New Investor (Jacksonville, FL Springfield)

[Jessica Stevenson]

Hello BP community! I am looking to purchase my first multi-family income property in Jacksonville, FL (specifically in the Springfield neighborhood). We want to use the BRRR method to hopefully purchase several properties in the next few years. I would love any and all advice. Thank you!!

[Jack Bobeck]

@Jessica Stevenson Springfield is home to SPAR which is the Historical Preservation. They will have their hands in your project, they will probably have pictures of your house/property of when it first started. So your best to not provoke them as they can have the city come in and crawl up into your business. If you add a dumpster, make sure you get a Certificate of Appropriateness (COA), or you will get a yellow tag from the city and maybe a fine if it goes on too long. Code Enforcement is not a group to tick off in the historic district. 

Good news is that there are lots and lots of properties that need love in Springfield. There's a 6/2 on Clark Street that is going for 93k. Might be a good first one to look at, but get out and drive the neighborhood. I am sure there are more that are probably not even on the market. Best of luck to you!