Justing Getting Started - Jacksonville, FL

[Dennis Kott]

Hi BP, 

I'm just getting started in the rental property game and truly believe its my dream long term. I'm currently trying to do as much research as possible on BiggerPockets and (trying) to start viewing properties. That said, I'm hesitant for a multitude of reasons: don't necessary want to admit my naiveté, don't want to waste Agent/sellers times, unsure of the basic protocols ect... I'm curious if anyone else has had similar experiences and how they may have overcome them?  I'm specifically in the Jacksonville, FL / Jacksonville Beach, FL if anyone has some in market experience. 

Thank you, 

Dennis

[Brett Nissen]

Thank you for sharing, and what you are feeling is very normal for rookie investors looking at a new market. I highly suggest listening to minutes 10-30 of podcast episode 563 w/ Sarah Weaver. Gives really good insight into the mindset and how to be a good “partner” to an investor friendly agent.

The good news for you is that every investing strategy works in Jacksonville, as we have such a wide array of real estate here. My advise is to read and listen to podcasts to determine what strategy and price point you want to focus on. Only when you have a defined strategy, should you then reach out to an agent to view properties. An example of a defined strategy would be "I want a SFH in Jax Beach for STR. It must have 3 bedrooms plus and be within 10 blocks of the ocean. Max purchase price is $800k". Top producing investor friendly agents are EXTREMELY busy right now given our market environment. Many are apprehensive to bring on rookie investors as clients, because often investors need to write offers within minutes/hours and rookies do not have the confidence/knowledge to write offers so quickly. If you can show to an agent you are very serious about acquiring in Jax, they will reciprocate and work as hard as they can to find you a deal!! To summarize: Focus inward on your strategy, define your acquisition goals, become a great partner to your investor friendly agent, and you will do great things!