Home investor in Orlando? Please don't read this...

By
Real Estate Broker/Owner with Buyers Broker of Florida

Home investor in Orlando?  Please don't read this...

Recently there was a question  posted to a Florida Real Estate forum where a new home investor asked if they could make money investing in Central Florida Real Estate.  I was shocked at the realtors  answers that  overwhelmingly said "Sure, no problem"  "of course you can...Absolutely"!

What wrong answers!                                                orlando property investor

Here is my "Orlando Real Estate Investor" answer:  "It just depends..."

There are many Real Estate Investors in Orlando today that think they can leverage the property, close on it with OPM (Other People's Money) and start making money tomorrow...Oh, how I wish!

Making  money on real estate investments is not as easy as they say on TV and I say it "just  depends"...maybe or maybe not.  Here are some things to consider:

What are your home investment goals? 

  • What are you buying, a house, townhouse, or condo?
  • Buy a Property to hold, to flip, to rent?  Long term or short term?
  • What part of town are you buying the investment property in?
  • What kind of profit do you need or hope to make on your real estate investment?
  • How much cash are you working with?
  • How much extra cash is available for unforeseen problems with the investor property?
  • Who is doing the labor ?  You? Or will you have to pay to have all the work done on the property?
  • Do you need the rental income from the property to pay the mortgage or over head?
  • Do you have the guts to tell a tenant to pay up or get out? Or fire your property manager?

Answers to the above questions will determine if a home  investor in Orlando will make money....

So if you are an Home Investor in Orlando and did read this....The real answer to  MAKING MONEY ON INVESTING IN REAL ESTATE  IN ORLANDO IS :  "IT JUST DEPENDS"

For Home investing in Orlandoa no baloney, straight shootin, no bull, honest answer, call me...  

Copyright @ Buyers Broker of Florida 2012 "Home investor in Orlando?  Please don't read this..."       

 

 

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Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

Comments (5)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Warren Buffet is correct in that buying and HOLDING real estate as an INVESTMENT * run as an INVESTMENT * is a good idea....buy RIGHT, rent RIGHT, manage RIGHT

May 12, 2012 09:50 AM
Insurance Solutions Unlimited,LLC
Insurance Solutions Unlimited, LLC - Winter Haven, FL
Insurance Solutions Unlimited,LLC

Eve & Mike, you are so right! it just depends on many variables

May 12, 2012 10:00 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

I think that Realtor was just looking for a quick sale, I live in Windermere and the Rentals are increasing every month. Your checklist above would determine if they could make money on an investment property. Thanks for sharing  

May 12, 2012 10:35 PM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

The question will always be answered "it depends" on the property, the intent. Looking back at the current values of the houses we owned in Orlando, all I can think of is how much we enjoyed living there. The value of those memories? Priceless.

May 14, 2012 11:09 AM
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Wallace:  You are right but sometimes the manageing gets in the way

NIS:  for sure

Frank:  you are welcome

Pacita: thank you for stopping by...

 

 

May 15, 2012 04:55 AM