December 2017

Property Management Companies: An Ideal Way to Leverage Your Time and Money

Two quick questions…Here’s the first: When you wake up and then go about your day… are you filled with joy as your mind runs through all the exciting possibilities concerning things like property maintenance (including cleaning gutters and clogged toilets), filling tenant vacancies, and checking up on how to comply with the latest state and federal laws concerning taxes and fair housing?If so, stop reading this article. You shouldn’t be thinking about real estate investment ‒ you should probably

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Success Is… Working Smarter

I’ve said it before — success isn’t just one thing. It’s more than a single attribute or skill, more than making money or being content with where you’re at in life.So what can we say about success without writing a whole book?Well, success is basically all about working smarter. And there are a few primary ways to do this…The Abundance MentalityA fundamental trait for achieving success is developing an attitude of abundance. So, if that proverbial glass really is half-empty… because

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Yes ‒ You CAN Change Yourself in Fundamental Ways

There’s a saying: “Be an active participant in your own rescue.” Let’s look at what that means when it comes to developing a mindset for success.There are many ingredients that go into building a successful mental framework for lasting success, such as developing smart habits in general, viewing failure as an important part of your forward progress, accepting your personality and inherent strengths, and more. But one of the most important is this:You must believe that it’s possible to change

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What Leveraging OPM Really Means

We talk a lot about using OPM ‒ “other people’s money” ‒ in the real estate investment world. So it’s worth taking a few minutes to talk about how that’s actually supposed to work…How Not to Do ThisFor example, here’s what it doesn’t mean: using a credit card to purchase some consumer item, like a new stereo system or whatever. Sure, you’re using OPM (the credit card’s bank in this case), but…You’re merely borrowing money you don’t have… which you’ll have to pay back with a very high interest

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Ocala, Florida

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

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


    • 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.