working with investors in Canada, Toronto to be exact. They have fallen in love with Downtown Orlando. I think that it is a growing and sustainable rental hotspot. I'd love to discuss the possibilities.
Feel free to contact me at your earliest convenience.

Carol Bauza
Keller Williams Advantage II Realty
407-222-3262
carol@carolshome.com
0 votes Thank Flag Link Tue Sep 28, 2010
Sanjay,
Impressed with your logic and strategic Orlando location for investing. I am curious how you came to that conclusion? What is your criteria ? What is your budget ? Are you working for a corporation doing your due diligence on their behalf?

Orlando is indeed a the hub centre for a savvy investor.
There is plenty of action and opportunity for aggressive and not the faint at heart.
If you are familiar with the fast food industry a great parallel would be the term everything is Super Sized.
With the fast moving tourist crowd hotels need to offer large number of rooms at competitive prices. In other words running a small operation here would be useless. They could not compete. In recent years Canadians had discovered the value of run down large hotels and converting them to rental properties. Rentals in general are doing reasonably well even in this tough economy.
If you are a small investor this place is not for you. Seek to invest into college towns where you have more of a stable market. There is good opportunities to buy small commercial properties that appeal to the service industry and is more practical for a single user. Also small apartments are getting decent returns. It is conceivable to understand that the cost of units decrease with the greater volume of units. It explains why Orlando offers great prices everything is in volume. Size does make the difference but large is not always better. Defining the purpose for your investment opens the conversation from which I could speculate to offer more conclusive advice. I do specialize in Buyer's Agency. Familiar in assemblage, franchise locator, conversions, finding small or large income properties that show a practical and conservative positive return.

Regards,
Gabriel
0 votes Thank Flag Link Tue Sep 28, 2010
Good Morning Sanjay,
My recommendation would be Downtown Orlando, rentals are great but keep an eye on the HOA fee's. Rule of thumb the taller the building the higher the HOA's. (Try a Mid-rise) My next suggestions would be near Valencia Community College in zip code 32835. The HOA fee's are very reasonable and with the amount of distressed inventory the prices are very competitive.
Recap: keep an eye on HOA fee's monthly and quarterly, look for a secured community and make sure there is plenty of shopping near by.
Hope this has helped, good luck and happy Renting!
Wendy Golding
Broker/Owner
Asset One Realty, Inc.
Web Reference: http://www.scottnwendy.com
0 votes Thank Flag Link Mon Sep 27, 2010
If you are a cash investor, I suggest east Orlando near UCF or Valencia College. Purchase Bank owned 3/2 around $50k to $60k, renovate with another $20k, and rent for about $1000 per month.

I have helped others buy, renovate, lease, and manage these homes.

15 years in Property Management

Corey Van Dyke
http://www.sellorbuyflorida.com
Rentalbroker, Realtor
0 votes Thank Flag Link Sun Sep 26, 2010
Speaking from experience, the best buys in multi-family can be found in the Kissimmee area, Especially now, an investor can reap great investment potential in shorts sales and bank owned duplexes, quads and small commercial multi family developments of five or more units Yhe resession was hard on these lower income specialty areas.

However, generally speaking the housing maket in the greater Orlando area is a super buy and definetly the time for investment holdings. The Metro-West community caters to the young professional and the lifestyle of a diverse populus. The housing can be bought at greatly discounted price and held for future return. The shool system in that area is outstanding which draws young families and professionals, among them the single parents which are great renters from time to time.

East Orlando, near the UCF area is also a great investment for holding. I would look to the UCF are for annual rentals to college students and recent grads. Overall there are many opportunities in this growing metropolitan area. If I can be of assistance please feel free to call me and we will look at the areas that speak to your investment ear. I look forward to serving you
0 votes Thank Flag Link Sun Sep 26, 2010
2 words! Disney and Downtown!!! Hot investment areas and also condos in downtown Orlando are pretty inexpensive but offer great rental rates!

Let me know if I can help with your investments!


Carol Bauza
Keller Williams Advantage II Realty
407-222-3262
carol@carolshome.com
0 votes Thank Flag Link Sun Sep 26, 2010
Hi Sanjay,

I would recommend the Disney area, cast members are always looking for rentals, Summerport is great for that! It has a lot of bank owned condos that are 3-4 bedrooms. It is also in desirable Windermere, no problems renting at maximum price there. Also Metrowest is another option, tons of bank owned and ready and willing renters! It is close to Universal and Sea World. I have a long list of inventory and would love to help you out! Just give me a call and let's work together! Have a great night!

