McGuire Air Force base, NJ

[Jacob Chambers]

Hello everyone!

I am returning from 6 yrs abroad being stationed overseas in England and Italy. My next stop is McGuire Air Force base, New Jersey. While overseas I bought my first duplex in Florida and it is cash flowing nicely. I hope to expand my portfolio over the next four years of my service and have something solid in place to build upon when I retire.

I am looking for any reputable agent or lender who would like to work together. Also, if there are any investors who are already killing it please reach out if you have the time. I would really appreciate it.

I will start with a SFH for me and the fam, but I will be looking build a team for MFH and flips down the line.

Looking forward to it,

Jacob

[Gary Parilis]

@Jacob Chambers, I live in NJ (30 miles form McGuire) and invest in other markets -- NJ isn't a great place to invest, both because of rent/price ratios and because of landlord/tenant laws. If Pensacola is good, why not buy more there? I won a couple in Daytona.

How did you decide on Pensacola? I'm looking for other markets to focus on. I don't know much about Pensacola, but some basic stats seem pretty solid: 

median income growth 37% since 2000

median home value growth 77% since 2000

crime fairly low and declining

population declined 2000-2010, but flat since 2010

12 month job growth is -3.8. Negative, but not by much relative to other markets during covid.