Gainesville FL market

[Roy Gottesdiener]

Is anyone familiar with the Alachua area? I am a new investor and have a potential deal so curious to hear from experienced investors. What does the market there look like? Who are the typical tenants?

[Shawn K Hicks]

@Roy Gottesdiener

The Gainesville market is pretty diverse. Multi family properties in C & D neighborhoods currently have overall the best returns. Rising rents across the board and section 8 vouchers have risen significantly in the lat two years. 

A & B properties the more likely tenants are students and professionals, but the profits are less if you buy now due to higher purchase price points, taxes, and in many cases association dues.

What’s the dynamics of the deal you have working?