Jacksonville, Fl Multifamily Rental Market

[Account Closed]

Hi.

I am looking to connect with investors in the Jacksonville, Fl market.

I moved here two years ago from Fort Myers, Fl where I was born and raised. I have a duplex and triplex in Ft Myers for the last 3 years and they are my 7th and 8th rentals that I have owned but sold the others to get these two.

The market in lee/collier county (Ft Myers / Cape Coral / Naples) has exploded again and living in Jacksonville now I feel it’s better to invest the cash I have up here. Seems to be more opportunity.

Just a little more info on roughly my strategy - I put 25% down with conventional loans so far on 30 year fixed rate notes and look to cash flow as much as possible. I currently have a little over 200k cash to spend which is the most I have had yet but also leaves me with about 50k cash to cover about 6 months of expenses personal and investment should something catastrophic happen. That being said I have a good job in Med device sales and work for a pretty solid company with good prospects for the foreseeable future so not too concerned about employment for 5 or 6 years and my credit / income / and cash should let me qualify for a property in the 800k - 900k range. I wouldn’t mind one big property now if I could get 8 to 10 units for a good price per door but I also don’t mind splitting it up into 3 or 4 smaller Multifamilies.

That’s sort of where I’m at and just heard about bigger pockets and thought I should see if I could connect with some investors in my area. I guess one thing I’m also mulling over is should I wait some time and see if real estate stays booming or corrects a bit. So to that end would just love to hear from any and everyone who has an opinion. Right time to buy or keep piling up cash for another 6 months?