Rental properties in North Florida

[Barak Levi]

Hi everybody,

I'm an investor that looking to build a passive income through rental properties as for now I'm checking few cities in north FL: Jacksonville, Gainesville and Ocala. I have 500K to invest in cash and there is a lot of opportunities out there, I'm not familiar with those specific cities so it's confusing. My goal is to get 8-10% net cap rate for a long term (20-30 years), I'm still considering few strategies, To invest in a big and stable city like Jacksonville to buy a old house (1960-1980) in not so good neighborhood and give it to a property management company to take car of the properties or to go to a medium city like Gainesville but will still need a local property management or it will be better for me to invest in a new construction in a small city like Ocala (I know there is a lot of development in the area) and I can also manage it myself. I know that the property management it's not a primary consideration but I share it with you cause I have a very good and reliable team in Orlando so I'm sure they will save me a lot of money if they will take care of the properties.

I'll be happy to get advices and detail info from a local investors in those cities. please be specific including neighborhood names or zip codes where you think will be the best to put the money in. 

I'll very appreciate your corporation regarding it 

Thank you

Barak

[Andrew Ashby]

@Barak Levi, I have property in Jacksonville...but why not invest in your own backyard in the Orlando Metro Area? Orlando is one of the six fastest growing in the state (Jacksonville is not growing as fast): Florida has 6 of the nation's fastest growing metro areas