My idea is to buy land and build house and then sell it. Can anybody have some advise on Orlando market. The best city near Orlando to invest on real estate. Any other ideas on investing in real estate is also welcome. Thanks.

Not really sure that is considered investing... that is spec home building and can be a far cry from investing.

What is you objective?? to build homes, or to make money?

If you buy land... pay for building home (or for supplies if you are a contractor) and then selling it.. your ROI (Return On Investment) is typically very poor because your COC (Cash On Cash) is so low because of your out of pocket cost or lender obligations. Unless you are a Major Developer, working many homes at the same time, your chance of making good money on building and selling a single family home in the Central Florida area would not be considered investment by most real estate professionals... a hobby at best with very mixed expiations.

If your goal is to make money in real estate, many Far Better methods are available, depending on your skills and knowledge and desires.

My parents own a lot in Wedgefield in East Orlando. The appreciation there seems to be good, so even if not to build on it the land might turn out to be a good investment. Keep in mind to purchase land you usually need to put down at least 25%. If you want to finance the build we (company I work for) can do construction loans. If you're into repairing fixer-uppers and selling them that might prove to be more profitable and less lengthy. Email me if you have more questions.