All Forum Posts by: Barak Levi

Thank you guys for replied...

Andrew A., I already have some rental properties in Orlando that I bought 4 years ago but now the market here is too high and the ROI is low so i have to get a way from Orlando in order to find a good cap rate.

Jose Rueda, mostly I search for SFH cause it's very hard to find multi family but it is also an option for me and yes, you right the prices in north FL much cheaper than the south.

Raymond Mazzie, Thank you very much for your offer but Tallahassee is too far for me.

I'll be happy to get more opinions reg' my post

Thank you all

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