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  • Real Estate Investing

    Looking to buy my first residential rental in the Orlando area to start forming a nice stream of cash flow(hopefully) out side my job.  Are residential home values to high right now?

  • #2
    Your question is about as broad as it gets. Are home values too high right now isn't a question that can be simply answered. If you're looking to make more money, the best way for about 99.9% of physicians to make more money is to do more doctor stuff.

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    • #3
      Too*

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      • #4




        Looking to buy my first residential rental in the Orlando area to start forming a nice stream of cash flow(hopefully) out side my job.  Are residential home values to high right now?
        Click to expand...


        To answer your own question, learn how to value a real estate investment before pulling the trigger.  Learn about things like:

        positive cash flow

        cash on cash return

        cap rate

        IRR, or internal rate of return

        Once you learn about how to calculate all of these things, you can then analyze a potential real estate investment to see if it "pencils out".  Bigger pockets is a web site about all things real estate investing.  You could start there and learn about how to analyze the particular investment in question.

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        • #5
          yea, i understand those metrics. I'm just wondering that if those metrics look good (which is a relative term) than does it matter if the overall market is over valued? Does finding a good rental with a solid cap rate matter if everything is pricey? Is overall cash flow the the most important factor if you plan on keeping the place for the long run?

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          • #6
            Lots of anecdotal wisdom about real estate investing, but I think the answer to the heart of your question is that every deal (at least for direct ownership) should be evaluated independently and should stand or fall on its own. Sure, it is easier to increase value in a rising market, but if you are buying and holding for long term steam of income, then look to buy right in each deal. Location, cash flow, financing, property condition are all more important than the real estate market in the abstract, because they all drive your ability to rent for positive cash flow. In short, buy now if you find a good deal for you. If you do your homework, feel free to ignore naysayers.

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            • #7
              The hard part about orlando rental is that it's a combo of residential retirement and entertainment tourist industry in a place where land remains plentiful and lots of competition to service a very board sector.   Can you keep up with the rental Joneses?  That's probably more important than overvaluation in the long run.

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              • #8




                The hard part about orlando rental is that it’s a combo of residential retirement and entertainment tourist industry in a place where land remains plentiful and lots of competition to service a very board sector.   Can you keep up with the rental Joneses?  That’s probably more important than overvaluation in the long run.
                Click to expand...


                Excellent points and it sounds as if this might not be the area where the OP lives which gives me pause. Management from a distance will cost but if factored into the bottom line is acceptable. My biggest concern is monitoring the neighborhood. At this time my rentals are in a 50 mile radius of where I work and live so I'm able to keep an eye on the subtle changes and will jump ship quickly if indicated.

                I don't purchase investment properties when the prices are what I consider inflated because although I do plan to keep them long term and am looking at the cash flow the concern is that I don't want to be stuck with a dog. As above the ability to sell quickly without taking a bath is preferrable and not especially realistic if you buy at the high end.

                 

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                • #9
                  I totally missed this announcement if this was posted on this forum -- just hit FB and PoFs group -- ran across this with our very own as the keynote.

                   
                  Now you can earn CME credits! ?


                  Hi Physicians on Fire, I am so excited to announce that the first ever real estate investing conference for physicians & high-income professionals is happening!!! Yes, Jim Dahle (WCI) will be there & speaking! ? #PIMDCON

                  Tickets are now on sale!!! Early bird special ends soon!



                  At this conference, you will:

                  Learn different strategies to achieve financial freedom through real estate investing.

                  Discover how others have become successful real estate investors while still practicing / working full-time.

                  Learn the benefits of owning your own rental properties through active real estate investing.

                  Discover different ways to invest passively in real estate without being a landlord.

                  Learn expert tax and asset protection strategies tailor-made for physicians and real estate investors.

                  Meet and network with other like-minded investors.

                  Topic Highlights Include:

                  ? Passive income

                  ? Direct ownership of rental properties

                  ? Investing passively in syndications and funds

                  ? Crowdfunding

                  ? Tax savings strategies

                  ? Asset protection

                  ? Success mindset and pathway

                  Confirmed Speakers:


                  • Jim Dahle, MD (The White Coat Investor)

                  • Peter Kim, MD (Passive Income MD)

                  • Kenji Asakura, MD & Letizia Alto, MD (Semi-Retired MD)

                  • AdaPia d’Errico (Alpha Investing)

                  • Trevor McGregor (Trevor McGregor Business Coaching)

                  • Eric Tait, MD (Vernonville)

                  • Victor Mangona, MD (39.6 Community)

                  • Pranay Parikh, MD (Passive Income Docs)

                  • Toby Mathis, Esq (Anderson Business & Tax Advisors)


                  Date: Saturday, Oct 26, 2019

                  Location: Hyatt Regency LAX, Los Angeles, CA

                  Tickets on sale now. Early bird ends soon.



                   

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