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Updated almost 2 years ago on . Most recent reply

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Tyrone Shu
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Property in Jacksonville

Tyrone Shu
Posted

Afternoon I'm looking to get a second property/ rental property in Jacksonville FL.  I'm currently pre approved for  $200k.  I am looking for any advice on getting in to this market or if it is worth it.  I have a basement Airbnb in Atlanta /Turo business so I would love to share information on that for anyone who needs it as well.   Thank you in advance

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I'm an investor/realtor in the area, with three rentals in the area.  I hate to sound cliche but what is your investment goal in getting a place in Jacksonville?  Understandably, you can still find property under $200k BUT the quality of renters that you will get wont be the same caliber of renters that the average investor looks for (ideal credit score, 3x income, etc.).  At that price point, you are potentially looking at tenants who are looking for landlords who accept section 8 or may have 2 of 3 requirements that you are looking for. 

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