All Forum Posts by: Alex Hernandez

Quote from @Elson Bartolome:

Hello my name is Elson Bartolome I live in Ocala Florida, Thank you for this post, I wish I be there with you guys every events. I would appreciate if any of you guys know any, investor friendly realtor? around my area. thank you in advance.

I am a investor friendly realtor and property manager in ocala Florida my brokerage is Great Expectations Realty 

Quote from @Branden Esch:

Quote from @Alex Hernandez:

Quote from @Murali Jesudoss:

Hello Team,

I have been closely watching the Silver Spring Shores in Ocala and Ocala Park Estate areas and have 5 homes under my belt there. I now have an opportunity to acquire few new homes 3B 2B 1G in South east of Silver spring shores and also Belleview and Summerfield areas for 160ish grand range.

I would like to know from fellow Central FL investors how do these areas compare? Are Belleview and Summerfield as good as Ocala in terms of long term rental and appreciation? do they have high vacancy rate? If there are as good as Ocala, are there any areas or zip codes I should be beware and stay away?

Also, there are lot of homes coming up in Locust streets like locust loop, locust ln locust rd, etc(different names) in South east side of silver spring shores. Google map shows them as forest background areas with 1 or 2 homes in street but my builder says these are out of date and these roads are having lot of new homes? Can anyone on the ground confirm the same? Like if these homes would be as close to the core silver spring shore homes in-terms of rental and appreciation?

Thanks again for all your help!!

As a property manager in ocala its been my experience that houses in silver springs shores rent for slightly less then ocala and belleview, but it's also cheaper to buy so it kinda evens itself out, and as far as tenants that depends more on what screening requirements are in place then I'd say general area is concerned,  as far as your question about what the builder said it's true in silver springs shore there is a lot of new construction going with more permits and plans being approved for more construction so its has my eye for a high future appreciation area from all the new construction

Hi Alex,

do you also manage properties in Belleview? I’m looking pretty hard at new construction there. $300k for a 2700 square foot 4bed 3bath in a neighborhood with four hundred other new rental homes. Would you recommend for or against this? Alternatively, I could just try and find a good deal on an existing house. Seems like a lot of house for the money. 

Thanks,

That would be a difficult decision it is a very big house unless you're thinking of using it as your primary residence in the future I don't think for a rental property it would justify the cost when a smaller new construction can run you a better cash flow due to the smaller purchase price 

Quote from @Murali Jesudoss:

Hello Team,

I have been closely watching the Silver Spring Shores in Ocala and Ocala Park Estate areas and have 5 homes under my belt there. I now have an opportunity to acquire few new homes 3B 2B 1G in South east of Silver spring shores and also Belleview and Summerfield areas for 160ish grand range.

I would like to know from fellow Central FL investors how do these areas compare? Are Belleview and Summerfield as good as Ocala in terms of long term rental and appreciation? do they have high vacancy rate? If there are as good as Ocala, are there any areas or zip codes I should be beware and stay away?

Also, there are lot of homes coming up in Locust streets like locust loop, locust ln locust rd, etc(different names) in South east side of silver spring shores. Google map shows them as forest background areas with 1 or 2 homes in street but my builder says these are out of date and these roads are having lot of new homes? Can anyone on the ground confirm the same? Like if these homes would be as close to the core silver spring shore homes in-terms of rental and appreciation?

Thanks again for all your help!!

As a property manager in ocala its been my experience that houses in silver springs shores rent for slightly less then ocala and belleview, but it's also cheaper to buy so it kinda evens itself out, and as far as tenants that depends more on what screening requirements are in place then I'd say general area is concerned,  as far as your question about what the builder said it's true in silver springs shore there is a lot of new construction going with more permits and plans being approved for more construction so its has my eye for a high future appreciation area from all the new construction 

Non of my investors have gone through rtr but they have all made good profits on their long term rentals with me currently the market is very hot for renters here due to low supply I just rented out this week a brand new construction for $1795 in the zip code 34473 

Welcome to BP I am a property manager, realtor as well as investor in ocala fl  right now with very low inventory and very high demand our market is hot and is still fairly accessible when compared to other markets in florida and construction is booming I have a post on it here on BP and our market is really just getting started now 

Check your state laws firstly some states don't allow that, some states cap the amount you can increase per additional tenant as well

There never really is a right time due to the financial risks involved currently interest rates are low so that can be appealing but more importantly really look at market that you're thinking of buying into what did it look like before the pandemic during the pandemic and now and do you think it'll continue trending positive after interest rate hikes take effect I'm currently managing properties  in Ocala fl and I think our hot market won't be highly affected by interest rates hikes due to a critically low inventory vs the demand we have of people moving into ocala

I have an Airbnb/VRBO rental in Dunnellon FL if you like to stay there and look at the Ocala market I'm a property manager and can say Ocala has a hot rental market and is fairly cheap to get into for short-term and long-term rentals

I manage a short-term rental/ Airbnb my advice would be to really look at the market closely for things to do one expensive property in this market can cash flow better then two cheaper one if their location is further away from things to also look at what's in the vicinity how the neighborhood is and what amenities can be offered 

@jay breitlow yes friendly short term rentals if the lease is less then 6 months and one day you have to collect taxes but besides outside of HOA communities you can easily short term rent your properties