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Updated about 3 years ago on . Most recent reply

Justi Kobilis's profile image
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Justi Kobilis
  • from Sacramento, California
  • Member since Oct 28, 2017
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Justi Kobilis's profile image
Justi Kobilis's profile image
Justi Kobilis
  • from Sacramento, California
  • Member since Oct 28, 2017
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Justi Kobilis
  • Sacramento, CA
2
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9
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Buying & Selling Real Estate

Jackson Mississippi Investing

Justi Kobilis
  • Sacramento, CA
Posted

Hello everyone!

I am interesting in learning more about the Jackson Mississippi real estate market for cashflow rentals. Does anyone have any thoughts on if it is still a good time to buy in the market? Hoping to be able to achieve a 1.5% to 2.0% rent to price ratio, target IRR 15% and COC 8 to 10% or more. Is this still possible? Also, does anyone have any recommendations on a good real estate agent and property management company there?

Thank you for your input!

Justin Kobilis

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Susan Maneck's profile image
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Susan Maneck
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  • from Jackson, Mississippi
  • Member since Aug 28, 2014
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Susan Maneck
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  • from Jackson, Mississippi
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Susan Maneck
  • Investor
  • Jackson, MS
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Susan Maneck
  • Investor
  • Jackson, MS
Replied

It is still possible but you have to look harder for the good deals. I'm a bit dubious as to how easily that can be done from California. The main things you need to look out for are foundation problems. 

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