Guidance in gentrifying neighborhood

[Nikki Nakamoto]

Hi BP community! Me and my husband (and 2 small kids) are looking to invest in our first deal, preferrably Murray Hill/Lakeshore area of Jacksonville Florida and trying not to get stuck in analysis paralysis. Looking to buy and hold or BRRRR, but it seems like the area is already saturated with investors doing the same and also flipping. Do you think it would be best to search a different area or does that seem like a positive that other investors are targeting that area as well? Also having a hard time determining an ARV since the neighbor is gentrifying and some streets are better/worse than others. Appreciate any input and help.

[Mark Fries]

@Nikki Nakamoto

Oversaturated x10...prices are at the ceiling. I would suggest a different area in Jacksonville..maybe 32216, 07, 17, 46

Others will jump on this thread and disagree...but what do I know...