Rebecca
Keller Williams Homestead Realty
RebeccaWalters@kw.com
4074915578
0 votes Thank Flag Link Sun Sep 26, 2010
Hi Sanjay,

I am pleased to see you reaching out to the Trulia community and Realtors who have offered you sound advice, as well as asked you important questions in return. By being an educated buyer & investor and having a wealth of information from local agents, you should have the means to spend your Canadian dollars wisely in the Sunshine State and have the feedback necessary to assist you in your journey. There are countless investment opportunites in the Orlando and bordering vicinties, but can easily be narrowed down once your preferences are confirmed. If you are searching for condos, I know of a great, investment opportunity which I feel may suit your investment endeavors. The condos are bank/REO owned in the high $50K, low $60K range and if you contact me, I will be happy to forward the information, available inventory, spread sheets, along with expected expenses/revenue. These are not being advertised to the general public at the moment and the bank will only allow one person or entity to purchase up to ten units, per same name. ALL the units are currently rented, so no upfront worries of getting tenants in place which I am sure is a preferred situation for you. The condos are located very close to Universal Studios in the MetroWest area and just a few years ago, these units were selling for over $200K. My father actually currently resides at the complex, so I assure you that the place is worth the consideration, especailly since they are turn-key with tenants already in place and they also have property management on site which is nice for tenants and out of state/country investors. Their monthly association dues are one of the cheapest in the MetroWest area and the complex is well taken care of. I truly feel this is a venture you should seriously review and highly consider. If condo investments was not what your were seeking to pucrchase, I will be happy to personally discuss your goals, criteria and expectations and forward you info accordingly. It remains a strong buyer's market and no time like the present to invest and capture the all time low prices.

Please do not hesitate to call me from morning until midnight for FREE advice or e-mail me and I will forward you the information I disclosed above or whatever data you request. I look forward to earning your business Sanjay and and exceeding your expecataions. Have a GREAT week!

Thank you kindly,

Kim Setzer, REALTOR
CENTURY 21 Elite Home Finders
Kimsellsproperty@yahoo.com
407-406-0351
0 votes Thank Flag Link Sun Sep 26, 2010
Good afternoon Sanjay,

Your question can be answered in many different ways. It really depends what you are looking for. Downtown Orlando is always a great area if you are a cash investor and are looking for quick long term rentals. Golf communities are another interesting area of investment, especially because, just like Downtown, prices have collapsed more than in other rental areas.
The single family home is always a good investment, but probably would rent a little more slowly and finally short term rentals offer good rewards but also more risk of having the property rented for less time than you need it to be and also the management fees in those properties are quite high.
I would pleased to give you any additional information you may require, to the best of my ability.
raquel@orlandorealtyqueen.com
0 votes Thank Flag Link Sun Sep 26, 2010
Hi Sanjay!
Now is a perfect time to invest in the Florida sunshine! Most areas of Central Florida are renting quite quickly right now.

It's a easier to answer your question by determining what type of tenant you are interested in.
There are short term rentals available such as the Davenport/4 Corners area. This is close to Disney. When rented on a regular basis by a good management company, you should be able to pay off the home quickly if taking a mortgage, or net a great deal of income from this type of property as the tenants pay quite a bit more than an average tenant to rent the home on a short term rental basis.

You also have a long term tenant situation. This type of tenant stays in the house much longer than a short term rental client. Typically lease terms are 7-12 months and are renewable.

Another type of client to keep your property rented is the college student in any of the college/university areas. There's constant turnover of students in this area, however, because of this constant influx of students, there's never a shortage of tenants in the area.

Based on the type of tenant you would like to work with, then I can make further recommendations as to the best area for that type of tenant.. Fair enough? Simply click the link below to get started on a VIP Investor Search that meets your exact criteria! I am also looking for investors willing to purchase homes for existing clients who are fixing credit sutiations and are looking for lease purchases. Maybe you can help with this?
Web Reference: http://tinyurl.com/272olw9
0 votes Thank Flag Link Sun Sep 26, 2010
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