All Forum Posts by: Drew Ramasco

@Caitlynd Fawn Born-Dohm

sending you a PM

Never heard of them but trust your gut!

@Branden Esch not a bad area, close to the villages and 484/75 so I'm sure you won't have a problem renting. Even $2200 seems realistic for a 4beroom because there are not many 4bd on the market.

My issue is their math "tricks" to sell you on the deal. If you personally don't care about cash flow and only appreciation then you might be OK. BUT that cash flow number is misleading. You WONT be pocketing 415/month.

Any investor will tell you that they are leaving important items out like expenses/repairs, CapEx and occupancy numbers. With some rough math (using the 50% method) you could assume that ALL expenses besides debt service would be half the gross rental amount so in your case about $13,200. That is what will be left over to service your debt per year (not enough).

If you don't care one way or another, and just want to cash in on the home appreciating in 40 years, then that's perfectly fine. Just as long as you are aware that realtors/salesmen will always use this incorrect way of figuring cash flow to sell you the deal. 

Born in raised in Ocala, I also invest here and used to live in Belleview (s well as SSS).

Belleview is a weird town. You can have a million dollar equine property next to a broken down mobile home park. Its really neighborhood dependent. I would say rents are comparable to SSS but definitely not as high as the city of Ocala, especially near downtown. 

I just turned over a rental in SSS and the amount of people knocking down my door was ridiculous. I think Marion County as a whole is super hot right now so you can't go wrong if you're buying correctly. 

Sorry that was for Alana 

Exploring lesser know markets and currently looking at the Hudson FL area.

AirDNA saying 144 ADR and 77% Occupancy

Anyone here familiar with the market, or can point me to someone around that area who does? 

I have friend who retired there and loves it, gold cart friendly community close to Tampa/Clearwater area

Looking for insight, thanks

 I sent you a PM can to get in touch 

Born, raised, live, and invest in Ocala. I'm also a lender and have many realtor connections. The Market is HOT. We have low inventory and they are building a home on every corner. We've had a huge surge of distribution centers in the past few years come here and they brought tons of new jobs. Then, with the opening of the World Equestrian Center, higher end homes in equine communities are being bought up fast by STR investors. It is crazy here, but I agree that we are just getting started!

Are you actively getting 2400/month right now and where in Ocala.