Ocala Rental Investment OOS
Hi - I am based in NJ and am looking for OOS investment at Ocala, FL and surroundings. My investment objective is to start with buying a new construction property not more than $200K and to obtain an appreciation of 50% - 75% appreciation by 2030 (my Exit Strategy). As a near-term strategy, I am looking for ROI of 5-10% from rental income.
While browsing I have realized there is a lot of buzz around Ocala and its suburbs. So, I would like to understand -
1. Good neighborhoods in Ocala and suburbs, since it's a vast area
2. Feasible areas to invest given the above-mentioned budget
3. The areas are in process of development i.e. infrastructure is expected to be in place by a year
4. Current new construction development going in the area
5. Job opportunities and average income per household
6. Average rent and turnaround time to find a new one
7. Challenges of getting Construction loan