Month: October 2017

How Virtual Real Estate Investing is Destroying Barriers for Would-Be Investors

I’ve got a guest blog post for you today…It’s by a friend of mine named Brian Ellwood. You’ll see pretty quickly why I’ve asked him to share his expertise with us. For now, let’s just say that considering what he teaches, it’s more like he’s… me!So, I’ll let Brian take it from here…How Virtual Real Estate Investing is Destroying Barriers for Would-Be Investors“It’s my belief that you should live where you want, and invest where you should.” – Brian EllwoodIf you’re reading this, then I probably

Turnkey Real Estate Investing with RP Capital ‒ Part IV

It’s time for the fourth and final part of this series (you can go here for Part 3)…Last time, we covered the kinds of properties you need to look for ‒ the properties that will serve you well as long-term investments. We finished with the numbers from an actual property that fits these criteria. Here’s what we saw:(This was for a newly constructed property worth $158,000 at time of purchase.) The owner made a 25% down payment of $39,500, and the property generates a monthly cash flow of

Ocala, Florida

DEMOGRAPHICS
Unemployment Rate: 4%
Recent Job Growth: 3.4%
Median Income: $46,798
Population: 360,000
Population change since 2010: Up 38%

AREA INFORMATION
Median Home Price: $172,000
Vacancy Rate: 5.2%
Average Commute: 25 min
Average Temp: 43-91

www.bestplaces.com
www.citydata.com
Ocala, a small agricultural and manufacturing center, is about halfway between Gainesville to the north and Orlando to the southeast. With its attractive tree-lined streets and Old South–style homes, it more resembles a typical Southern city than a Florida city or beach town. Ocala is the capital of Florida’s thoroughbred industry, and ranching and horse-breeding are popular

Highlights

    • Housing growth in and outside the city is largely driven by retirement and new families looking for somewhere that feels like home. Lots of families find this in Ocala because of the comfortable southern feel. The cost of living is 6% below the national average and interest rates are low.

    • Located in the heart of central Florida, there is easy access to attractions found all around the state. Ocala also houses many attractions of its own, including The Appleton Museum of Art, Fort King National Historic Park, and Silver Springs State Park.

    • Job growth increased by 3.4% in 2016, and continues to do so. There are many employment opportunities in manufacturing, healthcare, and sales. The presence of Lockheed Martin, provides many jobs in the manufacturing of advanced technology.