All Forum Posts by: Pam Krull

Hi Dimitra, did you sell the 2.75 acres?

I may know someone who can help, DM me.

@Luis De Jesus I think Clay is spot on with the virtual staging recommendation. It's a nice house with nice finishes, virtual staging will add warmth and make it say "home".

I've only had to do one eviction in Ocala and I used Richard Mutarelli with McGraw, Rauba & Mutarelli. He was very efficient, took no BS from the tenant and got it done quickly. Not sure how long the average eviction takes, my tenants challenged, so there were a few more steps involved. But still, it went smoothly.

For property management you might reach out to Clay Lehman of Resolute Real Estate. I've heard good things about him.

I'm in Ocala and would be interested.

I just started this same chapter but skimmed ahead to see what you’re referring to. You pose a good question.
It looks like the “about $65,000” that’s being transferred to John’s PFS could have been calculated by adding the $8,450 Tenant Security Deposits to the $56,541 Total Owner Equity, for a total of $64,991. However, since the TSD’s have to be paid back, that doesn’t seem like that would be right. Unless maybe because he has those funds in his business account it’s considered an asset on his PFS until he has to pay it back? 

Sorry I couldn’t answer it definitively, but it’s an interesting question, Henry.

Hi Elson,

One of the best things a beginner can do to gain knowledge, learn skills, build resources and meet other investors/mentors is join a local REIA (Real Estate Investors Association). Like most experienced investors that's exactly what I did, thanks to advice I got right here on BiggerPockets. What a game changer!

If you didn't already know, one of the best REIA's in Central Florida is right there in Ocala. MCREIA, Marion County Real Estate Investors Association, meets the second Tuesday of every month from 6:00 - 8:00 pm. (As a rule the meetings are held at the Courtyard Marriott, across from Sam's Club. However, for the months of April and May the meetings will be held at the Ocala Hilton 3600 SW 36th Ave in Ocala.)

That would be a great place for you to connect with fellow investors, realtors and mentors! You can even attend the first meeting for FREE and try it out before you join.

@Shannon D., I sent you pm.

Generally speaking North Marion Oaks (north of hwy 484) is considered the more desirable area, with later builds, new construction and a mix of owner occupants & rentals. South of 484 is the older section of Marion Oaks, with some areas just to the north and south of Marion Oaks Ln leaning more toward rentals and typically lower property values. Outlying bands offer a mix of older & later builds and some new construction. 

There are opportunities in all of these areas. Your own investment plan; target purchase price, desired return/yield, plans for property management, long term exit strategy, etc. can help determine which area/property is the best investment for you. 

@Shannon D. Marion Oaks and Silver Spring Shores are very similar. Both are large communities with sections of varying desirability and a wide range of property values. You'll find everything from working class rentals to upper middle class homes within these two communities. Marion Oaks is located in SW Marion county, an area that has been experiencing tremendous growth.The Shores is in SE Marion, closer to two of Ocala's primary hospitals, etc. 

Both have a mix of older sections, later builds and and both have plenty of new construction. Either would be an excellent choice and are great for holding, flipping or wholesaling. I've flipped multiple properties in both communities and they fly off the shelf. I have friends with a number of rentals in both communities and they're consistently overwhelmed with rental applicants. The question may be, "Where within these communities do you want to hold properties?"