Needs a location. In pricey locations, you may wind up upside-down and spending more each month than you are taking in. Talk To Another Property Investor Gainesville is full of local people who are also property investors. All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved. Find Out More About Us. Conversely the value will increase if improvements to it increase its ability to earn income.