May 2018

Tips for When You Need To Screen Tenants

The quality of tenants occupying your rental property is extremely important…Get it right… and they will put cash in your pockets month after month while growing your net worth. Get it wrong… and they’ll seriously harm your cash flow. It’s worth getting it right.Now, before we jump into some tips for this, keep in mind that there are real advantages to having a good property management company handle the nuts and bolts of tenant screening for you. However, you may not be ready for that yet. And

Can the Tax Code Actually Be Your Friend?

Most folks don’t think of taxes as being something they can put to work for them. Isn’t the whole purpose of the tax code for the IRS to take away huge chunks of your hard-earned money?So how can the tax code be your friend?Well, whether you ever consider it your “friend” or not, real estate investing does allow you to get some real benefits out of the tax code. Quite a few, actually. We’ll touch on just a few today.First, though, we need to get really clear on an important issue…Profit Is in

5 “Get Rich Habits” You Can Start Building Today

How do you get rich? What do rich people differently from everybody else that enables them to become so wealthy?Great questions!And I’ve got some answers. I won’t try to cover everything here ‒ but I will give you 5 “Get Rich Habits” you can start putting to work for yourself right now…Hang Out With and Imitate Wealthy PeopleThe company we keep has a profound effect on how we think and act. It’s hard to become wealthy when practically everyone around you is stuck in a poverty/scarcity mentality.

Three Forms of Freedom ‒ Your Major Success Drivers

How do you draw the line between taking care of yourself and having “positive self-esteem” (the good kind ‒ not the modern, wimpy snowflake kind)… versus being flat-out selfish, and self-centered to the point of being a real nuisance to society?It’s a good question. In part because it helps clarify your purpose in life ‒ what a lot of folks call your WHY. (Go here, here, and here for more posts that touch on your personal WHY… and “why” that matters a lot to your success.) Today, though, I

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.