All Forum Posts by: Kumar Ranjan

I'm a Realtor and investor here in Gainesville and have lived here since 1997. I'm very familiar with the MFR here in Gainesville as well as helping investors find positive cash flow properties. I'd be happy to answer any questions you have or help in any way I can.

I have lived in Gainesville since 2003. Began investigating MFR a couple of years ago and put offers on a few but nothing accepted.

Some investors have had good success at acquiring but I have not really seen any that I would pay for either for the location (bad bad crime) or the price. (Ex: Phoenix is a terrible location in my opinion. It's a small pocket area surrounded by other apartments.)

There were a couple being sold ( 2 1-4 units back to back of one another) from one long time owner in an area that actually wasn't that bad - near UF and other apartments and MFR. For me, the problem was foundation issue on one set of units and great deferred maintenance on both. There seemed to be one HVAC replaced since it was built back in the 80's. Asking to much.

Reach out to a few realtors and have a discussion with them on your criteria. Doing the neighborhood search is a great idea for crime. 

Gainesville is experiencing a ton of growth in building - although there is a high student population here with UF and Samata Fe, I don't see just how they will not have high vacancy rates.

Not sure what I can help with but let me know. I know a few agents that work with investors. And yes, they also understand the mindset not just doing sales.

Good Luck....

As mentioned, Raytown is a relatively stable and predictable area, as far as property values go.  It varies by area, as does every other suburb, but for it's price point it is generally a good place to find cash flowing rentals without getting into the rough stuff.  I have a couple in that area and would not hesitate to buy more, as long as the numbers work.  So I wouldn't avoid it, but don't count on strong or aggressive appreciation as you analyze the deals.  But there are certainly deals to be had.

As mentioned, Raytown is a relatively stable and predictable area, as far as property values go.  It varies by area, as does every other suburb, but for it's price point it is generally a good place to find cash flowing rentals without getting into the rough stuff.  I have a couple in that area and would not hesitate to buy more, as long as the numbers work.  So I wouldn't avoid it, but don't count on strong or aggressive appreciation as you analyze the deals.  But there are certainly deals to be had.