investing in Ocala FL

[Alex Hernandez]

I'm a realtor and property manager in Ocala I wanted to get on here to talk a little bit of how the market is like in Ocala. In December the average sale price jumped 41.6% compared to December 2020 $241,853 to $341,855 in December 2021. we also are on U-hauls top 25 cities of net move in nationwide for 2021 we have consistently been on their list in 2020 as well as 2019. I have told many of my owners of good rehabs multifamily as well as single family residence that have been on the market for a good return on investment either as fix and flip as well as long term hold as well for Airbnb/long/short term rentals. we also have many planned warehouses as well as currently under construction due to our proximity to Orlando and Gainesville we along with all the net migration Ocala in my opinion a gem that has barely been tapped into, yet we have an abundance of land that can build multifamily homes as well as single residence.

[Pretty Khare]

Wasn’t the best time to invest there was a year ago? If the average property price has already increased by 40%+, what are the chances of that continuing to happen? We saw similar appreciation in Florida properties in 2003-06 and then people who were left holding the bag in the Great Recession lost their houses and their shirt. With the interest rate hikes looming, I will be very cautious investing in these hot, highly cyclical markets. Counter points welcome 😀