All Forum Posts by: David Pierce
David Pierce has started 0 posts and replied 69 times.
Post: Does anyone invest in Ocala Florida
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
@Brian Plajer - sounds good.
Post: Does anyone invest in Ocala Florida
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Ocala is a good rental market and is growing. Good place to invest.
Post: Does anyone invest in Ocala Florida
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Quote from @Vicki X.:
Quote from @Clay Lehman:
Good morning Brian,
I am an investor in Ocala. The area is fairly landlord friendly. There are no municipal-level rental restrictions. You will want to watch out for HOAs, that is where you will see rental restrictions. But there are tons of areas where you can buy that are not in an HOA. I think the main thing people would point to as a red flag for Ocala is that it is not a large employment center like Orlando, Tampa, and Jacksonville and as a result may be more exposed to a pull back in values when there is a downturn. In the past 10 years, Ocala has greatly improved the employment base, adding tons of logistics and distribution jobs on top of the medical, service and equestrian jobs that we have always had. I agree with @Murali Jesudoss, I had pulled back from investing when things got super crazy in the last year or so, but I believe things are stabilizing and deals will start to become more attractive. Good luck and welcome to the area!!
Thanks,
Clay
@Clay Lehman@Murali Jesudoss Thanks for sharing! I'm also looking at opportunities in central FL, and Ocala was on my radar. I wonder if you have any experience and insights about Sanford - Deltona - Deland?
I manage quite a few properties in those markets.
Post: best areas in Florida for investment
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Good time to scout out areas. But I am pretty sure rents and prices are going to drop...
Post: Best 'day job' to get into full-time adaptive reuse of CRE?
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Not even sure what you are saying. But, main thing, vacancy kills new commercial investors who do not understand commercial vacancy to rent income periods....
Post: What is Co-Star membership cost for sale/lease listings , comps?
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
They will not give you a firm price either. Crexi is adding features to compete.
Post: After over 30 Residential purchases I am moving to Commercial
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Post: Triple Net Lease Renewal - Questions
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Check your current lease for options to renew.
You should always have an attorney do a commercial lease. If you have the same one who did the original it should not cost that much.
Not much else to add not knowing any more details.
Post: Any Deltona, FL investors here?
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Post: Daytona Beach -- Investment in properties for short term rental
- Property Manager
- Deland, FL
- Posts 71
- Votes 28
Volusia county is very restrictive on short term rentals in general. Just Google the laws, news stories, etc.