Hello, looking to connect with folks that know OCALA area . I am looking to buy and hold rental properties for 10 years. Also looking to connect with reasonably priced and reliable Property managers
Rental Property Investor · Ocala, FL · Member since 2018 · 48 posts · 35 votes
5y
Ocala is having some inventory issues right now (as is most of the country). There are a lot of new businesses bringing in lots of jobs here and people are flocking. If you can get your hands on a good deal, you won't have any issues renting for a long time.
Ocala is a great area for buy and holds. The buy part is a bit challenging due to the highly competitive nature of the real estate market, but the rental demand is equally as strong. I look forward to connecting with you and discussing further.
Rental Property Investor · Ocala, FL · Member since 2018 · 48 posts · 35 votes
5y
Ocala is having some inventory issues right now (as is most of the country). There are a lot of new businesses bringing in lots of jobs here and people are flocking. If you can get your hands on a good deal, you won't have any issues renting for a long time.
Is it common for a new construction in OCALA to be sold "AS-IS" by a builder, especially for properties under 160K? IS this legal. Will the city allow it?
Rental Property Investor · Ocala, FL · Member since 2018 · 48 posts · 35 votes
5y
Most reputable builders will offer some sort of 1 or 2 year home warranty. But you have to remember, just because the address says "Ocala" doesn't mean the home is within the city limits. Most new builds in that price range are in what's called unincorporated Marion County
@Sendil Thangavelu - did the builder say the home is as-is with no warranty or did they ask you to use an as-is contract? The use of an as-is contract is common, but you would also expect to receive a warranty with a new construction home. I would make sure there is language in the contract referencing the warranty the builder is providing. If they are not offering a warranty, I would like to understand why. That would be unusual for new construction.